Sunday, November 6, 2016

#1 Bestseller Nominated for Business Book of the Year

Leadership Expert Ravinder Tulsiani announced that his business book, 'Your Leadership EDGE: Mastering Management Skills for Today's Workforce', has been nominated for the Financial Times Business Book of the Year.

The book has already hit 3 bestseller lists on Amazon.

With the advent of new age, and a competitive landscape that's now global, it has become quite crucial for the business owners to rethink their approach of management. 'Your Leadership EDGE: Mastering Management Skills for Today's Workforce' is one of such highly inspirational books that, unveils the secrets of successful leadership in 21st century.

It is a must have for those who want to discover their core strengths and weaknesses as a business leader. Packed with practical step-by-step information and compelling content, it is a powerful new book that will help readers to unlock their leadership potential and become more aware of the key leadership qualities they need to become successful!

This book places an immense amount of importance on group morale and productivity in workforce that has proven to be the very foundation of successful leadership. Topics discussed on the book include countless proven strategies that will lead readers through a process of self discovery and analysis that allow them to assess their core strengths and weaknesses, and identify what kind of leaders they really are. Besides this, it guides readers through the process of becoming the kind of successful leader they always wanted to be.

Earlier in the year, the book was also nominated for ‘2015 Small Business Book Awards’ by Small Business Trends and has appeared in Goodreads ‘Top Ten Management Books’ list.
To buy the book or learn more about Ravinder Tulsiani, simply visit http://www.yourleadershipedge.ca/

About Ravinder Tulsiani
Ravinder Tulsiani is a Senior Learning Consultant with TRAINING EDGE with over 13 years experience in training and development. A Leadership Expert, Author and Speaker Tulsiani has appeared on several major media outlets including Bloomberg, CNN and Wall Street Journal. He is the author of numerous quality, business and self-help resources.

For details visit: http://www.ravindertulsiani.net

Thursday, September 22, 2016

Top Entrepreneur Quotes

1. “The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.” Nolan Bushnell, entrepreneur.
2. "Do. Or do not. There is no try." - Yoda, Jedi Master.
3. “To any entrepreneur: if you want to do it, do it now. If you don’t, you’re going to regret it.” - Catherine Cook, co-founder of MyYearbook.
4. “It’s not about ideas. It’s about making ideas happen.” - Scott Belsky, co-founder of Behance.
5. “I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game's winning shot and missed. I’ve failed over and over and over again in my life and that's why I succeed.” - Michael Jordan, NBA Hall of Famer.
6. “There’s nothing wrong with staying small. You can do big things with a small team.” - Jason Fried, founder of 37signal.
7. “Ideas are easy. Implementation is hard.” - Guy Kawasaki, founder of AllTop.
8. “If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.” - Mark Zuckerberg, founder of Facebook.
9. "The best time to plant a tree was 20 years ago. The second best time is now." - Chinese proverb.
10. “Never give in–never, never, never, never, in nothing great or small, large or petty, never give in except to convictions of honour and good sense. Never yield to force; never yield to the apparently overwhelming might of the enemy.” - Winston Churchill, British Prime Minister.
11. “There’s lots of bad reasons to start a company. But there’s only one good, legitimate reason, and I think you know what it is: it’s to change the world.” - Phil Libin, CEO of Evernote.
12. “The secret to successful hiring is this: look for the people who want to change the world.” Marc Benioff, CEO of Salesforce.
13. “The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.” - Vince Lombardi, head coach of the Green Bay Packers (1959-1967).
14. "When everything seems to be going against you, remember that the airplane takes off against the wind, not with it." Henry Ford, founder of Ford Motor Company.
15. “If you’re not a risk taker, you should get the hell out of business.” - Ray Kroc, founder of McDonald’s.
16. “Watch, listen, and learn. You can’t know it all yourself. Anyone who thinks they do is destined for mediocrity.” - Donald Trump, chairman of The Trump Organization, the Trump Plaza Associates, LLC.
17. “Always deliver more than expected.” —Larry Page, co-founder of Google.
18. "Twenty years from now, you will be more disappointed by the things that you didn't do than by the ones you did do, so throw off the bowlines, sail away from safe harbor, catch the trade winds in your sails. Explore, Dream, Discover." Mark Twain, author.
19. “You shouldn’t focus on why you can’t do something, which is what most people do. You should focus on why perhaps you can, and be one of the exceptions.” - Steve Case, co-founder of AOL.
20. "A person who never made a mistake never tried anything new." - Albert Einstein, physicist.
21. “Risk more than others think is safe. Dream more than others think is practical.” - Howard Schultz, CEO of Starbucks.
22. “I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.” - Steve Jobs, co-founder and CEO of Apple.
23. “Be undeniably good. No marketing effort or social media buzzword can be a substitute for that.” - Anthony Volodkin, founder of HypeMachine..
23. “The way to get started is to quit talking and begin doing.” - Walt Disney, co-founder of the Walt Disney Company.
24. "You miss 100 percent of the shots you don't take." Wayne Gretzky, NHL Hall of Famer.
25. “Do not be embarrassed by your failures, learn from them and start again.” - Richard Branson, founder of the Virgin Group.
26. “It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.” - Richard Harroch, Venture Capitalist.
27. “If you don't know what to do with your life, do something that saves lives. The world is full of of people in need, be the part of their life that fills that need.” - Sanjeev Saxena.
28. "It does not matter how slowly you go as long as you do not stop." - Confucius.
29. “I hate how many people think, “glass half-empty” when their glass is really four-fifths full. I’m grateful when I have one drop in the glass because I know exactly what to do with it.” - Gary Vaynerchuk, co-founder and CEO of VaynerMedia.
30. “It's hard to beat a person who never gives up.” - Babe Ruth, Major League Baseball Hall of Famer.
31. “For all of the most important things, the timing always sucks. Waiting for a good time to quit your job? The stars will never align and the traffic lights of life will never all be green at the same time. The universe doesn't conspire against you, but it doesn't go out of its way to line up the pins either. Conditions are never perfect. "Someday" is a disease that will take your dreams to the grave with you. Pro and con lists are just as bad. If it's important to you and you want to do it "eventually," just do it and correct course along the way.”- Timothy Ferriss, author of The 4-Hour Work Week.
32. “Fail often so you can succeed sooner.” - Tom Kelley, Ideo partner.
33. “We are currently not planning on conquering the world.” - Sergey Brin, co-founder of Google.
34. “Timing, perseverance, and ten years of trying will eventually make you look like an overnight success.” - Biz Stone, co-founder of Twitter.
35. "You may be disappointed if you fail, but you are doomed if you don't try." Beverly Sills, opera singer.
36. “The media wants overnight successes (so they have someone to tear down). Ignore them. Ignore the early adopter critics that never have enough to play with. Ignore your investors that want proven tactics and predictable instant results. Listen instead to your real customers, to your vision and make something for the long haul. Because that's how long it's going to take, guys. - Seth Godin, author, entrepreneur, marketer, and public speaker.
37. “When you cease to dream you cease to live” - Malcolm Forbes, chairman and editor in chief of Forbes Magazine.
38. “Don’t worry about funding if you don’t need it. Today it’s cheaper to start a business than ever.”- Noah Everett, founder Twitpic.
39. “If you can't fly then run, if you can't run then walk, if you can't walk then crawl, but whatever you do you have to keep moving forward.” - Martin Luther King, Jr., pastor, activist, humanitarian and Civil Rights leader.
40. "Your most unhappy customers are your greatest source of learning." – Bill Gates, co-founder of Microsoft.
41. "I have not failed. I’ve just found 10,000 ways that won’t work." – Thomas Edison, inventor.
42. "Entrepreneurship is neither a science nor an art. It is a practice." – Peter Drucker, management consultant, educator, and author.
43. "In the modern world of business, it is useless to be a creative, original thinker unless you can also sell what you create." – David Ogilvy, co-founder of Ogilvy & Mather.
44. “It doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you because all that matters in business is that you get it right once. Then everyone can tell you how lucky you are.” - Mark Cuban, Chairman of AXS TV, Owner of Landmark Theaters.
45. "Success is how high you bounce after you hit bottom." – General George Patton.
46. “If you’re not embarrassed by the first version of your product, you’ve launched too late.” – Reid Hoffman, co-founder of LinkedIn.
47. "Positive thinking will let you do everything better than negative thinking will." – Zig Ziglar, author, salesman, and motivational speaker.
48. “Don’t try to be original, just try to be good.” —Paul Rand, graphic designer.
49. “I’m not afraid of dying, I’m afraid of not trying.” – Jay Z, musician.
50. Whatever the mind can conceive and believe, the mind can achieve. – Dr. Napoleon Hill, author of Think and Grow Rich.

