Article Check - Business

A Biography of a Great Entrepreneur - Sir Richard Branson
Sir Richard Branson was born on July 18th 1950 in Surrey, England. He was educated at Scaitcliffe School until the age of 13 and then attended Stowe School until the age of 15.By the age of 15 he had already started his entrepreneurial life by starting a small venture growing Christmas trees. This quickly failed when rabbits came in through the fence and ate them all. He then decided to breed budgerigars instead but this also failed when his mother finally got fed up with looking after them so let them all escape.Undeterred by these two failures Branson quit school at 16. He had also failed academically, partly due to being dyslexic and partly because he knew from an early age that academia just wasn't for him.At this point he moved to London and began the first of his many successful business vent

engths of the organization. Break down what you do well by division, function, even by individual. Share with others and teach where necessary. Be fruitful and multiply – applying your strengths to all aspects of your business.

Tip #3 Mine your existing resources

Do You Know the Difference Between Commercial and Executive Suites?
If you don’t, it could cost you a lot of money. Particularly if you’re a small business, start-up or a company looking for short-term office accommodations. At first glance you might say to yourself, “Executive suites sound way too expensive for my budget.” But don’t be fooled by a name. If you’re looking to set-up and staff an office, executive office space could save you as much as 70% over commercial office space. Executive suites go by several different names. They might be called: Shared Office Space Temporary Office Space Executive Office Space They all refer to the basically the same type of money saving, anti-hassle, easy to set up office space that can be found in most cities in the U.S. and even overseas. They are often located in prestigi

Growing companies must always be ready for the next challenge. If you fail in meeting critical business challenges you will not grow. Challenges often require some type of breakthrough. But do not be misled. A business breakthrough does not have to be something no one has thought of – it just needs to be a solution to your problem that you can act on now. Breakthroughs may involve simply finding the solution to a common, nagging problem or it may be nurturing a more complex way of thinking. We all must be ready and observant of breakthrough opportunities. What keeps us from moving forward can easily be overcome by incorporating one or all of the following tips. There is nothing magical about growing a business – it just takes the right effort.

Tip #1 Encourage sales training that is not selling

Insist on learning from all personnel beyond their functional area. Learning should not be limited to top managers. Yes, employees may receive a lot of training, but it is usually limited to how to do their job. The more they know and understand general business concepts and specific operational issues, the easier it is to provide input and answers to business challenges. This does not mean that everyone needs to become experts in strategy, leadership, finances, marketing, sales, operations, distribution … but as they learn a little about each category and then more in the areas that interest them, the better able they will be to provide a valuable contribution. Do not encourage sales personnel to only learn about selling. Remember that learning comes in all forms and does not have to be provided by the organization – reading publications, taking seminars, listening to subject matter authorities, observing the successful etc.

Tip #2 It is not about your weaknesses

We tend to concentrate on what is wrong and ignore what is right. It is surprising how many managers are unable to identify the top three strengths of their organization. If you have not uncovered the company’s true strengths - what you do better than most - then how can you take these strengths and apply them to other aspects of the operation? Knowing your strengths is just the beginning. Understanding how you got there and why you are able to excel in a particular area is what will allow you to duplicate these assets. This should not be limited to the “top” strengths of the organization. Break down what you do well by division, function, even by individual. Share with others and teach where necessary. Be fruitful and multiply – applying your strengths to all aspects of your business.

Tip #3 Mine your existing resources

Creativity in Business
Creativity!Creativity! – Are you Creative? Can you learn to be creative or is it something you are born with?Creativity is a process of developing and expressing novel ideas that are likely to be useful.OrCreativity is defined as the tendency to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.Therefore creativity is a process that anyone can improve on. Defining that process and improving on it is what we need to do to increase our creativity. Moreover, the purpose or goal of the creative process is the solving of a particular problem or the satisfying of a specific need, so if we keep this in mind, our process will have better results.In order to b

rd can easily be overcome by incorporating one or all of the following tips. There is nothing magical about growing a business – it just takes the right effort.

Tip #1 Encourage sales training that is not selling

Tip #2 It is not about your weaknesses

Tip #3 Mine your existing resources

Quiz Your Business Goals
Can you guess about the future of any organization by looking at the faces of few employees and observing them for some time? I guess that you can. Let me tell you how. Any organization that is heading towards worthwhile goals shows strong enthusiasm. The leader conveys the goals to the employees and the employees feel good about working in a organization that is not heading in a wrong direction or going downhill. The leader sells that vision to the employees and looking at the employees one can find out if they feel enthusiastic working or not.If your goals are worthwhile and look attractive your employees will feel love working for the organization because they know that they will be reaching a great destination. While discussing about great goals let us quiz ourselves about the quality of the goals. The first

ges. This does not mean that everyone needs to become experts in strategy, leadership, finances, marketing, sales, operations, distribution … but as they learn a little about each category and then more in the areas that interest them, the better able they will be to provide a valuable contribution. Do not encourage sales personnel to only learn about selling. Remember that learning comes in all forms and does not have to be provided by the organization – reading publications, taking seminars, listening to subject matter authorities, observing the successful etc.

