Small Business Success – The Top 10 Rules

1. Start with enough business capital. Depending upon the kind of business you’re in, how big an investment it requires and how long it takes you to develop a positive cash flow, you need enough money to pay the bills until your business turns the corner. It may take longer than you think, so have a source in mind for a second round of financing, if you need it. Bear in mind that the number one reason new businesses fail is insufficient capital. 2. Conserve your money.Your cash is the life-blood of your business. Especially when your business is new, and you haven’t yet developed a lively cash flow, available dollars will mean the difference between success and failure. Don’t waste anything, not paper clips, not pencils, not anything at all. And when you consider a business purchase, ask yourself, “Will this help my business grow?” If the answer is yes, then ask, “What else might I buy with this money?” In other words, if you don’t need it, don’t buy it. And even if you do need it, make sure there isn’t something else you need more.3. Sell what the market wants. Is there really a profitable market for what you want to sell? You may think there’s a need for what you have because no one else is selling it, and perhaps you’re right. It’s far more likely, though, that it’s not being sold because no one wants to buy it. Be suspicious of a lack of competition. Even if you put together a top-flight business with a great marketing program, you simply can’t make people buy what they don’t want. If you think you can educate people to want your product, you’re wrong. The way to get your piece of the market is to sell to the market’s needs, not your own.

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4. Provide good quality.If you sell poor quality, you will forever be replacing your customer base, because people will seldom buy again from a business that sold them schlock the first time. Shabby work always comes back to haunt you, and it can take years to change your negative status in the marketplace. Good word of mouth is the best kind of advertising there is. In many businesses, new customers are primarily the result of the referrals from existing customers. A good reputation is your biggest asset. Be known for quality.5. Give your small business your best shot.When you start a small business, you take on all the responsibility and a huge number of tasks. There’s little room in an entrepreneur’s life for anything but his/her new business. To create a successful business, be prepared to put your heart and soul into the effort, to work long hours, and to confront and solve a myriad of problems. When the going gets tough, keep saying to yourself, “I will not be defeated. I will win.” It’s that kind of attitude that weathers difficult times, and builds successful companies. No, you don’t have to be superhuman to be an entrepreneur, but you do have to be strong. Being an entrepreneur isn’t for everyone.6. Be prepared to manage.Know enough about the basic aspects of the business you’re in, so you don’t make serious mistakes on the big, important issues. Sure, there are stories about 20-year-old college dropouts who step into the business world with no experience, and become instant billionaires. But those are rare exceptions. Most of us need some experience before we really know what we’re doing. The point is, don’t just jump in with no background in your field, or you could quickly find yourself over your head.7. Hire good people.Smart, efficient employees are solid gold. They make your business run smoothly. They make you look good. They make money for you. Employees who are lazy, stupid and/or troublesome can drive you crazy, and even destroy your business. Get the best people you can afford. Take your time and be exceptionally choosy when you hire. The two most important attributes to look for are enthusiasm, and strength of character.8. Put the latest, best technology to work for you.Today’s most advanced technology helps you work faster, more productively and more accurately. If you spend two days doing what a computer system could accomplish in fifteen minutes, you can bet it will be difficult to outperform your competitors. Investing in old technology is always a mistake. Its useful life is shorter because it will be obsolete sooner. And old technology is often incompatible with new add-ons you may need up the road.

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9. Market aggressively.Some wise business person once said, “Nothing happens until you sell something.” Without sales, there is no cash inflow, no profit, no business. For some new entrepreneurs marketing is an afterthought, something they have to do now that they have the rest of the business put together. In fact, the proper place for marketing is at the very center of your business. It’s the key function that must be the focus of everything and everyone in the company. As the boss, it is up to you to emphasize marketing, and to make sure everyone in the company understands you’re in business to sell and to make a profit.10. Learn the things you don’t know.Be honest with yourself, and admit there are things about running your small business you don’t know. Probably you don’t even know what you don’t know. If you stop learning, the world will pass you by. So be curious. Search out new perspectives, and expand your base of knowledge. You will never have an answer to every question, but you will continually become a more effective manager.

Those Big Words, ‘Business School’

The ultimate goal for those who enroll in an MBA program is career advancement. What form this advancement will take depends completely on each individual’s personal agenda. One student may plan to return to work for a former employer in a more sophisticated context, while another may seek to change careers entirely, transferring to a field that is more challenging or fulfilling. Other more entrepreneurial students may attempt to launch an independent business. Whatever the case may be, MBA programs are designed to guide the student toward the path of their choosing while providing the skills that will be required when they reach their destination.How do they do this you ask? Well, the most successful MBA programs strive to gather groups of students with diverse backgrounds and goals and then facilitate the sharing of their experiences in the context of the study of theoretical business applications. Before we get in to the academic elements of the MBA program, let’s first take a look at some of the different techniques schools are currently using to cultivate leadership qualities in their students (besides the standard lectures, papers, exams, etc?).1) Problem-Based Learning (a.k.a Case Studies)Rather than simply conveying material to the students through lectures, business schools are now using the problem-based learning format to force students to think for themselves rather than regurgitate material that they’ve memorized.Classes are subdivided into small groups and each group is presented with a particular management issue or problem.As a team, the students must research the case they’ve been presented with and apply what they’ve learned from their studies to come up with a solution to the particular problem.This type of exercise forces students to become “horizontal thinkers” who must consider ALL factors related to a particular decision rather than simply looking at an issue from on particular perspective (ie. accounting vs. marketing vs. finance).2) Studies in the FieldMany schools are now supplementing class lectures and individuals study time with studies in the fieldAlthough most students coming into MBA programs already have significant work experience, schools continue to stress the importance of “learning from doing”The interpersonal skills that are crucial to strong leadership cannot be taught in the classroom setting but rather must be observed first hand in the field.3) Team-Based Learning