Friday, May 6, 2011

DO 'S AND DON'TS OF WRITING CLASSIFIED ADS

DO 'S AND DON'TS OF WRITING CLASSIFIED ADS

DO WRITE OUT ALL DETAILS in your ad offer. Read it, edit it,
and re-write it for a shorter, money saving effective ad.
"Think small".

DO FOLLOW ALL THE RULES when writing your classified ad. Use
these ideas.

Attention Interest Desire Action

DO USE A NAME with each classified ad including your envelopes.

DO NOT CHARGE for sales letters or circulars.

DO BE HONEST with all your classified ad claims.

DO IDENTIFY your product.

DO WRITE YOUR CLASSIFIED AD simple, clear and direct.

DO USE WORDS EVERYONE KNOWS and everyone will understand what
your are saying.

DO USE A WORD that will benefit a reader.

DO NOT OVERPRICE your product.

DO ADVERTISE FREQUENTLY. Constant exposure creates a familiar
offer with better response.

DO OFFER A MONEY BACK GUARANTEE in your classified ad,
salesletter or circular if possible. An excellent sales
technique!

DO TEST YOUR AD in 2 or 3 smaller, low cost publications.
Record results. Code each ad.

DO READ PUBLICATIONS that relate to your product. Write for ad
rates, paid circulation, discounts and closing dates. Keep
records.

DO HAVE ALL YOUR LITERATURE AND PRODUCTS ready for mailing when
your ad appears in the publication of your choice. Do not delay
in responding.

DO USE THE COPYCAT METHOD. Do what other successful advertisers
are doing. Only with a slight twist, idea or offer.

DO RUN SEVERAL ADS worded differently. Keep records of results.

DON'T OVER ADVERTISE. It can be expensive. If you want to, do
it gradually.

DON'T PRETEND YOU KNOW ALL THE ANSWERS. Because you don't.
Take time to find out what you need to know.

DON'T TRUST YOUR MEMORY. A thought will leave you as quickly as
it came. Always write down a good idea. NOW!

DON'T PLACE YOUR AD in the wrong classification.

DON'T WASTE YOUR MONEY on ad words to amuse or entertain, but
use words to persuade, inform and sell your product.

DO USE A SHORT BUSINESS NAME. Make it easy to pronounce and
remember.

DON'T FORGET THE M.E.D.I.C.S. Motivation. Enthusiasm. Desire.
Image. Creativity. Success!

DON'T GIVE UP. If your ad doesn't pull after a fair exposure,
try re-writing it. One or two different words may do the trick.

DON'T SPEND THE PROFITS. Re-invest the money in more continuous
advertising.

DON'T FORGET, an ad that offers "FREE DETAILS" means writing a
sales letter or circular.


AVOID HIGH TYPESETTING COSTS AND MISTAKES

Getting your price lists, brochures, catalogs or newsletters
typeset does not necessarily have to be a costly procedure.
Keep in mind that the main cost in typesetting is the time
involved in setting type. By minimizing the time needed to
create a typeset piece you can effectively keep your cost down.
The following suggestions can help reduce your typesetting
expense.

Know what you want the FIRST time around. Have a picture in
your mind. Trial and error can be costly. Don't have a
typesetter set it one way, then decide a different format would
look better.

Reduce and eliminate author's corrections by thorough proofing
and re-proofing.

Avoid minimum charges by combining small jobs and having them
set at the same time.

Try to use one family of type to save time and money by avoiding
font changes. The consistent look is better.

Give explicit instructions on marking up copy: type styles,
column widths/margins.

With a large job, such as a brochure or annual report, request a
style setting proof sheet to get approvals before the entire job
is done.

Avoid super rush jobs, especially if you don't really need them.

Avoid lengthy corrections on the phone. You might end up paying
for corrections later that could have been avoided if you had
done your editing on proof sheets.

Get the layout finished and approved before having type set...
the same goes for copy, of course.

Avoid the use of "run-arounds" (reducing the width of the copy
to make room for a photo in the column, for example). If you do
use them, use simple shapes, boxes, squares.

Avoid the use of curved or angular type. Type reading left to
right on a page (for example, this report) is faster and less
expensive to set than copy that is set in a curve or running
sideways on the page.

The use of unjustified text and captions is less expensive than
justified because it sets quicker, costing less time.

Don't depend on the typesetter to read your mind. Be specific.

CLASSIFIED & DISPLAY ADVERTISING 101

CLASSIFIED & DISPLAY ADVERTISING 101

Advertising isn't hard to do. You prepare an advertisement or write a
classified ad to sell your product or generate interest to send people more
information. But the way most people make mistakes is either by their
inability to write effective ad copy and by sending it to be published in
the wrong publication. Here are some pointers to follow:

Writing Effective Copy
Never try to sell anything costing more than $5 in a small display ad or a
classified ad. First of all, you don't have enough room to tell people
everything they need to know to entice them to order.

Instead, you need to employ the "Two-Step" method of advertising. Request
the reader to send you $1 or 4 first-class postage stamps for more
information. When they respond, you will send them a brochure, flyer, order
form and cover letter so they can place an order for the real product.

Now that pricing is out of the way lets talk about writing your ad copy.
The best way to learn how is to read the ads other people have written.
Don't copy them word-for-word, but use them as a guide to write your own ads.
Once you get the hang of it, you'll be writing effective ad copy just as well as the pros.

