March 8th, 2009 at 09:29pm
Under Entrepreneurialism
Dropship on the WWW
There is no doubt that you can dropship on the WWW (world wide web) and make a substantial additional income by selling wholesale items on eBay or through an online website. Many have done it, but they did it with a real dropship list for WWW retailers. In order to compete you are going to need a dropship list of real dropship wholesalers that will dropship products to businesses on the WWW and and offer their business to a small retailer on the WWW.
You will not go anywhere unless you have a legitimate list of dropship product suppliers with real wholesale prices. And if you dont want to do any package handling, youll need a supplier that offers dropshipping, or the ability to ship one order at a time, to customers on the WWW.
There are a lot of scams on the market right now. When you type in wholesale list on Google, you might find 1 legitimate dropship list on the WWW out of thousands. They claim to be legitimate and they might even look real. But these supposed dropship lists are usually middlemen.
A real wholesale dropship supplier on the WWW is a legitimate discount wholesaler that will supply you products at real wholesale prices. These are hard to come by, but the one that I bought and the only one verified by eBay is the Dropship Source Directory. This is a list of thousands of real verified dropship suppliers on the WWW that will offer you immediate access to their inventory. There are lots of fakes on the WWW so you have to be careful, but the Dropship Source Directory is not.
Once you have your dropship list of suppliers, you are then able to market these products on the WWW through eBay or your online store. Having a real dropship list of WWW suppliers with a variety of products is important so you can choose a niche and market specifically to that, since there is so much competition on the market. Do not try to market products on the WWW that have been excessively marketed, such as computer software or clothing. Unless you have very specific niche items you will not do well. If you are a great salesperson you might be able to compete, but there are no guarantees.
To start off your dropship business on the WWW on the right foot, get a real dropship list. Dont put yourself through the hassle and stress of getting a list of middlemen, marketing a product, and finding out that you are losing money on it.
Greg Duncan is a successful internet marketer and dropshipper on the WWW. For more info on the #1 drop ship supplier Click Here
Author: Greg Duncan
Keywords: www dropship, www drop ship, www.dropship.com, drop ship on the www
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By admin
March 8th, 2009 at 09:29pm
Under Entrepreneurialism
Alpacas. By now most people have heard of this exotic livestock, but why would anyone want to own them? Here are four answers to What are they good for?.
- They’re good for a tax break. You can get quite a bit of money back from uncle sam when you claim an alpaca business on your taxes. Alpacas can be depreciated over five years. Fences and other alpaca related needs for your farm can also be written off. Just be sure you are a business and not a hobby farmer or you could get yourself into trouble. Your tax guy can tell you if alpaca farming has any advantages for you.
They’re good for fertilizer. Not the alpaca! The manure an alpaca produces. Corn never grew where we live until we tried alpaca manure on our garden. After spreading alpaca manure on the garden, not only did our corn grow but it was the sweetest corn ever! The manure was the only thing we did different and we are quite sure it made the difference. It’s possible to make a little side business out of alpaca manure.
They’re good for their luxurious fleece. You can spin, weave, and felt alpaca fiber for fantastic products. Make hats, scarfs, sweaters, socks, and much more. It’s possible to have another side business using alpaca fleece. The money you earn from fiber related products can maintain your herd so the cost of keeping them is little to nothing.
They’re good for lowering your blood pressure. What? …Well, it’s really the lifestyle that can have an affect on your blood pressure.
You get plenty of possible blood pressure lowering exercise working around your alpaca farm. Scooping poop and transferring it to your garden, herding the animals to worm and trim toenails, building fences and shelters, and other miscellaneous farm activities.
You relax and get a laugh or two watching alpaca antics. The silly grin an alpaca perpetually wears can make you smile, too. Spinning the fiber is, also, a very relaxing activity. A happy, balanced life with a positive attitude will lower your blood pressure.
Sip on your caffeine-free coffee, munch on some celery, and enjoy your stress reducing alpacas for a lower blood pressure.
There you go. Four answers to what alpacas are good for. You get tax breaks, fertilizer, fleece products, and perhaps lower blood pressure…And there are more than four answers to this question.
Debby McCandless owns alpacas and uses the fleece as a home business. Visit http://www.owning-alpaca.com/index.html to discover more answers to what alpacas are good for.
