What is your mindset?
June 10, 2010 by admin
Traditional descriptions of successful people often include characteristics such as passion, self-motivation, vision, and risk-taking. It is true that successful people often have these characteristics or traits. They could be used to describe all of us at certain times, or in certain situations. These characteristics or traits are often a result of different life situations, educational backgrounds, and experience levels. All of these factors help to shape the mindset. The mindset then forms a preferred work style, or how we approach life.
So, what distinguishes a person who is successful from someone who is not? Being successful in business or life is not limited to one particular characteristic or trait. The key to being successful– whether in business, or in achieving your life goals, is to understand how to harness these traits and other important skills in order to meet the challenges, hurdles, or issues that life presents.
Thinking about Starting a Business?
April 19, 2010 by admin
Questions to ask yourself…
1. Explain how the business will provide sufficient money to meet your minimum needs.
2. How long do you intend to work in the business?
3. How much of your time will the business demand?
4. What type of people do you work best with?
5. What kind of people will you be working with in the proposed business?
6. Is status and prestige important to you?
7. How much energy is required to get the venture launched and developed?
8. Explain why your stage in life is an asset or liability in the business.
9. How many years of productivity are needed to build the business?
10. Explain what will happen if you fail.
11. What does your significant others think about the venture?
12. Have you the educational background to run a business?
13. What are you bringing to the venture? (Do you have the expertise, money, and experience or do you need outside talent for your management team?)
14. In the end, what do you want from the business as an exit?
15. How much debt will the business need?
16. Explain why you will be an effective business owner.
17. Can you do this business on your own or will others be needed?
18. Will starting and running a business make you a better person?
Is your Business an Asset?
April 5, 2010 by admin
If you were to think of your business as an asset, it would be a model with the following traits:
- It can be operated by others
- It maintains impeccable order
- It has documented processes and procedures
- It provides uniform and predictable service to clients
- It always looks the same to outsiders
- It provides a consistent return to the owner
Who Am I?
March 16, 2010 by admin
I am your constant companion.
I am your greatest helper or heaviest burden.
I will push you onward or drag you down to failure.
I am completely at your command.
Half the things you do might just as well be turned over
to me, and I will be able to do them quickly and correctly.
I am easily managed – you must merely be firm with me.
Show me exactly how you want something done and after
a few lessons, I will do it automatically.
I am the servant of all great people and, alas, of all failures, as well.
Those who are great, I have made great.
Those who are failures, I have made failures.
I am not a machine, though I work with all the precision of a machine
plus the intelligence of a person. You may run me for profit or run
me for ruin – it makes no difference to me.
Take me, train me, be firm with me, and I will place the world at
your feet. Be easy with me, and I will destroy you.
Who am I?
I am habit!
Soigiuro Honda
Founder, Honda Motor Corporation
The Image of your Business from All Angles
March 9, 2010 by admin
A company caught my eye when I saw one of its trucks delivering meat to a restaurant. The driver was dressed very neatly with a company polo shirt and the truck was a clean aluminum and beautifully lettered. Their truck promoted shipping anywhere so I wrote down their website to see what they were doing with shipping. Boy, was I disappointed when I saw a completely different image….one that did not motivate me. The Website was riddled with spelling errors, there were alignment issues, the fonts were not reader friendly, and you could not order online but were directed to call a number. Obviously, there was a lack of follow-through with image and brand. Try looking at everything your client sees…including invoices! Are you pleased with the image of your business?