Month: September 2019

Motivation Tips For Entrepreneurs

Delegation is the Key

Often entrepreneurs get bogged down with work. They get so busy in the routine activities that they find no time for review, develop and grow the business. The key to give your business the time it needs and this can be easily accomplished by delegating the routine tasks. You certainly don’t need high budget for that. You can easily hire freelancers to help you with the task at affordable prices.

Review, Remind and Meet the deadlines

Review and remind yourself about the short terms goals you’ve specified. Set achievable deadlines and ensure that the deadlines are met. You may also automate some of the tasks using apps, programs etc. Google it and you’ll see loads of apps available which you can use in your business.

Celebrate the Success

Pat yourself when the targets are met. Give yourself a reward when your goals are achieved, no matter how small. After all, every positive step takes you closer to your bigger goals.

Socialize with likeminded people

Often motivation and inspiration is derived through peer pressure. So, keep yourself in good company of budding entrepreneurs and people with positive bent of mind. You can discuss the challenges, seek their guidance or even share goals. Several apps such as KlashApp, ChallengedApp, MakeMe can make this a fun thing for you and your friends.

The Power of Positive Thinking

There’s immense power in positive thinking. It can keep you push forward even in times of difficulties. Make it your life mantra and you’ll reap the fruits of success.

Get Inspired

Watch inspirational videos or movies to motivate yourself. This will help you a long way to get going.

Quality Time

Spend some quality time with yourself. Take time to listen to music or engage in sport activity of your choice. This will help to de-stress and help in clear thinking.


Start a Business With $1000

Buy a Computer and Internet Modem

Look for a cheap HP Desktop computer for around $150 and Internet high-speed modem with excellent service at $60 to get started. However, the amount you pay to the internet service provider depends on the provider you select, the speed of the service as well as whether you bundle the service with your cell phone, landline phone, and cable Television. It is the ISP that offers you access to the internet to carry on with your business.

Get Licensing

Starting a business whether internet business or offline business requires registration and licensing with the federal or state government. Therefore, you are required to obtain licensing for about $100 for launching your website for the blog posting.

Register a Domain Name for Your Business and Host it

Your domain is the URL or the uniform resource of your blog and you can compare it to the street address that people can use to locate you. There are no two URLs that have the same domain name, just as there are no two houses with a similar address. Hence, there is the need for you to register and host the domain name. You can get hosting for between $10 and $20 per annum and the hosting service from about $5 per month, depending on your package, size, and traffic of the blog. It is imperative to host your site in order for the blog to be visible on the internet. Opt for the service with blog software in the control panel.

Choose a Designer Graphic Package

Graphics function to make your blog more memorable and attractive to your visitors. For this reason, opt for a designer package for $100. This graphics so selected should appear professional and fit with the theme of your blog. You will require footer, header, a buy button and report cover and a few others like vertical and horizontal lines as well as checkmarks.

Hire a Technical Officer

Hire a Technical Officer for $60 for the customization of your blog, tweaking the theme of the blog as well as uploading the graphics if you don’t have a very good knowledge of the computer. Do not forget to change your password as soon as the work is finished.

Hire freelance article writers

Employ the services of freelance article writers to write articles about your blog. Offer the employed writers 20 blog posts and a total number of 20 500-words for $460. The articles are on the keywords of your blog. The amount is high so that you will get the job done by a competent English Native speaker. If you choose the cheaper option, you risk getting poorly written articles that will amount to waste of time and resources.

Sign up for an Auto Responder

In order to offer the articles on your blog as a freebie in exchange for the names and e-mail addresses of the visitors, you need to sign up for an auto responder for $20. Ensure that you include a clause that says; you will be sending them emails in the offer. The auto responder service lets you send out additional emails as you desire and saves information.

Use Article Distribution Service to Post the Articles

There is the necessity to post some of the written articles to article directories and posting one after the other could look cumbersome. Hence, use articles distribution service at $30 per month to distribute these articles to the major ezine directories in order to create backlinks and eventually drive traffic to your blog.


Insolvency And Bankruptcy

Plan Diligently

Insolvency often interchangeably referred to as bankruptcy indicates a scenario where the businesses are unable to cover up the debts and the overdrafts from the market exceed the sales. The outcome – the firms are forced to either file bankruptcy or are forced by creditors to dilute and cover the outstanding.

