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	<title>CEOConsultant.com PR &#187; Growth</title>
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		<title>Join Forces: Don&#8217;t Fight the Irresistible</title>
		<link>http://www.ceoconsultant.com/business/join-forces-dont-fight-the-irresistible/</link>
		<comments>http://www.ceoconsultant.com/business/join-forces-dont-fight-the-irresistible/#comments</comments>
		<pubDate>Wed, 16 Jan 2008 10:57:25 +0000</pubDate>
		<dc:creator>Business Article</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Growth]]></category>
		<category><![CDATA[Management]]></category>

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		<description><![CDATA[Do you want results . . . or are you satisfied with excuses?
The barrier to irresistible growth is not the unstoppable,
uncontrollable external change, but fixed (and frequently
unexamined) ideas of how to respond to those changes.
John Kenneth Galbraith, the late economist, noted that &#8220;The
enemy of the conventional wisdom is not ideas but the march
of events.&#8221;  And [...]]]></description>
			<content:encoded><![CDATA[<p>Do you want results . . . or are you satisfied with excuses?</p>
<p>The barrier to irresistible growth is not the unstoppable,<br />
uncontrollable external change, but fixed (and frequently<br />
unexamined) ideas of how to respond to those changes.</p>
<p>John Kenneth Galbraith, the late economist, noted that &#8220;The<br />
enemy of the conventional wisdom is not ideas but the march<br />
of events.&#8221;  And the tide of expected future change in our<br />
society is now rapid and breathtaking to most &#8212; whether we<br />
consider irresistible forces like the advent of the<br />
Knowledge Age (with knowledge doubling in many fields<br />
within a few years, months, or even days), the electronic<br />
improvements in communication choices (the potential number<br />
of ways for you to receive or send a message will continue<br />
to grow rapidly for many more years), shifts in work<br />
activities (from routine fulfilling of standard tasks to<br />
Peter Drucker&#8217;s knowledge work) and stability (as a result<br />
of down-sizing and a &#8220;free agent&#8221; work force),<br />
demographic-driven social changes (ever older populations<br />
in the developed countries and ever younger ones everywhere<br />
else), weather volatility (both in temperatures and<br />
storms), the movements of currencies and markets, social<br />
mores of the moment (fads get shorter and shorter), or<br />
personal styles of the young (differentiating from older<br />
teenagers, not just from adults).</p>
<p>There is no doubt that today the world has become much more<br />
complicated and interconnected. For businesses,<br />
globalization means that the number and distance of<br />
customers, suppliers and competitors have grown<br />
geometrically. Such interconnectedness also means that what<br />
affects one can quickly spread and affect all, like the<br />
rapid expansions of computer and human viruses. These<br />
connections mean that economic and financial adjustments,<br />
especially in prices and currency values, travel faster and<br />
further than before. Your irresistible growth enterprise<br />
must be agile in adapting to these changes. I believe that<br />
making rapid and best use of sudden changes in powerful<br />
conditions no one can control is the key to becoming an<br />
irresistible growth enterprise.</p>
<p><span id="more-547"></span></p>
<p>When asked in the 1950s about how much control they had<br />
over their business&#8217;s success, U.S. CEOs felt they had a<br />
great deal. By the start of the 1990s, CEOs often felt that<br />
irresistible forces had more impact on the company&#8217;s<br />
success then the employees did.</p>
<p>We only have to look at charts measuring events over the<br />
last 100 years to see that the volatility of many<br />
irresistible forces is also growing. In the last 30 years<br />
alone, this volatility has included an unprecedented<br />
success by a commodity cartel (the Arab oil embargo), the<br />
fall of a major government type around the world<br />
(communism), stock prices have experienced unprecedented<br />
growth in the United States and many other countries,<br />
interest rates have fluctuated from over 20 percent to as<br />
low as 2 percent in North America (and more widely<br />
elsewhere), and the advent of the service economy (of<br />
stores and local brokerage offices) was diverted into<br />
creating an information-based economy.</p>
<p>As these examples suggest, the degree and speed of change<br />
are both accelerating. At one time, corporate leaders could<br />
conduct leisurely studies of such changing phenomena after<br />
they began to occur, thoughtfully select the right actions,<br />
and then experiment with the best way to proceed. In many<br />
cases, the time involved to deliberately study its choices<br />
today costs a company its biggest opportunities, and can<br />
even lead to failure.</p>
<p>Consider Barnes &amp; Noble, the leader in physical book<br />
stores.  Before launching its electronic commerce business,<br />
it decided to watch what happened with Amazon.com for a<br />
while as it studied its options.  By the time Barnes &amp;<br />
Noble was ready to act, Amazon.com had built a commanding<br />
electronic lead that will be very difficult to overcome.<br />
Naturally, it is nice to be able to find one trend and ride<br />
it for a long time.  The results can be wonderful.</p>
<p>McDonald&#8217;s is one of very few companies that have had this<br />
experience. The company&#8217;s premise is based on customers&#8217;<br />
desires for dependable, inexpensive food, served quickly<br />
and effectively in convenient clean locations. From its<br />
beginnings as a single hamburger stand in the 1930s in San<br />
Bernardino, California, it has become a global giant today.</p>
<p>But even McDonald&#8217;s had to learn eventually to adapt to the<br />
irresistible force of consumer food preferences as it moved<br />
beyond North America. The familiar hamburger, fries and<br />
soft drink menu had to expand to offer curry in England and<br />
a glass of wine in Paris.</p>
<p>Today&#8217;s enterprises will find such long-term rides to be<br />
the exception to the rule. Consider how Microsoft flirted<br />
with disaster in the 1990s by missing the early<br />
significance of providing software and services for the<br />
Internet. Intel was originally a memory chip manufacturer,<br />
and shifted into microprocessors as its primary business<br />
somewhat by accident.</p>
<p>The world is full of shuttered stores that failed to meet<br />
customer needs. Their boarded up windows are mute testimony<br />
to the need to shift with the changing trends. Many of the<br />
most significant irresistible forces (such as new<br />
technologies, improved communications, the weather,<br />
demographics, user preferences, and economic conditions)<br />
have grown much more volatile and unpredictable in just the<br />
past five to ten years.  Analysts suggest that this trend<br />
will accelerate due to the &#8220;chaos&#8221; effects of how a small<br />
change in one place in the world can cause an enormous<br />
change elsewhere.</p>
<p>Simply consider all of the changes that Jack Welch went<br />
through to turn General Electric from a<br />
slow-growing-industrial goods manufacturer into a financial<br />
services powerhouse with high-margin manufacturing<br />
specialties. Any one of these changes would have<br />
overwhelmed most organizations, yet Welch succeeded with<br />
several.</p>
<p>How well the company fares under Welch&#8217;s successors will<br />
reveal a lot about the difficulties of continuing as an<br />
irresistible growth enterprise.</p>
<p>This multiplier effect will increasingly happen with all<br />
irresistible forces, and this is the key insight upon which<br />
you must act now. While most organizations will react to<br />
such forces and their changes only when it is impossible<br />
not to (out of self-preservation or fear), the irresistible<br />
growth enterprise will see the creation of broad<br />
unstoppable change, the accurate anticipation of such<br />
changes, and the steady beneficial harnessing of such<br />
changes to achieve its purposes as its primary tasks.</p>
<p>Are you ready?</p>
<p>Copyright 2008 Donald W. Mitchell, All Rights Reserved</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<br />
Donald Mitchell is chairman of Mitchell and Company, a<br />
strategy and financial consulting firm in Weston, MA. He is<br />
coauthor of seven books including Adventures of an<br />
Optimist, The Irresistible Growth Enterprise, and The<br />
Ultimate Competitive Advantage. You can find free tips for<br />
accomplishing 20 times more by registering at:<br />
====&gt; <a target="_blank" href="http://www.2000percentsolution.com/"><font color="#003399">http://www.2000percentsolution.com</font></a> .</p>
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		<title>Plan Out Your 3-Year Vision for Attracting Clients</title>
		<link>http://www.ceoconsultant.com/business/plan-out-your-3-year-vision-for-attracting-clients/</link>
		<comments>http://www.ceoconsultant.com/business/plan-out-your-3-year-vision-for-attracting-clients/#comments</comments>
		<pubDate>Sat, 05 Jan 2008 15:24:33 +0000</pubDate>
		<dc:creator>Business Article</dc:creator>
				<category><![CDATA[Customers]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[Goals]]></category>
		<category><![CDATA[Growth]]></category>
		<category><![CDATA[Referrals]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[Strategy]]></category>

		<guid isPermaLink="false">http://ceoconsultant.com/business/plan-out-your-3-year-vision-for-attracting-clients/</guid>
		<description><![CDATA[In practice building (and getting clients) it seems to be
that most self-employed people just hope for the best. They
simply keep doing what they&#8217;ve been doing and don&#8217;t have a
strategy for creating the practice they&#8217;d be truly and
deeply happy with. This is a big mistake in my opinion.
