Seven Scary Reasons Not To Start A Home Based Business
September 30, 2008
Seven Scary Reasons Not To Start A Home Based Business
by: Andrew Shim
Thinking of starting a home based business can be a scary affair. After the thrill of getting that brilliant idea, it’s usually in that first battle with the mind that people lose and give up. Our minds are terribly good at looking at the down side of things. Here are SEVEN SCARY reasons why people shy away from starting their own home based business and SEVEN SIMPLE steps to help you overcome those fears.
Fear of failure and making mistakes.
Nobody like’s making mistakes and failing, especially if it concerns something major like starting a home based business. That’s why many people take the easy way out and quit. After all, if you don’t try, then you won’t fail.
Fear of change.
Running a home based business (any business for that matter) often forces you to change and improve your attitude, working style, personal preferences and bad habits. Unfortunately, most of us would rather accept the problems we DO know than the possibilities we DON’T. We’re often caught in a comfort zone - and it cripples our dreams and limits our potential!
Self-Serving Letters and Emails
September 29, 2008
Self-Serving Letters and Emails
by: Mark Meshulam
Much of business involves inducing people to do what we want them to do. Whether it is to sign a proposal, return a call, set up an appointment, provide information or pay a bill, we are constantly nudging.
In business, to exist you must persist. But what happens if your nudgee is flat-out unresponsive? Can you still advance your agenda?
In many cases you can. Execute a classical Poingo inversion, top it off with a half-gainer and a solid plant at the end, and you’ve got your deal.
In English that means to look for opportunities to invert the situation wherein the inaction, rather than the action of your nugdee prompts the furtherance of your cause.
Your answer may be a self-serving letter or email. Example:
Your customer ordered a load of snipe bracelets, but now that you have them and are ready to deliver, you can’t get a returned phone call. After a few attempts, move into self-serving mode.
Leave a phone message, followed by a letter and an email which essentially says this:
Self Serving Message (paraphrased)
Selecting Rules for Investing and Trading
September 28, 2008
There are three important differences between investing and trading. Overlooking them can lead to confusion. A beginning trader, for example, may use the terms interchangeably and misapply their rules with mixed and unrepeatable results. Investing and trading become more effective when their differences are clearly recognized. An investor’s goal is to take long term ownership of an instrument with a high level of confidence that it will continually increase in value. A trader buys and sells to capitalize on short term relative changes in value with a somewhat lower level of confidence. Goals, time frame and levels of confidence can be used to outline two completely different sets of rules. This will not be an exhaustive discussion of those rules but is intended to highlight some important practical implications of their differences. Long term investing is discussed first followed by short term trading.
Communication In Six Sigma
September 27, 2008
Communication In Six Sigma
by: Peter Peterka
Deploying Six Sigma means entering a period of significant change in your organization. Productivity and morale almost always suffers in times of great change. The requirements of change and adaptation and the very human fear of the unknown add to stresses of the work environment. In these times, communication becomes more important than ever.
Communication throughout a Six Sigma project is very important because the power and scope of Six Sigma demands a significant commitment from everyone in the organization. Six Sigma successes require clear and open communication at all levels to transcend departmental barriers that would otherwise cause confusion. In addition, any change in an organization will meet some resistance, either intentional or just because of inertia. When management can effectively communicate that it is behind that change and can communicate the positive aspects of the change, resistance can be countered and overcome.
The Myth About Price
September 26, 2008
The Myth About Price
by: Kelley Robertson
In today’s competitive business environment, it often seems that the most important aspect of someone’s buying decision is price. People constantly ask for lower prices, compare our prices with the competition, and badger us to give them a better deal. Regardless of what you sell, you probably face price objections on a regular basis.
I will never dispute that price is a factor in every sale. However, it is seldom the primary factor. If price was the only reason people bought goods and services, high-end boutiques and companies that sell premium products would not exist.
That means we need to learn how to resist the temptation to offer too much of a discount, too quickly. Here are a few ideas that can help.
Do your research. If you cold call on companies then conduct some preliminary research BEFORE you call them. Find out as much about that company as possible. Thoroughly browse their website, ask for a copy of their annual report, and talk to other people in the company if possible. Figure out what problems they are facing and determine exactly how your product or service can help them solve those problems. The more information you have about your prospective customer, the more relevant you can make your sales presentation to their specific situation.
