Showing posts with label clients. Show all posts
Showing posts with label clients. Show all posts

Tuesday, July 28, 2015

To Grow Your Business, Start Creating Solutions Instead of Just Managing Problems




As humans, we often get distracted with supervising and conserving the extent and intricacies of what we have, but at some point management only gets us so far. Nature, at its core, creates. It creates and does it well and if it were sentient, it'd probably encourage you to do it too.
Whether it is time, money or clients, too many entrepreneurs focus their efforts on protecting and managing what they have rather than creating even more. At one point I have been guilty of this myself. However, over time I realized that this mindset only keeps entrepreneurs and their businesses back from reaching their true potential. In order to grow, one must create.
The act of creation does exactly what it says it will do: create. Before anything can be managed, it has to be created. For example, in the initial years of starting my business, like many entrepreneurs, I was often forced to significantly reduce my prices to secure a sale. I would sacrifice my profits, sometimes just barely break even, just to get a deal done. Other times, I would resist upselling my current customers because I was afraid of scaring them away to my competitors. My mistake was trying to protect my small customer base instead of finding ways to build it. I’ve learned that the only way around such a dilemma is to prospect so much that one, two or even ten lost sales wouldn’t even matter.
Although some may see the importance of creating solutions rather than managing problems, the fear of meeting the risks attached to such an act can keep them back. Thinking about birds migrating because of a shortage of food may help – they run the risk of losing their home while they find a temporary new one. It's a big risk traveling all that distance. They may starve on the way or lose some helpful bird friends in the flock that could have made spotting places to nest a bit easier. Maybe mates even fall victim to natural causes. Either way, migration is a hazardous act and puts a lot on the table. However, similar problems would have arose sooner or later as a result of managing their shortage of food instead of exploring ways to have more.
It's the same view I have on money. I once viewed money as something finite. As soon as my business brought in sales, I would push that revenue aside and watch it with eagle vision. I did not dare touch it. Reinvesting wasn’t my priority. The reason for this was, like many entrepreneurs, I wasn’t confident that I could make another lump sum of money. Grant Cardone said it best, "The only reason to hold on to something is if there is a shortage." I would very much prefer to be in a situation where my business had too much money that I didn’t know where to put it all than to be in a situation where my days were spent figuring out how to cover expenses and invest in expansion with too little money.
In the business world a situation of too many pencils, not enough paperwould prove disastrous or even fatal. Think of wolves: out of a pack of about fifteen wolves there's usually only one or two alphas. The role of the alpha is to lead the packs into hunts and ensure that hunts don't fail while the rest of the pack executes the hunting strategy. The majority of the pack is focused on bringing in food - creating. If every wolf in the pack was an alpha, and focused on protecting the pack they would all die in starvation. This is the mindset entrepreneurs need to have. Manage, protect and conserve, yes. But most importantly create or your business will starve.
Another thing we humans tend to put our energy towards is managing time. I have found that the most successful entrepreneurs focus their efforts on maximizing time by finding ways to turn an hour into two or three extra hours. It's just like a tree that may be taking its time segregating cells and photosynthesizing. While doing that it may be creating new seeds and moving water up its roots. Maximizing time is a way of ensuring continued existence and success in the great game of business. Some ways to do this are by delegating projects that could have been handled by someone else, ceasing activities that don't help your overall goals and even cutting down on sleep time.
This even applies to natural selection: instead of managing a poor evolution, natural selection weeds out the organisms that don't work and creates newer, more efficient ones suitable for the environment and habitat.
Right now, you couldn't be reading this article if you didn't exist; an egg being fertilized is the reason you're here on the web, enjoying this article. Without creation, you couldn't be here wondering what nature has to offer over certain problems and what solutions it can provide with simple creation. If anything, it's like a massive canvas everything is connected to each other by brush stroke after brush stroke. Take a moment to apply the concept of natural selection to whatever it is in life you're struggling with. Even better, take the idea of creating a solution rather than managing a problem.

