Many entrepreneurs stress themselves over a lot of things in the process of establishing a business. There are some basic things that all entrepreneurs should take into consideration as they take their business idea and turn it into a business operation.
Business consultants say that there are some things that can be ignored when you want to start a business. It is, therefore, important to state some of the things which are not mandatory before establishing a business. Below are a few, according to experts:
Academic qualifications
This does not rule out the significance of adequate formal training and/or education. Experts say the Internet, entrepreneurial groups and organisations, mentors and good networking make it possible to learn a lot on your own. As prospective entrepreneur, you should not allow lack of academic credentials discourage you. It is important to have degrees, but the absence of such does not mean you will not do well in business provided you adopt the basic principles. Experts say as long as you are curious, driven and have a valuable skill set or the ability to offer something useful to others, you can become an entrepreneur.
Management expert, Mr. Dayo Alegbe notes that once you start up your business, you can always update your knowledge in order to boost your productivity. He says the lack of credentials is no barrier to starting up a business and running it successful, but is an advantage which any shrewd entrepreneur can get with time.
Welcome to Business Success blog, a blog dedicated to the success of budding entrepreneurs. Here we provide tips and information on how to take your business to the next level. Feel free to share your own view and experience too. Also, we will be providing articles from the gurus of the business world.
Monday, 12 August 2013
Tuesday, 6 August 2013
FG to provide special incentives for sugar refiners
Nigeria.
The Federal Government has said it will
provide special incentives for investors in the sugar industry,
especially those that have keyed into its Backward Integration Policy in
the sector.
The Minister of Industry, Trade and
Investment, Mr. Olusegun Aganga, said this during an assessment tour of
facilities of major sugar refineries in Lagos on Saturday.
Those visited by the minister were Dangote Sugar Refinery, BUA Sugar Refinery and Golden Sugar Refinery.
48.3 million Nigerians browse Internet on mobile phones
Nigeria.
A total of 48.3 million telephone subscribers actively browse the Internet on their mobile phones, investigations have shown.
Statistics obtained from the Nigerian Communications Commission on Friday showed that Internet subscriptions through the telecommunications operators increased by 26.44 per cent between May 31 and June 30, 2013.
Active Internet subscription as of the end of June, but it was, however, 16.29 per cent less than the total Internet mobile subscriptions.
At the end of June, a total of 57.7 million telephone subscribers had Internet subscription, although only 48.3 million were active subscribers.
Managing your staff performance
(Culled From Businessday)
Introduction
A plan is only as good as the paper it is
written on, until it is implemented. Getting the right staff is the very
first step but making sure that the right staff are doing the right
things and doing them effectively and efficiently is another important
task. Peter Drucker said that ‘Plans are only good intentions until they
deteriorate into hard work’
Problem Statement
Managing staff is one of the areas where
entrepreneurs and smaller businesses seem to have challenges. Many
supervisors know how to supervise tasks and jobs but they do not know
how to manage performance. Walk into some organizations during appraisal
time and you can cut the atmosphere with a knife, it is that tense. In
some cases the appraisees are on tenterhooks and in as many cases, both
appraisers and appraisees are afraid to face each other. This usually
stems from the fact that the organisation has a goal setting process and
an appraisal process but the two are not connected via a performance
management process.
Saturday, 3 August 2013
How To Beat the Competitors with Your Company Profile!
Under a competitive bidding situation, perception becomes everything, especially in a corporate world.
In a situation where you will not be physically present, you will be accessed by the content and the look of your company/business profile.
Many business opportunities have been lost because of unprofessionally written profile. As I mentioned in my past article, your profile is your company curriculum vitae (CV), to get a very professional Profile, you need to check on the very best personal CV of a competent professional!
So what do you look up in a professional CV? The first thing you look for is the qualification of the individuals, what has that got to do with your Profile? Well, plenty actually! Has your company been awarded a plaque recently? Do you have a special qualification as a professional? Any industry related qualification? e.g ICAN, ACCA, MNCE, CCIE, CPA, CFA, NIM, etc, you got the point right? Any industry related qualification will add to your credibility, so put it in your profile!
Wednesday, 17 July 2013
One Smart Way to Never Cold Call Again!
In business, selling is the number one job. Of course, there
are various ways to sell a product or service, but the fact remain that we will
still have to talk to people, prospecting, and introduce our product or service.
