Given the chance to have your own techno business, discuss it's nature and target clients (3000 words).

reference:
http://sbinformation.about.com/cs/development/a/032303.htm
http://businessfactors.org/
http://en.wikipedia.org/wiki/Business
http://www.entrepreneur.com/

Given a chance to have a business at this early age is not just like melting an ice cream in your mouth. In short managing our own venture is never that easy. This discussion compromised the factors in order to have an elusive idea of business inclined with technology in the end of this forum. But I guess as an “baby technopreneur”, I will start my proficient techno business. A business that is easy to handle in spite of extremely competition in the world of economics. We have loads of thing to consider- experience, education, hard assets, and human assets all deployed in our wonderfully pure and extremely demanding production.

At the end f this article is the techno business which I prefer to create, the nature of the business and the target clients with the help of these following facts, details and information that follows.

To define first what is business, according to my research business is also known as a company, enterprise, and firm is a legally recognized organization designed to provide goods or services, or both, to consumers, businesses and governmental entities. Businesses are dominant in capitalist economies. Most businesses are privately owned. A business is typically formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Businesses can also be formed not-for-profit or be state-owned. If we are planning to have a business, we will stick to the fact that business is tough thing if we don’t have any backgrounds and perception to visualize how it works.

In addition from Wikipedia, there are four basic forms of ownership ---- sole proprietorship, partnership, corporation and cooperative. Sole proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. Partnership: is a form of business in which two or more people operate for the common goal which is often making profit. Corporation: is either a limited or unlimited liability entity that has a separate legal personality from its members. A corporation can be organized for-profit or not-for-profit. Cooperative: Often referred to as a "co-op", a cooperative is a limited liability entity that can organize for-profit or not-for-profit. A cooperative differs from a corporation in that it has members, as opposed to shareholders, who share decision-making authority. This will alleviate our idea to know the people or the management behind on it. I remember our last lesson in Accounting 2 which is partnership and corporation. Sir Dan said that it is better to have a partnership it terms of business to supervise. It is because if ever some future events or known as “contingencies”.

One factor that alleviate in creating a business is the factor is a simple plan. Of course it is important to think many times, plan for the best and sooner work your plan in building a business for you not to regret in the end. My fledgling venture doesn’t necessarily need a complex strategy document, just some basics. I guess you are wondering on why we still need a business plan. It is because the first step in moving forward. What are the things in avoiding a business plan short time, crowded area and wrong timing generating a business.

The subsequent elements are the main part of establishing a fledgling techno business bringing in success. These are the following:
• Choice Of Business. Why have you chosen this business? Are you passionate about this particular business, or just about being in business? We must love the business we are in. Loving and enjoying your own business wont get through the days when business turn against us. But loving a certain business isn't enough if the business we love is on the way out. One very important success factor is choosing a business that is going to be vital for as long as we can see. We have to be passionate about business to be successful, but take care not to fall in love with the wrong business.

• Education and Experience. If we are going to ask if education and experience, which of the two is more important? Then my answer would this be plenty of highly educated business failures, as well as many highly successful business owners who are not very well educated. Of course we have also considered the best side of success is those who are have adequate education and experience. But one of the entrepreneur once said that experience trumps education. When it comes to running a small business, it takes 25 years of industry experience over an industry.

• People. These are the management, founders and the key employees who make the company work. A well company with a weak and poorly functioning team may not valuable in terms of market place. Good team work is what a capitalized company needs specially with the usage of technology. Workers should be versatile to what circumstances may happen. The owner also a risk taker, ready in all the challenges. Good people are actually considered rare. External team is the paid professionals’ .Internal teams are the founder and the employee who make the company work.


• Creativity in Management. Being resourceful needs in every small business of an technopreneur. There are two hard truths about the management. Some entrepreneurs are not good managers. This means that several manager are not good in carrying or managing their workers. In cline with technology the project manager should good in their field. Some excellent managers don’t have a creative bone in their bodies. This indicate that good managers cant do their job well because they are only good in innovating ideas but never in leading without the help of his fellow worker. Honestly is the best policy here. Be honest with yourself. If you’re an entrepreneur through-and-through, sell what you create quickly. A techno business with technology be sure that all your products are reliable and trustworthy. Though there are times that equipment in cline with technology doesn’t function normally. So be pretty sure the warranty of the said hardware .If you're a hide-bound manager, congratulations: You probably run a nice, tidy ship. But will need to find someone who can deliver the creative organization will require maintaining a competitive advantage in the marketplace. I think this factor is the most overlooked of all of the success factors.