Advertising in the Right Publication. Although this may sound a little
silly and you think it is only common sense to know this - people will often
overlook this fact when choosing the publication they will be advertising in.
Instead, they will look for the lowest price for the amount of circulation
they receive. Unfortunately, this does not work out. Even though you need
to look for good deals that make it easy on your pocketbook, you will be
throwing money away if you don't pre-qualify the publication you choose.

One way of pre-qualifying the publication is to send for a sample copy.
Most publishers will send them to you free of charge for the asking. If you
don't know of any mail order publications, just write to Glenn Bridgeman,
PO Box 10150, Terra Bella CA 93270 or William Lee, Rt 1, Box 10790,
Madisonville TN 37354 and ask them to send you some. (Be sure to enclose
$1 or 4 first-class postage stamps in with your request to offset postage
costs.) If you tell them you are new to mail order and are interested in
publications to advertise in, you certainly will find the $1 you spent is
well worth the effort because both of these publishers are very reputable,
honest and helpful.

Study the publication to see what other people are advertising and how they
are advertising it. Contact some of the people who sell items similar to your
own with the hope of networking with them. You would be surprised how much
free publicity you can get just from corresponding, calling and networking
with others.

Once you locate a publication you want to advertise in, give it a try for
3 months. If you don't get any response or only a few orders, try another
publication. There are millions of them and eventually you will hit the right
target market that will be interested in what you have to sell.

Don't Stop With One Publication. Just because you locate the target market
of people who are interested in purchasing your product there is no reason
you can't advertise in more than one publication. In fact - if you don't,
your ad will become stale. If the same people continue to see your ad every
month they will probably get tired of looking at it. Besides, if they wanted
the product they would have ordered it by now. Don't tire them out! Alternate
different size ads and get rid of ones that don't work well.

Leave your ad running as long as it brings in orders for you but also
advertise in 5, 10, 20 or 50 other publications also to generate a steady
stream of orders and to reach more people.

Key Your Ads. Many beginners in mail order never key their ads so they
know what publication people saw their ads in. In fact, I personally never
did this myself and ended up losing a lot of money. So please don't make the
same mistake I did. Keying your ads means that you place a code of some sort
in your address so that when people write and order something from you, you
immediately will know where they saw your ad. Keep a record of every name
and address of the publisher you send an advertisement to. Record the date
you sent the ad and the date you received a checking copy, proving that your
ad appeared. Also record the "code" you used so you can immediately identify
where it came from.

If your address is "123 Anytown St," it could become "123 Anytown St,
Suite A" for one publication and "Suite B" for another. The postman will
still deliver your mail to "123 Anytown St." Of course, if you live in an
apartment complex and there are apartment numbers you could turn "111 Johnson
Apt A" into "111 Johnson, Apt A-1" for one publication and "Apt A-2" for
another. Post office box addresses are also simple. Turn "PO Box 585" into
"PO Box 585, Dept A-1" for one publication and "Dept A-2" for another.


People will sometimes even change their name on the ad for keying purposes.
You might see the name "Harriet's Recipe Book" instead of Harriet Ranger.
Harriet might also use "Harriet's Cookbook" or even "Harriet's Solution to
Stress" on her ads relating to these products. Use your own imagination and
pretty soon, keying your ads will be a normal part of your life.
Be sure and keep track (on your Record Sheet) of how many responses you
receive from each publication. After 3 months, look over your Record Sheet
and get rid of the publications that didn't do well. You'll go broke if you
spend $10 per month advertising a 2-inch ad if you only receive $1 back in
orders. After awhile you'll be able to see where it pays you to advertise
your particular product and then you can send in larger ads to those
publications. Never stop using this method and you'll never stop getting
orders in your mailbox. It's a win-win situation for everybody!

Tabloids -vs- Adsheets. Another question about advertising that many people
have is whether its better to advertise in tabloids or adsheets. Many people
will sell you information on the best day to mail and the best time of the
year to advertise. They think they have it down to a science and will
convince you of their methods.
However, there is NO set rules that can be employed by everyone. That's
because there are a wide variety of ways to approach various products. If
you sell travel services and read a report that told you not to advertise
during the summer months, you'd go broke. The summer is the travel industry's
biggest money-making season!

Don't get hung up on specific statistics made by people who claim to be
expert researchers. There is no way to determine what is best for you than
to try it yourself and see what works. You are the person in control of your
business and you are where the buck stops. Take advantage of your authority
and try every angle you can think of until you determine what's best for your
company's product and/or service.

Tabloids are a fantastic advertising vehicle and adsheets are too. Sometimes
people feel a small 1" camera-ready ad gets lost in a tabloid filled with
100's of them. This may be true in some circumstances and not true in others.
Do you look at 1" ads in tabloids? Of course you do. You scan the pages and
your eye is always directed to one or two on the page that catches your eye.
Ask yourself "why" they caught your eye. Was it because the ad was placed in
a specific area on the page? Was it because of the headline or the word
"free"?

Classifieds work well in tabloids and adsheets and sometimes they don't,
Look in the back of the Globe or Enquirer. Don't they have page after page
of classified ads? If nobody was reading them and responding to them, the
advertisers wouldn't be submitting advertising to the Globe or Enquirer for
them. So evidently, people DO read classified ads - even if there are 100's
of them. Test the waters and do what works the best for you.

Dispelling 8 Misconceptions of Organization

Dispelling 8 Misconceptions of Organization

Some people were born organized and then there are those of us who struggle with organizing every year at this time. It seems that it’s always at the end of the year when that little annoying bug begins nudging you to clear things up and start the new year organized.

Well, I’ve read just about everybody’s directions, books, and helpful hints about getting organized (in fact, I’m thinking of writing one myself), and I’ve got to tell you there are some misconceptions being fostered by every organizational guru. It will be my pleasure to give you the “skinny” on that in today’s column.

Here are the 8 misconceptions that we can throw out:

1. Handle paper once. This is not only impossible, but in most cases it’s unrealistic. Instead of handling paper once, get in the habit of doing something with each piece of paper to move it forward. If you get some information about an upcoming seminar/trade show, for example, decide if you’ll attend or not. If you’re to attend then note the date on your calendar and sign up. If not, then toss the information immediately. If you want to wait to sign up, then make a note in your planner to respond well before the deadline and file the paper in your “to-do” file.
2. Always keep papers stored out of sight: Some of us work better when their desk is clear, whereas others feel stifled if they aren’t surrounded by stacks of paper. If you’re an “out of sight – out of mind” type, keep papers you use often nearby in files or stacking bins. They’ll be accessible, yet not clutter your desk. When working on a project, spread out the papers related to it, and when you’re done put them away together in one place.
3. Everyone should be organized to the same degree. Different people work differently. Don’t feel that you have to work the same as someone else. Find a comfortable level of being organized, and make the necessary changes to maintain that level. I usually draw that line when I’m looking for something and can’t find it; that’s when I know things need to get reorganized.
4. Soon we’ll be a “paperless” society. Don’t you believe it. Experts have been saying that for years, and we won’t be paperless for a long time. It’s not technology that’s the problem, it is human nature that’s the culprit. We’re creatures of habit and used to seeing things in print rather than on a computer screen. The younger generation is now being trained on computers at an early age, so when they join the workforce, the “paperless” society will have a better chance of becoming a reality.
5. One planning system should fit everyone. When used correctly, daily planners are an ideal way to stay organized. Keep in mind, however, they are designed by a few for many users. When buying a planner, whether paper-based or electronic, determine what you want it to do and choose a system accordingly. If you can’t find one to suit your system, design your own based on your individual needs.
6. You have to be born organized to be organized. We learn both good and bad habits at an early age. It’s possible to change any bad habit, including disorganization. Youngsters raised in an organized environment sometimes rebel as adults by being disorganized. The opposite is also true, but neither is carved in stone and behavior can be modified.
7. You MUST use a “to-do” list. Planning day-to-day is not realistic for everyone. Someone may do the same task every week, but others find their plans changing daily. Consider your particular need, then plan by the day or the week.
8. Being organized means being a perfectionist. A perfectionist may spend time on insignificant details while disregarding the big picture. When others complete a project quickly and on time, the perfectionist continues to work until the project is perfect. A perfectionist becomes more effective when he/she lowers his/her standards slightly and concentrates on ways to increase productivity.

