One of the biggest misconceptions in business is that entrepreneurs are always risk takers. This is simply not true. Successful entrepreneurs are often “risk-avoiders.” They do everything possible to minimize the risks involved in earning the profit, since earning a profit is their central focus and preoccupation. And earning a profit must also be your central focus as well…. Read more
Because of the continuous change, rapid obsolescence, and an uncertain economy, certain risk factors of buying the wrong products and services has become greater than ever before…. Read more
If everyone agrees that excellent time management is one of the most desirable personal skills, why is it that so few people can be described as ‘‘well organized or efficient’’?… Read more
To obtain the type of financial independence you’ve been dreaming about all your life, you must learn to develop a “millionaire mindset”. Thomas Stanley and William Danko, in The Millionaire Next Door, explain that most wealthy people and self-made millionaires drive used cars, live in average neighborhoods, wear average priced clothes and watches and are very careful with their money…. Read more
Successful people maintain good habits that go hand in hand with success in every area of endeavor. There is nothing that will bring you to the attention of your superiors faster than developing a reputation for being a hard-working and dependable worker. How you work determines the quality and quantity of your rewards…. Read more
SMART goals are absolutely essential to motivating employees for people in management roles. Using them will help you create an environment where they can win, and feel like winners.
The 10/90 rule in smart goal setting says that the first 10% of the time that you spend developing absolute clarity about what is to be done will save you 90% of the time once you begin. It can also save you 90% of the mistakes, the costs, and the time of other people involved.
Only by discovering your innate, personal skills and developing and exploiting them to their highest degree can you utilize yourself to get the greatest amount of satisfaction and enjoyment from everything you do. Creating an action plan through personal strategic planning can give you the highest rewards for your efforts and is the starting point in getting the best out of yourself…. Read more
Over the years, exhaustive research has been done on top teams and peak performance. There seem to be given characteristics or qualities of peak performance teams that you can incorporate into your strategy to reach your business goals.
The words “team work” and “team building” are two of the most popular phrases in modern management today. They are often announced as though they are great discoveries that have only become evident as a result of the speed of change in the last decade of the 20th century…. Read more