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Independent Contractors – how can you take advantage of their flexibility? October 21, 2008

Posted by businessgrowthmastery in Entrepreneurial, IT/ Technology, Leadership, Operations.
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Do you have a list of projects that you want to commence but never seem able to get around to starting?

For many small and medium sized businesses this is a real issue – there just never seems to be enought hours in the day to get everything done.

However, there may be an answer to these challenges and again it is something that we can learn from larger corporations. Many entrepreneurs manage to deliver quickly and efficiently by using a corps of independent contractors, who provide flexible, skilled help just when the business needs it and more importantly only when the business needs it!

Many entrepreneurs use professional contractors for two reasons – flexibility and variety. You can select a contractor with specific skills to undertake a specific projects and then once completed, end the contract and move onto the next one.You have no issues with hiring, firing and morale.

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Thriving in a Downturn – Part 1 – How would you like this next year to be 14 months long? June 12, 2008

Posted by businessgrowthmastery in Entrepreneurial, Leadership, Mastermind Group.
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Time is something that we all have equality in. No one has any more time than anyone else. However, what if I can show you a way to give you an extra 2 months in every year – what do you think you’d do with this extra time?Successful people in all walks of life put a high value on time – it is after all, the one thing that once lost can never be reclaimed.

So, if you are to thrive in the coming weeks, months and years it follows that you need to really maximise the time that you have available. Success tends to come from working smarter rather than harder. I’m not a strong believer in burning the candle at both ends – you need to get a good balance between focused effort and recuperation. The question is how you can improve your time management skills to allow you to achieve this.

Before we look at a proven way to improve your time management skills, let’s look at the 7 key time wasters;…

 

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AIM – promised land or nightmare destination? June 12, 2008

Posted by businessgrowthmastery in Entrepreneurial, Financial Management, Leadership, Vision & Strategy.
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Ever since the Alternative Investment Market was established in 1995, it have become the listing of choice for ambitious entrepreneurs. However, many business owners have found the market to be too intrusive for them to develop their business. So, what do you need to know?Close on 1700 business trade on AIM, with a combined value of £88bn – so it is certainly the promised land for raising funds!

The attraction of AIM to many business owners is the ability to rise funds for future growth of their business. Although AIM is a regulated marketplace, its regulatory framework is significantly less rigorous that the main market and as such AIM is attractive as there are;…

 

 

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Virtualise your business! June 12, 2008

Posted by businessgrowthmastery in General, IT/ Technology, Operations, Vision & Strategy.
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What does Virtualisation mean to you?The latest business fad – another in a long list that includes total quality management, Y2K etc. Well, many people think this way.

I certainly don’t. Why?

Well for a business that has designs on growth, you should be looking at all options available to you to allow you to scal up your operations in the most cost effective way possible. I believe that operating within the Virtual world allows you to do this by providing you with access to the very best technology available on a ‘pay as you go’ basis.

No up front installation costs, no up front acquisition costs, no ongoing mintenance costs, reduced risks, improved performance – these are all benefits of moving towards a virtual IT structure.

To cap it off, you don’t need to employ the ‘geek in the corner’ to ensure that it all operates properly.

As long as you have good internet connections – broadband at a minimum, you can now access all of your technology requirements via a range of web enabled solutions…

 

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Navigating your way through the credit crunch June 12, 2008

Posted by businessgrowthmastery in Economic Environment, Entrepreneurial, Financial Management, General, Leadership, Mastermind Group, Vision & Strategy.
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As we move through 2008, the world economic situation is uncertain at best!
We are being constantly bombarded with talk of recession or at the very best, a significant reduction in the economic growth. This, coupled with the ever advancing strength of the Chinese, Indian and Russian economies amongst others are creating a period of uncertainty and worry within the main Western economies.What does this mean to you, as an owner/leader of a business that you want to see grow?
Does it have to be all doom and gloom?
What can you do to ensure that you continue to thrive?

Here is my 10 point plan for maintaining your growth aspirations during periods of economic uncertainty;

1. In any situation, whether good or bad, there are always opportunities. Think about your business model and consider what opportunities exist for you to adapt your product/service offering to meet a need that has only arisen as a result of the uncertain outlook.

2. Review your vision for your business – is it still valid? Is it still desirable? The New Year period tends to be a time for reflection. Reflect on your vision and adapt it to meet the present situation. Is your vision for the business still enough to drive you to take repeated action, day in, day out? If it isn’t, understand what will and do it. Any lack of action now will have a major impact on your ability to achieve your ambitions.

3. Look at every part………..

 

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