Misinformation, when taken seriously, can hinder you from doing what you want. The next time you hear one of those “Organizational Gurus” espousing one of the above misconceptions, consider its value and work to develop your own style of organizing.

When Did Customer Service Breakup?

When Did Customer Service Breakup?

We’ve all had friends in our circle who were known as “Mary & John”, and when “John” split “Mary” was alone. Mary was the “odd” number at the dinner party and we were all concerned about her. Well, today it seems that the union of Customer & Service have had a breakup. Service has split and Customer is on his/her own.

Today, let me tell you a story that many of you will find humorous but is all too common. I can tell you this without fear of our local editor getting sued because it’s about me, but business owners take note that you don’t fit the profile of company “X”.

Four weeks ago I decided that I needed another green recycling can from my trash pickup company. We’ll call them Brown Keg Trash Pickup, an anonymous company in the interest of avoiding litigation. I called their Customer Service number, and as an environmentally conscious citizen requested my extra recycle can. The cheerful voice on the other end of the line chirped, “Of course, we’ll have one delivered in 48 hours.” After giving her all the pertinent location information, I hung up the phone with the satisfied feeling of a good citizen.

I arrived home about 5 p.m. the next day and I was happy to see another green can at the mouth of my driveway. When I looked again, I noticed that I had another green can – but it was without a lid. I quickly dialed my cheerful telephone voice at Brown Keg Company thanking her graciously for the rapid service and then told her about the missing lid. Just as cheerfully as the first time, she told me to leave it at the end of my driveway after my usual trash pickup and they would replace the entire unit since they didn’t have extra lids. I agreed, and after hanging up the phone I pondered their plight of having lidless cans but no extra lids. I conjured up all sorts of scenarios that explained where all the lids to the lidless cans went, and sympathized with their predicament.

Well, 3 days went by and there sat my poor, green, lidless can at my driveway’s mouth and a replacement never arrived. Feeling empathy for this green plastic waif, I returned it to the side of it’s brother that had a lid. I called my cheerful Customer Service voice again, and reiterated the plight of my poor lidless can and after a chuckle she assured me a complete unit would be forthcoming. I found it necessary to make use of my lidless friend, and put it out the next pickup day filled to the brim. Fortunately, it wasn’t windy and all the contents remained inside it. That was 2 weeks ago, and life being what it is other more important tasks have occupied me until this morning when facing another pickup day I thought of my lidless friend.

Once more I picked up the phone and called my trash pickup company, and this time I listened to a litany of choices of buttons I could punch and chose my cheerful Customer Service button again. I was transferred, listened to a brief melody when there was a “click” and I expected my cheerful voice to chirp “hello”. The next thing I heard was another click, silence, and then the dreaded dial tone that means you’ve been disconnected. Not being one of the “fainthearted”, I simply redialed my number. Again there was the litany of button choices, my choice and the music, and just when I began to feel that all was right with the world I heard – “click”, “dial tone” and nothing.

This was not the morning for the phone to be playing games with me, so I made one more determined effort and REDIALED! “NASA, we have lift-off !” I once more heard the litany of button choices, but this time I outfoxed that monotonous voice and punched “0”. I asked for the Manager of Customer Service, I was given her name and was transferred. What greeted my eager ear was, “You’ve reached the voicemail of ……., please leave your name and number and she’ll return your call.”

So here we sit - my lidless, green can and I facing another pick-up day. This eager-to-serve plastic green waif must bravely face another dutiful day half-clothed.

You must admit that is an amusing story, and one that far too many of us have lived through, but what a sad commentary it is about our business community. Doesn’t it make you wonder if our language has changed so drastically that what we interpret “Customer Service” to mean - is not what today’s business owners mean. It makes me wonder when the marriage of Customer and Service broke-up, leaving us all the lonely ones.

Entrepreneurs and business owners take note! If you’re going to have a number for your customers to access your Customer Service, please follow these rules.
 Have the phone manned by an employee that can hear thunder and see lightening.
 Give that employee training in helping the caller and not shuffling the problem to another desk.
 Have an overseer, who can also hear thunder and see lightening, check that all incoming complaints were handled appropriately.

After learning how to find your customers and what they want; after getting them committed to doing business with YOU; and after wooing them to keep them as your customers – WHY WOULD YOU LET “SERVICE” DIVORCE “CUSTOMER?”
If your customers aren’t getting the service they require from you – your competitor will be only too happy to help them!

Prepare Crisis Control

Prepare Crisis Control

A personal crisis doesn’t have to spell disaster for your business if you’re prepared. Every business occasionally endures a crisis, but what happens when your dilemma isn’t falling profits but personal.

Because we have no idea what type of personal crisis may await us – an ugly divorce, debilitating disease, or ailing parent/child/spouse, we must be prepared. Just as you plan for advertising and promotions, you must plan for life’s surprises.

Paul Krasinski, founder of Lion Strategy Advisors, New York, suggests finding somebody NOW who can take over your responsibility and carry on for at least 20 days. He/she needs to be someone who can communicate well with staff and command respect, and may or may not be the person you feel closest to in the company.

Once a personal crisis hits, Krasinski recommends “full disclosure” to your employees. This avoids the feeling of being hit by a bomb, and that business will go on as usual. In case you think this doesn’t work, let me give you a case history.

Dana Weidaw, 28 and president of her own PR firm had only been in business 1 year when she tested “full disclosure” with her employees. She was diagnosed with an aneurysm which required a surgeon to drill through her skull. She had just landed her first major client and was publicizing a major hockey arena. If all didn’t go well with the project, this client could turn out to be her last.

Before missing 7 days of work, Weidaw prepped her full-time employee, another agency she was working with, and her client by sharing the nitty-gritty details of her crisis. She assured them everything would run according to plans and smoothly in her absence, and found that everybody was willing to work around her crisis. Weidaw found that, by nature, people are very sympathetic.

