R  E  A  L   C  H  A  N  G  E

DOESN’T TAKE TIME.

IT JUST HAPPENS!

And the reason for such thought diversity between what small business represents and upholds, and the self-aggrandizing departure words of America’s Speaker of The House today has to do with the same reason small business has been under constant blindside attack by the government since 2008.

. . . our federal government is devotedly invested in management by consensus, where everyone involved must agree at least somewhat with every decision. This approach to problem-solving and getting things done has been religiously adhered to by all U.S. Government agencies. It has infiltrated the management behaviors of many if not most in funding-sponge academia, and in the upper ranks of many if not most failing lethargy-infested corporations.

Consensus-seeking management theory (like other “dead soldiers” e.g., Theory A and Theory Z and group hugs) might have solved problems and gotten things done decades ago in the “Hippy” years of the 1960s and 70s. But they simply do not work any longer in today’s world.

“Entrepreneurialism” and small business innovation –which thrive on maintaining a sense of urgency and taking REASONABLE risks– continue to be the true solution-directions that work. Yet they are consistently undermined by shortsighted government agencies that are relentlessly invested in maintaining the status quo.

Waiting for change instead of making change may have a place in history, but can no longer be tolerated as a modus operandi. There just is no time for such nonsense as waiting. ENTREPRENEURS ARE THE AGENTS OF CHANGE!

We live in a world of impatience.

Forward motion that plods

is backward motion.

When small business and entrepreneurs are punished with over-burdening taxes and unnecessary government rule and regulation intrusions designed to do nothing except further the cause of interventionist government in our lives, it proves itself more inadequate and less representative of the reasons it exists every day . . . in fact, every minute.

As the government continues to prove it’s own inadequacy, misguidance, and misdirection that have led to outright thievery of freedom, to outright undermining of our very economy (and knowing our economy is literally and unarguably dependent on small business growth and development), it is indeed time for change.

But REAL change–the kind that happens now, the kind that makes a difference, the kind that underscores the life/liberty/pursuit of happiness foundation of our country must be encouraged, not squashed, not stepped on, not bidden good riddance. It must be nurtured.

Small business owners and entrepreneurs need to get their heads out of the sand and stars long enough to realize their sand and stars are being eroded by slow, gradual, plodding change fostered by years of government intrusions and restrictions on small business growth and development.

It’s time to acknowledge that staying immersed in the sand and stars actually serves to allow, actually encourage and reward long-term politicking — politicking intentionally aimed at lining political pockets and underwriting meaningless wasteful programs that create greater business, family, and individual dependency. It does this by not paying attention to what’s swirling around the rest of you while your head is focused on business growth and development.

It’s easy to pick your pocket while you’re

bent over, star-gazing through a telescope.

Entrepreneurs and small business owners can no longer afford to feign ignorance or not take action . . . even if it’s simply speaking up and out more to others. Unless some changes happen quicker, our small business-dependent economy is destined for extinction. If you rent your workspace, there surely comes a time when you need to tell the landlord about a water leak or temperature control. Responsiveness is the entrepreneurial key to success. It’s time to step up to the plate and go to bat for CHANGE.

ADDENDUM EXCERPT FROM THIS BLOG (August, 2011 !):

It means taking just long enough to visit or write a couple of letters or emails to politicians about why you think small business matters. Take just enough time to support those who support your ideas about why small business matters. Why? Because small business does matter. And because it matters that we all step up!

Imagine the impact: 

THIRTY MILLION

(Estimated Total U.S. Small Business Owners)

visits and letters and emails calling attention to the economic recovery role of small business and why government must invest in small business –not with more wasted cash handouts– with tax incentives for innovation and tax incentives for job creation.

# # #

Keep your head cool and your feet warm . . . and thanks for your visit!

OPEN MINDS OPEN DOORS

Make Today A Great Day For Someone!

hal@businessworks.US

BLOWING  OFF  STEAM

Is For Steam Irons & Engines,

Man-Holes & Rock Star Stage Crews

“Hot Head” behaviors have no place in the workplace (including offices, vehicles, locker rooms, sport facilities, or military missions). Why? Because –besides the increased odds of someone getting hurt– it’s a useless waste of energy that deals with something that is in the past (longer than a second ago!) or the future (more than a second away!).

