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How To Find A Business Mentor?

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For many people, it can be difficult to find that one person who can help them move forward in their careers or business. Finding a mentor can be an intimidating process, of course, and it’s also hard to know where to look. However, finding the ideal advisor – either for your business idea or career – might be a lot easier than you first thought. In this guide, we’re going to explain a few things about mentors and, more importantly, how you can find and approach them to get the solid business advice you crave. Let’s get started right away.

What makes a great mentor?

First of all, what can a business mentor teach you? The simple fact is that they bring a lot of experience to the table, and you will be able to bounce a lot of ideas around with them. They will have a great belief in you and your idea. They will be able to focus your mind on what’s important and advise you on strategy, networking, and establishing your vision. However, before you establish a relationship with a business mentor, it’s important to understand what you want, which we are going to go into right now.

Why do you need a mentor?

Looking for a guide is going to be a lot more difficult if you are unsure of why you need one. The first step to doing so is to establish some key business goals – what are you trying to achieve in business, and what are you looking for to help you? Do you need a good listener to act as a sounding board, for example, or are there specific business tasks that you need help with – marketing, or networking, for instance? Also, bear in mind that it’s possible to have more than one mentor if you need it.

Selling yourself to a mentor

Make sure that you have a simple one-liner memorised that explains who you are and what you do. It’s also worth considering brushing up your small talk skills. You will need to appear enthusiastic, inquisitive and incredibly keen to learn. You also need to leave your ego at the door – no one will consider helping you if you seem unwilling to listen properly.

Establishing a connection – start close from home

If you are looking for a mentor, you need to establish a connection. It could be online or on social media, or it could be in person. But one of the best things you can do to start looking for a business mentor is ask your wider family and friends. It works on two levels. First of all, if you have a family member or friend who already owns a fruitful and long-running business they could be an invaluable source of information. Sure, different industries require different skills, but ultimately all businesses need one important thing: getting results. And the theories and methods of getting those results don’t change much between industries at all. The second way family and friends can help is that the six degrees of separation theory come into play. They might know someone who knows someone else – and before you know it, you could be going out for a dinner meeting with Bill Gates.

Network like crazy

Not everyone has family and friends with a fantastic black book of business contacts. And if this is the case for you, it’s important to get yourself out there. Try attending local business events and getting to know local business leaders – it could prove invaluable. Trade shows are another great opportunity to meet people from all walks of life, and as long as you follow up with your new contacts after the event, you have a chance of striking gold. One thing to bear in mind, however, is that you don’t want to plump for the first person that shows an interest. Finding a good and long-lasting mentor won’t happen overnight, and it requires a lot of meetings and relationship development to know if you both fit each other.

Spread your wings

If you are a local business owner, don’t be afraid to approach others in your industry who do business elsewhere. As long as you aren’t treading on anyone’s toes, many successful owners will be happy to lend you an ear. And they might even be able to recommend someone who would suit your needs. However, bearing in mind that the Internet is making marketplaces smaller than ever, be careful about who you choose to contact – some people might see you as a threat if you intend to have a significant online presence that serves a national market.

Pay for it

Don’t be ashamed of paying for a business advisor or consultant. Ultimately, this is your easiest option (if you have the budget) and it’s a far quicker method of tapping into expertise than developing a long-term relationship. As long as you research each potential consultant and are sure they can bring you value, paying for mentorship can work.

Developing the relationship

Whether you are paying for it or not, it takes time to build up a healthy relationship with a mentor. Once you have decided you are a good fit for each other, you will need to take some time to find out how the other works, including identifying each other’s strengths and weaknesses. You will also need to agree on a workflow – and, of course, any potential payment terms. Make sure that you draw up a schedule that outlines how often you will meet and determines some short-term and long-term goals.

Completing the process

With any luck, your relationship will blossom and result in success – for both of you. It might be the case that you have developed a friendship, but ultimately you should be in a position where you can be a mentor to someone else, rather than the mentoree. But what if you haven’t’ achieved your goals? And what if the relationship hasn’t worked out as well as you had hoped? It’s best to reduce contact over time, and always be polite and respectful. Thank your mentor for the things they have helped you with – there will always be something you have learned. And if you do decide to find another mentor, make sure that you don’t leave your previous contact feeling aggrieved – you never know when it could come back to bite you.

Further Resources

How to Be an Amazing Mentor: 12 Ways to Make a Positive Impact on Others
What Makes a Good Business Mentor
How to be a good mentor (TED Playlist)
7 Traits of a Great Mentor

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Management

Business Tips You Need To Know As a Small Business Owner

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There are various strategies that business owners embrace to stand out in the market. From staying focused, getting creative, and finding ways to surpass competitors, these strategies boost businesses to greater lengths.

