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Posts Tagged ‘Strategies’

Strategies for Survival in Tough Times

Friday, August 13th, 2010

Work on your energy! In times of stress and anxiety, it’s even more critical to eat right, exercise, and get the proper amount of sleep (generally 6-8 hours a night). By taking care of yourself properly you maximize your ability to be highly productive throughout the day – every day. Know how to avoid that mid-afternoon “crash”? Eat 5-6 smaller meals a day instead of the typical 2-3 large meals a day.

This is a nice lead-in to my second strategy for success in tough times. Don’t be too hard on yourself or on others. Each one of us is doing the best we can given where we are, what we have to work with, and what we’re going through at the time. Most of us make mistakes. Most of us could do things “better”. Most of us are feeling the pressure of the world right now. So strive to be more understanding of others. And as hard as it can sometimes be, cut yourself some slack. Staying positive and solution-focused will always produce better results than beating up on yourself, and focusing on mistakes and weaknesses.

Once your attitude and energy levels are good (physical, emotional, mental & inspirational), then you need work on the next success strategy – building relationships with current clients, prospects, and centers of influence. (If you try to do this while your attitude and energy levels are low, you’ll only succeed in driving people off at a faster pace.) Especially in difficult times, you can’t “hard-sell” people. You can only set things up so that when someone decides to buy, they buy from you.

The key to finding prospects, getting referrals, and making sales in challenging times is relationship building. Make a greater effort to stay in touch with people. Find ways to add more value to existing clients and take an interest in them. It will not only create “brand” loyalty to you, but will encourage the flow of referrals to you.

Don’t “hunker down” in your office. Get out and meet people. Meet people in coffee shops, in elevators, at networking events and at parties. Start a practice of taking your Centers of Influence to lunch on a regular basis. While it’s true that the economy is challenging right now and people are uncertain about their future, it’s still just as true that life goes on. People still buy things, do things, sell things, go places and want to enjoy their lives. It’s up to us to be available to people, build relationships, and offer solutions. If your focus is simply to “sell” things, you’ll find it to be a long, hard, frustrating effort. Invest in systems that “touch” people. Systems that help you stay in people’s minds. Systems that let folks know you’re thinking of them. (Obviously, the more automated your system is the better, but you have to be willing to do whatever it takes to succeed.)

To sum things up, the best strategies for surviving (or maybe even thriving) in tough times are 1) not to take things too seriously, 2) attain and maintain a positive attitude, 3) eat, exercise and sleep for high productivity, 4) don’t be too hard on yourself and others, and 5) create sales through relationship building rather than by hard-selling. These, of course, are the best strategies for success all the time, but are especially important in challenging times when less effective solutions don’t work.

Written by Michael Beck, “Head Zookeeper” at http://www.ClientMonkey.com , a marketing strategies website dedicated to getting more clients, making more money, and having more fun!

Tips and Strategies to Setting Up Your Company

Sunday, April 4th, 2010

Once you’ve decided to start a business, you’ll need to decide whether to form your business as a separate legal entity, and if so, what that entity will be, and what are some of the other steps you’ll need to take to get up and running. This article is meant to be general business advice, though, so you should still obtain specific legal advice for your particular situation.

Sole Proprietorship. Single owner businesses sometimes choose to operate as a sole proprietorship. In this situation, the business essentially operates as an extension of the owner. The profits and losses of the businesses will be accounted for on the individual tax return of the owner. This form of business has the obvious advantage of simplicity in that there are no separate corporate or partnership formalities to be followed.

However, all liabilities of the business will also flow directly through to the business owner. This means, for example, that if a customer is injured on the business premises, or the business incurs debts beyond its ability to pay, then the personal assets of the business owner are legally available to satisfy those claims.

General Partnership. Two or more individuals who own a business may elect to form a General Partnership. In a general partnership, the general partners determine how they will share profits and losses of the business, and enter into a written partnership agreement documenting these shares. The profits and losses of the general partnership then flow to the tax returns of the individual partners in accordance with the ownership percentages that are set forth in the partnership agreement. The partnership itself is not subject to any separate income tax.

