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    Managing Your Boss: 4 Rules To Live By and 4 Steps To Take
    John was a former boss of mine. Before I started working for him, I had heard from others that he had a very good reputation and so I was really looking forward to working with him. The office was a very busy one with lots of customer interaction and a very heavy processing workload. After the first couple of months, I got the feeling that there was no real harmony in our relationship and I found it difficult to work out why. John was good with the customers and well liked by other staff, but we just didn't seem to hit it off. It was not until my formal performance appraisal some months later that I finally found out what the problem was. The job I'd taken over was in a real mess and required a great deal of management skill to get it back on track, which I believed I had done well. During my performance appraisal discussion, John acknowledged my good work in this area, but (and it was a big "but" for him) he d
    turn will develop their business and ultimately make them more money. They’ll also discover how to have more work/life balance.

    Invest in the services of a business coach. A good coach will have ‘the rungs on the board’ should also be a good role model of what they do. They’ll show you how to work smarter, not harder. Before signing any agreement, check them out. Speak to other people they’ve worked with.

    Don’t be afraid to invest money in this area. If you can learn how to develop your business so that it runs effectively and is more profitable…why wouldn’t you do so?

    A business coach takes a holistic approach to help you develop your business. They’ll show you how to streamline your operations, have a high performing team, market your business, strategic planning etc.

    The benefits you gain will far outweigh the investment you make. (Attending

    Questionable Collection Ethics Back In The News!
    There's been a lot of bad press lately pertaining to the ethics of debt collectors. As the owner of a collection agency, I'd like to take this opportunity to respond to such allegations. As a general rule, businesses contract with collection agencies in an effort to resolve recovery issues due to extended lines of credit that have failed to be honored.When not pursued diligently, past due accounts are among the leading contributors to serious cash flow issues that prevent businesses from paying their own bills, or forcing them to go out of business altogether. Businesses depend on earned revenue to thrive, it's essential to the life of the business.As a business owner, I understand the urgency of recovering past due revenue. As a collector, it is imperative that we abide by the Fair Debt Collection Practices Act (FDCPA) standards. The role of a collector is to fulfill our obligation to the creditor and a
    I’m always amazed at how disorganised most businesses are. The huge amount of opportunities that fall by the wayside due to poor management. Let me tell you what happened to me recently.

    The Car Dealership

    I stopped off at my local dealership as I was interested in updating my current vehicle. This dealership is very well-known and spend a fortune on advertising trying to attract more buyers.

    I walked in to the new car division and was greeted by a saleswoman. I made some general enquiries and at the end of our conversation decided it wasn’t worthwhile purchasing a new vehicle at that time. The salesperson didn’t know what questions to ask me and relied on me asking all the questions. She obviously hadn’t been trained in selling. When I left she didn’t even ask me for my contact details.

    I then walked over to the Used Car division. There were two salesmen filling in the afternoon, chatting about the cricket. I had to interrupt their very important conversation to get some assistance. I then asked all the relevant questions (remember I’m the buyer here, not the seller…it should have been the other way around) and I looked at a couple of different cars. Not once did the salesman try to point out the benefits of the cars. All he did was watch me. When I said “thanks very much for your time’”, he said “have a great day”.

    Again, there was an opportunity to sell me and he did nothing!

    The Real Estate Agent

    I went to a seminar and heard a well-known agent speak about how they have successfully built their business and how much they really look after their clients.

    A couple of weeks later, I rang one of his agents as I was interested in a particular development. I left a message and mentioned that I was seriously looking and to call me back. I had to ring three days later as the call was never returned. The saleswoman gave no apology and was in fact very unfriendly. (Possibly because it was a Sunday). I asked her a few questions and it turned out there wasn’t a suitable apartment in the block that would fit my scenario. Instead of asking for all my contact details, she just hung up!

    What Should Have Happened?

    First of all the owners of these businesses should have their people undertake a training course to learn the art of selling. Programs like Wayne Berry’s Sales Bootcamp (Click Here For Details) are ideal. Not only that… and this is a big one, they need to learn how to follow up. These ‘salespeople’ should have asked for my contact details and had a system to stay in contact with me. At some stage the right product to suit my needs could become available and all they had to do was call an already ‘hot prospect’.

    What Can You Do To Increase Your Profits?