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While many of the projects assigned in business school require students to work in groups, team-based learning focuses specifically on how to work as team.The goal isn’t so much to complete a particular assignment or project on some managerial issue, but rather the to learn how to work closely with others.Setting goals, assigning responsibilities, and learning to rely on others are some of the skills involved.Because team project and work groups have become so common in the business world, the schools are stressing teamwork abilities now more than ever..The CurriculumNow of course, underlying all of these different teaching techniques, is the curriculum itself. The first year courses of most MBA programs make up what is known as the core curriculum. While each school tries to present the material in what they believe is a unique or progressive manner, there remains minimal variation in these courses from school to school because every MBA student must ultimately have a fairly extensive level of knowledge in the following areas:Business Strategy AnalysisFinancial and Managerial AccountingManagement Statistics and Data AnalysisManagerial EconomicsMarketing ManagementManagerial FinanceManaging OrganizationsOperations ManagementFor a detailed description of any or all of these courses, please browse through the course calendar or website of the particular business schools you are considering.Once this core curriculum has been completed, most business schools allow their students to spend the remainder of their course time on electives. Many schools are recognized for particular programs that they offer and this recognition tends to revolve around these second year elective courses. Often business schools will have faculty who are eminent leaders in their field lecturing for these courses, providing the class with cutting edge research and the latest advancements in the area. Some of the areas that a second-year MBA student can specialize in include:AccountingArts ManagementEducational AdministrationEntrepreneurial Ventures FinanceGovernmentHealth Care AdministrationHuman ResourceManagementManagement ConsultantsManagement InformationTechnologyManufacturing ManagementMarketingNot-for-Profit OrganizationsOperations ManagementSmall Business ManagementSo as you can see, it’s no longer possible to pigeonhole business schools as gathering places for society’s elite, who put in a couple of years before taking over the family empire. A degree from a reputable business school can now place you on the fast track for a leadership position in any one of an incredibly diverse number of career paths. The MBA has become just as important in public service domains such as education, government, and healthcare administration as it is in the more traditional corporate sectors.What to Expect for the Costs you have Sunk In?Having established that going to business school represents a pretty serious financial burden, let’s see what you’re actually getting for all those dollars your laying out. What are the “frills” schools are using to attract students, and the impact that the program can have on your ability to attract employment and your earning potential once you’ve found the job you’ve been seeking.Facilities:Talk about plush. Be prepared to work extremely hard when you get to business school, but if your at one of the better ones, take solace in the fact that you’ll be doing it in style. The fact is that many of the schools (and not just the powerhouses) are investing heavily in infrastructure to woo you. Remember, there’s a definite element of reciprocity in the relationship between schools and applicants. To put it simply, they want you to like them just as much as you want them to like you. As a result a significant proportion of a business school’s dean’s time is spent fundraising. Many schools are building brand new buildings, with brand new classrooms, libraries, conference rooms, cafeterias and students lounges all supplied and state-of-the-art technology. Just as one example, Cornell’s Johnson Graduate School of Management has built a simulated trading floor with the exact same technology being used by real analysts.Connections:The business world is ALL about connections. We’re not going to feed you the line that “it’s who you know not what you know” but rather that it’s “who you know AND what you know”. For that reason, an MBA program has become incredibly important for young people trying to get their foot in the door. At business school you’re going to educated in the “what” and immersed in the “who.” Without even realizing it, you’re going to be spending two full years networking. Whether it’s faculty who have pivotal roles in major corporations, corporations who’ve formed alliances with the school, or fellow students, over the course of the program you’re going to be in close contact with individuals who are currently, or will be in the future, extremely influential in the business community. Imagine your new best friend happens to be the next Bill Gates, Warren Buffet, David Filo, or Jerry Yang just waiting to surface. Well that’s the kind of relationship that fortunes are built on.

