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Passion Converted to Success

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“An Important Question to Answer to Yourself”

A fundamental question we should all ask ourselves is; ‘What Am I Really Passionate About?’

If you are not happy doing what you are doing now, and you are not building anything of value for yourself while you’re continuing to do it, then serious consideration should be given to making a change.

As I have said in previous writings, everyone has a right to be happy. That usually means finding something you are passionate about, and making money doing it.

However, the question of passion is a tricky one. Many people make significant mistakes by getting into a business that has to do with their personal interests. They are passionate about the subject matter, and feel that they can make money by throwing themselves into a related business venture. They may enjoy doing it for a while because of that personal interest, but if there is no solid business case for that decision, they often fail, or end up spending time at their ‘hobby’ and never finding anything close to real success.

The result is not only a failed or very marginal business, but usually a loss of passion for the thing that was a personal interest in the first place, so it’s a double loss.

“The question of passion is a tricky one”

People that can cook go into restaurants, people that like sports go into sports-related businesses, people that dress well go into fashion retail – and they all fail to reach the success they deserve because they followed their heart instead of their head. The reality is that if you are successful in business, you build the resources and freedom to enjoy your passions, not the other way around unless you are terrifically lucky.

I doubt that the guy that owns the lug nut factory is really passionate about lug nuts but he saw an opportunity to build what he wanted to build. Now he enjoys his personal interests and passions to the greatest extent.

In the same vein, I doubt that the guy that realized that sheep manure was a good fertilizer was really passionate about sheep manure.

In my personal case, I really don’t have a passion for debits and credits but the knowledge I gained by becoming a Chartered Accountant created a significant opportunity for me to build my own business. It also created resources to pursue whatever I want.

“I doubt that the guy that owns the lug nut factory is really passionate about lug nuts”

Frankly, I don’t have a deep passion for the actual subject matters of telecommunications, or merchant services, or energy either. We have many subject-matter experts in the company that handle those subject areas with a great deal of skill. However, I do have a passion for the opportunities they present to me by allowing me to build a business around them to create wealth and freedom.

Many people will seek a ‘dream’ position or ‘dream’ business and never make any changes at all. They continue to wallow in their current situation, and never really achieve the happiness they deserve because that ‘dream’ opportunity never presents itself.

That makes me think about what I am passionate about, and I am proud to include the following items as my drivers:

1) Creating a great business for myself and my family in order to make the money I want, and to build an asset that will be very valuable in the future. The significant niche need of the business market place allows for that.

2) Operating a professional business, and the respect that comes with that profession in my community and beyond.

3) Being able to help other businesses increase their profits, and knowing that I was able to advise them to be more successful is tremendously fulfilling. The fact that the subject matter happens to be telecom, merchant services, and energy isn’t really that relevant to that equation – that’s just the way I help them reduce costs so they can increase their success.

4) Dealing in a business-to-business marketplace where there is a significant need for what I can do for other businesses.

5) Creating the freedom and flexibility – and control, to do the things I want to do. Of course, it is hard work but I have never shrunk away from that, and yet I never have to miss any event or function with family or friends if I don’t want to do so.

These are just words to provide a little food for thought when you get to the point where you choose your own path. Many people stay in positions they don’t enjoy, and that have no real opportunity to build happiness because they just can’t pull the trigger on change. They are also affected by the multitude of naysayers that surround us all, which is actually the subject of another article I wrote some time ago.

My counsel is to not get caught in that trap. So whatever you do decide is right for you to achieve the things you want from life – just go for it, and with gusto.

I did that years and years ago, and I’ve never regretted it for one minute. It doesn’t mean there aren’t ups and downs but I really do look forward to each and every day in my business. It’s all because of those items I listed above that fulfill me, and are driven by my true passion.

“Everyone has a right to be happy”

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Small Business Management and Entrepreneurship

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Owning a successful business is no longer reserved for a lucky few. It is because there are some rules followed by those successful business people in making the business people to climb the richness ladder with assurance and comfort ability although any business is about risking and that the higher the risk the higher the reward or profit.

When you want to startup a business you first must have an idea, example of business ideas are like opening up a hairdresser, opens a salon, a shop and much. Generally, people do make huge mistake. Just because they are thinking about the job and not the business. Only because you are a good chef does not mean you know how to run a restaurant. More important, it does not mean a restaurant would be successful in your market. So you have to clearly assess and evaluate your business idea before implementing it.

