Do you have an idea for a business? Perhaps the only idea you have is that you NEED an idea so you CAN start a business. Before turning any idea into a business, you must first have an idea how to succeed. For most people, the definition of a successful business is one which is profitable, and a profitable business is built upon ideas that have been properly researched. Here are 10 steps you can take to flush out an idea and turn it into a...more
Practical Biz Solutions The business success newsletter for business owners, top executives, and commission sales people from Stan MannPlease forward Practical Biz Solutions to appropriate friends.Dear Reader: High Achievers have great strengths. They also have correspondingly great weaknesses. The very leadership style that worked so wonderfully in one situation may be self-defeating in another. This occurs most often when a gifted entrepreneur...more
Why do some teams perform well while others struggle? How can you assess how effectively your team is working now, and identify methods for improvement?Research shows that 85% of the reasons that teams of people succeed or struggle has more to do with interpersonal issues, than technical competence. But both are needed for effective teamwork. Below please find a checklist you can use to identify the strengths and development needs of your own team:1. Clear GoalsIt's very hard to get there if you don't know where you're going! And it's very hard to accomplish your goals if you haven't made them clear. Make sure there's no question about your team's purpose, function and objective.2. Clear Roles and Responsibilities.It's important that roles and responsibilities are clearly specified in order for people to be accountable for accomplishing their part of the team's tasks. Misunderstandings and conflicts frequently occur when roles and expectations are not clearly defined.3. Information Sharing.In order for the team to make the best decisions, each team member needs to be provided with relevant information. High performing teams don't guard informationÂ… they share it freely.4....more
If you gather 100 experienced leaders together to share with you their most important secrets for success, you probably wouldn't hear a lot of academic theory or jargon. Instead, this is a good idea of what you'd hear:1) Put ethics first. If you make unethical decisions for short-term gain, you will lose in the end. Let your principles guide...more
Before you call your next meeting, the FIRST step is to decide if it is really essential. To determine that, ask yourself the following: Is this meeting essential? Can we do without it? Can we accomplish the task without a meeting? Can it wait another week? Can we get things done with few meetings?Then, if you have decided a meeting is the best...more
You wouldn't build your home on anything less than a solid foundation. Similarly, you can't build wealth and financial independence without first having sound foundational principles to build upon.I have found that many people are working on wealth building strategies such as maximizing their 401K returns, aggressive stock trading, and real estate investing without such a foundation.Most of my clients are coming from a "one step forward, two steps back" cycle of wealth building that gets them nowhere in the long run.There are steps you can take to make sure that you are maximizing and protecting your gains at the same time. Without these steps, you are destined to experience the gain-loss cycle which, in the end, is like spinning your wheels in the mud.Discover how your employment circumstances affect your wealth building strategy and have more of the things you want by identifying your biggest expense and managing it without having to make more money. Most people take gains in their cash flow to mean they can spend more on things they don't need. It is human to want to surround yourself with the things you want to match how you feel about your new income from investments or a...more
If someone offered to loan you $2100 of your own money at interest rates of up to 222% you'd probably laugh at them and walk away; but, this spring, 1 in 10 Americans will do just that: they'll borrow their own money at interest rates as high as...more
A strong tendency towards a sellers market will continue until the baby boomers finish the cycle of buying and selling real estate, estimated to end in 20 years, according to the Senior Real Estate Association. Baby boomers (born between 1946-1964)...more
There are many simple, infallible ways to earn income, and one of the surest ways is through marketing your business on the internet. When you learn basic internet marketing techniques, you'll wonder why you haven't already jumped on the bandwagon....more
If you're like most people, it's hard to make ends meet with just one income. If you are married, both partners must work, spending countless thousands of dollars on childcare and business clothes. To offset their monetary deficit, many people are...more
What is required to be successful in your home business? Before we can answer, you must understand what "success" means and what common characteristics successful people have. If you are reading this article, you probably want to be successful and...more
You may operate a home business selling services or products, but no matter which kind of business you're in, there's always a question in the back of your mind: will my home business succeed or fail, or do I have the motivation it takes to keep it...more