Author: Debby McCandless
Keywords: alpacas, home business, entrepreneur, farming, livestock, fleece
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By admin
March 8th, 2009 at 09:29pm
Under Entrepreneurialism
Before you can open for products at Amazon.com’>business, you must first get a license. There are several types of license that may be needed before you begin operation. Without the proper permits, you may be operating your products at Amazon.com’>business illegally. Most products at Amazon.com’>businesses need a city or county license. There may also be other requirements from the state or federal government for certain types of licenses.
Most states require a special license to sell firearms. Some may even require one to sell gasoline, tobacco, and liquor. Certain professions also require special licenses. They include Real Estate Agents, Auctioneers, Appraisers and Contractors. Some products at Amazon.com’>businesses require a federal license, such as, manufacturing tobacco, alcohol or firearms. TV and Radio stations also must have a federal license.
Most small products at Amazon.com’>business licenses are pretty easy to get. First start with your County Court Clerk. If you are locating in a city, the city clerk should be able to point you in the right direction. To purchase a small products at Amazon.com’>business license, you usually must pay a fee, which is normally a minimal charge. However, getting some licenses may be more complicated. The laws for selling firearms are very different from the laws for selling groceries.
What name you put on the products at Amazon.com’>business license is also very important. Once you register your products at Amazon.com’>business name, that name legally is yours, however, in some states, unless your products at Amazon.com’>business is a corporation more than one products at Amazon.com’>business can use the same name. Using a products at Amazon.com’>business name allows you to open bank accounts, receive checks written to your products at Amazon.com’>business and give you an identity to your customers.
Today, most banks require you to have a products at Amazon.com’>business license in order to open an account in a products at Amazon.com’>business name. A products at Amazon.com’>business should have a separate account. Even though there is a little more expense by having a personal and products at Amazon.com’>business account, most products at Amazon.com’>business owners agree that bookkeeping is much easier with separate accounts.
One other permit that is required in order to open a products at Amazon.com’>business is a certificate of resale. This allows you to collect the state sales tax from your customers. Without this permit, most legitimate wholesale companies will not allow you to purchase items from them. This certificate shows that you are purchasing items from them with the intent to resell the merchandise to another customer.
Once you make a sale, you are required to collect sales tax from the customer. At the end of the reporting period, which can vary by state, the products at Amazon.com’>business owner is required to file a report with the state and submit the taxes that have been collected. Most states do not usually tax services such as lawyer fees and accountants. The rate of the sales tax varies by where your products at Amazon.com’>business is located. Even different counties and cities have different rates. Your state Department of Revenue will give you information about the rates each area has and what the requirements are for applying for a certificate of resale.
Some products at Amazon.com’>business owners are required to get a Federal tax ID. It is also known as Employer Identification Number or EIN. This number identifies your products at Amazon.com’>business on government forms. If your products at Amazon.com’>business has employees or is a corporation, it is required that you receive an EIN. There are other situations that an EIN may be required that your accountant can help you determine if you need one or not.
To receive an EIN, you must contact the Internal Revenue Service. However, it is easy to apply. Contact your local IRS office for information about how to apply.
Once you have all of your licenses and certificates in order, picked out your location, verified any zoning ordinances, you are almost ready to open for products at Amazon.com’>business.
Paul Taylor is a products at Amazon.com’>business owner that helps other products at Amazon.com’>business owners and entrepreneurs locate wholesale products at Amazon.com’>distributors and products at Amazon.com’>dropshippers. Visit his website www.WholesaleMap.com for information about wholesale sources or opening a products at Amazon.com’>business.
Author: Paul Taylor
Keywords: wholesale,sources,products at Amazon.com’>distributor,products at Amazon.com’>dropship,products at Amazon.com’>dropshipping,products at Amazon.com’>dropshipper,products at Amazon.com’>business,products,products at Amazon.com’>plan
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March 8th, 2009 at 09:29pm
Under Entrepreneurialism
What does a fast paced, clutch-the-edge-of-your-seat television show about a group of desperate inmates attempting to escape from a maximum security lock-up have to do with your business?
Everything!