Business wise you have to make sure that what you are going to produce Is it a product or service they have fallen in love with. Again, just because you love something does not mean a profitable business will come of it. This is especially true for first-time entrepreneurs. Learning how to run a business is hard enough; you don’t need to make it any harder by doing something you love rather than something customers love paying you a good profit for or producing what you want instead of what they want.

There are some guidelines on how you are sure that your intriguing idea is also something from which you can truly make a profit? There are three essential considerations one has to bear in mind.

Make sure the product or service has a repeat buy. This is by far the most important aspect of long-term business success. You have to have a product or service that people will keep buying. It is better and more profitable, in my opinion, to have a pool cleaning company than a pool building company. Put another way, a business owner should focus on getting a customer once, but making a profit from that person for a very long time.
Be certain you have a high profit margin.

There are very few companies that can compete long term on a “we are cheaper” marketing platform. In any new business, you need to watch your cash flow–and if you are trying to work with low profit margins and make gains in volume, you will need to have a high level of working capital to keep you running through the lean profits early on. Having a higher margin is extremely important when you are growing a business so you can self-finance your growth.

Build a strong support team because a good idea is not enough. The idea counts most, yet a quality idea must still have a great team of people behind it to give it wings. Time after time, when people bring me a business investment proposal or an idea they want to take to market, I ask them who is on their team and they respond with something crazy like, “Oh, we have not hired anyone yet.” Get a board of advisers. Get a team of professional accountants, coaches, lawyers and bankers. A great team will greatly improve the chances for success of any business.

Now if I were going into business today, to be sure of the market what would I choose? I would start with one premise and some hot industries. Here the premise is, you do not make money panning for gold, and you make money selling pans. Get in the way of a buying frenzy, and you will be a success. Therefore the fastest way to make a restaurant profitable is not by having a great chef and great decor or big buildings it is by attracting a starving crowd with money so that they can eat the food in exchange for their money.

In other words look for an idea you can take national or, even better, global at some stage. Although it might be fun and a challenge to establish yourself locally right now, but eventually you’ll want to build something much bigger for the future and also expand you business.

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Finance

Organic Swing Tags Offer Amazing Benefits for Your Business

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Organic swing tags can be used to promote and enhance your items at competitive rates. These tags come in various sizes, styles, designs, shapes, and colors. You can print one side of the tags or both according to your needs and budget. Make sure you are using quality machines for printing. Let’s know more about the benefits of organic swing tags for your business.

Uses Of Organic Swing Tags

You can use these tags to promote products like clothing, luggage, and jewelry effortlessly and cost-effectively. Moreover, it is a sophisticated and chic tool that makes the items even more stylish and branded. You can get the organic type because they are available in different finishes, and stocks, to make exceptional branding and unique items.

Go for the Embossed type

This type can be recycled with time. Mostly, eco-friendly materials can be used to make them. They can be used in the clothing center to label different items. You can print the price, size, and name of clothes on your embossed swing tags to deliver information. This will help your customers to get an idea about your garment.

The Demand For Foiled Swing Tags Is High

In the market, a vast range of organic types is available to serve different purposes. Just like organic and embossed types, the demand to use the foiled tags is high. These are easy to print and design.

Consult a Professional

If you do not know what size and style you need to use, do not worry. You should consult with the experts because they have the knowledge and expertise to make these products. Besides, they always use quality material to make your orders.

See The Template

Before placing your order, you need to check the vast variety of these products on the internet. You should also check the customer reviews. In this way, you will get an idea of which ones are best for your business.

While looking for branded tags, do not forget to ask about the prices. At this time, we suggest that you buy in bulk. It’s hard for designers to make only one piece for you.

They make a bundle of organic swing tags in one second with the best tag-making machines. So, tell them the number you need. You can show the template of what you like and want for your need. In this way, the expert worker will incorporate their own expertise to make attractive and eye-catching products.

Importance Of Foiled Swing Tags

Foiled swing tags on a product assure the buyer that they are purchasing a high-quality item. They can convince the consumer that they have chosen the proper size. They can demonstrate quality by exhibiting accolades, approving seals, or confirming the product’s legitimacy.

Boost Your Revenue

Because a swing tag is often the same size as a business card, it may convince clients with a short promotional message to enhance sales. They can promote a special offer so that buyers place a bulk order. It may also promote limited-edition items, encouraging buyers to purchase them while supplies last.

