Monday, 5 June 2017

Mind Power, Your Financial Strength.

       Image result for financial images


  Been financially buoyant or free is not something you can achieve without hard work. People have been too engaged lately in looking for easy ways and means to acquire money and become free from poverty but the truth still remains that they might be chasing shadows if they are not ready to make do of their innovative mindset.
     
Also Read: Streams Of income. Make Money without stress

     Your financial freedom begins when you explore your mind to create. As human beings we are, there are innovative sides that works out our power to create new things. AS an individual seeking financial redress, you have to engage your mind power. Bill Gates, Steve Jobs, Warren Buffett and other financial boyant men across the globe didn't come into lime light without using their mind power.
           Your mind power (The enabling force of creative output) is your key to been free. Financial freedom would be met if you  unleash the creative side of you. There are so many inventions across the world which was developed by humans like us. Those innovations didn't just come into existence but they came forth because someone has engaged his mind to think forth great things and also enacted it to work.
It is one thing to think it, and it is another thing to work it out ( To act upon what you have thought). Your mind power works together with actions. Do you want to make more money today? If yes, engage your mind power and back it with an action to enable it more efficient and effective.

                           IF YOU CAN THINK IT, YOU CAN DO IT.

ANTICIPATE THE UP COMING POST (HOW TO CONSTRUCT A WINNING BUSINESS PROPOSAL). 
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Friday, 14 April 2017

How to Grow Your Business To Excellence

 
When you first started your business, you probably did a lot of research. You may have sought help from advisors; you may have gotten information from books, magazines and other readily available sources. You invested a lot-in terms of money, time and sweat equity-to get your business off the ground. So...now what?
For those of you who have survived startup and built successful businesses, you may be wondering how to take the next step and grow your business beyond its current status. There are numerous possibilities, 10 of which we'll outline here. Choosing the proper one (or ones) for your business will depend on the type of business you own, your available resources, and how much money, time and sweat equity you're willing to invest all over again. If you're ready to grow, we're ready to help.
1. Open another location. This might not be your best choice for business expansion, but it's listed first here because that's what often comes to mind first for so many entrepreneurs considering expansion. "Physical expansion isn't always the best growth answer without careful research, planning and number-planning," says small-business speaker, writer and consultant Frances McGuckin , who offers the following tips for anyone considering another location:
  • Make sure you're maintaining a consistent bottom-line profit and that you've shown steady growth over the past few years.
  • Look at the trends, both economic and consumer, for indications on your company's staying power.
  • Make sure your administrative systems and management team are extraordinary-you'll need them to get a new location up and running.
  • Prepare a complete business plan for a new location.
  • Determine where and how you'll obtain financing.
  • Choose your location based on what's best for your business, not your wallet.
2. Offer your business as a franchise or business opportunity. Bette Fetter, founder and owner of Young Rembrandts , an Elgin, Illinois-based drawing program for children, waited 10 years to begin franchising her concept in 2001-but for Fetter and her husband, Bill, the timing was perfect. Raising four young children and keeping the business local was enough for the couple until their children grew older and they decided it was time to expand nationally.
"We chose franchising as the vehicle for expansion because we wanted an operating system that would allow ownership on the part of the staff operating Young Rembrandts locations in markets outside our home territory," says Bette. "When people have a vested interest in their work, they enjoy it more, bring more to the table and are more successful overall. Franchising is a perfect system to accomplish those goals."
Streamlining their internal systems and marketing in nearby states helped the couple bring in their first few franchisees. With seven units and some time under their belt, they then signed on with two national franchise broker firms. Now with 30 franchisees nationwide, they're staying true to their vision of steady growth. "Before we began franchising, we were teaching 2,500 children in the Chicago market," says Bette. "Today we teach more than 9,000 children nationwide, and that number will continue to grow dramatically as we grow our franchise system."
Bette advises networking within the franchise community-become a member of the International Franchise Association and find a good franchise attorney as well as a mentor who's been through the franchise process. "You need to be open to growing and expanding your vision," Bette says, "but at
the same time, be a strong leader who knows how to keep the key vision in focus at all times."

