Small Business Blog

Posts Tagged ‘Ideal’

“When the character of a man is not clear to you, look at his friends.” Japanese Proverb

After you have made a concentrated effort to understand as to who you are, you are now ready to go out there and start looking for the right individuals to partner with. This is a critical stage which will have a substantial impact on achieving your goals. Over the years I have either started or joined many business teams. There is a mental checklist which I run through when meeting my prospective team mates for the first time. This check list is made up from my own past experiences and also Jim Collins view on who “The Right People” (courtesy www.jimcollins.com) are.

1. The person must share the core values of the business or organization. These are the values which determine how the organization interacts, communicates and operates to reach it goals and objectives. For example there was a charity project for protecting the environment I was part of during my university days. There was a sales and marketing director who didn’t share the fundamental core value of compassion. He was in fact looking to profit from the project. Needless to say he didn’t last very long in the team. This just goes to show how important it is for you to probe and ask whether your prospective team mates core values are aligned to ensure that you are all on the same page and headed for the same goal.

2. The person should not need to be “managed”. When building your core team you need to find those individuals who are confident in their own abilities. If you are the more experienced partner then most definitely you will provide some guidance along the way. However if you are find yourself molding the individual into what you deem are the right behaviors then you have probably made a mistake during selection. These types of individuals who require constant support are draining and slowly become huge speed bumps for the organization. Make sure you select those individuals who have shown a capacity to operate on their own and have been successful at doing so.

3. The passion to become the best at what they do. There was a IT company which I was a part of a couple of years ago which was developing inventory management systems for the paper industry. Being a startup company we were naturally bootstrapping and couldn’t hire the best developers. However when filling a key role for project management lead for the team we selected an individual who had shown great potential during his university days and had great passion for his line of work. It worked out really well and the team flourished. So when you are making a key decision and may be limited by budget or geographic boundaries do your best to fill the seat with the person who has show the potential and willingness to be one of the best in that field.

4. Understand the difference between a job and holding a responsibility. This tip has helped me greatly in making some key decisions in recruiting partners. Say you are going to be hiring a developer for a new website to collect feedback for your product. You get the best coder in town to make it for you. He does what you asked for but users are frustrated because the website is difficult to navigate through or impossible to submit feedback easily. I know I have been in this spot many times. This is when you got someone who doesn’t know the difference. A coder who takes responsibility to make sure that users will be able to submit their feedback easily and quickly would have approached the project differently. So make sure when you are getting a partner who understands the bigger picture and is in line with it.

5. Would you hire the person if it were a hiring decision? This question allows you to look at the person from a different angle. Given that you know a substantial amount of the person would you hire him/her? When I get to meet people outside the workplace say at my squash game or at a charity that I volunteer at, you get to know a lot about the individual. When I ask myself this question when thinking about asking him/her to become a partner with me in a project it puts things into perspective. You begin to look at the individual impartially and can reach a more informed decision.

6. Does the person have a regard for rules, regulations and personal boundaries? I have learned this lesson the hard way as well. I came across what you call a super star performer. He excelled at a lot of the businesses he had been at. So if it were a hiring decision it would have been an easy one. However after working with him for a while I realized he had the sense that he was above any level of authority and did things which were ethically questionable when securing contracts and sales. We started to get complaints about his attitude from staff and customers and had to part ways. So when you meet a person make sure you get a sense of what his point of view regarding regulations and boundaries are even though everything else may look to be in place.

7. Professes a commitment to goals. When you are going into business you are looking for people who share similar levels of commitment as you do to the project. If you don’t pay attention to this aspect you will find yourself in an imbalanced partnership which could result in permanently jeopardizing your project. When evaluating prospective partners look at their past history and whether they were committed to the last projects they were on. Ask them about some of the big decisions they have had to make. Lastly if you are planning to take him/her on as a partner make them commit to particular goals and objectives and use them as benchmarks when performance will be appraised.

8. Integrity. This is probably the most critical yet most elusive quality to immediately identify. A person who has a high level of integrity will be one which will you can rely on and grow a successful business with. To be a good of judge of this characteristic however will take time and experience. I take Jack Welch’s advice here that if your “gut” feeling about someone is bad or you don’t get the correct vibes then it is best to go with that first presumption unless you are shown to believe otherwise.

By running through this checklist I have been able to select business partners with a lot more subjectivity. I hope this list helps out anyone who is looking to start up a new project. At the same time if you or anyone else has any key characteristics that they would like to share please do so in the comment section.

Potential timeshare investors seldom review the crucial factors determine the purchase of a timeshare property. This results in many buyers being caught in a catch 22 situation when its time to take the final decision. That being said, buyers today are a lot more aware of the ramifications of their actions to their predecessors were. Due to easy accessibility of information via the internet and search engines, buyers today can undertake more intensive research prior to acting on their plans. The availability of a wealth of information can also be detrimental because of conflicting information from varied sources.

