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February 28, 2018

Start Your Own Enterprise

Before we start our enterprise, we must have two eyes, one is Economic Eye and another one is Dhamma (Moral) Eye. Mind-centred religion will make balanced economic enterprises to gain profit and to give (generosity/charity)(sharing the Profit) for the benefits of all human beings (to the People) in this Planet.
The entrepreneurs need to learn more on the Buddha’s teaching to make the planet peace, progress and prosperous. Supreme Blissful Peace is the highest stage of purity of mind which can be obtained only by the highest degree of morality, concentration and insight wisdom. Hence, there is no attachment to life or existence, no selfhood, no desire for passion and lust. On the whole, not a single taint of craving is found in supreme blissful peace and ultimate happiness.
Avoid all evil things. Strive on with diligence. It is, in actuality, the most supreme state of peace and happiness where there is no rebirth and as a result all suffering, pain, sorrow grief, lamentation, etc. exist no more. It is absolute peace, tranquillity and fulfilment: no anguish is there for him who has ended his journey and is free from all sorrow who is emancipated in every way and has destroyed all attachments.
One should give up anger, renounce pride, and overcome all fetters. Suffering never befalls him who clings not to mind and body and is detached. Truly, “it is to avoid the taking of life, to avoid theft and misappropriation, to avoid sexual intercourse with women under the protection of their father, mother, brother, sister or relatives, married women, and women under the ban of the king, engaged women and women who are the temporary wives of others (avoid altogether 20 types of women). Now avoidance of killing, of theft and of sexual intercourse with the prohibited classes of women is called mundane Right Action: it results in good worldly fruits in this life or another. And the complete rejection of these actions with pure mind intent upon the Path is deliverance – that is called transcendental Right Action and has its results in the Paths and Fruits of Purity.” And what now is Right Livelihood?

