Showing posts with label tips bisnis. Show all posts
Showing posts with label tips bisnis. Show all posts
Building Confidence: What Should You Be?


Question: What is the best personality or the best identity for you to assume?


Answer: Anything you want to be! A cheerful friend, a businesslike executive, a caring listener. Whatever is best at the time. Different circumstances require different attitudes.

For example, to be a bossy manager at work might be appropriate, but you might drive your spouse crazy if the identity continues at home. To be a rowdy sports fan at a game is great, but not what you should be when asking for a raise.

The reason people have trouble determining who or what they should BE is because they don't start with HAVE.

"Children in the West are commonly asked `What are you going to BE when you grow up?' It is a silly question and can drive any child up the wall. Because it's the wrong question—hits the wrong end of the cycle."

"He is also asked, `What are you going to DO in life?' That's just as bad. It is quite difficult to answer."

"If we asked children, `What do you want to PRODUCE in life?' we could probably get a workable answer. From that he could figure out what he'd have to do to produce that and from that he could know what he had to BE. Then, with a little cooperation he would be able to lead a happy and valuable life."

"A lot of people and businesses fail because they don't do this." — L. Ron Hubbard

Example: A young man likes to cook and make people happy. He may decide the product (HAVE) he wants to produce is: "Properly fed, happy people who pay a lot of money for the dining experience at my successful restaurant."

Based on this decision, he works out his career by listing the steps (DO) which include enrolling in a cooking school, working at several restaurants for the experience, saving money, and so on. His planning is accurate and efficient. The young man then works out the best identity for the job (BE). He needs to BE a successful restaurateur: proud, charming, service-oriented, smart and wealthy.

To put his plan into action, this young man starts the cycle with BE and assumes this identity as the first step. He strolls around BEING a successful restaurateur from day one. He's proud, charming and service-oriented. He even feels wealthy.

He can then easily DO the steps needed to get what he wants to HAVE: a successful restaurant with happy customers. He accomplishes this much faster and more easily than a person who cannot BE a successful restaurateur until he owns the restaurant.

If you want success and wealth, BE wealthy or successful before you get there. It’s fun!

Assume a wealthy identity. Test drive a big new Mercedes. Stroll through a $10-million building as if you own it. People will want to be around you. Bankers will try to lend you money. You'll feel great!


Exercise

While this exercise focuses on making money, you can do this with any goal.

1. Take out a blank piece of paper. At the bottom of the sheet, write down how much money you want to earn per month, one year from now.

2. Above the dollar amount write down what you need to produce (HAVE) that someone would pay you that much money for. What final product must you produce that is worth the amount of money you want to earn?

For example, a plumber wants to earn $8,000 per month in profit. He calculates his overhead costs and determines he needs to produce or HAVE "$20,000 per month in high-quality plumbing work to happy customers who refer."

A dental receptionist who wants to earn $3500 per month might determine she needs to produce much more than "scheduled patients." She talks to the dentist and decides she needs to produce "a dental practice that doubles in productivity through my clever scheduling so I can earn $3500 per month."

The partners of a law firm decide they want their group to bill and collect $500,000 per month.

What do you need to produce to earn the money you wrote in step 1? Write this down.

3. In the middle of your sheet of paper, write down what you need to DO to reach that level of productivity. This is planning at its finest; you start with the final result and work backwards.

Before you achieved the above product, what would you do? Before that? Before that? Plan your steps from this future point in time back to the present.

For example, the plumber needs to DO more promotional actions, delegate responsibility to his assistants and make sure every customer is completely satisfied.

The dental receptionist needs to organize the schedule better, make more reminder calls to patients and keep the doctor busier.

The law firm needs to hire more associates, attract wealthier clients and win more cases.

4. At the top of the page, write what you need to BE to accomplish the plan and obtain the final product.

The plumber might need to BE a responsible manager and not a fun-loving worker. He may decide he needs to BE a successful business owner.

The dental receptionist needs to BE the boss of the patients’ and doctor’s time, not just be a receptionist. She needs to BE a successful manager.

The law firm needs to BE the most powerful law firm in town. It moves to the biggest building in town, hires the best decorators money can buy and gives an overwhelming feeling of strength.

