tag:blogger.com,1999:blog-2815102121598235052024-02-18T21:03:40.777-08:00MEHMET DOZExperienced Business Executive, Visionary Entrepreneur & Investor. Founder of DOZ & CEO of DOZProjects.Mehmet DOZhttp://www.blogger.com/profile/02237156178593695761noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-281510212159823505.post-41448328451870870662018-05-23T01:11:00.005-07:002018-05-23T01:17:13.662-07:00Why You Should Become Your Own Boss?<div dir="ltr" style="text-align: left;" trbidi="on">
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At some point in your life, you should become your own boss. If you are an entrepreneur, then wanting to be your own boss just comes with the territory.<br />
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Being your own boss comes with some serious perks. For instance, you can work whenever you want, you can make up your own salary, you are at the top of the business food chain and really that is just the beginning when it comes to the perks.<br />
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That said, let’s get into a little more detail. Let’s get into some more rewarding benefits of being your own boss.<br />
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<b>The Ultimate Perks Of Being Your Own Boss </b></div>
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<li>Because It’s Nice To Finally Call The Shots </li>
<li>Because You Have A Vision </li>
<li>Because You Want Better — Perhaps The Best </li>
<li>Because The Experience Will Be Life-Changing </li>
<li>Because You Could Succeed </li>
<li>Because It’s Nice To Finally Call The Shots</li>
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How many times have you been told to do something that you didn’t want to do? How many times were you told to do something a certain way, but knew it could be done in a more productive manner? How many times have you wanted to call the shots?<br />
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If you are your own boss, calling the shots is just one of the many benefits you will inherit. Being in charge, for once, can make you feel like you hold all of the power — and in reality, you do.<br />
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Let’s just put it this way: If you are your own boss, you have creative control.</div>
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<b>Because You Have A Vision</b><br />
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You have a vision for the business you work for, but you can’t necessarily take that vision to the next level. If you are your own boss, well, you get to follow all of your dreams — from a business standpoint, that is.<br />
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If you picture something that can make your company great, people will follow your lead and try to make that picture come to life.<br />
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<b>Because You Want Better — Perhaps The Best</b><br />
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We all grow up with powerful dreams. Likewise, we all grow up wanting to make the best out of our lives.<br />
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If you are your own boss, these powerful dreams start to come true. When you are your own boss, you start building amazing connections, which can lead to bigger and better things for your company, employees and you, of course.</div>
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<b>Because The Experience Will Be Life-Changing</b><br />
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Along the journey that is being your own boss, you will learn how to create a business plan, how to run a business, how to manage employees, how to make ideas come to life, how to hire (and fire) employees, how to be a leader, how to talk in front of a room full of followers and an endless amount of other things.<br />
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Being your own boss leads to invaluable experience … invaluable experience that can be considered life-changing. Not to mention, how awesome would it be if you could put “boss” on your resume?<br />
Because You Could Succeed<br />
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You should become your own boss one day because you could succeed. What comes with that is, of course, a successful company, perhaps other successful companies after that, riches, happiness and making all of your dreams come true.<br />
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Why should you become your own boss at some point in life? Well, because you could be the difference that this world desperately needs.<br />
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<i>Mehmet DOZ & Kevin Harrington</i></div>
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Mehmet DOZhttp://www.blogger.com/profile/02237156178593695761noreply@blogger.com0tag:blogger.com,1999:blog-281510212159823505.post-76607478706084643402017-10-11T04:16:00.000-07:002018-05-18T22:24:41.844-07:007 Things You’ll Never Hear Successful People Say<div dir="ltr" style="text-align: left;" trbidi="on">
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<tr><td class="tr-caption" style="text-align: center;">Good leaders have good listeners</td></tr>
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There are simply some things successful people never say.</div>
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Worst of all, there’s no taking it back once these things have slipped out. So stop saying these things, and you might just find yourself on the path to more success.<br />
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<b>1. "No"</b><br />
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Successful people are risk-takers, yes-sayers, and fear-shakers. They’ll stand up to any situation, and won’t ever say no if it's something they’re passionate about. They won’t take no for an answer – and certainly won’t say no to any potential opportunity for growth.<br />
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<b>2. "I have too much work"</b><br />
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Being successful means you worked hard to get to where you are – most successful people are incredibly appreciative of what they have, and often reflect on what they had to do to get to where they are. They understand that it takes vigor and hustle to achieve success, and often reset their standards on what an acceptable quantity of work is.<br />
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Author, investor, and entrepreneur Tim Ferriss once said something along the lines of "Being too busy is just a form of being lazy".<br />
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<b>3. "I can do it myself"</b><br />
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Successful people surround themselves with people who can work together as a team, and often don’t take on the role of doing everything themselves. A successful person (generally) knows that trying to do everything on their own means they’ll just slow down the entire process.<br />
