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Will You Add? - The Seven C's: Partnership Danger Signs - The 6th C: Changing Vision
We have all heard that are somewhere between 12 and 24 million illegal aliens in our nation now. We have hears that 34% of those in Federal Prisons are illegal aliens and that in Arizona has over 38% illegal immigrants in their prisons. We have heard that there have been some 80 hospitals close in California due to all the illegal aliens showing up at their emergency rooms. But have you ever asked yourself who is hiring all these folks?Well let me tell you that a couple of weeks ago I was in a medium sized city where quite a bit of construction was going on and it was 1 am in the morning and a company was putting up a tilt up industrial building, so it was so noise I walked over to have a look, apparently they were working nights due to the heat in the day or so
About 15 years later Justin decided it was time to take some major risks by adding additional services such as a food and household supply division and a pharmacy. Justin was interested in a much broader base of customers. This would not only change the focus of their clie
The naming of your business could be one of the most important decisions you will make. A name's originality and legal availability will create a real asset value of its own, as it becomes marketed and gains market acceptance.The name you choose will become the focal point of all the benefits and features that relate to your product or business. Customers will be able to find and refer others to it in the future. Established products or businesses realize the value of customer good will.A well chosen name will provide an extra marketing advantage, which may mean the difference between failure and success.The vital question is…is your company name truly available?While the name may be unique and distinctive to you, there is a po
The 6th C: Changing Vision
In order for a business to be a success the vision and mission must be reflected in all aspects of the structure, the culture and the strategy by which business is conducted. Contained in these are core values and principles set forth by the owners and leaders. If there are discrepancies between any of these, I can assure you there will be problems.
There are two parts to vision. One is the partners' vision for the business and the other is each partner's personal vision for their life.
The personal vision of each should be in sync with the vision of the business and enhance it. Obviously it is important to have clarity of both before entering the partnership and to revisit them periodically as they may change over time.
For example, Justin and Romero were partners in a chain of do-it -yourself stores for about 15 years. The vision the business fulfilled was to provide easy access to low cost supplies for homeowners in various locales who were involved in do-it-yourself home fix up projects. One-stop shopping at discounted prices.
They were quite successful and over the years added a significant number of stores to their chain. There was a 20 year age difference between the partners, and that seemed to have served them well. Justin was younger and more of a risk taker; Romero was more cautious. They respected each other's opinion and were able to create a balance in their decision making around the business. Investments of profits, adding new stores, dealing with suppliers, changing their inventory focus based on changing markets over the years were easy discussions for them.
About 15 years later Justin decided it was time to take some major risks by adding additional services such as a food and household supply division and a pharmacy. Justin was interested in a much broader base of customers. This would not only change the focus of their clien
Once you have several products or services that are selling quite well, your customer will begin to ask if you will permit others to use your product as the basis for training that they are doing. Or, if you are doing training or consulting, you may be asked if you'll train others to be a trainer using your system.This is the perfect opportunity for you to consider licensing your content or program. You've only got so many hours in the day, and if you have others delivering your content and/or requiring the purchase of your materials, your business will grow exponentially as a result.Here are some issues to think about as you consider licensing your content to others:1. What will you charge for a licensing fee? Will it be a one-time fee or some
There are two parts to vision. One is the partners' vision for the business and the other is each partner's personal vision for their life.
The personal vision of each should be in sync with the vision of the business and enhance it. Obviously it is important to have clarity of both before entering the partnership and to revisit them periodically as they may change over time.
For example, Justin and Romero were partners in a chain of do-it -yourself stores for about 15 years. The vision the business fulfilled was to provide easy access to low cost supplies for homeowners in various locales who were involved in do-it-yourself home fix up projects. One-stop shopping at discounted prices.
They were quite successful and over the years added a significant number of stores to their chain. There was a 20 year age difference between the partners, and that seemed to have served them well. Justin was younger and more of a risk taker; Romero was more cautious. They respected each other's opinion and were able to create a balance in their decision making around the business. Investments of profits, adding new stores, dealing with suppliers, changing their inventory focus based on changing markets over the years were easy discussions for them.