ALSO READ: Things to Do In Order To Grow Your Business 

3. License your product. This can be an effective, low-cost growth medium, particularly if you have a service product or branded product, notes Larry Bennett, director of the Larry Friedman International Center for Entrepreneurship at Johnson & Wales University in Providence, Rhode Island. "You can receive upfront monies and royalties from the continued sales or use of your software, name brand, etc.-if it's successful," he says. Licensing also minimizes your risk and is low cost in comparison to the price of starting your own company to produce and sell your brand or product.
To find a licensing partner, start by researching companies that provide products or services similar to yours. "[But] before you set up a meeting or contact any company, find a competent attorney who specializes in intellectual property rights," advises Bennett. "This is the best way to minimize the risk of losing control of your service or product."
4. Form an alliance. Aligning yourself with a similar type of business can be a powerful way to expand quickly. Last spring, Jim Labadie purchased a CD seminar set from a fellow fitness professional, Ryan Lee, on how to make and sell fitness information products. It was a move that proved lucrative for Labadie, who at the time was running an upscale personal training firm he'd founded in 2001. "What I learned on [Lee's] CDs allowed me to develop my products and form alliances within the industry," says Labadie, who now teaches business skills to fitness professionals via a series of products he created and sells on his Web site, HowToGetMoreClients.com .
Seeing that Labadie had created some well-received products of his own, Lee agreed to promote Labadie's product to his long contact list of personal trainers. "That resulted in a decent amount of sales," says Labadie-in fact, he's increased sales 500 percent since he created and started selling the products in 2001. "Plus, there have been other similar alliances I've formed with other trainers and Web sites that sell my products for a commission."
If the thought of shelling out commissions or any of your own money for the sake of an alliance makes you uncomfortable, Labadie advises looking at the big picture: "If you want to keep all the money to yourself, you're really shooting yourself in the foot," says the Tampa, Florida, entrepreneur. "You need to align with other businesses that already have lists of prospective customers. It's the fastest way to success."
5. Diversify. Small-business consultant McGuckin offers several ideas for diversifying your product or service line:
  • Sell complementary products or services
  • Teach adult education or other types of classes
  • Import or export yours or others' products
  • Become a paid speaker or columnist
"Diversifying is an excellent growth strategy, as it allows you to have multiple streams of income that can often fill seasonal voids and, of course, increase sales and profit margins," says McGuckin, who diversified from an accounting, tax and consulting business to speaking, writing and publishing.
Diversifying was always in the works for Darien, Connecticut, entrepreneurs Rebecca Cutler and Jennifer Krane, creators of the "raising a racquet" line of maternity tenniswear , launched in 2002. "We had always planned to expand into other 'thematic' kits, consistent with our philosophies of versatility, style, health and fun," says Cutler. "Once we'd begun to establish a loyal wholesale customer base and achieve some retail brand recognition, we then broadened our product base with two line extensions, 'raising a racquet golf' and 'raising a racquet yoga.'"
Rolling out the new lines last year allowed the partners' current retail outlets to carry more of their inventory. "It also broadened our target audience and increased our presence in the marketplace, giving us the credibility to approach much larger retailers," notes Cutler, who expects to double their 2003 sales this year and further diversify the company's product lines. "As proof, we've recently been selected by Bloomingdale's, A Pea in the Pod and Mimi Maternity."
6. Target other markets. Your current market is serving you well. Are there others? You bet. "My other markets are what make money for me," says McGuckin. Electronic and foreign rights, entrepreneurship programs, speaking events and software offerings produce multiple revenue streams for McGuckin, from multiple markets.
"If your consumer market ranges from teenagers to college students, think about where these people spend most of their time," says McGuckin. "Could you introduce your business to schools, clubs or colleges? You could offer discounts to special-interest clubs or donate part of [your profits] to schools and associations."
Baby boomers, elderly folks, teens, tweens...let your imagination take you where you need to be. Then take your product to the markets that need it.
7. Win a government contract. "The best way for a small business to grow is to have the federal government as a customer," wrote Rep. Nydia M. Velazquez, ranking Democratic member of the House Small Business Committee, in August 2003.  "The U.S. government is the largest buyer of goods and services in the world, with total procurement dollars reaching approximately $235 billion in 2002 alone."
Working with your local SBA and SBDC offices as well as the Service Corps of Retired Executives and your local, regional or state Economic Development Agency will help you determine the types of contracts available to you. The U.S. Chamber of Commerce and the SBA also have a Business Matchmaking Program designed to match entrepreneurs with buyers. "A fair amount of patience is required in working to secure most government contracts," says Johnson & Wales University's Bennett. "Requests for proposals usually require a significant amount of groundwork and research. If you're not prepared to take the time to fully comply with RFP terms and conditions, you'll only be wasting your time."
This might sound like a lot of work, but it could be worth it: "The good part about winning government contracts," says Bennett, "is that once you've jumped through the hoops and win a bid, you're generally not subject to the level of external competition of the outside marketplaces."
8. Merge with or acquire another business. In 1996, when Mark Fasciano founded FatWire , a Mineola, New York, content management software company, he certainly couldn't have predicted what would happen a few years later. Just as FatWire was gaining market momentum, the tech downturn hit hard. "We were unable to generate the growth needed to maximize the strategic partnerships we'd established with key industry players," Fasciano says. "During this tech 'winter,' we concentrated on survival and servicing our clients, while searching for an opportunity to jump-start the company's growth. That growth opportunity came last year at the expense of one of our competitors."
Scooping up the bankrupt company, divine Inc., from the auction block was the easy part; then came the integration of the two companies. "The process was intense and exhausting," says Fasciano, who notes four keys to their success:
  • Customer retention. "I personally spoke with 150 customers within the first few weeks of consummating the deal, and I met with 45 clients around the globe in the first six months," notes Fasciano. They've retained 95 percent of the divine Inc. customer base.
  • Staff retention. Fasciano rehired the best and brightest of divine's staff.
  • Melding technologies. "One of the reasons I was so confident about this acquisition was the two product architectures were very similar," says Fasciano. This allowed for a smooth integration of the two technologies.
  • Focus. "Maybe the biggest reason this acquisition has worked so well is the focus that FatWire has brought to a neglected product," says Fasciano.
FatWire's acquisition of divine in 2003 grew its customer base from 50 to 400, and the company grew 150 percent, from $6 million to $15 million. Fasciano expects no less than $25 million in sales this year.
9. Expand globally. Not only did FatWire grow in terms of customers and sales, it also experienced global growth simply as a result of integrating the best of the divine and FatWire technologies. "FatWire finally has international reach-we've established new offices in the United Kingdom, France, Italy, Spain, Holland, Germany, China, Japan and Singapore," says Fasciano. This increased market share is what will allow FatWire to realize sustained growth.
But you don't need to acquire another business to expand globally. You just need to prime your offering for an international market the way FatWire was primed following the integration of its technologies with divine's.
You'll also need a foreign distributor who'll carry an inventory of your product and resell it in their domestic markets. You can locate foreign distributors by scouring your city or state for a foreign company with a U.S. representative. Trade groups, foreign chambers of commerce in the United States, and branches of American chambers of commerce in foreign countries are also good places to find distributors you can work with.
10. Expand to the Internet. "Bill Gates said that by the end of 2002, there will be only two kinds of businesses: those with an Internet presence, and those with no business at all," notes Sally Falkow a Pasadena, California, Web content strategist. "Perhaps this is overstating the case, but an effective Web site is becoming an integral part of business today."
Landing your Web site in search engine results is key-more than 80 percent of traffic comes via search engines, according to Falkow. "As there are now more than 4 billion Web pages and traffic on the Internet doubles every 100 days, making your Web site visible is vital," she says. "You need every weapon you can get."
Design and programming are also important, but it's your content that will draw a visitor into your site and get them to stay. Says Falkow, "Putting together a content strategy based on user behavior, measuring and tracking visitor click streams, and writing the content based on researched keywords will get you excellent search results and meet the needs of your visitors."