A word of caution though, you need to know when to talk. During and after a crisis – full disclosure is great. If you’re “contingency” planning though, it might be prudent not to advertise that if your personal life goes in the tanker good old Gary or Suzy will be in charge. Your employees may needlessly dwell on why they weren’t picked to run the show instead of them. Above all, you don’t want to cause widespread distress or distract your staff from day-to-day operation.

Just as surely as you plan for financial allocations for your business, always have a crisis plan in place. This may need adjustments from year to year as staff leaves and are replaced, so when planning for each year’s business needs include your crisis plan.

Good Girls Don’t Get Corner Offices

Good Girls Don’t Get Corner Offices

Are you a polite, hardworking, accommodating worker? Well, I’ve just learned that being a “good girl” can be a bad thing when it comes to your career and personal finances.

At a recent Breakfast Meeting of the National Association of Female Executives (NAFE) I heard a talk by Dr. Lois Frankel, the author of “Nice Girls Don’t Get the Corner Office: 101 Unconscious Mistakes Women Make That Sabotage Their Careers…”, which brought up some good points.

One of the things Frankel said was that women should understand and play by the rules. She asserted that hard work doesn’t get you ahead – it enables you to keep your job. Women have to start thinking strategically and start promoting themselves as team players.

Another point made was that women have to learn to “manage up.” People complain that the reason someone is getting ahead is that the boss likes them, and it’s true. You don’t have to flatter your boss or agree with everything they say, but you do want to let them know that you’re committed to his/her success. Then your boss will be committed to yours.

Another thing we women miss is building 360 degree relationships. Spend a part of your time at work nurturing sincere relationships at ALL levels. No one gets ahead by being tethered to their desk all day. Instead spend 15 minutes a day in casual conversation with co-workers and build connections.

Strange as it seems, since women feel that they’re liberated from the former stereotypes, you must pay attention to the “dress for success” mantra. A full 50% of your credibility is based on how you look, and how you dress. Another 40% is based on how you sound, so it’s not being phony or false to put your best foot forward – it’s strategic.

Now for all you women I hear groaning after that last point, I sympathize with you. As an entrepreneur, one
of my favorite perks is not having to don pantyhose everyday – but that doesn’t mean you can run around in pj’s or sweats either. You can put forth a very presentable, business-like, credible, impression with a neat pant suit – even with low-heel shoes. Add a well maintained haircut and style, and even with minimal makeup and smart jewelry you can look as smart as any office executive.

There’s also something of note for my male readers, if you’ve kept with me this far into the column. Women should pay attention, too, to the shocking statistics I’m about to reveal. Let’s not fall asleep at the switch, ladies!

A figure everyone should watch is:

Women fill less than 15% of Congressional seats. Among our 100 senators, only 14 are women and we hold only 15% of the seats in the House of Representatives. The result is, we have almost no say in Washington in the thousands of decisions that control our businesses, families, and lives. That means that 85% of the people shaping our lives are men.

At a time when women account for more than half of the nation’s population, why don’t we have greater representation in Congress? Surely women haven’t knowingly ceded our important decisions to men. I think this stunning inequity exists because people don’t know about it.


Why do we need more women in office? Because women politicians have a track record of introducing and pushing issues of interest to women and families. An example of this, in 1990, women in Congress realized that the National Institute of Health was conducting heart disease research only on men. So Congressional women called for an investigation of gender bias in medical research and catalyzed the Women’s Health Initiative to study women’s heart disease, breast cancer, and osteoporosis. We now know heart disease is markedly different in women, and with this one effort they saved many of our own lives and those of loved ones.

Granted there are many reasons why women don’t run for office: insufficient funding, family responsibilities, and an incumbency system that favors people in office (usually men). But there’s one reason we can change! Women, unlike men, wait to be asked to run. Ladies, it’s time to stop waiting! Start running!

More women in Congress could help us close the wage gap that still exists, and don’t kid yourself that it doesn’t. Recent research by NAFE shows that men annually earn, on average, $10,000-plus more than women in exactly the same jobs. If you can’t run yourself, then offer to work on the campaign of a woman running in your district and help her win.

Women must not remain the silent majority!!!! Let’s make this year a better year for women.

Markets & The Dynamics of Competition

Markets & The Dynamics of Competition

Today marketing is not the same as it was in the ‘60s or ‘70s, because there are enough products to satisfy customer’s needs. In fact customers are “hyper-satisfied”! Companies have segmented the market until it has become almost too small to service profitably.

Distribution is now largely in the hands of giant corporations such as Wal-Mart and Costco. There are more brands and fewer producers, products “life” have been shortened, and it’s cheaper to replace than to repair - all complicating the process further.
Marketing has always started with identifying the needs of your customer, but many companies are now focusing on the product. They focus on what category it falls into, and then what sub-category (for instance pudding and then what flavors). By focusing on the product, companies then focus on who’ll use the product, and those considered “not using” are excluded from the picture. In doing this, you’ve just given your competitor a target market.

You may have captured 75% of your “user market” because you have a USP (unique selling position) i.e.; more flavors, more convenient packaging, longer shelf life, etc. But why can’t YOU also take care of the other 25% instead of your competitor?

To do that, requires a new way of thinking known as “Lateral Marketing”. Stop thinking about how you can keep the 75% in love with your product (Vertical Marketing), think about drawing in the 25% of the market that wasn’t your customer. This is done by innovative thinking. This may be seen as further “segmenting” the market-place, but at the same time it’s making it bigger.

Let’s say you sell soap. You’ve captured 75% of your market because of some formulary development that makes more suds with less product. The 25% that your competition is trying to capture would rather spend less for soap, than use less. Your method of also capturing that 25% is to start thinking “innovation” and not different product.

Lateral Marketing works within the original category of product and complements it, not competes with it. You could come up with a soap with more bleach, with less foam, fragrance free, with more foam. You can innovate by size – selling in large economy packs, selling in individual packs, and do this without ever changing the formula of the product. This type of marketing works best for mature markets with no growth (after all, what new uses can you come up with for soap). It also can create markets from scratch, requires greater resources, and may redefine your company’s mission and business focus.

This innovative method of marketing doesn’t create “new” categories or markets, it always occurs “within” the category where the idea originated. If you’ve done everything right, you’ve garnered the 25% of customers that might have got away and it didn’t require a lot of overhead – you’re still producing soap!

Good Companies Grow No Matter What

Good Companies Grow No Matter What

Every business demands growth, and double-digit growth is the dream of every dedicated business owner, even when lackluster results show up at quarter’s end.

Most entrepreneurial business owners need a guide to navigate their way toward substantial, sustainable growth. It can be done even in a slow economy as demonstrated by such companies as Harley Davidson, Starbucks, and WalMart. Even smaller companies such as Paychex and Oshkosh Truck have been able to make gains in revenue, gross profits and net profits.

Here are 5 disciplines of sustained growth:

1. Retain Your Customer Base: Keep the growth that you have already earned by coaxing customers into complex relationships that make it a hassle for them to switch to your competitor. Tailor your products/services using data gleaned from your customers giving you an advantage. Proactively managing customer defections will help you anticipate and pre-empt them. Bonding with customers wherever emotion is tied to an interaction is another great way to retain them.

