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Entrepreneurship

Top 7 Travel Destinations for Entrepreneurs

entrepreneur travel destination

One of the perks of being an entrepreneur is that you’re your own boss.  We present top travel destinations for entrepreneurs. You, and only you, are responsible for making sure things get done. One of the perks of owning your own business is that you get to travel extensively, if you want to. Sometimes you have to travel for business purposes. If you’re thinking about expanding your operation, you may need to travel in order to find out if the place you’re considering has the right kind of environment and can offer you the potential for economic growth that you’re looking for. Following are a few travel destinations for entrepreneurs.

Top Travel Destinations for Entrepreneurs

India Is Growing

India is a very large country, with an ever-growing population. It also has a fast-growing economy. It is a nice place to travel, because the country has a rich history. You will be thrilled at the numerous historical attractions that are available for you to see. The country of India will not only be able to provide a little amusement while you’re trying to nail down a business deal, but you may be able to enjoy the profits from your visit for years to come. Their economy is lively, and many companies are finding it profitable to move all or parts of their business to India.

China Has a Booming Economy

The most populous country in the world, China, also has a tremendously large number of people who live in poverty. They also have one of the fastest growing economies in the world, and many of the poor are finding ways to cross the line from poverty to the middle class. These workers are extremely productive, which makes the country attractive to entrepreneurs. The Chinese government also welcomes new businesses, because they help the economy to grow. Many business people travel to China for a vacation, only to discover that the country has a lot to offer entrepreneurs.

Hong Kong Continues to Thrive

Although technically part of mainland China, Hong Kong remains vibrantly independent, at least as far as doing business is concerned. As the economy of the mainland continues to grow, they get a boost from the ongoing prosperity of Hong Kong. For all intents and purposes, Hong Kong continues to operate as an independent country, and their economy reflects the ingenuity of its citizens. All of these factors combine to make Hong Kong a great place to consider expanding your operation.

Try Mexico to Keep Costs Low

One of the primary reasons that many businesses are moving all or parts of their operations to other countries is due to less expensive labor costs. Mexico is a prime example of a place that offers attractive labor rates for businesses. It is also an interesting place to visit purely as a tourist. The economy is attractive to entrepreneurs because they may be able to produce their products cheaper.

Singapore Is On the Rise

A good place to visit for an entrepreneur is Singapore. The entire fabric of the country is seemingly built to attract new business ventures. They make it incredibly easy to begin a new business, or expand on old one, in Singapore. They have made every effort to modernize the country in order to welcome entrepreneurs to their country.

Give Montreal a Try

If you’re looking for someplace with a diverse culture to expand your enterprise, then Montreal may have just what you need. The economy of the city is expanding, and there is no lack of cultural attractions to keep you occupied. Montreal is a friendly city, both for business and personal reasons. They will go out of their way to make you feel welcome.

Saudi Arabia Has a Rich Business Environment

With all the money they get from selling oil to the world, it should come as no surprise that Saudi Arabia has a thriving economy. Although the country has a strict set of regulations and rules regarding personal behavior, the fact that they have so much money within their economy marks Saudi Arabia as a good place to expand your business. You may have to deal with some red tape, but overall the country is extremely friendly to business people. It has the added advantage of being rich in culture, and great place to take an extended vacation.

Entrepreneurship

Why Are Celebrities Wealthy?

If you took this question on its face value, then you have got a wrong idea about the article. Why are celebrities wealthy? It might seem a stupid question. Frankly, its not. Sure, they are wealthy because they get paid very highly for it. But the real question is, why are the celebrities paid so much?

There are so many things for an entrepreneur to learn from celebrities. There are quite a few reasons why celebrities are almost always wealthy. Let me discuss a few of them below:

You got to prove yourself on the turf!

A celebrity as a person does not make any money. For any given actor or actress, author, comedian, there are thousands of people out there who are just as (or sometimes more) talented, beautiful, handsome etc. It is very difficul to prove yourself on the turf where there are people who are just as talented as you. It takes a lot of spunk and real mettle to do it. You have to market yourself to be the best in areas where there are others who are as good (or better) than you. It is a personal trait that I am sure you will find in every successful celebrity. And there is a lot of entrepreneurial wisdom to be found in it too.

Always appeal to your audience

This point is pretty much self-explanatory. No one is a real celebrity, until they have a strong fan following. And the minute, celebrities lose their fans at that moment, a celebrity loses his/her stardom. Similarly, it is very important that your brand appeals to the customers. Because they are the one’s who will take your company to the next level. And the minute your focus deviates from them, you will find that your business is struggling.

Celebrities follow the basic rule of free enterprise

The basic rule of free enterprise – “You must give, in order to get!” Follow this closely. Celebrities closely study what their audience likes/dislikes. They understand that performance is the final parameter for their success. Which is why we read about seasoned actors getting cold feets before their movie is about to hit the theaters. A couple of flops and most actors could end up packing bags to go home from Hollywood.

Understanding this, entrepreneurs need to develop a product that is really useful for those who buy it. If the product or service is inferior or does not meet the level of satisfaction of your customers – then your business is dead. 

 They really work hard

Celebrities are all hard workers. I mean really hard working guys. They spend 6-8 hours rehearsing for their concerts, movies etc. Count all the flying hours along with some strict diet schedule and if it were you, you would be begging for outs. Most celebs are on a shocking time crunch and usually lack adequate sleep. No, I am not promoting an unhealthy lifestyle here. But instead, telling you that these celebs have it really hard behind all that glam and glitter.

Another really good post that has appeared on Tech Crunch, about the same topic – What Justin Bieber can teach entrepreneurs

This post talks about what celebrities can teach you about entreprenership. Likewise, there is something to learn from the most simplistic things, we only need to be observant and open to our surroundings.

Entrepreneurship

The Big Deal About Being “Connected”!

If you have been brought up in a third-world country like India, you would be surprised about a lot of things. One of the main things you would constantly watch and twitch about would be the power of “connected” people. If you are in a bar fight with a “connected” guy, then you better save your ass and get the hell out of there. Not only in third-world countries but even in super-power nations such as USA, there is a very negative impression about “connected” guys. But being connected does not mean you are a bad guy – it means you are influential. And influential means that you can get circumstances to turn in your favor. In fact, it is very important to be connected. This post deals how to make connections and be connected with the big guys.

Every entrepreneur knows the important of having good contacts. These contacts make things a lot easier for him and are also a relief system in times of trouble. It is not recommended for an entrepreneur to be a recluse, he must be fairly outgoing and be ready to come in contact with all kinds of people.

Secrets to be connected:

  • Do not hesitate to come in contact with any kind of person. People might be egoistic, pessimistic or negative but if they are powerful and can come in handy to you then you must make the effort to connect with them.
  • Attend entrepreneur conferences and make it a point to improve your visibility in people radar.
  • Have something to offer yourself. Most powerful guys are quite selfish and they seek to connect with people who are as influential as them or have something that you have to offer to them.
  • Start small. Do not try to connect with the best in your industry at the start itself. First know people who are a few levels above you and eventually know the person in the top of the pyramid.

Why Should You Be Connected:

  • The more connected you are, the more influential you become. And influence is a great thing – it can help you get difficult work done with lesser effort.
  • It has also been seen that connected people get a lot of respect from their peers and the society in general.
  • Connections can help you out of seemingly impossible situations. When you fall in a ditch that is pretty serious to your business, connections can help you get the required people. For example in cases of legal tangles, powerful people have a way of tackling the situation and getting out of it unscratched.
  • If entrepreneurs want to scale up their business and grow then you need connections to help you with a lot of things.

Hope you liked the post. Let me know your views by commenting below!