I used to write down my goals each year, [...]]]></description>
			<content:encoded><![CDATA[<p>In practice building (and getting clients) it seems to be<br />
that most self-employed people just hope for the best. They<br />
simply keep doing what they&#8217;ve been doing and don&#8217;t have a<br />
strategy for creating the practice they&#8217;d be truly and<br />
deeply happy with. This is a big mistake in my opinion.</p>
<p>I used to write down my goals each year, but it never<br />
really worked for me. I just didn&#8217;t feel really excited<br />
about my new goals. They didn&#8217;t seem to propel me in motion<br />
and so I kind of viewed them as being useless. I never<br />
really looked at them, probably because they seemed like<br />
&#8220;shoulds&#8221; rather than &#8220;really-meaningful-wants.&#8221;</p>
<p>Then I came across the concept of creating 3-year visions<br />
instead of just a list of goals for the upcoming year. This<br />
visioning wasn&#8217;t just about business goals, but also<br />
family, financial, spiritual, and relationship goals. It<br />
became a &#8220;holistic&#8221; way of looking at what you wanted in<br />
your life. All the pieces looked like they would work<br />
together, but only because you were compelled to make it<br />
all work together, which was the first time I&#8217;d done that<br />
in such depth.</p>
<p>The coolest thing about visioning 3 years out came to me<br />
after I started doing this regularly. I noticed that ONE<br />
year goals were never too much of a stretch. They seemed<br />
like timid goals, goals that didn&#8217;t really get me excited.<br />
But having to create a vision of what 3 years down the line<br />
would look like allowed me to REALLY think BIG.</p>
<p><span id="more-533"></span></p>
<p>Inhibitions dropped. My creative side started going and I<br />
really took time to see, &#8220;Hey, what WOULD I want my life to<br />
look like in 3 years, if I could have time to create it?&#8221;<br />
SHAZAM! I felt like I&#8217;d hit the jackpot.</p>
<p>The 3-year vision was a way for me to create something to<br />
strive for that REALLY spoke to me. Something that made my<br />
heart beat a little faster after I read it, excited to get<br />
going, and just a little bit scared of the thought of me<br />
reaching it. Now THAT would propel me into motion the way a<br />
yearly list of goals wouldn&#8217;t be able to do. (By the way,<br />
my deep down secret is that I strive to reach these in 1 or<br />
2 years, not 3, and that&#8217;s usually what happens.)</p>
<p>So, each year, around this time, I create a 3-year vision<br />
of what I want my practice to look like. I write it in the<br />
present tense, as if it were 3 years later, that same day.<br />
For example, this past year I wrote mine on January 4, 2007<br />
as if it was January 4, 2010, and I talked about all the<br />
things that had happened since 2007. All the things I&#8217;d<br />
accomplished in my business, with my finances, my<br />
investments, my family, and myself over the &#8220;last 3 years,&#8221;<br />
which obviously hadn&#8217;t actually happened yet.</p>
<p>Such a cool exercise and it really gets the blood flowing<br />
when you read it back to yourself, now and over the year.</p>
<p>&#8220;When you can clearly see yourself being there, you can see<br />
much more clearly how to get there. You can imagine the<br />
path to your dreams, and then start to actually walk it.<br />
Play an active role in your own future. Imagine with<br />
passion and detail how you&#8217;d most like it to be.&#8221;<br />
—Ralph Marston, <a target="_blank" href="http://greatday.com/"><font color="#003399">http://greatday.com</font></a></p>
<p>You see, I&#8217;ve figured out that it&#8217;s not just about goals.<br />
Yes, goals are important, but the way I look at it, it&#8217;s<br />
about focusing on what you REALLY want for your life, not<br />
the &#8220;shoulds.&#8221; It&#8217;s also about putting into effect the Law<br />
of Attraction in a big way. When you know what you want for<br />
your life, when you can imagine it with passion and feel<br />
what it feels like to have it, it&#8217;s almost guaranteed to<br />
come to you.</p>
<p>So, this weekend, I&#8217;ll be taking a couple of hours to work<br />
on my own 3-year vision. I wouldn&#8217;t dream of not doing it.<br />
My success depends on it and it does for you too.</p>
<p>YOUR CLIENT ATTRACTION ASSIGNMENT:</p>
<p>Your turn. Sometime this week, create a 3-year vision dated<br />
January 4, 2011. Your 3-year vision must be one that will<br />
literally PULL you into your future, will scare you just a<br />
little bit, and make your heart beat a little faster than<br />
normal whenever you read this.</p>
<p>Make your 3-year vision very specific, realistic, and a big<br />
STRETCH (that&#8217;s what&#8217;s going to move you forward quicker<br />
than you would if you didn&#8217;t have it). If you&#8217;re right<br />
brained, use bullet points for categories such as business,<br />
finances, personal, family, spiritual, fun, health, etc. If<br />
you&#8217;re left-brained, then write freely, and remember to<br />
keep it all grounded in the specific, with lots of<br />
MEASURABLES and TANGIBLES thrown in there so you can keep<br />
track of your progress over the next 3 years (that&#8217;s what I<br />
do).</p>
<p>Be sure to write in the present tense as if it were 3 years<br />
from now&#8230; If it doesn&#8217;t scare you just a little bit or<br />
get your mind racing, then it&#8217;s probably not enough of a<br />
stretch. By the way, I just looked back to last year&#8217;s<br />
3-year vision and I was SHOCKED to see how many of the<br />
goals in my 3-year vision I&#8217;d already achieved in just a<br />
little over a year. This stuff really works!!</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<br />
Once you&#8217;ve done your 3-year vision and are ready to get<br />
marketing in a big way for 2008, invest in your success by<br />
getting yourself the Client Attraction Home Study<br />
System™. It&#8217;s all step-by-step, not a big mishmash of<br />
things. So, you do step one of the system, and when you&#8217;re<br />
done with that, you move on to step two, and so on.   You<br />
can get it at <a target="_blank" href="http://www.theclientattractionsystem.com/"><font color="#003399">http://www.TheClientAttractionSystem.com</font></a> .</p>
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		<title>5 Ways to Quickly Improve Cash Flow</title>
		<link>http://www.ceoconsultant.com/business/5-ways-to-quickly-improve-cash-flow/</link>
		<comments>http://www.ceoconsultant.com/business/5-ways-to-quickly-improve-cash-flow/#comments</comments>
		<pubDate>Wed, 08 Aug 2007 18:02:19 +0000</pubDate>
		<dc:creator>Business Article</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[Growth]]></category>
		<category><![CDATA[Management]]></category>

		<guid isPermaLink="false">http://ceoconsultant.com/business/5-ways-to-quickly-improve-cash-flow/</guid>
		<description><![CDATA[Copyright (c) 2007 George Sierchio www.actionbusinesspartners.com
Below are 5 quick ways to slow down the leaks in the money leaving your company so the money coming in can catch up
Bill Promptly. Ever find yourself so busy building your business and making deadlines that you don&#8217;t get around to billing on a regular basis? You&#8217;re not alone. [...]]]></description>
			<content:encoded><![CDATA[<p>Copyright (c) 2007 George Sierchio <a href="http://www.actionbusinesspartners.com">www.actionbusinesspartners.com</a></p>
<p>Below are 5 quick ways to slow down the leaks in the money leaving your company so the money coming in can catch up</p>
<p>Bill Promptly. Ever find yourself so busy building your business and making deadlines that you don&#8217;t get around to billing on a regular basis? You&#8217;re not alone. In a consulting business I once owned, I often got so busy that every once in a while I forgot to have the invoices sent out until I realized I wouldn’t have the money for the next payroll. Seems like a stupid mistake, but it’s something that happens.</p>
