This is a question that I am very sincere about as I write this. Many people are very nervous and concerned with the present business climate here in the U.S. There are many things we can discuss that would be of benefit for you and your business.
Additionally, we may discover that your business and mine could team up in order to mutually profit during these challenging times.
In the meantime, I am working with several businesses assisting them with ideas, training and a variety of strategies to help them to grow their profits. How do we do this? By showing you a number of ways to increase the value you and your business are providing for your clients and helping you to accelerate these strategies.
Contact me at 717-332-1689 or by email at tim@successlearningsystems.com and we can set up a day and time to speak and bounce ideas off each other. In the meantime, stay resourceful and keep searching for ways to increase your value to others!
Saturday, October 23, 2010
Friday, August 20, 2010
Self-Reliance And You
One of the most important traits we can develop is self-reliance, especially when it comes to our financial futures. Why self-reliance? How long do you think our government can sustain this out of control spending? Too many people have chosen to believe that the government can help them but, in reality, are allowing themselves to become trapped.
This is obviously not a place any of us should wish to be! However, due to many factors, including low self-belief, a number of people think that tying their futures to the government is the way to get through life.
A better solution is to spend less time watching TV or other forms of entertainment and work at what it may take to start your own business in a passion of your own.
By using the following template, a person can determine if they can monetize their idea. Our rewards in life are based on the goods and services we can produce and how easy or difficult we are to replace in the market.
By truly thinking, reflecting and working in a business of your passion, you will be well on your way to self-reliance!
This is obviously not a place any of us should wish to be! However, due to many factors, including low self-belief, a number of people think that tying their futures to the government is the way to get through life.
A better solution is to spend less time watching TV or other forms of entertainment and work at what it may take to start your own business in a passion of your own.
By using the following template, a person can determine if they can monetize their idea. Our rewards in life are based on the goods and services we can produce and how easy or difficult we are to replace in the market.
By truly thinking, reflecting and working in a business of your passion, you will be well on your way to self-reliance!
Monday, May 24, 2010
Speed And Dependability
Recently, I added an additional distinction regarding those I do business with. I had started to come to this conclusion myself but had this thought accelerated by a man from the midwest who deals with many small businesses and assists their profitability.
He shared his views on this idea of speed and dependability and it really helped me get my mind around the importance of this with what I do, working as a joint venturer and deal-maker with people throughout the country.
For example, let's say I am able to put together a good deal between a person from the east coast and someone from the midwest. As we look to get this moving the east coast person is dragging their feet and not taking the steps we had agreed on to make this happen.
You can imagine the embarassment I would feel toward myself, but more importantly, with the contact I have in the midwest. The East Coast person is dropping the ball they have literally been handed!!! How many more deals do you think I will present to them? That's right! Zero!
My contact in the midwest really explained it well with his discussion of speed and dependability and how he determines if the businesses he may work with will cut it or not. If they are not showing good passion, appear to be coachable or exhibit other telltale signs of procrastination, he says he just takes a pass on them. In other words, just lets them go and moves on to others who will show the necessary traits of speed and dependability.
I have been blessed as I have a group of people I am working closely with and am at various levels of setting up or thinking about deals for all of them on a daily basis. I know if I can deliver a deal to them with the others in this group that it will get done and will be win-win-win for everyone involved!
This group is called the Big Thinkers Extra Mile Team or BTEMT for short. I am always looking for more people who will pass this threshold and join this group. If you know of additional business people who will fit this idea, please have them contact me and I would love to help them with more deals.
Speed and dependability is truly where it is at in business, today and always!!!
He shared his views on this idea of speed and dependability and it really helped me get my mind around the importance of this with what I do, working as a joint venturer and deal-maker with people throughout the country.
For example, let's say I am able to put together a good deal between a person from the east coast and someone from the midwest. As we look to get this moving the east coast person is dragging their feet and not taking the steps we had agreed on to make this happen.
You can imagine the embarassment I would feel toward myself, but more importantly, with the contact I have in the midwest. The East Coast person is dropping the ball they have literally been handed!!! How many more deals do you think I will present to them? That's right! Zero!