If you are a fan of the series, you know that the main character, Michael, has purposefully committed a crime in order to be near his older brother Lincoln, who is about to be executed for a murder he didn’t commit. Michael, a structural engineer, has blueprints for the labyrinthine prison tattooed on his upper body, so that he literally carries a complex map of his escape route with him at all times.
He is determined to do what it takes to get Linc out of prison, including enrolling a group of fellow inmates to help him escape with his brother.
So what are the 6 Rules from Prison Break that you can apply to your business?
1. Focus clearly on your goal. Michael’s goal is simple and direct: to get him and his brother out of prison. Your business goal (or goals) should be no less clear. Take time to focus on what you are trying to accomplish. The first thing you should be doing each morning is focusing on your goals, both long term and medium term, in addition to goals for that day.
2. Build in accountability. If Michael doesn’t succeed, then his brother will die in the electric chair. How’s that for accountability and motivation?! To whom are you accountable? Join a Business MasterMind or hire an excellent business coach to keep you on the straight and narrow.
3. Prepare fully but don’t let endless preparation stop you from taking action. At some point, Michael had to quit his intense study and planning and simply act. Some business people get so caught up in preparation that they never put anything into action and their businesses languish as a result.
4.. Have a plan but be open to contingencies. Much of the excitement in Prison Break comes from unexpected events, the close calls that are part of every show. If you’ve been in business for any length of time at all, you know that even the best business plan will need constant revision. Use your plan as a guide only, and adjust it according to the circumstances.
5. Choose your team carefully and play to one anothers’ strengths. Michael had to choose his team members based not only on their strengths but because they were all he had. Some of the inmates forced their way onto his team. You have the luxury of choosing your team members based on how you relate to them and how they complement your strengths with their own.
6. Form powerful alliances; collaboration is the key. For Michael, powerful alliances, even with those to whom he is not naturally drawn, are crucial. Search out the major players in your industry. Sign up for their newsletters, become their affiliate, purchase their products, attend their seminars. Be in a position to propose a join venture opportunity that will benefit both of you when the time is right.
7. Once committed, follow through is mandatory. For Michael, certain events meant no turning back. The time to put his plan into action arrived and he didn’t hesitate. If you have taken action on the previous six rules, you can be confident that the time for you to take action is at hand.
So go for it!
And tune in to next week’s Prison Break. Who knowsyou may pick up more tips for busting loose from your old ways of thinking about your business.
Ellen Britt, PA, Ed.D., is the author of The Seven Immutable Laws of Marketing Qi. To grab your free copy, just go to www.MarketingQi.com/SevenLaws.html
Author: Ellen Britt
Keywords: business, entrepreneurs, marketing, mindset, mastermind groups, masterminds, goal setting, coaching
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March 8th, 2009 at 09:29pm
Under Entrepreneurialism
Running your own business isn’t easy. It’s a life-changing commitment that requires a great deal of your time. But the possible rewards can often vastly out-weigh the trials, trouble and tribulations you’ll encounter along the way.
Before embarking on this perilous and exciting journey, you must first perform a very honest appraisal of yourself by asking the following questions:
Are you able to work on your own?
Unless you’re in a partnership of some description, then you’re on your own. This can be hardest aspect to face for most people. Almost every decision you make will be your own. There’s no passing the buck because the buck stops with you!
Are you stubborn and determined?
Either directly or indirectly, people are going to get in your way. They’re either competing head-on with you, or you’re dealing with people who’re making your life hard in some way. In addition, you could be working towards fulfilling an agenda or part of a strategy which is proving harder than you first imagined.
If you’re not both stubborn and determined, then failure is close at hand, unless you’ve got sheer blind luck on your side. But I wouldn’t put too much faith in some positive happenstance or oodles of good fortune coming your way!
There’s no substitute for getting your head down and working hard.
Do you believe you’ve got what it takes?
Put simply, if you don’t believe completely in what you’re doing, how can you expect anyone else to?
You must exude faith, desire, have an appetite for success and the will to succeed in the face of stiff and concerted opposition and competition.
Can you deal with stress?
Along the way, you’re going to have your patience tested to the limit. Be that from an awkward client, an obstructive supplier or a recalcitrant member of staff – or even the computer in front of you when it’s on the blink!