• The Industry .The choice of business. This factor encourages us to find out if the industry we are considering has high potential or low potential. Since we are requiring creating a techno business, we are going to consider the environment of what today is. So with that we are not in a low potential in industry. You're probably asking, "Why would anyone pick a low potential industry?" Well, believe it or not, it happen everyday. But only to those who don't do their industry homework. Low potential could e associated with the business owner. If we start a business that has high potential, but we lack adequate capital, experience, or other key elements of success, we have created low potential for the industry.
The definitions of high and low potential might seem intuitive, but not always.
High Potential Intuitive - Obviously, a high potential industry is one that's emerging, or at least hasn't spent too much time on the maturity. Much of the technology industry would fit this profile. A high potential industry is also one that affords a low capital investment, and/or one where you can operate with a small number of employees.
Low Potential Intuitive - A low potential industry is one that has already seen it's best days, turn of the 20th century, turn of the 21st century. Industries that are capital and people intensive, and/or highly specialized, are also examples of those with low potential.
• Records This one area where education usually surpasses experience. In recording data about every detail in your transactions, this is your evidence in checking the flow of the sales of your venture. For instance some prominent businesses need an accountant to verify and balance the asset, income and expenses particularly a time period. A business owner long on experience but short on education will typically be more likely to rely on instinct than documentation. The more educated business owner, on the other hand, will be more comfortable creating data and managing with it. Successful businesses must manage the information they collect: financial statements, customer records, sales performance and other categories. Educated business owner will usually begin in data collection, but we have to be aware that owner must have to apply those rules effectively in the marketplace. Either way, the educated and the experienced both must make a journey of understanding, and each one must decide which lane they have to travel to make this journey.
To be more wise and informative, the additional ideas are the 5 easy ways to start our Business Planning. Have we been putting off the business planning? The following are the five quick and easy way to start planning a business.
• Doing an Analysis. This analysis is definitely stands for weaknesses, strengths, opportunities and threats. These may possibly and normally occur in all aspects of the . Don't argue about what goes where. Don't criticize contributions. It's brainstorming. Just jot down the points and record them. Managers should follow the right strategies of the evaluation in the industry of technopreneurship.

• Compare plans to actual sales. Since we are not intellectually prudent about actual sales it is important to seek the help of the professionals in line with managing and comparing plans and strategies to actual sales.

• Be connected to the best people around. There are times that most business owners don’t have much talking even to their customers. As a technopreneur we must achieve the real conversation to our respective clients. In order to catch our customer’s attention most especially the good trademark which we try to possess. First make a good list. Of course we don’t have to cheat ourselves in talking only to the people we only want to talk. Stretch ourselves further and find some people who are interested to share their self too. To capture this, we need to get a fresh look. Ask them for their time, not as a survey taker but as the owner or manager of the business. Start the conversation with interesting questions. Still we need questionnaires which find much interesting seizing up their curiosity.

• Grasp the customer story. Not particularly their life story, but this part emphasize testimonial story from their past experience. Imagine our ideal consumer. Imagine how they find our business. Or the things that clients like about. What prompts him to look for. Where does she look? What does he tell other people about our business? Think about that, imagine that, and now you're planning.

