GlobalBX Entrepreneur Business Articles - August 2008

Blogosphere or Blog with Fear

Think of it. A cheap, direct means of working one-on-one, one-to-many with customers, partners, prospects. The ideal means of educating…informing…persuading. That’s what management sees when you mention one of the “hottest” communications tools available…blogging. The Web 2.0 blogosphere is one of the fastest growing communities today. New blogs are launched every second…120,000 every day. Technorati, […]

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The New Communications Tool…Listening, Helping

Marketing and communications “experts” like to tell us how the Internet and Web 2.0 have opened up new opportunities for the industry to reach out to and influence people in new, exciting, more effective ways. Instant information web sites, 10s of thousands of ready for your news bloggers, almost free social networks in which you […]

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Business Blog…The Deep End of the Pool

While we find the overwhelming enthusiasm of professional blogs and its dramatic value as a strategic public relations tool interesting, it is not a pool we have chosen to jump into yet.  And it is one we counsel clients to lurk around before determining if that it is something they want to enter for the […]

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Wolfgang Puck: Celebrity Chef, Restaurateur And Entrepreneur

Wolfgang Puck is a household name when it comes to food these days. Although little is known of his humble beginnings, he has certainly made a huge success of his love of food and resultant career. Wolfgang Puck is one of the better-known names in the food industry today, and with good reason. Owing to […]

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Ignoring Sexual Harassment Just Got More Expensive: 5 Tips To Prevent Lawsuits

My first job after graduate school was working for the federal government in the Office of Personnel Management (OPM). A few months into the job, a woman air traffic controller sued her boss and co-workers in the Federal Aviation Administration (FAA) for creating an offensive, intimidating and hostile work environment at the tune of $1 […]

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Truth or Consequences: How to Give Performance Feedback

In the bestseller, Good to Great, Jim Collins discovered that, “the good-to-great companies continually refined the path to greatness with the brutal facts of reality.” And, in his recent autobiography, Jack Welch reports that he spent about half of his time on people: recruiting new talent, picking the right people for particular positions, grooming young […]

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The Naked Truth About Public Speaking

When I was in high school, given the choice between giving an oral report and a written one, I always choose the written report. In college, I did the same thing. My reason: fear. I was terrified of public speaking. When I graduated from college, my father gave me some advice. He said, “If you […]

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Smart Choices: Hiring The Right People

Need an office manager or a front-desk person? Pay and benefits are important but a successful search may depend more on patience. Physicians – most of whom are accustomed to making quick decisions – often don’t put enough time or thought into hiring, says Elizabeth Woodcock, an Atlanta-based practice management expert. “Until physicians come to […]

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Make The Most Of Your Meetings

Typical managers spend nearly 40% of their work hours in meetings, not to mention the time spent preparing (and recuperating). A survey of business leaders showed:  • 33% of time spent in meetings is unproductive • 75% of the respondents said it is “almost essential” to have an agenda, yet they use them only 50% […]

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How To Write A Job Description

Think of a job description as a “snapshot” of a job. The job description needs to communicate clearly and concisely what responsibilities and tasks the job entails and to indicate, as well, the key qualifications of the job – the basic requirements (specific credentials or skills) – and, if possible, the attributes that underlie superior performance. Following […]

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What do You Mean My Organization Is a Stepping Stone?

I remember the moment I swore that I would always value my employees. It was the late 90s, I was the head of sales and my boss was sitting across the table. “Sales people are a dime a dozen,” he said. “I could replace anyone working here tomorrow and not miss a beat.” That told […]

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What Corporate America Can Learn From Physicians: It’s All In How You Treat People

Recently, the literature in medical economics has caught up with conventional wisdom in terms of medical malpractice lawsuits.  What has become apparent is that people are less likely to sue doctors whom they believe have acted in their best interest and who communicate with them clearly and kindly.  In plain English, doctors have discovered that […]

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Due Diligence 101 – What You Don’t Know Can Kill You!

Introduction: This article is written as a general discussion on the subject of “Due Diligence”. It is for informational purposes and not intended to be a definitive guideline for your exact situation. You should consult the appropriate professionals with regard to your specific transaction or situation. Further, this article is in no way advocating, suggesting […]

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Closing Escrow on Business Buying or Selling

The final part of the whole deal is the escrow. The word is an old Anglo-French word which originally meant ‘piece of parchment or fabric’. In today’s parlance, the word describes the process whereby a property is deposited with a third party to be transferred to the grantee (buyer), when certain conditions are met. There […]

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How The Top 8 Jobs With The Fastest Growing Salaries Compare To Working For Yourself

Many potential entrepreneurs do want to start their own business and no doubt consider doing so year after year. However, starting your own business is a leap of faith. You have to give up a stable income to make your own business work. Whilst there are pitfalls with this strategy, there are also a lot […]

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Warren Buffett: The Biography Of An Investment Billionaire

Warren Buffett is the entrepreneur that all budding entrepreneurs aspire to be. Not only has he made billions in his chosen field of investments, but he is now the richest man in the world with a fortune standing at $62 billion as of 2008. One of the main reasons why he is such an inspiration […]

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Selling Your Business To A Competitor

If you have arrived at the conclusion that selling your business is in your best interests and ultimately what you want to do then you should begin advertising that fact. You should use a non-disclosure agreement and consult an attorney to protect your business interests. You may then receive bids from a number of interested […]

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Cut The Monkey Chatter And Up Your Performance

Over the years I have come to understand that arguably the most critical aspect of managing people in the workplace involves managing their feelings and emotions. Emotion plays a critical role in what people achieve or don’t achieve. It’s common knowledge that the person who does things with passion is more likely to succeed than […]

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Buying A Business – The Basics

Buying a business in today’s economic climate requires that you, the buyer, be on the ball, with regard to business basics.  This economic climate, as far as businesses are concerned, is a sellers market. With the corporate downsizing, economic downturn and other factors, there are a lot of very knowledgeable buyers out there looking for […]

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