Showing posts with label success. Show all posts
Showing posts with label success. Show all posts

What sets Entrepreneurs apart?

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I have met a couple of hundred business people and met a couple of hundred others.

They are not all the same. They have diverse characters and identities.

There are a few qualities that the fruitful business people offer.

They see something that others don't.

They have faith in something that nobody else does.

They are not hesitant to commit a few errors.

They don't see an error as a disappointment.

They don't see a disappointment as the end.

They frequently do things for what shows up absolutely silly to 'intelligent personalities'.

It is safe to say that you are a business person?

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FOOLS & EXPERTS ON CREATIVE PROBLEM SOLVING TEAM


P T Barnum - Showman


Phineas Taylor P. T. Barnum (July five, 1810 – Apr seven, 1891) was associate yank booking agent, bourgeois, scam creative person and somebody, remembered for promoting celebrated hoaxes and for start the circus that became the Charles Ringling Bros. and P. T. Barnum & Bailey Circus.

P T P. T. Barnum died quite one hundred years agone and that we still quote him and base several business practices on his recommendation. several people will learn abundant from his words.

Here area unit some lasting insights excerpted from his book, "The Art of Money-Getting" or "Golden Rules for creating Money".

Those who very need to realize associate independence, have solely to line their minds upon it, and adopt the correct means that, as they are doing in relevancy the other object that they want to accomplish, and also the factor is well done.

But but simple it should be found to form cash, I even have little question several of my hearers can agree it's the foremost tough factor within the world to stay it. The road to wealth is, as Dr. Franklin really says, "as plain because the road to the mill." It consists merely in disbursement but we tend to earn; that appears to be a really easy downside.

Mr. Micawber, one in every of those happy creations of the genial Dickens, puts the case in an exceedingly sturdy lightweight once he says that to own annual financial gain of twenty pounds every year, and pay twenty pounds and coin, is to be the foremost miserable of men; whereas, to own associate financial gain of solely twenty pounds, and pay however nineteen pounds and coin is to be the happiest of mortals.

Many of my readers could say, "we perceive this: this can be economy, and that we grasp economy is wealth; we all know we will not eat our cake and keep it additionally." however i urge to mention that maybe a lot of cases of failure arise from mistakes on now than virtually the other. the very fact is, many of us assume they perceive economy after they very don't.

True economy consists in perpetually creating the financial gain exceed the out-go. Wear the previous garments alittle longer if necessary; dispense with the new combine of gloves; mend the previous dress: live to tell the tale plainer food if would like be; so, underneath all circumstances, unless some unforeseen accident happens, there'll be a margin in favor of the financial gain.

A penny here, and a greenback there, placed at interest, goes on accumulating, and during this means the specified result's earned. It needs some coaching, perhaps, to accomplish this economy, however once once wont to it, you may notice there's a lot of satisfaction in rational saving than in irrational disbursement.

Here could be a direction that I recommend: I even have found it to figure a superb cure for extravagance, and particularly for mistaken economy: after you notice that you simply don't have any surplus at the tip of the year, and however have a decent financial gain, i counsel you to require a couple of sheets of paper and kind them into a book and shave each item of expenditure.

Post it on a daily basis or week in 2 columns, one headed "necessaries" or maybe "comforts", and also the alternative headed "luxuries," and you may notice that the latter column are going to be double, treble, and often 10 times larger than the previous.

The real comforts of life value however atiny low portion of what most people will earn. Dr. Franklin says "it is that the eyes of others and not our own eyes that ruin America. If all the planet were blind except myself I shouldn't take care of fine garments or article of furniture." it's the worry of what Mrs. Grundy could say that keeps the noses of the many worthy families to the stone. In America several persons wish to repeat "we area unit all free and equal," however it's a good mistake in additional senses than one.

Who's Responsible for Your Success?

The 10 Reasons Why you do not Sell the maximum amount as you may (or Should)
and What to try to to regarding It

Be real honest with yourself: square measure you merchandising the maximum amount as you may ... or the maximum amount as you should? If you have got that imprecise and uneasy feeling that perhaps you may be doing higher however you are not exactly sure why you are not, then this text may offer you some abundant required perspective


1. You lack product data
You might not be excelling at merchandising as a result of you lack product data. perhaps you are unaccustomed the duty. perhaps you haven't been diligent in learning a lot of regarding your product and services.