    Train your people…constantly. You can’t be an expert in everything, send your people out to conferences, seminars and workshops so they can gain valuable skills and utilise them in your business. Make sure you go as well.

    At many of my public workshops on “How to Have Less Mess, Less Stress and More Success”, quite often business owners and managers send their staff along. Their people gain great benefit from attending, although without a doubt, the staff’s biggest challenge is management. It’s the management who need to attend the most as they can influence change.

    Learn how to get organised and manage your time. Business owners are generally too busy being reactive and don’t spend time developing themselves and their people which in turn will develop their business and ultimately make them more money. They’ll also discover how to have more work/life balance.

    Invest in the services of a business coach. A good coach will have ‘the rungs on the board’ should also be a good role model of what they do. They’ll show you how to work smarter, not harder. Before signing any agreement, check them out. Speak to other people they’ve worked with.

    Don’t be afraid to invest money in this area. If you can learn how to develop your business so that it runs effectively and is more profitable…why wouldn’t you do so?

    A business coach takes a holistic approach to help you develop your business. They’ll show you how to streamline your operations, have a high performing team, market your business, strategic planning etc.

    The benefits you gain will far outweigh the investment you make. (Attending

    Business Cards
    Business cards help businesspeople present a good company image by highlighting the services provided by a particular company. They can also help to enhance the personal image of a businessperson. Production and printing costs of business cards are low, but benefits are high, as they make a statement in the business world. As a result, the market value of business cards is high.Business card specialists may be employed to design a card that aptly suits the brand image and personality of the user. A custom-made corporate card serves as a great advertising gimmick. The use of business cards is a self-effacing and high-performance way of marketing. One or two color business cards can be printed overnight, but multi-color customized cards take a bit longer and cost more. Costs involved in printing corporate cards can be justified by the marketing benefits they create.There are two basic varieties of business
    o salesmen filling in the afternoon, chatting about the cricket. I had to interrupt their very important conversation to get some assistance. I then asked all the relevant questions (remember I’m the buyer here, not the seller…it should have been the other way around) and I looked at a couple of different cars. Not once did the salesman try to point out the benefits of the cars. All he did was watch me. When I said “thanks very much for your time’”, he said “have a great day”.

    Again, there was an opportunity to sell me and he did nothing!

    The Real Estate Agent

    I went to a seminar and heard a well-known agent speak about how they have successfully built their business and how much they really look after their clients.

    A couple of weeks later, I rang one of his agents as I was interested in a particular development. I left a message and mentioned that I was seriously looking and to call me back. I had to ring three days later as the call was never returned. The saleswoman gave no apology and was in fact very unfriendly. (Possibly because it was a Sunday). I asked her a few questions and it turned out there wasn’t a suitable apartment in the block that would fit my scenario. Instead of asking for all my contact details, she just hung up!

    What Should Have Happened?

    First of all the owners of these businesses should have their people undertake a training course to learn the art of selling. Programs like Wayne Berry’s Sales Bootcamp (Click Here For Details) are ideal. Not only that… and this is a big one, they need to learn how to follow up. These ‘salespeople’ should have asked for my contact details and had a system to stay in contact with me. At some stage the right product to suit my needs could become available and all they had to do was call an already ‘hot prospect’.

    What Can You Do To Increase Your Profits?

    Train your people…constantly. You can’t be an expert in everything, send your people out to conferences, seminars and workshops so they can gain valuable skills and utilise them in your business. Make sure you go as well.

    At many of my public workshops on “How to Have Less Mess, Less Stress and More Success”, quite often business owners and managers send their staff along. Their people gain great benefit from attending, although without a doubt, the staff’s biggest challenge is management. It’s the management who need to attend the most as they can influence change.

    Learn how to get organised and manage your time. Business owners are generally too busy being reactive and don’t spend time developing themselves and their people which in turn will develop their business and ultimately make them more money. They’ll also discover how to have more work/life balance.

    Invest in the services of a business coach. A good coach will have ‘the rungs on the board’ should also be a good role model of what they do. They’ll show you how to work smarter, not harder. Before signing any agreement, check them out. Speak to other people they’ve worked with.

    Don’t be afraid to invest money in this area. If you can learn how to develop your business so that it runs effectively and is more profitable…why wouldn’t you do so?