• Visualize a better future. Where do we think our business might be years from now if the things go really well. What will our office or store or plant look like three years from now? What will be selling? How different is it from what you're selling today? Who will you be selling too? How different will that be from whom you sell to today? These are the questions that really amend our perception to visualize a better future. Some would call this dreaming. But dreaming ahead, dreaming the future is a vital part of business planning. Dream it, then focus, set the steps to make it happen. If there are things that should be develop, go on! Technopreneur is a good provider of ideas and a problem solver. A skillful risk taker.
There is an article which I read about young business handler. Rich Aberman 24 and Bil Clerico 25. They are a college student who faced their tough decisions they approached the end of their senior year at Boston College. Start an innovative online-payment processing business, or start a new job and grad school. In spite of all the doubts that they able to experience, they still have their WePay. It is their founded techno business which it is an online system for groups to manage their funds. . Imagine they raised $2 million from high-profile Internet investors such as Max Levchin, Eric Dunn and Ron Conway. Their negative perceptions doesn’t shallow there hopes and courage to maintain the business that they have. Why young entrepreneurs fail? According to a site by Scott Gerber, “Face it. Nothing will go as planned. Ever.”Failure is inevitable. Your world will be flipped upside-down on a daily basis, and even the best-laid plans--accompanied by the best intentions--can go belly-up.To make it as a business owner in the real world, you need to learn to fail like a pro, adapt at will and pay attention to detail in order to make informed decisions that will keep your business moving forward. Your ability to plan for the worst-case scenario and maneuver around unforeseen circumstances will be the keys to finding success as your own boss. If you want to start a business but don't know where to start, don't worry--you are not alone. In fact, given the new economic reality of our time, more people than ever before have found the "job" they thought was waiting for them doesn't exist. Others have come to the conclusion that they would rather create work they love, constructed to fit with their own life goals. No matter what the motivation is to be your own boss, you can start today. I once read an article by Tim Berry he said that ‘there is considerable confusion about business plans. Too many people think of a business plan as a document used to describe a business to potential investors. Sure, it works for that. In the real world, investors or not, a business plan helps you reduce uncertainty, manage your business, budget and keep a handle on cash flow”



Now I am much pretty sure what we have right now are the good and excellent ideas in building and initiating a techno business. Know I can propose to you the nature of my techno business where I consider from the mere facts of what I love, the things that I am best at and I irritants with. In the first place my techno business is in titled WEDDING GALORE. Since I was given an opportunity to innovate a venture, I don’t think this is much ambitious. Yes! A partly true. But who knows, we may wonder or doubt but my full dedication and determination will never let me down. What is this all about? Well to noted below the detailed information knowing this business.
Nature of this business. Wedding Galore is a wedding planner. It is a site which is relevant to weeding event. From detail to detail this website will alleviate the wedding couple to exercise their wants and choose what are the best stuff they dreaming of. Customer can choose or customize what they are looking for. Gowns, tuxedo, ring and even bouquet are all available in this site. All you want to do is to have an account to the web site. Of course in order to encourage consumer, I will post advertisements in popular socialize site or in classifying adds, fliers in some printed news papers and magazine. But I will build this available only nationwide. This will provide good service and deliver the following wedding products to the place where my customer is located for. Since this will not run unless without the use of internet. One of the requirements as a client is to have credit card. You might ask if what factor this Wedding Galore is unique of. Service is also counted as main or asset of a business in order to take linger the business in industry. A friendly site which is created a easy to access with. The following is the advantages of having this business:
• This will help to upsurge the interest of the couple. In Filipino tradition, wedding is the most prominent event which is never neglected yet giving its importance.
• This will decrease the time preparation of the partner to decide without much time to look for a receptionist. All they need is computer, internet and accounts to directly access this site. Those requirements are easy to look for most especially we are in a modern world.
• Looking for newest design in town. Wedding Galore have the best transient of simple yet elegant design.
Target clients. These are the couple, partners and lovers who are planning there wedding day with extravagant ideas.
How is this related to technology? It is because of the use of computer in creating and constructing the web pages in order to link this on website. As an manager, I will apply my own skill in constructing and maintaining the site every now and then. It needs several monitor to avoid constrains and accessibility of the site. Because once this will boost up years from now (who knows?) Wedding Galore can be offered across countries of course with numerous branch in different part of the world. I think that was futuristic!
Having a great job is useless if you are not fun to work on it. As long as you are happy dealing this business, venture will not possibly succeed. As an Internal team of Wedding Galore I have loads of different experience, knowledge and attitude to gain. I have to balance everything. From the communication skills up to the actual sales are all must be need to practice. A technopreneur wants to be his boss in his own way and style to consider and learn about more. And willing to take risk even hindrances will normally happen, still you have the courage to win your own battle.