Archive for the 'Management' Category

Apr 18 2011

The REAL You

If what’s inside

                              

isn’t shining outside…

                                                            

your business is in trouble.

 

You’ve known this since you were a kid and first became interested in business. Your lemonade and comic book stands sold more when you gave that missing tooth smile. Well, you might still be missing a tooth or two, but hopefully you haven’t allowed yourself (chosen) to get lazy about wrapping your bright light around your venture.

I’m not going to lecture you about taking stock and personal inventory and making the most of your charm and all that other stuff that I’ve already printed here at one time or another. You can find it with a couple of the links here and in the search window. I AM going to tell you that there’s no room in entrepreneurship for (choosing) laziness.

If you’re not feeling charged up every day when you jump out of bed, something is not right. 

Have you lost touch with your mission?

With reality?

With those who support you?

With why pursuit of your idea must outweigh your pursuit of money?

                                                                                

Have you become (chosen to be) sidetracked with issues that pull you away from the burning desire you once had to make your ideas work? A family situation? Health problem? Staffing upsets? Investor edginess? Sales failings? Equipment not performing? Well, hey, you got trouble, right here in River City.

Now you can see why “poor management” is the number one reason for business failure? Why, sure: management of personal life, management of employees, management of financial support, management of marketing, management of operations. Trouble is only YOU can fix the ways you deal with any of these issues. And that takes focused energy.

You can never start a fire with a magnifying glass as long as you keep moving the magnifying glass.

                                                                

Neither is it likely you’ll start a fire by keeping the magnifying glass fixed on a huge fresh-cut tree trunk. Your grip and wrist will give up first. Keep your focus steady. Keep it on paper or kindling and gradually build your fire by adding more and bigger pieces of wood or coal, a little at a time. Keep your energy channeled. Use patience.

Entrepreneurship –contrary to popular belief– is not about leaping wildly from one fire to another. If you could ask Ford and Gates and Oprah and Edison and Jobs and Carnegie, you’d be reminded that they each succeeded by: 1)staying focused, 2) by taking one step at a time, and 3) by believing in themselves!

Can YOU do all three of these things consistently, tenaciously, without giving up on yourself?

                                                               

If you can–and here’s the simplicity of it all– you will succeed. Period. If you cannot (or are not willing to choose to), don’t whine and cry. There’s plenty of good space for you in government work, and with corporations, where loyalty and CYA behaviors are rewarded over innovation and taking action. Weird, isn’t it?

It’s weird considering America runs (with apologies to Dunkin’ Donuts) on Entrepreneurship, and we have a White House that doesn’t get it. Ah, but less than 19 months left to change “the change.” As for changing what you’re dealing with right now, choose forward motion, then take a step. Now. You can, you know.

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Apr 17 2011

Set Your Assets On Fire!

Before you throw all your

                                     

  tech stuff on the BBQ . . .

                                                                                                    

 

Recognize, first and foremost, that your greatest assets are your people. If you’re a one-man-band, maybe “your people” are a loving spouse, partner, children or parents who assist you, or a reliable friend or two who consistently refer(s) others to you . . . or a hotbed of talented interns.

If you’re the owner of a small to medium-size business, perhaps “your people” are account or department or office or branch managers.

The point is that I am NOT suggesting you run around torching these folks, or even giving any of them a baseball-dugout-style “hotfoot.”  I AM suggesting that you ask yourself (and answer) the following questions:

                                                                              

Can you readily identify and easily separate your internal and external customers?

What percentage of each day are you actively marketing to each group?

In other words:

  • How much and how often are you (externally) marketing your people?

  • How much and how often are you (internally) marketing TO your people?

  • How much and how often are you (internally AND externally) marketing THROUGH your people?

                                                                               

Do you think the meaning of Customer Service is to have a Customer Service person or department?

  • If each and every one of your internal customers know how to relate to and respond to external customers, why would you have to pay someone or a group to perform this function?

