Monthly Archive: April 2017

How You Can be a Trusted Entrepreneur

If you would like to become a successful entrepreneur, one of the things that you should work on is how much people trust you. Even if you sell the best items and even if you have formulated awesome services, people will not give you too much attention if they do not trust you. Without the consumer’s trust, you can expect the following:

  • You will not be able to secure deals with other big brands and business partners.
  • You will not be able to sell the items you are selling.
  • You will not become recognized in what you are doing.

You have to accept at this point that trust is one of the hardest things that you can gain from people. This is one thing you should learn too. You always have to do research and you cannot trust people blindly. You need reasons and proof to trust the people that you are going to partner with.

How You Can be a Trusted Entrepreneur

When you are an entrepreneur, you are your own boss. This means that you have to do everything in order to get all the cards, registrations and licenses that you need. It does not mean that just because you are not working in a company, you will not make the effort to get your own healthcare insurance anymore. For more details about health care insurance and how it can benefit you, check out Alliance and Associates. You will be convinced of the reasons why you cannot forego getting healthcare.

Once you are already secure with your permits and other things, you can start working on being an entrepreneur who can be trusted. Here are a few things you can do:

  1. Be Transparent

To become transparent, you need to be open to communicate with other potential business partners and you have to do this in a truthful manner. This is the same with trying to speak to customers. You need to show them what you can do so that they will eventually believe in you and trust you.

  1. Be Confident

In order to become confident, you need to know when to draw the line with going with the flow and doing things on your own. You can go with the flow for a certain time but once you see an opportunity arise, insist on doing things your own way. This is a risk that is worth taking especially if you eventually get to become popular and trusted because of your decisions.

  1. Be Humble

It does not mean that just because you made one correct decision and have become fairly popular, you will start to feel like you can do no wrong. You need to ask for feedback from other people especially consumers who have purchased from you in the past. If there are some things you need to improve on, do not feel bad. This is normal. Learn from your mistakes and start to get better. Get to know other personality traits you need here.

You have to remember that in the things that you do and in the midst of all the chaos that you are going to go through because of the business, remember to stay calm. By doing this, you can get through stressful situations with confidence and grace.…

Using Your MBA in the Automotive Industry

Valued at $5.1 trillion two years ago, the automotive industry could prove a lucrative area to focus your MBA prowess in. Using your MBA in the automotive industry might sound like a bit of a sellout. After all, most people who go to school for their MBA dream of becoming CEOs and such. But, who’s to say those kinds of opportunities aren’t available in the automotive industry?

Even shade tree mechanics understand the value of research and will undoubtedly read comprehensive obd-2 scanner reviews before making a purchase. And, if you are getting into the automotive industry you should understand those kinds of things. But, since we’re not here to give you a mechanic’s lesson, we’ll simply tell you that these scanners reveal what the “check engine lights” represent. That helps the mechanic determine what needs to be done to keep your car functioning properly. So, now it’s time to get your MBA functioning properly in this arena as well.

Using Your MBA in the Automotive Industry

Let’s Get Serious About the Auto Business

Mercedez-Benz France’s business development manager. Gregory Burgues, got his start in the industry while in engineering school. But, he chose to return to school to get his MBA after working for BMW France. He felt this would offer him more opportunities. He is currently hoping to move up the ranks within the company in the near future.

Another gentleman, Sushant Kumar, got his MBA to help stakeholders get better benefits out of the agricultural machinery industry. He was specifically focused on tractor and construction equipment. While that might not sound like an automotive area, the truth is, these items are vehicles too. Thanks to his MBA, he has been able to help transform the business model to a more profit centered approach. Learn more.

And then there’s Henry Asenso. His employ has been within the automotive parts sector of the industry. He chose to pursue his MBA because he saw the potential for entrepreneurialism within the parts sector. Of course, he is hoping to makes strides towards management with the company he is currently employed by, Unipart Automotive.

