March 28, 2008

Picking the best limo manufacturer Part 2

Filed under: Business Entrepreneurs — Business Entrepreneurs @ 9:50 am

Entrepreneur of the Year - Do You Have What It Takes?

Entrepreneur of The YearBRING IT ON!

I just applied, I was actually just scrolling the site and it showed up so I took about 15 minutes of my time to apply - heck, why not?

Entrepreneur Magazine picks two “Entrepreneurs of The Year…”

1. Entrepreneur of the Year: Must have less than 100 employees in 2007 and more than $3M in revenues.

2. Emerging Entrepreneur of the Year: Must have had less than 5 employees in 2007, more than $500,000 in revenues.

It’s the same application though - I guess they automatically shuffle you one way or the other. Guess which one I’m shooting for?

The application is pretty easy - although they really should offer more insight on how MUCH they want you to write in the short essays. You basically give some general business information, then you fill out a few questions:

1. Have you owned previous businesses? (briefly explain)
2. Briefly explain how have you impacted your industry?
3. Briefly explain how you have impacted your community?
4. Briefly explain how you have impacted your employees?
5.Briefly explain how you have impacted your customers?

I wrote about 200 words or so per question and think I had pretty good answers! Anyways, go apply, even if you make the Top 10, they give you pretty good publicity…

The new AJAX Translation API from Google
google.jpg

Of late Google has been working on API's and here is the new AJAX Translation API from their stables. So how does it help you? With it you can carry on quick translations and language detection. You certainly need to check out the real time language translation and language detection examples showcased by Google. In the first case all you need to do is type something in the box and with a click of the button the text will be converted into the alien language which you cant read or write but need it to meet your business requirements.

In the second case language detection API helps to recognize languages which might be unknown to you. All you need to do is put the text in the particular box and with a touch of the button it will tell you which language it is and even inform as to how much relevant the data is. It's pretty cool and you must definitely check it out!!
See full article.

Related Entries:

Google Launches Beta Version of Google AJAX Search API - 05 June 2006

Google Ajax Search APIGoogle Video - 30 2006

Ajax API launched by Google for simplifying application mashups - 19 April 2007

PHP-Klasse::karatag Google Translation 14.05.2007 - 15 Mai 2007

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Pattern puzzle: fix this

Okay my pretties, how would you fix this? Amanda Panda says:

I am making a bias cut dress out of a crepe backed polyester satin… and having tummy trouble. As you can see its got poof at the tummy. I can’t figure out what to do with it… I put bust darts in to help a bit, but no matter what I do it seems I can’t get rid of it.

Others are recommending she increase the hip girth. Somebody go save her. There’s a larger photo after the jump.

6 Factors to Help You Succeed When Opportunity Knocks
knock_on_door

We’ll deviate from our usual format to better explain today’s show discussion.

George: When I was just getting started in business, I had an opportunity to buy a property that the real estate broker said would support a 12-unit apartment building.

I determined that 24 units could be built; upon checking with my architect, I found out it would support 26. So I knew the property was worth at least twice what I was paying.

But a business opportunity came along, and I decided to go for that. I sold my option on the property to my architect at cost.

Within weeks, a major building project was announced right across the street from this property. I could have made way more money in months with the real estate project than I did in years in the business!

6 essential factors you must have in place when opportunity knocks

Mary-Lynn: #1 – You have to be in the right place. Your research showed that you were in the right place, George. You knew the property was worth more than you were paying.

George:
#2 – It has to be the right time. Had I done more research, I might have discovered the new project across the street. But I got nervous about losing my option money, which I needed for the business. 

Mary-Lynn: #3 – Recognize that you’re in the right place at the right time.
You have to actually realize the moment you’re in so you can capitalize on it. But George, you sold because you had another opportunity?

George: I did. However, the returns came in slower than they would have with the real estate project. I can’t complain about it, though – the business opportunity helped launch my other businesses.

Mary-Lynn: Why did you sell the property at cost when you knew it was worth more?

George:
I was only 22 at the time … I was inexperienced. And frankly, a little scared. I needed the money for the business opportunity. So I did what I thought was best, but I lost out on an opportunity to jump-start my net worth.

Mary-Lynn:
#4 – You need knowledge of what to do. This is all about education. When your opportunity presents itself, you don’t have time to prepare.

George: I knew enough to find the opportunity; what I lacked were the specifics of what to do with the exact situation.

Mary-Lynn:
So how did you to get ready for the next time?

George: I studied all of the ways you could make money with a property. I read books, listened to tapes, and talked to anybody and everybody who would talk to me.

Mary-Lynn: #5 – Know how to do what you need to do. This is about experience – knowing how you actually execute what needs to be done.

George: From this experience, I started smaller the next time. I learned how to go through the process, from beginning to end, to develop a property.

Mary-Lynn:
Is it important to start out smaller?

George: Not necessarily, although I think most people start out relatively small. I wanted to make sure that I could afford to see my next project through to the end.

Mary-Lynn: #6 – You need access to the required resources. Who you know plays a part. You need to be able to raise the money required and find the right people to get the job done.

George: This was perhaps my biggest stumbling block. I became overwhelmed at all that would need to be done. I didn’t see how bigg an opportunity it was or how easy it would have been to capitalize on it.

But here’s the good news – I learned so much that made me so much because I missed out on this deal!

Have you ever missed an opportunity? What lessons did you learn? Share them with us! Leave a Comment below.

Our bigg quote today comes from Abraham Lincoln.

“I will prepare and perhaps someday my opportunity will come.”

Do your homework now so when opportunity knocks, you can answer.

Next time, we’ll discuss communicating effectively across department lines. Until then, here’s to your bigg success!

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Related posts 

Lessons Learned From A Bankrupt Business Owner

Confessions Of A Serial Entrepreneur

The Single Biggest Barrier To Your Success 

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Competing to solve the water crisis

About a billion people worldwide lack access to clean drinking water, but solving the crisis could cost up to $4 billion a year. Sam Eaton reports on a competition that’s using entrepreneurs to find innovative solutions.

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