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  • Actual for You - The Great Debate: Quality or Quantity?

    Show Me The Green
    There was a time that one could assume that the phrase ‘show me the green' was interchangeable with ‘show me the money' (and in some respects it still is), but today it's really taking on a whole new meaning – it's a phrase with a movement behind it.We, the people, are changing our view of green as fast as the kaleidoscope will turn. And the color is vivid. We are thinking green in our lifestyles, our products, the food we eat, the homes we live in and the world we inhabit. And if we're thinking and living green in all of those areas it stands to reason that this green-way of thinking will spill over into being green in our careers.But what does ‘being' green in your career mean? Well, it is different for different people – some say it means working for a company that is producing environmentally safe products, or clean technology. Others say it is working for a company who is giving back to the community, some say it's about recycling and others say ‘hey, it's just a place I go to from 9a – 5p and it pays the bills' (ouch…)!ly many see the value -- over 2,000 of Ecademy's 47,000 members have already applied. The fact that people will pay that much money is proof that people value online network systems such as Ecademy. Membership is limited to 25 new members per month, "because Thomas Power and Roger Hamilton have limited time available to serve BlackStar Life Members and wish to provide exceptional service and intimacy levels," and "to ensure quality levels, service levels, and qualification levels." While Thomas may practice the volume approach for himself, he recognizes that it's not necessarily the approach everyone wants or needs, and that building stronger relationships requires doing so with a smaller number of people.

    So, back to the original question: How do you find the right balance of strong ties with highly relevant people vs. maximizing the number of people in your network?

    The answer is that each person's needs are different, and

    Shave Years Off Becoming Successful On The Internet
    Look at all the most successful athletes and business people, they ALL have coaches. So what does that tell you? Well, for one thing, stop being so darn independent!Ever since childhood we were taught in school to NEVER look at another student's test or discuss how to solve a problem. Sure there are times when you worked together when working on fun kid projects in the classroom and singing "Yankee doodle" together, but for the most part they wanted us to think for ourselves.Unfortunately that's not how the real world works if you want to be a success more quickly and easily. To put it simply, you are not the smartest person in the world and you cannot possibly do everything by yourself.You readily accept this fact if you wanted to learn how to play the piano, martial arts, or sports because you know you need a coach. If you don't, and if you are not a prodigy, then you are going to waste years of your life trying to be cheap and doing everything by yourself.Yet when it comes to your success on how to make money o
    Experts have long debated just how big your professional network should be. Should you focus more on the quantity or quality of your relationships? The easy answer, of course, is "both." Unfortunately, though, there are only so many hours in the day. Building and maintaining relationships take time; building stronger relationships takes more time.

    Given that your time is limited, the number of your relationships and the average strength of your relationships end up being inversely proportional. The more people you know, the less well you know them. If you want to build stronger relationships, you're going to have to do so with a smaller number of people. You can spend all of your time with your close friends and family (strong ties, low number), or spread yourself thin across a wide number of people (weak ties, high number). However, maintaining both high strength and high number is physically impossible. How can you find the proper balance between strength and number?

    This debate has been exacerbated by the proliferation of social networking sites that make it feasible to have a personal "network" of several thousand people. The leaders of some of the networks have taken some strong stands on the issue:

    • Thomas Power of Ecademy says, "Go for volume over 'quality,'" arguing that there's no such thing as a quality person vs. a non-quality person. He walks the talk -- he's personally met with several thousand Ecademy members one on one.
    • At the other end of the spectrum, Mike Walsh, CEO of Leverage Software, says, "Look for quality," and encourages people to look for networking sites with features that help you evaluate whether a certain contact is worth pursuing or not.
    • And Adrian Scott of Ryze, discussing some changes in Ryze's policies and functionality, said, "We'd like to create an environment that encourages quality, rather than quantity for its own sake."
    Those absolutes are difficult to sustain in practice. For example, LinkedIn very strongly positions itself on the quality of its membership and encourages members to focus on people you've worked with before in some capacity. Their tips on who to invite say:
    • Only invite those you know well
    • Only invite those you trust
    • Only invite those you want to forward things to you
    But at the same time, the design of the site encourages people to maximize their number of connections. The more people you're directly connected to, the fewer number of degrees away you are from people, on average. With more direct connections, you can see more people, more people can see you, and you're more likely to come up at the top of searches, which by default order the results by "degrees away from you." The FAQ may encourage quality over quantity, but in practice, quantity is also rewarded. This is a fundamental tension in LinkedIn's design. What allows LinkedIn to still be a valuable application is that quantity also carries a cost: more link requests which you are likely to reject. Some of the most-connected people on LinkedIn have complained about the number of irrelevant requests they're getting. That's exactly the way the system should work; those people are paying the price for linking indiscriminately.

