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    How To Manage Business Risks
    In spite of the fact that all businesses that are operated by small business owners face high risks, risk factor in small and big businesses is the main overlooked area. Risk minimizing is very crucial, although taking risks in business and winning on risky gambles is fun. It is the same as in any venture that involves risk. Businesses both small and big need to deploy good risk management processes in place. They should have a system that manages
    ob well done. I bet you felt pretty good and probably motivated to do even better. I'm also sure you didn't think your boss was a big softy or that he lacked courage; probably the opposite.

    Successful managers realise that almost everyone reacts positively to Confirming Feedback. They feel better about themselves a

    Video - Is There A Better Form Of Web 2.0 Promotion?
    I guess that most people know the story of YouTube (www.youtube.com) by now.A story of how a company that was created in February 2005 was sold to Google for $1.64 billion, less than two years after establishment and without ever having turned a single cent of profit.Why would a business behemoth like Google spend such a fantastic amount of money on a company that, by all traditional business standards, is not worth a candle?L
    The feedback I'm talking about here isn't some sort of formalised appraisal that takes place with your team members every month, or every six months or once a year. This feedback happens continually and it happens when you see or hear something you want to give feedback on. The trick is - keep it simple.

    If you see or hear something you do like - you tell the team member about it. If you see or hear something you don't like or feel could be done better - you tell the team member about it and you coach them.

    Confirming Feedback is about giving the good news. It's about confirming to your team member that you approve of whatever it is you've seen them do or heard them say. It's a compliment or a thank you.

    It also seems to be something that some managers have great difficulty with. They take the attitude that - "why tell people that you're pleased with them when they're only doing what they're paid to do in the first place."

    A great deal of this attitude stems from managers believing they having to be big and tough and macho. And managers don't do all that touchy-feely stuff, saying thank you is for wimps.

    If you still feel a bit like that, think for a moment how you felt if a manager ever gave you a genuine compliment or a thank you for a job well done. I bet you felt pretty good and probably motivated to do even better. I'm also sure you didn't think your boss was a big softy or that he lacked courage; probably the opposite.

    Successful managers realise that almost everyone reacts positively to Confirming Feedback. They feel better about themselves a

    Entrepreneur to Employer
    You make the decision to go into business and for some time work from home or in leased premises and your business starts to grow.Like all businesses you experience growing pains. Cash Flow is sometimes tight, customers come in ebbs and flows but you continue to make progress.You win a few major contracts and at the back of your mind you realise you need to make some important decisions for the future.Your hours at work have b
    or hear something you do like - you tell the team member about it. If you see or hear something you don't like or feel could be done better - you tell the team member about it and you coach them.

    Confirming Feedback is about giving the good news. It's about confirming to your team member that you approve of whatever it is you've seen them do or heard them say. It's a compliment or a thank you.

    It also seems to be something that some managers have great difficulty with. They take the attitude that - "why tell people that you're pleased with them when they're only doing what they're paid to do in the first place."

    A great deal of this attitude stems from managers believing they having to be big and tough and macho. And managers don't do all that touchy-feely stuff, saying thank you is for wimps.

    If you still feel a bit like that, think for a moment how you felt if a manager ever gave you a genuine compliment or a thank you for a job well done. I bet you felt pretty good and probably motivated to do even better. I'm also sure you didn't think your boss was a big softy or that he lacked courage; probably the opposite.

    Successful managers realise that almost everyone reacts positively to Confirming Feedback. They feel better about themselves a

    Software Outsourcing
    Cyndi Joiner had been responsible for GMAC's Corporate Real Estate and Facilities Management group for three months when she faced a major challenge: The large support operation appeared to be at a crossroads. The division needed to cut costs, manage suppliers' performance better, and clean up the chaos engendered by a lack of internal controls, standards, and up-to-date technology.Joiner presented top management with three options: continu
    er it is you've seen them do or heard them say. It's a compliment or a thank you.

    It also seems to be something that some managers have great difficulty with. They take the attitude that - "why tell people that you're pleased with them when they're only doing what they're paid to do in the first place."

    A great deal of this attitude stems from managers believing they having to be big and tough and macho. And managers don't do all that touchy-feely stuff, saying thank you is for wimps.

    If you still feel a bit like that, think for a moment how you felt if a manager ever gave you a genuine compliment or a thank you for a job well done. I bet you felt pretty good and probably motivated to do even better. I'm also sure you didn't think your boss was a big softy or that he lacked courage; probably the opposite.

    Successful managers realise that almost everyone reacts positively to Confirming Feedback. They feel better about themselves a

    Innovation Management - does the idea fit with the firm?
    Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Whilst there is no sure fire route to commercial success, these processes improve the probability that
    t deal of this attitude stems from managers believing they having to be big and tough and macho. And managers don't do all that touchy-feely stuff, saying thank you is for wimps.

    If you still feel a bit like that, think for a moment how you felt if a manager ever gave you a genuine compliment or a thank you for a job well done. I bet you felt pretty good and probably motivated to do even better. I'm also sure you didn't think your boss was a big softy or that he lacked courage; probably the opposite.

    Successful managers realise that almost everyone reacts positively to Confirming Feedback. They feel better about themselves a

    Selling Abilities - Part 1
    Selling “-abilities”:  Reliability (Part 1 of 4) Most salespeople love to talk about their “-abilities”: Reliability, Upgradeability, Compatibility and Expandability.   Salespeople feel stronger and more confident when they can use their ‘abilities’ to convince the customer to make a buying decision.  But what happens when the customer still doesn’t buy?  What happens when you keep repeating your abilities but get no response or p
    ob well done. I bet you felt pretty good and probably motivated to do even better. I'm also sure you didn't think your boss was a big softy or that he lacked courage; probably the opposite.

    Successful managers realise that almost everyone reacts positively to Confirming Feedback. They feel better about themselves and they feel motivated to repeat the behaviour. There is a saying that says - "You get more of what you reward."

    Michael LeBoeuf tells this fable in his book 'The Greatest Management Principle in the World.' -

    A man went fishing one day. He looked over the side of his boat and saw a snake with a frog in its mouth. Feeling sorry for the frog, he reached down, gently took the frog from the snake and set the frog free. But then he felt sorry for the snake. He looked around the boat, but he had no food. All he had was a bottle of whisky; so he opened the bottle and gave the snake a few shots. The snake want off happy, the frog was happy and the man was happy to have performed such a good deed. He thought everything was fine until about ten minutes passed and he heard something knock against the side of the boat. With stunned disbelief, the fisherman looked down and saw the snake was back with two frogs!

    So if you tell one of your team that you like the way they have completed some aspect of their work, then you'll find that they continue to do that work in the same way or probably even better.

    However, your feedback must be genuine.

    Sometimes on a seminar, I ask the group - "Who likes receiving compliments?" Often only a minority will put up

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