My contact in the midwest really explained it well with his discussion of speed and dependability and how he determines if the businesses he may work with will cut it or not. If they are not showing good passion, appear to be coachable or exhibit other telltale signs of procrastination, he says he just takes a pass on them. In other words, just lets them go and moves on to others who will show the necessary traits of speed and dependability.
I have been blessed as I have a group of people I am working closely with and am at various levels of setting up or thinking about deals for all of them on a daily basis. I know if I can deliver a deal to them with the others in this group that it will get done and will be win-win-win for everyone involved!
This group is called the Big Thinkers Extra Mile Team or BTEMT for short. I am always looking for more people who will pass this threshold and join this group. If you know of additional business people who will fit this idea, please have them contact me and I would love to help them with more deals.
Speed and dependability is truly where it is at in business, today and always!!!
Wednesday, April 21, 2010
Incremental Profit
This article has to do with a concept I have learned from a true master and is called incremental profit. It is a key principle behind the power and leverage of joint ventures. This idea will be thoroughly explained during this presentation. First of all, I want to use an example I heard from Robert Kiyosaki of the Rich Dad, Poor Dad book and CD series. Robert says business is a team sport and I totally agree! I have seen so many people, myself included, who try to go it alone and grind it out when there are far better ways to leverage your time, efforts and energy!
What I learned from this master in the field was how to set up joint ventures or strategic alliances, same thing, and incremental profit is a key reason for doing this. So what is incremental profit and why should you add this to your business toolbox?
All of us know people others don’t know. All of us have one or two, perhaps three areas of strength or genius others don’t have and vice versa. One of the biggest myths we all hear is to work on and develop our weaknesses. Well, even if we do, we are still only reaching mediocrity! As an example, I am not what you would call “Mr. High Tech” nor do I want to be! My gifts are in developing rapport and teaming with others, creating value and connecting people to each other. These are things that make my motor run and I am very passionate about! Why should I make myself insane trying to learn all about high tech when my solution is to team up with someone who is already there, trade skills and work out a joint venture? Yet I speak with people all the time who think they have to learn every piece of high tech for their business to be successful. They are wasting time, effort, energy and most important, their life juice! Team up with someone who is already good and stop playing the lone wolf!!!! Business is a team sport!!! This is the mindset you need to develop if you are going to get ahead in your business!
Now, let’s discuss incremental profit and how it can and will leverage what you are doing with your business. Here are some examples in easy to understand ways that you can apply right away.
So many people, ie, lone wolves, want to have all the profit all the time and that is a limiting mindset that will hold you and your business back! Learn to be a deal-maker and connector with others so it is win-win for everyone!
Here is a key question you need to ask yourself as you start your journey toward incremental profit. Who do I know that has a variety of contacts within their business? How can I add value for that person as well as their business contacts? You are looking for business people who possess the qualities of speed and dependability as well as those you already have rapport with.
Emphasize you have a way to help them become more profitable without taking away from what they are currently earning in their business.
Here is how incremental profit can work for them and an explanation of how not all profit is equal.
Let’s say we use an example of a business that has set expenses of $1000.00 per month. This number is just for demonstration purposes so please follow along. If your business made $1500.00 that same month, your profit would have been $500.00 which is $1500.00 minus $1000.00 set expenses. If this same business were to joint venture with you and produced more value and sales to their clients of $1200.00 and split it 50-50 with you, they would add $600.00 to their bottom line and so would you! Now, your business connection made the $1500.00 gross plus an additional $600.00 of pure profit. Their overall profit would be $500.00 plus $600.00 or $1100.00! Do you think they would be open to that?
But Tim, would if they are afraid I may take their clients? They don’t even have to ask this question but you assume they may be thinking this as they revert to their “lone wolf, them against the world ways.” You say to them, “look, I am in this for the long run in ways that will help both of us. I am not Congress or Wall Street trying to rip you off!” It would make no sense to sabotage a good symbiotic relationship and our friendship where we both benefit and lose the future opportunity to do more deals with you and some of your business contacts. Remind them, none of us are selling a service or a product but a feeling, state or mood. Our relationship is the most important issue here!
