Entrepreneurship and Leadership

  In the workplace, leaders who “lead by example” and inspire others to do the same are critical to an organization’s success. Leaders are arguably the most critical asset in any organization and are counted on as pillars to hold up and support the rest of the workforce. As such, their role is the most inspected and their success is most directly correlated to organizational success. As a leader, you are expected to be a problem solver. But you don't need to have all the answers. In fact, leaders are not only  allowed  to but are  obligated  to use any and all resources at their disposal to come up with the best solutions.  Great Leadership When thinking about great leaders  we often think of the characteristics they have that most people lack. That’s not how the legendary business leader W. Edwards Deming saw things. He believed that leadership isn’t about the individual at all. In fact, he saw leaders more as facilitators and the people being led as ...

The leadership expectations provide key attributes and competencies that all managers of staff  are expected to demonstrate in their roles.  Managing   is designed to assist staff (at all levels) in further strengthening their skills and abilities to ensure that they are able to effectively achieve the following expectations: Demonstrate Integrity and Character      Consistently exhibit a high standard of integrity and ethical behavior      Resolve conflicts in an open and direct manner      Communicate candidly Achieve Outstanding Results      Set clear goals and priorities      Deliver on commitments      Make timely, high-quality decisions      Add value with superior expertise      Deliver a high level of customer service Inspire and Develop People      Select the best people for the organization      Actively develop pe...

Society is more concerned that business activities, which are carried out within countries, are operated respecting compliance with minimum requirements that help healthy social and environmental coexistence between human beings and other living beings that integrate nature, where different types of activities are developed for the production of goods and services In this process of increasing concern for social and environmental issues, the development of information and communication technologies (ICT) has played an important role - an example is the Internet -, thanks to these tools access to data has been facilitated and information on proposals and actions that, around the world, are carried out to improve the quality of human life, in harmony with the natural environment where other living beings also live Social responsibility and business development When talking about social responsibility, it refers to the concern that the entrepreneur shows for the three key areas of the dev...

 Watch the following video and take notes on your notebook:  https://www.youtube.com/watch?v=lmyZMtPVodo

Being an effective leader is one essential part of running a successful business. But there isn’t just one right way to be a great leader. You can choose and develop a leadership style that works for you, your team and your business goals. Below are some established effective leadership styles  and tips to help you form your own leadership style. Transformational Leadership One type of effective leadership style is transformational leadership. Transformational leaders work with the goal of transforming their teams and organizations so that they’re constantly improving. They create a vision of the future that they share with their teams so that everyone can work together toward that shared goal and vision. Transformational leaders are also often seen as authentic, self-aware and empathetic. In addition, they handle conflict among team members well and hold both themselves and their team members accountable. Democratic Leadership Democratic leaders include their team members in ...

 Watch the following video and make a summary on your notebook: https://www.youtube.com/watch?v=Hmbs_8uJ16w This video is in Spanish and it will help you understand better the tax culture in Ecuador.

To facilitate the process of estimating the financial projections of income, costs and expenses, the entrepreneur can use computer tools, such as Excel or a reliable software. In the case of Excel, to make future projections, based on the knowledge of the historical behavior of some variable, the entrepreneur has some options within the section related to statistical functions: one of them is the estimation of data lines. At the time of the financial evaluation of the project, they also have the possibility of using the applications that are within the financial functions, the calculation of the internal rate of return and the net present value. Excel can also be a support during market research, since within statistical functions the measures of central tendency and dispersion can be calculated from the data on the behavior of the target market.

  Be Authentic and Open It’s easy for an “us vs. them” mentality to fill a company when managers pretend that they have all the answers. This resentment can only be reversed by having managers take off the mask and be authentic, building trust, and ultimately promoting employee acceptance. Build Their Confidence to Build Your Company Your team is an asset, and like any asset, you want to see its value grow. Ego is one of the greatest motivators. Building someone’s confidence can have a powerful and positive impact on their work as an employee. Your job as a leader and manager is to help your team members strive to be their best and reach their maximum potential. Focus on Education Knowledge is power, so continually educating your employees empowers them to make bigger contributions to the company’s success. Plus, since you are ultimately responsible for their output, when they succeed, so do you. Education also lifts the veil of secrecy between management and employees th...

The process of consolidating a national tax culture in accordance with that principle and is a challenge that helps the country to facilitate the implementation of fair, equitable, clear and supportive tax policies to regulate taxes so that all citizens contribute in based on their income, because based on them the government can fulfill the rights and provide guarantees of society such as security, order, freedom, defense, education, health, roads, production, employment, etc. To face this challenge, on October 19, 2007, through ministerial agreement number 387 of the Ministry of Education, it was established that every April 27 the national day of tax culture be commemorated in Ecuador with the purpose of raising awareness among the students and citizens in general on the payment of taxes, seen as one of the most important duties of citizens since it constitutes a contribution so that the government can execute national development projects. Role of the educational system in the cons...

The analysis of the viability of an entrepreneurship project takes shape when the entrepreneur performs calculations on the determination of the equilibrium point according to this it will be possible to know if the projected sales cover the expenses and costs of the business that is going to be created. Equilibrium Point The equilibrium point is the level of production and sale that the project must reach to fully cover its costs and expenses, it is the point where total income is equal to the sum of all fixed and variable costs and expenses that the entrepreneurship requires. The equilibrium point calculation is information that can be used for different situations such as: support for determining the sale price, promoting the definition of the company's cost structure, helping the knowledge of the minimum quantities to produce and sell in order not to lose or gain in the business, guides to the location of the impact that it generates on the level of financial profit, each addit...

In the workplace, leaders who “lead by example” and inspire others to do the same are critical to an organization’s success. Leaders are arguably the most critical asset in any organization and are counted on as pillars to hold up and support the rest of the workforce. As such, their role is the most inspected and their success is most directly correlated to organizational success. As a leader, you are expected to be a problem solver. But you don't need to have all the answers. In fact, leaders are not only  allowed  to but are  obligated  to use any and all resources at their disposal to come up with the best solutions.  Great Leadership When thinking about great leaders  we often think of the characteristics they have that most people lack. That’s not how the legendary business leader W. Edwards Deming saw things. He believed that leadership isn’t about the individual at all. In fact, he saw leaders more as facilitators and the people being led as the tru...

  Benefits of being affiliated to IESS When a worker is affiliated with the IESS, immediately, he begins to have the right to a series of benefits, especially related to the field of health protection that, in several cases, can be affected by the exercise of labor activity you have been hired for. Among the main obligations that must begin to be fulfilled, in a timely manner, from the moment a worker joins the IESS are: payment of personal contributions, payment of employer contributions and payment of reserve funds. Employer contributions It is the additional payment to the worker's compensation that the employer must make on a monthly basis. In the case of private sector workers, who are in a dependency relationship, the contribution is equal to 11.15% that must be paid to the IESS during the first 15 days of each month. Hence, this item must be part of the monthly budget of costs and expenses required by the operation of the business that has been created by the entrepreneur. P...