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    Adult ADD: Business Has to Include Trust
    Do you have delegation-itis? It is a control type of a fear that makes people with ADD think, How do I delegate something that I don't' know how to do? How do I tell somebody what I want when I don't get it?Okay. So let us ask you this: Do you know who Jack Welch is?Jack Welch was the president of GE for many, many years and years. He did a turnaround, he build that corporation globally, he's written several books on leadership and winning. Now he's the head honcho of his organization. Do you think that he knows how to get postage in the postage meter in the mailroom? Probably not, right? Do you think that if he needs to get postage in the postage meter
    bstacles in managing the problem.

  • Where can we look for possible solution?

  • When did the problem emerge in the first place?

  • How quickly we need to solve the problem?

  • How can we solve the problem?

  • Answers to these questions should provide adequate information in defining the problem. Defining th
    Should You Buy an Existing Business?
    Having decided to go into business and selected a potential business idea the question arises, should you start from scratch or buy an existing business? If you are one of the few who have a completely new product or service, the decision, by definition, is made for you. For others, the choice is open.A major appeal of buying an existing business is speed - the business is a going concern - hopefully, revenue will come in from day one. There is little inconvenience: no looking for suitable premises, choosing equipment or finding new customers and suppliers.A second and important advantage is that if you have selected your business well, you will have a sound
    In dealing with problems, we need to make decisions. When faced with a situation that warrants a response, we put on our thinking cap. We depend on our thinking skills. Few of us are fully aware of the need to stop and reflect on the situation. We tend to follow the easiest and least resistant thinking path. This is not necessarily always the best response. With smart thinking techniques you will be in a position to respond more effectively to each situation.

    Define the problem

    When you visit your General Practitioner (Medical Doctor) , because you are having fever, cough and sore throat. To you these are problems you would like to get rid. However, to the Doctor, these are symptoms and he is interested in pinpointing the real problem. Through her questioning skills, he doctor attempts to diagnose your illness. Smart thinking requires similar strategy. Let us get started so that we are able to define the problem (Get our diagnosis right)

    • Define the problem by asking the following questions:

    • Who are the people most affected by this problem?

    • Who else is having similar problem?

    • Why is this seen as a 'non-issue' by some?

    • What are the negative consequences, if the problem is not solved?

    • Who are the beneficiaries if the problem is solved

    • What are the root causes of this problem?

    • What are the major obstacles in managing the problem.

    • Where can we look for possible solution?

    • When did the problem emerge in the first place?

    • How quickly we need to solve the problem?

    • How can we solve the problem?

    Answers to these questions should provide adequate information in defining the problem. Defining th
    Change and The Unproductive Moments During Your Journey
    The travel metaphor is an old but still useful metaphor to use in change management. Take for instance this viewpoint. You are on a business trip for a week or so.Before you go.This trip requires some preparations. So you have to finish your other activities, knowing that you will take them up when you come back. This is the first moment where slack enters your program; you are not able to start a new activity and you have to finish off other work. This is not at all efficient.The journey.It is not hard to tell that your productivity is on its lowest when you are in between taxis, airports, gates, planes and other means of transport. Not forgett
    thinking techniques you will be in a position to respond more effectively to each situation.

    Define the problem

    When you visit your General Practitioner (Medical Doctor) , because you are having fever, cough and sore throat. To you these are problems you would like to get rid. However, to the Doctor, these are symptoms and he is interested in pinpointing the real problem. Through her questioning skills, he doctor attempts to diagnose your illness. Smart thinking requires similar strategy. Let us get started so that we are able to define the problem (Get our diagnosis right)

    • Define the problem by asking the following questions:

    • Who are the people most affected by this problem?

    • Who else is having similar problem?

    • Why is this seen as a 'non-issue' by some?

    • What are the negative consequences, if the problem is not solved?

    • Who are the beneficiaries if the problem is solved

    • What are the root causes of this problem?

    • What are the major obstacles in managing the problem.

    • Where can we look for possible solution?

    • When did the problem emerge in the first place?

    • How quickly we need to solve the problem?

    • How can we solve the problem?