When it comes to operating a small business, you need to adopt a flexible approach as customers build trust with you. Thankfully, due to an upsurge of digital commerce platforms, it is much easier to get valuable business tips online. Let’s discuss some prominent business strategies you should consider for repeat success.

6 Tips For Growing Your Small Business

Make Realistic Goals

The biggest hindrance that pulls down businesses is lack of practical objectives. Sometimes, in the excitement of a new business, owners come up with huge, unattainable goals. The best approach to use is to break down your progress in a matter of months and years. For instance, you can forecast the number of followers you want to attain on your Facebook page after a month, one year, or even a decade. When you understand what you want to achieve, it is easier to navigate your business operations as you pursue it.

Concentrate on Your Strengths

There is a history of companies using different approaches to success. The strategy may work better with big companies that can afford diversification but may fail with small enterprises. As a small business manoeuvre through the growing process, it is wise to concentrate on one thing at a time.

Remember that each specialization costs money, for example, you will need to invest in marketing and advertising and if relevant, also branding and packaging. The best thing to do is to focus on a profitable niche and work around it for your breakthrough.

Understand the Legal Requirements

In any business, there are various government rules stipulated based on size, industry, and location. There is a high chance of facing heavy penalties if one fails to follow the rules to the letter.

The laws start from the business launch where you have to register with the state. You then have to pay your taxes on time and keep records. When you start hiring your employees, there is also a list of regulations that you must follow to protect both of you.

Keep in mind that as your business grows, some of your workers may violate some of these laws. For example, by illegitimate means, they may try to embezzle funds from your company. In such situations or any other instances that involve the law; your business will benefit from engaging a reliable lawyer to handle it for you.

Learn to Delegate

As you start running your business, you may find it convenient to handle all departments. However, as the business thrives, it is a struggle to balance everything without burning out.

When you are not in the right state of mind, you may not manage to push your business to the success you desire. As a result, your reputation may get affected as you head to losses. That’s the worst mistake for any type of business and especially a growing one.

As a business entrepreneur, you should introduce a tradition of effectively giving instructions to your juniors and partners. By using that approach, your business will progress well, even in your absence.

Surround Yourself with a Reliable Support System

As a business owner, operations may isolate you from what is happening around in the market. The main focus of keeping in touch with other business owners within your niche is to share in-depth information beneficial to all. From such interactions, you may learn the techniques they used to enhance their operations.

Sometimes, you can also seek advice on the best suppliers or vital documentation processes when branching out. Do not fear to share your failures with dependable people who can help you out. It might not be easy to get time to network, but if you manage to maintain trustworthy contact, your business will thank you for that.

Strive to Satisfy Your Customers

As much as you invest immeasurable time and money in your business, without customers, everything is a waste. A happy customer will always come back and refer to others. For a satisfying experience for all, you should initiate fulfilling approaches in all departments. Start by coming up with a customer care desk that handles queries and complaints.

Take advantage of online platforms to reach out to your old and potential clients. You can also get out of your comfort zone and introduce creative and amusing ways to attract more clients. For instance, if you are running a hotel, you can give discounts on specific menus or introduce a happy hour.

Make it a habit to follow up on your customers and confirm their satisfaction with your services or products. In the end, your customer-focused approach would pay off as you significantly reach out to please them.

Did you enjoy our exhaustive guidelines on how to run your small business effectively?

Follow our future advice on how to enhance your business while avoiding grave mistakes within your industry.

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Startups

Top 10 Retail Business Ideas For 2020

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With so many businesses ideas popping up, it has become very hard to choose one from. You obviously want to have a business that is not profitable but also well established in the long term.

You may find new retail business ideas which are really getting popularity among the audiences. But before going for that kind of business, take some time and think about it. Where this business will stand in the upcoming future.

The failure rate of the new business is more than 80%. These 80% business does not live long enough to see through the first year of their life. This is all due to the fact that people don’t plan for the future while setting a start-up.

In this article, I have talked about many business ideas that will not only let you earn money but also it will be a long-term business.

1. Food truck business

If you are passionate about cooking and want to discover new tastes. Opening up you own food house can be the prime choice.

But only a few are very lucky that their idea gets the approval for loans or funds. Not everyone is lucky to be able to open a restaurant.

Don’t be disheartened, if you don’t have enough money to open a big restaurant, open a food truck. It is the best choice if you have a low budget for investment.

You just need to have enough money to buy a food truck and you are all set to go. This way you can also know that is your food are to the likings of the audiences.