Then the issue that has gained much more speculation in this sphere is the difficulty faced by younger firms, typically in their growing stages. Well this can be attributed to the fact that newer firms typically demand higher cash out flow and promise minimal returns (at least in the initial time frame). The investments far surpass the promised revenue. What is than important is the careful planning before getting oneself into such troublesome environment. Even small mismanagement or lack of strategic planning at the initial stages can certainly lead to the undesirable situation name insolvency or bankruptcy.

Another observation closely related to this scenario is lack of apt supervision and planning. Various powers tend to over rely on their managerial group and thereby end up in situations where the most important decisions are not tendered to as carefully as they deserved.

The observation: “look closely”.

Bankruptcy / Insolvency

Bankruptcy applies to individuals while the latter refers to companies. Sole traders and individuals who have given their personal guarantees also fall within the bankruptcy net. Various countries have different rules in both scenarios. The charges are less stringent in case it can be proved that the owner is not responsible for the failure in their personal capacity. In such cases, the owner can be discharged in less than 12 months.

The key implications in such eventualities include lack of control over assets, impact on the overall credit that can be obtained from market, and other few legal restrictions like getting elected as a member of parliament.


Industry Domination

  1. Prioritize: Prioritize the list of all critical systems* in your business. You will start with the most important ones first.
  2. Research: Research and benchmark the current level of effectiveness of the target system.
  3. Imagine: Imagine new ways you can innovate the current system. See my example below for clarification. (I intentionally use the word imagine because you must not only “step outside the box” of conventional thinking, you must often smash that old box to pieces!)
  4. Make your move! Take action on the 20% that will give you 80% of the needed results.
  5. Observe and optimize: Observe your changes, measure and record your results, and change your approach as necessary until you get the results you want.

Recently, Greg Wittstock of Aquascapes Designs was featured on the cover of Inc. Magazine proving the value of these principles. As the article highlights, he innovates so quickly that his competitors are simply unable to keep up. It’s what has allowed him to go from $800,000 in sales in 1995, to a projected $44 million this year.

If you want to accelerate your success and innovate at a pace that you don’t even need to think about what your competitors are doing, you’ll need to rotate different areas of your company in order to polish and perfect.

I coach entrepreneurs on an effective techniques for getting the most out your PRIMO Sessions. Here’s some short-hand of how you can begin to apply the PRIMO Process on your own each month.

  • Set aside at least two hours once per month to sit down with your team and proactively practice the PRIMO Process on one area that’s critical to your business growth. (For larger companies with 25-plus people, have one meeting per department.)
  • During the month following that first meeting, observe, measure and document the level of improvement generated by the new system.
  • At the start of the following month’s meeting, begin with a brief status report on your target system, and discuss further optimization. Then use the remainder of your meeting to address the next system in order of priority.

You won’t be able to achieve a leadership position in your industry without innovation, and you definitely won’t maintain that position unless you have systems in place. These two key components of growth can sometimes work against each other and it requires a fine balance between the two. The PRIMO Process is the key to keeping this delicate balance in your company.


Make Sure Your Goals Are High Impact

Goal setting can fall flat when they fail to meet valuable criteria that guide you to implementation success.

That’s why I created a tool called IMPACTOR Goals. So you can make every minute spent goal setting count, and to pave the way for achieving them.

IMPACTOR is an acronym that points out the key steps in setting goals that matter, so your business can have impact.

IMPACTOR goals begin with impact, which I define as where your unique business meets the world and makes it a better place for all of us. Your impact intention needs to be clear before you begin. What difference do you want to make?

Make sure your goals are measurable. It’s tempting to be vague. Don’t give into that. What you measure is more likely to happen.

Goals should be specific, particular. Rather than saying, I want more customers, make your goal 10 more customers. Or two joint venture partners, rather than just ‘more’.

When you get in the planning fever, lofty goals can take a bigger place than is healthy. Goals should be challenging, yes, but make them achievable as well, so you don’t freak yourself into paralysis.

Can you describe your goal to your team members, those who will be implementing it? Be clear about what your goal is, so you can articulate it.

Be time-specific. Give each goal a timeline. You may miss it slightly, and that’s OK. Be willing to adjust, but not so much that the timeline has no teeth.

Now that you’re aware of these criteria, we’re going to do a little alchemy here. At this stage in the IMPACTOR model, goals become objectives. That means they’ve been vetted against the IMPACT criteria and found worthy.

