Factors Paper by Cancer buster

Entrepreneurship MBAH H04 Factors Paper cancerbuster The totality of a person depends on the different characteristics he possesses including physical, emotional, spiritual, psychological and physiological make up. It should not only include one's persona but the inner nature of one's self as well. Entrepreneurship as defined in Entrepreneur Philippines is the practice of starting new organizations or revitalizing mature organizations. It entails a lot of hard work and oftentimes involves difficult tasks at hand. Hence, being an entrepreneur needs a lot of guts and determination to make the new business thrives. Doctors can also become good entrepreneurs. We just need to arm ourselves with good education, coupled with a good guidance, proper mind setting and relatively some instincts. Many factors to be an entrepreneur are the character traits we also see among leaders. The essence of being a good entrepreneur revolves within the character of the person, how he deals with people and his ability to conceptualize an idea into reality. There are several factors to be considered when going into entrepreneurship. I have them listed down here and reflect my own ability if I can be an entrepeneur in the near future. Physical attributes. A business establishment looks better if people on the job looks nice and proper. It is usually a come-on to customers if the entrepreneur is good looking. However, this good attribute should be coupled with good attitude to entice possible stockholders and customers as well. My physical features is not bad at all. I have a fair complexion (thanks to my sister's invention of a papaya soap), have been wearing a long hair as long as I can remember, with an average Filipino height and a normal body mass index (had been walking or running at BGC when time allows me). Actually, my first consideration for specialty training was Dermatology and I was suppose to apply in its residency training program but then I was immediately hired in Obstetrics and Gynecology hence my career was shifted totally to maternal health. Decision making. An entrepreneur needs benchmarking of his business whether it is a product or a customer service that he tries to conceive. Proper and on time decisions must be made to make it work. He must stay on top of the situation and look at new perspectives relevant to the industry. This is probably the most difficult task an entrepreneur faces, making decisions to keep the business ahead of the others. It was noted during my psychometric examination that I have a relatively stable adjustment, quite idealistic but sometimes prone towards disillusionment. It was also mentioned that I dont lose my footing even when the odds are against me and I try to assess matters objectively to adequately steer clear of the stumbling blocks along my path. As such, I dont make decisions when I'm happy, sad or when my emotions are high. This usually results in decisions that are not appropriate when later reviewed. Thus, I always make them when in in neutral mode. Maintain focus on your mission. Every organization has its own mission-vision statement which becomes the ultimate goal of its people. Hence, strategic planning is critical to the success of the business which is centered on this statement. According to Jain, entrepreneurs should focus intensely on opportunities and concentrate on doing a few things very well rather than doing too many things at the same time. According to my psychometric evaluation, I am much committed to duty and desires precision, very meticulous and methodical in my approach to anything. When in action, considerable attention is given to details, second thoughts must be applied before putting things in order and being prompt enables me to expend my time and effort wisely to assure both quality and quantity. Being the training officer of the Department of Obstetrics and Gynecology of Valenzuela Medical Center, these traits should be put in place to maintain high standard of training of our residents. Be flexible but persistent. Agility is one of the many traits of a good entrepreneur. As new information comes in quickly these days, the ability to adapt to situations is a must. Again, even in the very fast pace of life, entrepreneurs must be committed to the mission of the business as told by Jain. Persistence can be rewarding because sometime success comes after a failure. I have a passive aggressive type of personality. I am shy and aloof at times and able to relate only on limited terms with some difficulty to initiate contact. But then, I try to get along well with others in order to prevent isolation. I then met a very out going and emotional person, has shown me how to be more assertive and I tried to be more open to conversations and discussions. And ever since I've enrolled for my masteral, slowly I've overcome this difficulty and probably in time, I will more conversant and well versed. I'm quite persistent to do things that should be done especially those that are required on time. Long Term Orientation. An entrepreneur should balance his firm's immediate needs with a long term program. The strategic focus of the company should always be what the long term plan should be which defines the ability of the company to sustained its product or service in the very competitive world. Every entrepreneur wants to have a successful business. And looking far beyond should be the ultimate goal. It has been said time and time again that being a doctor is a noble profession. One has to spend 20 years of schooling, another 3 to 4 years for residency training and another 1 to 3 years for fellowhip training. The long period of idleness makes doctors mature later and start a career way behind their counterparts. However, time has changed and more doctors have engaged to business early or start a family earlier than usual. After a total of 28 years of schooling and training, I am now an Obstetrician and Gynecologic Oncologist. And being a public servant (DOH doctor) is both rewarding and frustrating. Rewarding because I am able to save a lot of lives even without any monetary gain and frustrating because I can only do that much to help patients who are economically deprived to continue with their treatment. Enjoy the job and the journey. Each of us works hard to attain our goals. Along the road to success, we need to celebrate achievements whether minute or large. We will never know when to reach our destination but enjoying the journey is much better than waiting for it to come. For every milestone I attained throughout my career, I've always celebrated it either a simple get together dinner with my family, dinner with friends and sometimes a lavish dinner in the hotel with either family or friends. It is such a wonderful feeling to share your blessings with others and be reminded that everything I have, I owe to to the people around me.