<p>If you don&#8217;t already have a system in place, start (or assign an employee to start) billing for projects on a regular basis. When taking on longer-term projects or clients, negotiate in advance for regular payments based on time or upon reaching milestones instead of allowing the amount due to build up until completion of a contract.</p>
<p>Create Incentives for Faster Payments. Small businesses can sometimes significantly cut the time spent waiting for payment by offering a discount for quick payment. I have used this technique when necessary and have also been asked by customers if I offered that type of discount.</p>
<p>Basically I offered discounts of 1% or 2% for payment within 10 days. It is good for your bottom line and good for the business&#8217;s cash flow, too. The real bonus is that the customer thinks you are doing them a favor whether they choose to make the early payment or not.</p>
<p>Avoid Slow Pay/No Pay Customers- The best way to avoid cash flow problems because of customers or businesses not paying you is to weed out those slow pays/no pays before they become clients. So if someone is about to become a significant client or customer, do your homework.</p>
<p>Ask for, and check out, credit references. Call other businesses that have had a relationship with the client. You might even pay for a credit check from an organization such as Experian or Dun &amp; Bradstreet.</p>
<p>Consider Consolidating Your Loans. I know it&#8217;s often tough for small businesses to borrow money. It’s also surprising how some small businesses manage to get multiple loans.</p>
<p>If you have several loans related to your business, review the rates and terms on each one. You may be able to consolidate two or more loans into a lower-interest account and improve your cash flow.</p>
<p>Trim Your Inventory. If you can&#8217;t go to a &#8220;just-in-time&#8221; inventory management system like many manufacturers have adopted then how about &#8220;just-in-less-time&#8221;? Money spent on over stocked inventory is money that isn&#8217;t producing any interest or savings for you.</p>
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		<title>8 BIG Small Business Mistakes</title>
		<link>http://www.ceoconsultant.com/business/8-big-small-business-mistakes/</link>
		<comments>http://www.ceoconsultant.com/business/8-big-small-business-mistakes/#comments</comments>
		<pubDate>Wed, 08 Aug 2007 17:57:59 +0000</pubDate>
		<dc:creator>Business Article</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[Growth]]></category>

		<guid isPermaLink="false">http://ceoconsultant.com/business/8-big-small-business-mistakes/</guid>
		<description><![CDATA[Copyright (c) 2007 George Sierchio  www.actionbusinesspartners.com
Here’s an interesting notion:  Do you realize that there are mistakes you can make at various stages of your business’ growth that can be slowly killing it for months or even years if you don’t watch for them?
Well, these mistakes do exist and they are not just reserved [...]]]></description>
			<content:encoded><![CDATA[<p>Copyright (c) 2007 George Sierchio  <a href="http://www.actionbusinesspartners.com">www.actionbusinesspartners.com</a></p>
<p>Here’s an interesting notion:  Do you realize that there are mistakes you can make at various stages of your business’ growth that can be slowly killing it for months or even years if you don’t watch for them?</p>
<p>Well, these mistakes do exist and they are not just reserved for the rookie companies.  Many working businesses, including those you might think are “successful” because they’ve been around for 10+ years, are often still making them… and are possibly losing a lot of money and/or wasting a lot of time in the process.</p>
<p>Although some of these big and sneaky mistakes seem aimed more at service type companies, they really do fit the bill for almost any type of industry.  I’ve done my best with the listings below to give examples to prove it.</p>
<p><strong>Underestimating Project/Service Time-</strong> This is a big one and it pertains to service companies as well as companies that sell a product. This is a service company’s bread and butter.</p>
<p>If you don’t estimate your time to perform each and every service in your repertoire, you will get burned and there is little you can do about it but bite the bullet and learn from it.  The best way to estimate time is to do it once yourself or watch your best employee do the task and then throw in a little fudge factor on top of it. For product companies, time becomes an issue with logistics so be aware!</p>
<p><strong>Not Knowing YOUR Company Numbers/Incorrectly Setting Prices-</strong> Notice I emphasized the word “your”. It’s a common mistake to use a competitor’s as your pricing gauge without actually knowing why they use those numbers.  Think about the nightmare you will get yourself into if you take a competitor’s price, cut it by 10% and then start selling.</p>
<p>What if the competition has a bad pricing structure and is barely making money or even losing money?!?!  What if your costs are more than theirs?!?!  You can use competitor as a starting point but you can’t base your whole strategy on it.</p>
<p>Different industries have their own variables as far as costs go and you need to be aware of them for your project or product pricing.  What you pay for a product you are going to sell is not the only cost to have in your head when you are pricing products.  How much your labor and materials cost for a service is only a piece of an hourly rate.  Employees cost more than just salary and not every employee is part of your labor cost.</p>
<p>Every company has insurance to pay for. There are tons of overhead expenditures that need to be part of your price. Oh, by the way, the big one that many people forget about in their price is the quality factor. What you include as “standard services” or “standard product features” as well as job site etiquette or in store service or warranties all need to go into your pricing. I’ll get to more on why in the next segment.</p>
<p><strong>Not Charging for All of Your Time &amp; Costs-</strong> This seems like a stupid statement to some but I bet most business owners will admit that they have given away a little too much of the farm at times. Hey, there is nothing wrong with giving a little extra here and there to show you care. But either way, that’s not what I’m talking about here.</p>
<p>What concerns me are those that put a lot of quality into their work or products or stores and do not cover the cost for it. As an example, say you run a service company and your competitors don’t do a certain standard service that you do. You can’t just undercut their price to steal a job; you need to have that cost covered in your rate and advertise the fact that it comes with the price upfront. Stores undermine themselves, for example, when they put more people on the floor for customer service but don’t charge for it.</p>
<p>These things cost you money and when your competitors don’t do them it costs them less money.  Put out better service and then under price them, and your competition just has to wait a little bit for you to fall on your face so they can swoop back in.</p>
<p>As a business owner you need to believe that you are providing your clients worthwhile wares that deserve to be paid for. If you get the chance to explain why your prices are higher, then take that opportunity and do it.  If they don’t like the fact that you include things that others charge extra for later or that you treat them better, then they are most likely completely price shoppers.  You don’t want them as regular customers anyway.  Trust me.</p>
<p><strong>Not Getting Paid Fast Enough-</strong> That’s right, the old cash flow issue.  As long as you are actually making enough money to pay the bills, this problem can be solved, prevented or at least made to be not as bad as it could be.  Here’s the deal:</p>
<p>First off all, bill customers very promptly. It is very common for a small business to not have the procedures or systems in place to get invoices generated and out the door in a timely fashion (see the next segment for more).</p>
<p>Again, this would seem unlikely since that’s the reason why we are doing the work- to get paid. But it is very easy for the people responsible for getting this info to the billing people to be too busy to get it there or not have enough organization to give it to them the right way.</p>
