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Suggest You - The Power Of Re-Defining Your Business: Breaking the Boundaries That Bind You
At the Online Think Tank we receive lots of inquiries from around the World and we discuss all sorts of awesome technologies. Recently one member stated that every good technology or concept needs a good spokesman and someone who can wow the crowds to start a trend. Like Apple, Inc. Steven Jobs.Yes I do believe the speaker,
So how does all this relate to your business? Alot!!!!
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Just like we only use about 10% of our brain power,
business owners only use 10% of their business power.
Emotion in negotiation is a very common thing. Yet, many negotiation authorities suggest that being emotional is a sign of a weakness or is the behavior of an unsophisticated negotiator; some say that emotions must be repressed. While it is possible to manage your emotions, it can be nearly impossible to hide from them. In fact, do
Too many businesses define themselves narrowly by what they do (e.g., consultant, restaurant, dentist) rather than by what they know (core competencies) and by what they “own” (strategic assets).
For example, Disney does NOT define their business as “theme parks” (as most people might think), but rather as “three dimensional entertainment.”
Do you see the major difference between these two business definitions!!? The first is highly restrictive, while the second is expansive and opens many new doors in terms of profit-generating opportunities.
That is why Disney’s success is everywhere!! Theme cruise ships, Broadway shows, mini-parks, retail stores and a host of other business ventures.
Let’s look at another example ... one you know very well. MacDonalds.
What business do you think they are in? Big Macs? Nope.
The hamburger business?? Not even close. (They would never survive if they defined themselves as a hamburger business!!! Ugh!!)
Give up?? MacDonalds is in the business of ---- real estate ---- (they are experts in picking the best locations) and ---- operational systems ---- (experts at highly perfected franchise systems).
So how does all this relate to your business? Alot!!!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Just like we only use about 10% of our brain power,
business owners only use 10% of their business power.
Now that you have cleared the written CAT and have received interview calls, most of you may be wondering what is the smartest way of CAT GD/PI preparation. Always remember that at this stage the competition is tougher as the chaff has been separated from the wheat, so you can't afford to be lax.Here are 3 tips t
For example, Disney does NOT define their business as “theme parks” (as most people might think), but rather as “three dimensional entertainment.”
Do you see the major difference between these two business definitions!!? The first is highly restrictive, while the second is expansive and opens many new doors in terms of profit-generating opportunities.
That is why Disney’s success is everywhere!! Theme cruise ships, Broadway shows, mini-parks, retail stores and a host of other business ventures.
Let’s look at another example ... one you know very well. MacDonalds.
What business do you think they are in? Big Macs? Nope.
The hamburger business?? Not even close. (They would never survive if they defined themselves as a hamburger business!!! Ugh!!)
Give up?? MacDonalds is in the business of ---- real estate ---- (they are experts in picking the best locations) and ---- operational systems ---- (experts at highly perfected franchise systems).
So how does all this relate to your business? Alot!!!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Just like we only use about 10% of our brain power,
business owners only use 10% of their business power.
Education is said to be a lifelong process; it is a journey rather than a destination. However, many people having once acquired a basic degree and a few years of work experience pay little attention to enhancing their prospects with specific career education. Hectic professional schedules and personal commitments weigh heavily on
That is why Disney’s success is everywhere!! Theme cruise ships, Broadway shows, mini-parks, retail stores and a host of other business ventures.
Let’s look at another example ... one you know very well. MacDonalds.
What business do you think they are in? Big Macs? Nope.
The hamburger business?? Not even close. (They would never survive if they defined themselves as a hamburger business!!! Ugh!!)
Give up?? MacDonalds is in the business of ---- real estate ---- (they are experts in picking the best locations) and ---- operational systems ---- (experts at highly perfected franchise systems).
So how does all this relate to your business? Alot!!!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Just like we only use about 10% of our brain power,
business owners only use 10% of their business power.
Taxes and tax-like charges can add as much as 25%, and more, to local telephone charges in some jurisdictions. This is an area to which no rules are universally applicable, so all generalities have exceptions. That being said, there are three "rules-of-thumb" which can be useful in understanding the taxes placed on your bills.<
The hamburger business?? Not even close. (They would never survive if they defined themselves as a hamburger business!!! Ugh!!)
Give up?? MacDonalds is in the business of ---- real estate ---- (they are experts in picking the best locations) and ---- operational systems ---- (experts at highly perfected franchise systems).
So how does all this relate to your business? Alot!!!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Just like we only use about 10% of our brain power,
business owners only use 10% of their business power.
You want to be more flexible? You have to stretch your muscles. Want to be physically stronger? You have to find a way to workout and build your muscles. Want to be a stronger marketer? You’ve got to work your marketing muscles.Just as an athlete needs to workout to stay in shape, if you want to get stronger at marketing
So how does all this relate to your business? Alot!!!!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Just like we only use about 10% of our brain power,
business owners only use 10% of their business power.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As a business owner, you always bring alot more to the table - in terms of core strengths, resources, tangible and intangible assets - than are ever being tapped and utilized in your business.
If you are defining your business by your roles, activities or services/products, you are currently under performing and seriously restricting your business’ profit potential.
Re-define your business not by what you do, but by what core strengths and assets are. When you do, you will - guaranteed - break the business boundaries that bind you.
=>> COACH'S RECOMMENDED ACTION:
Take 30-60 minutes during the next week and seriously
assess your core competencies and assets. Ask at least
5 business associates what they see as your 3 greatest
strengths and assets. How can you expand the scope and
the profitability of your business, by integrating more of
your competencies and assets into your business focus?
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.suggestyou.com/article/44734/suggestyou-The-Power-Of-ReDefining-Your-Business--Breaking-the-Boundaries-That-Bind-You.html">The Power Of Re-Defining Your Business: Breaking the Boundaries That Bind You</a>
BB link (for phorums):
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