I have been in business for most of my adult life. Since I was a child I have watched my brothers and my parents start businesses, and lose and win in business. I watched my parents build a corporation from nothing, only to be duped by a lousy business partner. I also watched as they, having every reason in the world to quit, never gave up. They were buried in debt; friends, family and business advisors would say to them, “It’s over, there’s no other option but bankruptcy,” and I watched them give the finger and say, “F You,” suck it up and keep going. Eventually, they turned their small winery into one of the most popular wineries in Israel that sold to an investor for a few million dollars in its fifteenth year of operation.

I learned from my own experience as well. As I ventured into the world of entrepreneurship and business, I discovered the different types of people that are playing this game that I (we) love so much, the game of entrepreneurship. I learned how to handle difficult problems, how to handle enormous amounts of stress and how to strategize a victory to save my own life.

If you study the success patterns of the ultra-rich and super-successful people, you quickly discover that every self-made entrepreneur, no matter how big or small, had to encounter problems, and lots of them. Successful entrepreneurs recognize problems as a sign of life, a sign of the fact that you are “in business.” Having absolutely no problems means either you are lazy or you are not in business at all. Every business, every entrepreneur, and every government has problems. The bigger you get, the bigger your problems are, the bigger the problems you solve, and the bigger (and better) you become.

Learning to solve problems is the basic key to achieving success as an entrepreneur, so how do you solve big problems? How do you avoid being “taken” by the problem? How do you handle the pressure of too many issues to deal with? And how do you become a problem solving entrepreneur? This short article will give you the key elements to handling and solving problems regardless of size, quality or quantity, the mastery of which will turn you into a very successful entrepreneur.

1: Realize that you have a problem. Ignoring the problem will only make it worse and, like a wound, if a problem is not treated, its infection could bring down the organism you worked so hard to build. Don’t let problems grow into monsters by ignoring them; when you realize you have a problem, write it down on a piece of paper. Don’t spend time or energy analyzing the problem (not yet anyway), just acknowledge that there is a problem.

2: Problems are only challenges, and a challenge is an opportunity. God, the universe, or whatever you want to call it, gives us problems as a way to test our abilities–that’s it. People read too much into challenges, they see them as these impossible tasks and they brand them as “problems” instead of seeing them for what they really are: tests, challenges, stepping stones, ways to prove ourselves and ways to improve our ability in solving difficult challenges. A good way to understand this is by looking at mathematics: In the field of mathematics problems are a good thing, they are a way to prove your ability to solve them. Start by rephrasing challenges in your mind: never call a challenge a “problem,” look at it as a “challenge” and you’ll have a better chance of dealing with it. When you solve a “problem” you become better at it, you have no problem walking right? That’s because you spent years of your life overcoming that challenge, and now you do it without even thinking about it. As a final example, starting a business for the first time is a big challenge, but when you do it over and over again it becomes automatic, because you gain the skill to solve problems related to starting a business.

3: Knowledge eliminates problems. It’s very simple: when you know what to do, doing it is no longer a big challenge is it? It’s relatively easy to get a M loan from the bank If you know how the financial banking system works better than the banker you are sitting across from. It’s easy raising capital from investors when you know how to build and present business plans, and if you have developed that “conviction skill” which was, at one point, a challenge to develop. It’s easy dealing with a difficult contractor if you know his project better than he does. The more you know, the less likely it is that problems will become “problems” rather than challenges. Of course, it is unreasonable to think that you’ll have no challenges. And you need challenges. Without challenges, you probably don’t have a business or you are playing it very safe.

When facing a challenge, read about it and spend as much time as possible studying it and understanding how to solve it. Don’t, I repeat, don’t spend time thinking and trying to analyze the problem, only the solution; spending more than 10 minutes on the problem will  put you in a horrible mood, and you can’t overcome challenges when you are in a horrible mood. After you solve the problem, spend a few minutes understanding how to avoid similar problems in the future.

4: Build (or think of) a plan of action immediately. I learned (the hard way) that when you have free time when a problem is floating over your head, one of two things will happen – you’ll either begin to slowly deny it or you’ll begin to sink into a deep depressive mood (even if it’s just temporary). Don’t let problems defeat you, build a plan of action right away. The plan of action should be based on your previous experience solving similar problems, so ask yourself, “Have I ever solved a similar problem?” and, if so, “How?” If you have never encountered such a problem before, start by asking yourself the following:

A. What’s good about this situation? No matter how bad the situation is, there is something good about it. If you just lost all of your backup files and your PC’s hard drive was deleted, then you learned a lesson–starting now, every week, you’ll back up your materials on a CD. Or maybe this gave you a chance to build a new system to manage your clients, one you would never build before because you had all that “other stuff” going on. If the bank denied your loan, you now know why (banks usually give details as to why they denied you), and you can use this information to achieve success with the next bank; write down the reason for the denial, and come up with a way to show the next banker that it’s not a problem. If you lost a big client, you now have the tools needed to keep your next clients close, and you also get the opportunity to set yourself a challenge – getting him/her back. Be sure to take notes when you encounter a loss, so that you learn the lesson for next time you try – that’s the great thing about life, if you lose, you dust yourself off, and get back up.