<p>The second part to slowing down or stopping a regular cash flow crunch is to make the quickest payment deals possible with customers and the slowest possible with vendors and employees.  If there is any way not to pay employees any more than twice a month, you better do it.  Contractors always have an issue with this.</p>
<p>If you must pay weekly, then tell them before they are hired that they will be getting the first week held back, essentially buying you a week. It will help, I promise.</p>
<p>Part three involves credit. If your company can get a credit card, then get it. This allows for certain important things to be bought (that you can afford) that might come up during a cash flow crunch.</p>
<p>Better yet, especially if you have no choice but to deal with 45+ day customer payments, do your best to get a company line of credit.  This is a must if you plan on selling to the government or doing commercial service work. These clients often have 60 to 90 day wait periods.</p>
<p><strong>Failure to Have Solid Systems and Procedures in Place-</strong> Too many procedures (known as “red tape”) is the reason why many people start their own business in the first place. Unfortunately, having no procedures and systems in place at all is not an alternative. Depending on the type of industry, business owners must come to a happy medium or chaos and the unknown will ensue.</p>
<p>Some basic examples where procedures or systems are needed include billing, collections, payroll, hr (interviewing, hiring, vacations, benefits, job responsibilities, etc.), manufacturing, operating equipment, maintaining equipment, inventory, sales calls/visits and logistics to name a few.</p>
<p>Even a one person show needs to have some admin procedures in place.  This will make it easier to hire temps and subcontractors and control what they are doing for you.  Without at least a watered down version of a system or procedure to do everyday work, you will be to blame for causing many major headaches as your company grows.</p>
<p>I can’t emphasize how important this is for when you bring on new employees. I’m sure you heard this before, but I am also a big proponent of having an employee handbook even for one employee. It’s amazing the trouble people can cause business owners just because they allow you to pay them.</p>
<p><strong>Spending Advertising Money Just to Say You Advertise-</strong>  I would almost rather see my clients not advertise then to spend without regard to tracking the results. There is no point in a marketing campaign if you do not put things in place that allow you to measure how well the plan is working.</p>
<p>The other wasteful part of marketing that many people make the mistake of doing, is not tracking their previously successful campaigns.  Why some people think that just because a $400 dollar a month ad worked once very well for one busy season, that it will automatically work every year after that is beyond me.</p>
<p><strong>Spreading Yourself Too Thin-</strong> This is a classic mistake made by every entrepreneur. The key is to figure out when you are at that “wearing too many hats” point and start getting some help.  The solution here is to know your strengths and to be able see when you are not performing the duties that demand these skills.</p>
<p>If you are the best sales person on the company, you can’t get caught up in day-to-day operations. If you do, sales will slip and eventually you won’t have any operations to worry about.  Think about this to help you figure out if you are spread too thin: Did you really go into business for yourself to work 80+ hours a week?</p>
<p><strong>Not Getting Help Soon Enough-</strong> Set goals to know when to hire people to take over where you are light on knowledge. Not getting help or waiting too long can kill a company. Most people who start a business do it because they are good at the technical end or the sales end.</p>
<p>If you know the best way to make a widget, then your strength is in production and that is where your time should be spent. Hire an outside company or consultant to take care of the sales and marketing and then hire inside when you can afford someone full time.  Don’t be something to your company that you are not. It will only hold you back.</p>
<p>The three big issues people like to tackle themselves but usually are least knowledgeable about are legal issues, accounting/bookkeeping issues and daily operations issues.  The odds are that these three things are your weakest link so if you don’t have a partner that has the background for these subjects, then be prepared to get help as soon as possible.  It’s preferable that you do this before you start a business.</p>
<p>Although looking for these problems at any time is a good idea, the end of a year or season is an excellent business interval to make sure you are not making these errors.  Take the time, or make the time, to fix these problems. If you don’t know how to reverse the problems, then get some help.  If you really don’t have enough time to either figure out if you have these issues or know they are there and can’t break away long enough to do it right, then get some help.</p>
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		<title>Tapping Into the Power of a Mastermind Group</title>
		<link>http://www.ceoconsultant.com/business/tapping-into-the-power-of-a-mastermind-group/</link>
		<comments>http://www.ceoconsultant.com/business/tapping-into-the-power-of-a-mastermind-group/#comments</comments>
		<pubDate>Fri, 06 Jul 2007 13:19:16 +0000</pubDate>
		<dc:creator>Business Article</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Growth]]></category>
		<category><![CDATA[Networking]]></category>

		<guid isPermaLink="false">http://ceoconsultant.com/business/tapping-into-the-power-of-a-mastermind-group/</guid>
		<description><![CDATA[You&#8217;ve probably heard the old expression, the whole is
greater than the sum of its parts. This concept proves
itself over and over with the exponential power of the
Mastermind Group. The idea of a mastermind collective was
formally coined in Napoleon Hill&#8217;s classic book, &#8220;Think and
Grow Rich.&#8221; Hill wrote, &#8220;No two minds ever come together
without thereby creating a [...]]]></description>
			<content:encoded><![CDATA[<p>You&#8217;ve probably heard the old expression, the whole is<br />
greater than the sum of its parts. This concept proves<br />
itself over and over with the exponential power of the<br />
Mastermind Group. The idea of a mastermind collective was<br />
formally coined in Napoleon Hill&#8217;s classic book, &#8220;Think and<br />
Grow Rich.&#8221; Hill wrote, &#8220;No two minds ever come together<br />
without thereby creating a third, invisible intangible<br />
force, which may be likened to a third mind.&#8221;</p>
<p>Today, more and more people are harnessing the power of the<br />
Mastermind Group to help them think bigger. This concept<br />
can be applied to business, social causes, politics,<br />
relationships, health, and artistic endeavors. Combining<br />
the abilities of multiple individuals to solve problems,<br />
brainstorm ideas, seek solutions, and develop strategies<br />
creates greater results than going it alone as a &#8220;lone<br />
ranger.&#8221;</p>
<p>The size of a Mastermind can range from two to eight<br />
members. Any more than that can get chaotic. The group can<br />
meet in person if they are in a similar geographic<br />
location. Or if the Masterminders live in different states<br />
or countries, they can also meet via a bridge line. The<br />
members of the group make a commitment to show up regularly<br />
and to contribute to each others&#8217; success.</p>
<p>The types of groups can be as varied as your imagination.<br />
However, compatibility is vital to the success of the<br />
group. Members should have similar interests and/or should<br />
be at a similar &#8220;level.&#8221; For example, participants can be<br />
in a similar area of business like realtors or life<br />
coaches. Or the group&#8217;s members can have a common goal like<br />
writing a book, building an Internet subscriber list, or<br />