Let us face it, most people are afraid of talking to
strangers, in other words, most people are afraid of cold calling. However, to
sell a product we must call on people!
Here, we have two challenges. Firstly, the fear of rejection
from a stranger, and secondly, people rarely buy from people they do not know
or trust anyway. In a simple term, cold calling rarely work as a means of
building a successful business.
I am going to introduce you to a very smart way of building your
network, this method is so fast, so easy and so powerful you will be amazed at
what you can achieve within a short time.
The idea is to quickly build your network in a geometrical
progression that will help you expand your business, make you sell more, and
turn you to a sale guru.
So what is this idea? How does it work? How do you start
using it immediately? Relax, I will tell you everything, but make sure you have
a product or service that will really add value to your customers, products or
services you can boldly introduce to your closest friend. O.k so you have a
valuable product or service right? Let’s go!
Wednesday, 3 July 2013
Get BETTER Clients!
"Everything that can be counted doesn't necessarily count;
everything that counts can't necessarily be counted."
- Einstein
Have you ever noticed that some
people make you feel good just to be around them? These are the people who give
you energy when they are near you. These special people seem to unlock your
creativity and stimulate your thinking. Wow!
On the other hand, there are probably others you can think
of who just drain all the life out of you. Which would YOU rather have as
clients?
I don't mean to sound rude, but
most businesses take on any client who steps up with the money. Don't get me
wrong; we all know that a paying client is indeed very valuable. My point is
that you consider the cost to you for dealing with the people you serve. Just
for discussion purposes, let's explore the impact that our clients have on us.
Meet Gusto.
The first type of client
mentioned above (let's name this person Gusto) is the type who is fun and
interesting. When you interact with Gusto, you come away feeling energized.
This person will likely be the type who gives you honest, constructive feedback
about your products and services. Gusto will often even help you improve your
offering. This type of client is instrumental in growing your business through
their referrals.
Monday, 17 June 2013
Why You Must Dream Big
I found this in my email box, and I think it will be very helpful to you my dear reader. It was sent to me by Early to Rise.
By Craig
Ballantyne
The first few hours of my morning are pure bliss. I arise early and sneak
down to the kitchen table in my loft
apartment. The sixteen feet ceilings and
windows to the south help to free up space in
my heart and my mind as I go
about my daily routine.
I sit at the large table, without Internet access, surrounded by the lush green scenery endemic to the Toronto skyline in early June. The early summer sun naturally lights the sky and lifts my spirits. It's a magical time of day.
I spend at least an hour to writing my daily Early To Rise essays and monthly newsletters. This is followed by thirty minutes devoted to daily inspirational readings and another fifteen minutes of seated meditation.
During these few solitary hours, everything is right in the world.
Wednesday, 12 June 2013
Create Your Personal Brand
By Brian Tracy
Just as surely as building a powerful brand is the key to differentiating a product in the marketplace and thus building a successful business, so creating a strong personal brand is the key to differentiating yourself from your competitors, thereby ensuring your own success as well as that of your business. Your personal brand determines how people respond to you, whether they listen to you, buy from you, how much they buy, what they are willing to pay, and so on.
Promises You Make
Your personal brand makes a promise: “If you buy from me, you will receive a specific value in return.” This promised value will be born from the values, virtues, qualities, and attributes by which you become known. For example, you may want to create a personal image—a brand—of a person who always operates at a high level of integrity, consistently walks the talk, is an exemplary leader, and goes the extra mile to ensure customer satisfaction. Who is your ideal customer? What values, virtues, qualities, and attributes will he be looking for in a supplier of your product? Do you match this profile? If not, do you have a burning desire to be this kind of person? These are the key questions you must ask yourself when beginning to build your personal brand.
Tuesday, 11 June 2013
How Deep Is Your Pocket: The Keys to Establishing Your Start Up Costs
Having established your potential capability as an
entrepreneur and having your idea in place, the next stage is start the process
of putting everything in place. One of the challenges of planning and getting a
new business off the ground is to establish what your start up costs are going
to be. At best, it’s going to be a stab in the dark or a wild guess, but there
are some specific steps you can take to make your costings more realistic.
Why Estimate Your Costs?
But, before we look at where you can get help, we should
consider why you need to get your estimated start up costs as near to reality
as possible. Firstly, if you are seeking bank finance the dreaded Business Plan
is required! The Bank Manager is not going to be impressed by a comment such
as, “I think my start up costs are going to be around $10,000 but hey, who
knows!”
