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Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Extensive Research On How To Build Wealth From The Comfort Of Your Own Home.
Jan 13th
A plan is a decision about what you’re going to do. It can be as detailed as you choose and potentially complicated. Or it can be core and more simple. I’ve noticed that when you’re running a one man, one woman show or any type of small team, it’s easy to get lost in the details. So make the details second to the beautiful parts of the vision.

For example, it’s the new year and we have fitness resolutions dancing in our heads. But instead of thinking of the 4 or 5 workouts a week and the diet changes, you could choose to focus on a flat tummy in your favorite shirt, a shopping spree at the 20 pound mark, how fun Zumba classes are on Monday nights and the new tasty gourmet meals that you’ll discover, etc.
You still get the same results, but you have a lot more fun along the way.
I have found that adding the pleasure to your business plans makes it easier to do the grunt work as well. For me, it’s not about the workout. It’s about the 20 minutes in the steam room afterwards. It’s not about the hours at the desk, it’s about a solution for the small business owners that I know and love. Now, I’ll show up for that.
Here are four different types of business plans to consider for this year.
In “What Matters Most: Business (Part II),” John Mariotti tells a simple (true) story that makes it easier for you to understand the power of tenacity and relationships in pursuing new clients. His tale highlights the never-give-up, never-back-down, but service-driven-attitude that it takes to attract new clientele. And it reminds you to keep showing up. Because one day your prospects will have an emergency, a problem that you can solve. You just need to be ready and available.
Every business or program has to have successors but it’s common for small business owners to operate like superman doesn’t have a weakness. Well he does and it’s time to plan for it. It’s time to identify and train a team that is ready to lead when the time comes.
But first you have to:
When training your team, get focused on the position you are preparing them for and realistic about how long it will take to get them ready. There is a serious difference between being the right hand man and the front runner. Your team players need a chance to feel that difference and learn to manage it. And real world practice makes it better.
In “The Key to Succession Planning Is Having A Strong Bench,” John gives additional advice to help you plan for the long term future of your business.
Ivana Taylor says:
“The reason most of our business plans fail is because we leave them on the paper or we suck the life out of them by giving them uninspiring names.”
I agree and to combat that you can do what I did:
There will be many details in order to complete your plan, but the core or your desire (with a cool name) will be in your face daily.
For Ivana’s no BS plan check out “A New And Improved Goal Setting Process For Your Business (And Life).” She encourages us to know what our real commitments are, to plan with those in mind, to get them down on paper as soon as possible and then off the page and into real life.
And if you are really overwhelmed, just start with the The Overwhelmed Small Business Owner’s Guide to Simplicity. You have to be in motion to be in the game. So even if you take baby steps, as long as you keep moving in the right direction, you will eventually arrive at your destination.
But if you stand in the same place, you’ll be left behind. So, just get started.
Plan Photo via Shutterstock
Simple “Who’s Next” Relationship Plan: What Experts Say
View full post on Small Business News, Tips, Advice – Small Business Trends
Jan 12th
Want to make your business more financially successful? A more diverse work force could be the key. So reports a study led by Ryerson University professor, Kristyn Scott, which found that diversity in the workplace leads to happier workers, which leads, in turn, to greater loyalty and productivity, ultimately enhancing a company’s bottom line. Scott and the study’s coauthors, Professor Joanna Heathcote of the University of Toronto at Scarborough, and Professor Jamie Gruman at the University of Guelph, reviewed about 100 studies conducted between 1991 and 2009.

The professors evaluated the studies based on six key areas where diversity gives a business an edge:
Defining “diversity” to include:
The study found that overall, the more organizations embraced diversity in their culture, the more successful they became.
But in order for diversity to bring these benefits, it has to be more than superficial, the researchers caution. Scott says:
“[Some] organizations …. [show] pictures of diverse workers on their website[s] and say they have a commitment to diversity, but they’re not really going beyond what people may see as simply window dressing. Talk the diversity talk, but walk the talk.”