Finally, create your Get-To-Do list. Attach a few key results to each objective, to clarify how you’ll achieve the objective. Your business is a gift to yourself and to others. You get-to-do these things!

Make your goal setting a high ROI activity by using the IMPACTOR Goals model. They’ll ensure that your goals will get you where you want to go, with high impact.


Magic of Business Referrals

One of the big things in internet marketing has been affiliate programs. Affiliate programs are kind of like the old multi-level marketing systems where other people get paid to sell your products or services. Or they get paid to send visitors to your site. Usually the higher selling affiliates get extra rewards (if they don’t they should )

So why am I talking about affiliates here? Because affiliates refer. And that’s what I want you to do. Find people to refer clients to you.

You can ask past clients, friends, business acquaintances, friends. Ask anyone you can think of. Ask them by letter or in person. Doesn’t matter how. Just do it.

Because here is the magic of referral systems. Direct mail to a cold prospect returns between 2 and 3 % responses. So, mail 1,000 direct letters and an average response will get you between 20 and 30 replies.

But…

Get someone to refer a business or client to you and your response goes up to a whopping 60%!

Now, you probably don’t have 1,000 people or businesses you can ask for referrals from, but let’s say you have just 10% of that–you’ve got 100 people you can ask.

Asking just those 100 to refer business to you will get you, on average 60 interested prospects. Double that of the 1,000 direct mail letters you sent.

And add this to the mix- the cost to contact those 100 acquaintances to refer business to you is far less than contacting 1,000 cold prospects. Which means a better return on investment.


Ways to Fail at Business

The first way to fail at working an online business is to try to do everything at once. There are tons of gurus online telling you to do this, that and the other thing and you will be successful. What you as a person interested in online marketing has to do is successfully separate the “real” from the “fictional” and this is not always easy to interpret.

Look at the sales letter and see if there are what I call “massive statements” meaning those statements like, “Purchase this item and you will never need any other marketing tools” or “This particular item will be so easy to use that you will have $1,000’s of dollars in your bank account next day”. Exaggerated claims are the first key to knowing when you are being hyped. Only one situation will bring you success online and that is work and diligence to your business attitudes and service to customers.

Another way to fail online is to avoid spending time researching your niche or your marketplace. Your customers have a certain mindset, a way they like to shop, how they find your websites, etc. Make it easy for them to find out your attitudes, your service policies, and your abilities and do not hide behind the computer. Check other websites in your category and observe what they are doing and see how you can compete or do the service or product a better way. You will not capture every customer, but you do not need every online customer to be successful, only a portion. That is a very compelling reason to market online.

Marking a product or service too inexpensively will prevent you from becoming an online success. You do not have to have the highest pricing nor the cheapest offer online, but you do have to provide value for the dollar or you will not get repeat customers. Repeat customers, repeat this at least three times, are your bread and butter. It takes a lot to get a customer to your website, so you had better be prepared to do more than one follow up to complete that sale.

You need to decide how you will accomplish this marketing chore. Will you use autoresponders, an ezine or newsletter, a blog or just how will you correspond with your website visitors to continue to convince them of your integrity and honesty? It is a concept you should work out before you start to put up a website.

Also, you will need to have the proper tools and should consider their purchase part of your research and development to begin to build an online business. You need your own domain name or maybe a couple of domain names, a webhost, a product or service that you own and profit from, a way to build a website either by yourself or with a web designer, and you need a way to bring traffic to your website. Without any of these components, you will fail in your online business.

Only one component can compliment your ability to make a success online and that is a little four-letter word that is hard to find today. The word is “work” and there will be a lot of late nights and time spent in front of the computer before you see success in your business. If anyone tells you differently, that is a good sign that you need to run, not walk, to the next website!


Create Creative Inspiration

Record Everything

When you are thinking about a good idea, it’s important to find a way to record it so you don’t forget. One method that some people use is to get a small recorder. Some phones can be used as a place to record your ideas and inspiration by voice, or by using the stylus and writing on a notepad. The important thing is to get the ideas down so you cannot forget them. Remember, there’s no such thing as a bad idea.

Organize The Thoughts

Once you write something down, you can go in at any time and organize those ideas into more cohesive and complete thoughts. You can chunk things up into like ideas, expensive ideas, doable ideas and however you want to do it, so that you can start making implementation plans.

Trust Yourself More

As you are going through the ideas you recorded while you were inspired, now that you’re looking at it with more critical eyes, it’s important to maintain your excitement and enthusiasm. Trust yourself that you understand your goals and what you want to accomplish so that you can get out of the box and think more creatively.

