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Showing posts with label Business Strategy. Show all posts
Showing posts with label Business Strategy. Show all posts

Saturday, October 22, 2011

The Other Epidemic Of Obesity



It’s high time business slimmed down and stopped fooling itself with crash ‘diets’ of job cuts and outsourcing

The media are happy to keep reminding us that people in the developed world, especially the United States, are growing ever fatter; that obesity starts in childhood and continues thereafter to pump itself up on a diet of junk food, sodas, and ‘super-sized’ portions.

Yet what we almost never hear about is the exact same process going on in our businesses. Here it’s not junk food that is the problem, it’s junk activities and the ‘empty calories’ of time wasted on things that have no real bearing on business success.

Just like many overweight individuals, business also has its diet fads — few of which ever work for more than a short time. When the bloat gets big enough to squash profits, organizations rush to shed jobs and cut back on ‘soft targets’ like training and research. For a while, the panacea was outsourcing overseas — until that got too expensive.

All these fads tackle the symptoms, but never the underlying cause. It’s just the same with individuals in their working lives. They ‘fatten up’ their schedules and working days with empty calories: activit amounts of time while producing little or nothing of any real use.

Corporate ‘empty calories’

What are these productivity and time wasters? At a corporate level, they include endless meetings and PowerPoint presentations, which waste time both in preparation and delivery; providing reports no one reads and statistics nobody uses or understands; preparing budgets that conceal the truth and quarterly figures that do the same; dreaming up projects and initiatives that spawn countless working groups — until they are dropped like all those before them; engaging in petty, inter-departmental feuds and internal warfare; the endless rules and regulations dreamed up by head office types seeking to justify their existence; and — worst of all — spending money asking external consultants to provide options and answers to problems that are totally the responsibility of in-house management.

Most such corporate ‘junk food’ emanates from the executive suite. Like the real stuff, it ‘fattens’ the organization — demanding resources, time, and energy — while providing nothing to further the business. Much of it is only there to satisfy some person’s lust for power, or provide ‘information’ to justify a piece of blatant self-interest. It’s intake without any healthy nutritional value in business terms.

The outcome is sluggish, bloated, top-heavy organizations addicted to the sweet indulgences provided by eager consultants, busily fattening their pay-checks on ‘busy work,’ while distracting managers from the fact that they need to shape up, slim down, and start doing what they are paid to do — and doing it themselves.

Individuals and their bloated calendars

It’s not simply corporations that become addicted to ‘binge eating’ on useless activities, followed by crash diets of lay-offs and budget cuts. Individual managers do it as well, alternating between adding to their overwork and taking up the latest productivity fad to try to slim down again afterwards.

For such individuals, empty calories include notorious time-wasters like constant Instant Messaging; sending useless e-mails to everyone imaginable; calling pointless meetings to provide the illusion of being in control; continual micro-management (for the same reason); demanding that people check-in constantly — even when there is nothing to report; and running from meeting to meeting, convinced that a packed schedule indicates importance, when all it proves is that they rarely devote any time to their real jobs.

Corporations filled with people like this find that the number of managers constantly rises (all these activities demand more and more people to keep them going), while those who do the real work are ‘thinned out’ to pay the cost of management bloating.

Productivity means never wasting time on what doesn’t matter

At every level, the simplest way to drive up productivity is to remove waste. Don’t spend time on what isn’t relevant to the business. Don’t apply energy to what doesn’t matter. Don’t allocate people and resources to activities that contribute nothing to the objectives of the business. Don’t add to red tape, dream up new ways to enforce compliance with petty rules, demand useless statistics, or massage the egos of those at the top.

People who genuinely lose weight know there is only one way to do it: by cutting back on their intake of calories and increasing the amount they exercise. Everything else is useless.

It’s the same for business and working individuals: cut out the ‘empty calories’ that clutter up your schedule. Increase the time you spend exercising the responsibilities that matter. Stay right away from expensive, heavily advertised junk foods peddled by consultants.

If you do that, your career will be healthier, your calendar will slim down to a surprising degree, and you’ll start enjoying your work again. After all, carrying all that extra weight around every day is tiring in itself, while massaging the boss’s ego is pretty disgusting work — especially compared with spending time on your real interests.