Saturday, 8 June 2013
The #1 attribute of a successful marketing message
The quality of your marketing is the number one factor in
determining if your business will be a success or failure. If your
company's marketing message demonstrates the value of buying your
product or service over that of your competition, your business
will prosper. If your marketing message does a poor job of
demonstrating the value of your product or service, your business
will fail.
Understand that all customers (B2B and B2C) care about the same
thing - if I purchase this item, what's in it for me? What
beneficial end result will I receive? And, will the end result I
receive from buying this item be better than if I bought a
competing item? Explaining to customers why your item produces the
most desirable end result is the job of marketing.
determining if your business will be a success or failure. If your
company's marketing message demonstrates the value of buying your
product or service over that of your competition, your business
will prosper. If your marketing message does a poor job of
demonstrating the value of your product or service, your business
will fail.
Understand that all customers (B2B and B2C) care about the same
thing - if I purchase this item, what's in it for me? What
beneficial end result will I receive? And, will the end result I
receive from buying this item be better than if I bought a
competing item? Explaining to customers why your item produces the
most desirable end result is the job of marketing.
Biggest Marketing Mistake
The biggest mistake I see when anyone markets their business
is that they start with one or two tactics, but have no clearly defined
marketing strategy. Tactics are specific
ways to achieve your strategy, such as direct mail, speaking, writing, website
etc – whereas a marketing strategy is the starting point; it defines the
overall objectives and outlines a game plan.
If you start only with tactics, you’re doing things the hard
way because you may not be choosing the most effective marketing tactics for
you. Without a marketing strategy, the
tactics you choose won’t be as effective because the actions will be scattered
and not derived from a sound game plan with all your objectives integrated into
them.
You probably picked a tactic that someone else you know is
using or that they recommended and you think it will work for you. Well, it probably will because invariably all
tactics work. You’ll find that each
industry has its own preferred tactic but this may just be a habit rather than
the most effective way of marketing for that industry.
Leveraging Your Financial Potential
By: Brian Tracy
Know the Right People
One of the greatest forms of financial leverage is contacts. Knowing the right people and being known by them can open doors for you that can save you years of hard work. The quality and quantity of your contacts and your relationships will have more to do with your success than perhaps any other factor.
Here are three things you can do to expand your list of contacts. First, make a list of the 25 people you feel it would be most useful for you to get to know. Develop a strategy to get to meet everyone of them over the next 12 months. Then make a list of 25 more.
Know the Right People
One of the greatest forms of financial leverage is contacts. Knowing the right people and being known by them can open doors for you that can save you years of hard work. The quality and quantity of your contacts and your relationships will have more to do with your success than perhaps any other factor.
Here are three things you can do to expand your list of contacts. First, make a list of the 25 people you feel it would be most useful for you to get to know. Develop a strategy to get to meet everyone of them over the next 12 months. Then make a list of 25 more.
Friday, 7 June 2013
Ten Keys To Business Success
Often in our business and life we wish we could have a key that can unlock that illusive door to success and open the in exhaustive vault of wealth to us!
Well the fact is success is a matter of grabbing one idea here, plucking one advice there and putting them together till we find the right formula for our business and life. This article was sent to me by The business and success expert, Brian Tracy, grab one or two ideas from here and see if you can make them add to your formula for success.
There are ten critical areas where your ability to think largely
determines the success or failure of your business. The greater clarity
you have in each of these areas, the better decisions you will make and
better results you will achieve.
Well the fact is success is a matter of grabbing one idea here, plucking one advice there and putting them together till we find the right formula for our business and life. This article was sent to me by The business and success expert, Brian Tracy, grab one or two ideas from here and see if you can make them add to your formula for success.
There are ten critical areas where your ability to think largely
determines the success or failure of your business. The greater clarity
you have in each of these areas, the better decisions you will make and
better results you will achieve.
One Fatal Mistake To Avoid In Your Business!
When building a business, the desire of all entrepreneurs is for the phone to never stop ringing, for the customers to be flowing in in their hundreds or thousands as the case may be. In a bid to achieve this, we usually fall into the error of becoming everything to everybody; it is a fatal error!
Many business people have gone through this mistake and they have various not so cheerful story to tell.