Practice Creativity

The more times throughout the day that you find a way to be creative, the more your brain will start wanting to be creative. Try to find a way to be creative each day – whether that’s how you set the kitchen table for dinner or how you organize your files for completing a project.

Have A Change Of Scenery

Inspiration sometimes needs a change a scene to be more effective. If you’re having trouble figuring things out, go for a walk, go look at nature, or do something new, and you’ll find that your motivation comes back.

After you are done collecting everything that inspires you, at some point you will have to narrow things down to choose. But you don’t have to focus on that until you have it all in front of you. Then you can start the editing process.


Logistics For Small Businesses

Advantages of Logistics Management

Logistics improvements can effectively reduce the cost of doing business as well as improve profits greatly. It also improves efficiency, reduces inventory, improves delivery time and customer satisfaction, as well as giving your business a competitive edge. You can manage and improve the logistics or outsource if you cannot do it yourself. When you opt for out sourcing, you get a professional to help improve your logistics, as well as to reduce costs, which may take some time if you plan to do your own logistics improvements. Businesses have to keep their logistics in order; if they want to succeed Careful planning as well as incorporating the plans will help achieve that.

Different Areas of Logistics

Several service providers, such as, accountants, attorneys, bankers insurance agents, information technology experts, website developers, e-commerce gurus, travel service providers and real estate service providers keep logistics for small businesses in order. If the advice of these people is sought and used, small business will definitely see improvements in all aspects of the business. They have to be consulted when a small business is to be started, as they will help your business take the right steps to ensure success. Since their help in keeping logistics for small businesses in order is tremendous, they have to be selected with care.

Consider choosing reputable, ethical and experienced service providers to ensure they help improve logistics for small businesses. Make sure you are clear about how they will help your business, what you expect from them and to make sure you are able to work within your budget. These people will help logistics for small businesses by helping set goals to be achieved within certain period of time. Carefully choose people who understand the nature of your business and are trust worthy.

Your businesses will definitely grow, when all logistics operations are carefully planned and in harmony with each other. Failure to coordinate logistics will result in loss of time, money as well as effort and will be a step towards failure of the business. When you are not sure how to improve the logistics, consider professional help as these experts can improve logistics for small businesses without much ado at reasonable costs. There are consultants; large as well as small firms offering logistics help for all kinds of businesses. Choose wisely keeping in mind if they are suitable as well as economical.


Starting A Car Repair Business

As a Net-based car repair guide. You can start the guide business on the Internet. A car repair guide business on the Internet covers every kind of vehicle, from its make to the model. It is an essential part of a do-it-yourself lifestyle. Each guide is specific to a vehicle and includes detailed information and diagrams on how to get your truck, car, or SUV on the road again. The car repair guides have step-by-step instructions along with wiring diagrams and photographs, repair tips and specification charts. The ten most common repairs and tasks that people do themselves are changing the oil, replacing the air filter, fuel filter, spark plugs, battery, disc-brake pads, drum brakes, ignition coils, electric fuel pump, and jump-starting the battery. These repair tips help in saving money in the long run and help in increasing the life of the vehicle.

A car repair guide includes maintenance and troubleshooting tips to keep your car running like new and to figure out the problem when something goes wrong. It is a must for millions of motorists and has become a very popular industry.

As a franchisee car repair business. The other option is to be a part of a reputed franchise that will get you a lot of help to set up your business. The main aim of a car repair business is to build a large base of happy and satisfied customers. Car repair franchises fall into two categories:

  • The first type is the mobile repair and assessment service, operated by mobile mechanics in vans. ChipsAway Company, established in 1987, is one such franchise. It specializes in on-the-spot repair to paintwork, plastic bumpers, windscreens, alloy wheels, and interiors. They even tune the engine onsite and service and carry out general repairs to keep your vehicle in good running condition.
  • The other is the traditional car repair workshop. Mr. Clutch Company, established in 1978, is one such franchise. It specializes in clutch repair, brakes, and gear repairs. It also undertakes many other skilled tasks to keep your vehicle in great running shape.

For effective marketing, list yourself on the local Yellow Pages. Also advertise by leaflets and give free demonstrations in supermarket car parks. Work for a few car dealers until you get a steady business. Word-of-mouth publicity of a job well done is the best means of promotion.