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Digg it UP - What Does it Take to be a Successful Entrepreneur?
One of the biggest challenges in running a business is continuously finding the balance between short-term profits and monthly cash flow needs, and the business’ long term future. This can be a delicate tightrope walk indeed. However, you can use this balancing act to your advantage.Managing for the short-term gain means making dollars-only-decisions, driving people hard and prioritizing cost over ultimate value. Cutting out or failing to add anything that does not yield an immediate benefit is the mark of a business being managed only to a short hori
Start at the end result and work backwards. Too often people get caught up in solving a problem in a particular fashion. Identify the desired end result first then think about it deeply. As you reflect upon the end result begin to list the different ways to achieve it. List everything – even the processes you view as “crazy”. This will help you expand your thinking to the point where you might just apply an old solution to a new proble
There are individuals who are naturally born with creative hands. Some may not but aspires to be a writer in the complex world of advertising. If you belong to those who do not have innate gift for writing yet dreams of becoming a good copywriter, you can do so and work like a pro.All you need to have is the willingness to become professional in copywriting and some of the following:Degree.It will be an advantage on your part if you have a degree which is somehow related to writing – like journalism or communication courses. Having so, you
Some of the most successful entrepreneurs I have seen are re-arrangers. They take existing solutions (sometimes from other industries) and they apply them in new ways/scenarios to create value.
If I were forced to pick one quality that is indicative of success in business it would be this ability to find new uses for existing solutions. Far too many people believe that you need to have the next big idea in order to start your own business. That is not true. It is equally effective to apply an old idea to the next big problem. Here is an example:
As part of one of my previous jobs I ran an apartment cleaning business. We cleaned over 1000 apartments in New York City. As part of a larger company, we had specific standards we were required to follow (in order to maintain brand integrity). One of these standards was that our apartments would not only be clean, they would be “hospital clean”. This required us to use cleaning products that were specifically developed for us. Theses products cleaned well and killed germs better than any other chemicals on the market. The challenge for our operations team was that our apartments were in many different buildings scattered all over the five boroughs of New York. The cleaning staff was required to travel (via public transportation) from location to location. How could they transport their tools and cleaning supplies from place to place?
The answer came from a trip to the airport. Roller-boards (suitcases on wheels) had been used by business travelers for years. We purchased a few pieces of luggage and adapted them to our challenge. Within eight weeks we had refined this idea to the point where the cleaning staff could carry the supplies they needed in a rolling bag the size of a large briefcase. This “lightening bolt” struck when one of our operations managers was taking a relative to the airport. Everyone was pulling their own bags – even children. These bags would have been too heavy for them to carry on their own if they didn’t have wheels. He thought to himself, “that’s what we need”.
Sharpening this skill takes practice. Here are three ways to begin to develop your powers of rearrangement.
View each problem as mutually exclusive. Many times we complicate situations before we solve them. Take apart each situation and you will discover several smaller issues that can readily be rectified. Each small issue you resolve will have implications. Sometimes these will take you in a slightly different direction than you expected. See if you can still get to the desired end result even though you are heading down a new path.
Start at the end result and work backwards. Too often people get caught up in solving a problem in a particular fashion. Identify the desired end result first then think about it deeply. As you reflect upon the end result begin to list the different ways to achieve it. List everything – even the processes you view as “crazy”. This will help you expand your thinking to the point where you might just apply an old solution to a new problem
What are corporate gifts and why do companies spend money on giving away these gifts to their employees and partners? Have you ever wondered how this concept evolved and what the benefits are of this kind of a program? Well read on if you are interested to find out more about this and also get some exciting and unique corporate gifts ideas which will keep your employees and clients motivated and happy.First of all, let us look at some of the advantages of corporate gifting. An organization can build stronger and lasting relationships with their clients,
As part of one of my previous jobs I ran an apartment cleaning business. We cleaned over 1000 apartments in New York City. As part of a larger company, we had specific standards we were required to follow (in order to maintain brand integrity). One of these standards was that our apartments would not only be clean, they would be “hospital clean”. This required us to use cleaning products that were specifically developed for us. Theses products cleaned well and killed germs better than any other chemicals on the market. The challenge for our operations team was that our apartments were in many different buildings scattered all over the five boroughs of New York. The cleaning staff was required to travel (via public transportation) from location to location. How could they transport their tools and cleaning supplies from place to place?
The answer came from a trip to the airport. Roller-boards (suitcases on wheels) had been used by business travelers for years. We purchased a few pieces of luggage and adapted them to our challenge. Within eight weeks we had refined this idea to the point where the cleaning staff could carry the supplies they needed in a rolling bag the size of a large briefcase. This “lightening bolt” struck when one of our operations managers was taking a relative to the airport. Everyone was pulling their own bags – even children. These bags would have been too heavy for them to carry on their own if they didn’t have wheels. He thought to himself, “that’s what we need”.