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Jobs:The following excerpts come directly from the Business Week Guide to the Best Business Schools (6 th ed.). It summarizes the relationship between MBAs and corporate hiring so well that felt we should pass it straight on to you completely unadulterated. We further recommend that you find the complete article from which this excerpt was taken (available on the web) for supplementary reading and that you use the guide as one of your resources for choosing the right business school for you (in our opinions it’s one of the most informative).As we approach the millennium, the MBA is unquestionably the hottest degree you can hold, particularly from an elite school. The stats prove it: At virtually all of the best schools, GMAT scores and starting pay packages are setting records. Applications are too, although a large part of the boom is coming from overseas…The 61 schools surveyed by business week for its 1998 rankings waded through 116,912 applications for the Class of 2000, and the average GMAT score was 667 for those attending the Top 25 schools, up from 649 just two years earlier.Today, the MBA is on its way to becoming a requirement for anyone who hopes to build a career in Corporate America, and, indeed, much of the world… Certainly, it’s true that corporate recruiters can’t seem to hire enough MBAs these days. The 259 recruiters who participated in business week’s 1998 survey of the best business schools hired 10,348 MBAs in total, a 28 percent rise from 1996. And they would have hired even more if they could have: Grads of the Top 25 business schools averaged 3.2 job offers each, up from 2.3 in 1992, and compensation exploded. The median pay package (salary, bonus, and extras such as stock options or moving expenses) at the Top 25 hit $111,420, up 19 percent from just two years ago. Another telling figure: Median pay topped $100,000 at 18 of our Top 25-versus 5 two years ago.For more about online mba degrees, visit us online.

Turn Your Blog Into a Business Builder

Many small business owners have yet to catch on to the true advantage of blogging because they perceive bloggers as self-absorbed. In a recent US News and World Report article, a survey by Warrillow & Co. showed that only about 41 percent of small business owners have an interactive website, and if they do have a website, a blog is not high on the priority list for inclusion.These statistics show that the small business community is not only small in size but in vision as well. This Web myopia is limiting their reach. And it’s a shame because blogging can be a powerful tool for building your business.Yet another study showed that half of the businesses surveyed closed sales as a direct result of their blogs. Blogs regularly delivered qualified leads to 70 percent of those business owners.The ideas and nuggets posted to a blog by a good (or great) thought leader delivers a viral effect. One reader subscribes and then passes along the valuable insight from this blog, and the word spreads. That’s when you turn your blog into a driving force for your business. Here’s a rich opportunity for you to become the thought leader that everyone wants to turn to for creative, thought-provoking ideas to better their own business. Using a blog host like Typepad, Blogger, or WordPress also boosts your search engine optimization, because these sites automatically format your blogs so that keywords and phrases are picked up by search engines. And, of course, the more you update your blog with rich, insightful information, the more you will develop a following with customers and prospects returning more frequently. Ultimately, your blog will drive more traffic to your website and build your brand recognition in the process. The result? More leads, referrals, and sales!

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The next question is, “Where do I begin?” The best way to get started is to read blogs that are pertinent to your business as a VAR. You’ll quickly see that blogs are written in conversational tone that delivers practical and insightful information in an easy-to-read manner. Here are a few thoughts on how to drive business through your blog:- Discuss a practical situation without using ad speak. Using a promotional voice in a blog is a huge turn-off for most readers. Customers want to find relevant, useful information with your own unique experience mixed in. Define a particular problem that you experienced and then explain how you solved it. Better yet, consider what some of your customers’ problems might be, and present the challenge and a solution based on your own experience. This will encourage your customers to keep coming back for more. If you just talk about yourself and your services, it “sounds” like marketing, which should be used in your advertising, not your blogs.- Promote your blog. OK, so this goes against a bit of what I just said regarding steering clear of ad speak, but if you want people to read your blog, they first have to find you. Add your blog URL to your signature on all emails. Link your blog to your Twitter, Facebook, and LinkedIn pages. Allow readers to subscribe to the blog via email (with an opt-in option on your website) so they receive your blog every day in their inbox. Blog about other thought leaders when they relate to your topic so that you create an association with that leader (but do this in a thoughtful way so you’re not “using” them). At any opportunity, post a comment on other blogs where potential customers might be searching for similar information. This will send them to you searching for more.- Create value. Stretch your potential. Mix value in with actual business opportunities. What products do you have that you want to push this month? Offer some insights into the upcoming trends of the industry; then soft sell a particular product’s value for the solutions it provides. Encourage others to get involved in your blog, to ask questions and even answer them. If customers feel they’re getting something of value at no cost, they’ll come back for more.- Offer something for free. Blogs are a great way to dangle ideas to tempt your readers to provide their email address (i.e,, opt in). Create links in your blog to free white papers and articles or to product samples that you’re willing to give away for a trial, in exchange for their email addresses. Give hints about how this free tool is only a glimpse at the big picture. This helps to create ways of encouraging your customer to buy in to more.

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– Become a news source. Read, read, read. What are the latest trends? Who is coming out with the next version of solution provider software? What is the larger economic picture and how do you customers fit into it within their world? By taking facts and news bites that are current and relative to today’s business world, and then offering a localized perspective for your customer, you position yourself again as a thought leader. Customers will return to your blog time after time because they know that you know what’s going on. You will become a trusted business advisor and ultimately garner more business as a result.There is no question that blogging can become time consuming, almost to the point where it dominates the time dedicated to your marketing mix. But it doesn’t have to. Trying too hard to blog can be just as bad as not posting to your blog at all. If you have something important to say, by all means, say it. But if you find yourself forcing an issue or trying to develop a creative idea that just isn’t there, walk away from the keyboard and try again tomorrow. Remember to use your blog as a business tool, not just a place for white noise.