However, despite the agreement between the partners in how to share profits and losses, each and every partner is exposed to the full amount of all liabilities of the business. This means that a creditor or plaintiff can collect the full amount of any claim or judgment from any of the general partners.

Limited Partnership. The Limited Partnership form of business is similar to the General Partnership in that profits and losses are distributed to the partners and flow through to the tax returns of all partners in accordance with the percentages the partners determine in the partnership agreement.

However, some of the partners can be “limited” partners, meaning that they would not be subject to any personal liability for any of the debts or judgments against the partnership. There must be at least one general partner in the Limited Partnership, and this general partner will have unlimited personal liability. The general partner(s), but not the limited partner(s), will be responsible for management of the business.

Limited Liability Company. A Limited Liability Company (or “LLC”) is comprised of one or more “members.” The ownership percentages, profit and loss distributions, and voting powers of each LLC member are determined by an agreement between the parties, which is generally reduced to writing. When the LLC is formed, it elects whether to be taxed like a partnership with profits and losses flowing through to the owners’ tax returns (as discussed above), or taxed like a corporation (as discussed below). The members of the LLC are protected from the liabilities of the LLC.

Corporation. A corporation (perhaps the most well-known form of legal business organization) is owned by one or more “stockholders” and managed by a Board of Directors elected by the stockholders. The Board appoints officers who run the actual day-to-day business of the corporation. The stockholders, directors and officers of the company are generally protected from the liabilities of the company.

For tax purposes, there are two types of corporations: “C” Corporations and “S” Corporations. In a “C” corporation, the corporation is a separate tax entity, so the profits and losses of the corporation are taxed directly at the corporate level, and do not flow through to the tax returns of the stockholders. The “C” corporation may also be subject to a separate level of “franchise” tax at the state level. If the stockholders elect to be treated as an “S” corporation for tax purposes, then the corporation will be taxed as a partnership. This means that the profits and losses of the corporation will flow directly to the stockholders in accordance with their stock ownership.

There are also other differences between “C” corporations and “S” corporations, including the permissible number of stockholders for each.

How to Form.

In many situations, it will make the most sense to form your entity (if you decide to form a separate legal entity and not operate as a sole proprietorship) in the state in which you will primarily operate. Since partnerships, LLCs and corporations are separate legal entities, they can generally be formed in any state, regardless of where the business actually operates. However, organizing under the laws of the state in which you primarily operate will save you the cost and administrative burden of maintaining a “registered agent” in the state of formation.

The websites of many Secretaries of State contain a great deal of additional information on how to form in their state. In some cases, downloadable forms are available to assist, and sometimes entities can be formed directly through an online interface.

Other Considerations.

Depending on the type of business you’ll be operating, your state may require that you obtain and maintain certain additional licenses. Examples of these types of businesses can include daycare facilities, healthcare-related business, restaurants and catering businesses.

As your business grows, and you expand your operations into other states (including having employees in other states), you may need to “qualify” your business on those other states. This process is generally easier (and less costly) than forming the company, but you need to take care to do so correctly.

The Bottom Line.

As you start your business, make sure to take the time to consider how your choice in business form will affect your personal tax situation. Consider seeking professional legal and tax guidance so that you are comfortable making the correct decision based on your needs and concerns.

Jeremy Gislason is a leading expert on membership sites, marketing and online business. For more Business Strategies, Membership Site Software and Information visit: MemberSpeed.com

Top 10 Search Engine Optimization Strategies

Monday, March 22nd, 2010

Search Engine Optimization is a widely overlooked website strategy for many companies, groups and individuals. Attracting potential customers, recruits, and news media to your website and ensuring that, once there, they will find the content engaging and relevant, is a crucial strategy for ongoing success.