In today's global business space, it is actually suicidal to be the proverbial Jack of all trade...
So what is the way to go? Specialize! Specialize! Specialize!
To succeed in a competitive market place, a product or service must be specialized to perform a specific function and be outstanding at satisfying a clearly defined need of the customer.
Many business people have gone through this mistake and they have various not so cheerful story to tell.
In today's global business space, it is actually suicidal to be the proverbial Jack of all trade...
So what is the way to go? Specialize! Specialize! Specialize!
To succeed in a competitive market place, a product or service must be specialized to perform a specific function and be outstanding at satisfying a clearly defined need of the customer.
How To Make Customers “Love” Your Marketing To Bits
Rule
#7 – Appeal to emotional and logical buyers
This rule is one of my favorites. Most people buy based on
their first impressions and emotions, then try to back their decision up later
through the use of logic.
Most people will not admit it, but they will buy something
because it makes them feel good, look good or feel special.
In your marketing campaigns, you should appeal to both your
buyer’s emotions and logic. Think of ways to sell your products such that it
will appeal to their inner desires and states. Don’t just base your arguments
on tangible and direct features of your products.
Rule
#8 – Sell but don’t ridicule
Too many advertisements or sales personnel make fun of their
prospects. The moment prospects are offended by something you say, they’ll very
rarely want to buy from you even though you didn’t mean to.
How To Make Customers “Love” Your Marketing To Bits
Rule
#5 – Put your best foot forward
Make sure all of your products and services are up to the
standard. Don’t cut corners or skimp on
quality just because you want to make a quick buck. Cutting corners doesn’t
work in the long run.
For each new product I come up with, I insist that it’s of
the highest quality possible. In fact, I’m almost a perfectionist. That’s
necessary because paying customers want and deserve nothing but the best.
Before I publish any of my ideas or techniques in print, I
always insist on trying them out on myself first. Unless they work, they don’t
make the cut. You should do the same for your business – If you were selling to
a friend, would you be providing the same kind of quality?
This point may be obvious, but many companies miss it. It
disappoints me time and time again to see products fraught with flaws being
released to the market. Recently I bought an MP3 player that had glitches all
over the place. It makes people wonder why the manufacturer didn’t bother to
iron out all these glitches before releasing it to the marketplace.
How To Make Customers “Love” Your Marketing To Bits
Rule
#3 – Show them you’re only human
No one likes to know they’re buying from a huge, faceless
corporation or a marketer who’s only interested in their money. That’s why in
recent years, big corporations have been giving their business a personal face…
to make their products and services more approachable.
You should do the same too.
Don’t be too stuck up with your target audience. Just
because you’re the expert or authority in this subject doesn’t mean you have to
act that way. Put yourself on the same level as your customers, and bend over
backwards for them.
Thursday, 6 June 2013
Moneysupermarket.com co-founder makes £170m after selling stake
PARIS: The co-founder of a Flintshire
based price comparison website has made £170m after selling a 15per cent
stake in the company, the British Broadcasting Corporation reported on Wednesday.
Simon Nixon will remain a major shareholder at Moneysupermarket.com and keep a seat on the board.
He co-created the Ewloe-based site with Duncan Cameron in 1999.
Nixon is selling 80 million shares in the first major disposal of his stock since the website floated in 2007.
It is the latest boost in the personal wealth of the entrepreneur, who studied at St Richard Gwyn School in Flint.
US panel backs Samsung, bans older Apple devices
WASHINGTON – Samsung won a round in
its long-running patent battle with Apple on Tuesday when a US trade
panel banned the import and sale of some older models of the iPhone and
iPad.
The quasi-judicial International Trade Commission said it issued a “limited exclusion order” for certain devices made by Apple, in a victory for the South Korean firm after a huge loss in a court fight with its US rival last year.
The quasi-judicial International Trade Commission said it issued a “limited exclusion order” for certain devices made by Apple, in a victory for the South Korean firm after a huge loss in a court fight with its US rival last year.
How To Make Customers “Love” Your Marketing To Bits
Rule
#2 – Make your customers feel good
We feel good when we know we’re loved, treasured and
special. There are many ways you can make your customers feel special. From
dropping a surprise, handwritten note with every offer, to free gifts and
special reports.
You’ll be surprised at what some of these can do for your
business. Make every customer feel special.