Micromarket Analysis by Plate group - Steak Houses comparison

---------- Forwarded message ----------
From: Thea Pineda <vgpmd518@gmail.com>
Date: Sun, Jan 27, 2013 at 12:22 AM
Subject: Fwd: Micromarket
To: profjorgeentrep.ateneo@blogger.com
Cc: judz md <judithcabanella@yahoo.com>, Hope Lapating <hpl_640@yahoo.com>, Loralie Miranda <lalamiranda.md@gmail.com>, GINA NAZARETH <gina.nazareth@yahoo.com>

                                  MICROMARKET Assignment : Subject - Steak House

PLATE GROUP :

      Judith Cabanella ; Thea Girado-Pineda; Hope Lapating; Gina Nazareth; Loralei Miranda

We shall be comparing Tony Roma  and Outback steak house based on the ffg premise.

    1. Customer segment wants & needs

     2. Competitor

     3. Location

OBSERVATIONS 

                   TonyRoma (Ribs/Seafoods/Steak)            Outback Steak Hous

Ave.Price..             1,000-1,500.                                       1,000-1500.

                     They have better promo deals

LOCATION:   Both are located at Glorietta 4

       Outback - located right at the corner of Glorietta 4, fronting taxiline and across SM on the right, and fronting Glorietta 4 & Intercon.

                    - seen by private cars & mrt commuters as well as pedestrians. Hotel guest have to cross the street for them to go to Outback. If they are chauffer driven, drop off point is at the mall entrance. Thus can be seen only from the outside.

                   

     Tony Roma - located right beside the mall entrance/exit and Ascott Hotel. Although its entrance is outside the mall, it can be seen from inside  as well, since it appears to be  at the corner of the  mall lobby where the entrance & exit gates are located, in addition to its advantage being the drop off/pick up area where customers would encounter first before Outback.

Ambiance

       Outback - 2 floors, with huge bar counter, and several high table/chairs.  Dark & rustic ambiance. 2nd floor is mainly dining. First floor is more of a Sports Bar and access to 2nd floor cannot be seen from the outside, thus first-time customers would think it to be purely bar/steak house.

       Tony Roma- 2 floors, with smaller bar counter usually for mixing and serving only. Few high (bar) chairs, but with several standard tables. 2nd floor is mainly dining.

                     - more lively and cozy with just the right amount of lighting, not too dark, with very attractive neon lights and well decorated for that inviting look. Busier and gives an impression of a family-oriented steak house. you can see the stairs from the entrance door, giving the impression of " more seats upstairs".

COMPETITOR

       Outback - it is beside Chinese restaurant ( dining competitor- Modern China )

        Tony Roma - it is beside Krispy Kreme &'Bread talk,from the inside ( not really a competitor but would compliment for desserts/ coffee.). Outside is Ascott Hotel .

   

CUSTOMERS

      Outback - usually middle -aged, and expats w/ exotic-looking "pinays", yuppies, executives  

      Tony Roma -  family oriented. With mostly young teens to senior citizens. They also have children since they have promotions for Birthday parties as young as 1 yr old.

                The nice ambiance is ideal for all ages and being right at the drop off/waiting area is an advantage for being the first to be seen. <more observation please you can recall without going back to the steak house?>

     

  

Sent from Samsung tablet

Fwd: 7 Ways to Sort a ‘Slow Pay’ from a ‘No Pay’ Client

How to collect more:

---------- Forwarded message ----------
From: Intuit Small Business Blog <blog@intuit.com>
Date: Fri, Jan 25, 2013 at 9:02 PM
Subject: 7 Ways to Sort a 'Slow Pay' from a 'No Pay' Client