For most, a daily diet of stress is something they simply cannot stomach, while others salivate at the prospect. Which one are you? If you’re the former, you’re going to struggle, while if you’re the latter, then you’re on the right path.
Can you remain focused?
What with stress, work pressures, company politics and sometimes out of sheer boredom, you will lose focus.
How do you refocus? Can you refocus? Can you remain focused with all of those daily distractions around you?
From time to time, we all lose focus, but it’s how quickly we find that focus again and how long we hold onto it which is a key ingredient of avoiding needless and often costly mistakes.
Are you a life learner?
Remember when you passed your driving test? Assuming that you did, that license entitles you to two things: to drive and to continue to learn to drive.
As with life, your business and your role in your business is closely linked to living and learning. To embrace success and avoid the yawning jaws of defeat, you must keep moving, and moving in a direction that distances you from your competitors.
Renew your skills and maintain clear blue waters between you and them.
Are you pragmatist, optimist, pessimist or a realist?
From time to time, as your business evolves, you’ll be a bit of all three.
Sometimes, you’ll be up in the air, jumping around with ideas and exploring new avenues and new possibilities with the energy of a teenager.
However, there are times when you’ll sit there staring out of the window with a blank expression, wondering just what the hell you’re going to do next.
Then there’s the workman-like you. Unfazed by the heavy load, you plow on in a methodical, deliberate and efficient manner.
How you manage these phases is essential. However, each phase has a cautionary tale to tell:
Too much enthusiasm and optimism can steer you dangerously off course and force you to expend valuable energy, resources and time along the way.
Too many saturnine moments and you’ll find yourself in the Doldrums, not able to find the trade winds that are the life blood of your business.
Then having your head down, micromanaging every detail might have you running too close to shore and in danger of foundering.
Strike a balance. Learn to deal with those things that perturb you and look to mix & match your tasks to avoid getting stuck in a rut.
Can you manage the tasks at hand?
It’s all good and well having that work coming to your door, but unless you can manage those projects, keep track of where they are, where you are with them and where other people are too, then you may find some projects withering and wasting away, maybe even forcing you to lose a customer in the process.
The solution? Get a pen, a sheet of paper and make a list!
List those things To Do. You might even rank them, give them some tactile weighting so that you know how important or how urgent those tasks are. You might even want to jot down the names of the people involved in those tasks, too.
Whatever your routine, the trick is to stick to it. If others are to participate, then find some standard way of managing those lists that everyone else can understand.
There’s no value in having the most amazing way of managing your day-to-day work load if no one else can understand what on Earth you’re going on about!
Can you be relied upon and trusted?
I imagine most people think that they can be trusted and relied upon, but that’s not always the case. Even if your intentions are good, your schedule, your personal life or even your colander-like memory can step in and wreak havoc.
When working for your customers, any excuse is usually no excuse at all. Let these guys down and they’ll find another supplier. Let your staff down and you could be doing interviews all week instead of working on the next big thing.
Stay focused, make a note of your promises and damn well keep them!
When you’re down, can you pick yourself up?
You might think I’ve talked about this before, but this is quite different.
Are you precious about what it is that you do? That’s to say: if someone criticizes your work, can you deal with that criticism?
If you cannot justify yourself and your work, then you’ve not thought things through as thoroughly as you should have.
If your client can give you one good reason why they think that you’re wrong, then you have to give them 5 excellent reasons why you know that you are right.
This isn’t really about compromising, this is about thinking beyond your needs, your own desires and sensibilities and being objective, focused and having a clarity of vision that will pay dividends over time.
Are you prepared to say no?
Sometimes, saying no to a client can seem like saying goodbye. Trust me, this isn’t the case.
However, simply saying no isn’t good enough, you must provide evidence of why you think your client has got something wrong.
Make a good case for your argument and your client will respect you and learn to trust your judgment.
Can you survive the famine after the feast?
In lean times, you’re going to have to make do. At times like this, you need to be proactive rather than reactive.
Plan for the hard times, set funds aside, look for trends and seasonality in what you do and be ready.
Can you go the distance?
In business, there is no finishing line. This is the long race.
You need stamina and the capacity to move beyond the ‘wall’, when you’re running on empty and the goal in sight seems to be moving away from you, or the outstretched arm of a competitor seems closer than your own.