• Greeting
cards during special occasions
• Priority
order forms / Discounts
• Newsletters
with useful information
• Special
reports
Wednesday, 5 June 2013
How To Make Customers “Love” Your Marketing To Bits
Introduction
How do I make my products and services sell better?
What should I do to make prospects buy my products or engage
my services?
The answer is simple – Make people like you. It’s a fact: We
only buy from those we like and trust.
If you want your products to sell like crazy, apart from
having a top-notch product… the next thing you should do is to make your
customers like you. Make them feel good about you as a person, about your
business and finally your products.
Although I’m routinely “pitched to” by a variety of
marketers and companies, I find myself buying only from those I like. This
special report covers several effective steps to make customers “like”
you.
How to Make Your Business Stand Out from the Crowd!
The goal of every business person is to ensure that his/her
business stands out among the crowd, it does not matter whether the business is
online or offline. Standing out among the competitors is actually one of the
fundamentals of any marketing strategy.
If people do not know what you do, where you are or if you
are hidden away among your competitors, you may be in trouble.
It is crucial to your business success to send out a very
clear message that you are here, you are ready, willing and able to be of
service and most importantly of all that you are great at what you do.
Now, there are numerous ways and methods to increase your
chances of standing out from the crowd, and we will be exploring some of these
ideas.
Promote Your Business from the
Outside In
It is really funny how so many offline businesses have not
seen the huge advantage in outdoor signage. Outdoor signage works seven days a
week, 24hours a day, whether you are open or closed. Use it to its full
advantage.
Tuesday, 4 June 2013
The Secrets of Powerful Letters From The Man Who Sold Coal By Train Carload
Okay, the next secret from the ages
comes from “The Robert Collier Letter
Book” by Robert Collier. This has long been out of print and
very difficult to locate. Collier was able to sell almost everything under the
sun and make millions. He started out selling coal by the train carload just
through direct mail letters. Robert Collier’s book is practically the bible of
how to write letters that get results...and right now I want to reveal to you
how to use a few of his little-known secrets of effective sales letters.
Collier tells where the idea for his
famous “Will you do me a favor?”
letter came from. He tells how he read about a manager whose company had been
extremely competitive with another company and it was in this manager’s best
interest that the two companies should join together. This manager figured that
people feel most kindly to someone for whom they’ve just done a favor for. So
he went to his rival and asked him for a favor, he wanted to know how to handle
customers taking advantage of their terms. Well, this little technique helped
to bring these two companies together.
How to Have A Money Making Online Presence Within the Shortest Time
Here is an article I believe is really invaluable. I can not actually remember where I got it from!
Online presence without a proper foundation is
like a bridge without strong holding pillars. Social media can only be
result-oriented and outcome-focused when and only when the strategy is right.
There’s a pecking order when it comes to
structuring a complete online presence for your business. Being conversant with
platforms like Facebook, Google+ Twitter or Pinterest doesn’t mean your content
strategy, SEO and e-mail marketing are fuelled enough to last the journey.
In order to get the expected return on social
media investment and not to drain all of your efforts, there must be a
combined effects between your social media reasons and expectations, proper
content to increase your voice and of course e-mail strategy to exchange
through.
The most valuable asset and joy of a healthy
online presence is an engaged e-mail list and people that are enthusiastic to
hear from you. Between 500 and 1000 or more responsive e-mail followers
trumps 25,000 Twitter followers every day when it comes to actually promoting
the things that make you money.
If you want to achieve sustainable online
presence that is outcome-focused, you have to focus on building a list of
e-mail subscribers that want to hear from you and social media will become an
instrument set to help you do more of that.
Dangote, Africa’s first $20bn man —Forbes
The President/Chief Executive of the
pan-African conglomerate, the Dangote Group, Aliko Dangote, has become
the first African entrepreneur to lay claim to a $20bn fortune, thus
becoming one of the 25 richest men in the world.
This is on account of the stock value of his largest holding, Dangote Cement, leaping about three-fourths since March when Forbes released its annual ranking of the world’s richest people.
Dangote’s 93 per cent stake in the cement company is now worth $19.5bn, according to the magazine.
Dangote Cement becomes the first Nigerian company to achieve a market capitalisation of over $20bn.
