Tags |
|
|
Links |
|
|
Add You - The Visionary Entrepreneur
The hiring outlook for flight attendants has brightened considerably over the past few months. Led by United Airlines’ recent announcement that they would immediately begin to hire up to 2000 new flight attendants, this news has sparked the most attention. If you are interested in becoming a flight attendant, the market is the best it has been in five years. Let’s take a look at who is hiring or who can be expected to hire over the next year.Legacy Carriers – Beaten up by high employee costs, surging fuel prices, competition from low priced carriers, and overall inefficiency, two legacy carriers [defined as those air carriers who have helped shape the US airline industry] are turning the corner and are hiring flight attendants. United Airlines and Continental Airlines are hiring for various bases within the US.Discount Carriers – Southwest, AirTran, Mesa, and Alaska Airlines are all hiring right now. In fact, across the board hiring is taking place at virtual
5. Billing and Accounts Receivable System
6. Customer Service System
7. Accounts Payable System
8. Marketing System
9. Human Resources System
10. General Accounting System
Now if you are a small business made up of one or two people, you may be saying, “I can’t afford to hire the people to do all of those things!” What you have to understand is that these systems are simply functions that any business must have to be successful. Whether you are doing it or someone else, your business must be performing each of these functions. Once your business is performing each of these functions automatically and with optimal efficiency, it then frees you up to do other things. And that’s what a visionary entrepreneur does.
A system gives the owner control. A system should work so that the owner doesn’t have to. A system also empowers employees and gives them control. Most importantly a system gives your customers control. When people buy from a business they want to feel in control. And if your business has
I heard an advertisement on the radio the other day that surprised me, not because they were saying anything noteworthy, but because it was so banal. It was a national company’s ad. They pay an ad agency to write and produce their commercials. There are so many words at their disposal, so many descriptions, so many emotional statements to attract customers, why would they use the trite phrase, “ knowledgeable, friendly staff to serve you”? Even if they couldn’t think of anything exciting, they could have used, “if you’ve got questions, we’ve got answers”, “we specialize in providing answers”…”specializing in premium products and effective solutions”.”Try and stump the staff with your questions, they love a challenge”. “We don’t have all the answers but we’ll help find solutions”Even if you don’t have anything new to say, you can still say it with style, create a connection to the consumer or create a buzz. Use customers’ experiences and what they have to say to create a unique message.
What do I mean by finished? A business is an investment. You are building an asset. And any asset whether it is, a stock, real estate, or a business must have an exit strategy before you start. Once your business is working exactly how you envisioned it, in every detail, you are either going to sell it, or you are going to keep it, which means you are buying it yourself. And if you buy your own business, you’d better make sure that it is worth the price you pay for it.
Let’s look at the difference between a business owner and an entrepreneur. A business owner starts a business to be his or her own boss or to create a secure job for himself or herself. They usually start a business in his or her own field of knowledge. Rarely does a business owner have a vision of what they want for their life, let alone for their business. So, they end up working in their business day in and day out, and they end up being nothing but an overworked and underpaid employee.
An entrepreneur on the other hand, builds a business because it is exciting and challenging. It requires every part of them to make it successful. They have a picture, a clear vision of how that business is going to work in every detail and the result it is going to produce. They never work in their business, rather they work on their business. An entrepreneur rarely starts a business in his or her own field of knowledge. They put the right system in place to make their vision become a reality. An entrepreneur looks at systems. They don’t get tied up in the day to day activities of their business. This frees them up to start new businesses, and either sell existing their businesses, or take them public. This is why an entrepreneur like Donald Trump can run as many as 50 businesses at one time.
Michael Gerber, author of the E-Myth, says that the purpose of any business is to give the owner more life. It's purpose is to free the owner from working in it. If your business is not giving you the freedom to live the life you want to live, then it is taking your life away from you.
One of the main reasons you should start a business is to create excessive cash flow. The excessive cash flow will allow you the extra money and free time to keep building more businesses. Another reason to build a business is to sell it. Always remember, you’re building a valuable asset. For something to be valuable, there must be many more people than you who want it.
Before you build a business you have to ask yourself some important questions. Why are you starting this business? What are you building your business to do and for whom? Who is your customer going to be (include both demographics and psychographics)? What is your strategic objective going to be? Is your business going to be local, regional, national, international? How many locations or branches are you going to have? How is your business going to operate? What are the gross revenues of your business going to be? What are the profits going to be (pre-taxed net and after taxed net)?