And if you are successful in the food truck business, you can think of opening your restaurant in the upcoming future.

2. Bakery

Opening a bakery business is the best home-based business choice. If you are good at baking stuff and you are confident enough on your baking skills of making delicious cookies and cake which not only tasty but also visually appealing.

You can either start this business from your home or you can tie-up with the nearest retail shop for sales.

You may consider this as a home-based business plan but don’t forget to have a proper plan model strategy before going with it.

3.  Coffee shop

A coffee shop is can be the best choice if you are a coffeeholic person. Since the past few years, the coffee shop has seen rapid growth. Earlier people use to hang out with families but it has become a place where the important meeting takes place. People come to coffee shops to discuss important matters.

If you are serious with the coffee shop you need to keep in mind that you have visually enticed your audience with attractive coffee mugs and menu.

4.  Ice cream stand

If you are looking for part-time business ideas then opening an ice cream shop can be the perfect option for you. This retail business can bring you huge profits because its targeted audiences are all the age groups.

You can either have a fixed shop or a mobile shop. Anything will do. Ice-cream is something that is visually appealing and is the most sold product during summer.

5. Cooking classes

Do you love cooking? And are you confident in your cooking skills? If yes then you can sell your skill to others or teach them to be a proper cook.

With an increase in restaurants, it is more convenient to eat at any restaurant than to cook for yourself. This habit of people has robbed them of their cooking skills.

You can fill that gap in their life by teaching them the right cooking skills.

It is a low budget start-up. Once you start rising in popularity you can start your own food training centre.

6. Home food delivery

People nowadays want to get everything with just one click. They want everything to be delivered at the home. One of such services are the home delivery services. You can provide these services for any food product.

You can tie-up with the restaurants with your services and can give them the home food delivery services. You can even start your own home-based restaurant with a home delivery service only. And if things go well you can take it to a large scale in the future.

7.   Website design

The website is the face of every business in this digital world. Every business wants to have its own website which can represent their business and the brand on the online platform.

If you have a talent for creativity and you are interested in investing that talent into making good visually appealing website. Then this can be the best retail business idea you can look for.

It is a home-based idea with a minimum requirement of a laptop and internet connection.

8. Logo maker

Logos are the symbol of your brand. People can recognize you even without your name. A good logo maker is in demand in the industry,

If you think your self-competent enough with your designing capabilities and creative ideas. You can go for a logo maker as a career option.

It is also a home-based retail business idea that can bring you fortunes.

9. Event planning

If you are a person who is extremely organized and like to keep things in an organized way. Then event planning can be the best profession for you.

People are too busy to organize their events properly, so they hire experts who are proficient with their jobs.

If you want you can specialize in one kind of event planning or go all in. The best part of this retail business is that you can have the same customer number of times. And if you have a great relationship is good with them you can get more referral customers.

10. Photography

Capturing the best moments has evolved from being a hobby to business. Everybody wants to have their best moments to be captured. Capturing images and photos and then reliving it. It has become an emotion for the people.

This photo has a huge market. In 2015, digital photography was estimated at around 77 billion; it is expected to touch the 111 billion mark by the year 2021.

Conclusion

With so many businesses ideas popping up, it has become very hard to choose one from. You obviously want to have a business that is not profitable but also well established in the long term.

You may find new retail business ideas which are really getting popularity among the audiences. But before going for that kind of business, take some time and think about it. Where this business will stand in the upcoming future.

In this article, I have talked about many business ideas that will not only let you earn money but also it will be a long-term business.

Author bio

I am Ariana, a freewheeling Freelance Blogger who likes to explore the digital and technological world of Search Engines and Social Media.  Ariana is the co-founder of smart business daily.

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Startups

Essential Guide To Start A Detergent Powder Making Business

detergent

If you’re thinking of starting a business, one of the most promising industries today is the laundry washing powder or the detergent powder. Plus, anyone can start a detergent making business. You don’t need significant capital investment to make it work.

Are you considering it?

If you are, here’s an essential guide to starting a detergent powder making business.

About Detergent Powders

Washing and detergent powders are surfactants. These are the most crucial ingredient in washing and cleaning purposes.

In general, there are two types of manufacturing technologies today. There’s the mixing of raw materials, and the other is spray dried. However, you have to keep in mind that the first option is your perfect choice for large-scale operations. It even demands a huge capital investment for you. The second one is the easier option, which is the mixing formula. Here, you can easily start your manufacturing process with a small amount of money.