  • Ideally, anyone in your organization whom I might reach by phone or meet in-person should be able to handle my customer service needs.

                                                                  

Your marketing people or your own marketing sense tell(s) you how to motivate external customers. You surely have a strong idea of what sells and what doesn’t sell them on your product(s) and/or service(s). Do you have a sense of confidence about the best ways to motivate internal customers?

Do you apply Maslow’s Hierarchy of Needs?

                                                     

If you try (or have tried to) apply Maslow’s Hierarchy, are you (or have you) doing (done) it from a position of strength — by first being a detective to understand individual “hot spots”? Has this approach helped you to realize that the best internal customer rewards are not (in spite of all popular beliefs) not always cash, raises, and bonuses?

As a leader who is heavily invested in growing the loyalty, respect, and receptivity of both internal and external customers, are you making a conscious effort to breed entrepreneurial thinking accompanied by reasonable risk-taking behaviors? Or are you breeding investment in the status quo?

Are you fostering and nurturing innovation. Do your people come to you with just ideas, or do they fully exploit the ideas they propose with well thought out paths for implementation that include all possible operational, financial and marketing applications? Do you get a thorough and complete picture instead of just a quick sketch? 

Having great people behind you is great for your ego. Having great people behind you who are inspired and highly motivated, who deliver comprehensive plans of attack, is great for your business.

Which is more important? 

 

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302.933.0116 or Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Make today a GREAT day for someone!

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Apr 16 2011

Redistribution of Wealth

Not “Wealth” — It’s 

                                 

OPPORTUNITY that needs

                     

to be redistributed!

                   

It seems most everyone in the business world agrees that Mr. Obama needs to take an economy lesson from the world’s leading retailer.

Wal-Mart today announced it will be cutting consumer costs across the boards to increase revenues and stimulate some genuine deficit relief. 

Congratulations again, Wal-Mart. It’s no wonder you’re on top. You think and act like a business even when many in government would wish for you to roll over and give up.

Oh, but Mr. Obama, why would you who has dragged America feet first into a socialistic state, and almost necessarily into a companion state of incipient bankruptcy along the way, have any regard for a business solution?

After all, you’ve been doing everything humanly possible to make small business enterprises  (America’s ONLY hope for REAL job creation and economic turnaround) go away.

That is correct, isn’t it? (In fact, if you could just once admit this truth, we could move things forward quicker and much more productively — just get the politics out of it!) 

You offer nice sound bites and token funding through do-nothing federal agencies that duplicate efforts for extra (tax-dollar) pay! — just get the politics out of it!   

Nonetheless, Wal-Mart has got it right. Mr. Obama continues to get it wrong.

We have a man whom many believe falsified his way into the White House (If he didn’t, why has he spent a reported $2 million to cover up his true birth information? Regardless of what’s true, does that make any sense?).

It’s simply further proof of the pudding that questions of propriety have been back-seated to those of political pursuit at all costs. And in the process, business thinking has been relegated to “the kid’s table.”

But that’s what happens when ignorance runs incompetence. 

We have in Mr. Obama, a man who hasn’t a single clue about how business works, and who –adding fuel to the fire– appears utterly incapable of even understanding the need for having a business sense of urgency.

For the sake of all businesspeople everywhere in the U.S. and on the rest of the planet, and for all Americans, let us hope we have learned enough about talking the talk (instead of walking it) that we exercise some damage control and nip his political pursuits in the bud.

The notion that redistributing the wealth is a worthy goal is a mark of total naivety. Redistributing opportunities to those who create the wealth of our nation is where the federal government focus needs to be.

Only by supporting America’s small business growth can America support itself because coming from a position of strength is the only meaningful way to be able to afford to help others to grow.

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 302.933.0116 or Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Make today a GREAT day for someone!

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Apr 13 2011

You Are Your Business

Take a step back.

                      

Take a deep breath. 

                   

 Take stock of 

                                     

where you are.

