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Independent Entrepreneurship (I.E.), the way out for the poor and desperate

A Independent Entrepreneur(I.E.) is a free man, totally free from company policies and regulations. He chooses his own work, time and life. His job specifications and modus operandi change continuously with new business development. His type of work encourages self-management and self-actualisation. In a nutshell, he works for himself.

‘Freedom’ is ideal, but actual experience is obtained in the business world. How can we realise our dreams and become a ‘Independent Businessman'?

Among the 21 countries in the Asia Pacific Economic Caucus (APEC), each nation’s small to medium industries constitute 97%-99.7% of its total industrial entity, offer 55%-78% jobs, 50% of the nation’s GDP, and 40%-60% of its export revenue. In the USA, the Silicon Valley consists of almost entirely small to medium industries. No wonder America calls their small to medium industries the backbone of the American economy.

Types of I.E.

  1. Internet trader
  2. Computer/Phone repairer 
  3. Web Designer  
  4. Business Trader
  5. Stockbroker
  6. Recycle business
  7. SOHO business
  8. Finance services agent
  9. Transport operator
  10. Real estate agent
  11. MLM/Direct selling distributor
  12. Insurance agent
  13. Unit trust agent
  14. Will writer & more

Independent Entrepreneurs (I.E.) needs to put up high initial funding!!!

  1. An I.E. cannot afford the initial cost of setting up a business
  2. Monopoly catalyses the ‘demise’ of I.E.
  3. I.E. business normally fades off faster
  4. More and more I.E. “come and go” too frequently
  5. Inadequate pre-planning hastens the fall of most I.E. 
  6. Most I.E. tend to be ‘laid back’, lacking planning experience
  7. Most I.E. tend to be ‘laid back’, lacking planning experience
  8. I.E. tend to be easily satisfied. They do not make use of their savings to expand their businesses.
  9. I.E. are not used to team work and tend to give up beneficial long-term cooperation for short-term gains
  10. Most I.E. are ‘groping alone’ in the market and learn by themselves, increasing the chances of failure

The Traits Of A Successful Independent Entrepreneur (I.E.)

  1. Hardworking
  2. Through pre-planning(capital, business, premise, market survey, test marketing etc)
  3. Strong training on starting a business and management skills
  4. Have full support from financial institution for strong growth
  5. Have a trustworthy business management consultant
  6. Able to turn into a small to medium industry when the business grow “steadily”