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<b>4. "I give up"</b><br />
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Giving up never crosses a successful person’s mind. Yes, they might come across a few failures in their life – but it’s never seen as giving up. Failure is not the same as giving up. They may fail at one thing, but quickly move onto the next. <br />
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In a defiant message to his employees after the Falcon 1 loss, Elon Musk, founder and CEO of SpaceX said, “I will never give up and I mean never.”<br />
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<b>5. "I need to check my calendar"</b><br />
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A successful person will always make time for a meeting if it means helping a teammate out. There's no excuse for not finding time – especially if it inhibits the success of a project and lending a hand. A successful person knows that any helping hand they offer means a favor returned in the future.<br />
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<b>6. "I sweat the small stuff"</b><br />
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A leader and a successful person often sees the overall larger scale outcome of a project or plan. They're generalists, and often don't fret the details. While, yes, details are important – they focus on a set goal and do whatever it takes to reach that goal.<br />
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In an annual letter from the Bill and Melinda Gates Foundation, Gates wrote. "You can achieve amazing progress if you set a clear goal and find a measure that will drive progress toward that goal."<br />
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<b>7. "I don't know how"</b><br />
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Successful people will always figure out a way to fix something, or find a solution to a problem. If they're given the opportunity to learn more about the problem at hand, they'll jump on the opportunity as quickly as possible. </div>
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Mehmet DOZhttp://www.blogger.com/profile/02237156178593695761noreply@blogger.com0tag:blogger.com,1999:blog-281510212159823505.post-36215257671795792052017-10-08T00:37:00.001-07:002017-10-09T02:42:53.315-07:00The Seven Most Popular Types of Businesses<div dir="ltr" style="text-align: left;" trbidi="on">
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Looking to start your own business? Congratulations! You're onto something big - entrepreneurs like yourself are truly fueling the economy. To help you along, here are to explain the different types of businesses that you can choose from.<br />
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<b>Sole Proprietorship: </b>A sole proprietorship is one of the most popular business types, namely because it's one of the simplest and only requires an individual. In a nutshell, a sole proprietorship is a business that's owned by just one person. An important thing to note is that there isn't a legal or financial distinction between the business and the business owner, which means that you as the business owner are fully accountable for all of the profits, liabilities and legal issues that your business may encounter. The nice thing about a sole proprietorship is that you don't have to fill out any forms or go through any legal procedures to declare this type of business. Instead, just by owning a business on your own, a sole proprietorship is automatically associated with your new business. Keep in mind, however, that depending on your product or service (and your location), you may need to access a specific license or other documents.<br />
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<a name='more'></a><b>Partnership: </b>Two heads are better than one, right? If that's the philosophy behind your business structure, then a partnership might be the best choice for you. A partnership might be appropriate if your business is owned by two or more people. Keep in mind that with this type of business, business responsibilities, including financial and legal, fall upon each business owner. Depending on how the ownership is divided (either equally or not), there are different types of partnerships for you to explore from a legal standpoint. With that being said, a partnership does require that you register your business with your state and establish an official business name. After that, you'll then be required to obtain a business license, along with any other documentation that your state office can help you with. Beyond that, you'll also need to register your business with the IRS for tax purposes. Although this may seem like a complicated process, there are lots of benefits to a partnership, so if you're looking to have a co-owner, don't be afraid to go for it.</div>
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<b>Limited Partnership:</b> A limited partnership, or LP, is an off-shoot version of a general partnership, and while it may not be as common, it's a great bet for businesses who are looking to raise capital from investors who aren't interested in working the day to day aspects of your operations.With an LP, there are two sets of partners, one of which is known as a general partner. The general partner is usually involved in the everyday business decisions, and has personal liability. On the other hand, there's also a limited partner (typically an investor), who are not liable for debts and don't partake in regular business management of said company. Just like a general partnership, if you enter an LP agreement, you'll need to register your business with the state, establish a business name, and inform the IRS of your new business. Again, this option is the most common for those looking for investment dollars, so keep that in mind when exploring your partnership options.</div>
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<b>Corporation: </b>A corporation, is a fully independent business (when public) that's made up of multiple shareholders who are provided with stock in a new business. Most common is what's known as a "C Corporation," which allows your business to deduct taxes much like an individual - the only problem with this is that your profits will be taxed twice, both at the corporate level and at the personal level. Don't let this fact deter you however - this is extremely common, and if you currently work for a company with multiple employees, that's likely the business structure they're using. Most likely, if you're starting off as a smaller business, particularly one that only operates online, declaring yourself as a corporation wouldn't be appropriate. But if you truly are a corporation, you'll need to file very specific documents with the state, followed by obtaining the appropriate business licenses and permits.</div>