So, this was an introduction to organic swing tags and the benefits that they offer for your business.

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Finance

The Consequences of Stealing – Theft and the Law

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Theft can include armed robbery, burglary, theft by check, forgery, unauthorized use of a vehicle, fraud, false statement to a credit agency, shoplifting and the list goes on. The consequences for stealing range from a Class C misdemeanor to felony charges, usually depending on the monetary value of what was taken. If the value of the stolen item is under $1,500 then the perpetrator will most likely be convicted of a misdemeanor. This can result in a simple fine and/or community service, but could also involve jail time, depending on the circumstances. If the item stolen was of great value, the accused will most likely be charged with a felony and will have to serve prison time. At the time of a hearing the court will be notified if there is more than one offense on the suspect’s record and this will also affect the sentencing. People who steal generally do not do it just one time.

It is important to note that in some states, stealing of any kind is considered a “crime of moral turpitude”. This means the act of stealing is not a favorable action in community standards of justice, honesty or good morals. Even if you are charged with a misdemeanor, you will have a permanent criminal record that will follow you for the rest of your life. This can have negative effects on the wrongdoer’s character personally, legally and with future employment opportunities.

One of the most common forms of stealing is shoplifting. Shoplifting is the deliberate act of taking an unpaid item from a place of business and it happens more than we are aware. A person can be convicted of shoplifting even if they don’t walk out of the store, but are found with hidden merchandise in their possession. In some states, there is even a “law of Parties” meaning that if you are with a friend who is caught stealing in a retail establishment, you can also be prosecuted even though you didn’t intend on stealing. An average of $10 billion dollars’ worth of goods is stolen from retail businesses each year. The numbers and statistics are staggering. We all pay the price for people who commit these acts by having to pay more for products when companies pad prices to recuperate losses from shoplifters. The law does not look kindly on people who shoplift.

Bottom line, stealing is never a good idea and can land you in a world of trouble. It will affect the offender in many negative ways for the rest of their lives. Stealing also affects everyone in the community, in one way or another, which is why the laws are harsh. Thieves may think that they can get away with stealing, but eventually they will get caught and will be forced to face severe consequences.

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Finance

The Multiple Uses Of A Backup Email

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A backup email has so many uses that it really is essential for anyone that has an email to have a backup. A backup email is basically known as a secondary email that is most likely linked to your primary email.

The first use of such a thing is for the password recovery system of your primary email. Most of the time your primary email will contain all the important messages from your contacts such as a memo from the boss, a greeting from your family and so much more; your primary email is also where your contacts will be stored.

With such important data you will of course protect it with a password that only you would know. But what if you accidentally forgot your password, what can you do? Well you can use a basic feature that virtually all email providers have: the secret question feature.

This feature is where you are asked a series of questions, mostly around 2, that you have previously chosen and that only you know the answer to. The problem with this is that most of the time if the email you’re using has been around for a few years there is a big chance that you might have forgotten what the answer is; this is where a backup email comes into play.

You can choose to have your password be sent to your backup email. This provides you with fewer problems because you only have to check your backup email as opposed to having to try and remember what the answers to your secret questions were.

Other uses of a backup email would be either as a spam receiver or as storage for important messages. If you’re into the habit of subscribing to a lot of newsletters you will most likely receive a lot of spam mail and no matter how you filter those emails there will still be some that will be able to make it to your inbox.

What you could do is you could use your secondary email as the email that you enter when you subscribe to anything, that way all the spam mail will go to that email and you could just check it when you have the time to.

If you don’t see your backup as a spam receiver then you could use it as a password recovery email and as a backup storage for important messages, contacts and files. Ideally, everything that is digitized is supposed to have a backup so that when the primary data is lost there is still something that can bring it back.

What you could do is you could forward all important emails, save all contacts as well as store files in your secondary email so that you have a backup just in case you delete those things in your primary email.

A backup email has a lot of uses to the point that having one is turning out to be a necessity; just remember to try and have your backup with a different provider so that you don’t get troubled by ID security measures.

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Finance

3 Benefits of Web Analytics

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Web analytics is the process of measuring site statistics and analyzing traffic behavior. Here are there of the main benefits of web analytics.