Advantages of Time Management

Time management is an important aspect of life, be it work, study or during leisure time. It sounds obvious but there are a number of advantages of time management, and can end up saving a lot of time in the long run.The first of the advantages of time management is to be found in the time that is gained. Scheduling and planning activities can remove a lot of wasted time. If you consider how much time is wasted waiting around for people to be ready for a meeting, a meal or some other activity, then time management could gain you hours at a time.

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Many people believe that one of the main advantages of time management is that a lot of stress and anxiety can be removed from daily life. Knowing what has to be achieved and by when is a great comfort to lots of individuals.Another of the advantages of time management is that many people find it a great motivating tool. People often lack a desire to start a task without having a plan in front of them. Many people find that be creating individual deadlines for part of an overall task they actually have a reason to start a project. The advantages of time management therefore extend in to removing the desire to avoid a project or a particular deadline. When a piece of work can be planned ahead it is often possible to build in time to review that work. This can eliminate a lot of rushing and also can allow for any mistakes to be resolved before the work is submitted.Time management is a very personal thing and so it should be possible for everyone to plan anything needed in their life. This means that it should also be flexible enough to change as circumstances change. Some people will only plan their work, and let their free time go with the flow, and some people will plan their whole life.

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Most people like the discipline that time management can instill although at the same time some people can take it too far. Taken to the extreme, where the whole life is planned, can lead to a lack of spontaneity and people can then be accused of having no fun, although this does depend on the individuals involved.In most cases everyone can use the advantages of time management to make time for other things.

Business & Money

Business & Money – inextricably linked according to our latest survey of subscribers. 50% of you who responded want a successful business with over 27% of you wanting to run a successful business that you can work on, and travel with, anywhere in the world.Trailing in way behind was “a million pound property portfolio” desired by just 13.5% of you, with only another 13.5% of you wanting to be debt free. I’ll tackle those two topics later in the week, but I bet the property portfolio would have been higher this time last year!What is a “successful” business?Everyone has a different definition and I think it depends what kind of a life you want. If you want a nice easy quiet life, with lots of time for leisure activities and hobbies, then a nice home-based or lifestyle business would be good for you. You might want to look at a network marketing opportunity like Avon, Telecom Plus, Virgin Vie or Success University.Or even something more down to earth and local like a babysitting business, gardening or something where you buy into an existing successful system, like Judith Morgan’s Cleaning Biz. My friend Kim – a great hairdresser – has made a great business working from home 3 days a week, in her lovely salon, entirely depending on word of mouth referrals and able to pick her kids up from school and knock off early if she wants to.If you want a bit more excitement then you might want to build a global business with lots of staff and a high-flying lifestyle. If you want high-flying but no team, then a consultancy business might be for you.By any definition, a successful business is one that covers all its overheads, pays its taxes, makes enough profit to create a long term financial cushion to be able to ride out peaks and troughs in the market or economy, and pay you a handsome salary AND dividends on top!When I was in my 20’s and 30’s, I would have defined a successful business as one that paid me enough to pay my household bills, without having to work away from home. My expectations have been raised quite dramatically since then! As have my outgoings. But also my income luckily.Not without a lot of pain though, due to having NO CLUE about what a successful business looks like, acts like or needed from me. About 100 books, and at least FIVE business mentors later, I might be getting there.I think it also depends on your level of corporate or business experience when you start, where you set your expectations, and whether you have read any of the great wealth creation or business books like “Rich Dad Poor Dad” by Robert Kiyosaki or “The E-Myth Revisited” by Michael Gerber which are certainly eye-openers.Working with Judith Morgan, serial successful entrepreneur, and hanging out online with gurus and business coaches like Rich Schefren has changed the way I think about business for ever, too.