Now imagine we repeat this process in additional creative ways and your business contact makes their monthly $1500.00 or $500.00 profit plus $600.00 more incremental pure profit, a second deal nets them another $500.00 and a third deal brings in $700.00 for them. As I add this up, their profit went from $500.00 per month to $2300.00 monthly!!! Do you think they may be interested in speaking further with you and if we painted this picture?
My role in this process is to help you connect with others as well as assist you and them with working “on” their business. Joint ventures, with their incremental profit, are great ways to do this!
What I learned from this master in the field was how to set up joint ventures or strategic alliances, same thing, and incremental profit is a key reason for doing this. So what is incremental profit and why should you add this to your business toolbox?
All of us know people others don’t know. All of us have one or two, perhaps three areas of strength or genius others don’t have and vice versa. One of the biggest myths we all hear is to work on and develop our weaknesses. Well, even if we do, we are still only reaching mediocrity! As an example, I am not what you would call “Mr. High Tech” nor do I want to be! My gifts are in developing rapport and teaming with others, creating value and connecting people to each other. These are things that make my motor run and I am very passionate about! Why should I make myself insane trying to learn all about high tech when my solution is to team up with someone who is already there, trade skills and work out a joint venture? Yet I speak with people all the time who think they have to learn every piece of high tech for their business to be successful. They are wasting time, effort, energy and most important, their life juice! Team up with someone who is already good and stop playing the lone wolf!!!! Business is a team sport!!! This is the mindset you need to develop if you are going to get ahead in your business!
Now, let’s discuss incremental profit and how it can and will leverage what you are doing with your business. Here are some examples in easy to understand ways that you can apply right away.
So many people, ie, lone wolves, want to have all the profit all the time and that is a limiting mindset that will hold you and your business back! Learn to be a deal-maker and connector with others so it is win-win for everyone!
Here is a key question you need to ask yourself as you start your journey toward incremental profit. Who do I know that has a variety of contacts within their business? How can I add value for that person as well as their business contacts? You are looking for business people who possess the qualities of speed and dependability as well as those you already have rapport with.
Emphasize you have a way to help them become more profitable without taking away from what they are currently earning in their business.
Here is how incremental profit can work for them and an explanation of how not all profit is equal.
Let’s say we use an example of a business that has set expenses of $1000.00 per month. This number is just for demonstration purposes so please follow along. If your business made $1500.00 that same month, your profit would have been $500.00 which is $1500.00 minus $1000.00 set expenses. If this same business were to joint venture with you and produced more value and sales to their clients of $1200.00 and split it 50-50 with you, they would add $600.00 to their bottom line and so would you! Now, your business connection made the $1500.00 gross plus an additional $600.00 of pure profit. Their overall profit would be $500.00 plus $600.00 or $1100.00! Do you think they would be open to that?
But Tim, would if they are afraid I may take their clients? They don’t even have to ask this question but you assume they may be thinking this as they revert to their “lone wolf, them against the world ways.” You say to them, “look, I am in this for the long run in ways that will help both of us. I am not Congress or Wall Street trying to rip you off!” It would make no sense to sabotage a good symbiotic relationship and our friendship where we both benefit and lose the future opportunity to do more deals with you and some of your business contacts. Remind them, none of us are selling a service or a product but a feeling, state or mood. Our relationship is the most important issue here!
Now imagine we repeat this process in additional creative ways and your business contact makes their monthly $1500.00 or $500.00 profit plus $600.00 more incremental pure profit, a second deal nets them another $500.00 and a third deal brings in $700.00 for them. As I add this up, their profit went from $500.00 per month to $2300.00 monthly!!! Do you think they may be interested in speaking further with you and if we painted this picture?
My role in this process is to help you connect with others as well as assist you and them with working “on” their business. Joint ventures, with their incremental profit, are great ways to do this!