    Another interesting example of the value that people place on quality relationships is the new Ecademy BlackStar program: a lifetime membership, plus some exclusive coaching, introductions, and other services, all for a $4,500 one-time fee. While that might seem prohibitively expensive, apparently many see the value -- over 2,000 of Ecademy's 47,000 members have already applied. The fact that people will pay that much money is proof that people value online network systems such as Ecademy. Membership is limited to 25 new members per month, "because Thomas Power and Roger Hamilton have limited time available to serve BlackStar Life Members and wish to provide exceptional service and intimacy levels," and "to ensure quality levels, service levels, and qualification levels." While Thomas may practice the volume approach for himself, he recognizes that it's not necessarily the approach everyone wants or needs, and that building stronger relationships requires doing so with a smaller number of people.

    So, back to the original question: How do you find the right balance of strong ties with highly relevant people vs. maximizing the number of people in your network?

    The answer is that each person's needs are different, and

    Managing Your Manager
    A managers job in the workplace is to convey meaning in the actions of their employees, and they are looking for certain attributes during the interview process that you should know about. First, most managers love employees that agree with their point of view. This dangerous fundamental emotion is a basic human feeling. We all want our point of view to be understood.As a new employee looking for a job you can attack this one of two ways. You can either agree with your boss and risk the organization or department of xyz company to form a groupthink mindset, or you can speak your mind and form a setting that your manager would like to form for himself, but can not figure out how. Through diversity and playing the role of the devils advocate, you can personally improve the culture within months or even weeks of your arrival at your new job. The best part is that you dont have to be a new employee to begin the remodeling strategy. Ask questions like why do we do it this way and could it be done better in a different str
    r balance between strength and number?

    This debate has been exacerbated by the proliferation of social networking sites that make it feasible to have a personal "network" of several thousand people. The leaders of some of the networks have taken some strong stands on the issue:

    • Thomas Power of Ecademy says, "Go for volume over 'quality,'" arguing that there's no such thing as a quality person vs. a non-quality person. He walks the talk -- he's personally met with several thousand Ecademy members one on one.
    • At the other end of the spectrum, Mike Walsh, CEO of Leverage Software, says, "Look for quality," and encourages people to look for networking sites with features that help you evaluate whether a certain contact is worth pursuing or not.
    • And Adrian Scott of Ryze, discussing some changes in Ryze's policies and functionality, said, "We'd like to create an environment that encourages quality, rather than quantity for its own sake."
    Those absolutes are difficult to sustain in practice. For example, LinkedIn very strongly positions itself on the quality of its membership and encourages members to focus on people you've worked with before in some capacity. Their tips on who to invite say:
    • Only invite those you know well
    • Only invite those you trust
    • Only invite those you want to forward things to you
    But at the same time, the design of the site encourages people to maximize their number of connections. The more people you're directly connected to, the fewer number of degrees away you are from people, on average. With more direct connections, you can see more people, more people can see you, and you're more likely to come up at the top of searches, which by default order the results by "degrees away from you." The FAQ may encourage quality over quantity, but in practice, quantity is also rewarded. This is a fundamental tension in LinkedIn's design. What allows LinkedIn to still be a valuable application is that quantity also carries a cost: more link requests which you are likely to reject. Some of the most-connected people on LinkedIn have complained about the number of irrelevant requests they're getting. That's exactly the way the system should work; those people are paying the price for linking indiscriminately.

    Another interesting example of the value that people place on quality relationships is the new Ecademy BlackStar program: a lifetime membership, plus some exclusive coaching, introductions, and other services, all for a $4,500 one-time fee. While that might seem prohibitively expensive, apparently many see the value -- over 2,000 of Ecademy's 47,000 members have already applied. The fact that people will pay that much money is proof that people value online network systems such as Ecademy. Membership is limited to 25 new members per month, "because Thomas Power and Roger Hamilton have limited time available to serve BlackStar Life Members and wish to provide exceptional service and intimacy levels," and "to ensure quality levels, service levels, and qualification levels." While Thomas may practice the volume approach for himself, he recognizes that it's not necessarily the approach everyone wants or needs, and that building stronger relationships requires doing so with a smaller number of people.

    So, back to the original question: How do you find the right balance of strong ties with highly relevant people vs. maximizing the number of people in your network?