2. Gain Market Share at the Expense of Your Rivals: Give customers a reason to abandon a competitor’s product/service for yours. Do what it takes to lower the switching costs. Pulling customers away from a competitor can be difficult, so you must devote many resources to raiding their customer base. Offering higher value and quality are crucial to this end. Buying a competitor is another way to do this.

3. Exploit Market Position: Show up where growth is going to happen by spotting it early. This can be done by watching the industry for shifts in buying criteria, product or service innovations, and population trends. You must be able to spot positioning opportunities to make the most of them by continually using a systematic approach to the process.

4. Invade Adjacent Markets: Before moving into a nearby market, decide whether it offers significant long-term growth and profitability. Determine whether you have an advantage over a competitor, and ensure you can match its standards of quality and value.

5. Invest In New Lines of Business: If you take this approach, never overpay for a new line. You must find simple strategies instead of complex ones, and partner with the new business by assessing its leadership team and balance sheet.

Although a successful growth portfolio might not include all five of these disciplines, it must contain more than one. Only a balanced growth portfolio can keep an organization growing when the market shifts dramatically.

In closing I wish a happy and safe Memorial Day to all my entrepreneurial buddies and readers. Drive carefully!

What About Commonality?

Diversity, diversity, diversity! Some people, political types in particular, are trying to make “diversity” our defining characteristic. Has anyone thought of approaching the topic from the point of “commonality”, a bonding point of view, rather than “diversity”, a dividing point of view? Using the term “diversity” appears to me to mask a hidden and potentially sinister agenda to divide and control us. The parties pursuing this line seem more interested in playing the “blame game” and law suits by using “diversity” to categorize color group rather than individual capability.

We are all unique because DNA has billions of variations which make us so, but our opportunities are not. Humans share only a few dozen needs and desires, at best, but we have a history describing how others have solved similar problems. However, today’s use of the term “diversity” tends to make some feel like victims who only use history as an excuse.

Positive self-worth is an important attribute to every person, but it comes from assuming responsibility for tasks and seeing them completed successfully. Without responsibility, we drift in a sea of self-doubt, but many are using “diversity” as a way to avert this responsibility.

“Sensitivity training” is a negative method assuming certain color groups must have special treatments for special needs. Bull! We are all special and should be treated accordingly. Special treat of sensitive groups simply allows them excuses and the escape from responsibility. The basics of Management 101 states – “don’t give responsibility without authority, or authority without responsibility.” That’s the training needed in place of “sensitivity”.

The United States thrives on individuality which has been the sparkplug of our society. When we meld this individuality with teamwork, as in companies and corporations, we have a powerful engine. Combining individual initiative and other talents with organizational management has led us to become a world leader.

Why not stress “Commonality?” Let’s find ways to cooperate and multiply our individual talents to accomplish meaningful tasks. Let’s look at what each can provide to gain the mutual goal? Let’s join together to:
• Define mutual needs/wants, desires.
• Gather resources available.
• Develop, build, execute, and monitor a plan to this end.

Commission or Bribe?

Commission or Bribe?

Supposed you’ve decided to move part of your business overseas, those administrative fees could look like illegal bribes.

Let’s say that to open a manufacturing plant in Southeast Asia you need a permit from the local government. A government agent there offers to get you the permit within a week – and his commission will only be $1,000. Back off! Watch your step here. In many countries, kickbacks and bribes have long been the accepted cost of doing business. However, the Foreign Corrupt Practices Act (FCPA), enacted by Congress in l977, prohibits bribery of officials in other countries.

It’s illegal to make payments, offers or even promises of anything of value to foreign officials to obtain or retain business or get an advantage. It’s also illegal to make such payment to a third party (say the official’s wife or sibling).

For over 20 years the United States was the only country trying to prohibit bribery to foreign officials. U.S. companies complained they faced either bribing foreign officials and risking FCPA prosecution or losing the contract.

Since then, with the urging of the US, international organizations have enacted treaties and conventions aimed at stamping out this practice. The European Union, the United Nations, and the World Bank have adopted resolutions and policies against corruption which has helped to level the playing field.

You don’t want to get tangled up in bribery! The problem is it’s rarely easy to tell whether a proposed payment is actually a bribe. For instance, the FCPA doesn’t prohibit “grease payments” which are fees paid to foreign officials to expedite the actions the government would eventually take anyway, such as issuing a routine permit. But suppose you need a permit to build an oil pipeline, and a government agent asks for a few thousand dollars for advising you on environmental issues and compliances to make sure you get the permit. Would that be a “grease payment,” or a bribe for the officials to look the other way?

In light of the new rulings and laws, people of authority rarely ask for bribes, but they may ask for a small payment for advice on doing business there. For instance, if a government agency asks your company to build a park or pave a road in exchange for approval, that wouldn’t count as a “bribe.”

This whole scenario is further complicated by the layers of people it might take to get a job done. So, if you hire an agent to work with an agent abroad, how do you know he isn’t paying bribes and implicating your firm in corruption? Know what the deal should cost, so you can tell if money is leaking out.

Because complying with the many overlapping laws is tricky, don’t try it alone. Hire a lawyer with experience in international business to help you through this minefield.

In fact, it makes one wonder whether it wouldn’t be better just to stay on your home turf! Such is the way it goes when you start doing business overseas.

Cheap Web Site Traffic

Every online company knows that without traffic to their site, they go broke, quickly. There are many ways to get cheap web site traffic. One way is pay per click advertising, where you pay per click through to your site, but you do not know if the customer is going to purchase your product, so you do lose some money with that. Another way is to request links from other relevant, high traffic sites. Links to other well established sites is like personal recommendations, where you establish credibility fast, which increases the chances that they will buy your product. You must be persistent enough with some sites, though. You want to download the alexa toolbar, which gives you information about a website, such as traffic rating, ranking, contact info, site stats, related links, etc.

You can get free advertising by giving away free expert content to relevant sites itching for some new, fresh content. Web site owners are always looking for fresh content. Make sure you write a bit about the author and your web site or product. As long as it is not competing with theirs, they will not mind. You can post on these sites:

www.ezinearticles.com
www.freesticky.com
www.ideamarketers.com
www.findsticky.com

You can become an active expert in a newsgroup that is industry related. A newsgroup is an online forum where people share information and common interests. When you post, you are literally talking to your potential customers. These people do not want to be sold something; they want information from gurus, about the topic they are interested in. Make sure you have a sig file, or signature and start establishing relationships and prove your expertise. Stay with newsgroups that do not accept advertisements. This is also a great way to gather feedback from your website, straight from the horses’ mouth. You can reinvent it if you need to and fix it accordingly. When you post informative articles, people will begin to look forward to your posts, and eventually you may want to direct these people to your brand new newsletter.