5 Tips for Taking Home Businesses to the Retail Worldwide



Thanks to the explosion in popularity of shopping at online marketplaces like eBay, Etsy, adflyer, Folksy and others, small retailers and home businesses are now able to sell their goods to customers around the world.

If you’ve got a home business selling anything from handmade jewelry or vintage clothes to pet accessories, chances are you’ve already dabbled with an online store at the major English language online marketplaces like eBay. But have you considered expanding beyond English?

There are nearly two billion people online worldwide, but only around 34 million are native English speakers – and the vast majority of online shoppers require information in their native language before making a purchase. That means if you’re only selling online in English, you’re reaching less than 2% of your potential online audience!

Here’s how you can get a greater slice of those international markets…

1) Look into foreign online shopping platforms

eBay is undoubtedly the world’s biggest online marketplace for small retailers, with 38 localized versions for all the main European and Asian ecommerce countries, and it makes a great starting place for international versions of your online store.

However, there are also other popular online marketplaces in different countries, which are worth looking into. Taobao is China’s largest online marketplace, generating an annual turnover of more than $80 billion USD. It operates similar to eBay, and there’s also a thriving economy of Chinese consultants helping foreign businesses to sell via Taobao.

Likewise, PriceMinister is the most popular online marketplace in many European countries, and MercadoLibre has established itself as the ‘eBay of Latin America’. It’s worth doing a little online research before entering a foreign market to find out where people are shopping.

2) Get your sales pitch properly translated

The key difference with foreign online marketplaces, of course, is language – eBay España is in Spanish, eBay Portugal is in Portuguese, etc. This means that you’ll need to get your shop and product descriptions translated into these languages by a professional.

Online machine translation programs ought to be sufficient to understand incoming orders, or to create your profile in the first place, but they’re not accurate enough to be trusted for your sales pitch – incorrect terminology or bad spelling and grammar will destroy a potential client’s view of your trustworthiness.

3) Set your prices for the local market

Before you jump in with an online store for Taobao or MercadoLibre, though, it’s worth checking what price you can charge for your goods in the local economy, and whether that will present enough of a margin to make it profitable.

One of the major barriers to shoppers around the world buying from foreign stores is the comparatively high prices, created either by high exchange rates or differing local product values. For instance, the current strength of the Australian dollar means that it’s often cheaper for Australian shoppers to purchase goods from foreign online shopping sites and pay for the shipping than it is for them to buy locally. Conversely, small Australian retailers are finding it hard to sell overseas without dramatically reducing their prices.

By looking at the exchange rates and the prices set by your competitors in foreign markets, you’ll get a good idea for potential profit margins. Even if the profit margin is small, you may find over time that the sheer quantity of goods sold makes up for the lower prices – or you may gradually whittle your international efforts down to just a few foreign stores.

4) Be aware of foreign payment systems

The second major barrier for online shoppers is payment systems – if you only accept credit or debit card payments, but your customers in China don’t use credit cards and prefer to pay by Alipay, then you’re going to see a lot of abandoned shopping carts. Before launching your online store, it’s worth doing some online research, or purchasing market reports from consultancies like Econsultancy or yStats, to figure out which payment systems you’ll need to offer for each country.

5) Research postage and shipping carefully

The last step to ensuring profitability and practicality is making sure that you can actually ship your goods to the foreign countries in question, and at a cost which won’t price your goods out of reach for the locals. How reliable is the local postal service? What postage options can you offer to make your products trustworthy and attractive for local consumers? Indeed, would it be cheaper to ship your goods en masse to the country in question and employ a local agent to post purchased items locally?

These are all questions you need to consider before going multilingual across foreign online marketplaces – but the potential for new sales vastly outweighs the hassles of making your home business international.