    A business coach takes a holistic approach to help you develop your business. They’ll show you how to streamline your operations, have a high performing team, market your business, strategic planning etc.

    The benefits you gain will far outweigh the investment you make. (Attending

    Banking - Inventory Collateral
    This segment will explain the essentials of how a bank evaluates the inventory that is offered as collateral for a business loan or an operating line of credit. As explained in the segment on equity, this is not supposed to be a text book course, but explains briefly what you will encounter in the real world of business finance.These comments are not for the retail business; they apply to wholesalers, importers and manufacturers.The amount of money the financial institution will be prepared to lend you will depend a great deal on the amount and ease of realization of the inventory collateral you can offer to cover the loan, in case there is a default in repayment.It is not just the amount of the collateral, but the quality of the collateral, and whether it would realize enough to repay the loan if there was a liquidation of the business.A typical example might be that your main c
    hat I was seriously looking and to call me back. I had to ring three days later as the call was never returned. The saleswoman gave no apology and was in fact very unfriendly. (Possibly because it was a Sunday). I asked her a few questions and it turned out there wasn’t a suitable apartment in the block that would fit my scenario. Instead of asking for all my contact details, she just hung up!

    What Should Have Happened?

    First of all the owners of these businesses should have their people undertake a training course to learn the art of selling. Programs like Wayne Berry’s Sales Bootcamp (Click Here For Details) are ideal. Not only that… and this is a big one, they need to learn how to follow up. These ‘salespeople’ should have asked for my contact details and had a system to stay in contact with me. At some stage the right product to suit my needs could become available and all they had to do was call an already ‘hot prospect’.

    What Can You Do To Increase Your Profits?

    Train your people…constantly. You can’t be an expert in everything, send your people out to conferences, seminars and workshops so they can gain valuable skills and utilise them in your business. Make sure you go as well.

    At many of my public workshops on “How to Have Less Mess, Less Stress and More Success”, quite often business owners and managers send their staff along. Their people gain great benefit from attending, although without a doubt, the staff’s biggest challenge is management. It’s the management who need to attend the most as they can influence change.

    Learn how to get organised and manage your time. Business owners are generally too busy being reactive and don’t spend time developing themselves and their people which in turn will develop their business and ultimately make them more money. They’ll also discover how to have more work/life balance.

    Invest in the services of a business coach. A good coach will have ‘the rungs on the board’ should also be a good role model of what they do. They’ll show you how to work smarter, not harder. Before signing any agreement, check them out. Speak to other people they’ve worked with.

    Don’t be afraid to invest money in this area. If you can learn how to develop your business so that it runs effectively and is more profitable…why wouldn’t you do so?

    A business coach takes a holistic approach to help you develop your business. They’ll show you how to streamline your operations, have a high performing team, market your business, strategic planning etc.

    The benefits you gain will far outweigh the investment you make. (Attending

    Online Trading Journals for the Savvy Investor
    Online trading journals have a distinct advantage over printed materials. The stock market is a volatile mechanism that changes on a minute-by-minute basis. To understand it, you must understand how historical data compares to changes that have occurred within the past forty-eight hours.You can evaluate the strategies provided by online trading journals to evaluate which stock picks you would like to pursue. Stock trades should be based on sound research. You should be comfortable with the stock trades that you make. The more you learn about each trade that you are about to make, the better your choices.Many stock trading journals focus on the trends of investing. This incorrectly encourages stock picks based on what others have done. This is a reactive form of investing where investors play catch up in order to mimic the moves made by the initial investors that sought that stock. The trouble is that the
    me available and all they had to do was call an already ‘hot prospect’.

    What Can You Do To Increase Your Profits?

    Train your people…constantly. You can’t be an expert in everything, send your people out to conferences, seminars and workshops so they can gain valuable skills and utilise them in your business. Make sure you go as well.

    At many of my public workshops on “How to Have Less Mess, Less Stress and More Success”, quite often business owners and managers send their staff along. Their people gain great benefit from attending, although without a doubt, the staff’s biggest challenge is management. It’s the management who need to attend the most as they can influence change.

    Learn how to get organised and manage your time. Business owners are generally too busy being reactive and don’t spend time developing themselves and their people which in turn will develop their business and ultimately make them more money. They’ll also discover how to have more work/life balance.