Chargebacks

If there is one word most Internet marketers quiver at the sound of, it is chargebacks. A chargeback is a dispute over a charge -usually an unauthorized or fraudulent charge- between the customer and the company. The merchant must pay back the entire amount along with any credit card fees. This amount is automatically deducted from your merchant account. There are three main problems about chargebacks that concern the merchant: 1. they lose the payment -and also the inventory if it was sent, 2. the fees associated with every chargeback are between $15 to $25, and worse of all 3. chargebacks don’t look good, and you may lose your merchant account. Merchant services are pretty finicky; they do not just hand out accounts to anyone.

The customer could either be dissatisfied with the product, or there could be a duplicate order, or it could be fraud. Whatever the reason may be, it is crucial to your online business to keep chargebacks to a minimum. One way to stop chargebacks is to stop fraudulent orders by checking to make sure the order seems legit. This may mean you may have to call each customer to confirm the order. You do not want to accept an order if it appears fraudulent. Be suspicious, because in the end, receiving too many chargebacks will damage your profit line.

If, on the other hand, your customer is simply dissatisfied with the product, give them a call and send them an email. Ask them what it is they didn’t like about the product. Ask them if there is anything you can do for them to satisfy them. If they still seem reluctant to drop the chargeback, your last resort would be to ask them if they wouldn’t mind dropping the chargeback and you can offer them a full refund. Most people wouldn’t mind this option. You will find that a simple phone call to the upset customer may actually turn things around in your favor.

MAKE MONEY WORKING FROM THE COMFORT OF YOUR OWN HOME

MAKE MONEY WORKING FROM THE COMFORT OF YOUR OWN HOME!

How many times have you heard that phrase, pitch, advertisement, or
whatever? Lots, I'm sure. It is used so much because marketers know that
staying home and making money is the fondest dream of millions of people.

And why not? Did you know that the majority of fatal heart attacks happen
at 9 a.m. Monday morning? It's true. It seems a lot of people would
rather die than get back to the old grind after a weekend of freedom.

So when someone offers an opportunity or plan for you to take your job and
shove it, yet still make enough money to live and pay all your bills, it
sounds blissfully irresistible.

Of course, bliss and reality are always two different things. Is it
really possible to run a business from your own home that is more than a
hobby or source of part-time income? Can you get rich working out of your
own home? Can you really trade your cubical and necktie for blue jeans and
the comfort of your own den?

Well, for your information, home-based businesses are one of the fastest
growing kinds of enterprises in America today. As this is being written,
some 40 million Americans are doing at least some form of work out of their
homes, and the numbers are rising rapidly. According to the U.S.
Department of Labor, as many as 70 million people will be working out of
their homes by the year 2005. Government studies have indicated that as
much as 75% of all work done in this country could eventually be moved
home.

The overwhelming majority of home workers, however, are not exactly getting
rich. The average work-at-home American earns less than $15,000 per year.
That may not be bad as a supplement to a spouse's full-time income, but
let's face it, fifteen grand in and of itself is not much better than poverty.

As master marketer and author Dr. Jeffrey Lant said: "Frankly, I never saw
any benefit to staying home and being poor."

Lant, without so much as a business card, became a work-at-home
millionaire, and is a perfect example of what truly can be achieved if you
are serious about chucking your day job, staying home, and not settling for
peanuts in exchange for your freedom. You can have it all -- you can stay
home and make as much -- and more -- money than your current job provides
you.

In this report, we are going to outline and discuss five key rules on how
to work at home and make big bucks, no matter where you live. After these
five rules, we'll talk about the most important aspect of any business,
whether it be home-based or a giant factory -- cash flow. Starting your
own business out of your home is all about attitude and inspiration, but
all the attitude in the world won't help you without money!


1. It Takes Commitment

Is it any secret in America that most people detest their jobs? Study
after study proves that most people simply dread going to work Monday
morning, and they live for the freedom of the weekend. But even that
freedom is not pure because we know that it is only temporary. It's hard
to enjoy a Sunday evening when the Monday morning alarm clock is just a few
hours away.

It makes sense that people hate their jobs. Everyday, there is a lot of
butt kissing that needs to be done. There are endless meetings which
usually accomplish nothing. There are pointless interruptions, a lot of
drifting this way and that, and lot of idiot supervisors who do nothing but
waste your time and then dog you for not accomplishing your share of work.
There are co-workers you hate, and who would stab you in the back in a
minute if it meant a raise for them instead of you.

When you work for someone else, you live a regimented life. Your body may
not want to get up at 7 a.m., but you have to be at work by 8 a.m. so you
lurch out of bed with a head full of sleep.

People who choose to work at home are doing more than just escaping the
yoke of their master; they have made a deep, firm, life-altering decision
which says that health, happiness and prosperity depend vitally on the
freedom to work for ourselves, and in doing so in the comfort of the home.

We want to really emphasize that fact that to be successful in a
work-at-home situation, you have to be nothing less than a fanatic; a
zealot, who is utterly committed to making work-at-home not only a
successful venture, but a profound commitment for life. You must be
convinced that a return to an outside office job would be the equivalent of
a spiritual death sentence.

Many people hate their office jobs, but they have made an inner compromise
with themselves. They have convinced themselves that their job is "not so
bad," pays the bills, and that they can stick out because they have to.

If you want to be truly successful at quitting your day job, there cannot
be any room for such compromises in your soul. You have to take the
attitude that to work any longer at your hateful job is akin to fouling
your inner being with a spiritual cancer the will sicken and kill you.

2. Eliminating the Home-Office Mentality

To move our work home, however, does not mean we eliminate every single
thing about the traditional American office. Rather, we should select what
is useful and what is not.

It's a mistake to quit your job and go home with a "home-office" mentality.
By this we mean thinking small, and believing that you will automatically
sacrifice a decent income in exchange for your freedom. Please! Do not
think small!

To quote Jeffrey Lant again: "Too many home-based practitioners fail to
understand the benefits that accrue because of the professional style they
have selected. They focus on the "home" part of the business rather than
the "business" portion, and as a result are doomed to small incomes."
Working at home provides many benefits. We can save a lot of time because
we don't need to commute and we have more control over our schedule. We
can save a lot of costs because we don't have the overhead requirements of
larger businesses. We can cut our stress -- and so have more energy --
because we avoid many of the characteristic problems of life in the late
20th-Century office. We must work these advantages to our profit.

3. Your International Headquarters

The German philosopher Immanuel Kant said that if you sit at home alone at
your empty kitchen table, eventually, the "whole world will come to you."

Well, today you don't need the great mind of a philosopher to make the
entire world come into your living room. What you need is a phone jack.

We live in a unique time in history. Satellites, fiber optics, the
integrated circuit and other communications miracles means that you can be
just about anywhere in the developed world and establish communication with
anyone.

The telephone, the fax machine, the computer, the modem -- all of these are
not only affordable by any middle-class citizen; they are the key to
eliminating your need to drive a hectic freeway everyday to get to a place
of business outside your home.

With these devices at our disposal, we should allow ourselves to "think
globally." Too often, home-based businesses focus on the narrowest market,
the neighborhood, the county, the city or state. This is fine if you are
providing a local service and are content with a certain moderate level of
income. But if you want the big bucks, you should not think small. Also,
you should not believe that, just because you are home-based, you cannot
compete with the big guys.

