Business and Money Tips

All businesses must have these 6 keys or they will not be successful and may just fail. The 8 keys are: Growth Mindset , not just meet the monthly cash payments. True entrepreneurs have a growth mindset which says, "Let's make this a 10 billion-dollar company", even though now the company is making only 1 billion dollar in sales now.  Passion for the Business . You have to love the business, your business products, your business partners and what your business stands for. Businesspeople run business to make money, while entrepreneurs run business because it their life's passion and they cannot don't do it! Look for New Opportunities . This means making waves and not becoming stagnant. Often the best opportunities come in the form of problems, and true entrepreneurs welcome problems. Like now the biggest problem is pollution, and true entrepreneurs sell products that make people healthier to cope with the pollution.  Have a Strong Why . Entrepreneurs do not...

As I learnt from Master Hsing Yun: A loser is one whose passion lasts only five minutes.  A winner is one whose passion lasts through the final five minutes. When it comes to business, many define making money as success and losing money as failure.  Scientists define success as proving a theory.  When Argentina lost the World Cup to Germany, some called Argentina losers as they believe that the winner takes it all and the loser stands to fall.  At least the above beliefs are still better than those who believe success of failure lies in geomancy, destiny, supernational power or some other people's bad intentions.  In reality the condition of achieving success or failure lies in us - whether we are fully competent or not.  The businessmen who does market research thoroughly has rich capital resources coupled with good opportunities will undoubtedly yield good profit.  A staff that is well trained who works diligently and passionately with a ...

As I learnt from my Coach today, to do well in business requires us to think differently, the 5 keys to do well in any business, big or small: Sales and Marketing are still the 2 most important functions of any business.  It is not how good your product or service is, but how good people think your product/service is.  How people think about (when they are not your client yet) is nothing but sales and marketing. Even referrals is a form of marketing, so is the commonly used advertising.   It's about Your Reach - who knows you.  Many times it is about who is in your database: and how you contact this database and turn them into goldmine (not landmine) Never give up on your goals and dreams: work on them, rest on them, but never give them up. For when a business has no dreams or goals, it is just a money making machine Perseverance is everything : don't strike while the iron is hot, strike until the iron is hot.  Rise above perturbation (extreme pressure...

To survive in today’s markets, you need to follow a new set of rules. Just like you have at some time or other fire your boss, isn’t it time that you fire your customers too? You’ll probably say, “Are you mad? How can I fire my customers, the people that bring me money?" Read on to find out why firing customers can give you 80% more business and 100% more happiness… There are 4 types of customers in this world; I call them A B C D: A – stands for Awesome , the best customers that anyone can find, people that give you high margins, advance payments, regular business and large deals. Everyone’s dream customer. B – stands for Basic – the basic customers that you have to keep you busy with normal profits and cash inflow. Everyone’s daily customers. C – stands for Can’t Deal With – the type of customers that ask for things to be done or delivered yesterday and when you ask for payment, it is always ‘tomorrow or next week’. You make almost zero profit and cashflow on them....

One: Make Sure You Add Value To know whether you add value in doing anything, ask yourself this question: is there a difference had I not done this ?  Not only must there be a difference, you must also do things differently. Like Apple's iPhone in 2007: not only do they make handphones, they also started a trend of no-keyboard. Two: Communicate Down and Up, Inside and Out Of course the most important communication is with yourself: what you say to yourself when you are all by yourself.  They call this self-talk, which is  thinking hard within yourself.    Of course you don't really need to verbalize and let people hear what you are saying to yourself! Three: Know How to Deliver Results This means you must have competency and commitment, for you need both to deliver, not just talk Four: Conduct Yourself and Your Business with Integrity To me integrity is defined as n ot taking anything that you are not given , including time, information, emotion...

To be meaningful, any change in life or in business has to be dramatic. Minor change is easy to accomplish but results in only minor differences. To increase the sales in your business by say 150% in three months will take massive changes in both your thinking and the way you do things. In order to HAVE anything in life we all recognise that we have to DO something to achieve it. If you want wealth you must invest. If you want love you must first give it. If you want respect you must earn it. No matter what you want, you need to DO in order to HAVE. But DOing is not the only thing you need to change in order to HAVE. You must BEcome the person who would have the things or persona that you desire. You must develop the identity, beliefs and values that the person who has those things has. We’ve all heard of the Lotto winner who, within three years, lost the several million he won. He didn’t become the “millionaire”. Let’s talk a bit about BEcoming. Everyone has an identity...