 

                                                                                                          

If your business is your life, you are obviously not a corporate type or some government flunky. Only true entrepreneurs make their businesses their lives. And only true entrepreneurs need a crowbar to separate the two. This is good and bad. Good because your business will succeed. Bad because–in the process–you the person may not. 

You need a “HOW GOES IT?” meeting

with yourself, now, today, tonight, at sunrise!

                                                            

You need to not make excuses for delaying it. At the rate government continues to ravage America’s 30 million small businesses, you cannot afford a delay past this coming weekend. I know, it’s a family deal coming; it’s your only chance to see Lady Gaga; it’s income taxes; it’s . . . STOP! Take some deep breaths.

This is not a half-baked suggestion to do some fancy inventory of your customers, branding program or finances, though it’s hard to do too much of that. This is an informal step-back-out-of-the-woods assessment point in time which healthy successful entrepreneurs make a habit of practicing every couple of months (at least quarterly).

  • Start with a quiet place where you will not be interrupted for two hours by cell phones, radio or TV reception, machinery, other people or barking dogs. (Sunrises are great!) Walk on the beach, through the woods or in a quiet park . . . or just sit parked in your car. Bring a pen and notepad (no keyboards or keypads).

  • Write down one single sentence that best describes where your business is right now. Follow that with another sentence that best describes where you are right now — physically, mentally, emotionally. Be honest. It’s just for your brain. No one else need ever see this piece of paper.

  • Next , write one single sentence that best describes where you believe it’s possible to take your business within the next six months. Follow that sentence with one that best describes where you believe it’s possible to take your self (physically, mentally, emotionally) within the next six months.

  • Spend the next hour studying these four sentences and diagramming how you think you can get from one to the other, and how you see them coming together or depending on one another. Then write down the three action steps you’re willing to take right now to get started moving from where you are to where you’re headed. Prioritize them.

_________________________        

Two hours out of your life that will positively improve your life (and your business) and you just saved all that business consultant and psychotherapy money.

You can be your own best shrink!

(Unless you choose to put off having a “HOW GOES IT” session with yourself —  in which case, the couple a hundred bucks an hour fees will probably be a worthy investment.)

_________________________ 

P.S. When you get good at this process, start introducing it in your “big picture” work with employees and key customers. Everybody loves having the opportunity to participate in doing positive attitude-focused diagnostic workups and developing treatment plans aimed at improving work options and customer service performance.  

                                                         

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           302.933.0116   Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Make today a GREAT day for someone!

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Apr 12 2011

UNDERMINING YOURSELF

STOP BEING

                         

A FIREFIGHTER!

                               

When you undermine those

                                    

who work with you, YOU

                            

become less effective. 

 

 

Entrepreneurs, small business and professional practice owners and managers are notorious for undermining the people they work with. They’ll ask a partner, associate or employee to handle a certain task or make contact with someone in their absence, then –an hour or two, or day or two later– will turn around and do it themselves.

                                                                      

Sound familiar?

______________________

I’m reminded of one of those yea/boo stories [I need a bucket to bail out the boat (boo!); ah, here’s a bucket I can use (yea!); oops, my bucket has a hole in it (boo!); the hole is in the top (yea!) . . .].

____________________

When you ask someone to do something and then whisk the job away because it wasn’t done the way you would do it or because it wasn’t done as quickly as you wanted — or worse, maybe it was already done, but instead of checking to find out, an assumption is made that it wasn’t, and the task ends up being needlessly duplicated. 

Besides that such actions are looked upon unfavorably by both internal customers (employees, investors, referrers, suppliers, lenders, advisors) and external customers (purchasers and consumers) and are considered highly unprofessional in business circles . . . the behaviors persist.

By pulling the rug out from under someone you’ve charged with a responsibility, the likelihood is great that you will also have managed to ignite fuses of discontent, frustration and neurosis.

Not to mention the not-worth-it losses you’ll suffer in credibility, respect, and reputation. 