Dig deep, get your breathing right, strike a rhythm and hold the pace.
Are you scared?
You should be!
Failure is much closer to you than success. Running a business is a huge undertaking, even more so when there are people relying on you for their livelihoods.
Feed on the fear, repurpose that emotion into the stuff that fuels you.
What’s the name of your fear? Well, that’s easy! Fear has many names, most of which are the same names as your competitors.
However, you can make success your name, but only if you try hard enough!
Wayne Smallman is the man behind Octane Interactive, a web design, development and internet marketing agency based in Yorkshire, England.
He’s been in the new media industry working as a web designer & developer since the mid nineties and provides a consultation service to businesses looking to make the most of their web presense.
He’s also runs the Blah, Blah! Technology ‘blog where he demonstrates his passion and keen eye as an observer of technology and the impact on society - the convergence of technologies to create something greater, enabling people to do better things with their time.
Author: Wayne Smallman
Keywords: business, management, entrepreneur, start-up, learning, manage, competition, enthusiasm, optimism
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By admin
March 8th, 2009 at 09:29pm
Under Entrepreneurialism
As Merger and Acquisition advisors, our goal is to maximize our seller clients’ after tax proceeds. The first step is to get the best price from the marketplace by presenting the acquisition opportunity in a competitive bid situation. Having several interested buyers is the most important factor in achieving the best sales price.
However, the nature of the balance sheet of companies with a heavy investments in equipment makes the form of transaction especially important. First rule of thumb in the sale of your privately held is to have the corporation set up as an S Corp, LLC, or Partnership rather than a C Corp. The reason for this is that buyers prefer an asset purchase versus a stock purchase. If you are structured as a C Corp there is no such thing as long-term capital gains for tax purposes.
So if you have an asset sale of a C Corp, then your gains are taxed first at the applicable corporate tax rate and then taxed again as long term capital gains when the proceeds are distributed to shareholders. This can be particularly harsh to the seller because the sale will normally bump the corporate tax rate in the year of the sale to a much higher rate than it normally is for that company. Goodwill essentially has a basis of $0, so the entire portion of the purchase price allocated to goodwill is a gain. A C Corp, for example, might be taxed at a rate of 34% for the gain versus at 15% for the same gain for a pass through corporate structure like an S Corp.
Buyers prefer an asset purchase for two primary reasons: 1. They want to protect themselves from any hidden liabilities. When you do a stock acquisition, you inherit all assets and all liabilities. 2. The buyer gets to take a step up in basis on all hard assets based on the allocation of purchase price on the asset sale.
Many sellers, with significant depreciable assets, however, miss a very important issue in transaction structure. They think that they have done everything possible to reduce their taxes because they are an S Corp and do not fight for a stock sale. This incorrect assumption could cost tens of thousands or even hundreds of thousands in after tax proceeds because of depreciation recapture. If your is heavily equipment intensive and you have naturally taken depreciation, you are subject to depreciation recapture if you do an asset sale of your S Corp.
Let’s say that your assets consisting of operating equipment plus office equipment is on the books with accumulated depreciation of, for example, $2,000,000. Then this depreciation that you received as a tax benefit is recaptured in your asset sale and treated as ordinary income for tax purposes. This will most likely push the seller up to the maximum individual tax rate for this portion of transaction value.
If the sale had been a stock sale of the S Corp, there would be no depreciation recapture and the entire gain would be at the individual long-term capital gain rate of the seller. For discussion purposes, let’s say your personal income tax rate were 30%, then the asset sale would cause you to pay an additional 15% (difference between personal income tax rate and long term capital gain rate) on the recapture amount of $2,000,000. You would realize $300,000 in additional after tax proceeds by structuring the sale as a stock sale.
So, if your is an S Corp or an LLC, you have taken the most important step in maximizing your after tax proceeds from your eventual sale. The next most important step is to get a premium from an asset buyer over a stock buyer to compensate you for after tax proceeds based on depreciation recapture.
Given the impact of taxes in the sale of your , it is a very sound idea to get your tax accountant involved in the planning process before you start getting offers. You need to be able to compare the different proposals with an eye towards after tax proceeds.
Dave Kauppi is a Merger and Acquisition Advisor and President of MidMarket Capital, representing owners in the sale of privately held es. We provide Wall Street style investment banking services to lower mid market companies at a size appropriate fee structure.