losing 30 pounds.</p>
<p><span id="more-451"></span></p>
<p>In this way, stronger bonds are formed and the group<br />
creates win-win situations for all of its members. When<br />
selecting members, only invite participants who have a<br />
strong desire to succeed and a demonstrated ability to<br />
contribute. Your group will be the most successful when you<br />
have members who are passionate about Masterminding.</p>
<p>If you want to start your own Mastermind Group, here are<br />
some guidelines:</p>
<p>1) Define the purpose to the group: What will your<br />
objectives be when you meet? What do you want to accomplish<br />
together? For instance a Mastermind of college students<br />
could set a goal of academic excellence.</p>
<p>2) Decide on the groups&#8217; ground rules: What is acceptable?<br />
And how will the ground rules be enforced? One of the<br />
groups was extremely committed to attendance and promptness<br />
- we decided that if a person was late showing up for a<br />
call, he or she paid $1 per minute to your charity of<br />
choice. Miss the whole meeting and it was $60.</p>
<p>3) Determine the structure of the groups&#8217; time together:<br />
You can have an agenda and a facilitator. Or, you can<br />
rotate leadership. You can have freely-flowing<br />
conversation. You can also decide to have closely monitored<br />
time frames for each person to speak.</p>
<p>4) Plan the groups&#8217; logistics: Where, how often, and how<br />
long will you meet? When will your group start and when<br />
will it be completed? For instance, one of my Mastermind<br />
groups met every week for one hour for a period of four<br />
months.</p>
<p>5) State wants and needs: Mastermind groups can only reach<br />
their full potential if each member is willing to think big<br />
and ask powerful questions. At your meetings, each<br />
Mastermind group member can tell the group exactly what he<br />
or she wants &#8211; the member does not have to know how it will<br />
be accomplished. Case in point, a group member might start<br />
off &#8211; &#8220;This is Jane. I am facing a problem in my business<br />
[describe] and I need the group&#8217;s ideas on how to solve<br />
it.&#8221; Another group member might say, &#8220;This is Tyler. I want<br />
the group to help me develop a strategy to make me an<br />
additional $100,000 in my consulting business this year.&#8221;</p>
<p>6) Commit to contributing: Your Mastermind group&#8217;s success<br />
depends on you. Make a commitment to listen carefully, be<br />
present, show up on time, and fully support your fellow<br />
Masterminders. In this way, you exponentially increase the<br />
groups&#8217; synergy and other members will rise to your level<br />
of contribution.</p>
<p>Being a part of a successful Mastermind group is an<br />
enriching experience that will accelerate you<br />
professionally and personally in ways you can&#8217;t imagine.<br />
You don&#8217;t have to be a lone ranger and you don&#8217;t have to<br />
figure things out on your own. So, don&#8217;t wait to start or<br />
join one!</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<br />
Wendy Maynard of <a href="http://gomarketingmaven.com/" target="_blank"><span id="lw_1183727742_5"><font color="#003399">GoMarketingMaven.com</font></span></a> created the Maven<br />
Marketing System specifically for small business owners,<br />
coaches, consultants, and solo-preneurs. She also publishes<br />
a free weekly marketing ezine. Subscribe at<br />
<a href="http://www.gomarketingmaven.com/ezine_3.html" target="_blank"><span id="lw_1183727742_6"><font color="#003399">http://www.gomarketingmaven.com/ezine_3.html</font></span></a></p>
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		<title>Overcome Stalled Mind-Sets That Keep You from Accomplishing 20 Times More</title>
		<link>http://www.ceoconsultant.com/business/overcome-stalled-mind-sets-that-keep-you-from-accomplishing-20-times-more/</link>
		<comments>http://www.ceoconsultant.com/business/overcome-stalled-mind-sets-that-keep-you-from-accomplishing-20-times-more/#comments</comments>
		<pubDate>Wed, 06 Jun 2007 15:22:23 +0000</pubDate>
		<dc:creator>Business Article</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Business Thinking]]></category>
		<category><![CDATA[Growth]]></category>
		<category><![CDATA[Management]]></category>

		<guid isPermaLink="false">http://ceoconsultant.com/business/overcome-stalled-mind-sets-that-keep-you-from-accomplishing-20-times-more/</guid>
		<description><![CDATA[A mind-set is simply the way we organize our thinking,
whether consciously or unconsciously. Most of the time, we
act based on unconscious mind-sets that simply repeat what
we&#8217;ve done most recently. In a new situation where our
conscious mind is engaged, we may also repeat past behavior
because when faced with a new choice, we often search
through our alternatives [...]]]></description>
			<content:encoded><![CDATA[<p>A mind-set is simply the way we organize our thinking,<br />
whether consciously or unconsciously. Most of the time, we<br />
act based on unconscious mind-sets that simply repeat what<br />
we&#8217;ve done most recently. In a new situation where our<br />
conscious mind is engaged, we may also repeat past behavior<br />
because when faced with a new choice, we often search<br />
through our alternatives in a predictable pattern that<br />
includes some perspectives while ignoring many others.</p>
<p>Organizations develop their mind-sets through rules,<br />
processes, and rituals, as well as through the mind-sets of<br />
those who work in them. The fewer people who enter an<br />
organization, the more likely the organizational mind-set<br />
is to become fixed.</p>
<p>The Individual Stall Mind-Set</p>
<p>Are you awake, aware of, and working on what you want to<br />
accomplish â€¦ or are you usually daydreaming? It&#8217;s easy to<br />
spend most of your day with your conscious mind turned off<br />
while you endure your commute, struggle to stay awake<br />
during meetings, listen to long-winded people on the<br />
telephone, exercise, perform routine chores, and watch<br />
television. The focus for your whole mind starts in the<br />
conscious part of your brain. Keep that conscious focus<br />
turned off, and the whole brain runs on automatic<br />
instructions.</p>
<p>Overcoming that lethargy is pretty easy. Take these steps:</p>
<p>1. Create written goals for what&#8217;s important.</p>
<p>2. Read those goals aloud twice a day.</p>
<p>3. Write out plans to help you accomplish your goals.</p>
<p>4. Increase the number of hours a day when you are<br />
consciously working on those goals.</p>
<p>5. Tell others what you want to accomplish and ask for<br />
their help.</p>
<p>6. Check your progress daily against your goals to identify<br />
where you need toÂ  shift to doing something more effective.</p>
<p>7. Get help in looking for ways to improve in those lagging<br />
areas.</p>
<p>8. Put improvements in place as soon as you can.</p>
<p><span id="more-400"></span></p>
<p>Some people tell us they don&#8217;t have the time to add any new<br />
activities. We suggest you check out that belief. Write<br />
down everything you do and when over 24 hours a day for 14<br />
days. Add up elapsed time totals for each category (such as<br />
spiritual activities, sleeping, eating, commuting, various<br />
aspects of work, activities around home and in the<br />
community, exercise, and recreation). Then create an ideal<br />
time allocation for how you would like to spend your time.<br />
If you are like most people who do this exercise, you&#8217;ll<br />
find that you can shift 25 hours each week from what you do<br />
now into things you would like to be doing.</p>
<p>At this stage, some people are still confused about what to<br />
do. They don&#8217;t see a role model or example that seems to<br />
perfectly fit what they would like to be doing. Relax.<br />
That&#8217;s a good sign! It means that a lot of people are<br />
stalled in pursuing what you want to do. So there&#8217;s lots of<br />
untapped potential for you to grasp. Try selecting some<br />
ideas for improvement from one person&#8217;s example and other<br />