About 15 years later Justin decided it was time to take some major risks by adding additional services such as a food and household supply division and a pharmacy. Justin was interested in a much broader base of customers. This would not only change the focus of their clie
Some people enjoy writing. Some, like me, are even driven to write. Others hate it. They hate words. They hate writing them down, and they hate typing them. Some people even hate reading them. Regardless, the written word is a necessary part of our daily lives, particularly in a world that has become less face-to-face and more virtual. We communicate not only through the Web but through our e-mail communications, instant messengers and online chat. As a result, the words and images we use must be carefully chosen to not only convey our meaning but our tone as well.Here are some tips to help you put your best foot forward in your online communications:• “Internet speak” (LOL, b4, np, ty, etc.) is fine for casual communications with friends, but it should n
For example, Justin and Romero were partners in a chain of do-it -yourself stores for about 15 years. The vision the business fulfilled was to provide easy access to low cost supplies for homeowners in various locales who were involved in do-it-yourself home fix up projects. One-stop shopping at discounted prices.
They were quite successful and over the years added a significant number of stores to their chain. There was a 20 year age difference between the partners, and that seemed to have served them well. Justin was younger and more of a risk taker; Romero was more cautious. They respected each other's opinion and were able to create a balance in their decision making around the business. Investments of profits, adding new stores, dealing with suppliers, changing their inventory focus based on changing markets over the years were easy discussions for them.
About 15 years later Justin decided it was time to take some major risks by adding additional services such as a food and household supply division and a pharmacy. Justin was interested in a much broader base of customers. This would not only change the focus of their clie
Building rapport is all about creating a relationship, in the moment. And this is vital in business, education, friendships and many other areas of life. We need relationships to help us get the things we want for ourselves in our lives, like money, promotions, success, partners and above all to feel part of society. You see we are social animals, us humans and if we find it challenging to make relationships, then we feel excluded. And that ain't comfortable. So, let's build rapport quickly and easily in the just eight easy steps! Pay Attention Now some will say that you must make continued eye contact, but, you know, some folks find that invasive and threatening. So match what they do, if they look at you, look at
About 15 years later Justin decided it was time to take some major risks by adding additional services such as a food and household supply division and a pharmacy. Justin was interested in a much broader base of customers. This would not only change the focus of their clie
Are you planning to communicate something to the masses? Is that you are willing to advertise something? What best way can it be than to go for large posters. Posters are meant to inform about something to the people or mobilize them to support any cause. In this regard, large posters can be very helpful. It is because large posters display the message much clearer than the small ones. Moreover, large posters have so much space for displaying the message. The main aim of using posters as a medium of reaching out to large number of people is that they should be motivated to respond to the message.A variety of posters are available in the market, from which you can select the one that you want to use. If you don’t get the large posters of your choice, then you can
About 15 years later Justin decided it was time to take some major risks by adding additional services such as a food and household supply division and a pharmacy. Justin was interested in a much broader base of customers. This would not only change the focus of their clientele, but also vendors, marketing strategy and ultimately taking risks previously avoided. At the same time, Justin was eagerly ready to move into this new level of business, Romero was thinking of retirement. He was becoming more cautious and did not want to forge ahead with new risks.
Obviously the changing perspective of the partners' personal goals created a dichotomy of opinion regarding the previous agreement of the purpose and vision for the business.
The resolution emerged through coaching sessions. The communication between the partners had always been open and respectful of each other. So in this situation the goal of finding a win/win resolution and a carefully crafted plan designed to end the partnership was not too difficult. A buy-out of Romero based on their original agreement with some new amendments took place and Justin found a new partner with whom he could implement his plan for the future.
In another example, Thomas and Fred were excited to be launching a new internet business. The vision for the business was to provide a unique means of networking geared to members of the fitness industry. It would enable people in that industry to find both employment and services supporting their industry. It also allowed new participants to feature their products. A particular mode of qualifying for the service would insure the trustworthiness of those benefiting from the service.
Thomas and Fred had been friends since high school and were very close. They got along well and had no doubt they were a good match as business partners. For the most part they were both in total agreeme
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