The past and the future are both fantasy.

This exact split second moment as you’re reading this is the only reality. If what you’re upset with is older than a second, it’s over and you can’t do anything about it. If it’s more than a second away, it hasn’t come yet and may never come. [If any of that creates commotion for your brain, you may want to read this paragraph one more time.]

This is not to say that any time, anger or upset feelings get the best of you that you need to be jacketed directly to the nearest psycho ward. It DOES mean that you need to do a better job of self-control by keeping your mind 100% in the present moment every passing moment as much as you possibly can when you do feel your tolerance level dissipating — or be prepared to face the consequences of losing your job, relationships and others’ trust.

Being a hot head is nothing to

 have cold feet about dealing with!

And this is experience talking, because I have done all of the above at different times in my life, including yelling in an office and banging locker room doors, and making the mistake of dismissing the idea that it mattered. Of course it matters. Leave emotional eruption behaviors to Hollywood where people are paid to pretend.

In case this line of thought strikes you as easier said than done, it’s not! Self-control –even under fire– is really quite simple to achieve in (could anything be more descriptive than what my father used to say): “Two shakes of a lamb’s tail!” if you are willing to own up to the fact that making it happen is worthwhile and that it is, in fact, your choice.

It’s useful to remember that all of your behavior is the result of your choice, or the result of a choice you once made . . . and that if you really want to change, change is a choice!

Okay, so what’s the magic answer? No magic! Just some increased awareness of what triggers your upset feelings and then doing something that you do every minute of your life in a slightly more pronounced way. That’s it. You’ve read this far and want the quick free (no-sales-pitch/no-gimmicks) steps that will work for you right this minute? TAKE THESE STEPS NOW

# # #

Keep your head cool and your feet warm . . . and thanks for your visit!

OPEN MINDS OPEN DOORS

Make Today A Great Day For Someone!

hal@businessworks.US

And perhaps you thought “Whew! This is the end of the 30 Days.”

But guess what? It’s just the beginning of The New Economy . . .

Entrepreneurs,

it’s time to get moving!

Adapted from the book 30 DAYS TO THE NEW ECONOMY by Peggy Salvatore

The next 7 steps you need to take now. Now? Now!

Over the last 29 days, we’ve discussed the ways in which yesterday is over, and today’s markets are not the same as they’ll be tomorrow. You need to be ready to pivot.

If you haven’t yet, you must be ready to continually assess and adjust and re-position as conditions change. Success loves speed. That’s because the New Economy is knowledge-based, nimble, and driven by technology—with the Internet as its infrastructure.

Old rules don’t apply.

If you’re an entrepreneur in this environment, working alone is no way to navigate this wild frontier.

You need to plan for the unique challenges and issues you will face in all facets of your business – marketing & competitive analysis, sales, finances, vendors & sourcing, labor & management, training & employee development – not to mention how to balance your business drive with your personal life to achieve maximum performance.

If you are just beginning or partway down the path already, make sure you keep these 7 STEPS TO ENTREPRENEURIAL SUCCESS on your mind and in your pocket:

• Define realistic objectives – Besides “realistic, make sure your goals are also specific, flexible, due-dated, and in writing (even if it’s simply on the back of an envelope) . . . keyboarding simply doesn’t cut it if you’re truly serious about pursuing your vision of the picture you mentally paint for your enterprise five or ten years from now.

Write down your realistic/flexible/specific/due-dated goals that will lead you to that vision. If you feel you’re not getting there, simply adjust something about your goals (due date, sales numbers, whatever). Being able to make goal adjustments is exactly why it’s important to keep them flexible. Just put your pen to the back of another envelope!

• Create hands-on strategic plans – have 90-day plans as well as a one-year plan. You can count on delays, screw-ups, people problems, government interventions, market changes, inopportune news events. Don’t trow away your plans. Just keep adjusting them. Let reality dictate.

• Employ winning entrepreneurship tactics – Figure out what’s working, what’s worked in your market. Master the art of permanent beta

• Work with all your critical stakeholders – customers, employees, vendors and investors . . . and especially customers! See problems as opportunities. Demonstrate your trustworthiness daily . . . people trust actions not words.