    The answer is that each person's needs are different, and

    Doing Well On Job Interviews
    When interviewing for a job, it's vital to make a good first impression. Unless you are hired, it will likely be your only opportunity to make an impression in front of that employer. Although your resume may get you in the door, in order to get the position you desire you must also do well on the interview. Here are some tips for succeeding with the interview process.A job interview lets your prospective employer meet with you to make sure you have the job skills necessary to perform the job adequately and also determine whether your personality will be a good fit with the co. If you wish to impress your interviewer there are a few things to keep in mind. These things are: 1) Be prepared to ask and answer questions. 2) Dress appropriately. 3) Show off your positive personality traits.People often don't prepare for their interview. They don’t anticipate what they will be asked and also haven't prepared questions about their prospective employer which would show the interviewer that they know about the company, or are interested in th
    p://ryze.com">Ryze, discussing some changes in Ryze's policies and functionality, said, "We'd like to create an environment that encourages quality, rather than quantity for its own sake." Those absolutes are difficult to sustain in practice. For example, LinkedIn very strongly positions itself on the quality of its membership and encourages members to focus on people you've worked with before in some capacity. Their tips on who to invite say:
    • Only invite those you know well
    • Only invite those you trust
    • Only invite those you want to forward things to you
    But at the same time, the design of the site encourages people to maximize their number of connections. The more people you're directly connected to, the fewer number of degrees away you are from people, on average. With more direct connections, you can see more people, more people can see you, and you're more likely to come up at the top of searches, which by default order the results by "degrees away from you." The FAQ may encourage quality over quantity, but in practice, quantity is also rewarded. This is a fundamental tension in LinkedIn's design. What allows LinkedIn to still be a valuable application is that quantity also carries a cost: more link requests which you are likely to reject. Some of the most-connected people on LinkedIn have complained about the number of irrelevant requests they're getting. That's exactly the way the system should work; those people are paying the price for linking indiscriminately.

    Another interesting example of the value that people place on quality relationships is the new Ecademy BlackStar program: a lifetime membership, plus some exclusive coaching, introductions, and other services, all for a $4,500 one-time fee. While that might seem prohibitively expensive, apparently many see the value -- over 2,000 of Ecademy's 47,000 members have already applied. The fact that people will pay that much money is proof that people value online network systems such as Ecademy. Membership is limited to 25 new members per month, "because Thomas Power and Roger Hamilton have limited time available to serve BlackStar Life Members and wish to provide exceptional service and intimacy levels," and "to ensure quality levels, service levels, and qualification levels." While Thomas may practice the volume approach for himself, he recognizes that it's not necessarily the approach everyone wants or needs, and that building stronger relationships requires doing so with a smaller number of people.

    So, back to the original question: How do you find the right balance of strong ties with highly relevant people vs. maximizing the number of people in your network?

    The answer is that each person's needs are different, and

    Follow Up Tips for Computer Services Part 2
    Follow up, as we said last time, is a critical component of your marketing system. You need to stay in touch with your contacts. The tricky part is making sure your follow up doesn't cross over into pestering. This is where creative follow up comes in.Last time we gave you some follow up tips, here are some more to help you kick start your follow up strategy:Ask your contacts to get together with you over breakfast, lunch, dinner, golf etc... to catch up or explore potential business energies.When you are running a special promotion, send your prospects a follow up letter extending the offer to them personally.Pass along a newspaper or magazine clipping or URL that you think could be of interest to your prospects.Periodically send along some educational tips or FAQ’s as a creative follow up.Send along a case study. This type of follow up showcases how you are helping other businesses like theirs.When something new and interesting happens, use the opportunity to send a follow up letter. Examples
    an see you, and you're more likely to come up at the top of searches, which by default order the results by "degrees away from you." The FAQ may encourage quality over quantity, but in practice, quantity is also rewarded. This is a fundamental tension in LinkedIn's design. What allows LinkedIn to still be a valuable application is that quantity also carries a cost: more link requests which you are likely to reject. Some of the most-connected people on LinkedIn have complained about the number of irrelevant requests they're getting. That's exactly the way the system should work; those people are paying the price for linking indiscriminately.

    Another interesting example of the value that people place on quality relationships is the new Ecademy BlackStar program: a lifetime membership, plus some exclusive coaching, introductions, and other services, all for a $4,500 one-time fee. While that might seem prohibitively expensive, apparently many see the value -- over 2,000 of Ecademy's 47,000 members have already applied. The fact that people will pay that much money is proof that people value online network systems such as Ecademy. Membership is limited to 25 new members per month, "because Thomas Power and Roger Hamilton have limited time available to serve BlackStar Life Members and wish to provide exceptional service and intimacy levels," and "to ensure quality levels, service levels, and qualification levels." While Thomas may practice the volume approach for himself, he recognizes that it's not necessarily the approach everyone wants or needs, and that building stronger relationships requires doing so with a smaller number of people.