Author: Dave Kauppi
Keywords: depreciation recapture, asset sale, stock sale, broker, merger acquisition, sell a
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March 8th, 2009 at 09:29pm
Under Entrepreneurialism
It’s another day in the world of email communication. As you are going through the hundreds of emails in your inbox you find one from a client. As you read the email you find out that your client hasn’t been very happy and they are asking you for a refund. Ugh.
Then you check your shopping cart and realize that you had over 100 un-subscribes in the last 72 hours (and only 10 subscribes.) That ugly voice in your head is starting to murmur negative chatter now.
You shrug it off and keep going. You can’t make everyone happy, right? Then the UPS guy shows up with a box. After opening it up you see it’s a product return.
Ay carumba. That’s it. The ugly voice takes over and you claim your loser status to the world. You decide to call it a day and pack it in. You head to the beach (or the pool, or your bed) with your favorite People Magazine. At least the stars’ lives are way more complicated than yours.
Sound familiar?
It’s really easy to get caught up and lose perspective when negative information comes your way about what you offer. You put your life-blood into what you create. It’s like calling your baby ugly. No one likes to get negative feedback, its human nature. So what do you do when you feel overwhelmed with too much of it?
You have to stay focused on the 80 not the 20.
Remember the old 80/20 rule? It’s time to get some perspective. Look at the facts. Over a one month (or one year if it helps) period, how many sales do you have versus the returns? My guess is it is probably closer to 80% happy clients and only 20% unhappy buyers.
As the leader of your company, your mindset is your most valuable asset. If you start focusing on the things that go wrong, you lose perspective on all the amazing things you are doing right!
What you focus on expands. If you let your mind focus on what’s not working you will get overwhelmed, frustrated, angry and possibly confused about how to fix it. That is not a very creative, powerful space to lead your company from. And I know that an overwhelmed mind does not easily create more revenue.
So your job is to stay focused on the 80% of the people who love and adore you. Stay focused on all the things you already do well. Keep your attention on what is positive. When feedback comes in about something that isn’t working, create systems to handle it.
Here are three possibilities:
Have your personal administrator field negative feedback. Have them track the important pieces that can help you fix problems and just chuck the rest in the trash can.
Have a monthly or quarterly call with your team to discuss best practices and solutions. Agree on a strategy to resolve the problems and date by when it will be done.
Make a commitment to be problem-solvers vs. problem-dwellers.
Problem-dwellers suck the life out of you. Empower your team to solve problems and suggest solutions that help your company achieve your desired outcome.
Most importantly, you have to stay in control of where your mind goes It is so easy to spiral down when you let your mental chatter go into the negative. Staying focused on the 80% is a way to retrain your brain to respond with power so you can grow.
This process is so critical that its one of the techniques we teach you at the ULTIMATE Business Breakthrough Intensive. To find out more about all the super-powered strategies you will learn at the UBBI, visit http://www.ultimatebusinessbreakthrough.com. Remember, focus on the 80!
Melanie Benson Strick, The Entrepreneur’s Success Coach, teaches entrepreneurs how to stop feeling overwhelmed so they can create more money, more freedom and more prestige. Co-author of Visionary Women Inspiring the World: 12 Paths to Personal Power and contributing author to Entrepreneurial Spirits , Melanie is co-creator of The Unstoppable Goals Method: How To Turn Your Ideas into Income in 90 Days. If you are ready to experience a breakthrough in your business, sign up for a 25-minute personalized Business Breakthrough at http://www.successconnections.com/breakthrough.html.
Author: Melanie Strick
Keywords: Coaching, Success Connections, overcome the overwhelm, success coach, financial freedom, opportunity
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March 8th, 2009 at 09:29pm
Under Entrepreneurialism
I’m in a room of 100 entrepreneurs. It’s time to ask the dreaded four letter word questions. The questions about how you PLAN for your business.
How many of you have a written plan for your business? (1/2 the hands go up.)
How many of you follow your plan during the week? (Only a few hands remain.)
Hmm. No wonder distractions run rampant and results are less than desirable. You don’t know what to focus on if your plan is hiding out in the folder you scribbled some notes on.