Whatever you write at the top of your paper is what you need to BE. It's the most effective identity you can assume. BE THIS PERSON RIGHT NOW.

Now that you are BEING the correct identity for this goal, DO the action steps. You will then HAVE the money or goal.

Use this exercise in other areas of life. For example, to HAVE a successful marriage, what should you DO and BE? What do you need to DO and BE to HAVE a cheerful family, a successful business, a happy life?

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Outdoor Billboard Advertising – One of the Most Difficult Advertising Strategies

Outdoor billboard advertising is one of the most difficult of all advertising simply because of the variables that surround its success or failure.

Size, location, and the message must create a call to action either by calling a phone number or visiting a web site. This is why many small business owners look to outdoor advertising companies for help and guidance.

Outdoor billboard advertising is most effective when it is part of a larger advertising campaign that also includes display advertising in newspapers, radio and television advertising, and website campaigns. Compared cost-wise to other forms of advertising, outdoor advertising rates are favorable due to their exposure level.

The most effective billboards are ones that cause the viewer to go, “hmmm.” Many famous (and highly effective) outdoor billboard advertising strategies could fill the halls of many mansions but they have one thing in common: creativity. Some of the most creative ideas can be found at Billboardom


1. Outdoor Billboard Advertising Needs to Be “To the Point” – and Memorable for Passing Motorists

Think about this: how much of a billboard can you read going 60 miles per hour?
Effective billboards have a message that has “punch” such as a shorter version of a slogan. “I'm Thinking Arby's,” “Got Milk?” and a variety of other “mini-slogans” add just the right of information to make it identifiable with a brand name.

In fact, part of a comprehensive advertising campaign is to create slogans for the company that promote name recognition and company branding.
Some of the most memorable outdoor billboard ads have the fewest words and three or less graphics.


2. Outdoor Billboards Need to Have Lettering that is a Minimum of 1 ½ Feet Tall

Even if your billboard is close to the road, you still need to stick to this rule for maximum visibility. Remember that the speed limit of that particular stretch of road will either allow for more or less time for your message to be read. If your outdoor billboard is further from the road or higher up from the ground, the lettering should increase in size accordingly.


3. Large and Powerful Graphics Make Billboards Memorable

A huge photograph of a hand holding a hammer says, “Strength” without words. The hammer itself can be used to portray a building company but can also project, “our workmanship is solid” for many types of businesses and industries.

A graphic such as this should be the same height as the billboard area for the most effectiveness. Remember the adage, “a picture says a thousand words” to help guide you in finding a great graphic or visual effect to say the words instead of cluttering the billboard with text.
Dare to be different with the use of graphics.


4. Contrasting Colors Make Billboards Stand Out

Your graphics and text must stand distinctly apart from each other in order to be seen and remembered. Along these same lines, a website domain name and phone number that tie into the graphic's message helps the most important information – the call to action – easy to remember.

A short and easy-to-remember domain name and phone number in bright yellow against a dark background helps the eye to register the information to the brain in a glance.

Just because all the text and graphics are very large on a billboard does not mean they will be seen and responded to. Because the elements are larger, it is even more important to use high contrast with graphics and text.


5. Billboards that Speak the Language of the Community Get Results

If your business appeals to a younger market, the edgier you can get, along with “street talk.” While many business owners may not fit into that crowd, their audience might.

How you, as a business owner, may phrase a statement in “proper language,” the use of slang and deliberately misspelled words can let your customers know that your business is progressive and not adverse to change and innovation.

On the other hand, if your customers consist of another type of audience, speak to them in the language they are accustomed to. “Yo, heads up” may not be very appealing to an audience who relates better to, “We're New….and Better.”



6. The Way The Eye Travels is the Way Your Billboard is Read

The eye travels from left to right. You want to be sure that your billboard's message goes in the order you intend.
Make sure that your message doesn't lose the viewer in lack of order or sense.

Your graphics and text should have a natural flow so that the eye travels naturally from the most important element to the next. There should be a natural flow from element to element with the most important being what stands out the most: is it the text message or the graphic?

Again, color and contrast help to determine an easy flow where there is a specific order and the message is absolutely identifiable with your business.