Here's the good news: you can readily fix this. Learn your products inside out. Review brochures, manuals, white papers, special reports. scan trade magazines. Subscribe to trade e-newsletters. Visit competitive websites. Find a savvy mentor. decide your boss's brain. Do one thing. Invest a number of additional hours per week. Eat lunch at your table and browse. keep and additional 0.5 hour. Take stuff home.

2. you do not use the talents that you simply got once trained
You might not be merchandising to the degree that you simply would love as a result of you're NOT victimisation the talents you were schooled in coaching. the difficulty with learning new skills and techniques is that it suggests that dynamical your merchandising behaviour. most of the people resist modification though that modification suggests that higher results.

This is straightforward enough to repair too: notice somebody that may act as an instructor, a cheerleader or conscience. most frequently it is your manager. have interaction him or her. decision them to task. Get trained once more if necessary. Get them to watch your calls and analyze what you're doing well and not thus well. Get them to pat you on the rear or kick you on the backside. Do one thing and begin applying what you learned.

3. You abuse the talents that you simply came coaching
You may not be an honest merchant as a result of you 'abuse' what you learned. this can be totally different from #2 wherever you do not use ANY of the new skills. during this case, you do not use what you learned well. you have got diluted, modified or altered the merchandising skills and techniques; you go 0.5 way; you chop a corner or 2... or three...or four; you do not follow through; you have whittled away a maneuver. you'll not even understand it.

The best factor to try to to is get yourself an instructor - a manager, a friend, a mentor, Associate in Nursing outsider- to objectively listen and analyze your calls. Be hospitable their remarks. Get coaching. Get your manager to supply constructive feedback.

4. You lack expertise.
You're unaccustomed sales. you have simply return off coaching. You haven't created enough calls to induce an entire sympathize with your merchandising surroundings. You haven't dealt enough with customers or prospects. You haven't had enough victories or defeats. You lack the expertise that solely comes with time and energy. You lack the degree work that gives insights, confidence and savvy.

The solution? do not quit. Keep plugging away. Keep a log book of experiences. Jot things down. Chat with others. Learn. Store those experiences somewhere. Above all, make certain to stay dialling. you may learn by doing. Mistakes square measure nice teachers; thus square measure successes. Push yourself.

5. You quit early on
Speaking of quitting: you would possibly not be as thriving as you may be just because you quit early on otherwise you too simply. Quitting suggests that any variety of things. It suggests that stopping Associate in Nursing activity in need of completion. for example, rather than creating seventy dials you quit at fifty five. rather than creating four or 5 follow up you quit at one or 2. If a chance says 'no' after you raise the sale rather than querying more you crumble sort of a house cards and suspend up.

What's the answer? cheer, baby! Grow a spine. do not be a wimp. Push somewhat more. Push somewhat tougher. It will not hurt somewhat and it'll facilitate your sales.

6. you would like Associate in Nursing perspective adjustment
Attitude will be a true sales killer and it's going to be holding you back from extraordinary results. Look, if you do not like your boss; if {you're|you square measure} convinced your costs are "always" too high; if you are feeling your list is lousy; otherwise you suppose that your competition includes a higher product, an improved provide, higher terms ... whatever; then quit. do not waste from now on of some time.

Or, instead, you'll be able to modification your perspective. It's as easy as that. build a selection. Negative thoughts and beliefs can hold you back from succeeding. thus here's what to try to to. Stop whining. Stop blaming and finger inform. And specifically, stop excusing yourself. Your sales success is YOUR responsibility.

Here's what you ought to do: grab a yellow sheet of paper and a red marker. Write these words on that in massive letters, "So, what am I progressing to do regarding it?" Post it wherever it'll continually be visible. after you feel yourself taking place the self pity path, look into the poster and factor regarding solutions or labor.

7. you are contented 
You might not be merchandising the maximum amount as you may or ought to thanks to satisfaction. It suggests that you're content, even perhaps contented  regarding your sales results. you are pleased with what you're creating and achieving. this can be not essentially a foul factor provided you're meeting or exceptional your objectives.

The only bother with satisfaction is that it is a slippery slope. It gets straightforward to prevent doing the items that created you thriving...and you do not know it. in the future you rouse and you are behind the sport. satisfaction is common and it creeps abreast of everybody from time to time.