• Motivate employees to share your enthusiasm – share your vision and work in tandem with your people to help them create team goals.

• Take Care of Your SELF! – without your good health and well-being (including not taking yourself too seriously), even plans etched in stone will do you no good!

• Stay alert to new connections and new opportunities – but don’t “jump” at any of them for the sake of money alone, no matter your financial need. This is hard to understand when someone waves cash at you (and you’re living on peanut butter sandwiches) . . . until you’ve been swindled or until you discover that you’ve underestimated your budgeting. You may never fully understand the need hold back when you’re feeling broke. But it’s more likely than not to happen. If you’re not a world-class underwater combat swimmer, stay away from dreaming about Shark Tank! Reality, remember?

# # #

Watch for 30 More Days to the New Economy where

we look at today’s people and businesses that are crushing it.

In the meantime, come back next week to catch Hal’s newest small business, branding, marketing and entrepreneurship commentary

# # #

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With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

———-

For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

# # #

Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!

Your Role In History As An Entrepreneur

HEALTH  and WELLNESS

Adapted from the book 30 DAYS TO THE NEW ECONOMY by Peggy Salvatore

Health, wellness and employment

are inextricably intertwined.

As an entrepreneur, you are responsible for your own, and possibly your team’s, health and wellness.

A study released in June 2015 found that almost one third of workers would quit their jobs if they didn’t have access to healthcare benefits through their employers.

Not only are employees concerned about healthcare benefits while in your employ, a smart business owner is concerned about the health and wellness of his or her employees in the New Economy.

After all, wellness is correlated to physical, mental, and emotional health, and those states of existence directly affect on on-the-job performance and productivity. A healthy worker is a contented and productive worker.

Knowledge workers are engaged in activities that fulfill them personally. They are not disconnected from their work as the manufacturing line workers of the industrial era. You and your team will operate at peak efficiency when the mind-body-spirit connection is acknowledged and encouraged.

Health and wellness is more than just eating granola and yogurt, using skin cream and doing push-ups . . . or providing a health plan.

For yourself and anyone on your team, health is about exercise and stretching fitness, eating well and having a positive mental attitude. All those things that contribute to holistic health affect the performance of your business because–combined–they put you and those who work with you in a better position to minimize and deal most effectively with the inevitables of negative stress.

You can put your enterprise on more solid footing by making sure you are taking good care of yourself, that you are promoting by example, and that you are making health and wellness opportunities available to members of your team.

Beyond funding doctor and hospital insurance, employee health and wellness can be supported by online and telemedicine services that monitor function, give feedback to exercise and diet efforts and support people during difficult personal times. Is YOUR business jogging in place?

Smart entrepreneurs are sensitive to

the mind, body and spirit connection

for themselves and those around them.

# # #

C’mon back MONDAY 10/19

for THE FINAL DAY (#30)

IN THIS DAILY 30-DAY SERIES.

# # #

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LIMITED SEATING COACHING WEBINAR:

“ENTREPRENEURS ARE AGENTS OF CHANGE . . . Accelerating Your Business”

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With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

———-

For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

# # #

Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!

Your Role In History As An Entrepreneur

EDUCATION and TRAINING

Adapted from the book 30 DAYS TO THE NEW ECONOMY by Peggy Salvatore

Over the last few weeks, we discussed the knowledge worker, the learning organization and human capital. All these concepts are built on this one essential tool which is the basic education and formalized training of yourself and your team.

“Real value” starts with solid foundational learning that begins almost at birth because there is so much to know, and we now finally know so much more about how we learn.

Real physical learning —beyond mother, father, sibling and caregiver learning— usually begins in preschool and is enhanced by formal elementary school or home school teaching of young children. By the time young teens enter high education, their paths are often clear.

In the U.S., as children grow into the teen years, the opportunities begin to splinter into specializations in the forms of publicly-funded magnet and alternative schools –and for those who can afford it, private schools– where education is usually more competitive and tracked toward certain university programs.

Some foundational learning can be had online but most still exists almost entirely in a physical setting or classroom building.

But, aha! Much university learning is moving more online which means that both the entrepreneur and his or her team may have specialized learning opportunities to be shared via a global online university.

Private, for-profit online universities often do not have the rigorous entry requirements of a physical university, but the coursework is comparable.