And the two most important questions of all are, What must your business look like, in order for it to give you the kind of life you desire? What will your business look like when it is finished? You have to have a vision of how your business will work, down to the last detail so that your prospects are amazed at how you produce the results they want and expect every time they purchase from you.
An entrepreneur sets up a series of systems for his or her business. Just as your body is made up of different systems in order to be able to function at maximum efficiency, your business must have certain systems as well.
Here is a list of ten systems that a business must have, if it is to be successful.
1. Daily Office Operations System
2. Product or Service Development System
3. Inventory System
4. Order Processing System
5. Billing and Accounts Receivable System
6. Customer Service System
7. Accounts Payable System
8. Marketing System
9. Human Resources System
10. General Accounting System
Now if you are a small business made up of one or two people, you may be saying, “I can’t afford to hire the people to do all of those things!” What you have to understand is that these systems are simply functions that any business must have to be successful. Whether you are doing it or someone else, your business must be performing each of these functions. Once your business is performing each of these functions automatically and with optimal efficiency, it then frees you up to do other things. And that’s what a visionary entrepreneur does.
A system gives the owner control. A system should work so that the owner doesn’t have to. A system also empowers employees and gives them control. Most importantly a system gives your customers control. When people buy from a business they want to feel in control. And if your business has a
Now that’s quite a title for a story about business! What the heck has Quantum Physics to do with the day-to-day challenges of a business? The goals in business are obvious: Having an attractive product or service appealing to a large number of customers at an optimum price allowing an optimum profit! And of course the business must grow, because if you don’t grow you just die, right? That is one of the most basic Marketing rules…standing still means dying or in other words going out of business. So what you need is a vision, a strategy how to get there and an action plan to make your strategy work.What if I can explain to you that there is much more to it, that Quantum Physics indeed plays a crucial role in your business?First of all whatever you do the “Human Dimension” comes into the play. And the human beings being it your employees, your customers or clients, or yourself and your family are deciding in the end how successful your business will become! There is an interaction
An entrepreneur on the other hand, builds a business because it is exciting and challenging. It requires every part of them to make it successful. They have a picture, a clear vision of how that business is going to work in every detail and the result it is going to produce. They never work in their business, rather they work on their business. An entrepreneur rarely starts a business in his or her own field of knowledge. They put the right system in place to make their vision become a reality. An entrepreneur looks at systems. They don’t get tied up in the day to day activities of their business. This frees them up to start new businesses, and either sell existing their businesses, or take them public. This is why an entrepreneur like Donald Trump can run as many as 50 businesses at one time.
Michael Gerber, author of the E-Myth, says that the purpose of any business is to give the owner more life. It's purpose is to free the owner from working in it. If your business is not giving you the freedom to live the life you want to live, then it is taking your life away from you.
One of the main reasons you should start a business is to create excessive cash flow. The excessive cash flow will allow you the extra money and free time to keep building more businesses. Another reason to build a business is to sell it. Always remember, you’re building a valuable asset. For something to be valuable, there must be many more people than you who want it.
Before you build a business you have to ask yourself some important questions. Why are you starting this business? What are you building your business to do and for whom? Who is your customer going to be (include both demographics and psychographics)? What is your strategic objective going to be? Is your business going to be local, regional, national, international? How many locations or branches are you going to have? How is your business going to operate? What are the gross revenues of your business going to be? What are the profits going to be (pre-taxed net and after taxed net)?
And the two most important questions of all are, What must your business look like, in order for it to give you the kind of life you desire? What will your business look like when it is finished? You have to have a vision of how your business will work, down to the last detail so that your prospects are amazed at how you produce the results they want and expect every time they purchase from you.
An entrepreneur sets up a series of systems for his or her business. Just as your body is made up of different systems in order to be able to function at maximum efficiency, your business must have certain systems as well.
Here is a list of ten systems that a business must have, if it is to be successful.
1. Daily Office Operations System
2. Product or Service Development System
3. Inventory System
4. Order Processing System
5. Billing and Accounts Receivable System
6. Customer Service System
7. Accounts Payable System
8. Marketing System
9. Human Resources System
10. General Accounting System
Now if you are a small business made up of one or two people, you may be saying, “I can’t afford to hire the people to do all of those things!” What you have to understand is that these systems are simply functions that any business must have to be successful. Whether you are doing it or someone else, your business must be performing each of these functions. Once your business is performing each of these functions automatically and with optimal efficiency, it then frees you up to do other things. And that’s what a visionary entrepreneur does.