Small businesses have some natural disadvantages as well as advantages when it comes to diversity. The disadvantages: As a small company, your business may have a tendency to be somewhat homogenous. After all, small business owners often hire people they know or learn about through their connections, which can lead to hiring lots of clones of yourself. Second, as a small company, simply by your size your business is limited in how diverse it can be. If you only have 10 employees, you don’t have as many options to fill in the positions with diverse workers as a huge multinational corporation.
But small businesses have some important advantages, too. For one, as Scott points out, diversity needs to be authentic in order to bring business benefits. And small companies, due to their size, are more likely to be authentic in their behaviors. While big conglomerates can pay lip service to diversity while embracing a very different reality, at a small company, it’s much harder to “fake it.” In addition, the small size of your business means your team naturally interacts more closely, sharing opinions and ideas freely.
Is your business as diverse as it could be?
Diversity isn’t just about the outside – it’s about the inside as well. Even if your business is racially, culturally or gender diverse, are you creating a workplace where employees feel free to express different opinions? The more varied the experiences and outlooks your employees bring to the job, the more creative your workplace is going to be – and that can only benefit your business, financially and otherwise.
Business Diversity Photo via Shutterstock
One Simple Secret to a More Successful Business
View full post on Small Business News, Tips, Advice – Small Business Trends
Jan 8th
Copyright is not an absolute. Potato chips are absolute.
If this is my potato chip, then it’s not yours. You can’t touch it, eat it or use it for any reason whatsoever, not without asking first. Copyright doesn’t work that way.
There is a ying to the yang of copyright protection, and it’s called Fair Use. Fair use permits scholars to do their thing, permits those that would do parody or commentary or comparison to be heard. I’m not talking about taking someone’s work to make it into a poster or some sort of endorsement–I’m talking about the need for us to be able to comment on each other’s work.
Without fair use, it would be impossible to write a negative book review, or compare Shakespeare to the Simpsons. Without fair use, it becomes just about impossible to have a thoughtful discussion about anything that’s been published since you were born.
Most web users should know a few simple guidelines, principles so simple that you can generally assume them to be rules. (Worth noting that whether you are in the right or not, a lawyer on retainer can still hassle you–not fair but true):
There’s a difference between being polite and observing the law. If you quote something (an idea, a notion, a recipe), the right thing to do is give credit.
Photos are a real issue, unless you are clearly commenting on the photo (as opposed to using the photo to make a point that a different photo could make as easily). When in doubt, be the person who took the picture. (Aside: Compfight has an easy to use setting–do a search and hit “commercial” in the left hand column and voila–CC licensed photos, ready to go.)
PS as soon as you make something and fix it in a tangible form, you own the copyright in it. No requirement that you register it with anyone. Putting a © notice is certainly a helpful way to let people know you consider it yours, but the law makes it clear that merely writing your creation down confers copyright to you. And… “all rights reserved” doesn’t mean anything any more, just fyi.
View full post on Seth’s Blog
Dec 27th
Proven Step-by-step Strategy For Profiting In The Stock Market. Still Converts Today As High As It Did When It Was First Released.
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Dec 18th
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Dec 17th
Not a secret, often overlooked:
“Keep your promises.”
If you say you’ll show up every day at 8 am, do so. Every day.
If you say your service is excellent, make it so.
If circumstances or priorities change, well then, invest to change them back. Or tell the truth, and mean it.
If traffic might be bad, plan for it.
Is there actually unusually heavy call volume? Really?
Want a bigger brand? Make bigger promises. And keep them.
View full post on Seth’s Blog
Dec 15th
It’s a generally accepted fact that the two places in the universe where the most time gets sucked into a netherworld of oblivion are the event horizon surrounding supermassive black holes, and the offices of a small business. But it doesn’t have to be that way. A few small steps away from the event horizon is all it really takes to give the average business significantly more time to focus on real work, and prevent themselves from being crushed to a non-dimensional point of nothingness by the competition. Here are 10 efficiency hacks to give small businesses a big boost in productivity.