The good news is that satisfaction is comparatively straightforward to repair. Push yourself daily by attempting one thing new or setting tougher objectives. build ten a lot of calls. Push for an added sale. Get in quarter-hour earlier. Prospect a 0.5 hour longer. keep Associate in Nursing hour later once per week.

8. you are lazy
Ouch! Being lazy is totally different than being contented . Lazy is many steps past satisfaction. Laziness is knowing what to try to to however consciously selecting to not sleep with. And excusing it. Laziness is seeing what must be done and ignoring it.

No one likes to admit that he or she is lazy however if your sales square measure down and they have been down for a short while, you would like to possess somewhat 'heart-to-heart' with yourself. solely you'll be able to answer the question. As for the solution; it's axiomatic.

9. you do not invest in yourself
Your sales may not be wherever you would like them as a result of you have got done very little or nothing to assist get yourself to ensuing level. You haven't endowed the time or the cash for self-reformation. that you simply MEasure} reading this text could be a sensible begin however let me raise, have you ever bought a book or DVD on sales within the last six months? have you ever thought of hiring a coach? the instant you invest a number of greenbacks of your own cash is that the moment you have got one thing to lose. it's additionally the instant you would like Associate in Nursing ROI. You produce risk with Associate in Nursing investment.

Next step? Visit a bookshop in the future on. Browse the promoting and sales selves. notice one thing to shop for and browse. Then schedule a 0.5 hour each day or some of hours per week to scan and learn new techniques. (Not positive what to buy? See "I advocate "Smart Calling" - see the column below for a lot of information)

10. you do not have the talent
Maybe your sales are not thus nice as a result of you lack the talent. Talent is Associate in Nursing inherent ability to try to to well or a minimum of, to an adequate degree. Not everybody has it. i can not dance a lick. I actually have NO talent for it. cannot sing either. Wasn't blessed it. Golf? I play however it is a torture to look at.

Some individuals are not cut bent be sales individuals as a result of they do not have the talent. If you have got tried everything recommended here, if you have got affected from sales job to sales job and haven't been 'successful' then perhaps you do not have the talent. perhaps you ought to locomote to one thing else. No shame therein. decision it a flash of truth however it may build your life an entire ton a lot of pleasant.

Summary
If you haven't gathered by currently, your success is up to you. it is your selection. guaranteeing selections isn't continually straightforward however it's the sole path to sales success. select showing wisdom.

Motivational Chicken and Egg

You know the old conundrum, “What came first, the chicken or the egg?”
One leads to other and one can exist without the other.

Well a similar conundrum exists when it comes to motivation. The question is, “What comes first the motivation or the motion?” Motivation and motion are closely related and interdependent. The words come from the same root. Certainly motivation leads to motion and motion builds motivation.

What comes first? It doesn’t really matter. When you feel motivated you will move into action – motion. When you are in motion already you will feel motivated – motivation. So if you don’t feel motivated – move. Do something. Start something. Get yourself into motion and you will start to feel more motivated. Doing things motivates. Resting seldom motivates you. Yes everyone needs a break but “break” is relative and a good break can just be a change.

When you want to feel motivated – move. Put yourself into motion. You might be surprised at how motivated you feel. We feel most motivated just after we have completed a tremendous task. Right after I finish a marathon I feel like I can run another (not right away of course).

So when you need some motivation – move. Try your happy dance.


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How do Entrepreneurs make Critical Decisions?


Entrepreneurs don't seem to be essentially logical creatures. a minimum of they could not seem that thanks to others. To them it all makes good sense.

So however do entrepreneurs build vital decisions?

Often it's supported their instinct or Gutfeeling. Peter Urs Bender talks regarding this in his book ‘Gutfeeling’.

Sometimes it's a adjustment within the abdomen that says no. or even it's a precise internal voice that whispers “yes”. associate degree unexplained image that shouts charge ahead. A shiver that warns, “Don’t trust this person”. A dream that opens a replacement door.

We don't seem to be logical beings though we tend to faux to be. Entrepreneurs appear to be additional willing to faucet into the non-logic aspect quite others.

