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BIZNESS! Newsletter Issue 108

BIZNESS! Newsletter

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Cover Story
Mac Farm

Old MacDonald isn’t the only one who has a farm. For one day only, so does McDonald’s. The world’s largest fast-food company today is partnering in an unusual 24-hour tie-in with the year-old, wildly popular FarmVille social-media game…

Continued in BIZNESS! Newsletter Issue 108 >>>


Top Stories From CoolBusinessIdeas.com

– Being Opportune About the Shake-up
– KFC Go Recyclable
– Billiard Dining Table
– Stainless Steel Wallet
– Cardboard Trolley
– Flavour-changing Cookie
– Cool Drinks with Simple Science

Continue reading these top stories in the BIZNESS! Newsletter >>>



Top Stories From GetEntrepreneurial.com

– Goals are Dreams with Deadlines: How Goal Clarity Will Get You Where You Want
– Women In Partnerships – The Importance of Due Diligence
– Expand Your Precious Time with Sales Meeting
– Discounting Your Services to Make a Sale? 3 Reasons Why You Shouldn’t
– Hiring Help: Two Entrepreneurs Find the Right Assistant
– Making the New Business Pitch: How to Get More Clients By Avoiding 3 Deadly Presentation Mistakes
– The Secret Behind Successful Branding (and No, Its Not About a Logo)

Continue reading these top stories in the BIZNESS! Newsletter >>>


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Subscribe Now

Can’t stand your demanding boss anymore? Start your own business! Before that, be sure to subscribe to our free informative newsletter. BIZNESS! is jointly published by CoolBusinessIdeas.com and GetEntrepreneurial.com What you get in BIZNESS! – the latest new business ideas, small business advice, business tips and info and entrepreneur resources. Everything you need for your brand new business!

Free 28-pages PDF report (worth $38) – “Cool Business Ideas in 2009” – included with your subscription. Learn more here.

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Categories
Newsletter

BIZNESS! Newsletter Issue 107

BIZNESS! Newsletter

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Cover Story
Fatepod For Chance Encounters
Fatepod allows users to upload an ‘encounter’ or search listed ‘encounters’ – something along the lines of “Were you the guy with the red tie that cast me a look outside Starbucks?” Founder Louise explains that if the other person then logs on to the site and sees the post, the two individuals can start to exchange messages…

Continued in BIZNESS! Newsletter Issue 107 >>>


Top Stories From CoolBusinessIdeas.com

– Social Biking
– Follow Up Reminder
– Check In Shop and Win Points
– Drive In Comfort
– Cardboard Trolley
– Best Barwares Device Since The Ice Cube
– Open the Shopping Box

Continue reading these top stories in the BIZNESS! Newsletter >>>



Top Stories From GetEntrepreneurial.com

– Driven to Distraction: How Lastest Trends will Hurt You
– 3 Lessons On the Reciprocity Of Referrals
– Intellectual Capital and Your Sales Career
– Getting the Back 9 to Count In Increasing Your Sales: It’s all About Process
– Sharpen Your Greatest Sales Tool: Bring More to Your Sales Meetings
– Organisational Leadership Mistakes: The Number 1 Way Business Leaders Unknowingly Sabotage Trust
– Thinking On Your Feet

Continue reading these top stories in the BIZNESS! Newsletter >>>


divider.gif
Subscribe Now

Can’t stand your demanding boss anymore? Start your own business! Before that, be sure to subscribe to our free informative newsletter. BIZNESS! is jointly published by CoolBusinessIdeas.com and GetEntrepreneurial.com What you get in BIZNESS! – the latest new business ideas, small business advice, business tips and info and entrepreneur resources. Everything you need for your brand new business!

Free 28-pages PDF report (worth $38) – “Cool Business Ideas in 2009” – included with your subscription. Learn more here.

Subscribe

Categories
Communication Skills

Thinking on Your Feet

Article Contributed by The Balanced WorkLife Company

You’re in the weekly department meeting when Donna, VP of Finance asks you a question about the effectiveness of the marketing event that has come in over budget, and she wants an immediate answer. You’ve got an answer, that’s not the problem; often the problem is how to articulate the answer logically, without rambling; to ensure you look in complete control.

Use PREPO to organize your thoughts quickly and concisely.