ideas from a different example. Put the combination<br />
together in a new way and try it out in a low-risk test.<br />
Many such tests won&#8217;t work, but the ones that do will cause<br />
you to zoom forward.</p>
<p>The Organizational Stall Mind-Set</p>
<p>Since the advent of military organizations, the goal of<br />
many groups has been to focus and direct each person&#8217;s<br />
attention to a narrow, predictable path. Since<br />
communication used to be almost impossible in large<br />
organizations, there was little choice but to try to do<br />
little in order to accomplish anything. Such groups are now<br />
called command-and-control-style organizations.</p>
<p>Today&#8217;s fast-changing world is filled with much better<br />
educated people and more ways to communicate, so<br />
organizations can aspire to be very responsive by having<br />
those who first notice a problem or opportunity move<br />
quickly to take appropriate action. This works better if<br />
each individual knows that this should be done and develops<br />
her or his ability to notice problems and opportunities and<br />
to take appropriate, timely action.</p>
<p>Too often, however, the habits of command and control are<br />
carried over intentionally or unintentionally into a<br />
free-form world that most closely resembles a fast-break<br />
opportunity in basketball. Here are some examples of<br />
progress barriers created by command-and-control stalls:</p>
<p>â€¢ Meetings that focus on permanently fixed agendas drive<br />
out time and initiative that could be used to work on more<br />
important, but unperceived, issues.</p>
<p>â€¢ Compensation systems that reward you for doing only part<br />
of your jobÂ Â Â Â  encourage you to ignore what else needs to<br />
be done.</p>
<p>â€¢ Lacking a focus on learning, many organizations spin<br />
their wheels byÂ Â Â Â Â  superficially reexamining areas that<br />
have been studied to death by predecessors.</p>
<p>â€¢ Rigid protocol often requires that you cannot speak<br />
directly with yourÂ Â Â Â Â  counterpart in another part of the<br />
organization, leaving your efforts isolated and<br />
ineffective.</p>
<p>â€¢ Decision makers live in isolated bunkers with lots of<br />
guards around to keepÂ Â Â Â  others away, leaving decisions in<br />
limbo.</p>
<p>Become a Stallbuster</p>
<p>You now have a better idea of what a stall is. You may<br />
doubt that human beings can change mind-sets and become<br />
vastly more productive in short periods of time. But such<br />
quick changes may be easier than you think. &#8220;Necessity is<br />
the mother of invention&#8221; is a motto that applies to<br />
successfully dealing with crises. A big challenge can also<br />
cause that motto to come to life.</p>
<p>Stallbusters</p>
<p>Be Aware of Your Habits</p>
<p>Most people are better at identifying others&#8217; habits than<br />
noticing their own. Ask others to tell you what habits they<br />
see in you. Then keep a diary to see which of those habits<br />
are done without much conscious thought. Next review what<br />
you have learned and think about the patterns. When would<br />
you have been better off changing the patterns?</p>
<p>Be Aware of Your Organization&#8217;s Habits</p>
<p>For the next week, write down everything that your<br />
organization does without much thought. Pay particular<br />
attention to how problems are addressed. Consider the<br />
habitual items on your list and ask yourself the following<br />
questions:</p>
<p>â€¢ Why are these things done?</p>
<p>â€¢ What is the benefit?</p>
<p>â€¢ When are these habits harmful?</p>
<p>â€¢ When might these habits stall progress?</p>
<p>â€¢ How should the habits be changed?</p>
<p>â€¢ Does the organization have an effective method for making<br />
the changes?</p>
<p>Be Aware of How the Habits of Others in Your Organization<br />
Affect You</p>
<p>Many ambitious employees soon begin to sound, look, and<br />
think like the CEO â€• down to the tiniest variation in<br />
cadence and phrase. The more you think about habits, the<br />
more you will notice them and create the needed<br />
adjustments. Answer the following questions to gain<br />
perspective:</p>
<p>â€¢ What habits do people in your company pick up from the<br />
CEO?</p>
<p>â€¢ What are the benefits?</p>
<p>â€¢ When are these habits harmful?</p>
<p>â€¢ When might these habits stall progress?</p>
<p>â€¢ How should these habits be changed?</p>
<p>It&#8217;s a good idea to repeat this investigation for other<br />
leaders who serve between the CEO and the bulk of those who<br />
work for the organization.</p>
<p>Be Aware of How Your Habits Affect Others in Your<br />
Organization</p>
<p>Habits can come from being with anyone. In fact, you are<br />
creating quite a few habits in others through your actions.<br />
Because you are the source, such habits will be easier to<br />
change than the others we describe in this section. To<br />
increase your awareness, ask yourself the following<br />
questions:</p>
<p>â€¢ What habits do people in your company pick up from you?</p>
<p>â€¢ What are the benefits?</p>
<p>â€¢ When are these habits harmful?</p>
<p>â€¢ When might these habits stall progress?</p>
<p>â€¢ How should these habits be changed?</p>
<p>Practice Soaring Like an Eagle</p>
<p>Most impassable barriers to progress occur only in the<br />
mind. In reality, there is usually a way around (over,<br />
through, or away from) the barriers that will work just<br />
fine. To improve in seeing past your habitual ways of<br />
thinking and acting, you need success in doing something<br />
that seems impossible. An example might be to sell more of<br />
your company&#8217;s products at a higher price with less<br />
marketing and to enjoy a higher profit margin. Pick such a<br />
business objective that&#8217;s way beyond what anyone thinks is<br />
possible and then address the following questions:</p>
<p>What would have to happen for this result to be possible?</p>
<p>If your organization had all of the resources and time in<br />
the world, could it beÂ Â Â Â Â  done?</p>
<p>How much would it be worth to accomplish this objective?</p>
<p>How much can your organization realistically afford to<br />
spend to reach theÂ Â Â Â Â  objective?</p>
<p>Do other people see this objective as being impossible, or,<br />
rather, do they see itÂ  as difficult or inconvenient?</p>
<p>Assuming for the moment that you could know how to reach<br />
the seeminglyÂ  impossible objective (such as sellingÂ  more<br />
of your company&#8217;s products at aÂ  higher price with less<br />
marketing while earning a higher profit margin), what is<br />
the answer to the seemingly impossible objective?</p>
<p>Copyright <span id="lw_1181143276_3" style="cursor: hand; border-bottom: #0066cc 1px dashed; height: 1em">2007 Donald W. Mitchell</span> All Rights Reserved</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<br />
Donald Mitchell is chairman of Mitchell and Company, a<br />
strategy and financial consulting firm in <span id="lw_1181143276_4" style="cursor: hand; border-bottom: #0066cc 1px dashed; height: 1em">Weston, MA</span>. He is<br />
coauthor of six books including The 2,000 Percent Squared<br />
Solution, The 2,000 Percent Solution, The Portable 2,000<br />
Percent Solution, and The 2,000 Percent Solution Workbook.<br />
You can read about his work on improving effectiveness at:<br />
<a href="http://www.2000percentsolution.com/" target="_blank"><span id="lw_1181143276_5"><font color="#003399">http://www.2000percentsolution.com</font></span></a> .</p>
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		<title>Beta Testing, Anyone? 10 Potent Strategies for Achieving Success</title>
		<link>http://www.ceoconsultant.com/business/beta-testing-anyone-10-potent-strategies-for-achieving-success/</link>
		<comments>http://www.ceoconsultant.com/business/beta-testing-anyone-10-potent-strategies-for-achieving-success/#comments</comments>
		<pubDate>Tue, 16 Jan 2007 17:38:20 +0000</pubDate>
		<dc:creator>Business Article</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Growth]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Strategy]]></category>

		<guid isPermaLink="false">http://ceoconsultant.com/business/beta-testing-anyone-10-potent-strategies-for-achieving-success/</guid>
