_ Din Somethearith: Entrepreneurial success is not a phenomenon but passion
_Born
into a middle-class family in 1974, Din Somethearith was perhaps
entitled to be a very successful person. He has achieved many things in
life—education, job, and business.
He earned a bachelor degree of architecture from the Royal University of Fine Arts, Cambodia, in 1992. In 1999, he earned a master degree of urbanization from Asian Institute of Technology, Thailand. In 2007, he was offered a very high position with a very high salary at the UN-Habitat. There, he was a Habitat Manager for Cambodia, holding a huge responsibility for the country’s urbanization development program and human habitats. Somethearith was also given a special privilege comparable to a high-ranking government official. | Exiting event geared for business startup on 3 March
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Business Today
_ Stock trade expected in March, expert says
_Stock trade is expected to begin sometime in March 2012, as delayed from the expected late 2011, due to some unreadiness.
“It’s expected to begin trading of stock in March this year,” said Kuy Vat, chairman of Phnom Penh Securities Plc. and founder and CEO of Vtrust Property and Park Café. _Office Realty Continues to Grow
_Office realty sector has grown remarkably since the end of last year, as
it was once down in the dump during the economic crisis from 2008 to
2010.
“Until recently, the occupancy rate of office space in Phnom Penh has reached 95%,” said Chrek Soknim, general manager at VTrust Property. _ Cambodian Living Arts Granted Preservation Fund
_Cambodian Living Arts has been recently awarded the 2011 U.S. Ambassadors Fund for Cultural Preservation Grant this year.
Participated by the U.S. Embassy Chargé d’Affaires, Jeff Daigle, the signing ceremony to recognize the 2011 U.S. Ambassadors Fund for Cultural Preservation Grant, presided by Khim Sarith, Secretary of State Other Articles
_Optimism gears entrepreneurs towards goal achievement_Optimism is the essential element of successful entrepreneurs. Attitude
of the entrepreneurs must be positive toward their business idea or
products or services. That is, they must be optimistic towards their
idea.
_Determination drives entrepreneurs to succeed_Determination, of course, is another crucially important element of
entrepreneurs. Without determination, you will never take any action to
pursue your business idea because you might procrastinate....
_Innovation creates the opportunity for entrepreneurs_Entrepreneurs must be innovative. By being innovative, entrepreneurs
must come up with new ideas or methods in order to grow their business.
_Through persistence, entrepreneurs can make “no” to “yes”_Without persistence, entrepreneurs will not succeed in their business.
Persistence is the heart of every entrepreneur. They must persist, for
instance, failure and they never accept “no answers”.
_Hard work and habitual system is the heart of entrepreneurial success_Entrepreneurs must work more hours than employees. Because running a
business needs a lot of effort and actions, entrepreneurs must work
overtime and overcome several challenges.
_Entrepreneurs are enterprise leaders_The fundamental element of entrepreneurs is leadership. Successful
persons always take the first step ahead of others. Entrepreneurs alike
lead and pave the way in order to follow their dream of and passion for
their business ideas.
_It must always be a risk, but entrepreneurs minimize it_Risk is the main element of entrepreneurs. Because success lies outside
the comfort zone, successful entrepreneurs must step out of the comfort
zone to succeed in becoming entrepreneurs. But out of the comfort zone
is the “dangerous” zone,.....
_Vision makes up a successful entrepreneur_All entrepreneurs have their own vision. A vision is the dream of
becoming a certain person or achieving something. For instance, you’re
an IT specialist and you love computers. Because of this, you have come
up with an idea of providing computer repairing.....
_The power of 3-beliefs_Belief is the focal point for entrepreneurs. They must have a
self-belief about their ability and especially products or services.
They won’t be able to persuade their business partners, investors,...
_Income analysis: The linear-based incomes_If
you want to become financially rich at your young or adult age, then
you need first to understand the income sources and their probability of
bringing you up there—wealthy life.
_Financial richness possible through the leverage system_Becoming
financially rich is as hard as getting your name ranked top or perhaps
1st in class. Because only 3 students will be considered to get the top
ranks, you have to vie for the first, second, ...
| Entrepreneur Today
_ Hoem Seiha Wins Asia Pacific’s Best Media Award
_Hoem Seiha, once was an economic writer at Economics Today, has won a
media award on best reports on Adaptation to Climate Change, which is to
be awarded by the United Nations Environmental Program (UNEP) based in
Bangkok, Thailand.
_ No ordinary entrepreneur: Fred Smith proves his professor wrong
_Fred
Smith, or Fred Sidney Smith III, was born in August 11, 1944 in Marks,
Mississippi. He is the founder, chairman, president, and CEO of FedEx,
originally known as Federal Express, which is the largest express
deliver company in the United States.
Startup Guides
_ Capitals and firsthand skills are the main needs for a business startup
_Starting as an entrepreneur to peruse your dream of establishing a
successful business is not that easy as working for an existing company,
where you mostly follow the systems and do not need to have a headache
about all other tasks to be shared by your colleagues around.
_ Entrepreneurs say startups don’t always need capitals
_Even
though financial capital is absolutely necessary to enable a business
startup, truly genius folks can do businesses with very little money.
Some started with a small base and have grown to multi-million-dollar
companies. However, it’s not as easy as the case, but it’s been already
possible.
_ How & where entrepreneurs can secure startup capitals
_To
many people, starting a business may be a bit overwhelming.
Entrepreneurs not only need to define their value proposition but they
must also setup operations, offer economically viable solutions, gain
credibility, build a customer base and generate revenues.
_Must-have skills for entrepreneurs
_Being
an entrepreneur takes more than a terrific business idea and visions of
success. Concrete skills in areas like finance, marketing,
communication and negotiation are common among successful entrepreneurs,
many of whom consider themselves jacks-of-all-trades because they have
to wear so many hats to successfully start and operate a business.
_Essential steps for a small business startup
_Starting
a small business requires determination, motivation, and know-how. Here
are the critical steps to provide you with the know-how to have a
successful small business startup:
_Study finds some common factors of the success for entrepreneurs
_A 2009 study by Kauffman Foundation based in the United States of
America found that 3 common factors contribute to the success of
entrepreneurs. The 3 factors are experience, management, and fortune.
_ Ten characteristics entrepreneurs must have
_Entrepreneurs start their own business as a way to create wealth,
following their dream of excellence and passion for certain business
ideas. They typically have a leadership attitude that leads them to
leading, influential and even financially successful persons.
Financial Education
_ To become rich, you must know where wealth lies
_If you want huge wealth or become financially rich, you should first know where the wealth that makes you rich is.
All people in the world always dream of becoming financially successful or rich—creating as much wealth as possible so that they can live a wealthy life-style and get most of what they desire. _ Income sources: the model of cash flow quadrant
_Robert
Kiyosaki, the author of financial advisory books, differentiated 4
sources of incomes. In his income classification, the Cash Flow
Quadrant, 4 cash flow sources are “E”, “S”, “B”, and “I”.
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