Thinks You Should Know Before You Bid On A BusinessWritten by Sandi Razman
Whatever your reason for going out on your own, you must keep your reason in forefront of your mind. If you forget your reason for starting your own home business, you will not be working for yourself for long.Self-motivation is key to success when you start a home-based business. You need to possess ability to push yourself ahead. Your drive and determination will be reinforced with every new sale. Remember --- your own business is a lot like a real job. Some people go to work to play, some go to socialize, and others --- most often those who are paid in a commission or tip environment --- go to work to work and to make money. When you work for yourself, your salary is directly proportional to your productivity. In every home business, there are certain processes that we do over and again, please factor in most important element concerning cost of your promotions. What element is that? Your time! Value your time at a certain dollar amount, and figure in your time into cost of your promotional accounting. Because too many promoters lose sight of this concept and spend 20 hours to generate one sale while using free advertising.
| | Succession Planning - 10 Vital Points for Business SuccessWritten by Martin Haworth
Succession Planning isn't just about preparing for boardroom changes or grooming your son or daughter to take over when you want to retire. It's much more about how those managing others create seamless changeovers, preparing who you have, for opportunities that might present themselves.And it's about making managing people much more effective, creating spaces for whoever you are, with people management responsibilities, to focus on your job, not theirs. Through empowering them, you generate enthusiasm and engagement. Everyone thrives, especially your business or organisation your business. By cranking up others development to meet your business needs, big or small, not just for right now, but for future, you will find payoffs, big-time. Here are a few ideas to get you started. - Building Relationships
By ensuring that you have informally built good relationships with every one of your team, you will have a head start when developing intelligence needed for effective succession planning. This is not just about business, it is about aligning with whatever is important to each individual and showing an interest in them. - Create a Vision
Clearly understanding what ‘good looks like’ is first stage of planning for future. Taking time out to develop this is well worth effort and provides a marker against which all decisions, people or otherwise are made. If possible, involve as wide a range of people in this activity. - Right People, Right Place, Right Time - Ignore Names
Once you have your vision, deciding who is need, when and where becomes easier. It important that you focus on facts rather than emotion first, so that you ignore individuals in this assessment. You can fit people in afterwards, as long as they will have capability to deliver your vision for your business. Some may be a work towards. - Consistent Performance
By considering your key people, their aspirations and expectations for future, you will gain an insight of where your gaps might come and then you can start planning to avoid problems. This will enable you to provide for anticipated change and start developing others to cover at least. This also helps when changes happen unexpectedly. - Confidence Grows
As individuals are involved in possibilities for their future, without over-promising, they start to want more. They appreciate learning and developing as they see what might unfold for them. As they learn and experience more, their confidence builds and they want stretching.
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