I don’t think I’ve ever met a business owner who wasn’t busy. Managing your time is one of the hardest things you’ll need to do as an entrepreneur. There’s always too much to do, so you’ll need to manage your time well in order to get everything done. Here are my top time management tips:
Find out what you’re doing with your time.
One of the first things to do is to actually find out what you are doing with your time. Try monitoring your time for a week and see what’s going on. Use colour coding if it makes things easier i.e. yellow for administrative tasks; blue for marketing; green for client work and so on. At the end of the week, you’ll be able to see what you’re spending too much time on and adjust your time accordingly.
Get organised
The more organised you get yourself, the more you’ll be able to handle all the tasks you need to do. Tidy your desk; set up filing systems; and have procedures to deal with the work that comes in. I know it’s hard, but try to deal with each thing only once so that you get it out of the way.
Practise the “Do it now” philosophy
As soon as a new task comes in, try to “do it now”. You’ll be amazed at how many tasks you can get rid of. Things very rarely take as long as you think they will once you get cracking.
Do things in short bursts
If you’re really not looking forward to doing a task, make yourself do it for 5 minutes only. If you know you’re only going to be doing it for 5 minutes, it doesn’t look as daunting. And once you’ve got started on the task, you’ll probably find you’ll continue on it once the 5 minutes is up.
Ask yourself “what’s stopping you?”
Lack of time is often used as an excuse for not doing something.
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Posted by helend on 11/07/08 at 02:11 AM in Resources for Entrepreneurs, Growing Your Business, Business Management | Permalink | Comment (1) | Trackback URL
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14 Steps to Maximum Value and Profit
Professional M&A (merger & acquisition) experts follow well-defined, orderly steps to sell a business. It is the only way to negotiate the best deal structure and price.
As a business owner interested in selling your company, you will probably rely on an intermediary to take these steps for you. Even so, it is wise to understand the process so you can play an active, educated role in the sale of your business.
Here are the 14 steps most often followed by professional M&A experts:
Step 1 - Value Analysis
Studies have shown that 80 percent of privately held companies are sold for less than fair market value. For that reason, this step is critical to all that follow. A proper valuation of your business should involve the analysis of many factors, such as gross sales and profit percentage, company infrastructures, product or service leadership, current market conditions, growth opportunities, market demand for that particular type of business, and many others.
Step 2 - Sell Now or Later
Two main factors will decide whether you proceed to sell your business. One is the value established in Step 1. If that value is satisfactory to you and meets your goals, you may want to proceed with the sale. A second factor is the potential value of your business. The value analysis may reveal that you could enhance the value and marketability of your business significantly, in a predictable and acceptable time frame, if you delay going to market.
Step 3 - Value Building Program
If you decide to enhance your business before selling, you may want a professional who can help you create and implement a specific program for reaching your goals. You do not want to leave this to chance or optimism alone.
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Posted by johnz on 10/27/08 at 05:10 PM in Small Business, Selling a Business, Resources for Entrepreneurs | Permalink | Comment (1) | Trackback URL
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Starting a business for the very first time is incredibly difficult today. Market trends and service demands are extremely hard to predict in the modern marketplace, but if you have a specific state in mind, or even better a specific area of an individual state, then there are hints and tips that can help to get you started. For example, when finding out how to start a business in California, you may want to take a look at the tips below. They will give you an idea of where to start and what to think about.
The California Market
When you start a business in California, you may find it incredibly difficult to come up with an idea that works. The state, like any other, can be tough for new small businesses to break if they do not have a clear product or service on offer. That is to say that you have to ensure that your product fulfills a specific need. In order to determine whether or not it does this, you will have to perform extensive research.
You should research the product or service you are offering in relation to the reach in the local community and that community’s demand for it. It is wise to research the population of the state in general and then several areas in order to start a business in California. You can do so through government agencies and business agencies because they will be able to tell you exactly what kind of businesses occupy certain areas. The demand for certain services is present in some areas but not in others. For example, it may be that one area does not have a lifestyle coach but in other areas there may be one for every fifty people. The demographics of the area is important as well as the volume of business in your chosen industry, so get to know the area very well.
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Posted by GlobalBX Staff on 10/15/08 at 10:10 PM in Starting a Business, Resources for Entrepreneurs, Buying a Business | Permalink | Comments (0) | Trackback URL
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GOAL SETTING
PART ONE
Learning How To Dream PEOPLE DON’T KNOW HOW TO DREAM:
One of the main focus points of my life is helping other people set and achieve goals. It pains me when I see someone struggling and not able to be all that they were meant to be. Goal setting works! It just simply works. Yet we know that only about 3% of the people in the world set goals. WHY? I have studied that phenomena a lot. I think I know at least part of the answer. It is because some people do not have the ability to dream.
LIFE’S WHIRL POOL OF INDICISION:
Many people are just living day to day. They do not believe that they can have anything better. They do not have a plan to find anything better. But more than that, THEY DO NOT KNOW WHAT TO WANT. That is one reason they do not set goals. They don’t know what to want. Does that sound silly? They would set goals, but they just don’t know what they want to do or be. They are caught in what I call “the whirl pool of indecision”. Does this sound familiar to you? If it does I can show you how to break out of the whirl pool of indecision and get going in a set direction for improving your circumstances. I can help you break out of this “round and round we go” life style. I can help you do that by helping you LEARN HOW TO DREAM. Want to know how?
SUCCESS WORKSHOPS NOT SEMINARS:
Well actually it is quite simple as far as what to do. Actually doing it, on the other hand, is not so easy. In fact it is not something you can do in one day. You may have noticed by now that I do not call the presentations that I give “SEMINARS”. I call them “Success Workshops”. Why workshops rather than seminars? Because when you come to a Success Workshop you can not just sit and listen like you do in a seminar. You have to work.
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Posted by cordellv on 09/14/08 at 12:09 AM in Starting a Business, Self-Employed, Resources for Entrepreneurs | Permalink | Comments (0) | Trackback URL
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