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Casual Articles - Industry Domination - 5 Steps to Own Your Market
Communicating with Financial Analysts about Stock Options Backdating e in place? Ask yourself when doing any task or activity how it could be done with less effort, and more ease. Could someone else do it? Does it need to be done at all? Could it be done in combination with something else?Most Financial analysts (Buy and Sell Side) are likely aware of the inquiry from the SEC into your company. Your Investor Relations organization has to be:a) Proactive about communicating b) Forthright with what they know and dont know c) Resist speculating the outcomes and possible causality d) Be clear about timelines and milestones e) Be honest about impact to employee morale, customer momentum and partner/supplier concerns.Address these questions below in a clear, concise manner and you will have a better crisis handling experience:1. Will the restatement have a mate One quick example: When Shaklee was my business focus, I found myself spending a large amount of time at the Post Office sending out packages (95% were less than 1 lb.). It occurred to me I was spending at least one hour of my day driving to and from the PO and waiting in line. It seemed like a lot of wasted time! The situation was also complicated with the fact that my daughter Lexi needed to go along for the ride, too. Imagine me, with an infant, several loose packages, a purse, the line, the traffic (I'm exhausted just thinking about it!). It was a glorious day when I asked myself the question: "What is a better way to do this?!?!" By doing some resea 10 Easy Ways To Scam Prospective Franchisees - A Franchisors Guide It is fascinating to study what makes the difference between a person who owns a small struggling business that stays a small struggling business, and a person who owns a small struggling business that becomes a strong, successful business and an industry leader.1) Pretend that you are in a partnership with the franchisee and hope they don’t read the franchise agreement. In it they’ll find that they can follow your instructions or get sued for breach.2) Use the old sales trick of creating artificial demand to get them to sign up. You know – the territory they are interested in is likely to be sold to someone else soon. Grab it now before it’s gone.3) Oversell the income potential of the franchise. Use the standard way of showing income potential in your prospectus that doesn’t match up to reality. Trust that the possible franchisee will be too well-manner It boils down to the constant innovation, simplification, and optimization of the key systems in your business. This may seem like a tall order, yes. However, I promise you it’s well worth it! Why? Because the process that sets an industry leader apart from a struggling business owner, and the process that can help an average business owner become an industry leader - is the same thing. It’s five-step system known as the "PRIMO" Process. “Primo” is a Latin word that means “first, foremost, and most distinguished.” All the things I know you want to have associated with your business. Here’s an outline of the five-steps to developing the innovative systems that can help you become a distinguished leader in your industry: 1) Prioritize: Prioritize the list of all critical systems* in your business. You will start with the most important ones first. 2) Research: Research and benchmark the current level of effectiveness of the target system. 3) Imagine: Imagine new ways you can innovate the current system. See my example below for clarification. (I intentionally use the word imagine because you must not only “step outside the box” of conventional thinking, you must often smash that old box to pieces!) 4) Make your move! Take action on the 20% that will give you 80% of the needed results. 5) Observe and optimize: Observe your changes, measure and record your results, and change your approach as necessary until you get the results you want. Recently, Greg Wittstock of Aquascapes Designs was featured on the cover of Inc. Magazine proving the value of these principles. As the article highlights, he innovates so quickly that his competitors are simply unable to keep up. It's what has allowed him to go from $800,000 in sales in 1995, to a projected $44 million this year. If you want to accelerate your success and innovate at a pace that you don’t even need to think about what your competitors are doing, you’ll need to rotate different areas of your company in order to polish and perfect. I coach entrepreneurs on an effective techniques for getting the most out your PRIMO Sessions. Here’s some short-hand of how you can begin to apply the PRIMO Process on your own each month. A. Set aside at least two hours once per month to sit down with your team and proactively practice the PRIMO Process on one area that’s critical to your business growth. (For larger companies with 25-plus people, have one meeting per department.) B. During the month following that first meeting, observe, measure and document the level of improvement generated by the new system. C. At the start of the following month’s meeting, begin with a brief status report on your target system, and discuss further optimization. Then use the remainder of your meeting to address the next system in order of priority. You won't be able to achieve a leadership position in your industry without innovation, and you definitely won't maintain that position unless you have systems in place. These two key components of growth can sometimes work against each other and it requires a fine balance between the two. The PRIMO Process is the key to keeping this delicate balance in your company. *Are you clear about the systems you need to have in place? Ask yourself when doing any task or activity how it could be done with less effort, and more ease. Could someone else do it? Does it need to be done at all? Could it be done in combination with something else? One quick example: When Shaklee was my business focus, I found myself spending a large amount of time at the Post Office sending out packages (95% were less than 1 lb.). It occurred to me I was spending at least one hour of my day driving to and from the PO and waiting in line. It seemed like a lot of wasted time! The situation was also complicated with the fact that my daughter Lexi needed to go along for the ride, too. Imagine me, with an infant, several loose packages, a purse, the line, the traffic (I'm exhausted just thinking about it!). It was a glorious day when I asked myself the question: "What is a better way to do this?!?!" By doing some resear Business Management; Failed Franchisee, is Capitalism to Blame? he five-steps to developing the innovative systems that can help you become a distinguished leader in your industry:As a Franchisor with a 17-hour a day, 7-day per week decade long run before retirement I found myself opening units serving 450 cities, 110 markets, 23 states and 4-countries. Later as a Franchising Consultant and prior as a Board of Director for the American Association of Franchisees and Dealers, I met many a failed or disgruntled struggling franchisee. Many of these franchisees blamed their Franchisors, they blamed their partners and the blamed the Government Regulators and yet never stopped to look in their own mirrors.Indeed I see the situation as personally and financially catastrophic and yet I ta 1) Prioritize: Prioritize the list of all critical systems* in your business. You will start with the most important ones first. 2) Research: Research and benchmark the current level of effectiveness of the target system. 3) Imagine: Imagine new ways you can innovate the current system. See my example below for clarification. (I intentionally use the word imagine because you must not only “step outside the box” of conventional thinking, you must often smash that old box to pieces!) 4) Make your move! Take action on the 20% that will give you 80% of the needed results. 5) Observe and optimize: Observe your changes, measure and record your results, and change your approach as necessary until you get the results you want. Recently, Greg Wittstock of Aquascapes Designs was featured on the cover of Inc. Magazine proving the value of these principles. As the article highlights, he innovates so quickly that his competitors are simply unable to keep up. It's what has allowed him to go from $800,000 in sales in 1995, to a projected $44 million this year. If you want to accelerate your success and innovate at a pace that you don’t even need to think about what your competitors are doing, you’ll need to rotate different areas of your company in order to polish and perfect. I coach entrepreneurs on an effective techniques for getting the most out your PRIMO Sessions. Here’s some short-hand of how you can begin to apply the PRIMO Process on your own each month. A. Set aside at least two hours once per month to sit down with your team and proactively practice the PRIMO Process on one area that’s critical to your business growth. (For larger companies with 25-plus people, have one meeting per department.) B. During the month following that first meeting, observe, measure and document the level of improvement generated by the new system. C. At the start of the following month’s meeting, begin with a brief status report on your target system, and discuss further optimization. Then use the remainder of your meeting to address the next system in order of priority. You won't be able to achieve a leadership position in your industry without innovation, and you definitely won't maintain that position unless you have systems in place. These two key components of growth can sometimes work against each other and it requires a fine balance between the two. The PRIMO Process is the key to keeping this delicate balance in your company. *Are you clear about the systems you need to have in place? Ask yourself when doing any task or activity how it could be done with less effort, and more ease. Could someone else do it? Does it need to be done at all? Could it be done in combination with something else? One quick example: When Shaklee was my business focus, I found myself spending a large amount of time at the Post Office sending out packages (95% were less than 1 lb.). It occurred to me I was spending at least one hour of my day driving to and from the PO and waiting in line. It seemed like a lot of wasted time! The situation was also complicated with the fact that my daughter Lexi needed to go along for the ride, too. Imagine me, with an infant, several loose packages, a purse, the line, the traffic (I'm exhausted just thinking about it!). It was a glorious day when I asked myself the question: "What is a better way to do this?!?!" By doing some resea Integrity In Business And Life! Wittstock of Aquascapes Designs was featured on the cover of Inc. Magazine proving the value of these principles. As the article highlights, he innovates so quickly that his competitors are simply unable to keep up. It's what has allowed him to go from $800,000 in sales in 1995, to a projected $44 million this year.It is said that who you are in life will be who you are in business (even a work from home business) and vise-versa. If you are someone who is respected in life and considered a person of stature, you will also be that in your work from home business. Just the same with money….a poor man who inherits a million dollars will once again be a poor man, unless he first becomes the millionaire, and then inherits his millions. Who you are without money is who you will be with money, just richer.In business, posture and integrity are everything. How someone views you as a leader, a businessman, a mentor, a merch If you want to accelerate your success and innovate at a pace that you don’t even need to think about what your competitors are doing, you’ll need to rotate different areas of your company in order to polish and perfect. I coach entrepreneurs on an effective techniques for getting the most out your PRIMO Sessions. Here’s some short-hand of how you can begin to apply the PRIMO Process on your own each month. A. Set aside at least two hours once per month to sit down with your team and proactively practice the PRIMO Process