Ongoing adult learning is facilitated through the workplace, often supported by the workplace (or self-driven) using free, non-degree materials available through organizations online.

Nothing speaks more loudly about the way humans seek fulfillment and self-actualization than the proliferation of for-profit online universities, professionally sponsored educational forums and classes, and private businesses dedicated to providing educational products for personal and professional development.

Many private corporations (like the two examples cited below) have been paving the way in recent years with their own in-house proprietary universities:

• In Delaware — parented by BURRIS LOGISTICS the leader in refrigerated trucking services, BURRIS UNIVERSITY — uses community college facilities near its headquarters to teach courses on personal and professional development (including communication and motivation skills) to regular gatherings of managers from BURRIS offices nationwide.
• In New Jersey — 9-State commercial cleaning industry leader HEITS Building Services www.HEITS.com uses it’s own online HEITS UNIVERSITY curriculum to train and certify all employees in subjects like Eco-friendly customer care, bacterial health cleaning, regulation compliance cleaning and maintenance, and equipment and chemical safety . . . and to reinforce franchise owner coaching programs.

In a knowledge-based economy, workers are lifelong learners and achievers.

As an entrepreneur, you will be a lifelong learner absorbing massive amounts of information coming at you. Some of your education will be used just to give yourself and your organization the ability to sort and curate information coming at you in order to more effectively hone in on what’s relevant for driving your own business forward.

Take advantage of being an educated consumer of lifelong learning. That mindset allows you to intelligently filter and absorb the onslaught of information you need to be a true entrepreneurial leader, and to operate effectively in the New Economy.

# # #

C’mon back FRIDAY 10/16 for Day 29  —

ENTREPRENEURIAL HEALTH & WELLNESS. How’s yours?

# # #

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LIMITED SEATING COACHING WEBINAR:

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With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

———-

For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

# # #

Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!

Your Role In History As An Entrepreneur

COMMUNICATIONS  NETWORK

Adapted from the book 30 DAYS TO THE NEW ECONOMY written and published by Peggy Salvatore

Your communications network needs to be at the very

heart of your business model in the New Economy.

A communications plan with your team and your customers is no longer just a “nice to have.” It is absolutely essential to your survival.

It doesn’t matter whether your products are virtual or physical, you need a full-time communications network in place to keep your business stabilized and viable.

Your communications network is based on your Internet provider but only starts there. Communications includes the platform for communicating, the software that you use, the web of relationships that you have, and your people as well as technical communication skills.

Beyond a reliable Internet connection, you need to be running software that is compatible with everyone else. Most of the web-based communications platforms run for everyone, just about everywhere. And they are easy to use. Your communications platforms need to be universal because building and maintaining productive relationships with customers and team members depends on platform functioning in addition to how you “come across” to others.

It’s best to start with a reliable email service. Then add a service that allows you to deliver large files such as Dropbox, or another file transfer protocol provider. Next, add a team-friendly platform where you can gather everyone for face-to-face virtual meetings (e.g., Skype, Go To Meeting, etc.). Finally, you’ll want to  layer any number of software programs that enhance your experience, and set to work honing your personal listening and presentation skills.

In concert with developing your email, messaging and meeting services, social platforms, and personal communication skill platforms, you’ll need to be thinking about how to be–or have someone close to you be–a centralized axis for keeping all those around you in the strategical planning and tactical action steps loop.

Even if you are technically savvy, expect to have a technical support person or three at your disposal. If you have someone whose job it is to manage the technical communications issues upon which your Internet business relies, it frees you to concentrate on the pieces that you can’t replicate which is all the value that your specialty brings to the marketplace.

I am always impressed and amazed at the stories of entrepreneurs who dedicated nights, weekends and months to mastering communications platforms to build their business. But at some point, sooner rather than later as revenue arrives, it is a good idea to liberate yourself from maintaining the networks upon which your business depends and put that into professional hands.

Your ability to communicate with your customers and your staff is the lifeblood of your business in the New Economy.

You cannot afford to jeopardize your customer communications flow and consistency simply to save a few dollars, or because you think that you can do it well enough. “Well enough” isn’t good enough as you become a bigger player, even a marginally bigger player (unless you’re just faking it)!