Wednesday, 15 February 2017

The Entrepreneur’s Mindset 

There is a significant different between people who start their own companies and truly successful entrepreneurs. Many people start their own businesses but few people actually achieve the kind of success they dreamed of at the start. What is the difference between people who start up their own business and successful entrepreneurs? The answer is the entrepreneur’s mindset.  
 
Few people actually think like true entrepreneurs. There is a difference between creating a job for yourself and creating a business. A business is something that could still be operational if you, the creator, was to leave. 

That means that you have been able to create a functional entity, not just a job position where you do all of the work. This is the type of mindset you must have if you want to become a truly successful entrepreneur.  
 
Creating an entrepreneurial mindset starts at the beginning, before you do anything to start up your company. It means having a grand vision and passion.  It means carefully considering all that you want your company to be before it even exists. It means imparting your vision, your dreams and your principles into the company right off the bat. You need to ask yourself meaningful questions so that you are able to focus on more than just the day to day functions of running your business. Your business must be built upon your dreams, your passions and your principles. This is the difference between a job and a business.  In addition to how you view your business, you also need to make sure that your personality and your character are appropriate for the struggles of being an entrepreneur. Becoming a successful entrepreneur is long hard work that takes a lot of dedication. Some of the personality and  character traits required to become successful in this venture include organizational skills, the ability to handle pressure, a tolerance for risk, a strong mental drive, a competitive nature, a healthy outlook on life, a positive attitude, decisiveness, patience, optimism and pure strength. This lifestyle also requires self-confidence and independent thought.  
 