A system gives the owner control. A system should work so that the owner doesn’t have to. A system also empowers employees and gives them control. Most importantly a system gives your customers control. When people buy from a business they want to feel in control. And if your business has
As much as billers don't want to think about it, software for medical billing is not perfect. There are going to be problems, sometimes lots of them. In the next series of articles, which will cover a number of critical areas of the DME software system, we will go over the most common problems that you will run into when operating your DME medical billing system. In this particular installment, we're going to just give a brief overview of the areas that will be covered in more detail.The first part of the system where you are going to run into problems is the actual installation and running of the software itself. Even though manufacturers try to make software that will work on any operating system and network, this isn't always the case. Sometimes just installing the software itself can be a problem.The second part of the system where you are going to run into problems is the entering of data, which is where you store your doctor files, patient files, inventory files and so
Michael Gerber, author of the E-Myth, says that the purpose of any business is to give the owner more life. It's purpose is to free the owner from working in it. If your business is not giving you the freedom to live the life you want to live, then it is taking your life away from you.
One of the main reasons you should start a business is to create excessive cash flow. The excessive cash flow will allow you the extra money and free time to keep building more businesses. Another reason to build a business is to sell it. Always remember, you’re building a valuable asset. For something to be valuable, there must be many more people than you who want it.
Before you build a business you have to ask yourself some important questions. Why are you starting this business? What are you building your business to do and for whom? Who is your customer going to be (include both demographics and psychographics)? What is your strategic objective going to be? Is your business going to be local, regional, national, international? How many locations or branches are you going to have? How is your business going to operate? What are the gross revenues of your business going to be? What are the profits going to be (pre-taxed net and after taxed net)?
And the two most important questions of all are, What must your business look like, in order for it to give you the kind of life you desire? What will your business look like when it is finished? You have to have a vision of how your business will work, down to the last detail so that your prospects are amazed at how you produce the results they want and expect every time they purchase from you.
An entrepreneur sets up a series of systems for his or her business. Just as your body is made up of different systems in order to be able to function at maximum efficiency, your business must have certain systems as well.
Here is a list of ten systems that a business must have, if it is to be successful.
1. Daily Office Operations System
2. Product or Service Development System
3. Inventory System
4. Order Processing System
5. Billing and Accounts Receivable System
6. Customer Service System
7. Accounts Payable System
8. Marketing System
9. Human Resources System
10. General Accounting System
Now if you are a small business made up of one or two people, you may be saying, “I can’t afford to hire the people to do all of those things!” What you have to understand is that these systems are simply functions that any business must have to be successful. Whether you are doing it or someone else, your business must be performing each of these functions. Once your business is performing each of these functions automatically and with optimal efficiency, it then frees you up to do other things. And that’s what a visionary entrepreneur does.
A system gives the owner control. A system should work so that the owner doesn’t have to. A system also empowers employees and gives them control. Most importantly a system gives your customers control. When people buy from a business they want to feel in control. And if your business has
There are 2 different kinds of popular catalogs used for merchandising. There are online catalogs that provide easy access using the internet, and there are printed catalogs that are used for mail-orders. Mail order is a means of purchasing products and services through mail. Though online catalogs are cheaper to set-up, there are many disadvantages of using this method of advertising. First of which is that it poses security issues. There are many cases of online theft and hacking; customers might be wary and hesitant to order given that this form of thievery is rampant. Dial-up users will have difficulty with trying to access these online catalogs. This might frustrate customers and end up causing losses in potential customers for the companies. Customers will not be able to test products. Online catalogs are impersonal and it fails to make the same kind of impression as a printed catalog would. Printed catalogs show the effort that a company has put behind trying to advertise and make an
And the two most important questions of all are, What must your business look like, in order for it to give you the kind of life you desire? What will your business look like when it is finished? You have to have a vision of how your business will work, down to the last detail so that your prospects are amazed at how you produce the results they want and expect every time they purchase from you.
An entrepreneur sets up a series of systems for his or her business. Just as your body is made up of different systems in order to be able to function at maximum efficiency, your business must have certain systems as well.
Here is a list of ten systems that a business must have, if it is to be successful.