Source: Common Sense Advisory

Step to choose Your Business Idea




People looking for an idea; they usually want to start a business quickly when they get the idea. But the choice should be done after an agreed time.
At this point, it is not going to have to consider whether output. This is the idea ripen until we see ourselves is really the idea that we were seeking. It is as if the idea they choose you and not you to the idea. In this way we will do whatever it takes to implement our business because it is based on an idea where we really believe.
The truth is that it is the idea that chooses us. After thinking the idea to improve it and view it from different points of view for weeks, it is normal to want to carry it out. But we must explore the possibilities with coldness, not with the energy of the moment because we can make decisions that are not based on objectivity, but in illusion.
The preliminary study we could do ourselves. To do this we should know the answer to the following questions.
- How much competition is there?
- What competition exists?
- How long is the competition in the market?
- Is it a growing market niche?
With Google tools is easy to answer these questions, because Google makes it easy to launch your business why? Say because if you create a website, adding value to search and if you want to promote yourself, you probably use your services. In this live Google.
It is easy to know the answers and tools that Google gives you the tools to do so. This way you will be much easier to launch your business. Google offers many facilities for two things: if you create a website, adding value to search and if you want to promote yourself, you may use the services of Google to post ads.
The author belongs to a new generation of Internet developers in different Internet businesses. Help to get results who are interested in setting up your online business. You can optimize the work through websites as a directory of articles and learn about aspects of internet marketing business ideas.

Time is Everything In Business

There is a phrase attributed to Napoleon that fascinates me: “Time is everything”
Everything happens in our lives we should try to be synchronized to occur at the appropriate time and with fewer resources since time is an element that can not be bought, or advance, or retreat. In business, time is obviously essential.
As an entrepreneur, your time is precious and if you want a profitable business idea is no way you can be everywhere at once and that is why it is very important to learn to delegate and one of the most simple that can be delegate is to answer our emails.
Instead of wasting time answering an email from us we can delegate to a third person who answers previously agreed to and maintain contact with our clients and friends without losing time in the writing of each of these emails.
Gmail accounts (which can be used with the domain of our business idea) is a system that allows one to provide access to third person so that this third person to answer the emails on our behalf. May be delegated such access to our secretary or an assistant so she, from her own email account answer emails on our behalf.
This service comes free with Gmail system is not a simple message forwarding because when our assistant or secretary to answer the email appear that anyone who responds to it is a same but with the caveat that our assistant does the response our behalf.

11 gradual steps to Success


1. choose your destination, probably the hardest part of success is really finding what you want and not second guessing it.

2. review your plan, right it down on paper not your computer. This will help it sink in much better.

3. read it every work day and re-write all of it weekly as you add and change your plan.

4. prepare for your plan, get all your ducks in a row before you take action

5. start fast and hard, be willing to make some mistakes and try harder then needed.

6. plan for set backs and shake them off when they come

7. learn from your mistakes and others in your industry

8. over shoot your goal and put yourself in the place as if you are there.

9. avoid shortcuts

10. master your fears, you will have to confront and concur many demons along the way .

11. persist until you succeed, decide that there is no option of failure only minor set backs

Can You Be a successful Entrepreneur ?


It takes a lot to be a successful entrepreneur. Do you have what it takes? Check out this list of qualities common in successful entrepreneurs and see how you measure up.

1. Great People Skills

Entrepreneurs have great people skills and understand that it’s the relationships between people that get things done. They enjoy being around people and know how to work a crowd without the crowd even realizing it!

2. Confidence—in Yourself and the Product

Another essential quality for any successful entrepreneur is confidence. We’re not talking about regular old self-confidence however. Entrepreneurs take it to another level. It’s that extreme confidence and belief in self and product that gives an entrepreneur the wherewithal to shamelessly promote a product or service.

3. Passion

Ever wanted something so bad you could taste it? Then you must be an entrepreneur! That burning desire to succeed is what enables entrepreneurial types to accomplish just about anything, from the apparently insurmountable to the thankless minutia required to keep your business running.

4. Perseverance

Every entrepreneur stumbles into roadblocks once in awhile, but what sets the successful ones apart is the ability to step back, re-evaluate, and take another route. You know that familiar saying, “If at first you don’t succeed, try, try again?” Consider it the mantra of the successful entrepreneur.

5. Stamina and Energy

High energy levels and stamina go hand in hand with perseverance. Any successful entrepreneur will tell you that he or she has had a pattern of burning the midnight oil, skipping lunch, working 80 to 100 hours a week, and missing out on social events in pursuit of success.

6. Sharp Focus on Goals

Entrepreneurs are focused and goal oriented. They set up goals and develop plans of action to achieve those goals, whether they’re generating sales, improving efficiency, or reworking a product design in a time crunch.

7. An Understanding of How to Make Money

An entrepreneur’s primary goal is to make money. They are not content to work solely for the pleasure of doing something they love; they prefer cold, hard, cash and understand how to get it.