It is possible to cultivate an entrepreneur mindset into your daily life if you don’t already have one built in. Some people are naturally designed to be amazing entrepreneurs, while others have to develop these traits within themselves. It doesn’t matter which of these two examples you happen to be. As you have already learned, true entrepreneurism comes from passion and desire. If you have the right amount of passion and desire to achieve something, then you will have the appropriate drive to make all necessary changes and alterations to yourself to make these things come true. This is the art of developing an entrepreneur’s mindset.  
  
Taking What You Have Learned and Incorporating It into How You Think  
 
Having an entrepreneur’s mindset means to incorporate everything that you have learned into how you think and act every single day. It means to focus your energy on what is necessary to succeed in your life, which includes succeeding in your business. The successful entrepreneur does what is necessary to do their job right. This could mean practicing how to focus on the positive aspects, working to overcome your faults and learning as much as you can whenever you can learn it.  
 
A true entrepreneur is never off the clock, even though they know when to work and when to relax. The entrepreneur’s mindset can be applied to every aspect of your life, not just to how you run your business. This way of thinking can be used to improve your relationships with your family and friends, how you develop your hobbies and interests and to your parenting skills. Entrepreneurs are flexible, competent and able learners. There is almost nothing in this life that they cannot do or accomplish, especially if 
there is drive and passion behind their motivations.   
 
Living the Entrepreneur Lifestyle 
 
There are plenty of benefits to living the entrepreneur lifestyle. For many entrepreneurs this lifestyle equals freedom, purpose and enjoyment. It also means hard work and never ending motivation. The successful entrepreneur lives for their work. This doesn’t mean that their job is the only thing in their life- it means that their work is their life’s passion. Could you imagine waking up every day to go to a job that you love and cannot wait to do? This is the lifestyle of the successful entrepreneur and is why it is so 
vitally important for you to choose something that you are truly passionate about.  
 
The entrepreneur’s lifestyle is also one of the main reasons why you will want to undergo this amazing transformation. It is why you want to do something different and more meaningful with your life. This is the different choice. It is not the ‘rat race’ or the ‘daily grind’. It is not ‘working for the man’. It is working for yourself, by yourself and for what you appreciate the most in life. It is a life choice.  
 
Enjoying Your Success 
 
Hopefully you will have what it takes to become a truly successful entrepreneur and will be able to push yourself to accomplish everything it takes to be successful. If you are able to accomplish these feats you will be able to experience what few other people in this world will be able to feel- the ability to enjoy your success in life.  
 
Almost all forms of success bring the pleasure and pride of achievement with them, but few will taste as sweet as success that is self-made. It is truly an amazing thing to be able to look at your successful life, which includes your passion, your dream, your ability to live the kind of life you want and your financial security, and know that it was you who achieved it! So few people have only themselves to thank for the amazing life they live. This feeling is worth more than any money or material possessions you can think of. It is a feeling that can only be experienced through the success of entrepreneurship.  
 
The purpose behind becoming an entrepreneur is to take the time to truly stop and enjoy your success. If not, what is the point of all of your hard work?  
 
So if you think you have what it takes to take on the challenge and develop an entrepreneurial mindset, you should immediately begin the process of doing so. The good news is that there are numerous tools available to help you along the way. From mastering the basic skills and personality traits of successful business owners to learning the finer points of marketing a company, there are hundreds of thousands of learning tools out there to help you achieve your goals. If you are willing to learn the knowledge it will be easily presented to you.  
 
The best advice anyone can give an aspiring entrepreneur is to take advantage of the informational world we live in and to learn as much as you can whenever you can. Smart people take every advantage they can find, and the vast amounts of knowledge available is certainly a considerable 

advantage. Learn what you need to know to become a successful entrepreneur and then create a mindset within yourself that allows you to make the appropriate changes to your physical and mental self. There is nothing you cannot do if you set your mind to it!

Thursday, 9 February 2017

Things to do in order to grow your business


If your business isn’t growing then it is failing. If you aren’t moving forward then you are moving backwards. Once you have the right people in place and have developed a good customer base your company should focus on continual growth. There are lots of ways to promote growth in your company and the specifics will be based on your particular business. For example, growth for a retail business may mean opening up a new store front or developing a new product line. Growth for an IT company could be purchasing or developing a new system. Whatever your company does you need to figure out ways to expand it. This goes beyond just figuring out ways to earn more money. 

