Everyone wants to create wealth and sustain it for as long as they wish, but In order to create something out of nothing, there are some pointers you need to keep in mind.  Here are some ways to go by it;

#1: Resell something

You don’t have the capital to start a business but there are a handful of things you can re-sell , if you look around very well. Reselling products that has already been made has become one of the growing and successful business habits in the world today. Think about some channels such as Drop shipping, Thrift stores, and garage sales, as your potential avenues to sell your products. Drop shipping is a reselling avenue where someone else can help you drop the product at a very reduce rate. Garage sales, antique shops and flea markets also offer a huge avenue to resell something and grow your business from there.

#2: Trade batter to get what you need

It can be extremely hard to start a business without any capital fund, even if you want to start a freelance writing business, you still have to pay for internet and or pay for web hosting if you are starting a blog or website. One way of getting supplies for your startup business is by trading what you have with what you don’t have.

#3: Choose a niche you are versatile in

You need to identify a niche for yourself, if you want a business you can start from zero. Many services or business such as dog walking and baby-sitting may not require capital set up but you need to convince potential clients that you are capable of taking care of their pets or kids. You need to ensure that you understand all it takes to be successful in your chosen business, and make sure you have any necessary license or certification, if necessary.

#4: Utilize the low cost advertisement services

Certain business advertising services cost around 5$ just to launch your business online. Websites such as Fiverr and Elance, for example will cost you that little just to put your products and services on the internet and start receiving customers immediately. You may also watch out for some coupon codes at special websites such as Retailmenot.com, if you want to save even more on selling items such as clothes and accessories.

#5: approach a friend or family

Assuming you still don’t have sufficient capital to start your business, you can solicit the help of a family member or friend for a small loan. Banks and some other financial lenders rarely offer individuals with no collateral, any form of business loans, and the interests payable on a bank loan can be too much for you. Chances are that you will find a family member ready to sponsor your business plan , especially if you have a strong business proposal.

Starting a business out of nothing is possible , if you follow the right channel, and you have a plan to execute alongside your main goals and objectives.

 

Task prioritization is a necessary habit for entrepreneurs who aspire to be achieve their goals and objectives.   Task prioritization helps us manage our time more effectively. Most entrepreneurs often become confused when prioritizing , especially when it comes to “importance” and “urgency” of tasks. One rule of task prioritization is that you must prioritize urgent tasks ahead of important tasks, and at the same time, you need to dedicate your time to urgent and important tasks on daily basis. You need to rank your tasks according to their degree or urgency and importance, then allocate time to each tasks accordingly.

Task prioritization offers the following benefits;

#1 It reduces stress and increase productivity

Knowing that you don’t have to finish all tasks at once, or in a single day will give you a more flexible time to focus on the most important things first. If you don’t prioritize, you end up trying to handle too many tasks at the same time and that may result in failure and low productivity. When you achieve your tasks steadily and slowly, you end up getting positive results .

#2: It helps you create room to check your errors

When you don’t prioritize your work, you hardly have time to check for errors and that means  you will have little or no time to edit your works. When you don’t have time to check for errors, you spend extra time later when you don’t achieve the results you hope for. Task prioritization ensures that you allocate sufficient time to complete tasks and also make necessary changes in order to save time and become more productive.

#3: It gives you more time to relax

When you complete your scheduled tasks ahead of the time allocated, you have sufficient time to relax and recharge your body for future tasks. You may even allocate breaks in-between your tasks . Completing tasks on scheduled time will definitely allow you ample opportunity to check your friends and family or even indulge in your favourite TV shows and hobbies.

#4: It helps you avoid procrastination

Procrastination is the number one hindrance to productivity. It is an habit that forces you to re-schedule tasks until the final hour when it becomes very difficult to complete such tasks. If you want to become a successful entrepreneur, procrastination is one habit you need to deal with, because it forces you to waste your time and become lazy. Task prioritization helps you allocate task completion deadlines for yourself.

#5: It keeps you motivated

When you prioritize your tasks and see positive results, you will become motivated to handle even more tasks because the positive feedback you receive will motivate you. Staffs who have learnt to prioritize their tasks often end up getting promoted than those who are in the habit of procrastination. As an entrepreneur, it is quite easy to give up on your dreams and aspirations when you are not getting results,  but when you achieve little successes, you become motivated to achieve even more.

 

 

Having a proper way to communicate well is one of the major factors that define the success of the business.  You can be the best website designer, but if you cannot communicate well with the clients to effectively market your business then you are not realising the true potential of your business.  Some of the primary areas in business where effective communication is crucial include business marketing, networking, customer service, meeting and pitching.  Luckily there are methods that are proven effective to advance the communication of the businesses in Singapore.businesscommunications

Understanding Potential Customers and Clients

It is virtually impossible to create an effective communication with the audience without understanding their expectation, concern, interest, and needs.  This can be considered a golden rule in business.  The initial step that you have to take as a business owner is to understand what your audience values and the objection and concerns that they have.  After understanding them, you need to know how to approach them by conveying the essential messages. Your marketing needs to be concentrated on addressing and meeting their concerns and needs.

Being Prepared

Those who proceed in the stage of communication abruptly, without any concrete foundation will understand how important a comprehensive preparation is.  Your level of preparation will depend upon the importance of the communication and the particular situation.  There will be instances that will require you to be more prepared compared to others. Some communication that requires an intensive preparation includes business presentation, marketing, requesting for the increase of payment, answering the complaint of the client and analyzing the yearly performance.  Your preparation will involve a complete analysis of the message that you want to deliver, creating several scripts and asking the input of the decision makers regarding the message.

Effective Listening

Effective communication of the businesses in Singapore will require effective listening.  You need to listen first to the point of other before you can communicate efficiently.  You may start your conversation by opening it with a question, listen carefully to the answer of your client and you can adjust your response depending on his answer.  A huge part of marketing requires a thorough understating of the specific needs of the client.  By asking critical questions, you will be able to get an insight on the current challenges.

Professional Communication

Being professional can help you to win the contract.  Before you send your e-mail or start with your business presentation, take time to proofread, use a company domain e-mail address and talk competently and articulately.  Businesses in Singapore need to act professionally if they want to be treated as a serious business.

 

Finally, utilise body language and be confident when marketing your business.  Shake the hand of the client firmly, give a big smile and have an eye contact while you are talking to your client.  Just relax and stay as you are and everything will be just fine.