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There is no right way or wrong way to think about what a successful business means for you, but do try and define it. If you begin with the end in mind, you will find it a lot easier to put the plan in place to achieve that success for you.Businesses seem to go through phases…in the early days it’s all about attracting clients or customers and so many don’t get past that hurdle.When we then surveyed our mailing list about what was stopping them creating a successful business some interesting answers came up….The overwhelming majority of you feel that money is the issue in starting a successful business.Business & money, money & business. Bit like the chicken and the egg eh?You want a successful business so that you can have more money, but you can’t even start a business becuase you percieve that you need money to start one, and you don’t have any money.The survey revealed that you think you need start up capital, you worry about paying yourself while the business gets going, and you are concerned about not being able to afford to outsource the things you can’t do.Then we get into marketing worries, like not being confident of being able to market your business effectively, talk about your business in a concise and compelling way, or how to go about promoting your business.As this article is about Business & Money, I’ll steer away from my favourite topic, marketing, and stick to the brief. With difficulty as I get very passionate about marketing.If you look around you there are numerous business opportunities that don’t require any start up capital. A local babysitting, cleaning or dog-walking company could start with some neat, hand-written leaflets put though local doors, and then you could re-invest some of your profits in getting that done via your local paper and professionally printed. We got a quote the other day for 10,000 full colour 2-sided flyers for £40 odd.Need I say that the aim with those kind of businesses is to quickly recruit people to do the actual cleaning, gardening, babysitting or dogwalking – with you just doing the marketing, admin, etc. and enjoying the benefits?Most network marketing opportunities require a very minimum investment – some, like one of my favourites, can be built and made a success of, entirely online, only requires you to join yourself for £25 / $50 odd per month (£1 / $2 in the first month).The product is personal development education, including business, internet marketing, wealth creation and various other topics. The content is great, supplied by many top names, and would benefit not only you, but many, many people.If you use the content yourself, and if you blogged about what you were learning, and put links in your posts and a banner in your sidebar, like we have over to the right there, you would soon start attracting traffic and referrals. Building a business the easy way.Actually that goes for any start up business. One of the best way to attract business is to keep a blog (web diary). Just tell your story! Your blog will naturally fill up with key words and even a local business will start to attract customers……especially if they use Google Maps and list themselves in Google Local.Oooops! straying into marketing there. Stick with business & money!One of my business partners has a cleaning biz opportunity which is a license, not a franchise, which is a bit more informal and certainly less expensive. You are buying into a proven system so are less likely to go wrong and I know the founders give their licensees loads of support.However, licences and franchises are best suited to people who want their own business, but who want to follow a proven system – they dont’ suit raging entrepreneurs who want to create, improve and change things all the time.Coming onto the second part of the results from our survey, what kind of business can you run from anywhere in the world?Ah, now this is the clincher.If you want a business that leaves you free to travel, and be based anywhere, unless you are going to be head of a massive empire, with loads of directors and an MD or CEO to run things on a day to day basis, you will be needing an internet business.And the good news is, internet businesses don’t take much start up capital, the overheads are very low, and while you can start doing everything yourself, you can re-invest your profits in building a team of experts to outsource most of the work to.We had a great day in London the other day with one of my most established internet marketing friends, Peter Woodhead, where he made us gasp with how easy it is to build a business without ever having to create a product yourself.He showed us how to find “out of public domain” books, audio and articles to use, update and make our own. He even showed us an incredibly simple way to make money from those new products, even if you don’t have a website!!There really is no excuse not to create a business that can travel the world with you. If you don’t do it, there is something holding you back and that something is in your head, not out here in the business world.It’s more about your beliefs – limiting and negative beliefs about business in general, and you in business, in particular.

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Actually that’s true of wealth creation generally. It’s like most people are going around in a thick, thick fog of believing that it’s not possible to make more money than that earned from their day job.Once they get “the spark of possibility” lit for them (as my first mentor Gill Fielding used to say) then it’s just a question of finding the RIGHT opportunity for them, the one that will suit their personality, skills and strengths and take them furthest, fastest and most easily.Talking of personality types, do you know what yours is?I’m a star/creator/mechanic in Wealth Dynamics terms, and a 9 on the Quick Action part of Kolbe Index.So in terms of my strengths and skills, I love to speak and make videos, I love to create products and write.Then, in terms of how I habitually take action, I love to get things moving, take action quickly and get momentum going fast.Terrible at follow up, ok at research up to a point, and really rubbish at accumulating assets or making deals (unless they are very creative ones!)Luckily, we are accumulating assets despite ourselves due to investing with people who do that for you!You see, once you know your strengths, skills and style of working, you can work to those strengths and outsource the rest.They you can really fly, in terms of not only succeeding, but doing so in a way that is MOST enjoyable.Because there is no point in replacing a job you hate, with a business you hate, because you are having to do stuff you don’t enjoy, are not good at and worse, the boss is an overstressed, controlling madman (you!).Now, can you figure all that out yourself? Or would you like some help?If so, then one of your first tasks should be to find a mentor – someone who has successfully built a business in the area you want to go into.Where can you find such a mentor? I would start by asking everyone you know, then perhaps think about going to networking meetings. Be brave about asking for help and advice – it will make you stand out from the crowd (who are all trying to sell something!)Think about joining one of the online networking groups like Ecademy, who also hold countrywide and local networking meetings.Only by surrounding yourself with people on the same kind of journey as you, will you be more likely to be successful.And with the economic doom & gloom around in the news at the moment, wouldn’t it be great to build a business on the side of your day job, that may, one day, set you free?Because you can, you know!