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<b>Limited Liability Company (LLC):</b> Next on our list is a Limited Liability Company, better known as an LLC. An LLC is a newer type of business that is a blend between a sole proprietorship and a corporation. Instead of shareholders, with LLCs, owners are referred to as members. No matter how many members a particular LLC has, there must be a managing member who takes care of the daily business operations. The main difference between an LLC and a corporation is that LLCs aren't taxed as its own business entity. Instead, all profits and losses are moved from the business to the LLC members, who then, instead of having to report business finances on a corporate return, can report profits and losses on a personal federal tax return. The nice thing about pursuing an LLC is that members aren't personally liable for business decisions or actions of the company in question, and there's far less paperwork involved in creating an LLC as compared to a corporation.</div>
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<b>Nonprofit Organization: </b>A nonprofit organization is pretty self-explanatory, in that it's a business organization that's intended to promote educational or charitable purposes. The "non-profit" aspect comes into play in that any money earned by the company must be kept by the organization to pay for its expense, programs, etc. Keep in mind that there are several types of nonprofits available, many of which can receive "tax exempt" status. This process requires filing paperwork, including an application, with the government for them to recognize you as a nonprofit organization. Depending on the parameters of your new business, they'll be able to tell you which category you best fall under.</div>
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<b>Cooperative:</b> The last on our list of seven popular types of business is what's known a cooperative, or a business that's fully owned and operated for the benefit of the members of the organization that use its services. In other words, whatever is earned by the cooperative is then shelled out among the members themselves, and aren't required to be paid out to any external stakeholders, etc. Unlike other types of businesses, which have shareholders, cooperatives sell shares to cooperative "members," who then have a say in the operations and direction of the cooperative itself. The main difference in the process of becoming a cooperative, as opposed to the other types of businesses listed, is that your organization must create bylaws, have a membership application and have a board of directors with a charter member meeting.</div>
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<b>To simplify your choice of business type, first ask yourself a few basic questions:</b><br />
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<li>Is your business a charity or is it for-profit?</li>
<li>Is your business a partnership?</li>
<li>Do you want to file the business taxes under your social security number, or do you want your business to have a Tax ID?</li>
<li>How much personal liability are you comfortable with accepting?</li>
<li>How much control will your partner (if you have one) assume?</li>
<li>Will you have employees?</li>
<li>Will your company be owned and operated democratically by its members with no single owner?</li>
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After you've answered these questions and have decided on a business type, the next steps are dependent on your state and local laws and ordinances, as you may need to fill out additional forms specific to your location and type of business. There are a number of books and resources for this. Many of them recommend using the Small Business Association as the starting point since they maintain local offices.<br />
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Finally, check your local and state laws regarding running a business out of your home, as zoning laws can sometimes be an important factor in your business decisions.</div>
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Mehmet DOZhttp://www.blogger.com/profile/02237156178593695761noreply@blogger.com0tag:blogger.com,1999:blog-281510212159823505.post-29788186586545322192017-10-08T00:04:00.001-07:002017-10-09T02:42:31.525-07:007 Sectors of Business Management <div dir="ltr" style="text-align: left;" trbidi="on">
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Business management can't be boiled down to one department, one aspect, or one person. Breaking down the different types of business management can be tricky, but separating and determining the key characteristics of each is a great place to start.</div>
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There are seven sectors of business management, each as equally important as the others: <i>financial management, marketing management, human resource management, strategic management, production management, operations management and information technology management.</i><br />
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<a name='more'></a><b>Financial Management;</b> The planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization.<br />
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<b>Marketing Management; </b>The use a company's resources to increase its customer base, improve customer opinions of the company's products and services, and increase the company's perceived value.</div>
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<b>Human Resource Management;</b> Conducting job analyses, planning personnel needs, recruiting the right people for the job, orienting and training, managing wages and salaries, providing benefits and incentives, evaluating performance, resolving disputes, and communicating with all employees at all levels.</div>
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<b>Strategic Management; </b>The systematic analysis of the factors associated with customers and competitors (the external environment) and the organization itself (the internal environment) to provide the basis for maintaining optimum management practices.</div>
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<b>Production Management;</b> The job of coordinating and controlling the activities required to make a product, typically involving effective control of scheduling, cost, performance, quality, and waste requirements. </div>
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<b>Operations Management;</b> The design, execution, and control of operations that convert resources into desired goods and services, and implement a company's business strategy.</div>
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<b>Information Technology Management;</b> Set of tools, processes, and methodologies (such as coding/programming, data communications, data conversion, storage and retrieval, systems analysis and design, systems control) and associated equipment employed to collect, process, and present information.</div>
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Mehmet DOZhttp://www.blogger.com/profile/02237156178593695761noreply@blogger.com3