I keep in mind the instant I created my radio show. i used to be sitting in an exceedingly radio studio waiting to be interviewed. I had a number of minutes thus I looked round the studio. At that moment the limited voice in my head aforementioned, “I may do that. I may host my very own radio show.”

I had no expertise, contacts or set up. I simply knew that i'd build it happen.

My radio show has been with success running for 9 years – all thanks to that small voice. hear your Gutfeeling.

The forever recession (and the coming revolution)

From Seth Godin

There are actually two recessions:

The first is the cyclical one, the one that inevitably comes and then inevitably goes. There's plenty of evidence that intervention can shorten it, and also indications that overdoing a response to it is a waste or even harmful.

The other recession, though, the one with the loss of "good factory jobs" and systemic unemployment--I fear that this recession is here forever.

Why do we believe that jobs where we are paid really good money to do work that can be systemized, written in a manual and/or exported are going to come back ever? The internet has squeezed inefficiencies out of many systems, and the ability to move work around, coordinate activity and digitize data all combine to eliminate a wide swath of the jobs the industrial age created.

There's a race to the bottom, one where communities fight to suspend labor and environmental rules in order to become the world's cheapest supplier. The problem with the race to the bottom is that you might win...

Factories were at the center of the industrial age. Buildings where workers came together to efficiently craft cars, pottery, insurance policies and organ transplants--these are job-centric activities, places where local inefficiences are trumped by the gains from mass production and interchangeable parts. If local labor costs the industrialist more, he has to pay it, because what choice does he have?

No longer. If it can be systemized, it will be. If the pressured middleman can find a cheaper source, she will. If the unaffiliated consumer can save a nickel by clicking over here or over there, then that's what's going to happen.

It was the inefficiency caused by geography that permitted local workers to earn a better wage, and it was the inefficiency of imperfect communication that allowed companies to charge higher prices.

The industrial age, the one that started with the industrial revolution, is fading away. It is no longer the growth engine of the economy and it seems absurd to imagine that great pay for replaceable work is on the horizon.

This represents a significant discontinuity, a life-changing disappointment for hard-working people who are hoping for stability but are unlikely to get it. It's a recession, the recession of a hundred years of the growth of the industrial complex.

I'm not a pessimist, though, because the new revolution, the revolution of connection, creates all sorts of new productivity and new opportunities. Not for repetitive factory work, though, not for the sort of thing ADP measures. Most of the wealth created by this revolution doesn't look like a job, not a full time one anyway.

When everyone has a laptop and connection to the world, then everyone owns a factory. Instead of coming together physically, we have the ability to come together virtually, to earn attention, to connect labor and resources, to deliver value.

Stressful? Of course it is. No one is trained in how to do this, in how to initiate, to visualize, to solve interesting problems and then deliver. Some see the new work as a hodgepodge of little projects, a pale imitation of a 'real' job. Others realize that this is a platform for a kind of art, a far more level playing field in which owning a factory isn't a birthright for a tiny minority but something that hundreds of millions of people have the chance to do.

Gears are going to be shifted regardless. In one direction is lowered expectations and plenty of burger flipping. In the other is a race to the top, in which individuals who are awaiting instructions begin to give them instead.

The future feels a lot more like marketing--it's impromptu, it's based on innovation and inspiration, and it involves connections between and among people--and a lot less like factory work, in which you do what you did yesterday, but faster and cheaper.

This means we may need to change our expecations, change our training and change how we engage with the future. Still, it's better than fighting for a status quo that is no longer. The good news is clear: every forever recession is followed by a lifetime of growth from the next thing...
Job creation is a false idol. The future is about gigs and assets and art and an ever-shifting series of partnerships and projects. It will change the fabric of our society along the way. No one is demanding that we like the change, but the sooner we see it and set out to become an irreplaceable linchpin, the faster the pain will fade, as we get down to the work that needs to be (and now can be) done.

This revolution is at least as big as the last one, and the last one changed everything.


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Ken Tencer – SpyderWorks Audio Interview

Listen to the radio interview with Ken Tencer of SpyderWorks.

Interview with Ken Tencer, CEO of SpyderWorks & co-author of “The 90 Percent Rule”
SpyderWorks is a strategic design firm. They are “stratical” – a blend of strategic and tactical.