“The entrepreneurs need to learn more on the Buddha’s teaching to make the planet peace, progress and prosperous
One should first establish oneself in what is proper; then only should one instruct others. Thus the wise man will not be reproached. The right mindfulness is truly the contemplation of the Body, of Feeling, of Consciousness and of Mental-objects.
Well done is that action doing which one repents not later, and the fruit of which one reaps with delight and happiness. The Nobel Eightfold Path is conveniently divided into three parts, namely Right Understanding (View) and Right Thought (Intention) belonging to (Panna) (Wisdom), Right Speech, Right Action and Right Livelihood to (Sila) (Morality), and Right Effort, Right Mindfulness and Right Concentration to (Samadhi) (Concentration). In order to realize the Four Noble Truths, an aspiring person must find them out within himself, i.e., one must meditate to fully understand the true nature of the aggregate of Mind and Matter within one self.
Efforts (Woking hard) makes the impossible possible. According to the Buddha’s Teaching, we should follow the Four Guidelines of prosperity and successful enterprise. The first one is Strenuous and Concerted Efforts in which three requisites are included. Perseverance is one of the essential requisites in undertaking any business enterprise. Knowledge and Skills (Conceptual, Technical, Managerial and Human Relations skills) are another essential requisite for sustainable and successful and significant business undertakings. Next requisite is Technology (Production, Banking, Insurance and Investment, Information, Communication, Market, Management, Financial, Human Development).
“Putting Morality (Character/Discipline) First” or “Make Our Moral Conduct Clean” is an important practical guide in our responsible enterprises for the peace, progress prosperity, freedom and security of the people, and planet. First thing in the process of taming the mind is restraint. One has to restrain from eye, ear, nose, tongue, body and mind.
Result-Based Management is now popular in Modern Business Environment. Peter Drucker makes a distinction between the “moral mission” and the “economic mission” in his book “Managing for Performance. “Non-profit institutions generally find it almost impossible to abandon anything. Everything they do is “the Lord’s work” or “a good cause.” But nonprofits have to distinguish between moral causes and economic causes. A moral cause is an absolute good. Preachers have been thundering against fornication for five thousand years. Results, alas, have been nil, but that only proves how deeply entrenched evil is. The absence of results indicate only that effort have to be increased. This is the essence of a moral cause. In an economic cause, once asks. Is this the best application of our scarce resources? There is so much work to be done. Let’s put our resources where the results are. We cannot afford to be righteous and continue this project where we seem to be unable to achieve the results we’ve set for ourselves. To believe that whatever we do is a moral cause, and should be pursued whether there are results or not, is a perennial temptation for non-profit executives–and even more for their boards. The nonprofits are human-change agents. And their results are therefore always a change in people–in their behaviour, circumstances, vision, health, hopes, above all, in their competence and capacity.
“Start Your Own Enterprise” encourages us to implement the motto “Earn while you learn, learn while you earn”. There are many books online and offline. Here is just intro for the people who are interested in “Be Your Own Boss”.  Value-added agriculture offers entrepreneurial farmers an opportunity to identify and pursue new crops and new markets. This rapidly growing segment of (USA’s North Carolina’s or else) agricultural economy offers both the established and the new farmer a variety of ways to develop a business and take advantage of its profit potential. Like any business venture, value-added agricultural opportunities carry risk. That risk varies with the size of the investment, the type of product(s) selected to grow, and the market potential. Other factors that affect risk are the entrepreneur’s expertise, or access to expertise, in the areas of marketing, business management and financial management. This overview, (which is the first of a series entitled Value-Added and Alternative Start-up Tool Kit), offers a broad look at each of the areas to consider when researching the possibility of undertaking a value-added agricultural enterprise. “Personal”: 1). Do you have prior business experience of any kind? 2). How many hours a week can you devote to managing and operating the enterprise? 3). What skills and experience do you possess that relate directly to the proposed enterprise? 3). Does your family understand that there may be financial hardships while the business is being developed? 4). Do you have an available support system? “Marketing”: 1). Have you identified a viable niche market? 2) Have you researched this market to determine its growth potential? 3). Have you identified key marketing components to help you define your product? 4). Do you have an understanding of what will affect your product’s price? 5). Have you looked at the volume potential for your niche? 6). Have you determined how you will reach your customers? 7). Have you adequately evaluated your competitive environment? 8). Have you assessed what will be needed to promote your product? 9). Have you determined that you can differentiate (i.e., brand) your product? “Management”:
1). What experience do you have in making day-to-day business decisions? 2). What experience do you have in hiring and directing the work of other people? 3). Do you have a framework, or methodology, that you use to evaluate situations in order to determine a course of action? 4). Do you assess situations with both a short-term and a long-term perspective? 5). Do you have a basic understanding of the laws and regulations that affect the type of enterprise you are considering? 6). Have you reviewed your insurance needs? 7). Do you understand the different types of business legal structures, how to set them up and the tax impact on your business of each structure? “Financial”: 1). Have you evaluated your personal financial situation? 2). Have you researched the start-up costs of your business? 3). Have you evaluated the capital and human resource investment requirements to begin your enterprise? 4). Do you have a working knowledge of financial statements? 5). Do you have access to business capital at an affordable interest rate and workable terms? 6) Have you developed profit projections for the first three years of your business? 7). Can your family continue to pay its monthly obligations if your business sustains a loss during its start-up year? 8). Do you understand the basics of record keeping? Other enterprises can follow these hints by adding some requirements it may be necessary.
Embody values (value respect and relationship) is the quality of a great leader. The leader is the one who knows the way, who goes the way, who shows the way and who leads the way. Social enterprise is a different way of doing business. A social enterprise is a business that trades for a social purpose. The social aims of the business are of equal importance to its commercial activities, and this combination is often referred to as the ‘double bottom line’. Like any business, a social enterprise focuses on generating an income through the sale of goods and services to a market but the added value of a social enterprise comes from the way in which it uses its profits to maximise social, community or environmental benefits. Both social enterprise and business planning come with their own sets of jargon and terminology. Wherever practical, we have attempted to explain the meaning of any jargon that you should expect to encounter. The social enterprise sector is both vibrant and developing. If you are unfamiliar with social enterprise, you can find out more by consulting various websites about social enterprises which will direct you to further sources of information.The journey of your enterprise start from Motivation, Preparation, Assessment, Test Your Idea, Exploration, Business Planning and then Start Up. Have a good start.


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