Your company doesn’t need to be filled with super nerds in order to run smoothly; odds are, your business has little or nothing to do with computers and they’re simply a means to an end. That said, they’re the most pervasive and useful means in the world today. So as much as you or your employees might view them as glitchy machines, learning enough to avoid expensive mistakes can save a lot of time. A few examples of these might be:
- Save your work all the time. You can even save it to servers that are not on your computer for added security.
- Look, Dave, deleting the short cut doesn’t delete the program. You have to uninstall it. No I’m not going to show you how to do that.
- As far as you are concerned, there are two types of files: “.exe” and everything else. Do not allow .exe files anywhere near your computer, let IT handle that.
- If an e-mail promises something good but vague, it is a scam. If it promises something bad unless you do something like “simply clicking on this link here”, it is a scam. If you have to give your name and password, it is a scam. If you have to ask yourself if it might be a scam, it is a scam.
Better yet, explaining the basic inner workings of computers during a short seminar to the less-than-savvy in a firm can free up resources to deal with real problems, instead of showing Dave how to log in for the third time today.
Every office has that document they have to send out 3-4 times a week, if not 3-4 times a day. The contract to a vendor, the contract to a client, the legal filings with the state, county, city and Federal Governments. There is no reason this document should be re-written each time unless you hate money and happy employees. If you find yourself typing up a document partially or wholly from scratch more than three times, take the time to make a template that will speed up the process in the future.
While this sounds like a no-brainer, it’s still a wonder how rare a well-organized, shared folder of templates is in many offices. Another area that often needs templates that frequently gets overlooked is e-mails. Now, obviously, important emails to clients or those that need a personal touch and finesse shouldn’t be replaced. What we’re talking about here is documents such as meeting schedules, agendas, work priority, etc… In other words, those emails you send multiple times each week that all have the same basic form, should be sitting as a permanent draft on your email client.
The important thing to remember here is re-read the template from top-to-bottom before sending. Otherwise embarrassing details such as a date from last year, or a reference to another company can make the end product look shoddy and unprofessional.
Let’s get the easy stuff out of the way first. There’s really no reason you should be taking time to physically mail your bills each month. Pretty much everything from your power to your phones can be paid online, or even better, set up for an automatic deduction each month. Aside from software such as Quickbooks which will keep track of most of this information, (you’re in trouble if you aren’t using at least some sort of simple accounting software), here’s a quick-and-dirty tutorial on how to set up an excel spreadsheet to automatically calculate just about anything else.
On top of this, a lot of small businesses have trouble backing up, protecting, and keeping track of their data. Thankfully there are cheap, easy solutions to that problem. A simple RAID set up will automatically back up your data to a separate hard drive, ensuring that no data will be lost short of the office burning down. Even better, there are several companies that offer cheap or free back up to the cloud — making your data essentially loss-proof as long as you remember sync. They can even give you added storage space and processing power that will save on the long term in hardware costs. These provide the added bonus of allowing employees to quickly access important files if their computer breaks or if they’re off-site.
While simple, it’s amazing how often some of these quick fixes slip through the cracks, especially in small businesses. A regular review of all processes to determine which can be automated may seem time consuming at the outset, but will more than yield returns over the long term. All of these require a certain amount of tech expertise to set up and configure, but once they’re online, you can rest easy and use the time you’ve saved to focus on more important things.
Almost everyone in a small business, or who deals with small businesses, is familiar with some version of a laborious process that goes like this:
Client: “I’m faxing over the document. Please sign it, fax it back over, and then we’ll countersign and fax you a copy for your records.”
You: “We don’t have a fax machine because it’s not 1997.”
Client: “So print it, sign it, scan it, email it, we’ll print it, scan it, and send it back to you.”
You: “I have just wasted my entire day getting a few drops of ink onto a piece of paper.”
This is one of those things that you always thought there should be a solution to, and it turns out there has been one for some time. E-sign basically allows you to send a document through a third-party provider to everyone who needs to sign off on it. Simply by clicking a button, everyone digitally “signs” the document, and everyone is sent a final, signed copy.