Maybe you can relate to some of these thoughts on planning:
The thought of sitting down to plan is like going to the dentist for a root canal - avoid at all costs until pain is overwhelming.
Your idea of a plan is scribbled notes on a cocktail napkin or a post it note.
If you do write up a plan it gets buried underneath your mail.
You let your daily focus get dictated by who calls you first for help.
You think planning is the arch enemy of money making and have labeled it admin stuff.
Here is the reality. Planning is a critical component to your success. If you fail to plan you might as well plan to fail. I know for some people it doesn’t feel fun to plan. Or it seems impossible to carve out the time to focus on planning. When you neglect to plan out your business goals and projects, you are wasting time, money, resources and your sanity! Here is the truth. One of the secrets to six and seven figure success is doing what works. Planning works.
Here is another reality. When you don’t have a plan, you aren’t going to be clear on how to use your time. So the result is: wasted time. What is your time worth? $100/hour? $200/hour? $300/hour? If you waste five hours a week on things that aren’t important, it could be costing you over $1,500. Add that up and it’s over $72,000 a year. That’s not even including what you could be losing in poor productivity in your team. What if you could not only get that back but double your productivity? Sounds like planning really is a high-payoff activity.
Here are a couple of tips to planning that could help you make it a high payoff activity.
First, make planning a regular part of your routine. If you are trying to add something into your life that is new, it can be difficult to find time. If planning is done regularly, then it becomes a habit. Here are a few ways you can make planning a habit.
>> Have a weekly review of your plan with your team.
>> Once a quarter, review your strategies and see where you are on (or off) track
>> Make a rule. No new project gets launched without a project plan.
>> Always incorporate your action plan tasks into your daily calendar system.
Second, change your mind about planning. If you think of planning as an unpleasant administrative task, you will never spend time on it. If you see planning as a powerful way to get things accomplished, save money and create more sanity, then you will see it as important and make time for it. Planning is so critical and so often people don’t make time. That why its one of the techniques we teach you at the ULTIMATE Business Breakthrough Intensive. To find out more about all the super-powered strategies you will learn at the UBBI, visit www.ultimatebusinessbreakthrough.com.
To wrap up, here is a formula I use a lot in coaching:
Planning = Freedom.
If you want more freedom to do what you love, then start planning for it!
Melanie Benson Strick, The Entrepreneur’s Success Coach, teaches entrepreneurs how to stop feeling overwhelmed so they can create more money, more freedom and more prestige. Co-author of Visionary Women Inspiring the World: 12 Paths to Personal Power and contributing author to Entrepreneurial Spirits , Melanie is co-creator of The Unstoppable Goals Method: How To Turn Your Ideas into Income in 90 Days. If you are ready to experience a breakthrough in your business, sign up for a 25-minute personalized Business Breakthrough at http://www.successconnections.com/breakthrough.html.
Author: Melanie Strick
Keywords: Coaching, Success Connections, overcome the overwhelm, success coach, financial freedom, opportunity
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March 8th, 2009 at 09:29pm
Under Entrepreneurialism
The Secret that the entrepreneur needs to know, is known by every successful entrepreneur. If this secret is not understood, 85% of all new businesses will fail in their first year.
The reason many businesses fail is not because of the idea or because the entrepreneur did not have business savy, but rather the simple secret to success was being overlooked, misunderstood, or ignored.
If you give yourself a moment to think about it, you will find that these simple components are well known, and all the successful businesses utilize them…
Well, think about it…
OK, what does Microsoft, Walmart, Fila, McDonalds, or Dell have in common with the successful entrepreneur, their secret is in the way they operate and market their businesses… their system!
Any business and every business should be following some kind of system; if you do not have a system to startup, run, manage and teach your business to your partners, employees, associates, etc., then you might as well get some gasoline, put it in a barrel along with your money, strike a match and let it all burn, you will save yourself lots of time.
So where do you find a system that works?
Well, there are many businesses that will be somewhat like the one you are considering. What you will want to do is study these businesses, find the similarities, then go forth and develop your business plan following their success patterns. In your research find out how long their run-up period was before they began to turn a profit because you want to ensure you have enough capital to get the ball rolling. Traditional business can take three to five years to turn their first dollar of profit.