Put your money into development of an ongoing communications platform as one of your first investments. It is one investment that can make the difference between life and death for your business. Remember: HEARING IS NOT LISTENING!

# # #

C’mon back WEDNESDAY 10/14 for Day 28  —

What’s your plan for keeping sharp and tuned in? You’ll need more than a grinder and a radio.

# # #

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With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

———-

For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

# # #

Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!

Your Role In History As An Entrepreneur

BUILDINGS and MACHINERY

Adapted from the book 30 DAYS TO THE NEW ECONOMY by Peggy Salvatore

After yesterday’s discussion of human capital, it is on to a discussion of the more traditional role of capital as assets in the form of buildings and machinery.

Large office complex workspace will not disappear, but a lot of new entrepreneurs (like Internet Joe) will find they can start with a home or garage-based office . . . or perhaps need even a lot less real space (like a tabletop) for an online business.

Successful businesses

will always need an official location.

Growth makes an official office site important. If a business is largely virtual and run by a team that is scattered in offices throughout the world, home offices may suffice as ground zero.

Even small entrepreneurs would do well to consider temporary or flex office space for an official address and, more importantly, to take the business up a notch.
When a young entrepreneur has assembled a team around him or her, it is best to co-locate everyone to gain the benefit of team thinking and creative brainstorming.

So, even office-based online small businesses gain value from official office space.

Beyond the small online entrepreneur . . .

Your small business may require more than a few desks, computers and routers. Your idea may require lab space or assembly and warehouse space. At some point in your growth, expect that warehouse, transport and meeting space may be required. Plan for growth in your financial projections and that includes physical commercial space.

Customers of global businesses in the New Economy still expect to see a real street address with a GPS location.

A location grounds you

and makes you more real for your virtual customers.

While buildings and machinery are still an integral part of business in the New Economy, they just don’t take center stage anymore.

Physical building spaces and machinery needs are now smaller, more compact, more flexible, leased, and temporary. Remember that as an entrepreneur in the New Economy you are always ready to pivot.

Whatever it is, if you can do it here, you can usually do it there as well. The difference is that while your physical presence gives weight to your enterprise, your physical building and machinery presence won’t weigh it down.

# # #

C’mon back TUESDAY 10/13 for Day 27  —

Okay, so you can communicate. So can bumble-bees (better even, in fact, than humans). Let’s assume you are up to bumble-bee standards and can make your point clearly, listen carefully, provide great feedback, and that you go beyond bees to be able to write/compose perfectly. What’s your communication plan?

# # #

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Get fresh, informed, proven insights geared specifically to your business market, your biggest problems, your biggest opportunities.

With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

———-

For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

# # #

Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!

Your Role In History As An Entrepreneur

H U M A N   C A P I T A L

Adapted from the book 30 DAYS TO THE NEW ECONOMY by Peggy Salvatore

I’ve heard some people say that they don’t like the term “human capital” because it sounds cold and impersonal. Actually, when I first heard it years ago, I liked it for exactly the opposite reason. Human “capital” describes the value of workers to an enterprise. Whereas labor is typically counted as a cost, capital describes an asset.

Without knowledge workers

in the New Economy,

a business has no valuable assets.

On DAY 23, we discussed the importance of enterprises as learning organizations since knowledge and information are growing exponentially by the minute. In a knowledge-based economy, humans are the most important resource.

The knowledge-based worker turns the idea that machines displace workers on its head. Workers who tend machines or build widgets that can be assembled by robots are underutilized. One study by the Martin School at Oxford predicts that 48% of American jobs alone will be lost to robotics in the next 20 years. This is good news because as the New Economy grows, workers grow in importance and stature. Rather than being displaced by machines, knowledge workers are freed for higher level tasks, tasks that use more of their innate abilities and engage their interests. Higher level tasks in a knowledge economy move workers closer to full actualization of their potential.

A 2015 Gallup Poll

found that 70% of

 Americans hate their jobs.

I am going to guess that statistic can be pretty closely correlated anywhere on the planet. Being freed from loathsome employment is the joy of Internet Joe and the people on his team. As the lowest, ugliest jobs disappear, the entrepreneur and his creative staff can enjoy serving a growing global online market of potential customers who will consume vast amounts of innovative human resources.