7. Dare to be Drastic and Different with Your Billboard Advertising

Most of the time, it's risky to be daring in business and errors in judgment can cost a business hundreds, if not thousands, of dollars.

Gather ideas from friends and family as to what their most memorable billboard signs have been. Creativity is the key so that your billboard stands out from the rest of the signage along the roadway. Think outside the box and include humor, a headline of great interest, and graphics that lead the readers to call or click to your business.



8. Create an Advertising Message on your Billboard that Beats the Competition

Consumers are exposed daily to every suggestion, nuance, and saying that advertising executives can dream up for any type of advertising campaign. The problem is, how can you make your message convey how your product or service outperforms the competition?
This is the time for a very good writer and thesaurus to come into play if you cannot afford an advertising agency's expertise.

Come up with a better way of saying why your business is better in the fewest number of words. In fact, this is the very method used when creating a slogan and you can start with a longer slogan and shorten it to a catch-phrase for your billboard.



9. Offer Something for Free on Your Outdoor Billboard Advertisement

Insurance companies and other similar businesses are notorious for proclaiming, “Call for a Free Quote Today!”
Today, more than ever, consumers are not only comparison-shopping for great deals but also value for their money.

If your business offers a guarantee of work, trade-in products, humanitarian contributions and charities it donates to that people are passionate about, fit this information into your billboard message.



10. Call to Action is the Goal of Outdoor Billboard Advertising

The goal of your outdoor billboard advertising is to establish new customer relationships. By using the tips provided here, the goal is to create a billboard advertisement that entices potential customers to contact your business for more information.

By utilizing the steps outlined above, you will be well on your way to achieving more traffic and inquiries for your business.

Outdoor billboard advertising can be quite expense so adequate time and care needs to be taken into the choice of graphics, colors and their placements, and a unique message that portrays a solid business that portrays customer satisfaction and beats the competition with its products and services.


Important Points to Remember when Doing Outdoor Billboard Advertising:

  • Create billboard messages that are to the point.
  • Create letters and graphics that are adequate in size and height for visibility.
  • Create billboard messages that can be easily seen and their messages understood quickly.
  • Be creative with graphics, text, color, contrast and concepts.
  • Be sure to relay an offer and a call to action for more information by phone or website.

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Ten Tips on Career Advancement



Many career experts agree that the best time to look for a new job is while you are still comfortably in your old one. If you’re starting to feel unchallenged in your present position, you may be ready for a promotion to the next level. If there aren’t many career advancement opportunities where you work, the best next job may be waiting for you elsewhere.

Nowadays, it’s up to you to take control of your professional future and make sure that you are progressing wisely down the right career path. Here are 10 proven strategies to help you get started:

1. Talk to your boss. Sit down and have a very direct and pointed conversation with your boss about your future in the company. Stress that you want your job performance to meet the company’s goals. Share your own career goals with him or her. Your boss will respect this display of confidence and maturity.

2. Ask for more. Volunteering to help out other departments or teams — or simply asking for more responsibilities — increases your value within the organization. Asking for additional work shows an interest and desire to help your department and company to succeed. It also puts a spotlight on your value to the business.

3. Volunteer for boards. If you have your career set on something beyond what you are doing in your present position, seek out opportunities to volunteer or serve on advisory boards, where you can build a reputation as someone who is passionate and dedicated to your particular industry.

4. Sharpen your people skills. Strong interpersonal skills play a crucial role in gaining the respect of your boss and coworkers; they will also attract the notice of outside influencers who might open new doors of opportunity for you. Be friendly, outgoing, and personable. Listen carefully to people, and practice being a clear and effective communicator.

5. Be innovative. Never be afraid to think outside of the box and put your business acumen to work. Stay on the lookout for creative solutions to problems that will make you — and your boss — look good.

6. Find a mentor. Develop mentoring relationships, either inside or outside the company. Recent studies have shown that four out of five promotions are influenced by a mentor higher up in the company. Mentors are also great sources of information and career guidance.

7. Sell yourself. Learn the fine art of self-promotion. If you have had major accomplishments or created successful programs, make sure people know about it — especially those in influential positions who could help you advance professionally. Let it be known that you are seeking a promotion or the next step up in your career.