While this may not seem like the most secure way to obtain signatures, keep in mind that a signature is little more than a few quick pen movements on a page. If there is an issue with the signature, there are few ways to question or verify it beyond bringing in a hand-writing specialist. An e-signature, on the other hand, will have a trail of who it was sent to, who viewed it and when, what computer, what account, and what password were used in signing off on it. And according to law, it is just as legally binding as a physical signature. A good client to use for this service is Adobe EchoSign, partly for their history as an established company, and partly because they are one of the few companies that offers a service like this that you can guarantee almost every partner, vendor and client will have heard of.
While email has become the beating heart of just about every company (who could live without Joyce’s adorable Friday Cat Pictures?), it is still lacking in speed. Sure, you can send a multiple-page complaint about someone drinking the last of the coffee and not making another pot (that cretin) and have it delivered in milliseconds. But there’s still the most error-prone part of the computer to deal with: that space between the screen and the user’s brain. There is no way to guarantee that someone will read your email, there is no way to get an immediate response unless you attach one of those annoying “confirm that you have read” tags. Most importantly, there is no way to guarantee the recipient has the time to respond in depth.
This creates to concurrent issues which, surprisingly, don’t seem to be generational. One group will send important time-sensitive emails and hope and pray that the other person happens to hit “refresh” in time. The other group will obsessively refresh their inboxes, waiting for the crisis of the day to appear (these groups are not necessarily mutually exclusive). There is also that third group of annoying management that is used to rapt, instant responses in ever other area of office life, and gets frustrated when employees don’t respond immediately.
Here’s a huge time saver to both ends: if it can wait a few hours, send an e-mail. This will allow the person on the other end to take note and properly prioritize their work flow. If it cannot wait, that thing on your desk is called a phone. Pick it up and have a conversation — you’d be amazed how many problems it can solve.
In a rough economy where an unemployed job search is only slightly preferable to being dragged over hot coals, everyone in the company is going to go out of their way to show how invaluable they are. It’s a natural response that can have some positive effects, such as employees working harder or seeking out extra training. Unfortunately, it doesn’t really lead to the best allocation of resources. That is to say, people will often take on tasks they are terrible at for the sake of seeming that much more valuable to a company.
While admirable, this is probably one of the biggest sources of lost time outside of meetings where a committee is tasked with designing something. The worst offenders here surprisingly aren’t lower-level employees. Many of them (to simplify vastly) are only performing the tasks given to them by their superiors. The real problem, and where one should look to improve efficiency, is tasks that managers are guarding when they can and should delegate.
A good employee hates an invasive boss because they get in the way of that employee’s frenzied-yet-focused efforts to finish a project on-time and under-budget. A bad employee hates an invasive boss because they get in the way of that employee’s frenzied-yet-focused efforts to play Farmville and write the next great American novel. Assuming an otherwise well-functioning company, a good manager is faced with a dilemma: interfere too much and you stifle creativity and slow the process. Interfere too little and a whole heck of a lot of time can be wasted on frivolous pursuits.
The maxim “measure twice, cut once” comes to mind here. A good manager should make sure a project has the proper resources and staffing to meet its goals on time, and should monitor them in the early stages to ensure everything is on track. Any well-laid plan will inevitably make fools of everyone involved, but a poor plan, or no plan at all will make unemployed fools out of an entire small company. This is all to say that a team should work collaboratively to lay an effective an realistic plan and stick to it (obviously allowing for change given shifting parameters, but this should be built into the original plan). This will require more time up-front, but it will save untold amounts of time over the duration of the project.
We’ve been conditioned to believe that if we are not actively working, we are losing valuable time and man-hours. While this is true, especially for sectors such as food service, today’s creative workforce is cutthroat. One good idea can mean the difference between lucrative success and unprofitable mediocrity. Studies show that workers often become tired, disinterested and distracted after 8-10 hours of work (hence the 40-hour work week).