Added to this are his controlling stakes
in other publicly-listed companies like Dangote Sugar and National Salt
Company of Nigeria, and his significant shareholdings in other
blue-chip companies like Zenith Bank Plc, UBA Group and Dangote Flour;
his extensive real estate portfolio, jets, yachts and current cash
position, which includes more than $300m in recently-awarded Dangote
Cement.
Monday, 3 June 2013
Magic Words That Increase Your Bottom Line
Maybe you’ve heard the expression “sell the sizzle not the steak.” Well
that’s Elmer Wheeler and his book “Tested Sentences That Sell” from 1937
reveals the ‘tested selling sentences’ that Wheeler uncovered by testing over
105,000 words on more than 19,000,000 people.
Doing so he found conclusive evidence
that certain words would produce incredible differences in results over other
words. And I’ll tell you all about them in a moment, but first it’s interesting
to know the way this all got started. When Wheeler was an ad salesman for
several newspapers he developed a fine sales presentation for retail merchants.
He would come in and tell the retailers about his paper’s large circulation and
how people who needed to buy shirts, hosiery, umbrellas, etc. would be done to
their store to buy. But the reply he got was “So what?” The retailer would
point to hundreds of people in the aisles of his store and tell Mr. Wheeler
they come down here but they don’t buy.
Business Success: How To Think Strategically About Your Business (By...
Business Success: How To Think Strategically About Your Business (By...: Ready?... Set... Nah! NOW, we're getting nowhere! At least once a year, most business owners, entrepreneurs, and professional...
How To Think Strategically About Your Business (By Gary Lockwood)
Ready?... Set... Nah! NOW, we're getting nowhere!
At least once a year, most business owners, entrepreneurs,
and professionals begin procrastinating about doing their annual planning.
Why is this such a daunting task? For many, it's because
most of us imagine annual planning as a huge, time-consuming and difficult
chore.
What if it was easy and quick?
What do you stand to gain from effectively planning for next
year?
Saturday, 1 June 2013
Six Strategies for getting BREAKTHROUGHS in YOUR Business
Here is the concluding part of the article:
How to take advantage of LEVERAGING:
Here, you will regularly examine
the results you get from the investment of your time and money. Leverage to
produce high-impact results is attained through support people, automation,
outside specialists, smart delegation and shrewdly managed priorities. Many
entrepreneurs are still operating under the mistaken belief that results are in
direct proportion to how hard they work.
This is why it's so important to
make wise decisions about how you invest time and energy. Why do you feel that
there's more to do than you can possibly do? Because there IS more to do than
you can possibly do. You must make choices. Often very difficult choices.
It is imperative that you are
doing the right things, every bit as much as doing things right. You've heard
of the 80/20 rule -- 20 percent of all activities will produce 80 percent of
the meaningful results.
Friday, 31 May 2013
Six Strategies for getting BREAKTHROUGHS in YOUR Business
Here is the continuation of yesterday's article by Gary Lockwood, enjoy.
Take meaningful TACTICAL ACTION:
These processes ensure that your
actions and decisions are aligned with your values and vision. You will set
critical milestones, success yardsticks and key tracking indicators so you will
achieve your goals faster and easier.
To be goal directed, you need
goals. Set aside a couple of hours this week to contemplate your 3 or 4 or 5
major business goals for the remainder of the year. Don't get hung up on the
small stuff. Look beyond today and this week and this month. Picture yourself
on December 31 reflecting on the significant accomplishments of the year. What
will have had to happen to make you happy with your progress, professionally
and personally?
Thursday, 30 May 2013
How to Stand Out and Dominate Your Competitive Market (From Early to Rise Articles)
As we went up for the last and final drop, I felt the grip on my hand
tighten up like a vice. A second later we dropped fourteen stories
straight to the bottom.
It was an epic moment and one that I’ll never forget.
This was the first time that my five-year old daughter Chloe had gone on the Tower of Terror attraction at Disneyland, although judging by her grip on my hand, it may also have been the last.
But that won’t stop us – and hundreds of thousands of others – from visiting the park at least once a month. In fact, Disneyland and its sister park California Adventures packs in 105,000 people on a weekend day who spend money like it’s going out of style.
Now there’s something special about Disney. Both parks are kept spotless and in tip-top shape year-round. Disney spares no expense at delivering the “magic.” It truly is the happiest place on earth, as your kids will attest to if you’ve ever had the chance to take them.