8. Keep learning. A proven way to advance in your career is to be continually acquiring new knowledge. Stay on top of trends or developments in your field and make sure that your current résumé reflects those needed skills.

9. Network. Strengthen your personal network and join professional organizations, attend industry conferences, or even volunteer. The more people who are aware of your strengths and abilities, the better your chances of hearing about any new opportunities that might arise.

10. Build your reputation. In business, your reputation is the most valuable thing you own. Be known for being dependable, professional, and cooperative. Act and look the part by dressing professionally. Make a name for yourself by attending conferences, delivering speeches, or writing articles.


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Tips for Getting Free Advertising through Press Releases



How is a Free Press Release Different from a Blog or Article?


A press release most often is sharing an announcement or commentary on a topic that is of community interest; in other words, “newsworthy.”

A press release is written about or around a current event or a topic that is of great interest to the public or a business sector and can pave the way for sales of a product. Microsoft®, for example, strategically uses press releases and announcements when a new version of software is about to be released. Because many computer users use Microsoft® products in their work and personal lives, the company’s press releases are newsworthy.

Unlike articles written for magazines or websites, press releases are not just about what a company offers. In fact, it is not until one reads the end of the release that it is discovered who the author was and how to get more information.

Press Releases are also FREE advertising. The trick to getting newspaper and television coverage is by making what your business offers of interest to people in the present time.

Note: If your press release does not follow the guidelines in this article, your free press release will be seen as merchant advertising and will be treated and charged for as such.



Finding the “Hook” for your Business’ Free Press Release


Finding the relevancy of your products or services to a topic of current interest is called a “hook.” Your business products and services need to “hook on to” an event or discussion of importance.

If your business serves just your regional area, you need to find a topic of great interest in your local community. If your business serves customers on a national or international, the topics have a wider range from which to choose.

For example, let’s say that your business sells communication equipment such as CB or HAM gear. Now let’s suppose a serious earthquake happened in another area or country and those areas had lost methods of communication. Add to that, perhaps your own area is earthquake-prone.

You could devise an emergency communication program and offer free communication in case of a serious earthquake in your own community. In your press release, you would explain who, what, where, why and how your communication system would work for people in your immediate community.

This type of press release would be termed a, “Human Interest” story. Because your business is offering a service to the community, it would be seen as informational to help ease worry as well as commendable on the part of your business in offering a free service.

Even if such an event would not take place, your customer base would grow simply because of the advertising you gained for your humanitarian efforts; raising the trust level for your products and services in the area.


Does your Business Have a Historical Tie?

Community history is always newsworthy. Does your business operate out of a historical home? If so, who was the family and what did they do in the community during the “good old days?”

Is your business family owned? Did you have ancestors who settled in the area? What was it like during those days? Do you have photographs you can share?

Is your business marking an anniversary of being in business for over 10 years? Is there someone in your employ who has an interesting background and story to tell?

In general, people like to read about people. Stories about people and history are always of human interest and are interesting topics to write about.


Who Writes the Press Release and How to Submit One

Any good writer can write a press release, especially if the writer has had experience with writing for the press.

If there is a story to tell but you know of no one to write it, call a newspaper and find out who you need to speak to about your press release. Most newspaper offices have different departments; you would not want your free press release on emergency communications in the “Garden” section.


At this point, you can do one of two things:

  1. Go for it. Submit your completed press release by fax, mail, or hand-delivery. Be sure to include any photos as well as the contact information for you and any other people mentioned in the article who are available for interview.
  2. Submit a query. Send a letter to the editor or reporter about the press release you would like to do. Many times, especially if the story is particularly newsworthy, a reporter will come out to interview you and write the story themselves. Again, have any photos on hand as well as the contact information of any other people who can be interviewed.

You can also submit completed press releases through a number of press release companies on the internet, although the chances of your releases being printed for free (without any fees whatsoever) are greatly diminished.


Important Points to Remember when Writing and Submitting Press Releases:

  1. A press release is not meant to sell your business’ products and/or services.
  2. READ the newspapers or publications before you submit a press release.
  3. Find out the appropriate editor or reporter for the department you are appealing to.
  4. Have photos and a contact list of other people who can be interviewed.
  5. ALWAYS thank the press outlet for publishing your press release.