    Answers to these questions should provide adequate information in defining the problem. Defining th
    What is DFSS?
    People often get confused when they hear someone say they are using Six Sigma. In fact, it is the methodology signified by DMAIC that they are referring to. The very reason for their choosing DMAIC is that they have some existing processes which need to be ratified because they are bleeding resources heavily. On the other hand, DFSS, the acronym for Design for Six Sigma, dwells on R & D and design of products, processes with a view to minimizing process defects and variations at the root itself. At the onset, one must accept that the credentials of DFSS are not universally acknowledged, with most of the companies deploying DFSS following their own steps and standards.<
    interested in pinpointing the real problem. Through her questioning skills, he doctor attempts to diagnose your illness. Smart thinking requires similar strategy. Let us get started so that we are able to define the problem (Get our diagnosis right)

    • Define the problem by asking the following questions:

    • Who are the people most affected by this problem?

    • Who else is having similar problem?

    • Why is this seen as a 'non-issue' by some?

    • What are the negative consequences, if the problem is not solved?

    • Who are the beneficiaries if the problem is solved

    • What are the root causes of this problem?

    • What are the major obstacles in managing the problem.

    • Where can we look for possible solution?

    • When did the problem emerge in the first place?

    • How quickly we need to solve the problem?

    • How can we solve the problem?

    Answers to these questions should provide adequate information in defining the problem. Defining th
    Entrepreneurs Need to Know Themselves
    the second in a series taken from How to Evaluate and Profit from a Business OpportunityGoing into business for yourself is a big decision, one that requires careful thought and a great deal of planning. Whether you decide to buy a business, or start one from an idea or a patent, you need to know yourself. In order to make the business successful, it has to be one you will like working in and its requirements have to match your skills, and attitude.First, understand why you want to go in business for yourself. There are lots of reasons. Some people want to build an empire; others have an idea they passionately believe in. Some because they can't find a job a
    cted by this problem?

  • Who else is having similar problem?

  • Why is this seen as a 'non-issue' by some?

  • What are the negative consequences, if the problem is not solved?

  • Who are the beneficiaries if the problem is solved

  • What are the root causes of this problem?

  • What are the major obstacles in managing the problem.

  • Where can we look for possible solution?

  • When did the problem emerge in the first place?

  • How quickly we need to solve the problem?

  • How can we solve the problem?

  • Answers to these questions should provide adequate information in defining the problem. Defining th
    The ABCs of the S-Corporation
    As small business owners, we all have at least two things in common when it comes to our companies: Keeping other people’s hands off our personal assets and paying the lowest possible taxes (this usually means having profits taxed on our individual tax returns.) That’s what the S-corporation is all about. While the limited liability company (LLC) is quickly taking its place, S-corporation benefits still do outweigh LLC benefits for many companies. But how do you know it’s right for you? Let’s take a look.What is an S-Corp Exactly?An S-corporation is basically a regular corporation (or C corporation) that decides to go with a special tax status. Forming an S-
    bstacles in managing the problem.

  • Where can we look for possible solution?

  • When did the problem emerge in the first place?

  • How quickly we need to solve the problem?

  • How can we solve the problem?

  • Answers to these questions should provide adequate information in defining the problem. Defining the problem in writing enable us to understand the scope and the consequences of unresolved problem. This also involves about defining the real problem. Write down the problem in concise terms with no more than 25 words. The emphasis at this stage is defining the problems. No references are made about possible causes or solutions

    Examine the root cause(s) of the problem

    The purpose is to identify all possible causes. The energy and effort should be directed at identifying the root causes that are responsible for the problem. Experts recommend that yo ask the following questions to narrow down the possible root cause(s):

    • What are the possible causes to this problem?

    • Did any changes were introduced (new equipment, new work process etc), just before the problem emerged?

    • Were there any changes relating to people deployment – new employees, transfers etc.?

    • Is it possible to recreate the problem we are experiencing to enable us to pinpoint the root cause(s)?

    Agree on the desired outcome

    A problem is defined as the discrepancy/gap between the existing situation and the desired state of affairs. In other words we have a problem when there is a difference between the two states. In managing the problem we are basically attempting to eliminate the gap between the existing situation and the desired state of affairs. The

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