——————-

Insights from this interview with Ken Tencer

The 90% rule is based on doing the things that you are 90% capable. That lowers risk and cost.
I came from a family of entrepreneurs and always believed that I would be and entrepreneur.
The book is perfect for anyone who wants a practical way to grow their business.
The risk test is – could it put me out of business?
Don’t try to hit home runs.
Look for what the next 10% can offer you.
It’s not necessary to invent anything.




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Success Insights: It's not for everyone

Enjoy these thoughts on the topic of success. You don't need to agree. But it might be good to at least reflect on these thoughts.


Maturity is the result of experience, pain and reflection. If you are not yet mature enough – at least one of those is lacking.


Maturity is not a position. It is not an age. Maturity is a process. You will never be fully mature. You can only be on the maturity line.


The one thing that we all have in common is pain. Yet each of our pains is different. I might not understand your pain and you might not appreciate mine. Doesn’t that make us more alike than different?


Many people misunderstand the concept of balance. It doesn’t mean that your life should be balanced. It means that if you want more of one thing you must give up something else. It’s never equal and never balanced. It is give and take.


We often ask children, “What do you want to be when you grow up?” But we neglect to ask, “What are you willing to give up for that?”


Wisdom is not built on information. Wisdom is the result of questioning and reflection.


Confidence is not about knowing everything. Confidence is about being comfortable with not knowing what will happen next.


The best conversationalists ask good questions and listen.


Anybody can answer a good question. It takes a thoughtful person to ask a good question. When was the last time that someone said to you, “That’s a good question.”? Perhaps you need to work on your questions.


Simple is not the same as easy. Many people mistakenly equate the two and than become disappointed when simple is not easy.


Running a marathon is simple. First you move the left foot and then you move the right foot. Simple but not easy – because you need to do it 30,000 times.


The more challenging the obstacle the simpler your strategy needs to be.


Success is the result of doing little things consistently well over time.


George Torok

Motivational Business Speaker

Professional Speaker



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Beware of The Lowest Common Denominator

Common sense is not common enough. That’s why we have rules and laws. They are made for the lowest common denominator – those who don’t have enough common sense.

Don’t drink and drive. That’s just common sense. Yet we need a law that states that and corresponding punishments because some people don’t understand the common sense. They are the lowest common denominator. The law is for them.

Don’t drive more that 50 km above the speed limit because that is extremely unsafe. That’s common sense, right? Think about that. Don’t drive 100 in a 50k zone. Don’t drive 130 in an 80k zone. Don’t drive 150 in a 100k zone. Why is that so difficult to understand? Yet we need a special law for the lowest common denominator.

Don’t talk on your cell phone when driving your car. I was annoyed when this law was first proposed. How dare they tell me what to do in my car? I drive safely when I use my cell phone. Then I noticed all the other idiots using their cell phones while driving. I now agree that we need the law because of the lowest common denominator.

The next time that you run into a rule or law that annoys you, ask yourself two questions, “Is this for the lowest common denominator?” and “Am I guilty of being that lowest common denominator?”

If you aren’t the LCD then be thankful that someone is doing something constructive about the other idiots who are messing things up for the rest of us.

If you are the LCD – please wise up and save the rest of us some grief.


George Torok

Host of Business in Motion

List to Business in Motion Podcasts

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Evan Carmichael Inteview

Interview with Evan Carmichael, founder of EvanCarmichael.com – the online magazine for entrepreneurs. The site receives nearly 600,000 visitors per month. It has the world’s largest collection of interviews and stories about famous entrepreneurs.

Insights from the interview with Evan Carmichael:

“Donald Trump was our biggest target.”

“Entrepreneurs are arsonists, they like to light fires.”

“If you only had 24 hours to work on your business – don’t spend it all in one day. Instead spend one hour a day for 24 days.”

“If you check email in the morning, it ruins the rest of your day.”


Listen to the interview with Evan Carmichael

Listen to Business in Motion on iTunes

Business in Motion FaceBook page


George Torok

Host of radio show, Business in Motion

Motivational Business Speaker



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Small business banking

Small business banking at your fingertips

http://small-business-banking.com/

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http://small-business-banking.com/

10 Insights (Ah Ha's) on Creative Problem Solving

Approach creative thinking and creativity with these 10 tips and ideas. Watch for the bonus.