Yet many investors seem puzzled when asked if they have a checklist of things to consider before buying a timeshare. The objective of this article is to enable investors to create an extensive checklist that will help any timeshare investor to choose the timeshare best suited to their requirements.

The first most important step is decide whether the purchase will be made through a broker or if the owner is going to contact the developer directly. If the purchase is through a broker, he should be licensed, with a good reputation and high success rate in handling timeshares. To check if the broker has in depth knowledge about the timeshare, an owner must ask the following questions, which should be validated with another source.

- Maintenance fee of the resort and if the fee is raised every year, if yes what is the annual increase?

- The chances of getting the best timeshare at a particular time of the year?

- What is cut off point to which is still early enough to make a reservation?

- The possibility of additional benefits being available for the timeshare?

- Whether the timeshare company offers any bonus week programs?

- Whether the timeshare company offers any bonus week programs if reservations are made at low seasons?

- The owner exchange or trade the timeshare without joining an exchange company?

- Whether the broker or the brokerage firm offers a point system?

Sometimes purchasing a resale property could be viable option as against a new property. This is a crucial aspect which should be discussed with the broker. A fundamental cost determining factor would be the high demand for a particular week in the year or in a season for a specific location. The size of the unit greatly affects the price as bigger units are easy to trade in and exchange hence are in more demand. Another factor is reputation of the firm owning the timeshare resort . If the company has had a high success rate then the demand for their timeshares would be higher and could result in a higher appreciation rate for the property.

Some investors purchase their units sight unseen if they want a quick escrow. This is okay if you wish to own the property for a very short period. However, if this is serious investment , always inspect the property prior to signing the deed of ownership. This is because in sometimes the descriptions provided by the timeshare company or the re-seller turn out to be distinctive or lacking in actual details like the property location or the size of the unit. Alternatively, if the prospective owner cannot see the unit, always request a reliable source residing in the vicinity to view the property and send feedback based on the checklist or pre-determined specifics. In case of a resale unit, getting feedback from older neighbors about the property management and amenities can be a useful source of information. A potential list of questions to ask neighbors are:

- Overall feedback on the resort?

- The period of time since the older neighbors have been vacationing at the resort?

- Ease in booking a vacation and or exchanging to another property?

- Feedback on the responsiveness and professionalism of the management?

- Overall satisfaction with services offered by the management company?

- Possibility of hidden maintenance and other or fees?

- Consistency in fees

- Frequency of increase in fees and the percentage increase?

- Developers plans or intention on improving the overall appearance of the property in the future?

Doing a background check on the prices in the area of interest and viewing sites like mytsmp.com comes handy when its time to take a decision. Reading the fine print first will always result in a sound decision as the owner would be aware of any exceptions. If the owner is purchasing a resale, the first question to ask is the underlying reason for the sale. Is there any issue with the management company or the neighbors or the quality of construction of the unit? Also a fact to keep in mind is that the unit should be close to half the price of a new timeshare unit sold by a developer. Getting a feel of the potential problems assist in deciding the purchase of the unit. If attention is paid to all the important factors, a wiser buyer will be able to take a smarter decision on the purchase of an ideal timeshare.

Are you looking for a business mentor to inspire and motivate you to success but can’t find or afford one? Business audiobooks may just be the ideal business mentoring solution you are looking for to help you grow and succeed.

Statistics show that ninety-seven million Americans drive alone to work everyday — and that doesn’t even include those who commute by bus, train or car pool! With the average commute to and from work now reaching over an hour each way, that’s almost two months of your life each year spent in transit or sitting in traffic. Just think how much you could improve your business or advance your professional career simply by listening to spoken audio recordings containing excellent information on how to improve your sales approach, communication and people skills, how to market your business better, ways to improve your customer service, etc. during this time.

With the rising popularity of MP3 players and iPods, and more new cars being fitted with built-in MP3 players (as of this year, almost all new cars are now capable of playing digital audio files), more business people are discovering that music or the news is not the only thing they can listen to while going about their busy day. Now, people can “listen” to business books, business seminars, sales and marketing lectures and podcasts from successful business people while they’re on-the-go — and when they don’t have time to read. Hence, the huge emerging popularity of audio books with commuters and business owners.

Today’s mobile and “time-starved” business owners, sales managers and sales professionals are discovering that they can download an unlimited amount of information into their brain, learn a foreign language or new skill that will improve their business, and get that competitive business edge while driving in their cars, commuting in trains and buses, or even while standing around in queues.

Most business people love to improve their business acumen via reading and taking courses, but lack the time to do so. This is where spoken audio recordings can play an important role in their professional lives.

Business audio books narrated by successful business people can act as an ideal mentoring tool for business owners (one specific title that comes immediately to mind is the audiobook version of Michael E. Gerber’s business classic “The E-Myth: Why Most Small Businesses Don’t Work And What To Do About It” read by the author himself!). Imagine all the money you can save on consulting fees and the knowledge you will gain, just by listening to an audio book written and narrated by a business expert while driving, or commuting to work on a bus or train.