Psychics In Business Series – Article 2

Is there a role for psychics in the business world? My answer, of course, is yes. We provide useful insights on what’s coming, what hidden influences will affect a set of decisions, how a business can maximize opportunities while minimizing risks, and a whole lot more. I have worked with many business and professional clients over the years, and with some real results…improvements to the bottom line that clearly resulted from advice that I had offered. So, when a young man approached me about an article he was writing on psychics in business, I agreed. Very soon into the interview though, my suspicions were confirmed that that his real intent was to debunk psychics in the corporate world.His article was published recently and I was sorry to see that he really hadn’t learned much from his research. My sense was that he wanted to believe that there was some validity to psychic advice. But having ruled his life, and probably especially his career, on cold hard facts, he couldn’t get past his skepticism to see psychics as anything more than interesting entertainment. Like many others who discount psychic advice, he’ll need a few personal experiences to begin to appreciate the value of intuitive information. Perhaps the universe will bless him with an awakening… In the meantime, his work inspired me to write about how psychics really can contribute to the business community.Let me preface this discussion with an important understanding. Psychics offer insights and information – input – that is useful for decision-making. But I expect that we are simply one of several resources the decision-maker will access before taking action. In fact, my business consultations almost invariably include suggestions for some specific research or other investigation before a decision is made final.

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“It’d be one thing if business leaders were hiring psychics simply to entertain at corporate functions. They already are, along with jugglers, magicians, and comedians. But CEOs aren’t asking jugglers, magicians, and comedians to sit in on board meetings or for their opinions on how the latest SEC regulation will affect the company, so why are they asking psychics?When an organization’s direction hinges, even partly, on the flip of a tarot card, Jupiter’s location tomorrow, or mere intuition, good fun warps into questionable management. So it’s worth pondering: Why are any executives making paranormal the new normal?Even if psychics aren’t always right, neither is anyone else. So what’s wrong with using every possible resource to gain extra perspective? As Danielle Daoust points out, a psychic promises nothing more than a “second opinion.” It doesn’t make it an educated opinion, though. Aren’t you better off hiring a management consultant?”I am tickled by these comments… some years ago, my team was hired by a large bank to entertain a select group of their top business clients. The person who hired us was concerned that we wouldn’t be very busy, especially since we asked to be tucked away in a quiet corner of the room. But after the first hour, she was back, now worried that we wouldn’t be able to read for everyone who wanted us… We were familiar with this problem… they didn’t expect us to be real, to have useful answers and insights for them. In several cases that night, we hit upon some serious – and strangely similar – business issues that several executives were facing, not realizing that we were reading for people from the same company. The next morning, the company CEO called for a follow-up appointment. The advice we had given him coincided with advice we had given other senior members in his organization, so he wanted us to put together the complete picture for him. We had seen something that he and his team of exceptionally well-paid management consultants had completely missed, or worse yet, had discounted as unimportant. With our input, they went back to the boardroom to re-evaluate their plans, did the work and the research we suggested and finally were able to negotiate an agreement that had eluded them for more than a year.It seems to me that any good executive will use all of the resources at their disposal in these times… it makes a lot of sense to me that more and more business people are seeking answers from the world of metaphysics. Psychics give them eyes in the back of their heads… we help them see the unseen. Quantum Physics proves that our thoughts and feelings affect – or infect – our circumstances in life – and this applies also to business. Science is beginning to understand how it is that we move energy to create our lives – but until this knowledge gets into our school systems, few people are trained to study and read energy… this is where a good psychic comes in.

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However, not every psychic is a good choice for a business reading. I am a college graduate with a solid business background that supports my work. I trained as an analyst and consultant in the corporate world at the same time that I was training as a psychic in my private life. I spent more than 20 years in the corporate world, ended my career selling million-dollar turnkey systems solutions. My work demanded that I know a great deal about the businesses these systems were intended to serve. So I have an intimate understanding of how many different government agencies and businesses function, and from the ground up. And I am not so unusual. I know many professionals, psychologists and business people who quietly practice as psychics, numerologists, astrologers and healers in their private lives and many others who, like me, left a corporate career to follow their hearts into the world of metaphysics and are now well-qualified to offer psychic business advice.Skilled numerologists and astrologers can offer business executives excellent guidance when it comes to choosing the best timing, name or location for a project or business. When you combine this input with a psychic’s ability to look into the energy and the future, and then add all this input to the corporate knowledge base, you will be in a position to make solid-well-grounded business decisions.

Personal Finance Budgeting Balancing

A standout amongst the most critical parts of individual fund planning is adjusting it. When you first set up together your own account spending plan your definitive objective will be to adjust it with the goal that you are gaining increasingly or equivalent to what you are spending.

Individual money planning adjusting begins with getting everything recorded. You need to record each cost and your pay. Costs can be a precarious branch of knowledge.

Costs are not generally precisely the same. Your electric bill might be $45 one month and $125 the following month. This is valid for most service bills unless you are on a spending program. Also, some different costs like fuel can vary from month to month contingent upon the cost of gas. This is the reason you need to do your financial plan each month.

You must be somewhat adaptable. You ought to gauge costs in the event that you don’t know precisely, yet you ought to attempt to appraise inside reason. You would prefer not to over appraisal or think little of by a ton. Take a gander at your past spending or bills to think of a decent gauge.

When you have everything rattled off on your spending you can start to adjust it. In the event that you are fortunate your costs will be less then your pay. Be that as it may, this regularly is not the situation.