George Torok

Creativity Catalyst

Creative Problem Solving



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Drive The Surprising Truth About What Motivates Us

by Daniel H. Pink
book review by Ian Cook

In his new book Dan Pink accomplishes two outcomes really well:
He consolidates some major social science research around human motivation into clear, straightforward discoveries

He challenges the current thinking and practice in the vast majority of our organizations.The Great DebateAm I motivated in my work primarily through what I receive from the organization and the key players around me or through the fulfillment of needs and desires that reside within me?

These are the dueling positions of extrinsic vs. intrinsic motivators that have fueled a debate in psychology over the last eighty-plus years.

On the one hand you had B.F. Skinner who saw all behavior as a pure stimulus-response mechanism and F.W. Taylor who studied the physical micro movements of a laborer to determine the optimum way to work with minimal variation or “interference” from the worker’s mind. According to their school of thought, rewards and punishment, or what Pink calls “Motivation 2.0,” are the only way to get people to maximize their productivity. (“Motivation 1.0,” by the way, is triggered by our very basic need for food and other necessities for our survival.)

On the other side of the debate are professors Edward Deci and Richard Ryan and others, like Pink, who claim Motivation 2.0 strategies don’t work for most new jobs that are emerging today and into the future. Rewards and punishment cause our minds to focus very narrowly on accomplishing the immediate task. But narrow focus doesn’t serve us well in the new jobs being created that require us to see patterns, work with concepts, address meaning, and come up with alternative strategies in a world of constant churn.

Furthermore, Deci and Ryan’s research confirms that, except for routine, mindless jobs, additional money will spur, at best, a brief uptick in performance. Then motivation actually starts to fall (“What have you done for me lately?”).

Clearing the Decks for Intrinsic MotivationMoney both is and isn’t a motivator! As Frederick Herzberg showed us decades ago, if you don’t provide (perceived) “fair” salaries and benefits your people will be demotivated. But pay them enough, plus a bit more, and they still won’t be motivated. They just will be no longer demotivated. Dan Pink calls this “taking money off the table.”

But now these adequately remunerated employees are ready for what the author calls “Motivation 3.0.” Instead of rewards and sanctions applied by bosses and companies, intrinsic (i.e. internal) motivators kick in. Pink’s research reveals three such motivators:
Autonomy – the freedom to have significant control over how you do your work to generate the performance results to which you agreed

Mastery – the opportunity to get continually better at something that matters to you. This is an elemental human desire

Purpose – having your work contribute to the well-being of people or to outcomes beyond your own self-interest

Why I like this book.
I recommend Drive to managers because of its clarity, its easy reading–the author writes with a journalist’s flair–and especially because of its message.

A sizeable majority of our governments, service organizations and private sector enterprises are mediocre and, in some cases, toxic places to work. If we are to turn these into great places to work, leaders have to take a good look at their beliefs about what motivates people. All too often, their assumptions that determine their management style are out-of-date and counter-productive for a 21st century world.

As Dan Pink presents so well, the verdict of science is in. Managers have to let go of their need to control the behavior of their staff. They have to realize that human beings, in all their infuriating and marvelous complexity, cannot be manipulated into performing better. But employees most definitely can be enrolled. You do this by providing a work experience that gives them the latitude to grow and to make a difference.

What’s missing for me.
The author covers a huge topic in his book. That said, there are three areas I would have liked him to address:

How you do motivate people in jobs where any opportunity for variety and creative expression has been designed out of them? Toll booth operators, ditch diggers and, of course, burger flippers come to mind. And then there are those jobs where a strong union will not agree to any deviation from rigid, collectively bargained job duties.

For the manager who sincerely wants to motivate his or her staff, the fixed design of jobs and work processes, as well as externally bargained work rules, represent the “elephant in the room.” So often managers’ hands are tied, yet they are still expected to produce solid results and create a satisfied employee group.

What does the science have to say about sales people? Monetary rewards linked to sales quotas are the fuel these people run on. I know there is the personal satisfaction in closing a deal but the scoreboard of choice remains money.

What role do employees themselves play in the preservation of Motivation 2.0? I teach in my own presentations that deep within almost all of us is the desire to make a difference, to have the work we do each day matter in some way to some people. That said, ask most employees what is missing for them in their work and their gut reply will be “more money.”Not only do the assumptions and beliefs of managers have to change. Employees must get in touch with their own need for autonomy, mastery and purpose, be aware when these elements are missing for them, and take responsibility for the level of work motivation they choose to have.