on one area that’s critical to your business growth. (For larger companies with 25-plus people, have one meeting per department.) B. During the month following that first meeting, observe, measure and document the level of improvement generated by the new system. C. At the start of the following month’s meeting, begin with a brief status report on your target system, and discuss further optimization. Then use the remainder of your meeting to address the next system in order of priority. You won't be able to achieve a leadership position in your industry without innovation, and you definitely won't maintain that position unless you have systems in place. These two key components of growth can sometimes work against each other and it requires a fine balance between the two. The PRIMO Process is the key to keeping this delicate balance in your company. *Are you clear about the systems you need to have in place? Ask yourself when doing any task or activity how it could be done with less effort, and more ease. Could someone else do it? Does it need to be done at all? Could it be done in combination with something else? One quick example: When Shaklee was my business focus, I found myself spending a large amount of time at the Post Office sending out packages (95% were less than 1 lb.). It occurred to me I was spending at least one hour of my day driving to and from the PO and waiting in line. It seemed like a lot of wasted time! The situation was also complicated with the fact that my daughter Lexi needed to go along for the ride, too. Imagine me, with an infant, several loose packages, a purse, the line, the traffic (I'm exhausted just thinking about it!). It was a glorious day when I asked myself the question: "What is a better way to do this?!?!" By doing some resea Does Promotional Merchandise Make A Lasting Impression? ur business growth. (For larger companies with 25-plus people, have one meeting per department.)There are many different types of promotional merchandise, ranging from T-shirts and badges to calendars and desktop accessories, all usually imprinted with a company's name, logo or message. The innovative use of promotional merchandise in developing solutions to marketing challenges can help raise brand awareness, increase tradeshow traffic, improve employee retention and much more.The impact on brand image can be significant with recipients of promotional merchandise gaining a more positive overall image of a business. As a result, they are more likely to recommend the business to o B. During the month following that first meeting, observe, measure and document the level of improvement generated by the new system. C. At the start of the following month’s meeting, begin with a brief status report on your target system, and discuss further optimization. Then use the remainder of your meeting to address the next system in order of priority. You won't be able to achieve a leadership position in your industry without innovation, and you definitely won't maintain that position unless you have systems in place. These two key components of growth can sometimes work against each other and it requires a fine balance between the two. The PRIMO Process is the key to keeping this delicate balance in your company. *Are you clear about the systems you need to have in place? Ask yourself when doing any task or activity how it could be done with less effort, and more ease. Could someone else do it? Does it need to be done at all? Could it be done in combination with something else? One quick example: When Shaklee was my business focus, I found myself spending a large amount of time at the Post Office sending out packages (95% were less than 1 lb.). It occurred to me I was spending at least one hour of my day driving to and from the PO and waiting in line. It seemed like a lot of wasted time! The situation was also complicated with the fact that my daughter Lexi needed to go along for the ride, too. Imagine me, with an infant, several loose packages, a purse, the line, the traffic (I'm exhausted just thinking about it!). It was a glorious day when I asked myself the question: "What is a better way to do this?!?!" By doing some resea The Case For Internships e in place? Ask yourself when doing any task or activity how it could be done with less effort, and more ease. Could someone else do it? Does it need to be done at all? Could it be done in combination with something else?America may be the Land of Opportunity, but this is also the land of the Big Trade-Off. Sure, you can have that nice house, but you’re going to have to become a mortgage slave to keep it. You can drive that fancy sports car, but you’ll have to fork over an insurance premium as hefty as the GNP of some Third World nations. In the Bible it says, in life, if you want honey, you get bees with stingers. For anything worth having, there’s price to pay.It’s the same with a career. Most professional positions require experience, but in this classic Catch-22, how does a young coll One quick example: When Shaklee was my business focus, I found myself spending a large amount of time at the Post Office sending out packages (95% were less than 1 lb.). It occurred to me I was spending at least one hour of my day driving to and from the PO and waiting in line. It seemed like a lot of wasted time! The situation was also complicated with the fact that my daughter Lexi needed to go along for the ride, too. Imagine me, with an infant, several loose packages, a purse, the line, the traffic (I'm exhausted just thinking about it!). It was a glorious day when I asked myself the question: "What is a better way to do this?!?!" By doing some research, I discovered I could purchase a scale for about $15, and unlimited denominations of postage delivered to my door for a $1 service charge (check out: www.usps.com). While purchasing my scale, I stocked up on address labels, different sized envelopes and other needed supplies. I was able to use that additional hour to be productive, generate more business and ultimately make more money! Have fun using "PRIMO" in your business.
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