Tip #2 It is not about your weaknesses

Tip #3 Mine your existing resources

The Counter Offer: The Perils Of Accepting One
Accepting a counter offer is one of the biggest mistakes that you can make during your career.To be clear, a counter offer is when you try to resign from your current employer after accepting another job elsewhere and your current employer tries to keep you by offering you (typically) more money, a better job, more benefits, more vacation, etc.In other words, they try to bribe you to stay.The question you need to ask yourself is if you were worth more money, deserved a better job, deserved more benefits or deserved more vacation, why did you need to resign before you employer realized you deserved it?Hmmmm...To accept a counter offer says several things:It says that you weren’t really looking for a job. You were simply looking for a raise because that’s basically what a

out your weaknesses

Tip #3 Mine your existing resources

Time to Kick the Procrastination Habit
You've had enough and are ready to change your ways. Even you can't stand your procrastination anymore. So where do you begin to make changes? How do you start?Don't let your procrastination stop you now. You can overcome it by following these 10 tips:1. Begin by picking one thing you want to accomplish. It doesn't have to be a major goal. Start with a small task that you have been putting off.2. Make a plan. When will you start? Choose a specific time and date to begin. Write it in your calendar. It is a commitment and appointment with yourself. Remember to honor it.3. Is the task measurable? It must be a task that has a defined outcome. You need to know that you have completed it satisfactorily.4. Is it realistic/attainable? The task you choose must be a real item. Something that ca

Tip #3 Mine your existing resources

This may be the most overlooked gem of business success. We are too quick to just purchase a new gadget or hire more staff or obtain outside counsel without fully utilizing the talent and resources at hand. It is essential to evaluate your existing resources. Where is there an opportunity to leverage what you have? Could your IT system be used to collect needed data? Is there a way to get existing data in a format that will assist decision-making? Does your IT system already contain the information? You get the idea. Untapped resources are not limited to IT systems. How you utilize manpower, square footage, product development, meetings, call centers… all are potential areas for performance improvement and growth. Tip #4 Automate

Do not jump to conclusions. This does not mean replacing people with machines. If a task can be automated, it should be. Do you know why? Automation replaces repetitive tasks. Repetitive tasks can then be replaced with higher cognitive activities. If an individual spends 30 minutes a day on, let’s say, inputting data into a stand alone spreadsheet and this activity could be inputted directly into an existing integrated system, then that individual would have 2.5 more hours a week to spend meeting critical objectives or creating solutions. Multiply this by many individuals and you can see the impact.

Tip #5 Schedule time to think

This does not imply that thinking is not going on; it’s just that we get too caught up in action and seldom take the necessary time to stop. Stop to think through a challenge, stop to evaluate strategy, and stop to contemplate about anything. Since inaction is perceived as not progressing, we discourage “thinking time”. This is why outsiders are often able to see what we cannot. It isn’t that we cannot see it; it is just that we have not taken the time to slow down, observe, think, and contemplate. When planning your week, schedule time to think.

Tip #6 Beyond the customer experience

We all know that servicing the customer is paramount. We know it, but many fail to meet the minimum expectations. And sometimes we do not realize we are not meeting expectations. Customers are more demanding than they used to be. Develop a profile of the most discriminating customer for your product or service. Describe them as best you can.

· What do they want in the product or service

· How quickly do they want it

· What are there expectations regarding phone inquiries (When they have a question, how do they most prefer to access the information)

· What is the optimum sales experience from first contact to order taking to actual purchase

· What is their pack

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A couple months back I had a little plumbing problem that required turning off the water to the house. Our do-it-yourself job was great until we needed to turn the water back on and nothing happened.

What happens when a board of director of a company with half a million employees starts leaking company secrets and strategy to the press? Well, in the case of HP, they decided to oust the CEO, when the board of director was caught thru looking at his phone records. The board of director who gave out the information costs the shareholders millions of dollars in shareholders equity due to negative press.

if we thought Enron was a disaster, or Ford, the three credit bureaus have the crown. They blatlantly do not give one hoot about you or the law. I have proof!

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