    So, back to the original question: How do you find the right balance of strong ties with highly relevant people vs. maximizing the number of people in your network?

    The answer is that each person's needs are different, and

    Turnaround Finance - Solution by Vultures or Angels?
    An injection of turnaround finance involves saving a potentially insolvent company from irreversible insolvency and returning the company to a stable financial and operational position. The objective is to achieve this whilst maximising creditors' interests and the interests of employees, managers and shareholders. Popularised by such media productions as Dragon’s Den (starting in Japan, now exported to the USA and UK), private wealth may be granted where the investor believes there is a future for the business. This article deals with turnaround finance for both under-performing businesses and businesses that are either insolvent or potentially insolvent.The Progress PathTurnarounds are achieved by a combination of financial, crisis management, restructuring and insolvency skills. The first step is to determine why the company is in the state it is. Realistically, is there anything that can be done to reverse the trend. Analysis is the key to really get into the problem. The analysis will resemble the three legged s
    ly many see the value -- over 2,000 of Ecademy's 47,000 members have already applied. The fact that people will pay that much money is proof that people value online network systems such as Ecademy. Membership is limited to 25 new members per month, "because Thomas Power and Roger Hamilton have limited time available to serve BlackStar Life Members and wish to provide exceptional service and intimacy levels," and "to ensure quality levels, service levels, and qualification levels." While Thomas may practice the volume approach for himself, he recognizes that it's not necessarily the approach everyone wants or needs, and that building stronger relationships requires doing so with a smaller number of people.

    So, back to the original question: How do you find the right balance of strong ties with highly relevant people vs. maximizing the number of people in your network?

    The answer is that each person's needs are different, and the way to optimize the value of your network is to determine the necessary level of strength required to accomplish your goals, and then maximize the number of people at that level.

    For example, if you are selling investment banking or strategic consulting services, you need a high strength level for someone to buy your services. These are big-ticket items which require a high level of trust in their provider. Ideally, you have a small number of close relationships with senior executives who are in a position to buy these services. You may be tempted to try to meet everyone in your golf club, but that is both unrealistic and unproductive. Instead, develop a substantial relationship with the top thirty most relevant to you.

    However, if you are a celebrity trying to sell movie tickets, your relationships can be much weaker but your number has to be much higher. Movie stars mainly make money by selling people the chance to watch a movie for $5-$10 per view. They try to have ties with as many fans as possible.

    There is no one right solution overall; your needs will likely be different from one context to another. For example, the movie star will want to develop strong ties with producers and directors.

    Because time is the constraining factor, seek out strategies that allow you to build stronger relationships or reach more people with the same amount of effort. The effective use of technology offers several such strategies:

    Take private conversations public.
    Rather than carrying on an email conversation with just one person about a topic of mutual interest, move it to a discussion forum or mailing list, where more people can participate and offer their input, as well as benefit from your knowledge and ideas. Or cc: a few other carefully selected people to include in the conversation.

    Start a newsletter or blog, and make it personal.
    Make it possible for hundreds, or even thousands, to keep up with what's going on in your life and business. Rather than making it an impersonal article or collection of articles, make it about your personal experience, even when talking about your business. This approach is what helped Chris Pirillo grow Lockergnome to nearly a million highly loyal readers.

    Write more effective emails.
    Once you learn how, it doesn't take much longer to write a good email than a bad one.

    Master mail merge.
    As we discussed last month, the effective use of mail merge, even in small quantities, can dramatically increase your ability to keep "high touch" with a large number of people.

    Focus on quality venues.
    For example, having an article published in a major periodical is going to serve you better than being in "Joe's E-zine." It may take a bit more time to pitch it, but no longer to write it.

    Say less in more places.
    If you have time to make, say, 10 good contributions a week to discussion forums, it's probably preferable to post one message each in 10 different networks than 10 in a single group. You're helping more people, instead of becoming a boor in one location.

    Above all, respect that there is no one right approach, and that what works for you may not work well for someone else. Seek out venues where you will meet the kind of people who can support you -- and who you can support -- in achieving your professional goals, determine the strength of relationships you want with them, and gradually grow the number of people in your network at a pace that allows you to maintain the relationships you've already created.

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