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The Honest Way to Get Rich

Source : tipsforsucces. org

You can get everything you want in life as long as you give others enough of what they want. If you give nothing of value, you get nothing of value. Your method of exchange determines your wealth.

The type of exchange you use determines your financial success. Nothing else you do has a greater impact on your income. L. Ron Hubbard outlines the four types of exchange.


“1. First consider a group which takes in money but does not deliver anything in exchange. This is called rip-off.” — L. Ron Hubbard

Examples of this first condition of exchange:

  • You pay a $1,000 deposit for a new car. The dealer goes bankrupt. You get no car and no refund.
  • A plumber loosens a pipe, shows you the “leak,” tightens the fitting, makes noise, charges you $159.
  • Someone in your office avoids doing work. Lots of excuses, lots of smoke screen, no work, full pay.
This first exchange condition is basically theft. The second exchange condition is cheating.

“2. Second is the condition of partial exchange. The group takes in orders or money for goods and then delivers part of it or a corrupted version of what was ordered.” — L. Ron Hubbard

Examples:

  • County fair booth promises to show you a two-headed cow, but actually shows an odd-looking skeleton.
  • The “$99 Dream Vacation Package” turns out to be a smelly motel room by the freeway.
  • Instead of working, an employee reads a magazine, surfs the net or makes personal calls while being paid.
“3. The third condition is the exchange known, legally and in business practice, as `fair exchange.’ One takes in orders and money and delivers exactly what has been ordered.” — L. Ron Hubbard

Most successful companies and individuals use this principle. Examples:

  • You pay for a dozen fresh eggs, you get a dozen fresh eggs.
  • A $10-per-hour employee works 40 hours of normal work and is paid $400.
  • You pay your power bill and get electricity.
“4. The fourth condition of exchange is not common but could be called exchange in abundance. Here one does not give two for one or free service but gives something more valuable than money was received for.” “This fourth principle above is almost unknown in business or the arts. Yet it is the key to howling success and expansion.” — L. Ron Hubbard

Individuals and businesses who use this fourth method of exchange flourish when others are in trouble.

  • You pay an artist for a painting who then frames it for you at no extra charge.
  • You invest with a real-estate group expecting a 12% return each year and get 15% instead.
  • An employee not only does all of her own work, she trains a new employee, works on her day off when another employee calls in sick and assumes new management responsibilities without demanding more pay.
Employees who give more than expected receive promotions, raises, bonuses and extra benefits. Job security is excellent as they are valuable to the company.

Businesses that exchange in abundance get more referrals than anyone. Investors are anxious to buy its stock. Customer loyalty is guaranteed.

At first, giving more than expected seems unfair. You give extra effort without recognition. You add value to your work or products without anyone noticing.

Yet eventually, you rise to the top. People like working with you above others. Your company is selected above the competition. You earn a reputation of being more than fair.

Instead of trying to get more, work on giving more as your method of operation and see what happens!


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Making Your Home Office a Success


These days there is an ever-increasing trend of people working from their homes. And it is easy to see why; working at home is cheaper and more convenient than commuting to an office.

However, as can be expected with this thriftiness and convenience, working at home comes with a certain risk: that of distractions and temptations to laze around the house having fun or relaxing.

When it comes to working out of a home office, there are many things that can stand in the way of your productivity. This article will outline a few of them and recommend ways to avoid them and get the most out of the time you spend working at home.


Avoid Distraction at all Cost

The most important thing to avoid while working at home is distraction. This can come in many forms, but will always detract from your working abilities. The most common source of distractions, unsurprisingly, is you.

Since so many at-home jobs these days involve computers, it is easier than ever to spend a few minutes here and there surfing the net or listening to music. But a few minutes here and there can add up to more than expected.

It is important to keep your workplace free of entertaining distractions. For many people this means having two different personal computers: one for work and one for play. This will help you stay focused on the task at hand. You will be amazed at how much more work you get done when you spend the entire day working with no messing around!


Home Office Organization Techniques

Another way to ensure that you get the most out of the time you spend working at home is to make sure that your office is optimally organized. Simply having the most expensive desk, chair, and shelving available is not enough; your home office’s furnishings have to mesh with one another.