Most business strategies are based on ROI (Return on Investment) and measurable results. Therefore, we must have the ability to record our client’s target market activities, preferences, and purchasing habits. Here is a sampling of The Top 10 SEO Strategies for 2009:

1) KEYWORDS – Finding the Balance between Relevance and Popularity

Keywords are search terms used to find websites, and keyword research is inordinately time-consuming.

* Brainstorm with your team(s) to develop an active list of possibilities
* Research online services to confirm or upgrade your selections
* Websites include: Wordtracker, Google Keyword Tool, Google Webmaster, etc.
* Peruse your competitors’ websites to find their keywords

2) Hot Titles – Enticing More Readers

Attract readers, prospective visitors, and search tools with “unique” or “enticing” titles on all your website pages.

3) Visual Appeal – Creating Image-based Communications

Search engines like visually attractive and appealing websites. Visitors are also drawn more to modern and visually engaging websites, which would also lead them to spread the word about the website.

4) Content and Meta Descriptions – Selecting Quality vs Quantity

Quality of the website content surpasses the quantity of information.
As Meta Descriptions are limited in the size of their descriptions, ensure they are well written and customized for each page.

Read More Now At:
Top 10 Search Engine Optimization Strategies

5 Simple Strategies To Help Move You Closer To Your Goals

Sunday, February 21st, 2010

Organize Your Life A Little Bit Each Day

Do you have a feeling of despair at the mess in your home or office? Maybe you’re not even dealing with a mess; you might have things fairly tidy, but maybe you can’t find a single thing when you need it.

If this sounds familiar to you, you need to think about what a good organization strategy can do for your productivity. Being more organized will make your life easier as well as save you time at the end of the day. If you’re interested in organizing your life, little by little, think about these organization strategies:

1. Tidy a Little Bit Every Day

Many of us shudder when it comes to cleaning. If you think that you have to break out the brooms and mops and spend the whole day cleaning, then you’re in for a surprise. The truth is, by spending just ten or twenty minutes a day organizing your space, you’ll be making a huge difference.

Start with cleaning one area each day. This can be a deep cleaning or just a superficial cleaning but at least you’ll feel productive. Once this becomes a habit, you’ll finish your cleaning faster and have more free time everyday. If you need a visual, try making a checklist and posting it!

2. Everything Has Its Place

When you’re organizing your workspace or your living area, everything needs to have a place where it “lives.” For instance, scissors need to live in a specific box or drawer, as do other small things. If something doesn’t have a specific home, it will wander, get lost and generally add to the clutter that pervades your area.

Take some time to really consider your options when it comes to making sure that everything has a place on a permanent basis. Get a fun labeler to help you label specific containers. Have a color code system or get some really funky office organizers!

3. Reminders

Get yourself a professional journal or a daily planner and use it. Sometimes just the action of writing something down in a book can really help you remember where you need to be and when.

Other ways of reminding yourself of important events is to use post-it notes or an organizer on your cell phone. Experiment and use whatever method works best for you and your lifestyle.

4. Throw It Away

When you’re looking to de-clutter your workspace, make sure you throw away things that you no longer need. Everyday do a quick purge and get rid of things that pile up on your desk or kitchen counters. This will get you more space and give you a better idea of what is going on in general.

Daily mail and papers are the biggest clutter culprits. Be sure to throw away any junk right away and file away any important papers. The longer these things stay in a pile, the more likely they will get lost or forgotten.

Shred it. Actually, this is fun. It can give you a piece of mind as well knowing that your information isn’t just scattered everywhere on the planet!

5. Set Routines and Learn to Delegate Chores

Keeping a home organized and running smoothly can be difficult, especially if you have a large family. Establish set routines so certain tasks are completed everyday and assign large chores, like laundry, to a specific day of the week. This way you know exactly what chore has to be accomplished everyday.

Delegate chores to your spouse or children that are age appropriate. Dividing the work among many family members teaches everyone how to work together as a team.

No one expects you to go from clutter-bug to super-organized overnight. But by simply implementing a few of these tips into your life, you will re-discover what it’s like to be prepared and organized both in the workplace and at home.