This Week Entrepreneur: Trading and supply Biz

Hi ,

How are you? Its been sometimes already that i get entrepreneurs to be featured here . And this week i get to meet this mother whom i saw few times and i like the energy that she have towards being successful.

I want her to share some of her tips and ideas that might be useful for all of us.

She don’t want her picture to be here anyway… But my advice for entrepreneurs never be shameful to show your face to the world.

1) What kind of business do you have? What inspired you to become an entrepreneur?

I am doing supply and trading business. What really inspired me to be an entrepreneur beside the vast potential income is that I can be my own boss and manage my time according to what I realy want , not dictated to me by my boss.

2) Did you need to have a certain mindset to achieve success?

Of course. In doing business you HAVE to have the right mindset. You need to be VERY positive and willing to accept the rejections that come your way as a learning experience to excel in your business.

3) Have you noticed certain advantages to being an entrepreneur?

Yes, being able to maximise your true potential and test yourself to the max. Before being an entrepreneur, I never dreamt of for example mending a booth. I’m a very shy person and very self -conscious. But after sometime, I manage to overcome my shyness and my self esteem improved. Another thing is that when my group of suppliers and traders grow, I feel deep satisfaction because I manage to not only help myself but also others in making a difference in their lives.

4) Is it difficult to get financing for businesses? If so, why and are there any solutions?

Yes if you do not have a good financial background but that should not prevent you from being an entrepreneur. Financial support can come from family members and friends. In my business, for those who have inadequate capital, they can start as low as $39! All they need after that is sheer hard work and prayers.

5) Did you have a mentor to help you get started?

Yes, I would never indulge myself in any business if I do not see any success for those who have done it. My mentor has been in this biz very long and I feel very confident in him to guide me to achieve success.

6) Approximately how much money did you invest before your business became profitable?

I have personally purchase 1 trading volume to start my business. I got back my initial investment by just trading half of my stocks.

7) What resources were most helpful to you when you were starting your business?

My main resource is my mentor cos he was the one who brainchild this trading and supply business. Other information I got are from the internet and from my interaction with fellow suppliers and traders in my business.

8) What ways have you found to be most effective in marketing your product or service to get sales?

There are various ways that I market my products but most effective is personal recommendation from relatives and friends. Mending booth help to introduce the product to to the consumers and the free trial that I give enable them to be more convinced to purchase the product.

9) What tips can you give others who want to embrace their dream but, don’t have the confidence or feel they don’t have what it takes to succeed?

WHATEVER YOU THINK IS RIGHT! If you think you can do it, you can but if you think you can’t, then you can’t. Confidence can be built with knowledge and sales activities. You must be willing to come out of your comfort zone if you want to embrace your dream.

10) How do you manage juggling the responsibilities of being an entrepreneur?

I’m a mother of four. Juggling responsibilities can be done by prioritising your roles. Do not be so rigid in life. Be flexible and willing to adapt to changes when the needs arrived. During my children exam period, I lessen my sales activities to cater for their needs.I also involved them in my business so that they understand what I’m doing and be more appreciative of my effort to bring comfort to their lives.

11) What’s next for you?

I’m targeting the world to market my product. I am currently negotiating with traders from Brunei and Indonesia. Besides that I am continuously expanding my team to include housewives and students who want to earn extra income.

I hope this sharing will give you the motivations to keep up your journey.