POINT. First, make your point. This is your major statement and should cover only one idea.

“Actually Donna, I believe the event was extremely well received and well worth the cost.”

REASON. Next, give your reason for making the point. By answering the question, “Why do you say that?” you can expand on your first statement.

“I say that because I heard a number of both prospects and customers comment on how it was both entertaining and informative and it gave them a new perspective of our company.”

EVIDENCE. Third, offer supporting information. You might include data, demographics and examples that reinforce your point. Evidence should be specific—it’s where the proof lies.

“For example, John Stanton, CEO of ABC Furniture, said _______. In addition, the preliminary results from the post-event survey are indicating that we’ve generated at least 20 very promising leads which we’ve turned over to sales who are following them up as we speak.”

POINT. Now make your point again. Good evidence will lead you directly back to your main point. Use the same words, or better yet, rephrase your point but don’t change your content or attitude.

“So, I believe that when the dust settles, the investment we made in this event will have an extremely good ROI and we will want to consider running it again.”

OUTCOME. This is a quick, action oriented wrap-up. Use it to state an action you’ll take, something for your audience to do or simply to balance and close your argument.

“If you can get me the final costs associated with the event, I will have an ROI report for you in terms of the leads closed by the end of the quarter.”

This technique, if practiced, is an excellent way to handle questions from an audience or meeting participants. It is also extremely useful when presenting a new or potentially controversial idea to any group.

About the Author

The Balanced WorkLife Company is dedicated to helping the best get better while they enjoy the journey. Our programs give you access to tools and methodologies that allow you to break through the barriers and achieve your goals while also helping you enjoy a balance between and within your job, your career and your personal life. Whether you are a seasoned professional or just starting your career, the Balanced WorkLife Company can help you achieve your ultimate potential. To learn more, visit www.balancedworklife.com and download our free report “The 16 Most Common Networking Mistakes to Avoid,” which is jam-packed with information to help you develop and build long-lasting business and social relationships.

Categories
Entrepreneurship

Organizational Leadership Mistakes – The #1 Way Business Leaders Unknowingly Sabotage Trust

Article Contributed by Skip Weisman

Trust is the fuel that propels teams and organizations to high-levels of success. Yet, organizational leaders today unknowingly do almost everything in their power to sabotage trust.

The primary way in which trust in organizations is sabotaged is by a leader’s communication style. One particularly egregious style of leader communication, which significantly undermines trust, is called “indirect communication.”

We have all fallen victim to indirect communication at one point in our professional or personal lives. For example, have you experienced…

  • A team member going first to a boss to inform them of a mistake a co-worker or manager made on the job
  • A manager calling a mandatory team meeting to review policies and procedures because one individual has acted inappropriately.

Let’s give a closer look to these mistakes…

Trust Building Mistake #1: Are You Allowing Teammates to Throw Each Other “Under the Bus?”

The phrase “thrown under the bus” is quite common in corporate America. It occurs when co- workers directly try to undermine the credibility and reputation of a teammate by talking behind their back with peers, or going to a superior to discuss poor behaviors of someone.

This form of indirect communication can be devastating to an organization’s culture because it ruins trust between team members and killing employee morale.

But, it can get worse.

It gets worse when organizational leaders call the offending person on their behavior using this second-hand, hearsay evidence. This accelerates the destruction of trust in your organization. Organizational leaders have to stop taking the bait dangled by the employees trying to make themselves look good at the expense of their teammates.

When a leader goes directly to the accused individual, without directly observing or experiencing the behavior first hand, organizational culture and morale deteriorate.

The proper approach would be for the leader to tell the bearer of this information that they need to address the issue directly with the perpetrator. Pushing the issue back down in this manner is what must happen with this type of indirect communication.

This is the only healthy way for teams and organizations to function. It builds high-levels of trust and commitment throughout. This will also help prevent a leader’s need for fire-fighting and crisis management

Trust Building Mistake #2: Are You Holding Generic Policy Review Team Meetings

When one individual violates a company policy or procedure, a weak organizational leader will decide its time to call everyone together for a meeting to review the issue. Now, you may think this is a great approach so all team members are clear on the expected behavior – but it’s not. Let me explain…

There are three reasons why this is a very poor approach to leadership communication:

  • As everyone knows why the meeting is called and who the perpetrators are, it causes resentment among those team members not guilty of the infraction. This sabotages trust at all levels of the team.
  • It diminishes the respect of the leader, who is choosing not to address the issue directly with the individual
  • It doesn’t solve the problem because the perpetrator doesn’t change their behavior since it always seems they never “get it.”