The purpose of any business is to seek assess and seek out every possible
market for its products and services, to ascertain whether these markets
have the ability to buy these products/services, to determine whether there
is sufficient profit in these markets to warrant approaching them, and,
once positive assessment has been made, to launch a sustained marketing
campaign that gets a significant percentage of this market to purchase the
product or service in question.

Your home telecommunications machines will not only enable you to do this,
but they can also help you overwhelm larger, more cumbersome traditional
businesses that are your competition.

As a home-based entrepreneur, you will not have all of the disadvantages of
your more traditional competitors: no office rent, equipment or expense;
no employees to pay salaries and fringe benefits for; no time wasted on
meetings, employee problems, paid sick leave, etc.

All the money your competitors spend on heating the office and buying
furniture could better be spent on the actual marketing itself.

As a home-based business, you will be already positioned where the
traditional business is currently struggling to move: toward the lowest
possible overhead and the greatest possible concentration of dollars on
products/service development and product/service marketing.

So, a home-based business takes full advantage of three major goals of
modern business success:

(1) Vastly reduced overhead
(2) Easy access to a global market
(3) Full advantage of telecommunications.

To not have the basic telecommunications toys -- computer, modem, fax, and
telephones is impossibly stupid. Still, even in this day and age, many of
people strongly resist the one element that is undoubtedly the heart and
brain of any successful home business -- the computer. The computer is so
important in fact, we have made it a category all itself.

And remember, learning to use a modern computer is easier than learning to
drive a car, so you have no excuse not to plunge forward.

4. The Computer

You should pay close attention to what computers can do for you in your
plans to escape your job and make your work-at-home dreams come true.

People who want to run a home business usually have a very small staff -- in
fact, a staff of one -- yourself! The rest of your needs are handled by
independent contractors, depending on the kind of business you are in and
the services you need.

To run a serious, truly global home business, a computer is as necessary as
oxygen is to life on earth. Those who try to fool themselves into thinking
they will ever make a serious go of their home-based business without a
computer are sadly mistaken.

Computers give you two primary advantages:

(1) They enable you to store large amounts of data and to sort by data
field so that you can easily get the information you need.

(2) They enable you to develop a pattern document for every situation
you'll ever be in in your business. To run a home-based business
successfully, you must anticipate just what situation will emerge and
prepare accordingly.

A business is based on a characteristic series of situations and a
characteristic set of things that happen -- or that do not happen. You
must be prepared with the proper document for each situation. Once you
have established all the protocols, and have experienced all the situations
associated with your kind of business, the time will come when running your
business is, in large part, a repetition of certain key tasks. Computers
are all about handling repetition swiftly and efficiently.

But the computer is much more. Today, by connecting a computer to the
phone line with a modem, your machine becomes more than a data storage
system and repetitive task handler. It becomes a multi-task, multi-level
communications processing center that connects you to the globe.

Such things as e-mail, on-line services, the Internet, the Web and more
can't help but revolutionize the way business is done. If you do not
become a part of it today, you certainly are going to suffer for it greatly
in the near future.

If there is an effective way to market products on the Internet or any
other on-line venue, no one has truly discovered it yet. The only people
making money on Internet marketing are the people who are selling the
concept of doing it. If you have a product or a service and expect to
reach millions of buyers through computer screens, you are sadly mistaken.

The Internet is definitely where a lot of innovative things are happening.
It's a great place to exchange ideas, find out what hot, what's not, and
stay on the cutting edge whatever your particular business is.

5. Your Business Hours

If you've been paying attention to the first four points, you're well on
your way to becoming a successful home-based business owner. Now we don't
want you to blow it by thinking you can keep banker's hours.

The global market is a 24-hour per day market, and a 365-day per year
market. Let the others sleep late on Saturdays and take Sundays off.
Those times could be your day to move and corner loads of customers that
the others miss.

You should get up earlier and quit work later. You should be open for
business on holidays and be available 24-hours a day either personally or
through your answering service.

"But wait a minute!" you might be thinking at this point! "I thought that
working at home was all about freedom and an end to drudgery. This sounds
like nothing but endless work!"

Well, here's the thing. For most of you who quit your regular jobs to go
to work for yourself, you'll discover something magical. You'll discover
that when you are working for yourself, when you are building your own
business, a lot of what you does not seem like work at all.

The great writer Jane Roberts said, "Inspiration is its own motivator."

Running your own business is all about being inspired 24-hours-a-day. When
you stop selling your body and soul to some company or corporation and
start giving your energy to yourself, work has a way of turning into
inspiration and play.

The perfect work for you is that which you don't think of as work, yet
doing it makes money and provides you with the bread and shelter of life.
You'll see what it's like if you make a true commitment to being self
employed, put all your energy into it, and stick with it for the long run.

Become Your Own Personal CFO

Become Your Own Personal CFO

Budgets and personal finances are not most people’s favorite topics, and certainly not one of mine. Even bank executives have problems in this area, but if you’re an entrepreneur so do you. You’re concentrating so much time on your business, your personal checkbook takes a back seat. Then one day you are met with the startling fact that you’re not saving enough for lean times and you panic.

Well, just apply your professional talents to the situation and become your own personal CFO. By using your CFO eyes on the situation, it somehow tempers the pain of dealing with your own money. To get started, here are 5 rules for treating your personal finances like a business:

1. Be Your Own Board of Directors. To make good decisions, you must know what you’re trying to achieve. In business, Board of Directors write mission statements to keep the company on track with goals. At home, it’s up to you to define your mission and make sure you’re fulfilling it by writing down your goals. Not just your financial goals either, but your “life” goals.

2. Know Your Operating Costs. Do you know what you spend every month on average? Businesses do because they base their budgets on historic spending patterns. Most people, however, don’t know what it costs to keep their lives running. You can make out detailed budgets, but find out at the end of the month that you haven’t stuck to it. So instead of doing a budget that dictates how much to spend, do a “cash flow statement” that records how much you actually spend each month broken into several categories.

3. Know Your Net Worth. Companies measure progress toward goals through balance sheets which list their assets and liabilities. Your net worth is your balance sheet where you list everything that you own. That means your checking and savings accounts, investments, car, house, etc. minus everything you owe. Track your net worth quarterly to make sure you’re moving toward your personal goals. Without this step, you might not see the impact of your money decisions until it’s too late.


4. Forecast Money Decisions Results. When a business makes important decisions, they use a process called “scenario planning”. They look at the possible outcomes of one choice compare to another. You can use the same process to make smart money decisions. For any choice, pick two options, and then look at what each answer would do to your cash flow and net worth. Remember, there are no “good” or “bad” choices – only choices that put you closer or farther from your goals.

5. Track Progress by Annual Reports. Just as companies assess their progress in their annual reports, you need to review your list of priorities every year. Have you accomplished any goals? Have your spending patterns changed? Did you spend less than you earned? Did you save as much as you planned?

You need to treat your money like you treat your business. Give it the time it deserves, because in the end the time you spend is really an investment in yourself and your dreams.