    Invest in the services of a business coach. A good coach will have ‘the rungs on the board’ should also be a good role model of what they do. They’ll show you how to work smarter, not harder. Before signing any agreement, check them out. Speak to other people they’ve worked with.

    Don’t be afraid to invest money in this area. If you can learn how to develop your business so that it runs effectively and is more profitable…why wouldn’t you do so?

    A business coach takes a holistic approach to help you develop your business. They’ll show you how to streamline your operations, have a high performing team, market your business, strategic planning etc.

    The benefits you gain will far outweigh the investment you make. (Attending

    How to Avoid a Common Meeting Planner's Nightmare
    Next thing you know, you've got problems: You discover the system doesn’t work as well as you’d hoped. You call Customer Service, but can’t seem to get the help you need. So, you decide to switch services. But to your dismay, you discover you’re going to lose a lot of money if you switch now because you’re locked into a contract.Frighteningly, this scenario is not uncommon. A lot of unsuspecting folks get into bad deals with less-than-ideal products… and then have to pay a fortune to switch.For this reason, it is essential that you only use services that let you “try it before you buy it.” This prevents you from getting locked into a system that isn’t right for you. With a system like this, you should never have to worry about getting “stuck” because you can try it out for free… plus we offer pay-as-you-go pricing and never require you to sign a contract. You should only use our system if you LOVE it,
    turn will develop their business and ultimately make them more money. They’ll also discover how to have more work/life balance.

    Invest in the services of a business coach. A good coach will have ‘the rungs on the board’ should also be a good role model of what they do. They’ll show you how to work smarter, not harder. Before signing any agreement, check them out. Speak to other people they’ve worked with.

    Don’t be afraid to invest money in this area. If you can learn how to develop your business so that it runs effectively and is more profitable…why wouldn’t you do so?

    A business coach takes a holistic approach to help you develop your business. They’ll show you how to streamline your operations, have a high performing team, market your business, strategic planning etc.

    The benefits you gain will far outweigh the investment you make. (Attending our upcoming workshop on 7 Key Strategies To Grow An Ideal Business, February 10 will provide you with tips, tools and tactics to accelerate your business success)

    John’s Story

    John runs a manufacturing business. He used to constantly blame his manager Dean for underperforming. He felt Dean didn’t get the work done and this in turn put pressure on himself to pick up the pieces and sometimes double his own workload.

    There were various reasons why Dean was underperforming, however the key one was John. He had very poor leadership skills, in fact his whole organisation was a direct reflection of himself…chaotic. So much time and money was wasted in that business because of the owner. This reflected also in staff turnover.

    New people would be hired and ‘trained’ then a few months later leave because of the chaos.

    John, undertook our Masterful Manager’s Program. This program includes a profile which measures many skills that are critically important to a person’s success. We used a 360 degree approach which means that not only did the business owner rate himself, he also received feedback from key team members in his business. All of this was done confidentially so that John did not know which people had said what. This part of the process was extremely important otherwise his people would not tell us the real truth for fear of repercussions.

    John was blown away by his team’s comments. Some were very complimentary, others were not. Through this process we were able to determine exactly what the challenges were and then could work through the solutions. John had no idea that it was himself that was stopping his business from growing.

    We also had Dean, the manager participate in this program, with John the owner plus other team members who reported to Dean provide their feedback. There were lots of areas to address here, however the key one was that Dean was in the wrong position. He did not have the skills required for this role and was much better suited elsewhere in the company.

    This simple, yet very effective process has saved John thousands of dollars.

    He now has a new manager who had to be recruited from outside his company as he didn’t have the right person to fulfil this role and Dean is doing extremely well as the Financial Controller. (He never should have been in the manager’s role as his personality, let alone his skills were unsuitable for the position.) Dean just wanted to close the door every day and get on with his work.

    Both of them are extremely happy now, John is on his way to becoming a very effective leader, he’s retaining his people and his own productivity has gone through the roof. Now that he has more time he can pay attention to what's onging on in his business. Productivity has increased dramatically resulting in more sales.

    The Final Word

    It doesn’t take much to become more profitable, it’s just knowing what you need to do... and then just doing it!

    Have a great week!

    Lorraine Pirihi

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