Warren Cassel , Jr

Tuesday, February 24, 2015

50 Reasons to Start Your Own Business


Some people are destined to be entrepreneurs. From the time they get through school, or maybe even before that, they’re hungry to start a business and lead it to success, and they’ll stop at nothing to make that dream a reality.
For others, starting a business is a scary, intimidating notion. There are too many unknowns to take the plunge. But if you’re considering becoming an entrepreneur, don’t forget all the benefits that go along with it:
1. Flexibility. Work your own hours.
2. More spare time (eventually). Spend more time with your family and friends. But note: This is only applicable once your business is established and you have employees handling the majority of necessary responsibilities. Don’t expect to have more spare time until you reach this point. In fact, expect to have much less.
3. Call the shots. Nobody else is going to set the rules. You are.
4. Set your own deadlines. No more last-minute rushing unless you want to do it.
5. Sell how you want to sell. Online? In person? Inbound? Outbound? It’s your call.
6. Create your own environment. You can set the formality and culture of your organization.
7. Pursue your passion. You can do what makes you happy.
8. Create something from scratch. Watch your organization grow from start to finish.
9. Meet new people. Network with other entrepreneurs and professionals.
10. Build a team. You decide who to hire and bring into your company.
11. Create jobs. Improve the economy with new job opportunities.
12. Help people. Use products and services to improve people’s lives.
13. Become an expert. Learn the ropes of your industry through first-hand experience.
14. Invest in yourself. You take the risk, and you’ll gain the rewards.
15. Make more money. If you want a pay raise, you can give yourself one.
16. Financial independence. No one else is signing your paychecks.
17. Tax benefits. Write off your biggest expenses Note: while you do get to write off lots of expenses as an entrepreneur, beware the “self employment tax.”
18. New challenges every day. Find new ways to stimulate your mind.
19. Get exposed to new cultures. Discover new perspectives and approaches.
20. Discover new fields. Delve deeper into your industry.
21. Create an asset. Give yourself something sellable to hedge your bets.
22. Connect with your clients. Forge real, personal connections.
23. Delegate boring tasks. Don’t do anything you don’t want to.
24. You can stop working. Work you enjoy doing can’t be described as “work.”
25. The power to give. Have the power and flexibility to donate time or money to worthy causes.
26. Get involved in the community. Participate actively in your neighborhood and region. 
27. Improve your industry. Push your industry forward with new innovations and ideas.
28. Get a mentor. Meet valuable, insightful mentors and learn from them.
29. Become a mentor. Take your own knowledge and experience, and mentor someone else.
30. Learn new skills. Branch out in new departments.
31. Attend new classes and seminars. Constantly refine your skillset and stay updated.
32. Have a big office. If you want the biggest office in your workplace, it’s yours.
33. Work from anywhere. Work from home, an office or a beach if you so choose.
34. Have the option for multiple ventures. Start another business when you’re done with this one.
35. Gain entrepreneurial experience. Being an entrepreneur makes you a better professional in almost any position.
36. Get recognized. Start earning name recognition and build a reputation.
37. Get things done faster. Set your own efficiency rates.
38. Build a personal brand. Take the time to develop your personal brand, and tie it into your business’s.
39. Get more creative. Create your own opportunities and your own solutions.
40. Inspire others. Serve as an example for other people to follow their dreams.
41. Reduce your commute. Find an office space closer to your home.
42. Have more job stability. Never worry about being laid off or fired.
43. Find pride and fulfillment. Finally start taking pride in the work you’re doing.
44. Reach your dreams. If you’ve ever dreamed of being wildly successful, this is your chance.
45. Learn to embrace failure. Even if you fail, you’ll walk away with new skills and more experience you never had before.
46. Have a great story to tell. It will be a fun story for your grandchildren one day, win or lose.
47. Leave something behind. Pass the business down to your children and grandchildren.
48. Change the world. It may seem like a lofty goal for you right now, but your business really could change the world.
49. Resources are plentiful. With the dominance of the Internet, it’s easier than ever to find resources you need, including startup capital, loans, grants and even mentors.
50. There’s nothing stopping you. What’s really keeping you from being an entrepreneur? Of course there are risks, but there’s nothing forcing you not to take them.
If you want to become an entrepreneur, there’s nothing really holding you back. Take the leap, and lead the company you’ve always wanted.
If you decide to take the leap, be sure to grab my ebook to help with your growth, The Definitive Guide to Marketing Your Business Online.
Jayson Demers