B. What should I be thinking about right now? This question puts you back on track, and gets you to focus on the real solution, rather than the problem.

C. How can this problem be solved? Write down at least 5-10 solutions to the problem (challenge), just like you would with a mathematical problem. Write 5 to 10 and don’t worry about the “how,” you’ll focus on the “how” later. So, let’s say you sell chairs for a living, and you are dealing with a lack of funds that will seriously affect the health of your organization. How do you solve this problem?  Write down your key question, “How do I make a revenue of ,000 by the end of this month?” Now, what do you think are 5-10 possible solutions for this problem (challenge)? Well, there are at least 50. Always know and always remember this phrase: “There Is Always A Way!” I am a big believer that no matter what you encounter, you can solve any problem by focusing on this phrase. So, for this example:

1 – Sell 400 chairs to a restaurant or large facility.

2 – Create a huge summer sale – get rid of all your stock at a discount and advertise it.

3 – Sell a bulk of chairs on eBay or another auction site.

4 – Create a consignment campaign, place 500 chairs in furniture stores around your area.

5 – Advertise a bulk campaign in a restaurant magazine.

6 – Get a loan from the bank to sustain the business until sales pick up.

7 – Commit to selling X items each day, and don’t rest until you do.

 There are many more ways to accomplish this specific goal of reaching certain revenue, the ways to do so are endless. Now that you have the “How,” you need to get to work.

5. Take Action. After asking yourself the right questions, and looking at the situation from a different angle, it’s time to take action. You can analyze your situation to death and not achieve a thing if you don’t take any action. Get off your ass: pick up the phone and get going. For the challenge I presented earlier, “make X dollars in revenue,” you would want to pursue all 5 options mentioned above, so it’s time to take action:

1 – Sell 400 items to one large corporation:

Make a list of 300 large corporations that would be able to offer such a large quantity purchase. If you are selling chairs, you may want to focus on facilities, furniture chain stores, new restaurants, hotels, motels, office buildings, designers, etc. If you are selling books, you want to focus on chains that are related to your book, for example, a How To Fix Your PC book would go well in every store or large chain that sells PC equipment, personal computers, or PC software. Make a list – the bigger the better. Understand that sales is a numbers game (again, we return to knowledge, the more you know…): call 10 companies and you will get disappointed because no one is interested. Call 100, and you’ll learn that at least 20 seem interested. Call a 1,000 and you’ll make your sale. You probably are wondering: “What?, I’m going to have to call 1,000 people?” Why not? Why should you be discouraged from only calling 1,000 businesses, why not call 5,000 businesses? Cornel Sanders got rejected 800 times before he heard his first yes; he didn’t give up, and you shouldn’t either.

2 – Create a huge summer sale. In business, it’s all about “the word:” getting the rumor out is essential, and it doesn’t have to take months, you can create and distribute a press release in one day. It’s really not that difficult once you know how.

3 – Sell a bulk of chairs on eBay. Something like this should be your last resort, but it’s always good to have plan B, C and D, in case plan A doesn’t work out.

You get the point.

Most importantly, don’t quit, and don’t let problems defeat you; instead, do your best to solve them as soon as they pop out. Don’t delay, don’t be lazy and be prepared, because you’ll encounter problems. Problems are just a sign of life, we need problems to develop our skills and become better businessmen. Top executives earn millions of dollars in salaries because they solve big problems. Billionaires make their mark by solving big problems. Anticipate problems, be ready for them, and you’ll do fine. And remember: you have no problems, only challenges. If you want to see people with problems, visit South Africa, Nigeria and other places where people suffer from a lack of food and fresh water and are facing death every single day, then you’ll see people with problems. Understand that you are lucky to be living in this amazing country and, as long as you work hard and stay focused, no problem will be too big to solve.

Do a good job, and you’ll be a winner.

Usher Morgan

India has been raising consistently in the recent past with Consistent Growth and Improvement Including all prominent areas such as Science and Technology, Globalization, Education and Industrialization. A recent Research says that Number of Millionaires and Entrepreneur have been rising at rapid rate In India with More people now starting to Develop and Nourish their Creative Ideas into Materialized and Productive Firms.

More people now understand the Impacts of Independent Thinking of an Entrepreneur and the benefits it derives not only for the person but also for the Society and nation by creating more and more Job Opportunities. It has been possible only due to the awareness spread by the Government in the recent eras and also the support that ever nation is now starting to provide to Future Entrepreneurs.

