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Monthly Archives: September 2017

Business Partners

1. Trust

I put this first on the list for an important reason. Do you trust this person with your personal bank account?. If the answer is no, I would recommend that you think twice about getting into business with that person. As business partners, every dime you spend together affects your check book.

2. Friendship

If the person is your personal friend, make sure that their values, goals and responsibilities match yours. Do not assume that just because you are good friends, you share the same beliefs and values. I would recommend that you take a look into your friend’s personal life to see how stable it is. Personal problems are difficult to deal with and it can complicate someone’s professional life.

3. Money

Just like marriages, money is one of the biggest problems in a business relationship. To make sure that you and your business partner starts off on the right foot, I would recommend that you both agree on how much each of you will contribute to the funding of the company and how the profits will be distributed.

4. Responsibilities

All parties involved will have to agree up front on what their individual responsibilities are in the business. If a person keeps trying to do too much or ends up doing virtually nothing, the partnership will start to fall apart.

5. Varied strengths

Make sure that you and your partner share different strengths. If you have two people who are good at sales, who will contribute to the other aspects of the business?. You should bring someone who compliments your strengths in order to put some balance to the business.

Help Business Grow When on a Budget

  • Understand what your time is worth – and use it wisely. If you know an hour of your time can be billed for $100 and hour, and you just spent an hour on Facebook checking out what your friends have been up to – then that hour on Facebook just cost you $100. Was it worth it?
  • Have disciplined office hours – set an alarm, get up, get dressed and get to work. Have a start time and an end time, and do not do laundry, get groceries, vacuum etc. during work hours. If you wouldn’t do it at the office, don’t do it from your home office. Don’t multi-task – FOCUS!
  • Take an inventory of what you do really well and love to do, and what takes you too long and is outside of your skillset. If you spend too much time trying to figure it out, how much is it costing you versus the investment of having someone else do it for you. Virtual Assistants are great for that, have flexible hours, and because they don’t work just for you, they can work as much or as little as you need. In your first discussion with a VA, get the budget discussion out of the way, you may be surprised the suggestions and resources they can pull in to keep you on track.
  • It takes a team! Now, I don’t mean a team of support staff (although you’ll get to that point), but align yourself with individuals that compliment your business, that you can refer people to and they can return the favor!
  • Balance – succeeding doesn’t mean working 24/7, even if sometimes it feels that way! Balance work time with family time, office time with networking time. Let that balance change as your business does, and accept that it can change. What does balance have to do with budget? Absolutely nothing. But it is one of the most important skills a business owner needs to have, without balance you have burnout, burnout causes distraction, and lack of focus costs you.

Have A Happy Workplace

Happiness is having a strong foundation of well-being, from which happy feelings naturally rise up in us like smoke from a fire.

So when I talk about happiness at work, I’m not talking about people walking around the office with smiles on their faces all the time. Having happy feelings continuously is not realistic, and it is not the goal. If I am your business leader, my goal is for you to experience well-being, a solid sense of achievement and progress at work that happens in an environment of connection, safety and encouragement. I know that this kind of work environment allows people to experience well-being, and thus to feel happy as a result.

Happy people do great work. They get along with each other and stick around.

The biggest single thing I can do as a leader to create well-being for my people is to build a culture of respect in my company.

Respect has several aspects. It is a feeling of admiration for someone related to their abilities, qualities or achievements-“I really respect your honesty.” It is also about having proper regard for the feelings, wishes, rights and traditions of others-“I respect the differences in how we view and practice religion.”

We learn respect when we are young, by experiencing it when it is given to us by our parents and caregivers. They say, “When your door is closed, I will knock,” or, “I respect you for standing up to that bully.” When they tell you those things and behave that way you learn how to have boundaries, and you learn how to have healthy self-esteem.

We know what respect is because we receive it, and we can then turn around and give it to others. But, if we don’t receive respect when we’re young we won’t really know what it is or how to give it later on, and there will be a gap in our ability to treat people right.

At work, people who lack a sense of respect may be negative and unforgiving toward others. They may be aggressive or have difficulty honoring necessary boundaries, and they may not know how to compliment people or acknowledge them for what they do right. Here’s what you can do as their leader:

Contain them. Set limits and boundaries for them clearly but kindly. “Please don’t come into my office without knocking when the door is closed,” or, “It’s not right to talk to people like you just talked to Mitch. I need you to stop that.”

Teach them about respect. When you observe or receive reports of disrespectful behavior, tell the person involved that their behavior is unacceptable, and also tell them what specific behavior would have been acceptable in those circumstances. They may not have come from a background where they adequately learned respect, so it’s good to paint a picture for them in some way to demonstrate what it looks like in action.

Appreciate them. Look for the good in what they do-individually and in groups-and tell them about that. Start your meetings by verbally appreciating something good the person or group did. An important note, though; there needs to be no “but… ” at the end of appreciating them. Try not to use recognition to set up correction, because the correction will cancel out the recognition. “You did a good job with the Williams account, BUT you need to do your paperwork better.” Nope.

Don’t be afraid to praise people. It won’t give them swelled heads, they won’t slack off, and work won’t degenerate into a love fest where things don’t get done.

Respect your people, build their respect by giving them boundaries and telling them what they do right, and they will get along better and be happier at work.

Find a Tradesman Online

As referred above now days various online portals are working as online telephone directories providing contact details of the different tradesman working in your region. But, now the question arises that how you can located the service provider of your choice according to your requirement. This actually is done according to following steps, which are referred ahead:

In the beginning you will be required to post your requirement at the portal detailing about the type of service required by you whether you wish to extend the existing portion of your house, repair of heating or air conditioning system of your home, plumbing or repair of door etc. One thing while posting your requirement about the tradesman it would be better to explain every aspect of your requirement clearly whether you want to repair any of your equipment or its service or install the new appliance etc. whatever type of service you need it should be clearly mentioned in the form determined for posting your request. Doing this will also enable the portal to provide you the contact details of the tradesman that offer services which are required by you.

Once you have posted your job requirement the portal will provide you three quotations taken from the service providers offering the service required by you.

Doing the above exercise is helpful in determining the best service provider for your job depending upon the funds available with you. With this it also facilitates you in understanding the types of services offered by them and also to go through the feedback posted by their previous clients about their service.

After this the only thing left with you is to call the tradesman and ask him to visit your place and get you free from that unexpected situation.