Dan Pink’s main thesis is that, despite the unassailable truths that have emerged from the field of social science and organizational behavior, when faced with the pressure to increase performance, most managers still fall back on the twin strategies of dangling more money or threatening negative consequences.

In Drive Dan is on a quest to raise our consciousness to this mismatch. He is a very good communicator and I believe he will transform a lot of managerial minds.

------------------
Ian Cook, presenter and consultant, works with managers who want to increase their effectiveness as a leader and build a stronger team.

To book Ian for a training seminar, team facilitation or keynote presentation, call toll-free at: (385-2786) or e-mail: Contact Us

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Saturn, A Good Idea not allowed by GM to flourish

Innovation is never enough by itself. This article in Forbes - How GM Destroyed Its Saturn Success, by David Hanna - explains what went wrong at Saturn.

"A lesson in how to win at innovation in even the most traditional company--and then how to crush that innovation."
---------------
I remember talking with an official from Saturn in the nineties. I was excited about what they were doing then and quite optimistic about their future. The biggest innovation that I saw was the partnership between labor and management.

From my dealing with GM in the eighties as material manager for a just-in-time supplier, I witnessed first hand how both management and labor at GM were messed up.

There were many bad management decisions from GM. That included poor planning and the resultant knee jerk decisions to put band aids on problems.

GM visited our plant often and I visited their operations several times. During one of my visits to a GM plant a GM engineer was explaining a packaging idea for the parts that we supplied to them.

The engineer wanted to show me what they were using for another product. So we approached a production line that was machining small parts for transmissions. He pointed out the plastic trays that they used to hold the finished parts and prevent them from being damaged. Each plastic tray was similar to an over-sized egg cartoon holding about 20 finished parts.

The trays in front of us were full of parts so the engineer asked the production worker, "Do you have an empty tray that we could have?"

The production worker looked at the engineer, then calmly picked up a tray full of finished parts, dumped the parts in a scrap bin and gave the tray to the engineer.

The engineer and I looked at each other in shock, shook our heads and returned to his office.

My first three cars were GM. I've never even considered buying GM since.


George Torok

Business Speaker


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20 Essential Resources for Your Current Career or Your Next

Here is a helpful list of resources for managing and growing your career.

"The work place is ever changing and you don’t want to get passed up for a raise or get laid off for becoming a stale employee. Click on the links below to be part of the cutting edge and show your boss and co-workers you are looking ahead and ready for anything. Or if you are unemployed, these sites will help you get ready for your next job."

20 Essential Resources for Your Current Career or Your Next


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THRIVING IN A RECESSION: Part 2

Thriving in a recession: Part 2
by Mark Elwood


WATCH YOUR CASH FLOW

Any business can run out of cash, even a profitable one. As an example, says marketing expert Ian Mishkel, small retailers can get pinched when they have to buy inventory that does not turn into cash for a while. Cash is king, so plan your cash flow. Start with a simple spreadsheet. In columns across the top, enter the months of the year. In the rows down the side enter your sources of revenue. Below these, list all your major expenses into the future. Be sure to include your own salary, plus a provision for taxes, as well as reserve funds. At the bottom subtract expenses from revenues each month to obtain your month-end balance. This becomes your opening amount for the next month. It sounds basic, but few entrepreneurs do it.

Under normal conditions, you might estimate about three months out. In tougher times, consider projecting your cash for up to a year. At some point during this period, expenses will continue, but revenues will stop. Your projection will show a shortfall. That’s where you will need to dip into your savings, or take advantage of a line of credit. Include those in your cash flow. Then, any new business that comes in will be a bonus, and will reduce the need to dip into savings.

Here is what is important about this approach. By making a decision now that you will borrow six months from now, you remove the pressure of having to make a sale this month. The result is that you can remain cool and calm, knowing that your cash flow plan will sustain you through the year. This minimizes short term worrying. As Toronto based chartered accountant Rubin Cohen says, “When you maintain your composure, you are more successful than when you are desperate.”