Creating Strong Business Relationships

Creating business relationships that are strong is the foundation of growing your business. Customers, clients, suppliers and business associates are the life blood of your business’s growth. You simply cannot forge ahead down the path to success without these helpers, which means you need to develop long-lasting and meaningful relationships with them. These relationships are established on trust and honesty. 

Communicate often.

Communication between your business contacts is extremely important. This is especially true of your customers and your suppliers. These contacts rely on you to tell them what is going on, which includes letting them in on any problems you are experiencing. Communication should be a top priority for your business relationships. 

Meet deadlines.

When a customer deals with your business they expect you to hold up your end of the bargain and deliver on your promises. This certainly means meeting your deadlines. When you promise something to a customer or supplier, you want them to consider your word as your bond. Not having to worry if your business will fulfill its requirements builds trust with customers. 

Try to prevent surprises.

Customers and clients generally don’t like surprises; especially if the service your company provides has a direct link to their livelihood. While it may not be possible for you to prevent unwanted things from happening, being honest with your customers and maintaining communication with them regarding what is going on can help you to eliminate unwanted surprises. 

Being Honest

The value of being an honest business cannot be overstated. Your company will grow faster and reach further if it is based on honest principles and ethics. It is important to strive for honesty at all times and at all levels of your business. 

Honesty will keep your customers coming back.

No business relationship can last if it isn’t based on honesty. Being honest with your clients and customers will help them want to continue to give you their business. Honesty builds trust and this can create a business reputation that will help you grow and get you more clients. 

You should be honest with everyone that has to do with your business, not just your customers and clients. You need to be honest with your employees, your suppliers, your investors and everyone else. This means not making up lies to cover your own basis, owning up to your own mistakes and acknowledging the business’s state to your employees and investors. Again, this kind of honesty creates loyalty. 
 
#2- Be honest with yourself.

Don’t forget to be honest with yourself too. This can be the most brutal form of honesty and one of the hardest things you can do. Being honest with yourself regarding what you really want from your business and what goals you are really looking to achieve is extremely important. Lying to yourself, even in tiny ways, can end up causing you to compromise your business, its ethics and its principles, which can spell disaster. 
#3- Be honest about growth.

Don’t try to grow your business too quickly either.  There is always the idea that a business a business should grow as quickly as it can, but this concept can often lead to trouble. Sustained business growth comes from a clear and detailed strategy. It also comes from having the appropriate systems and processes ready to go in order to cope with this new growth. Don’t focus on everything at one time. Pay attention to the required resources needed to sustain this growth, as many smaller businesses simply don’t have access to the right resources and can get in over their heads.

Sunday, 1 January 2017

WRONG PHILOSOPHIES WE NEED TO CHANGE IN THIS YEAR 2017

1. *"WHATEVER WILL BE, WILL BE"*
```Whatever will be will not be; you have to make it be. You have a part to play in what will be in your life, so don't leave it to chance.```

2. *"HALF BREAD IS BETTER THAN NONE!"*
```Why settle for half bread when you can get  a full bread or even own a bakery. This is a limiting belief that positions you to settle for less and it is a mediocre to philosophy.```

3. *"A FOOL AT FORTY IS A FOOL FOREVER"*
```A fool at any age can be a fool forever if he refuses to let go of his foolishness. It is never too late to become wise because the day you wake up and wise up is the day you CHANGE!```

4. *"ALL FINGERS ARE NOT EQUAL"*
```Yes! Physical fingers in your hands are not equal but that does not make any of them valueless. Lose one and you realise that they are all valuable. You are not even a finger, so why look down on yourself.```

5. *"LIFE BEGINS AT FORTY"*
```If you are below forty and believe this, I feel so sorry for you because it means you are not yet alive.``` 

6. *"WHAT GOES UP MUST COME DOWN"*
```Is your age coming down? Is your wisdom and knowledge coming down? Is the price of goods coming down? Think my friend!```

7. *"HE WHO LAUGH LAST, LAUGHS BEST!"*
```Why laugh last when you can laugh always and why laugh best when laughter is not a competition. When we programmed ourselves with these strange philosophies, they limit and restrict us.```

```Change the way you think and talk..
You will change your world.
You have the opportunity to RECREATE YOUR WORLD```
*Samuel *Okoro*
#geniusworldblog.