Sunday, April 11, 2010
Joint Venture Dealmaker
Incremental Profit
This audio has to do with a concept I have learned from a true master and is called incremental profit. It is a key principle behind the power and leverage of joint ventures. This idea will be thoroughly explained during this presentation. First of all, I want to use an example I heard from Robert Kiyosaki of the Rich Dad, Poor Dad book and CD series. Robert says business is a team sport and I totally agree! I have seen so many people, myself included, who try to go it alone and grind it out when there are far better ways to leverage your time, efforts and energy!
What I learned from this master in the field was how to set up joint ventures or strategic alliances, same thing, and incremental profit is a key reason for doing this. So what is incremental profit and why should you add this to your business toolbox?
All of us know people others don’t know. All of us have one or two, perhaps three areas of strength or genius others don’t have and vice versa. One of the biggest myths we all hear is to work on and develop our weaknesses. Well, even if we do, we are still only reaching mediocrity! As an example, I am not what you would call “Mr. High Tech” nor do I want to be! My gifts are in developing rapport and teaming with others, creating value and connecting people to each other. These are things that make my motor run and I am very passionate about! Why should I make myself insane trying to learn all about high tech when my solution is to team up with someone who is already there, trade skills and work out a joint venture? Yet I speak with people all the time who think they have to learn every piece of high tech for their business to be successful. They are wasting time, effort, energy and most important, their life juice! Team up with someone who is already good and stop playing the lone wolf!!!! Business is a team sport!!! This is the mindset you need to develop if you are going to get ahead in your business!
Now, let’s discuss incremental profit and how it can and will leverage what you are doing with your business. Here are some examples in easy to understand ways that you can apply right away.
So many people, ie, lone wolves, want to have all the profit all the time and that is a limiting mindset that will hold you and your business back! Learn to be a deal-maker and connector with others so it is win-win for everyone!
Here is a key question you need to ask yourself as you start your journey toward incremental profit. Who do I know that has a variety of contacts within their business? How can I add value for that person as well as their business contacts? You are looking for business people who possess the qualities of speed and dependability as well as those you already have rapport with.
Emphasize you have a way to help them become more profitable without taking away from what they are currently earning in their business.
Here is how incremental profit can work for them and an explanation of how not all profit is equal.
Let’s say we use an example of a business that has set expenses of $1000.00 per month. This number is just for demonstration purposes so please follow along. If your business made $1500.00 that same month, your profit would have been $500.00 which is $1500.00 minus $1000.00 set expenses. If this same business were to joint venture with you and produced more value and sales to their clients of $1200.00 and split it 50-50 with you, they would add $600.00 to their bottom line and so would you! Now, your business connection made the $1500.00 gross plus an additional $600.00 of pure profit. Their overall profit would be $500.00 plus $600.00 or $1100.00! Do you think they would be open to that?
But Tim, would if they are afraid I may take their clients? They don’t even have to ask this question but you assume they may be thinking this as they revert to their “lone wolf, them against the world ways.” You say to them, “look, I am in this for the long run in ways that will help both of us. I am not Congress or Wall Street trying to rip you off!” It would make no sense to sabotage a good symbiotic relationship and our friendship where we both benefit and lose the future opportunity to do more deals with you and some of your business contacts. Remind them, none of us are selling a service or a product but a feeling, state or mood. Our relationship is the most important issue here!
Now imagine we repeat this process in additional creative ways and your business contact makes their monthly $1500.00 or $500.00 profit plus $600.00 more incremental pure profit, a second deal nets them another $500.00 and a third deal brings in $700.00 for them. As I add this up, their profit went from $500.00 per month to $2300.00 monthly!!! Do you think they may be interested in speaking further with you and if we painted this picture?
My role in this process is to help you connect with others as well as assist you and them with working “on” their business. Joint ventures, with their incremental profit, are great ways to do this!
If you find this audio intriguing and want to learn more, please contact me within 48 hours (there’s that speed and dependability test again!!!). You can reach me by email- tim@successlearningsystems.com that’s tim@successlearningsystems.com or by phone, 717-332-1689. I look forward to speaking with you soon and thank you for taking your valuable time to listen!