In recent years, Government has started to Support the Entrepreneurship and independent Work Establishment by creative Young Minds. Government Understands the Benefits of the same as it can solve the Unemployment Problem by providing more and more Job Opportunities to Capable Job seekers.

Government in India has also started many ventures for supporting the young Entrepreneurs. Technology business Incubator (TBI) is one of these Ventures that Provides Financial Support to the young people with creative and productive Ideas. Many other ventures are Being Started by the Government to support Future Leaders to grow themselves and the nation.

Thus it’s best time ever in History of mankind to become an entrepreneur as we are now Living in an era full of Information as the Required one needs to Nourish and Materialize an Idea has is now available Freely on the internet and Various public Sources. All other type of Support is being given by the Society and the Country’s Government Itself. Thus it’s best time to Nourish Ideas and Become a Successful Entrepreneur and helps the Country Greatly in Becoming a developed Nation.

It cannot be denied that everybody in this planet want to live in a good and also healthy condition. The easiest way to get this healthy body is by keeping you away from bacteria and also viruses. Bathroom and also toilet are two places where bacteria and viruses grow rapidly. These both places need to be kept clean and dry so that you can manage to get a healthier living environment. Due to the high percentage of daily usage, no wonder if cleaning this place can be a very challenging duty to do. When you are able to keep it dry, it will be an easier thing to do to clean it. So, what you need to pay attention and concern more dealing with these two most bacteria filled places, then? The first thing of course is by keeping it dry. Wet and also damp environmental condition is the best place for bacteria to grow and develop. By keeping it dry you can keep the growing of viruses and also bacteria on its lowest level. Furthermore, it is also possible if you use some things like toilet mats. Mats come with several of type such as sink mats and also Urinal Mats. By using mats you can keep your living environment to be much healthier.

What are the things that you can get from using mats then? The first thing you can get is that you can prevent odor in your bathroom and toilet. This is one of the most important advantages that you can get. No odor means there is no bacteria living in your toilet. So, how this thing could possibly happen then? It is because of in every urinal mats that are produced, there always be an anti-microbial material that will work in combating the development of the bacteria. Furthermore, the existence of mats inside your toilet and also bathroom will keep your shoes to be cleaner and also drier when you need to urinate.

Not only that it will keep your bathroom and also toilet cleaner and drier, it also will beautify your bathroom and toilet due to its attractive and beautiful design. It will create more comfort when you have to use it. There are two types of urinal mats. The first is non-disposal one which is suitable for you who want to have mat that could last longer. Another one is the disposal one for you who concern on environment. So, visit some websites providing these mats and be healthier people.

The principle of entrepreneurship still applies in principle, but the medium has changed drastically. This is probably the best time in our history to pursue entrepreneurship. Entrepreneurs are defying the logic and business rationale to make things happen individually. Gone are the days when you needed huge capital and veteran management teams to form companies and to wait for another several years to rake in the profit.

Markus Frind is the founder of a free dating site Plentyoffish . He spends about two hours a day in his house managing his website that gets twelve billion page views a year. He is the only employee in his company. By the way, did I tell you he makes -6 million per year with Google ads? Similar to Markus Frind story, another entrepreneur Dave Lu from FanPop also makes millions from his website. Fanpop is a place where fans of anything and everything can share and interact with fellow fans.

One trait that is common with both entrepreneurs is that each of them is leveraging on simple inexpensive tools that are readily available to most entrepreneurs. You might ask how these successful online ventures are relevant to the conceptual economy. Conceptual economy encourages entrepreneurs to use both left and right brains. Technical and subject matter experts like Markus and Dave are not focusing solely on their technical skills. Rather, they are conceptually leveraging on their technical skills as well as testing their creative skills to conceptualize, design, develop and market their ideas – in most cases on their own without any help.

Entrepreneurs must take the lead in conceptual economy. Corporate world usually takes the back seat when it comes to adopting new ventures and most likely will be the last group to realize and accept the arrival of this economy. Microsoft would have never thought of starting Facebook – the highly successful social networking site on the Internet.

What it took was the guts of a visionary young entrepreneur by the name of Mark Zuckerberg. Mark was a Harvard dropout with a great idea that was ahead of his time. At Harvard, Mark hacked the Harvard student records for fun and created a networking site for his fellow students. The site became very popular. In a short period of time, the concept has revolutionized the online social networking scene.

In the beginning, Facebook was popular among only High School and College students. With the recent change in their policy to include adults, the site has seen a huge surge, providing a great social and networking platform for small businesses and entrepreneurs. Recently, Mark turned down one billion dollar cash offer from Yahoo! validating the notion that this is just a tip of the iceberg and the upcoming opportunities are endless.