In other words, you should consider things like how much space they occupy before purchasing them. Doing so will help you come up with an office layout that is maximally efficient. In these days where people are either tight on money or tight on space, or both, something like the Techni Mobili Computer Desk is a popular choice.


What Room of the House to Use

Another factor that will contribute to the efficiency of the time you spend in your home office is its location. You should make sure the area you have set aside to do at-home work is not used for other purposes, if possible. It does not take any more than a person walking by to distract you from your work and require you to spend extra time refocusing your attention.

As far as time is concerned, every little bit adds up, and, as the saying goes, “time is money.” There are other factors associated with your home office’s location that you should also consider. For example, how much sunlight gets to your office during the time you work?

How many electrical outlets are available to you without using a surge protector? Do you have space to perform all the working actions you need to perform? And finally, do you feel comfortable working in the area you have chosen?


The All-Important Office Desk

The office desk you choose to use is one of the major factors determining how comfortable your working area will be. For this reason, it is important to put a large amount of planning into the purchase of your office desk. Available models vary according to available features, quality of materials used, storage space, etc.


It is important to know your needs before beginning to shop for a desk. For example, you should not buy a desk with four drawers intended to store paper files if your work does not involve keeping any kind of paper records. Office desks can be expensive, and picking one that suits rather than exceeds your needs is a great way to save some money.


Sit on It for a While

Women at a deskPicking the right office chair is another great way to save. It can be tempting to buy the most expensive, comfortable chair on the market, justifying it as a “business expense,” but ultimately you should consider how much time you plan on spending sitting in the chair each day.

If your back can handle sitting at a cheap chair for the few hours per day you spend working at home, you can save serious dollars by purchasing an inexpensive chair or using one you already have around the house. All things considered, the most important thing to consider when planning the layout of your home office is practicality; does your design allow you to complete the work you need to complete in a clutter- and stress-free environment?

If not, try to come up with a plan for reducing the elements involved with your home office that are cutting into your efficiency. And remember, your home office is yours; there is nobody to blame for things not getting done but yourself.



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Business Ethics To Practice

There is a lot of tension that business managers have to learn to deal with in today's business environment. Shareholders want higher profits, but the workforce wants higher wages. Consumer want lower prices, but suppliers want to charge more for parts and supplies. In the midst of all that, companies need to keep a close eye on business ethics issues.

Ethics in business has been a concern for businesses for a while now, but events of the past years has mad it even more of a focus. It seem like it should be such an easy thing; do what is right and you won't get into trouble, but deciding what is right seems to depend on who you talk to.

Business schools teach managers have a responsibility to grow the business and get the best return for the stakeholders, but some times the stakeholders have conflicting concerns. How do business ethics apply to that type of situation?

3 Important Business Ethics

While there are often times that the answer is not clear cut, there are a few standards that will help you avoid major missteps.

Honesty

One business ethics rule you should never violate is to tell the truth. Regardless of what problem you might face, you will never go wrong by being honest. If you need to make a decision that is not popular, or may even harm one group or another, be honest with the people involved.

Most of the major business ethics scandals over the past years have come as a result of business leaders that were dishonest. Knowing right from wrong, they chose wrong, and then lied about what they had done. Those in the organization that were not involved in the original problem ended up getting in trouble when they participated in the cover up.

Perhaps the most basic tenet of business ethics is maintaining honesty. Those you deal with may not agree with you, but they will respect the fact that they know that you are telling them the truth. That goes a long way with people.

Integrity

Business WomenThere are times in business when people do something that may be honest, and it may be the right decision for the company, but they go about it all wrong. You have heard stories of companies that announce layoffs the week before Christmas.

Many times these companies new about the decision weeks or even months before it was announced, but in order to avoid problems, they put off the announcement until the last minute. Integrity in business ethics would say that you tell your people what is coming so they have the opportunity to prepare for the layoff.

The same is true with price increases for your clients. If you need to increase prices you need to be honest and up front about the increases, not try to slip an increase in unnoticed. This type of behavior usually backfires, and the reputation of your business is harmed in the process.

Security

One area that has improved over the years is the issue of security of information about your clients and customers. There have been too many examples in past where a company has sold customer contact information to a third party for marketing purposes. You customers end up on a junk-mail list because the company owner saw an opportunity for a quick pay-day.