Organizational leaders must take it upon themselves to address these issues promptly and directly with the individual perpetrator. By doing so they point out to the individual the specific behavior they witnessed, outline why and how it is a problem, and ask directly for a change in behavior to which they can then hold the individual accountable.

It is the only healthy way for leaders to lead their teams to build a high-trust work environment with a team committed to achieving great things together.

Non-direct communication in an organization’s culture is just one of “The 7 Deadly Sins of Organizational Leadership Communication.” If you or other leaders in your organization are struggling to get greater results from your personnel at any level, the problem can be just one of two things. It’s either the habits of communication that are tolerated throughout organization,
or how performance is managed.

About the Author

Skip Weisman works with organizational leaders to improve personnel, productivity and profits by helping them “Create a Champion Organization,” now you can get his latest white paper “The 7 Deadly Sins of Organizational Leadership Communication” at www.HowToImproveOrganizationalCommunication.com. This will help your organization communicate effectively and take action with commitment towards a shared compelling vision.

Categories
Networking

Attending Events: A Crucial Element in Growing a Small Business

Article contributed by Michele DeKinder-Smith

Women business owners are constantly bombarded with opportunities to attend events. Whether the events focus on networking, business building or creating a desirable work-life balance, these events are constantly touted as life-changing, knowledge-building and business-growing. Female entrepreneurs may wonder why there are so many events out
there – and whether they’re effective.

Savvy business owners, coaches, consultants and educators create events to help others find success – and by choosing to attend an event that fits her specific needs and desires, and by then putting her new knowledge to use once she returns home, an entrepreneur greatly increases the likelihood of getting a good return on her investment.

Here are some points to consider when deciding whether to attend an event – and if so, which one:

Knowledge is Profit

Research shows that when a female entrepreneur invests in her business by investing in her own knowledge, she sees a huge payoff. New knowledge can be the key that jumpstarts profitability in any business because it increases an entrepreneur’s effectiveness in the area of focus. If it’s knowledge an entrepreneur is after, then she should select an event based on how well it will cover the areas where she feels she needs more information, such as marketing or business plan development. Because live events often do require a substantial investment, a business owner should
read through the material carefully to ensure that she will learn exactly what she needs to know during the event.

Recharging is Vital

Every hard-working female entrepreneur runs the risk of falling into the day-to-day rut of running a business – especially when things are going less smoothly than she would like. In cases like this, attending an event can revitalize a business owner. Simply getting into a new environment, being around new people – and getting away from the confines of her office – may provide her with a much-needed break from the daily grind. When she attends an event designed to meet her needs, the business owner then has the opportunity to gain new knowledge while recharging. No one operates well when they’re exhausted and drained. To operate at the high levels of performance most female entrepreneurs demand of themselves, they must take time out to refuel – and sometimes that’s as easy as getting a change of scenery among a group of like-minded professionals.

Networking is Crucial

Sharing experiences with other women in her shoes can greatly improve a woman business owner’s experience, outlook and attitude, as she works to grow her business. Attending an event with other women of similar mindset can provide a stimulating environment in which to share ideas, success stories and even hardships. Also, it can provide an opportunity for women to find partnership or affiliate opportunities that can stimulate growth. Finally, every woman business owner needs a support system; attending events is an excellent way to build such systems.

For female entrepreneurs, knowledge, recharging and networking are vital components then seeking business growth and personal improvement. Attending an event – one that is designed to meet her specific needs in a certain area – is a fun, easy and educational way to get all three!

About the Author
Michele DeKinder-Smith is the founder of Jane out of the Box, an online resource dedicated to the women entrepreneur community. Discover more incredibly useful information for running a small business by taking the FREE Jane Types Assessment at Jane out of the Box. Offering networking and marketing opportunities, key resources and mentorship from successful women in business, Jane Out of the Box is online at www.janeoutofthebox.com