Potential of social networking sites like Facebook is far from being fully realized. Imagine the power of bringing captive group of individuals from around the world who share common interest, same values and complimenting business opportunities. As large businesses and traditional knowledge workers stay skeptics and try to analyze the concept, entrepreneurs have the opportunity to run with what they believe in and bring them to life.<

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People have started to realize that it is much easier to build a company with the right people in a borderless and globalized world. Some submitted ideas on Build-a-Company are almost a blank piece of paper with some volatile thoughts, other projects are almost ready to go or maybe even realized to some extent. There is no right or wrong, says co-founder Jeppe Hansen.

The key to any great company is the right people and Build-a-Company initiates that connection. It is a dating site for entrepreneurs. You know the right partner is out there among the thousands of members, you just need some help to find each other.

In a time of global crisis, people all over the world are still determined to fulfill their dreams in local or global setups. The website expects to grow to more than 50,000 members in 2011, which is a rather conservative target. Worldwide more than 64 million people between the age of 18 and 64 have been involved in early-stage entrepreneurial activity already, while the figure including people who think about becoming involved in entrepreneurship exceeds 500,000,000 people.

While Build-a-Company contains the drive and innocence of entrepreneurship, the global impact can be enormous. Creative forces are constantly being unleashed and everybody is moving in same direction. It is agile, borderless and even local business projects think global to gain competitive edges.  The site members want to create jobs or participate in interesting projects, find long term relationships with the right people and create wealth for themselves. Innocence or not; this is hardcore business dating and an enabler to create potentially millions of jobs.

So how do global entrepreneurs navigate an environment of recession? They innovate. The business models and opportunities are still out there – and the pay-off is still as good as any time, but the local pond does not cover the needs, so the entrepreneurs have started expanding their networks and utilize the internet to gain knowledge on how to develop global partnerships. Even if they think local in their business output, they think global in their delivery models. The devil is in the details, as the saying goes.

The status of Women Entrepreneurs and need for providing them

With basic entrepreneurship education for socio-economic empowerment.

In the present globalised scenario ,women entrepreneurs are playing important role in sustaining economic development and social progress .though women entrepreneurs potential has not been tapped due their lower social status .The government through its Five Year Plans has ensured development of  women entrepreneurship in india.With liberalization of economy in 1991 women entrepreneurs in Ranchi and in Jharkhand had various opportunities in the field of beauty and health care ,professions like chartered accountants ,education with opening of play schools and running lodges and girls hostels,boutiques,travel agencies and cafes in different localities of Ranchi.Some of prominent women entrepreneurs are Arti  verma ,Ranchi’s women architect .She  started her firm in 2001 with two clients and she has own firm associated with big projects.Anjali Jain  is a renowned chartered accountant ,who initially did not get client because she was women professional .But now she runs her own firm which has turnover of 15 to 20 lakhs per year. Sangeeta Raj and Geeta Das are successfully running schools in Ranchi.

Nisha Tulsiyan has earned the distinction of being the only womenentrepreneur of Dhanbad,successfully running a bakery business .She also teaches girls and women the art of cooking so that they get employment and are able to earn their living .

Women entrepreneurs in unorganized sector in rural area run small tea shops ,are fruit and vegetable vendors in Haat Bazaars of Mandar,Brambe,Kanke ,Murgu etc villages of Ranchi district.

Factors influencing Women Entrepreneurs.

The following are major factors influencing women entrepreneurs.

Economic independence.
Self-identity
Self-confidence
Self-motivation
Achievement of Excellence
Developing risk  taking ability
Equal status in society.
Greater freedom and mobility.

 Prospects for Women  Entrepreneurs.

Women are economic force to reckon with in rural as well as in urban areas contributing in their own way to the economic growth of the country and raising their social status in their household,villages,cities,towns and communities.

In the present global economy the women entrepreneurs have several opportunity.They require help from Government and Self Help Groups in terms of financing and training in business so that their creative ideas are realized  and emotional support and confidence from the family and society.

But they are certain drawbacks  which has to be taken care off.They lack credit facilities from banks ,basic education in business and marketing opportunities for their products.

To conclude in other words we can say emancipation or empowerment of women is essential prerequite for economic development and social progress of the nation in this era of globalization .

Significance of study

To paraphrase Gertrude Stein, “An entrepreneur is an entrepreneur is an entrepreneur,” and it should not matter what size, shape, color, or sex the entrepreneur might be. If so, good research on entrepreneurs should generate theory applicable to all. While research shows similarities in the personal demographics of men and women entrepreneurs, there are differences in business and industry choices, financing strategies, growth patterns, and governance structures of female-led ventures.

Methodology

Interviews from rural and  urban women entrepreneurs of Ranchi district.