                                                                        

I know personally of two employee shooting rampages attributed to having “assigned responsibilities” prematurely withdrawn, or arbitrarily reassigned. 

When you as a leader empower someone (or set someone up to become empowered), be extremely clear what needs to be done, and how (assuming there’s no room for interpretation or alternate approaches), and by when. Then go away. Don’t disenfranchise an individual that you’ve just enfranchised.

“Well,” you say, “this sounds good, but nobody else does stuff as effectively as me. If I don’t ‘ride herd’ on those I give assignments to, they’ll never get done.”

Are you really saying that you don’t trust those you’ve partnered with or hired? Is what you mean that you think you’re better than anybody else? Is what you mean that you like running around like a maniac, putting out fires?

Are you really saying that under all these pretenses, you simply don’t trust your SELF or your own judgment?

This may sound embarrassingly obvious,

 but worth the risk of mentioning anyway:

When the kinds of carelessness

that start fires to begin with,

are eliminated to start with,

you won’t need to start with

being a firefighter. 

                                                                                     

Maybe it’s time to consider corporate life, or a job with the Post Office? Most towns have openings for roadway cone placement. Nothing to undermine. Think of all the stress you’ll spare yourself.

Entrepreneurial leadership means–among other things– that you need to trust those you’ve trusted to work with, to get the jobs done that you ask them to do, and go about your business of growing your business instead of wasting your time and energy, and everyone else’s. 

Think twice before you delegate. Make sure you are delegating to the best person to get the job done under the circumstances. Make sure you explain carefully what’s needed, and by when, and how much room there is to determine methods and techniques for getting the job done. Set “How Goes It?” follow-up plans. Trust. Walk away.

When you undermine others,

                                                you’re really undermining yourself.

# # #

  931.854.0474   Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Make today a GREAT day for someone!

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Apr 10 2011

EXPERIENCE TRUMPS EXPERTISE

If you don’t know how to 

                                      

apply what you know,

                                 

you know nothing!

                                                                                 

 

I saw some guest blog post somewhere today that made me laugh out loud because it naively proclaims that “expertise trumps experience” and then proceeds to flex 20-something-years-old muscle with empty rants and raves about Internet skills, from blogging to SEO and beyond.

Not being one to let sleeping dogs lie, I submit the following for your consideration:

  • Younger generations have quite literally constellations worth of knowledge to offer to any given situation.

  • They are born of Google and Microsoft and American Idol and Harry Potter. They are filled with energy drinks that make a cup of coffee seem like Darvon.

  • We rickity old antique types watch high performance skateboarders, or teenage text message thumbs at work in astonishment — young people ooze skills that older people could never even have dreamed of possessing.

  • And I do once remember hearing, at age 32, that I was “older than dirt” from a 21-year-old who was quite serious at the time. 

Yet something tugs at my sleeve. Is it per chance that discarded old notion of respect for experience?

Perhaps the tugging is because experience is almost necessarily a product of quiet reflection while “expertise” practically requires a shout from the rooftops to get the attention of others. 

                                                             

Maybe I live in fantasyland, but it seems to me that –other than some phenom celebrity types: Justin and Hanna? Or the dudes who invented Twitter and Facebook– there’s really no one on that horizon of greatness that once ushered in Bill Gates and Steven Jobs.

Ah, but then this isn’t about comparing generations.

It’s about the fact that expertise means absolutely nothing if you don’t have the experience base to know how to use it productively.

                                                                 

No need to look much beyond the world of professional sports for a few hundred perfect examples.

The Internet? Well, aside from Al Gore’s claims to have once invented it, I believe that the expertise” involved is in fact not with any single age or experience group, and research –even that which is distorted by Internet industry research leaders– is aptly underpinned with total age diversity in the expertise of blogging to SEO and beyond.

Ah, but then this isn’t about the Internet either, really. It’s all about the fact that regardless of all the wonderful online skills in one’s possession, not having a way to get paid for exercising them –because of lack of experience– also means absolutely nothing.

