Daily Archives: January 5, 2018

Archive of posts published in the specified Day

Jan
5

Harnessing the Power of Business Roundtables

As a business owner, how often do you have the opportunity to talk one-on-one with other owners or executives about ideas? Many small- and medium-sized company owners and executives frequently feel they are working in a vacuum because they rarely have the opportunity to exchange ideas with peers and other professionals. Business roundtables enable owners to cash in on the roundtable’s pool of experience and the expertise of skilled facilitators.

Roundtables typically are comprised of business owners and CEOs who come together to share ideas, discuss challenges or concerns, and to learn new ways to approach old problems. They are different than advisory boards that bring a group of professionals representing different areas of business together to assist one company in making decisions and to offer advice in steering the business into the future. Executive roundtables are proactive and interactive.

Most business roundtables group similar companies together so business owners interface with others dealing with challenges and issues within their businesses. For example, small and medium companies are grouped together because they share commonality in size, while larger companies meet separately.

Some roundtables even take this process a step further, and group companies by industry — service companies, for example, would be grouped separately from manufacturers or other product-oriented companies. Nevertheless, good facilitators possess the experience to avoid grouping companies competing in the same industries in order to spur discussion on critical business issues.

Concepts and ideas are introduced at monthly meetings where members follow a 12-month curriculum. Homework also is assigned to roundtable participants who are asked to complete it by the next meeting, along with any questions for discussion. Since adult learners must use new information for it to “stick,” homework assignments are critical for the adult mind to retain new concepts.

Nothing about the way a business roundtable is conducted is left to chance. Members attend meetings offsite to hold distractions to a minimum. Each meeting follows an agenda so time is used productively and wisely. Each member is asked to commit to the group and make every attempt to attend each meeting. The presence of all members is key to the synergy that commonly accompanies business roundtables. Many owners even keep in touch long after the roundtable is over – a sign that these relationships offer much more than camaraderie.

Since there are many members to share the fee, the cost to members is a fraction of the cost that a one-on-one business performance consultant would charge. At the suggested $1,000 to $4,000 per advisory board member per meeting fee, business roundtables look like a steal at between $400 and $600 per month.

And that’s only one of the many benefits owners and CEOs find they have a safe haven to discuss issues that weigh heavily on their minds. They soon discover and learn, from others who have experienced similar issues that they are not alone in their quest for top talent, increased productivity and decreased costs. Besides being an objective sounding board for members’ ideas, …

Jan
5

The One Important Secret of Making More Money Easily

If you're reading this article, it means you're a person who wants to make more money in life.

Who does not? Money is not everything in life, but it sure helps to decrease problems if it is used correctly.

Some people think that they do not deserve to make more money in life. But you are different. You put effort in to change your life for a wealthier lifestyle.

If I say to you that it's easy to make money instantly, that would be a lie right?

It's not easy to make money immediately, but it's worth the effort to put in to ensure that you will have more money to spend in future.

Contradictory to that, it's easy to make money when you know the correct tools and strategies to apply for achieving it.

You may not be able to make more money instantly, but you can definitely make more money over a certain period of time with the proven strategies that I've used over and over again.

Here's the one secret of making more money easily.

Use other people's time, skill, talent, networks or money.

Do not waste your time trying to figure out a solution if someone else already has the key to solve the problem.

In another word, do not try to be smart and re-invent the wheel.

Is it ethical to 'use' other people's resources?

Of course it is! As long as you are creating a win / win offer to that person and not exploiting them, I can not see any reason why you should not be 'using' the resources that is available in front of you.

The rich call this LEVERAGING.

I call this a darn smart rich idea.

Most of the rich people use this secret in their life to make more money.

Some of rich are consciously using it, some are using leverage unconsciously.

Let's look at multi level marketing leaders. They 'leverage' on their downlines to make them more money and work less

themselves. Of course, you can discuss all you want about mlm industry but the power behind a successful mlm company and it's distributors / business owners is by leveraging on the strength of duplication.

How about Fortune 500 companies? Do they use leverage?

You bet.

Nike, Dell, StarBucks and all those companies leverage on their staff to make more money.

One of the best example of leverage is in the franchising business. Imagine, Ray Kroc the owner of McDonald's franchise business.

He does not have to 'work' because he has hundreds (or thousands!) Of franchised McDonald's restaurant across the globe that is paying him franchise fees annually.

Here's another example.

I use the internet as leverage for getting my product to sell to a mass market overseas.

The tip here to make more money is to understand and learn how to use leverage so that it creates a win / win situation for everyone.

If you do not lease, you'll be trading your time for money.

This …