Not only will you get mentored by some of the best business minds in the world and gain a competitive business edge by acquiring the latest business information listening to spoken audio recordings on business-related topics, you will also get yourself into the right “state of mind” for doing business successfully.

Just think about it! You arrive at work or at a sales presentation after having been “coached” by a successful business owner while driving or commuting, your mind is immersed in business thoughts and you’re most likely inspired by a great business idea or tip you’ve just heard. You walk into a meeting and you are focused. Your mind is sharp. Your energy is positive and you look vibrant. Your brain is filled with new business strategies and ideas and working subconsciously with these to help you achieve the best results and outcomes no matter what daunting tasks, projects or challenges may lie ahead for you in your busy day.

As a business person, you can now use the amazing value inherent in listening to audio books to gain a competitive business edge over others. You won’t have to worry about not having the time or will to flip through the pages of a book. You can now “listen” to business books when preparing to go to work in the morning, when commuting to and from work, etc.

Currently, there are thousands of best-selling business audiobook titles available. If you are at a loss for specific business audio books to get started, here are 5 of some of the best that any business person should listen to:

1. “How To Win Friends And Influence People” – by Dale Carnegie

One of the most important aspects of any business is the fact that PEOPLE are a crucial part of its success. This is true in almost every aspect of human activity, and especially in business. We need people to keep our businesses going and growing. Not just the people that bring us new sales and new customers, but also the people that make the sales possible, the people who deliver our products, handle complaints, run the administrative aspects of the business, and so on. To be able to succeed in business and other areas of life, we all need to know “how to win friends and influence people”. That’s why this incredible book by Dale Carnegie is a “must have” for any person in business. With the power of the information contained in this classic book, you can learn not just how to influence people so that they bring in more sales for your business, but most importantly how to win staff, suppliers, customers and prospects over as friends to help you make future sales possible. This book is available in audio book format, so you can enjoy listening to it in the comfort of your car while driving or commuting.

2. “E-Myth Mastery” – By Michael E. Gerber

Michael E. Gerber is the world’s leading small business guru and bestselling author of the phenomenally successful “The E-Myth Revisited”. In this audiobook version of his follow up book, “E-Myth Mastery”, Michael Gerber presents the next big step in entrepreneurial management and leadership. This audiobook presents a practical, real-world program that can be implemented in real-time in your business. The E-Myth credo — Don’t work IN your business, work ON it — is spelled out here in the seven essential disciplines followed by every leader of a world-class enterprise. Each discipline provides the leadership keys for unlocking success in the critical areas of business development: Leadership, Marketing, Finance, Money, Management, Client Fulfillment, Lead Conversion and Lead Generation. E-Myth Mastery is the ultimate business development program that will help you recover your passion and turn your company into a world-class operation — a turn-key machine for the money and satisfaction that only a successful entrepreneur can enjoy.

3. “Zig Ziglar’s Secrets Of Closing The Sale” – By Zig Ziglar

All of us are involved in selling every day. Whenever we present a product or a principle, inform a client, or instruct a child, we are engaging in the art of effective persuasion. Zig Ziglar is America’s master of the art of selling and in this audiobook, he explains proven, practical sales techniques all of us can use every day. He also provides vital strategies for specific closes, hundred of sales questions, and dozens of persuasion procedures to help everyone sell their ideas, or themselves. No matter what your age, gender, occupation, or lifestyle, these proven techniques from America’s selling sensation can work for you.

4. “Jack: Straight from the Gut” – by Jack Welch

Jack Welch is unquestionably one of the world’s most successful CEOs ever. In this powerful and thought-provoking audio book, Jack tells his own story, detailing how you can follow his steps to become one of the most successful persons in your career today.

5. “Good to Great: Why Some Companies Make The Leap” – by Jim Collins

You can’t argue with the fact that “without the techniques and strategies, no company or business can excel beyond a few days, weeks or even months”. Businesses and companies that have stood the test of time for many years know what to do and they have done it right. Jim Collins took the time to conduct extensive researches into how and what companies did to maintain success for many long years, while their counterparts failed within a few months or years of starting up. The power of the information contained within this audio book can help any business person to succeed.

These 5 audio books can truly help you improve your business, your career and your life, if you will simply take the time to listen to them and apply what you will learn. Before your next sales presentation, job interview, or important business meeting, take some time to go online and browse through an audiobook store for a downloadable business audiobook that you can burn to CD, or upload to your iPod or MP3 player. It will not only empower you to achieve better business results and improve your life, it will also give you a competitive edge over those who are spending their drive or commute time engaging in less productive activities.

For more articles and information about the benefits of audiobooks, visit http://www.audiobookone.com .