Worker displacement by machines has always resulted in raising the living standard of all despite fears of laborers during the period of dislocation. The accelerated process in a rapidly-expanding knowledge economy should be no different.

So, “human capital” it is.

 Hiring Knowledge Workers

Internet Joe is building his online empire on the shoulders of knowledge workers. Deep knowledge workers. Highly specialized people who may be in his employ or may be supplying services as a vendor.

The human capital resources needed by the entrepreneur in the New Economy are the best available in the world, literally in the world, serving the world. Knowledge workers as human capital are always learning because growth is joy.

As an entrepreneur, you will be supporting workers who find fulfillment in what they do. That kind of leadership will require a different brand of guidance than leadership in the past that was focused on motivating workers to perform repetitive or onerous tasks. Entrepreneurial leadership in the New Economy is more about clarifying the vision than motivating your employees.

Knowledge workers on your team will sometimes lead you, and that is a perfectly acceptable turn of events when you are working with highly valuable human capital.

# # #

C’mon back TOMORROW 10/12 for Day 26  —

You got the spunk. You got the ideas. You got the

money. You got the marketing. You got the contacts.

But do you “Got The People”?

# # #

 SPECIAL   A N N O U N C E M E N T

Sign up NOW for NOVEMBER 29th (Sunday Night after Thanksgiving)

LIMITED SEATING COACHING WEBINAR:

“ENTREPRENEURS ARE AGENTS OF CHANGE… Accelerating Your Business”

Get fresh, informed, proven insights geared specifically to your business market, your biggest problems, your biggest opportunities.

With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

———-

For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

# # #

Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!

Your Role In History As An Entrepreneur

R E V E N U E

(As in “Department of YOUR Internal”)

Adapted from the book 30 DAYS TO THE NEW ECONOMY written and published by Peggy Salvatore

At the outset, most people will start their business with investor or personal financing. In short order, a viable business in the New Economy will generate revenue.

Revenue generation is the money you bring in from customers for your products and services. While you won’t necessarily run your business from customer revenue from Day One, you should be able to do so within a few months.

With a:

• Global online business, you need to find a way to validate payment in a form that is recognized on both sides of the transaction. Because your business is global and virtual, your revenue will ideally be global and virtual too. The issue of valid payment for revenue generation is part of building the infrastructure for the New

Economy. This issue begat payment forms like bitcoin.

Ultimately, the New Economy will form the basis for a global currency simply because it makes sense. When global business was conducted only among large corporations or a limited number of globe-trotting individuals, currency exchange was somewhat cumbersome but manageable. In a commerce system where individuals are trading among each other constantly, a common global currency makes common sense.

• Global currency is one of the hot potatoes that causes governments and political interests enormous discomfort for reasons that go beyond our scope here. But let me suggest here that, just as commerce led the way to break down barriers among different people as merchants set sail for spices in India and silk in China, global Internet commerce will trump parochial interests as the new entrepreneur needs to find a way to receive payment from customers.

• Global pricing is a tangential issue to global payment. Pricing (a function of marketing) is often locally controlled and regulated especially in certain industries. Products and services on the Internet eventually will create an environment where value is rationalized across economies as the world merges into one seamless trade opportunity.
• Global trade does not have to be a hot potato, either. But for the reasons that are beyond our discussion here, the opportunity to expand commerce and increase opportunities for human beings everywhere will eventually defuse those issues. A global currency doesn’t have to be a painful dislocation but rather it can occur as a slow, organic and natural progression of the growth of human knowledge and potential. Forays into bitcoin and similar ideas demonstrate the process.

As noted earlier in this series, war is historically the way that humans have expanded their influence. The emergence of a global merchant class slowly but constantly changed the tools of influence expansion from blunt-edged brute force power to soft economic power expanding among individuals. The individual entrepreneur with access to global markets and interconnected billions of people will complete this transition.

The need for a medium of:

• Global exchange among individuals trading on a global basis will have effects far beyond the practical solution of making value connections using a common currency.

Remember DAY 4? The Arab Spring in Syria? Humans connected with humans who connected the dots. With the incentive of global markets for individuals, expect global currency and further breaking down of barriers among humans. Stay the course. It will take courage!