You and I might think that the $89/person price point (per park, by the way) would be too much for a family to spend just for a day at an amusement park. But that’s where you’d be wrong, because Disneyland is unlike any other park you’ve ever been to or will ever go to.
It was an epic moment and one that I’ll never forget.
This was the first time that my five-year old daughter Chloe had gone on the Tower of Terror attraction at Disneyland, although judging by her grip on my hand, it may also have been the last.
But that won’t stop us – and hundreds of thousands of others – from visiting the park at least once a month. In fact, Disneyland and its sister park California Adventures packs in 105,000 people on a weekend day who spend money like it’s going out of style.
Now there’s something special about Disney. Both parks are kept spotless and in tip-top shape year-round. Disney spares no expense at delivering the “magic.” It truly is the happiest place on earth, as your kids will attest to if you’ve ever had the chance to take them.
You and I might think that the $89/person price point (per park, by the way) would be too much for a family to spend just for a day at an amusement park. But that’s where you’d be wrong, because Disneyland is unlike any other park you’ve ever been to or will ever go to.
Six Strategies for getting BREAKTHROUGHS in YOUR Business ( By Gary Lockwood)
Are you?
- Getting all you desire from your enterprise?
- Progressing in your professional practice as much as you desire?
- Satisfied that your job/career gives you everything you want?
"You don't drown by falling in the water;
you drown by staying there."
Edwin Louis Cole
Wealth.... Quality of Life.... Satisfaction... Fun....
Many of the CEOs, business
owners, entrepreneurs and professionals that I coach have come to me because of
that feeling that "there must be more than this". Most are
successful, yet have the feeling that they are working harder and are less
satisfied. Many were trying to develop a balance between their personal and
professional lives.
Monday, 27 May 2013
Test Marketing Your Product or Services (by Brian Tracy)
I got this from Brian Tracy and I believe it is a great one.
There are many questions you
might have if you are testing your product or service in a specific
market. How do you test market a product or service? How do you find out
if people are actually going to buy it?
First, make or get a prototype.
Create or get a sample. If it's being manufactured somewhere else, get a
sample of it. If you're going to manufacture it your self, create a
prototype so that you can show it, demonstrate it, photograph it. So
that you can let people see it, touch it, feel it, and get an opinion
from it.
Sunday, 5 May 2013
Business Success: Business Success: THE GREATEST BUSINESS SECRET
Business Success: Business Success: THE GREATEST BUSINESS SECRET: Business Success: THE GREATEST BUSINESS SECRET : The Purpose of a Business What is the purpose of a business? To make profit? To satisfy t...
Tuesday, 30 April 2013
Business Success: THE GREATEST BUSINESS SECRET
Business Success: THE GREATEST BUSINESS SECRET: The Purpose of a Business What is the purpose of a business? To make profit? To satisfy the financial goal of the investors? Wrong!...
THE GREATEST BUSINESS SECRET
The Purpose of a Business
What is the
purpose of a business? To make profit? To satisfy the financial goal of the
investors? Wrong!
The purpose
of a business is to win CUSTOMERS! And any business that fails to realize this
will soon close shop.
Your Customer, your Business
The
importance of customers to a business is like the importance of the heart to a
human life.
A business
exists in the first instance because there is a particular customer need that
is not been met satisfactorily
It is
suicidal for any business to forget this!
THE GREATEST BUSINESS SECRET
The Purpose of a Business
What is the
purpose of a business? To make profit? To satisfy the financial goal of the
investors? Wrong!
The purpose
of a business is to win CUSTOMERS! And any business that fails to realize this
will soon close shop.
Your Customer, your Business
The
importance of customers to a business is like the importance of the heart to a
human life.
A business
exists in the first instance because there is a particular customer need that
is not been met satisfactorily
It is
suicidal for any business to forget this!
Tuesday, 16 April 2013
The Easiest, Simplest way to Success (The success secret of the Very Successful)
Looking at the very successful, there is a particular way
they do things, a particular way they think.
Now, someone has said success is predictable, in other
words, if we understand how the very successful think and act, all we need to
do is to copy them and pronto! We become successful too!
I want to take a very crucial part of the thinking pattern
of the very top success and make you see how you can copy it and apply it to
your life and business.
I call this Visioning. The very
successful are great visionaries. They visualize what they want, they visualize
the process to get there, and they focus on it exclusively. They see it as real,
they look at it from all angles, and they write it down in detail.