And there’s no need to look much beyond the artificial unemployment figures being cast about by self-serving politicians, who trickle on down from the White House, to clearly see a few million examples.

_____________________

THE BOTTOM LINE:

Expertise (whatever that means, and from whatever sources declare themselves to possess it) is simply a specialized knowledge base of how things happen or function.

Experience is knowing how to put that knowledge base to work to get results.

It’s pretty silly to be trying to make a case for one at the expense of the other. 

                                                                           

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 302.933.0116      Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Make today a GREAT day for someone!

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Apr 09 2011

MEETINGS WASTE TIME!

It may be time to re-visit MBWA

(Management By Walking Around)

                                                       

 Why? Because most 

                                      

business meetings are 

                                      

like playing SCRABBLE 

                     

under water!

                                                                                                  

Underwater SCRABBLE? A lot of slow-motion time is wasted trying to earn points for drumming up obscure words that play off of what others have or have not produced. And–in the end–someone wins backpats; the word connection hodgepodge that surfaces has no meaning; and the board is dismantled until the next session when it starts all over again!

                                                                                         

If you absolutely positively definitely have to have a meeting, do yourself a favor and work the following items into your meeting prep checklist:

  • Plan your meetin’ eatin’s!

If you are planning a major session and are looking for those in attendance to contribute mush — jelly, be sure to put out a plateful of jelly donuts. That will almost guarantee you the results you seek.

If, on the other hand, you are hopeful of some meaningful input from those you invite, put out some meaningful snacks. It doesn’t take any more time (and only marginally more money, maybe) to serve fresh fruit and raw veggies with a dip, and perhaps some cheese and crackers.

  • Take time with your invite list!

There’s nothing worse than having people dragged into a meeting who have no real purpose in being there and nothing of value to contribute. Think hard about who needs to be part of your dog and pony show and stop asking those to attend who you simply want to impress, or test. Do those things in other ways.

Their time is your money!

  • Share your agenda!

This is the world’s biggest stumbling block for meetings. Keep your agenda clear, simple, unencumbered, and targeted to those you invite. Circulate the agenda two business days ahead of time and ask for input that you may want to consider in the way of additions and deletions.

Have the finalized agenda printed in clear large block letters on a piece of cardboard or a whiteboard displayed for everyone tom see and stay tuned into. 

When you run the meeting, STICK TO THE AGENDA. When someone brings up something that’s not itemized, let that person know your level of interest in the subject, ask to table it for another time (next meeting, two minutes after this meeting, 37 years from now, whatever), and explain that this meeting is for this agenda, and thank her/him. 

  • Watch the clock!

This is not something you normally want to do or have others do, but it is CRITICALLY IMPORTANT that you start the meeting at exactly the time it is scheduled to start, regardless of who’s present or absent, and that you end it exactly when it is scheduled to end, regardless of what’s been covered or not.

Use follow-up sessions for issues not addressed.

  • Consider a room with no chairs!

If the subject matter needs to be dealt with quickly and there’s simply no time for side-trip excursions, and you want to minimize chatter and delays, use a room with no chairs. You’ll be amazed at how rapid and productive the meeting becomes.

Some meetings of course are necessary, but most are not. When it’s really necessary, make the most of it by focusing on the small things. Attention to planning details makes implementation productive.

                                                                                                            

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    302.933.0116   Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Make today a GREAT day for someone!

One response so far

Apr 06 2011

PROMISES TO KEEP

Ah, yes, and yet another great 

                                                     

business lesson from

                                           

Mr. Obama

                                                                                                            

 

Just imagine where your business would be if you kept only 24% of the promises you make. Now that may be some heavy-duty food for thought, but it shouldn’t be hard to answer the question. How about: “belly-up!”? That would probably be a realistic answer. 

The sad truth is that this 24% wasn’t plucked out of the air.

 It’s what was reported in today’s satellite radio world news as the percentage of promises that Mr. Obama made during his 2008 campaign that he has actually fulfilled.