The Advice You are Looking for

Since we’ve introduced you to these successful MBA recipients, we thought it might be beneficial to offer you the advice you are looking for. Therefore, we have taken some of the information recorded in this article to help you determine whether the automotive industry is right for you:

  • Burgues says that he suspects MBAs will, “help change the future thanks to their very open-minded visions.” He believes that the abilities they have developed help them adapt to a variety of personalities. And, he adds, that the enthusiasm MBAs exhibit will be the catalyst for innovation and design.
  • Kumar agrees that MBAs are valuable in the industry. He is specifically interested in their ability to work on sales teams and thereby increase market shares for the company. He also thinks they will be useful in the area of branding and improving the efficiency of the supply chain.
  • Asenso was less than enthusiastic due to the fact that there are very few, if any, programs specifically designed to assist an MBA wanting to enter the automotive field. However, he did admit that many businesses utilize MBAs for short term projects and he hopes those will lead to future opportunities.

If you’ve been thinking about getting your MBA, but you’re not sure what field is best suited for your interests, feel free to read this.…

When Applying for an MBA, Own Up to Past Mistakes

Nobody likes bringing up their past, and especially if they are mistakes, academic or otherwise. This is particularly so when one is applying for a place at an über-competitive business school. Failing to address obvious weaknesses, such as a low GPA or gaps in employment history, does more harm than good in the end. It is important for one to be upfront about their foibles since it is the best way for them to know how to tackle them in the future, and it will actually increase chances of admission. Below are some of the things that MBA applicants face and how to deal with them.

When Applying for an MBA, Own Up to Past Mistakes

Explaining a Layoff

Many people think that if they tell about their lay off, it will most likely reflect negatively and raise a red flag. It is likely that the committee will notice the employment gap that you’ve been out work. If I were to bet, I would bet that they would wonder what you did during that time since layoffs are common nowadays based on the economic recession that many countries are going through. Keep the explanation short and sweet and draw the attention to how you bounced back, whether you went ahead to open your own business, or went to volunteer.

Handling a low GPA

A low MBA would make the admission committee wonder if you would be able to handle pressure from the MBA. The best way to handle this is to take pre-MBA courses to boost your quantitative profile and remove any concerns about you not being able to handle the MBA.

Addressing a criminal record

Many M.B.A. programs ask a person to explain a mistake they made, or discuss a challenge you overcame. The most interesting candidates have faced difficulty and learned from it, preferably changing their behavior for the better. We took a youthful mistake and showcased a person determined to improve her life.

Admissions officers look for applicants who will succeed in their particular program, as well as in the world after graduation. Showing who you are, your potential, and even how you have overcome blemishes to your otherwise perfect record gives the school insight into your potential as a student and as a future business leader. We all fail sometimes, but the trick is to try to look at your failures through a fresh lens and figure out the good that came from it.

Take a look at the way that Stephen Collins tackled his situation. Stephen Collins was an actor in a popular television show, 7th Heaven, where he played a reverend and father. More than twenty years ago, he had sexual contact with minors, and since then has been undergoing therapy so as to understand why he did it, and how he can keep from repeating the behavior.

It was not Collins idea to have the information come out the way that it did. He was undergoing therapy with his ex-wife in an attempt to salvage their marriage. During one of the sessions, where he made his confession, she secretly recorded everything and then later released the tape to TMZ, bringing everything to the public front. What we should see here is that he had not been going to therapy regarding his acts due to public pressure but due to personal pressure even before the information became public.

This is what he had to say to Katie Couric, “I had dealt with them [the sexual incidents] very, very strongly and committedly in my private life. I think I’m a human being with flaws and I’ve done everything I can to address them.”

He also said, “I deeply regret the mistakes I’ve made and any pain I caused these three women. I admit to, apologize for, and take responsibility for what I did.”

He has been very sincere in his efforts to make things right as he addresses his shortcomings. This is one of the very reasons why we should forgive and support him. It is like for the past 20 years, he has been in a prison of emotional torture at his deeds. He has done everything right, and this included not apologizing to his victims since that would have opened up old wounds that might affect their lives. There are at least three ways as we will mention below:

  • Admitted to God, to himself, and to another human being the exact nature of his wrongs.
  • Made a list of all persons he had harmed, and became willing to make amends to them all.
  • Made direct amends to such people wherever possible, except when to do so would injure them or others.

He came to terms with what he did and acted to make it right. This is the very same way that MBA students should be. They shouldn’t try and hide their past mistakes but rather work at correcting them.…