Network Marketing companies also have great systems, just like franchises or well run companies, and they can be much less expensive to research, as getting started in them is typically inexpensive and the good ones get results. The system they use is readily available to their associates and many successful business owners have learned how to start and run a successful business using network marketing as a training ground
As a business person, the right network marketing company may be a great training ground for developing your system and possibly a way for you to raise your capital. This way you can ensure that you will make it through your ramp-up stage in the business you one day aspire to own.
Greg Nicholls is a successful business person that understands the systems that make businesses successful. To learn more from Greg, subscribe to his free weekly newsletter at http://www.deservemoney.com and if you want to see the Network Marketing system that Greg recommends, start with this marketing website and see how the system unfolds right in front of you at http://www.livenlife.com/deservemoney
Author: Greg Nicholls
Keywords: the secret,success,bills,residual,money,hybrid,millionaires,income opportunity,make money at home
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March 8th, 2009 at 09:29pm
Under Entrepreneurialism
Creativity!
Creativity! Are you Creative? Can you learn to be creative or is it something you are born with?
Creativity is a process of developing and expressing novel ideas that are likely to be useful.
Or
Creativity is defined as the tendency to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.
Therefore creativity is a process that anyone can improve on. Defining that process and improving on it is what we need to do to increase our creativity. Moreover, the purpose or goal of the creative process is the solving of a particular problem or the satisfying of a specific need, so if we keep this in mind, our process will have better results.
In order to be creative, you need to be able to view things in new ways or from a different perspective. Creativity involves convergent as well as divergent thinking. The creative process begins with divergent thinkinga breaking away from familiar or established ways of seeing and doing that produces novel ideas. Convergent thinking occurs in the later stages of the process. As the original ideas generated by the divergent thinking are communicated to others, they are evaluated to determine which ideas are genuinely novel and worth pursuing.
Again, creativity is a process you employ to improve your problem solving. So youre not done until your creative efforts have produced a product, service, or process that answers the original need or solves the problem you identified at the outset.
Creativity is a widely misunderstood subject. Do you have any of the following misconceptions about creativity? Doing away with them will improve your creative potential
Misconception #1: Intelligent people are more creative. This is wrong as intelligence correlates with creativity only up to a point. Once you have enough intelligence to do your job, the relationship no longer holds.
Misconception #2: Young people are more creative than the old. In the business world, the necessary creativity can be found in an adult of any age. At the same time, however, expertise can at times inhibit creativity: experts sometimes find it difficult to see or think outside established patterns.
Misconception #3: Creativity is reserved for the fewthe flamboyant, high rollers. The willingness to take calculated risks and the ability to think in untraditional ways do play a role in creativity. But that does not mean you have to be on the wild side, or take the midnight jet to Vegas for a quick 24 hours in order to be creative. It does not mean that you have to be markedly different from everyone else.
Contrary to popular conception, writes Peter Drucker, most innovators in real life are unromantic figures, and much more likely to spend hours on a cash-flow projection than to dash off looking for ‘risks.’ On rare occasions, those innovations will be visionary leaps forward that revolutionize an industry. But more often they will be small improvements that advance the organizational cause.
Misconception #4: The creative act is something you do alone. Actually many of the worlds most important inventions resulted not from the work of one lone genius, but from the a group of people working together.
So to improve our Creativity there are a few areas we can work on. Number one is curiosity. Dont hold back. Ask questions, wonder why, look outside the box and the everyday things you see all the time not only in your work, but in other things around you.
Challenge yourself, and others to do things differently and that will make you see things differently. Take a different way to work. Eat at new restaurants. Talk to new people. Talk about things you dont know anything about.
Dont be satisfied with the way things are. Shake things up! Dont settle. Provide a little constructive criticism, or even constructive discontent. Open the door to new ideas.
And finally look for opportunity. The silver lining in the cloud is only found by examining the cloud in detail, not simply accepting it as a rainy day. Look for ways to do better, faster, smarter, and ask others to help you find better ways.
In business success is created by having a sound plan, excellent execution of that plan, and constant monitoring and updating to build your plan for tomorrow. At Zedbiz we strive to give you the marketing and advertising tools to succeed. http://www.zedbizcom
Author: Jack Zenert
Keywords: creative, ideas, creative process
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