This audio has to do with a concept I have learned from a true master and is called incremental profit. It is a key principle behind the power and leverage of joint ventures. This idea will be thoroughly explained during this presentation. First of all, I want to use an example I heard from Robert Kiyosaki of the Rich Dad, Poor Dad book and CD series. Robert says business is a team sport and I totally agree! I have seen so many people, myself included, who try to go it alone and grind it out when there are far better ways to leverage your time, efforts and energy!
What I learned from this master in the field was how to set up joint ventures or strategic alliances, same thing, and incremental profit is a key reason for doing this. So what is incremental profit and why should you add this to your business toolbox?
All of us know people others don’t know. All of us have one or two, perhaps three areas of strength or genius others don’t have and vice versa. One of the biggest myths we all hear is to work on and develop our weaknesses. Well, even if we do, we are still only reaching mediocrity! As an example, I am not what you would call “Mr. High Tech” nor do I want to be! My gifts are in developing rapport and teaming with others, creating value and connecting people to each other. These are things that make my motor run and I am very passionate about! Why should I make myself insane trying to learn all about high tech when my solution is to team up with someone who is already there, trade skills and work out a joint venture? Yet I speak with people all the time who think they have to learn every piece of high tech for their business to be successful. They are wasting time, effort, energy and most important, their life juice! Team up with someone who is already good and stop playing the lone wolf!!!! Business is a team sport!!! This is the mindset you need to develop if you are going to get ahead in your business!
Now, let’s discuss incremental profit and how it can and will leverage what you are doing with your business. Here are some examples in easy to understand ways that you can apply right away.
So many people, ie, lone wolves, want to have all the profit all the time and that is a limiting mindset that will hold you and your business back! Learn to be a deal-maker and connector with others so it is win-win for everyone!
Here is a key question you need to ask yourself as you start your journey toward incremental profit. Who do I know that has a variety of contacts within their business? How can I add value for that person as well as their business contacts? You are looking for business people who possess the qualities of speed and dependability as well as those you already have rapport with.
Emphasize you have a way to help them become more profitable without taking away from what they are currently earning in their business.
Here is how incremental profit can work for them and an explanation of how not all profit is equal.
Let’s say we use an example of a business that has set expenses of $1000.00 per month. This number is just for demonstration purposes so please follow along. If your business made $1500.00 that same month, your profit would have been $500.00 which is $1500.00 minus $1000.00 set expenses. If this same business were to joint venture with you and produced more value and sales to their clients of $1200.00 and split it 50-50 with you, they would add $600.00 to their bottom line and so would you! Now, your business connection made the $1500.00 gross plus an additional $600.00 of pure profit. Their overall profit would be $500.00 plus $600.00 or $1100.00! Do you think they would be open to that?
But Tim, would if they are afraid I may take their clients? They don’t even have to ask this question but you assume they may be thinking this as they revert to their “lone wolf, them against the world ways.” You say to them, “look, I am in this for the long run in ways that will help both of us. I am not Congress or Wall Street trying to rip you off!” It would make no sense to sabotage a good symbiotic relationship and our friendship where we both benefit and lose the future opportunity to do more deals with you and some of your business contacts. Remind them, none of us are selling a service or a product but a feeling, state or mood. Our relationship is the most important issue here!
Now imagine we repeat this process in additional creative ways and your business contact makes their monthly $1500.00 or $500.00 profit plus $600.00 more incremental pure profit, a second deal nets them another $500.00 and a third deal brings in $700.00 for them. As I add this up, their profit went from $500.00 per month to $2300.00 monthly!!! Do you think they may be interested in speaking further with you and if we painted this picture?
My role in this process is to help you connect with others as well as assist you and them with working “on” their business. Joint ventures, with their incremental profit, are great ways to do this!
If you find this audio intriguing and want to learn more, please contact me within 48 hours (there’s that speed and dependability test again!!!). You can reach me by email- tim@successlearningsystems.com that’s tim@successlearningsystems.com or by phone, 717-332-1689. I look forward to speaking with you soon and thank you for taking your valuable time to listen!
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