Sharpening this skill takes practice. Here are three ways to begin to develop your powers of rearrangement.
View each problem as mutually exclusive. Many times we complicate situations before we solve them. Take apart each situation and you will discover several smaller issues that can readily be rectified. Each small issue you resolve will have implications. Sometimes these will take you in a slightly different direction than you expected. See if you can still get to the desired end result even though you are heading down a new path.
Start at the end result and work backwards. Too often people get caught up in solving a problem in a particular fashion. Identify the desired end result first then think about it deeply. As you reflect upon the end result begin to list the different ways to achieve it. List everything – even the processes you view as “crazy”. This will help you expand your thinking to the point where you might just apply an old solution to a new proble
1) Write a clear outline of the reasons behind bringing a call recording system into your call center’s work flow: o Benefits to agents o Benefits to customers o Benefits to company It’s always good to start with an outline before rolling out something new. It’s like using a recipe before you cook. Not sure if that’s the best comparison, but you get the picture. Your outline is your blueprint for success.2) Introduce the concept of quality monitoring well in advance and initiate tasks to empower agents to participate in the process
The answer came from a trip to the airport. Roller-boards (suitcases on wheels) had been used by business travelers for years. We purchased a few pieces of luggage and adapted them to our challenge. Within eight weeks we had refined this idea to the point where the cleaning staff could carry the supplies they needed in a rolling bag the size of a large briefcase. This “lightening bolt” struck when one of our operations managers was taking a relative to the airport. Everyone was pulling their own bags – even children. These bags would have been too heavy for them to carry on their own if they didn’t have wheels. He thought to himself, “that’s what we need”.
Sharpening this skill takes practice. Here are three ways to begin to develop your powers of rearrangement.
View each problem as mutually exclusive. Many times we complicate situations before we solve them. Take apart each situation and you will discover several smaller issues that can readily be rectified. Each small issue you resolve will have implications. Sometimes these will take you in a slightly different direction than you expected. See if you can still get to the desired end result even though you are heading down a new path.
Start at the end result and work backwards. Too often people get caught up in solving a problem in a particular fashion. Identify the desired end result first then think about it deeply. As you reflect upon the end result begin to list the different ways to achieve it. List everything – even the processes you view as “crazy”. This will help you expand your thinking to the point where you might just apply an old solution to a new proble
Business in the UK’s freight shipping industry has been booming over recent months. The port of Belfast is experiencing one of the busiest periods in its 400 year history. And now figures from the country's leading sea freight lines show that freight shipping volumes increased by 8% between 2004 and 2005.The Reasons for the Increase in Freight Shipping VolumesThe greatest freight shipping growth area has been on Irish sea routes. In this area volumes increased by 16% between 2004 and 2005. The reason for increased freight shipping volumes o
Sharpening this skill takes practice. Here are three ways to begin to develop your powers of rearrangement.
View each problem as mutually exclusive. Many times we complicate situations before we solve them. Take apart each situation and you will discover several smaller issues that can readily be rectified. Each small issue you resolve will have implications. Sometimes these will take you in a slightly different direction than you expected. See if you can still get to the desired end result even though you are heading down a new path.
Start at the end result and work backwards. Too often people get caught up in solving a problem in a particular fashion. Identify the desired end result first then think about it deeply. As you reflect upon the end result begin to list the different ways to achieve it. List everything – even the processes you view as “crazy”. This will help you expand your thinking to the point where you might just apply an old solution to a new proble
The agenda is the key to a successful meeting – it is the roadmap, the guide, the plan. Studies have shown that up to 70% of meetings either have no agenda or have a poor agenda which is not helpful. In this article, you will see that there are some steps which you can take to make sure your agenda will contribute to making your meeting more productive. There are also hidden advantages. If the agenda is well constructed, you will also spend less time in the meeting and more time actually doing the things the meeting determines need to be done!1. Remember
Start at the end result and work backwards. Too often people get caught up in solving a problem in a particular fashion. Identify the desired end result first then think about it deeply. As you reflect upon the end result begin to list the different ways to achieve it. List everything – even the processes you view as “crazy”. This will help you expand your thinking to the point where you might just apply an old solution to a new problem.
Bring in people who know nothing. Many big businesses use “cross functional teams” to solve problems. This is nothing more than bringing in people from other parts of the business to look at the situation with a fresh set of eyes. You should do the same thing in your business. Ask your accountant to look at your distribution system. Ask your attorney to take a shot at solving your customer traffic issue. Talk to your UPS delivery person about your fleet management concerns. Good ideas come from many different places. You may not receive the exact answer you are looking for, but you could receive some clues that will get you to the end result.
In the end, starting a business requires solving a million little problems (and a few big ones). Successful entrepreneurs are energized by this process. You can develop the skills of the re-arranger. All it takes is an open mind and the desire to succeed.
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