You may need to conform a few costs. The primary spot to begin is with costs that you control, for example, diversion and sustenance. You may need to reduce a little with a specific end goal to get your financial plan to offset.

Some of the time you will have additional costs which can truly toss your financial plan askew. Additional costs like Christmas, can be anticipated and ought to be gotten ready for ahead of time. You know you will require the cash so begin sparing back some every month at whatever point you can. Include this cash into your month to month salary sum for the month when you will do your Christmas shopping.

Some additional costs, similar to an auto repair are sudden. On the off chance that you have been planning admirably, however, you ought to have a few reserve funds that you can use for this startling cost. Include the funds into your pay for the month.

Individual money planning adjusting can be troublesome on the off chance that you are on top of your own funds. When you begin, however, you ought to have the capacity to keep things adjusted and hold your own accounts under wraps.

Role of Your Spouse in Personal Finance and Money Management

What might be the result in an association where the buy division works absolutely free and with no comprehension with the fund branch of the association? Buy dept may overspend; back dept will lose control; misconstruing and clashes between both the depts; the outcome is the association’s development gets wrecked.

Thus, if the individual back is taken care of by one and only accomplice, then there could be a considerable measure of confuse amongst you and your accomplice in sparing and spending design. This will prompt misconception and conjugal stretch. Rather than having autonomous sparing and spending arrangement, having an associated plan will help you in dealing with your cash viably and accomplishing your money related objectives.

You go out for supper together. You go to the motion picture together. Why not deal with your own back together? This will construct cash similarity for you and your life partner. Both of you can have a superior relationship and comprehension with each other.

Why it is so vital?

You may ask why individual back ought to be overseen by both of the accomplices. Here are a few focuses to contemplate over;

1)In instance of Emergency:

Assume the accomplice, who is overseeing individual back, met with a mishap and should be hospitalized for one month or somewhere in the vicinity, then how does the life partner will run the show?

Amid the mischance, if the accomplice has missed his wallet which had all the Mastercards and charge cards then how does the life partner hinder those cards before it is abused? Where does she or he find that data?

If there should be an occurrence of crisis, nothing will with the exception of the act of dealing with the individual fund together.

2)Real Workable Budget:

When only you set up the financial plan for your family, then you can’t anticipate that your life partner will spend as per the financial plan. In the event that you set up the financial plan alongside your companion, he or she will approach to help you in sparing more.

You simply attempt this. Include your mate in planning and observing the spending. You will see the spending descending step by step and both of you will begin spending intentionally.

3)Combined Financial Goals:

It is ideal to distinguish the objectives of your mate and also yours and watch that is there any objective which is conflicting to the objective of your companion.

You might need to resign and settle in similar work city. Be that as it may, your mate might need to settle in the local place.

You may plan to purchase a ranch house to spend your relaxation. Be that as it may, your companion might be occupied with spending her/his relaxation at better places like slope stations and other tourism places. For this objective a period impart space to a resort supplier might be appropriate.

So distinguishing and settling your distinction of conclusion with respect to the money related objectives at the plan level is much less demanding and less expensive, rather than doing it at the execution level.

Conquering the obstructions:

There are a few obstructions or complaints in including their life partner in overseeing individual back. How to beat that?

1)No Time:

My life partner is not having enough time to take a gander at these things. ‘No time’ is a false reason. In the event that it is one of your needs, then certainly it will some way or another discover now is the ideal time. Just thing is you have not understood it as one of your need. Individual back is unquestionably a need thing for every last family since it will secure your future.

2)Not intrigued:

My life partner is not keen on individual back. Everybody is keen on their own future and their child’s future. So consistently everybody should be keen on individual back. You have to propel them and make them understandArticle Search, how this individual back administration is critical in accomplishing their life objectives.

3)Doesn’t know:

My companion doesn’t think about individual fund. Nobody has conceived in this world with the abilities of cash administration. We as a whole learned it here. So why not instruct him/her on individual back. Cash administration is a vital life ability. Everybody ought to know. You need your children to deal with the cash better and smarter. Why don’t we instruct our mate first?

Items Not Valid for Foreign Exchange (FX) in the Nigerian FX Markets

In an attempt to sustain the stability of the Foreign Exchange (FX) Market and ensure efficient utilization of Foreign Exchange for the derivation of optimum benefits from goods and services imported into Nigeria, the Central Bank of Nigeria (CBN) recently issued a new directive in a circular it distributed.

The directive exempts some imported goods and services from the list of items eligible to access FX at the Nigerian Foreign Exchange markets in order to foster and support local production of these items in the country.

The implication of this development is that importers desiring to import any of the items listed in the aforementioned CBN’s directive would be required to source for FX funds without any recourse to the Nigerian Foreign Exchange market (Interbank market and BBN Intervention).

The list of the affected items are outlined below but may be reviewed as the need arises. However, please note that the importation of these items are not banned.