	Weekly Update 7 Ways to Sort a 'Slow Pay' from a 'No Pay' Client It's an all too common dilemma for small-business owners: How much time do you give customers to pay overdue bills before writing off your losses as bad debt? Deciding when it's … Read more: http://blog.intuit.com/money/7-ways-to-sort-a-slow-pay-from-a-no-pay-client/?utm_source=rss&utm_medium=rss&utm_campaign=7-ways-to-sort-a-slow-pay-from-a-no-pay-client Cleaning for a Good Cause Made Possible by Intuit After serving eight years in the U.S. Navy, Danielle McCray wanted to start her own business as both a way to give back to her community of Florence, South Carolina, … Read more: http://blog.intuit.com/local/cleaning-for-a-good-cause-made-possible-by-intuit/?utm_source=rss&utm_medium=rss&utm_campaign=cleaning-for-a-good-cause-made-possible-by-intuit Do You Have Enough Savings to Retire? The U.S. Small Business Administration warns that too many small-business owners today lack sufficient retirement savings. In fact, wage-earning or hourly employees are more likely to be well-prepared for retirement … Read more: http://blog.intuit.com/money/do-you-have-enough-savings-to-retire/?utm_source=rss&utm_medium=rss&utm_campaign=do-you-have-enough-savings-to-retire 5 Lessons from Ernst & Young's 2012 Entrepreneurs of the Year Each year, Ernst & Young names a cadre of business owners as Entrepreneurs of the Year in various categories and then picks one overall winner. In 2012, the global accounting … Read more: http://blog.intuit.com/trends/5-lessons-from-ernst-youngs-2012-entrepreneurs-of-the-year/?utm_source=rss&utm_medium=rss&utm_campaign=5-lessons-from-ernst-youngs-2012-entrepreneurs-of-the-year How to Start Selling at Farmers Markets American consumers love a good farmers market: The succulent fruits and vegetables. The tempting sights, sounds, and smells. The feeling of rubbing shoulders with neighbors and coming home with delicious, … Read more: http://blog.intuit.com/local/how-to-start-selling-at-farmers-markets/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-start-selling-at-farmers-markets How to Kick Up Your Credit Score No matter how large or small your business is, it's important to have a great credit score — both for you and your business. Good credit scores are like money … Read more: http://blog.intuit.com/money/how-to-kick-up-your-credit-score/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-kick-up-your-credit-score Playing the Middleman: Tips for Building a Successful Online Marketplace Etsy, OpenTable, Airbnb, and other successful startups in recent memory have at least one thing in common: They don't sell their own products or services. These online marketplaces facilitate transactions … Read more: http://blog.intuit.com/trends/playing-the-middleman-tips-for-building-a-successful-online-marketplace/?utm_source=rss&utm_medium=rss&utm_campaign=playing-the-middleman-tips-for-building-a-successful-online-marketplace Finance Expert Coaches Etsy Sellers in New Book When Etsy launched in 2005, the e-commerce site turned thousands of hobbyists into professional craftspeople. Woodworkers, knitters, seamstresses, and others suddenly had a virtual storefront through which they could sell … Read more: http://blog.intuit.com/money/finance-expert-coaches-etsy-sellers-in-new-book/?utm_source=rss&utm_medium=rss&utm_campaign=finance-expert-coaches-etsy-sellers-in-new-book 7 Tips for Succeeding as a Family Business Nine out of 10 businesses in the United States are family-owned, according to the Small Business Administration. That's an impressive statistic, considering all of the minefields associated with keeping things … Read more: http://blog.intuit.com/employees/7-tips-for-succeeding-as-a-family-business/?utm_source=rss&utm_medium=rss&utm_campaign=7-tips-for-succeeding-as-a-family-business Use Viddy and Instagram to Engage with Customers Social media and reality TV have quietly changed what we expect from the people with whom we do business. We get a behind-the-scenes glimpse into lives of celebrities, entrepreneurs, and … Read more: http://blog.intuit.com/marketing/use-viddy-and-instagram-to-engage-with-customers/?utm_source=rss&utm_medium=rss&utm_campaign=use-viddy-and-instagram-to-engage-with-customers Kathy Sidell on Living the American Restaurant Dream Kathy Sidell grew up in a family of foodies. In 2005, the producer-turned-restaurateur opened the Metropolitan Club in Chestnut Hill, Mass. Since then, she's expanded the upscale burger bar to … Read more: http://blog.intuit.com/trends/kathy-sidell-on-living-the-american-restaurant-dream/?utm_source=rss&utm_medium=rss&utm_campaign=kathy-sidell-on-living-the-american-restaurant-dream In the Trenches: When Service Offerings Begin to Blur At Cranky Concierge, we have a fairly simple menu of services: flight planning, flight monitoring, and urgent assistance. Although we handle various tasks in each of these three categories, our … Read more: http://blog.intuit.com/marketing/in-the-trenches-when-service-offerings-begin-to-blur/?utm_source=rss&utm_medium=rss&utm_campaign=in-the-trenches-when-service-offerings-begin-to-blur How to Revitalize the 'About' Page on Your Website Before customers buy anything from your small business, they may want to know more about it and you — perhaps so they can determine whether or not they think your … Read more: http://blog.intuit.com/marketing/how-to-revitalize-the-about-page-on-your-website/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-revitalize-the-about-page-on-your-website What's Your Small-Business Brand Strategy? Branding is about more than having an eye-catching logo. It's about the promise you make to your customers to provide a product or service, to do so with consistency and … Read more: http://blog.intuit.com/marketing/whats-your-small-business-brand-strategy/?utm_source=rss&utm_medium=rss&utm_campaign=whats-your-small-business-brand-strategy Have You Checked Your Online Reputation Lately? Reputation. It's a concept you hear about from a young age but probably give little thought to — until negative words are spoken about you. Then, suddenly, you're all too … Read more: http://blog.intuit.com/marketing/have-you-checked-your-online-reputation-lately/?utm_source=rss&utm_medium=rss&utm_campaign=have-you-checked-your-online-reputation-lately Shop Intuit: Website Services QuickBooks Payroll GoPayment Point of Sale Get Help: Support Community

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