I guess, for a politician, that’s staggeringly great, but –for you or me– we’d be out of business!

                                                                                                                             

Just another reason we need to believe in (and fend for) ourselves and other small business owners. Just another reason to not trust politicians. I mean, the man was apparently counted at having made 550 some odd promises and –in the face of the good old political standby motto: “Under-Promise and Over-Deliver”– proceeded to do exactly the opposite!

Gee, great example, huh? Y’think our kids and grandkids should be taking lessons in good conduct and leadership from the man who pretends to exercise both? It’s not just a sad commentary on the times, it’s a disillusioning, amoral, disgraceful behavior pattern that surely we do not want to instill or nurture in our young people.

And, unquestionably, we cannot afford for our businesses to practice this “Promise ’em anything, but deliver less than a quarter of it” attitude. There’s just so long it can be masked with fake smiles and polished oratory. Customers will not keep lining up to buy anything. It is just not the way that honorable and smart businesspeople behave.

Even though voters have proven themselves utterly stupid time and time again, customers aren’t stupid.

Money straight from the pocket (even if it’s just a bunch of nickles) is more carefully analyzed and evaluated than the trillions none of us can relate to that slowly drain our assets and resources over decades.

                                                                                                           

So what’s a small business owner to do? Keep exercising caution as you spend, but –more importantly– exercise integrity. Be honest in your dealings with others. Win a reputation for it. Keep your promises. At all costs, even when you end up dented, honor your commitments. Deliver what you say you’re going to deliver.

And stand up for yourself, and for the authenticity you use to conduct your business, by taking a leadership role in representing to your elected officials –from your town hall to the White House– that you will no longer stand for deception and manipulation and outright lying about what will be delivered. Intentions alone don’t win OR work! 

Nip corruption and empty promises in the bud! Make more of an effort every day to serve as an example to others of what you believe is possible for your business and your industry or profession . . . and your government. When enough of us do it, enough others will sit up and pay attention.

There are 30 million small business owners in America. Surely we can make a difference. It starts with you, today and tomorrow morning. 

 

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www.TheWriterWorks.com or 302.933.0116 or Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Make today a GREAT day for someone!

One response so far

Apr 05 2011

Dealing With Psychos

Mixed in with your Employees,

                                                     

Customers, Vend0rs, SalesReps,

                                             

Investors: is a “Psycho” or two!

                                                                                                                                                               

                                                                                             

Channel-surfing the other night, a woman addicted for over twenty years to daily feasting on toilet paper! I was promptly reminded that there are weirdos everywhere, and the business world is no exception. Thankfully, I never had to work with the likes of a TP-eating sicko, but I have had to deal with some genuine head cases, and guess what?

The task is not as impossible as it may seem at first. The key is to separate yourself emotionally from the smoking volcano. Rise above it and give it as much space and patience as possible.

You don’t want to be a shrink?

Sometimes in life, when you’ve directly or indirectly chosen to box yourself into an undesirable situation, there’s no choice.

                                                                                      

On those occasions (which hopefully are rare), turn on your alert system without setting off any alarms. Tune in to what’s in front of you. Take some deep breaths to help yourself get focused. Contact your inner “adult” — the part of you that’s calm and caring and empathetic but that’s –as Thoreau once urged us to be– forever on the alert.

Recognize that your self-identity (how you see yourself) needs to step back and your personality (how others see you) needs to step up. People who are in difficult emotional or mental states (or physically ill or injured) will rarely have any interest in what you think of yourself. It’s difficult for them to think much beyond their own skin.

If you’ve ever had any practice with a cranky baby or temper tantrum toddler, you’re way ahead of the game.

                                                                         

Instead of trying to override or overpower a troubled individual, try to “buy into” a compatible level of relating and then exercise a gently persistent adult-like tone. Without being bossy or pushy or demanding, simply be rational and understanding. Be persuasive by not allowing yourself to get drawn into the other person’s dilemma or issues.

Does all this take time and effort? Is it hard work?