What does this means to your business?
Wednesday, 10 April 2013
Business Success: How to Make Money Big in Your Business
Business Success: How to Make Money Big in Your Business: How do you make money in your business? Now let us face it, all of us want our business to be successful, in fact we want it to be the ...
How to Make Money Big in Your Business
How do you make money in your business? Now let us face it,
all of us want our business to be successful, in fact we want it to be the best
and of course we desire to strike it rich in our business! The good news is
that all these desires are perfectly normal and achievable.
What if I tell you there is just one activity that will make
you all the money in your business? Yes, Just one activity!
Now that will really simplify things don’t you think?
Suddenly you are clear about what you should focus on. You are sure of what
activity you should concentrate on.
Friday, 5 April 2013
How to Have A Professional Company/Business Profile
Sometimes you need a professional company/business profile that
represents what and who your company is. A company profile is like the
resume of a company, it gives your company a life of its own, in fact a
well written PROFILE will serve as a road map for your business!!!
Generally, your company profile will include brief introduction of the company, what you do and how you do it, your mission statement, vision statement, your services and the detail of those services.
It also includes your clients and the profile of your team members.
Remember your company profile is the image of your company, it helps to project what you are to your potential customers and it serves as a great road map to guide you in your business endeavor. It is a job that must be well done if you do not want to look cheap, unprofessional or incompetent to your customers/clients.
If you want a very professional company/business profile that will be competently written you can contact me on 08035286188.
We also write Business Plan, Product Brochure, Sales Letter etc. We are good at what we do and we give you Money Back Guarantee if you are not satisfied.
Generally, your company profile will include brief introduction of the company, what you do and how you do it, your mission statement, vision statement, your services and the detail of those services.
It also includes your clients and the profile of your team members.
Remember your company profile is the image of your company, it helps to project what you are to your potential customers and it serves as a great road map to guide you in your business endeavor. It is a job that must be well done if you do not want to look cheap, unprofessional or incompetent to your customers/clients.
If you want a very professional company/business profile that will be competently written you can contact me on 08035286188.
We also write Business Plan, Product Brochure, Sales Letter etc. We are good at what we do and we give you Money Back Guarantee if you are not satisfied.
Sunday, 31 March 2013
Business Success: Your Business Success Depends on This!
Business Success: Your Business Success Depends on This!: Successful organizations, those ones that are far apart from the competitors know that to continuously be at the top, performance evalu...
Your Business Success Depends on This!
Successful organizations, those ones that are far
apart from the competitors know that to continuously be at the top, performance
evaluation must be a constant part of their strategy.
It is the same for every successful entrepreneur! In
fact it is so crucial to the growth of your business that you should go to a
great length, to ascertain exactly how your business is doing!
What are those things we need to measure in
evaluating our business performance? We need to look at our core customers,
we need to know how many they are? Where are they? What is their likes? ; we
may want to look at it weekly, monthly, or quarterly, whatever the case may be,
it’s a key performance indicator. We need to look at our new customers
or those buying for the first time, how did they hear about us? Which of our
marketing efforts brought them in? How can we ensure they become core customers
who buy again and again?
We need to look at our financial performance,
are we close to the financial goal we set at the beginning of the financial
year? We should look at our cost center, the cost elements and the cost
structure, are they still within the limits? Is there any dummy in our cost
structure? Can we effectively reduce or eliminate any cost dummy? It could be
an eye opener and we may be surprised at what we could add to our bottom line
by merely doing proper analysis of our cost structure!
All these can be very daunting, and frankly, that is
why many business owners run from real analysis. Some do not know where to even
start at all, especially if the business is a bit large.
This necessitate that you keep adequate records of
every transactions and financial dealings in your business.
Truth be told, without analysis, there is no way you
can see how you are doing! There is no way you can know which of your efforts
is paying off, there is no way you can measure your performance over a period
of time.
It is a big issue! To grow a business, an
entrepreneur must take this seriously.
Good news is that you do not need to spend huge
amount of your scarce resource to get the performance done!
There are
so many relatively low price CRM tools out there that will help you solve this
just at a click of a button.
Why don’t
you determine that you are going to be on the top of your game? Decide to do
good analysis of your performance in these core areas. Let me reiterate them
here:
- Your Core Customers
- Your New Customers
- Financial Performance
- Your Cost Center
- Your Cost Structure
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