8. A Gift for Sales and Marketing

Entrepreneurs don’t have to be born closers, but they need to know how to sell and market their products. It usually comes naturally to business owners; even people who don’t enjoy sales usually find it easier to sell and market a product or service they completely believe in.

9. An Eye for Opportunity

Last but not least, an entrepreneur cannot be successful without a product or service that people want. Even if your product is fantastic, you won’t make a dime if there’s no market for it. Getting the right product in front of the right audience at the right time is crucial. The ability to spot a trend or need in the marketplace and run with it is the hallmark of every successful entrepreneur from the guys behind Ginsu knives (still going strong after more than 30 years by the way), to Vince Offer, creator of the ShamWow.

How To Build Your Personal Brand


It can be tough to pinpoint exactly what the term “personal brand” means, especially when it’s loosely used to describe everything from professional image, to manner of dress, to online reputation. While this broad definition may make the term seem like just another empty business buzzword — developing a personal brand can actually be a great get-ahead strategy for both job seekers and those looking to advance their careers.

So what exactly is a personal brand?

According to Dan Schawbel, author of “Me 2.0: 4 Steps to Building Your Future” and owner of PersonalBrandingBlog.com, “A personal brand is what you stand for and what makes you special. [It's] composed of values, a mission, and a positioning statement that depict what you do and who your audience is. [It] is an indicator for how valuable you are to employers and customers at every stage of your career.”

Your personal brand also encompasses the way you market yourself to your professional community, whether it be via your résumé, your LinkedIn profile, your manner of speaking or, yes, even the way you dress.

While creating a personal brand may seem daunting, chances are, you’ve already started building one. Here’s what you need to know in order to expand upon, shape and make use of the personal brand you’re already creating.

Define your brand

First and foremost, you need to decide what you want your personal brand to convey about you.

According to Schawbel, “Your personal brand should represent something that is unique to you; your personality, your passions, your talents and your dream goal. Ask yourself: ‘What do I want to be known for?’”

For instance, if you’ve spent most of your career as a human resources manager in the financial world, and your ultimate goal is to become the vice president of human resources at an investment bank, then your personal brand needs to send the message that you’re an expert and a leader in the areas of HR, management and finance.

Market your brand

Once you decide upon your professional goals and values, it’s time to start letting others know about them. This may seem like an odd concept at first — especially for those who have trouble tooting their own horn, so to speak — but there are plenty of ways to subtly start getting your new message out there.

The Internet is a good place to start establishing both visibility and a strong personal brand, Schawbel says. “[Take] ownership of your online presence because that is where almost all first impressions now occur. Start your own blog or website under your full name, as well as accounts on Twitter, Facebook and LinkedIn. Then, add your bio information to each and start reaching out to people in your industry using the tools. By constantly getting your name, face and valuable content out there, you will start to build and shape your brand, which will turn into opportunities,” he says.

On LinkedIn and Facebook, for example, that may mean joining groups that reflect your professional goals. On Twitter, that means tweeting about what’s going on in your field instead of your plans for the weekend. If you have a blog, update it regularly with posts and insights on your industry.

Be consistent

“Think about how you dress, how you behave, what you publish online — and what that says about who you are,” Schawbel says. All of these things should be consistent with the message your personal brand is trying to send.

For example, if your goal is to reach an executive-level position in the next five years; highlight your leadership qualities on your résumé, follow corporate leaders on Twitter, offer to spearhead new projects at work and dress like you’re already in the executive position you’re aiming towards.

“Your brand should be consistent because you never know how someone might find you,” Schawbel says.

Look at how others are branding you

To gauge the effectiveness of the brand you’ve created for yourself, evaluate how others see you — and whether it’s in line with the image you want to project.

“You know you’re communicating your brand effectively when your self-impression is equal to how people perceive you,” Schawbel says. “One way to find out this information is to see how people categorize you on Twitter, with Twitter lists. If you’re a personal finance expert, but people put you in real estate lists, you have a real problem.”

If you’re not on Twitter, asking colleagues or friends to sum up your professional image in a sentence or two will help you evaluate whether you’re branding yourself properly.

The bottom line, Schawbel says, is that “By building your brand throughout your career, you protect yourself from the unpredictable nature of the economy, and gain more career options and opportunities.” And in a time like this, who couldn’t use more opportunity?

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