It is typical for any business to do some data analysis. Data analysis is used to determine sales, profit, loss rate, and market interest. However, in terms of establishing a strong e-presence for your website, there is one tool that you could used in order to collect necessary data that you would need to promote your site.

Web analytics has been gaining steady popularity among websites, blogs and portals. It is used to analyze market trends and to identify website users or visitors. It is also used to determine the behavior of website users. It is a great tool to determine your latest website trends and your visitors’ or users’ preferences in terms of site features. Here are the benefits of web analytics.

Number 1: It helps monitor your visitors and users

With web analytics, you would know how long your visitor stayed in your website, who they are and where they came from. You will be able to know their clickstreams, the keywords they used, and how they came to be in your website (referrer pages, search engines, etc). You would be able to determine how many times a user or a visitor returned to your website and which pages were given preference.

In fact, a web analytics tool would tell you your website usage down to the last specifics. It would tell you about your visitor’s nationality and language. It can even pinpoint the city of origin. Of course, it will tell you the IP addresses and the host used for access. Further analysis would reveal if your visitors were there to actually check out your site or if they were mere strays. Most certainly, you will know how many visitors you get daily.

Number 2: It can help you optimize your website

Once you have carefully studied the actions of your visitors or web users, you would be able to act accordingly in order to optimize your website. You would also have an idea about the things that need changing and the aspects of your website that may appeal more to your market. You would know which pages are most viewed and which are basically ignored. You would be able to adjust certain aspects of your website that need improvement or adjustments. You could then fix any technical problems; or you could also improve, streamline or reshape site navigation to better assist your site users or visitors.

Number 3: It can help you formulate a sales and e-marketing plan

Web analytics will be able to assist you in preparing for an e-marketing plan and course of action. This will be more effective because your plan would be based on actual facts and not mere probabilities. You would be able to really know what your market wants. By tracking the items which were highly viewed, you would learn which products received the highest response. You would also be able to enhance other programs that you have already employed like pay-per-click or PPC advertising. You would be able to get more clients, as well as monitor and keep your clients interested.

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Finance

Business Technology in Small Business

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Business technology in small businesses can mean a lot of different things and can be interpreted in many different ways. But it will always come down to the same thing – the technology implemented and used by a business must provide the maximum amount of efficiency for the minimum amount of cost and maintenance.

Technology in business must be well planned and implemented in a sensible manner and a plan for technology management must be developed and adhered to. This may mean moving more of your business systems onto the internet to increase the mobility of your business, or identifying and investing in new systems which will do the same job but in a more efficient manner.

How Can the Internet Help My Business?

If you are looking to save money for your business, the internet is an excellent place to start. If your business includes a small call centre to provide customer service, you could save a lot of money in the long run by investing in changing the phone system to an IP telephony system. This would mean that rather than incurring massive phone bills using normal phones, all calls would be routed over the internet and customers would be able to call in using a normal local telephone number.

It is much cheaper to call someone through the internet than through a standard phone line and the savings you would make here would more than cover the cost of implementing such a system.

You would need to ensure that your business’ internet connection is powerful enough to manage this of course. If there is not enough bandwidth to accommodate all of the calls being made, the sound quality can suffer. As long as both parties can hear what the other is saying, this does not have to be too much of an issue – making allowances for this would need to be part of your business’ strategy for technology management.

What about My People in the Field?

If you have a large team of sales reps in the field, the savings which you could enjoy through the implementation of internet based telephony can be carried on to this side of your business as well. Nowadays, there are many mobile phones available which are capable of making calls over the internet using the 3G network. This would mean a possible upgrade of your corporate mobile phone contract and possibly some retraining for your staff – but ultimately it would save you money on phone bills.

How do I Know that My Company is Now More Efficient?

Technology in business also encompasses the assessment and monitoring of work performed by the employees. With modern networking and targeted technology management, it would be possible to not only make your company run more efficiently for less money; but also allowing you to keep an eye on exactly what is going on in real-time.

There are many products available which will allow you to monitor your employees’ statistics – be it the amount of time they are spending on each call or the amount of time they take to finishing each file before they are able to move onto the next one. Through this, you would be able to address any possible issues which may arise and discuss them with the employee.

Business technology should broaden the horizons. You should be able to do more for spending less. Something as simple as making phone calls cheaper or something as involved as identifying areas of concern in an employees performance and having more information which can be used to develop strategies for the employee to avoid this.

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