		<description><![CDATA[Successful beta testing starts even before your system is
born! Does that idea sound strange? It&#8217;s not really that
odd when you think that beta testing is meant to involve a
methodical prove-in of a carefully designed system, such as
an electronic device, Web site, or automated tool. It&#8217;s not
meant to be a hit-or-miss,
cross-your-fingers-and-hope-everything&#8217;s-OK Band-Aid that
you can apply at [...]]]></description>
			<content:encoded><![CDATA[<p>Successful beta testing starts even before your system is<br />
born! Does that idea sound strange? It&#8217;s not really that<br />
odd when you think that beta testing is meant to involve a<br />
methodical prove-in of a carefully designed system, such as<br />
an electronic device, Web site, or automated tool. It&#8217;s not<br />
meant to be a hit-or-miss,<br />
cross-your-fingers-and-hope-everything&#8217;s-OK Band-Aid that<br />
you can apply at the last minute.</p>
<p>We&#8217;ve all seen examples of software programs &#8212; even from<br />
well-known, respectable software companies &#8212; that arrive<br />
on our desktops barely breathing. They seem to be full of<br />
bugs, and thereby cause us more grief than they help us<br />
carry out work. Or we try to use a Web site that looks<br />
great, but we can&#8217;t get from the shopping cart to the order<br />
page. Or we buy a new widget, yet even using the<br />
instruction booklet, we can&#8217;t jump from the main menu to<br />
the critical functions the way we&#8217;re supposed to.</p>
<p>Are you anxious to catapult your business into the ranks of<br />
companies that frustrate their customers this way?</p>
<p><span id="more-76"></span></p>
<p>Of course not! Therefore, I&#8217;m confident that you will do<br />
things differently.</p>
<p>That&#8217;s why testing involves such a systematic, tedious, yet<br />
indispensable sequence of activities. Without a method to<br />
the madness, you&#8217;re not doing anything more than randomly<br />
banging on the system to see if by chance you can find a<br />
way to break it. So, what do you need to know to properly<br />
estimate the effort, carry out the process, and keep the<br />
testers happy? Here are 10 strategies for achieving testing<br />
success.</p>
<p>1. Design test scenarios.</p>
<p>What&#8217;s a &#8220;test scenario&#8221;? Each test scenario should be<br />
mirror image of a &#8220;use scenario&#8221; that&#8217;s been guiding a team<br />
to design and develop the system. A use scenario describes<br />
one typical interaction a customer has with the system. For<br />
instance, for an automated teller machine, one scenario<br />
involves a customer inserting a card in order to withdraw<br />
some cash. In another scenario, a customer makes a deposit.<br />
In another, he or she checks the balance.</p>
<p>Scenarios must represent any plausible ways in which users<br />
could interact with the system, including unusual and<br />
unintended actions. So both use scenarios and test<br />
scenarios should account for possible error conditions such<br />
as jammed cards, cancelled transactions, or overdrawn<br />
accounts.</p>
<p>2. Write a test procedure.</p>
<p>A test procedure specifies how testers will exercise the<br />
test scenarios, including the order to follow. In the ATM<br />
example, it might say, &#8220;Test withdrawing cash denominations<br />
in this order: $20, $30, $50, $100. Run another test in<br />
reverse order: $100, $50, $30, $20. Then run several tests<br />
in random order.&#8221; It should also explain what results to<br />
expect in each case.</p>
<p>You&#8217;ll want the procedure to test all new system features<br />
or changes. You&#8217;ll also want the procedure to test features<br />
in various combinations. For example, you might specify 1)<br />
withdrawing cash, then 2) checking balance information, and<br />
then 3) making a deposit. Be sure to vary the order, and<br />
test error conditions.</p>
<p>3. Determine what data you need.</p>
<p>If your system stores values in a database, you&#8217;ll need to<br />
load some typical data to test the scenarios. In the ATM<br />
example, values would include account balances &#8212; for<br />
testing withdrawal limits and giving balance information.<br />
Create the sample data sets and pre-load the systems to be<br />
tested. Don&#8217;t forget to include extremely high and low<br />
values!</p>
<p>4. Plan specific roles for testers.</p>
<p>Schedule each tester to focus on specific test scenarios<br />
and related data sets. If there are enough testers, assign<br />
more than one to cover each test scenario. Each person will<br />
approach it differently.</p>
<p>5. Create a bug reporting system.</p>
<p>It could be designed as a form, a database, an e-mail<br />
message, or a combination. Have testers submit bug reports<br />
as they find errors in each round of testing.</p>
<p>6. Establish a test schedule.</p>
<p>The schedule should allow for several iterations of beta<br />
testing. Be sure to clear the schedules of testers for each<br />
round in which they will be participating.</p>
<p>7. Get all materials ready for testing.</p>
<p>The following items should be ready for the kickoff<br />
meeting: A new or updated system, lists or descriptions of<br />
any bugs fixed,Â  new or updated documentation, test<br />
scenarios and procedures, and so on.</p>
<p>8. Set a start date.</p>
<p>On the start date, hold a kickoff meeting! Also schedule<br />
progress checks. If testers find numerous bugs &#8212; or<br />
especially critical ones &#8212; before reaching a given<br />
checkpoint, stop testing, fix the bugs and/or<br />
documentation, and return to Step 1. Ask before restarting:<br />
Are new test scenarios or data sets needed?</p>
<p>9. Perform a new round of testing for each new test<br />
baseline.</p>
<p>This means starting the complete test from scratch after<br />
each round of fixes. You can&#8217;t sidestep this requirement,<br />
because each time something is fixed, it can &#8220;break&#8221;<br />
something else. Stop the cycles of testing only when no new<br />
bugs are evident.</p>
<p>10. Plan a reward for a job well done.</p>
<p>Testing is very tedious &#8212; so testers need a special<br />
incentive to keep them focused on the goal. Although<br />
they&#8217;re helping to produce a high-quality system, a<br />
post-testing party never hurts morale!</p>
<p>Thorough beta testing is essential for producing quality<br />
systems. If you discover errors you can&#8217;t fix in time, you<br />
could decide to release a system with known defects<br />
(documented in your &#8220;Read-me&#8221; notes). The stakes can be<br />
high, so weigh this option carefully before proceeding.</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<br />
Adele Sommers, Ph.D. is the creator of the &#8220;Straight Talk<br />
on Boosting Business Performance&#8221; success formula. To learn<br />
more about her tools and resources and sign up for other<br />
free tips like these, visit her site at<br />
<a href="http://learnshareprosper.com/" target="_blank"><font color="#003399">http://LearnShareProsper.com</font></a></p>
<p><!-- toctype = X-unknown --><!-- toctype = text --><!-- text --></p>
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		<title>New Year&#8217;s Resolutions, &#8220;The Word&#8221; and a Small Business Retreat</title>
		<link>http://www.ceoconsultant.com/business/new-years-resolutions-the-word-and-a-small-business-retreat/</link>
		<comments>http://www.ceoconsultant.com/business/new-years-resolutions-the-word-and-a-small-business-retreat/#comments</comments>
		<pubDate>Thu, 28 Dec 2006 12:11:38 +0000</pubDate>
		<dc:creator>Business Article</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Entrepreneur]]></category>
		<category><![CDATA[Growth]]></category>
		<category><![CDATA[Management]]></category>
		<category><![CDATA[Motivation]]></category>

		<guid isPermaLink="false">http://ceoconsultant.com/business/2006/12/28/new-years-resolutions-the-word-and-a-small-business-retreat/</guid>
		<description><![CDATA[Do you spend so much time working in your business that you
never work on your business?