You need to apply business ethics by making sure that any information you collect about your customers is kept completely private. If your customers do not feel safe with your business they will quickly go to your competitors, and you will have a hard time trying to win them back.

Code of Business Ethics

One way to make sure the people in your organization abide by your business ethics is to write a Code of Ethics for your organization. This sends a message to your employees and your customers that you practice good business ethics.

Be prepared to spend some time getting this right. It isn't something you can typically knock out over lunch one day. You need to make sure it truly captures your view of business ethics for your organization. If you do this half-heartedly, your customers and employees will see through it, and they will probably doubt that you truly hold to the business ethics that you claim are important.

Points To Keep In Mind…

  • Many problems can be avoided by being honest with the people involved.
  • Sometimes businesses do what is right, but they go about doing it all wrong.
  • A Code of Business Ethics lets your customers and employees know what is important to you.
  • Once you lose the trust of the people you deal with it is very hard to get it back.
  • Your Code of Ethics needs to truly reflect what you believe and not just something you threw together.

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Five Common Mistakes Entrepreneurs Make and you Should Avoid


One thing that all entrepreneurs have in common is that they all make mistakes. Unfortunately, time and again we see the same mistakes repeated by many entrepreneurs.
Mistakes.


Entrepreneurs Make #1 – Unclear Goals

Not having clear goals and a clear mission is like trying to drive through a foreign city without a map. he easiest way to avoid making this mistake is to write down your goals and strategies. Too often people can be thrown off course by innocently misinterpreting the goals and strategies. To assume that everyone involved with the business has a clear understanding of its mission can cause many more errors down the road.

In addition to writing down the goals of the business, be sure to write down measurements for success! Set your goals with timelines or milestones in mind and keep focused on meeting those objectives.


Mistakes Entrepreneurs Make #2 – Trying to prove you are Smart

The quickest way to make enemies is to try and prove you are the smartest one out of all the people you work with. Trying to prove you are smart is self-serving and has everything to do with ego; you will end up looking foolish for not listening to the advice of others in business.

No one has all the answers. Where you become smarter is when you realize that there are many other talented people who you can learn from. If you are fortunate enough to be surrounded by such a group of people, learn to be gracious and acknowledge and give credit to them for helping you along the path of building your business successfully.


Mistakes Entrepreneurs Make #3 – Greed

This may sound like a silly question but: are you in business to simply make money? Or, have you become an entrepreneur in order to march to the beat of your own drummer?

Becoming a successful entrepreneur involves the creative efforts on not only your part, but also on the part of others who contribute time and money toward your business. They want to succeed with you and are more likely to stay with you as long as they are valued---by you.

This means that you cannot keep the whole pie to yourself. Just because you might feel that you work harder than others do, does not mean that you are entitled to all the business equity. Think of it this way: with the help of others' contributions of time and money, what might the value of your slice of the pie be worth down the road?


Mistakes Entrepreneurs Make #4 – Hiring the Wrong People

Your business is not being set up as a social gathering and filled with all the people whom you like. Your business needs to be comprised of knowledgeable and talented people who are good at what they do.

Successful entrepreneurs concentrate on hiring the people they need---not just people they like.

Part of writing your goals and strategies includes creating job positions for people to fill. Without a clear-cut job description and list of duties for those areas, how would you know the best people to hire?


Mistakes Entrepreneurs Make #5 – Not Knowing when to Let Go

Many business owners refer to their venture as their “baby” and, in many ways, building a business is just like rearing a child.

As an entrepreneur, you are starting with a seedling of life that you will nourish and grow and the “child” begins to mature. Over time, other people contribute their time, skills, and money into the business and, as the business grows, the relationships change.

Be prepared to hand over responsibilities to others so that you do not suffer from “burn out.”


Important Points to Remember to Avoid Making the 5 Biggest Mistakes:

Coffee Cup Nespaper and cell phone

  • * Develop and write down goals, strategies, and measures for success.
  • * Give credit to others who are smarter than you.
  • * Be fair with sharing the equity in the business.
  • * Hire the people you need---not just the people you like.
  • * Learn to give responsibility to others at the right time.

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