Detergent Manufacturing Business

Market Potential

In recent years, demand for detergents has increased as with the growth of population. In general, the detergent powder segment only caters to three different categories, which are the lower, middle, and higher-end markets. As one of the necessities of people today, the demand for detergents is slowly increasing.

Because of rapid urbanization, there’s more and more demand for detergent powders in sachets and small pack sizes. Aside from that, there’s also the increasing per capita income, which helps in boosting the population’s purchase capacity. Furthermore, a very wide range of options in hunger for good living, health awareness, and choice are just some of the main reasons why detergent powders are growing in demand.

Also, rural areas are replacing detergent cake with washing powders! Aside from domestic consumption, these products also have different usages in several industrial sectors. In the small and medium sector, you can find a good investment opportunity in the detergent industry. Thus, washing powder manufacturing is quite a lucrative opportunity for those who want to start a business.

Plant Setup and Machinery

Initiating a small-scale detergent powder manufacturing in only around 1000 sq ft area is possible. But the final area required will depend mostly on your desired quantity output.

Plus, you still need to secure your factory location with careful planning. It must have transportation, electricity, and water nearby.

Machines

These are some of the types of equipment that you will need in manufacturing detergent powder:

  • Reactors
  • Pulveriser
  • Weighing Scale
  • Blender
  • Neutraliser
  • fine screen
  • Machinery
  • Separator
  • product quality
  • mixer

You can find most of these on Unifite.

Formula

Each company has its detergent powder making the formula. Depending on your target market demographic, you have to craft a unique formula. You can source the needed manufacturing technology from several researchers and schools.

To help you, we’ve put together this reference for your basic formula and ingredients percentage.

IngredientsPremium grade (Wt, %)Popular grade (Wt, %)
85% active LAB acid slurry1815
Sodium carbonate (soda ash)3532
Sodium metasilicate2No
Alkaline sodium silicateNo7
Sodium bicarbonate1010
Sodium Sulphate (anhydrous)2025
Sodium tripolyphosphate107
Sodium carboxymethyl cellulose1.51
Phthalocyanine blue color or oil-soluble yellow color0.10.1
Optical whitener0.30.2
Perfume0.10.1
Water32.6

Manufacturing Process

Here’s how detergent power is manufactured.

  • Using soda ash, neutralize the acid slurry.
  • Then, so that the reaction is completed, keep the mixture for about an hour.
  • Mix all the other ingredients like Colours, Glauber’s salt, CMC, STEP, Perfume, TSP, and many others.
  • Once done, continuously mix everything so that your ingredients blend to the neutralized acid slurry.
  • Afterward, dry the mixture.
  • Lastly, pack your finished product. Make sure to use proper packing.

Packing Your Detergent Powder

Aside from the raw materials above, you have to look for suitable packing for your detergent powder. In general, these come in a poly pack. Then, pack them into quantities of 250 grams, 500 grams, 1 kilogram or 5 kilograms.

Make sure to think of the packaging thoroughly since these have important aspects of marketing. You have to design them with the customer in mind. Also, every one of your basic details should be put in the packets. These include the MRP, quantity, manufacturing date, customer care number, company address, and many more. Don’t forget to arrange the outer cartoons for transportation and bulk packaging.

If possible, make sure to choose eco-friendly materials for all of these. Don’t contribute to global warming.

Conclusion

All in all, if you want to make a commercial detergent powder, you’ll have to read a lot. Get to know some basic knowledge. Get a book. This is one of the best guides for you. We’d recommend the “Soaps, Detergents And Disinfectants Technology Handbook.”

Detergents refer to dish detergents or laundry detergent in comparison to hand soaps or other cleaning agent types. You can find in the book some technology fundamentals of washing saponified soap or soap making. Plus, you can see here  total soap making operation, earth bleaching oils, construction materials for plants that can be used for soap making, chemical bleaching, framed soaps manufacturing, fatty acids, floating soap bars, soap mixing, chips and flakes manufacturing, Mazzoni process, manufacturing of milled bars, chemicals from detergents and soaps, antiseptics and disinfectants, dry cleaning agents and many more.

Furthermore, you’ll find in the book some formulae, processes of different types of disinfectants, soaps, and detergents. These products all have a good demand in the domestic and international market. For entrepreneurs venturing in this field, this one’s a very food scope. You will find the book invaluable if you want to diversify into this field.

Plus, you can even produce liquid detergents and detergent cakes from your detergent powder manufacturing unit. How awesome is that!

If you’re still thinking of starting your own business, it’s best to start now. If you keep doubting, you won’t reach anywhere. If you fail, it’s okay. You learn from your mistakes. If you succeed, then well and good. Don’t stop learning.

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