BEWARE OF EXPENSE LEAKAGE

Financial planners such as Michael Chow from Stonehaven Financial Group and Derrick Lahey from RBC Dominion Securities warn about expense leakage. All the minor daily expenses that we pay little attention to create leakage. Together they can be a real burden, because nothing adds up to much, but everything adds up to a lot. Consider how much you spend on coffee, cigarettes, chocolate bars, muffins, road tolls, cell phone calls, your Blackberry, coffee, your cable bill, credit card interest, coffee, and newspapers. Oh, and did I mention coffee? When you track your expenses for a month, you will be surprised at the impact of small expenses. Cut out the things you thought were essential, but really aren’t.

There is a different kind of leakage at the other end of the financial scale – big expenses for the cottage, private school education, a second car, the kitchen renovation, membership dues at the club you rarely use, outstanding credit card debt, a home theatre, and many others. These are the big-ticket items that are harder to cut in the short term, but also create a financial strain.

The minor daily expenses are mostly just stuff. The big expenses are mostly just possessions. But what many people really want are the things that cost somewhere in the middle. They want more experiences in their lives. They want dinner dates, trips to the zoo, vacations, lunch with a friend, a day at the spa, and theatre tickets. Creating experiences is also about purchasing time for them by hiring others to free up time. Someone to clean the house, a virtual assistant to conduct clerical tasks, baby sitters, and handymen. By controlling the big expenses and the small ones, you’ll have more money for the medium-sized expenses that pay for great experiences. Do what you do best, and delegate the rest.

Another aspect to money management is saving. Are you having trouble putting money aside? Dump your coins into a jar at the end of each day. They will add up fast and you can use what accumulates for “mad money” – a special treat or a night out once in a while to celebrate.

SMILE AND BE GRATEFUL

When you look back at the past, there is often temptation to be regretful or wish longingly that things had turned out differently. Unfortunately, you create negative energy when you use phrases like these:
· “I should have cashed my stocks…”
· “I missed a chance to buy that house…”
· “If only I had followed his advice…”,
Regret drags you down. You should learn from you mistakes, not dwell on them.

Looking in the other direction towards the future, anxiety can be just as much of an energy drain:
· “I’m worried I won’t have enough money”
· “My health might not last.”
· “I might lose my job.”

Gratitude on the other hand, is appreciating what you have right here and right now. If you are healthy, if you have a family, if you have customers, and if you have friends, then you have everything to feel good about. Gratitude trumps regret and anxiety any time. So pause, reflect, and find joy in all that you have. The moment you are in now is pretty special. Remember – some day, these will be the good old days. Celebrate your success.

Thriving in business is about getting sales, but it is also about having a positive outlook. We are entrepreneurs. We make choices for ourselves. We choose our own path. We succeed where others can only wish. So go out and thrive. Do the things that are nourishing, productive and positive. And keep smiling. After all, your time is worth it.


Mark Ellwood is the president of Pace Productivity Inc., a consulting firm based in Toronto, Canada that shows employees how to gain three hours per week on their top priority activities.


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Richard Branson Interview


Richard Branson Interview

Enjoy this 30-minute video interview with Richard Branson of Virgin everything.

Richard Branson is head of the Virgin Group of Companies. Total income is $25 billion with 50,000 employees. He is a self made billionaire who started with nothing.

Richard Branson was not allowed to watch TV as a child. He left school at age 15 and he is dyslexic. That alone is enough reason to want to learn more about this man.

At 56 he is a long haired, blue-jeaned baby boomer, who pursues death threatening adventure yet pledges his love and support of his family and especially his children.

Sir Richard Branson was knighted in 1999 by the Queen of England even though one of his first successes 25 years ago was the promotion of the Sex Pistols – the first punk rock band that spoofed the Queen with their hit, “God Save the Queen”. I guess you could say that the Queen had a good sense of humor.

What I found most engaging about Richard Branson in this video interview is his self deprecating style, charm and ah-shucks presentation. Be warned! Sir Richard is not a great public speaker. He speaks with a lot of ums and ahs. His posture is self-conscious and uncomfortable. He is neither brash nor slick. Yet despite - or perhaps because of this - he is irresistible.

Sir Richard Branson readily admits his fears and mistakes and makes jokes about his mistakes and himself. He comes across as a person that you could easily enjoy a coffee, tea or beer with while discussing family, business and sports.

There’s no question in my book – Richard Branson is a mensch!
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