The items include the following:

Palm kernel/Palm oil products/vegetables oils
Meat and processed meat products
Vegetables and processed vegetable products
Poultry chicken, eggs, turkey
Private air-planes/jets
Indian incense
Tinned fish in sauce(Geisha)/sardines
Cold rolled steel sheets
Galvanized steel sheets
Roofing sheets
Head pans
Metal boxes and containers
Steel drums
Steel pipes
Wire rods(deformed and not deformed)
Iron rods and reinforcing bard
Wire mesh
Steel nails
Security and razor wine
Wood particle boards and panels
Wood Fibre Boards and Panels
Plywood boards and panels
Wooden doors
Glass and Glassware
Kitchen utensils
Tiles-vitrified and ceramic
Woven fabrics
Plastic and rubber products, polypropylene granules, cellophane wrappers
Soap and cosmetics
Tomatoes/tomato pastes
Eurobond/foreign currency bond/ share purchases

In our view, we understand Share Purchases (item 40 in the list) to be referring to Nigerians who access the foreign exchange market to invest in foreign securities and not foreign investors who inflow funds into Nigeria for the purposes of investment.

The CBN stated this was in a bid to sustain the stability of the foreign exchange market and ensure the efficient utilization of foreign exchange whilst encouraging local production of these items. The CBN also stated clearly that importation of these items are not banned, however importers of these items shall do so using their own funds without recourse to the Nigerian Foreign Exchange Markets.

The implication of this is that there will be reduced demand on the official market which means reduced pressure on the official FX market. However, there will be increased pressure on the parallel Market (Bureau de Change). The gap between the parallel and the official market will widen and the rate for dollars in the parallel market will increase. This will also lead to an increase in the cost of these items locally for consumers and ultimately inflation.

The Central Bank of Nigeria’s excluded some foreign products and services from the list of item qualified to get Foreign currencies at the Nigerian Foreign Exchange markets.

The effect of this directive is that businesses craving to import any of the delisted items would no longer be able to access foreign currencies from the Nigerian Foreign Exchange market in order to pay for the imported consignments.

Personal Finance Strategies – 5 Ways to Better Finances Today

Here are 5 Important, yet Simple Principles that have served me well throughout the years and I seek will do likewise after you.

1. Get your Credit Report Once every Year

In case you’re fortunate, you’ll be cautioned promptly if there’s any suspicious movement on your records, however that is not generally the situation.

There are a lot of occasions where you might be the casualty of data fraud or misrepresentation and never at any point know it. However, there is an answer.

One of the best things you can do to shield against this is to arrange your credit reports.

You’re qualified for get a free credit report each year from each of the three principle credit reporting organizations, Equifax, Experian and Transunion, and you’d be shrewd to do as such.

They every give you a review of the greater part of your credit accounts, the status of each and highlight anything negative that might influence your credit. is the main approved source by the FTC for acquiring your reports.

2. Keep up a Budget

Spending plans get negative criticism, and which is all well and good. They’re unbelievably difficult to stay with, and what works can contrast incredibly from individual to individual.

In any case, the advantages of keeping up a financial plan – even a free and permissive one – are numerous. You’ll have a vastly improved comprehension of the amount of cash is coming in, where your cash is going and the amount you have left over (assuming any).

Regardless of the possibility that you can’t inspire yourself to stay with a financial plan perpetually, in any event give it a shot for a month or two and track each dollar you spend. You’ll most likely discover some really intriguing data about how you spend your cash.

3. Pony up all required funds

This one may appear to be unimaginable for a few, however in the event that you’re not overextending yourself and spending short of what you acquire, it shouldn’t be too difficult to do.

Paying your bills on time implies you don’t need to pay interest, which can include rapidly consistently.

4. Use Cash

Think you can’t fork over the required funds each month? At that point you could take a stab at utilizing money for all that you purchase.

This little trap – and it is an incredible personality trap – is so viable at controling spending, you might be cheerfully shocked at how significantly less you purchase since you’ll likely be less ready to pay for things when you need to fork over real cash.

5. Put something aside for Retirement and Emergencies

Is it true that you are putting something aside for retirement? What about crises?

On the off chance that you haven’t been socking ceaselessly any cash for investment funds of any sort, begin with your secret stash first. It’s suggested that you spare anywhere in the range of 3-9 months’ costs so that if, for instance, you lose your employment, you’ll have a budgetary pad.

When you have enough in your rainy day account, proceed onward to putting something aside for your retirement.

It’s crucial to the point that you begin putting something aside for these vital things and that you begin sparing yesterday. The accumulating funds you’ll acquire decreases incredibly consistently that you hold up to spare, so you get all the more value for your money the sooner you begin.

Shutting Thoughts

I know everybody’s circumstance is distinctive, and a portion of the things that have functioned admirably for me may not function admirably for you. Furthermore, truly the best counsel is to utilize what works for you and overlook what doesn’t.

The street to better funds isn’t a fast or very much cleared one, however with a little exertion and consideration, you’ll be en route quickly.

Kim Olson is a travel picture taker + blogger who puts stock in the significance of budgetary proficiency for individuals of any age, and that individual account abilities are fundamental for everybody.