Archive for March, 2005
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Your Greatest Asset
Every person on earth wants to feel important, recognized and appreciated. We want to feel that our contribution is important and that our ideas and suggestions are valued. Plus, we want to feel that we get rewarded for any value that we create. I have found that our employees at the coalface often know more about our businesses than we do. Their suggestions are based on real life, real experience and real opinions. They have insights and recommendations which could radically improve our bottom line profits, if we only gave them a reason to share those ideas, listened, and rewarded them accordingly.
Your employees want to feel a part of the business. They want to feel that they have secure jobs and that they can increase their income without moonlighting and arriving at your business half asleep. By listening to their ideas and providing them non-threatening and easy to use, understandable sales tools with a system to measure and reward results, you can unleash massive sales! When we understand that our businesses provide products and services that relieve pain and create value, we can train our employees to perceive “sales” differently. Use this massive, neglected resource – the cost is miniscule and the results are extraordinary – improved productivity and loyalty, decreased employee and customer attrition and increased sales and profits, innovation and motivation.
Zig Ziglar said, “You can get anything out of life, if you’re prepared to give enough other people what they want.” Most employees dread going to work and we can change that. Give your employees what they want: a voice, an ear, an opportunity, security, self esteem, reward, motivation, purpose and recognition, get your ego out of the way, and the sky’s the limit.
How workers ranked what they considered important, starting with the most important:
“Unless you move, the place you are is the place you will always be.”
Timing
Kenny Rogers sang,
“You’ve got to know when to hold ‘em
We all know how important timing is. Or do we? As we mature as entrepreneurs, we get a gut feel for timing. At the same time, we learn that we don’t need to do every deal, or deal with everybody. We learn to walk away and we learn to stick it out. And we know that sometimes the results we work so hard for aren’t immediately evident. And sometimes, what keeps us disciplined and objective is the company we keep. If desperate people do desperate things, we need to associate with people who are not desperate, strapped for cash or emotionally unstable. Wise counsel comes from people who are relaxed, confident and impartial. Sometimes, we’re tempted to try and force things to happen, to twist the arm of the business process, to apply undue pressure. This usually leads to disaster or at least embarrassment. Or we hold back and allow a wonderful opportunity to pas us by. It takes self control and faith to hold ‘em, to fold ‘em, to walk away and to resist counting ‘em too soon. And sometimes it’s easy to run when we should be holding on.
So aligning ourselves with a group of strong, patient and experienced entrepreneurs who can keep us on track when the wind howls and the seas are rough, is a smart thing to do. Courage is not the absence of fear and every entrepreneur has known the odd sleepless night. That’s when it’s good to have a seasoned mentor or wise business associate on call. Preferably someone who has a vested interest in your success. Together, we can do amazing things.
There is a tide in the affairs of men, which, taken at the flood, leads on to fortune; omitted, all the voyage of their life is bound in shallows and in miseries” – William Shakespeare.
Joint Venture Pros and Cons
The Benefits Of Joint Ventures (Pros)
1. You can build long lasting business relationships.
2. You can increase your credibility by teaming up with other reputable, branded businesses.
3. You can get free products and services.
4. You can construct most joint venture deals with little or no money.
5. You can gain new leads and customers.
6. You can get discounts on products and services.
7. You can save money on business operating costs.
8. You can beat your competition.
9. You can gain referrals from other businesses.
10. You can solve your business problems.
11. You can save valuable time.
12. You can get free and low cost advertising.
13. You can offer your customers new products and services.
14. You can survive a depression, recession or a slow economy.
15. You can save money by sharing advertising and marketing costs.
16. You can target other potential markets.
17. You can expand and grow your business quickly.
18. You can gain valuable information or skills.
19. You can increase and protect your cash flow.
20. You can find new profit outlets.
21. You can become rich and wealthy.
22. You can start almost any business at little or no costs.
23. You can get rid of your extra inventory.
24. You can reduce and eliminate your debts and avoid bankruptcy.
25. You can afford to sell your products at a lower price.
26. You can increase your opt in or ezine subscribers for free.
27. You can get your web hosting and design for free.
28. You can save money outsourcing your workload for free.
29. You can find hidden income streams.
30. You can exchange useless products for profitable ones.
31. You can create new business funding and credit lines.
32. You can reduce your taxes.
33. You can find and create new distribution channels for your products.
34. You can give your employees more raises, bonuses and benefits.
35. You can even trade non business stuff to improve your personal life.
36. You can increase your sales and profits.
37. You can send your ad to huge, targeted email lists at no cost.
38. You can eliminate employee hiring costs creating barter outsourcing deals.
39. You can build your customer or opt-in list for free.
40. You can build profitable alliances with other businesses.
41. You can learn insider information from other experts at no cost.
42. You can test your product for free.
43. You can out-sell other bsuinesses, competitors and affiliates much easier.
44. You can increase the number of affiliates /associates you have.
45. You can offer more bonus products and incentives to buy.
46. You can get highly credible endorsements and testimonials from other experts.
47. You can quickly increase your ezine subscribers.
48. You can offer your products at lower prices than your competition.
49. You can easily find new up sell and backend products to sell.
50. You can create products faster and with less effort.
The Author of the above: Gunnar Berglund
The Cons: Dealing with the wrong people
Learn about Joint Ventures – how to succeed, and how to avoid dissapointment: Click Here