The corporate world knows the value of taking time out for
a step back, taking time to assess what is going right,
what is going wrong and what just plain isn&#8217;t going
anywhere. As a business owner (or as one who dreams of
owning [...]]]></description>
			<content:encoded><![CDATA[<p>Do you spend so much time working in your business that you<br />
never work on your business?</p>
<p>The corporate world knows the value of taking time out for<br />
a step back, taking time to assess what is going right,<br />
what is going wrong and what just plain isn&#8217;t going<br />
anywhere. As a business owner (or as one who dreams of<br />
owning a business), it is critical to take time out to plan<br />
for the upcoming time period, be it a year, or even a<br />
long-term goal. Otherwise, how can you get where you want<br />
to be if you don&#8217;t know where that is? I usually plan two<br />
business retreats per year:</p>
<p>~ One in late summer &#8212; it&#8217;s late enough in the current<br />
year to have a good idea of how the year is progressing and<br />
yet still have enough time to make changes if necessary.</p>
<p><span id="more-11"></span></p>
<p>~ One over the holidays just before New Year&#8217;s &#8212; this<br />
saves me from also doing New Year&#8217;s resolutions.Â  <img src='http://www.ceoconsultant.com/business/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> </p>
<p>As part of my &#8220;New Year Retreat&#8221;, I pick one word around<br />
which to focus the year.Â  This makes it much easier to plan<br />
the year and every choice, every decision is first weighed<br />
against &#8220;the word&#8221;.Â  If the outcome furthers my journey in<br />
reaching the word, I do it.Â  If it doesn&#8217;t, I don&#8217;t.Â  Past<br />
words have included &#8220;freedom&#8221; (from a corporate job that<br />
sucked the life out of me), &#8220;stability&#8221; (financial,<br />
emotional, new business) and even &#8220;romance&#8221; (and now I have<br />
my darling hubby).</p>
<p>I centered my word for 2007 on some poster board, cut out<br />
pictures of what it represents to me and hung it up in my<br />
office.Â  I&#8217;m now ready to build my plan.</p>
<p>I take a few critical tools and go somewhere alone for a<br />
few days (or lock myself away in the house) where I can sit<br />
and reflect on my business as a business, its successes and<br />
opportunities. In order to have a successful business<br />
retreat:</p>
<p>1. Bring your financial records&#8230;in whatever form they<br />
exist. I use QuickBooks to track my finances â€“ it allows me<br />
to track my income and expenses by any number of categories<br />
and dates. With the click of a few buttons, I can tell when<br />
my peak times of year are, what products and services bring<br />
in the most income (and how that changes seasonally) and<br />
what my expenses are.</p>
<p>I used to figure out how much money I had (or would have<br />
based on an estimate) and then what to do with it.Â  No<br />
longer.Â  I now use the technique found in &#8220;How to Make<br />
Money as a Service Professional&#8221; to figure my billable time.</p>
<p>If your financial records are a mess, now is the time to<br />
straighten them out. If you can&#8217;t do it yourself, get help,<br />
this is one area that you can&#8217;t skip! You need to know<br />
where you are now in order to effectively plan for the<br />
future.Â  If you need assistance, check out the article on<br />
my blog on &#8220;How to Hire a Bookkeeper&#8221;.</p>
<p>2. Bring a calendar. Personally, I use a large<br />
write-on/wipe off wall calendar so I can see the whole year<br />
at a glance. This allows me to easily see what I&#8217;ve<br />
planned. I also use colored stickers to label different<br />
types of days: profit generating, business building,<br />
vacation and holidays. This allows me to know what&#8217;s<br />
planned on any given day. It&#8217;s not easy&#8230;it takes time and<br />
effort to know where I want to be 12 months from now, so I<br />
start with some basics.</p>
<p>* Holidays&#8230;I take the major ones off.</p>
<p>* Vacations&#8230;I am planning several long spa/yoga weekends<br />
and at least one week away with my hubby.</p>
<p>* Business Building&#8230;I&#8217;m meeting with my Mastermind group<br />
in Los Angeles in February and attending a Dan Kennedy<br />
seminar in October. There are a couple of other conferences<br />
I&#8217;m toying with and they will be tentatively marked on the<br />
calendar.</p>
<p>* Profit generating&#8230;these are the days that I&#8217;m working<br />
on activities that make money for my business: client<br />
coaching, online business management, etc.</p>
<p>3. Bring all those scraps of paper or notebook in which you<br />
wrote down ideas for your business and things that you want<br />
to do. Record them in one central place; I call mine my<br />
&#8220;Dream Notebook&#8221; â€“ it&#8217;s actually a sketching notebook with<br />
a gorgeous picture of the beach on the front cover. If you<br />
have a laptop, bring it. . .otherwise a notebook and<br />
calculator will do just fine. Use this list as the starting<br />
point of where you want to go, what you want to do and,<br />
equally important, what you don&#8217;t want to do in the<br />
upcoming year.</p>
<p>4. Break it down into small segments&#8230;after determining<br />
where I want my business to go over the next year (month,<br />
quarter, etc.), I break down the larger goals into<br />
quarterly objectives and then into monthly objectives, etc.<br />
This takes the &#8220;big picture&#8221; and makes it more manageable<br />
as I can get my arm around quarterly and monthly (and then<br />
weekly) objectives much easier than I can the entire year,<br />
and it won&#8217;t seem as daunting if you plan to take smaller<br />
steps toward a larger goal.</p>
<p>5. Relax and remember that you started your own business to<br />
do what you love, to focus on those things that bring you<br />
joy and also&#8230;to make money to allow you to continue to do<br />
the things you enjoy. Keep this in mind as you plan and<br />
remember to plan some time for yourself away from the<br />
business â€“ we all need this to keep things fresh and<br />
exciting!</p>
<p>It is critical that you take the time to plan what you want<br />
your business to be like. You don&#8217;t need to do something<br />
just because &#8220;you always do it&#8221; or because &#8220;you&#8217;re good at<br />
it&#8221; â€“ focus on those things that you enjoy doing!</p>
<p>You&#8217;ll be much happier and productive â€“ after all, you<br />
didn&#8217;t go into business for yourself to feel pressured or<br />
dislike what you&#8217;re doing!</p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;-<br />
Online Business Coach &#038; Entrepreneur, Sandra Martini<br />
teaches small business owners how to create more success in<br />
their business while maintaining their sanity and having<br />
fun. Sandra&#8217;s coaching programs are available via<br />
teleconferencing, emails and telephone calls. For more<br />
information and to receive the FREE special report, â€œ7<br />
Wealth-Building Secrets of Successful Entrepreneursâ€, go to<br />
<a href="http://www.online-biz-coach.com/" target="_blank"><font color="#003399">http://www.Online-Biz-Coach.com</font></a> .</p>
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