Self-Analysis

Your Own Business Self-Analysis

Check out the video I made on the topic below:

In this article, I will try to answer the questions “Why is business analysis so important?”, “Which analysis should we use?” and “How do we analyze?”.

It doesn’t matter whether you’re still looking for your line of work or if you are adept in a business area, there are a few things you should do periodically to “get on track”. I am referring to Self-Analysis and planning.

The Self-Analysis process includes reviewing and analysis of your own interests, needs, and aims, skills, and qualities, values, your failures and successes so far, attitude models, etc. The process includes “piecing together” and analyzing the result.

Defining your own positive and negative features is particularly difficult. I will attach a SWOT (strengths, weaknesses, opportunities, and threats)  Analysis blank in this article, and that way each and every one of you can self-analyze. I advise you to do it here and now and try again in a week. You will be surprised how after one week the result will be completely different. You will find a lot more weaknesses in your self than you will today since during that week your consciousness will single out every single thing that happens to you based on the SWOT Analysis’ questions.

This analysis is pretty easy and quite useful for everyone.

I, personally, found strong sides of my character from it, which I never suspected. For example, I never realized, that working on three monitors at the same time is an advantage. But you can get a lot more work done.

I strongly advise you to do the Self-Analysis. Finding out your strong suits as well as the qualities or flaws you possess is a lot more important than finding out what your competitor’s strategy is.

You can find the SWOT Analysis blank here:  https://docs.google.com/document/d/1hTmu8u10gjpWY8Ke-FkRnN22TVgr0YqthCgrbGPW-ps/edit

 

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Art

Why Does Every Book Contains The Word “Art”?

Check out the video I made on the topic below:

In this article, I wanted to go over a topic which is on my mind quite a lot.

Every time I go to a library, I would see the words “The Art of…” written on the cover of a book.

It is an undeniable fact that nowadays Art is a much-needed deficiency. Art is what people look for and that is why people write about it, despite there being books with the title “The Art of…” where the Art is nowhere to be found.

The truth is that people need Art. Each and every one of us does.

Sadly, a lot fewer people are attending a theater, opera, ballet or classical music concerts.

It is as if Art is missing from our homes as well. For example, very few people have paintings or statues in their homes.

I doubt that anyone of us ever thinks that this is an issue. In time, due to the world getting less and less beautiful, people will turn into robots. Robots that work for money without a purpose. It sounds dark, but unfortunately, this is where the world is heading.

No matter how much money we have, we all need Art. We need good music, beautiful paintings, and nice poems.

I hope this article has inspired you to attend an event you find interesting or buy something beautiful that sparks joy when you look at it.

 

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90-Day Challenge

90-Day Challenge

Hello everyone!

Today I want to present you a 90-Day Challange.

I Challenge you to post 10 products in your eBay store every day within 90 days.

If you reach your account’s limit, you can always call eBay and ask them to extend it. If you do, they will ask you where you get your goods from and what kind of goods are you selling. Nothing to worry about. eBay would simply like to know a bit about your business so, they ask questions like:

  • Where do you get your goods from?
  • What do you aim to do with your business?
  • How fast do you ship your orders?
  • What products do you have and are willing to sell?

You will notice that on the 90th day you will have 10 times the traffic if you list at least 10 products.

This is a proven method. Try it out and you will see that it will work!

Like Jerry Bresser once said: “List more, sell more”

Good luck, everyone!

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My first failure in the software business

My First Failure With The Software Business

Check out the video I made on the topic below:

 I received a lot of criticism for what I said personally from friends and acquaintances. The criticism was followed by advises to hire a PR agency so I don’t say things that would ruin my reputation. I am only going to say it once: Vitan Radushev does not need an agency to tell him what is right or wrong. If I feel that something can be done better – I speak up. I do so based on the experience I have with software development. I can see how my new and old products sell. smpro.net earns $23.25 with the scrappers average while listerhero.com – $19.99. The plugin has not broken down in months and the repricer is tough to deal with, especially when the client base grows.

 

In this article, I want to tell you about my first failure in the software business.

Years ago, when I was creating the platform smpro.net, which was made for Dropshippers in eBay, I didn’t have a clear idea how to write software and how to grow a business. I didn’t know what rules to follow and how to build it adequately.

That is why I decided to create a platform that will satisfy the needs of all users.

That is how me and my colleagues started working on it. We wrote a platform like repricer and started integrating trackings, accounting modules, and many other things.

The platform itself became huge! It took us many years. In the end, it turned out that the users had gotten used to a specific price for a specific service. That way, offering them a few other services it made sense for the price to go up. With the price being raised, a lot of users felt it was expensive. The users are used to pay separately for the same services of different companies but that way the feel like they are paying less. Because of that, the clients on the platform were becoming fewer and fewer and the software could not prove that it was the best on the market.

The truth is for you to have a successful business you need to have a pre-made plan of the model you are going to follow; what kind of service are you going to offer clients. You need to have an idea of where the market is going.

The conclusion is that if me and my team made a few minor tools which were less complicated than that big platform that we created, we were going to earn a lot more money. The tools themselves were going to need smaller maintenance resource and that would have made our business much more successful.

I can tell you from my experience that before you “make it big” you need to “make it small”!

 

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Startup money

How Much Money Do You Need To Start Your Own Business?

You can check out the video I made on the topic below:

In this article, I will try to answer the frequently asked question: “How much money do I need to start my own business?”

Online arbitrage has the lowest investment threshold in the online business area. To start that kind of online business you need around 200-250 dollars in revenue and in a few months, you can potentially earn $20-$30 a day!

Another question that gets asked often is: “How many days does it take for me to start earning money?”. That is like me asking someone “How long will it take me to make muscles?” or “How long until I can run 100 meters in 4 seconds?”. Everyone has different potential! Everyone has different skills and has been doing different things before that. 

People experience various kinds of difficulties and there is no specific answer to the question “How long will it take for me to start earning money?”. The answer can differ depending on the person. It’s possible to reach a $1000 monthly profit right after the first month as a beginner. Some people achieve it, and others have no sales even after 1 year.

Dropshipping isn’t as easy as everyone thinks it is! Almost everyone has the wrong impression that all it takes is clicking a few buttons. The thing is that you need skills, skills that develop over time, experience, and the right sources to extract the necessary knowledge from. That is how skills are built – first we educate ourselves and then we start working until it shows!

Many of my students are already working and earn good money. Some of them gave up because they found the business difficult. People aren’t meant to excel at everything. The decision is entirely up to you. If you don’t want to fail and really want to succeed in this endeavor from the first try, you need serious preparation for its start.

The more stubborn you are and the more time you put into your business – the lower the probability of failure.

 

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