# # #

C’mon back MONDAY 10/12 for Day 25  —

You got the spunk. You got the ideas. You got the

money. You got the marketing. You got the contacts.

But do you “Got The People”?

# # #

SPECIAL   A N N O U N C E M E N T

Sign up NOW for NOVEMBER 29th (Sunday Night after Thanksgiving)

LIMITED SEATING COACHING WEBINAR:

“ENTREPRENEURS ARE AGENTS OF CHANGE . . . Accelerating Your Business”

Get fresh, informed, proven insights geared specifically to your business market, your biggest problems, your biggest opportunities.

With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

———-

For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

# # #

Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!

Your Role In History As An Entrepreneur

F I N A N C I N G 

Adapted from the book 30 DAYS TO THE NEW ECONOMY written and published by Peggy Salvatore

We already explored the potential of the effect of the changing financial realities of the New Economy on your Internet business. Some of the old gatekeepers of investment capital have been supplanted by the ability to reach out directly to potential investors.

For small entrepreneurs, you may only need a few thousand dollars. With the amount of free and low-cost resources at your disposal, you can start a substantial business with little startup cash. That means many people can build their business out of pocket.

There are many benefits to funding your own enterprise. You have no debt except to yourself. You retain control of the business and you own it 100% outright. And you spend your time on your business, not court- ing potential investors. If you can do it, self-financing is the way to go.

If you need to attract investors for a larger idea, you can go directly to individuals. Wise investors (which is what you want) will vet you and help you by making sure your idea is viable and you are able to execute it professionally. Consider wise investors another advantage that you take into your venture.

You may be the person who imagines the concept, but you don’t want to go it alone. Wise investors will look at the credentials of your support system as well as your own ability to execute your ideas. The more advisors and team members you have in your corner, even those part-timers and professional friends, are very important to your success.

You want others to help you hone your ideas, promote your products and services, and be your cheerleaders on days when you need one. When you are looking to attract capital, that team will make or break your ability to do so.

Be strategic about your partnerships. A geek with sales skills might be able to sign up customers and design websites but not write content. A strategic partnership  with a content writer (who may even be in a different country!) who has no site design or sales skills, can accomplish more than either can working alone.

And there’s no legality (besides perhaps a dated, mutually-signed “letter of understanding” to set forth what’s agreed) involved, and no complicated financing involved. What there needs only to be is separate skilled businesses or individuals with mutual trust and ambition. It can work like barter with a split-fee arrangement.

Build bench strength where you have weaknesses

Make sure the human resources you have on board support your mission and can conduct all the internal business processes required to operate legally, ethically and with solid financial plans.

Finally, be realistic about the amount of financing that you need. If you overestimate, you will spend your time raising money for things you don’t need or could easily and more quickly do yourself. If you underestimate, you will get only partway to goal.

A great realistic plan is to start your business in small and manageable chunks with the resources and financing at your disposal, and when the marketplace responds with interest and orders, you can raise the stakes.

# # #

C’mon back TOMORROW 10/9 for Day 24 —

Are you your own Department of Internal Revenue?

# # #

SPECIAL   A N N O U N C E M E N T

Sign up NOW for NOVEMBER 29th (Sunday Night after Thanksgiving)

LIMITED SEATING COACHING WEBINAR:

“ENTREPRENEURS ARE AGENTS OF CHANGE… Accelerating Your Business”

Get fresh, informed, proven insights geared specifically to your business market, your biggest problems, your biggest opportunities.

With Hal and Peggy’s wealth of business coaching experience, you’ll learn how YOU match up with what successful entrepreneurs are thinking and doing RIGHT NOW. Get ideas you never imagined. Gain the traction you need within 2 hours — not days or weeks or months. Simply call 931.854.0474 Central Time: 11AM to 4PM Monday-Friday for details, to explain your business pursuit focus and to reserve your seat! $99 total for 2 hours. Satisfaction Guaranteed.

———-

For more information on Peggy Salvatore’s book: 30 Days to the New Economy [© Peggy Salvatore 2015. All Rights Reserved.] click on ENTREPRENEUR NEWS or visit ow.ly/RysnP for the E-book

# # #

Hal@Businessworks.US      Peggy@Businessworks.US

Open Minds Open Doors

Thanks for your visit and make today a GREAT day for someone!