While this is not an absolute rule, and is sometimes hilariously unrealistic given the short time frames many small companies face, it raises an important point. Namely, taking a short break, sleeping on it, or letting it simmer over the weekend might be better in the long-term for the time-savings of a company. Each individual manager would need to determine when the best time to let zombified workers sleep, but a holistic approach to an employee’s productivity can prevent costly and time-consuming mistakes, as well as encourage creative, energetic approaches that come from plenty of needed rest and time to ruminate.
Despite the fact that everyone “knows” that a project will always take much, much longer than you think it will, pressure from clients or managers can make it nearly impossible to ask for more than you think you will need. But time and time again, the rush to meet unrealistic deadlines with far too few resources ends up wasting more time and resources than a generous estimate would have come near to. Even worse, you might be laying the foundation for future time-consuming failures.
One of the best examples of this comes from software design. To illustrate, say a client demands a piece of custom software, in what you know is an unrealistic time frame. However, as a small business, you don’t have much room to negotiate terms or turn down clients. Even if you get the project done on time, the internal architecture of the software will likely be haphazard and slapped-together out of necessity. Any future business from that client will be built on this shaky foundation, just waiting for an expensive and time-consuming collapse. Would you have been better off demanding a more generous time frame or turning down the business altogether? That is a question each business has to look at its balance sheet and answer itself. But just as they should over-estimate the overall cost of a project, they should likewise over-estimate the downstream costs that will inevitably result.
“Multitask” is one of those buzz words that employers use to describe the employee they want and job-searchers plaster all over their resume. After all, why would you want someone who can do one thing, when you could have someone who can do three things? While it would be nice if we could all hire or be a group of super-talented multitaskers working three projects successfully at once, the hard truth is you cannot multitask. Not only that, but attempting to multitask is actually proven to reduce your net productivity.
This is unfortunate for the small business because, being a small business, everyone has to wear multiple hats. Your head accountant might also be your lead project manager, or your chief of engineering might also have to be your director of client services. The solution here is not to throw up your hands and resign yourself to a world of slightly-less productive employees since all these tasks are essential to business function. You should instead focus on ordering and prioritizing tasks such that you or your employees aren’t forced to juggle multiple balls at once. Properly managed, this can lead to a situation where the increased productivity that results from focusing on a single task is leveraged to ensure that everything gets done according to its order and priority. A failure to do this leads to more dropped balls than a 16-clown-pileup, but doing one thing at a time is conducive to clarity and efficiency.
View full post on Business Pundit
Dec 14th
Vision is the ability to plan for the future based on everything that you have learned so far. But if you don’t know what you want, then it’s hard to plan for it — regardless of intellect or ability.
What do you want? We’re facing the new year, again. And I can’t help but wonder – are you any closer to that dream?

Simple Questions
Vision is simpler than we think.
It’s seeing the future — based on what you saw yesterday, what you see today and what you imagine for tomorrow. And if you have the foresight to benefit from the team around you, then you are really on to something.
Planning doesn’t have to be complicated, but it has to take place — consistently. And you don’t have to wait to the new year to do it, but you do have to do it — religiously, because “shooting from the hip” may get you started, but it can’t sustain a business beyond your lifetime.
What do you see, do and expect?
Vision is not only the ability to see, it’s also our strategy for doing something about what we see, and our right to expect a new future because of those actions.
Take the time to jot down your three biggest lessons from this year. Be aware of how you learned those lessons. What price did you pay to know what you know?
For some, these lessons will be top of mind.
For others, you’ll have to dig a little. To help you unearth your hidden lessons, record your three biggest successes and failures of the year. You can learn from everything, so write them down, because even the mistakes carry insights if we pay attention.
Beside the failures, write down what you learned and three things you can do to keep them from happening again.
Beside the successes, write down
This exercise is a jumping-off point.
If you discover the lessons, you can build something stronger in the new year — one day, one deliberate action at a time.
Vision Photo via Shutterstock
A Simple Vision: Planning for the New Year
View full post on Small Business News, Tips, Advice – Small Business Trends
Dec 5th
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