Spicing Up Your Resume With Extra Information
September 26, 2008
Spicing Up Your Resume With Extra Information
by: Scott Brown
I am sure that all of us have some unknown skill that we have always wanted to add to a resume just because it looks good. In today’s tight job market, employers are looking for people who can do more than just the job they are hired for. In essence, they want to hire a jack of all trades for a position.
Decide what looks good
If you played water polo in college, that is probably not going to secure you a job on Wall Street. If, however, you coached for the city league basketball team, it might help you secure a job at a local high school. Coaching ball exhibits that you are able to deal with young people in organized activities.
Organize your extra info
Once you decide what looks good, you can add sections to your resume like Civic Responsibilities, Volunteer Activities and even Additional Information just so I have somewhere to list this information. One friend was applying for a job that involved a lot of writing so he added an additional information section where he added facts about two articles he had published.
Network Marketing Tip About Your Belief System
September 25, 2008
Network Marketing Tip About Your Belief System
by: Monica Karge
Are your thoughts stopping you from having success in Network Marketing?
Thoughts are made up of our belief system. We choose and form judgments based on beliefs we have collected over the years. We have attitudes, ideas and opinions of others and ourselves. We have been conditioned to think and act a certain way.
All our life experiences have led us to believe certain things. Whether these things are true or not, to our brain it really does not matter. If we accept the idea as truth than for us it is truth.
The challenge is to dig in your heels and ask yourself ‘what do you believe and why?’
Pick yourself apart. Is it truth? Question your belief system.
For instance, perhaps as a child you where told you will amount to nothing. Believing someone else’s opinion can jeopardize your success in life.
On the other hand, right thinking is based on truth. The truth is God did not make junk. You are an important person. Accepting this truth will put you on the right path and you will literally act out the new you.
The Importance Of Mentors
September 24, 2008
The Importance Of Mentors
by: Deborah Carraro
All the successful people I have ever known have had a mentor at
some point in their life, someone who taught them and encouraged
them to take risks with new experiences. I owe a great deal to
the mentors in my life - Richard Ford, Krissy Jackson, Julie Hunt
and more!
I’ve also worked closely with kids as a mentor. Here’s a bit of
history: I spent my highschool and university years working as a
mentor in an Emerging Technologies Program. When I work with
kids, I use just one basic principle: I never do anything for
them that they could do for themselves. I act as a resource and
work to wake kids up to their passions. I cannot give them
passion, and I do not give them any answers. They must find
passion and answers themselves.
When working with kids, we focus on answering these questions:
What do you want?
What do you have?
What do you need?
How To Make Money On The Internet
September 23, 2008
How To Make Money On The Internet
by: Riley McBride
Being the owner of an online business is one of the best feelings I know.
The startup costs are very small in comparison to starting a “dirt world” business. Before the Internet, setting up in business was a high risk activity. You could invest thousands in an idea that you really believe in only to find and nobody else believes in it. I’m sure you’ve heard the statistics : ninety five percent of new startups fail. Not a great figure, it has to be said.
I’m not saying that starting an Internet business is likely to succeed any more than a regular business but the risks involved are much smaller. You could start up fifty online businesses for the amount of money you may have invested in a real world business. That is quite a powerful fact. On the Internet you have room to fail. You just have to pick yourself up and try something else.
No Load Mutual Funds or Exchange Traded Funds (ETFs)?
September 22, 2008
If you are fed up with early redemption charges and ever increasing mutual fund management fees on top of bad-performing fund managers, read on. There is a quiet revolution going on in the no-load mutual fund industry and you, the individual investor, may benefit from it greatly.
I am referring to Exchange Traded Funds (ETFs), which have been around for years, but have grown tremendously since their inception. There are currently over 100 choices with around $10 billion in assets.
In a nutshell, an ETF is a specific kind of no-load mutual fund that you might consider to be a basket of stocks. ETFs are diversified like mutual funds, only they trade like stocks. They are cheap to trade (as low as $8.00) and don’t hit you with any short-term redemption fees. And they offer investing opportunities across the board.
ETFs track every index under the sun including the S&P 500, the Nasdaq 100, The Russell 2000 and many others. Available through any discount broker, they basically fall into one of three categories: broad-based U.S. indexes, sectors and international.