1. Daily Office Operations System
2. Product or Service Development System
3. Inventory System
4. Order Processing System
5. Billing and Accounts Receivable System
6. Customer Service System
7. Accounts Payable System
8. Marketing System
9. Human Resources System
10. General Accounting System
Now if you are a small business made up of one or two people, you may be saying, “I can’t afford to hire the people to do all of those things!” What you have to understand is that these systems are simply functions that any business must have to be successful. Whether you are doing it or someone else, your business must be performing each of these functions. Once your business is performing each of these functions automatically and with optimal efficiency, it then frees you up to do other things. And that’s what a visionary entrepreneur does.
A system gives the owner control. A system should work so that the owner doesn’t have to. A system also empowers employees and gives them control. Most importantly a system gives your customers control. When people buy from a business they want to feel in control. And if your business has
The recent expansion of some small towns in Alberta with the lack of tradespeople is challenging but there may be areas of opportunity in the future. How soon will it be, or how long depends on an influx of tradespeople needed that are qualified to build homes or are trained in specialities quickly by industry experts.Some small towns have to put expansions on hold due to costs and lack of people resources with the proper skills. In the pioneer days of Alberta, there were groups of communities that involved people within them that assisted in pulling their own ploughs for their own farmlands. However, these days as the "general world economy" has become more advanced in services and technology, labour trades in some regions seem to have excess demand and limited supply.In order to meet these excess demands workers with specialized trades or experience within the construction industry need to be brought in. But it is not this simple. What may need to happen depending on desired gr
5. Billing and Accounts Receivable System
6. Customer Service System
7. Accounts Payable System
8. Marketing System
9. Human Resources System
10. General Accounting System
Now if you are a small business made up of one or two people, you may be saying, “I can’t afford to hire the people to do all of those things!” What you have to understand is that these systems are simply functions that any business must have to be successful. Whether you are doing it or someone else, your business must be performing each of these functions. Once your business is performing each of these functions automatically and with optimal efficiency, it then frees you up to do other things. And that’s what a visionary entrepreneur does.
A system gives the owner control. A system should work so that the owner doesn’t have to. A system also empowers employees and gives them control. Most importantly a system gives your customers control. When people buy from a business they want to feel in control. And if your business has a system in place that will give them a predictable result every time they purchase from you, then they feel in control.
The visionary entrepreneur uses leverage to his or her full advantage. Leverage is simply the ability to do more with less. The internet is a great form of leverage, because you are able to reach and serve millions of people very quickly and inexpensively. Education is another great form of leverage. Entrepreneurs are constantly learning new things every day. This gives them great leverage over most of society that doesn’t bother with continuous education. By putting in a series of systems into the business the visionary entrepreneur is giving himself or herself tremendous leverage with other people’s time. Having a system in place leverages it to perform significantly better than the competition at lower costs, with higher impact, and with greater predictability.
The visionary entrepreneur constantly thinks in terms of innovation. Innovation is the process of constantly looking for and better ways of doing business. It is the process of constantly coming up with better and more cost effective ways of bringing your products and services to your prospects and customers. As author and management consultant Peter Drucker said, A business has only one function and that is to create a customer. The only way you do that is with marketing and innovation. Everything else are just costs and expenses of doing business.
A visionary entrepreneur looks at his or her business as a franchise prototype. Even if it is not going to be a franchise. By envisioning their business as a franchise prototype, they are able to put a system in place that can be replicated whether they create another one or not. And it is the system that an entrepreneur puts in place that not only frees him or her from having to work in the business but also gives the customer the exact result he or she wants and expects every time.
Here’s another great question you should ask yourself before you start your business, If your business were a prototype for 500 or 1,000 others just like it, how would you approach your business?
The entrepreneurial vision is not about creating new products or services. It is all about creating a better way of doing something that enriches people’s lives. Your vision should give you a clear and focused intention of exactly what you want for your life and for your business. When you have a clear and focused vision you can take any ordinary business and make it perform in an extraordinary way. When you do this any business you build will achieve extraordinary results.
Copyright© 2005 by Joe Love and JLM & Associates, Inc. All rights reserved worldwide.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.addyou.info/article/18552/addyou-The-Visionary-Entrepreneur.html">The Visionary Entrepreneur</a>
BB link (for phorums):
[url=http://www.addyou.info/article/18552/addyou-The-Visionary-Entrepreneur.html]The Visionary Entrepreneur[/url]
Related Articles:
Medical Billing - Software ROI
Bookmark it:
|