Hey, do shrinks get burned out?

                                                                         

It’s definitely not a frame of mind you want to be in for any lengthy period of time, but it’s also one that –if you make up your mind to commit your energy to assisting someone else instead of thinking about yourself– gives you an opportunity to help an unbalanced someone to gain enough stability to function without the presence of threat.

If your own personality tends to be explosive, you may want to stay in your rubber room and not deal with others at all, but then, you wouldn’t be much of a leader, would you? Business success requires leadership at every level, not just sales or just innovative thinking or just financial management. People are your most important asset!

                                                                                                        

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www.TheWriterWorks.com or 302.933.0116 or Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

“The price of freedom is eternal vigilance!” [Thomas Jefferson]

Make today a GREAT day for someone!

No responses yet

Apr 04 2011

Budget woes? Slash a trillion!

C’mon . . .When was the last

                                         

time you ever remember 

                                   

in your whole entire life

                                    

having a “trillion”

                             

of ANYthing????  

                                   

                          

Have you been listening to all the politicians talk about budget-slashing? They must be kidding!

Hey, it’s definitely no joke the economic mess we’re in. And TRUTH? Truth is -no matter who says what– truth is that we’ve got to live with it all for at least another three years. It’ll take a year and a half or more just for the new White House to undo the reckless spending tangle that the great “Hope and Change” hero created.

Business Owners Beware!

                                                                                   

If you own a business and you’re not already working at unseating the socialism plague that’s practically brought you to your knees, you must be part of that crowd that thinks it understands “trillions.” I just read somewhere that a million dollars a day every day since Jesus died wouldn’t even add up to close to a trillion dollars.

The deal is that you must protect your budget without tearing it out by the roots. Oh wait, that’s your hair. Well, the thing is that if your business budget isn’t bare bones yet, you may already be out of hair and roots!

Here’s an example of spending priorities

that smart business owners must consider:

                                                                            
  • MARKETING — You should be spending money for a professional marketing or branding writer to create your sales messages, but you should NOT be spending money needlessly to get your messages out.

Maybe that sounds like a “Catch 22”? It’s not. There are plenty of ways to reach your target market effectively for free, but you’d better be saying something worthy of capturing attention, creating interest, stimulating desire, and bringing about action and satisfaction, or get back to your budget board and start all over!

  • OVERHEAD — Of course you have to pay the mortgage or the rent, but can you sublet part or all the space to a business that operates when yours doesn’t? Many instructional program businesses operate in evening or weekend hours. Do you have extra space you don’t need that you can separate from your workspace?

A lumberyard office building barters one small corner of space to a moonlighting graphic designer who provides the lumber company with free brochure and flyer designs in exchange for the space, electricity, and computer hookup.

  • PAYROLL —Maybe space-sharing’s not practical, but what about sharing people? A centralized reception area and receptionist can save two or three or four businesses money and afford to hire a hard-working quality employee.

There’s much to be said for the old entrepreneurial “incubator” days, where all kinds of services and workspaces were shared. These included common area receptionists, centralized booked-time conference rooms, cleaning supplies and maintenance services, delivery and fuel costs, security systems, office supplies. If you can think it, try it!

  • PROFESSIONAL SERVICES — When did you ever meet an accountant or lawyer or consultant or creative service person who wouldn’t be please to offer a discount for two, two, two clients in one? (Oh, that was “mints”? Sorry.)  

This kind of arrangement is especially win-win when common elements or interests prevail. Adjoining physical therapy and occupational therapy offices that both require similar electronic medical forms maintenance for insurance coverage reimbursements. A publisher and designer who both need a copyright lawyer.

Dig out your imagination here. Do the railroad track warning thing: STOP, LOOK AND LISTEN. Look around at what you’re doing from the standpoint of sharing, bartering, co-sponsoring . . . and maybe you too can “slash a trillion” or so!

 

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“The price of freedom is eternal vigilance!” [Thomas Jefferson]

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