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Stop Wasting Your Time With Useless Meetings

There’s an image floating around Facebook of a coffee mug with the statement, “I survived another meeting that should have been an email.” This hilarious image rings with an element of truth–everyone has been subjected to meetings and conferences that accomplish very little. Statistics indicate that employees waste an average of 30 hours per month in useless meetings, which, in turn, result in lost revenue for the employer.

We’ve all been subjected to boring and unnecessarily long meetings, but it is possible to make these times productive and effective. Want to save money and respect the time and effort of your employees? Consider the following before you plan your next business meeting:

  1. Make a plan. Every meeting should have a clear agenda. Without a definitive plan, it is easier to get sidetracked. An agenda should be prepared and circulated to all who will attend the meeting well in advance.
  2. Limit technology. iPads, phones and powerpoint presentations are all beneficial, but in many cases, it can actually slow down your meeting agenda. You may be able to streamline your meetings by making your conference room a “device-free zone.”
  3. Keep meetings small. The larger the group, the harder it is to capture the attention of all participants. Smaller groups are easier to work with, less distracted and more likely to move through your meeting agenda in an efficient manner.
  4. Understand the purpose of the meeting. Ask yourself, “What is the point of this meeting?” If you simply want to update your employees or ask for feedback, it may be possible to send this information in an email. Emailing also provides the opportunity for employees to respond and express concerns privately, something that may not be possible in a large group meeting. 

Collaboration is a an important aspect of any business, but it requires a careful balance of time management and necessity. If you suspect that your employees are “meeting weary” or your meetings are not as effective as possible, try revamping your approach. Shorter meeting times, clear agendas and a focused approach are clear steps toward more efficient collaborative efforts. Instead of simply surviving meetings, make sure they are actually beneficial for the success of your business.

Defining Your Purpose Can Lead to Happiness in 2016

The holidays normally give most people the opportunity to sit and reflect on the past year, and, for some, this can lead to less than ideal realizations. When living outside one’s purpose, happiness is not always easy to come by, which can foster feelings of hopelessness and distress that so many people seem to experience this time of year. Instead of being resigned to the “same ole, same ole” and another year of dissatisfaction, take the time to figure out if you are truly living up to your purpose.

 

Are you happy?

While fulfilling your life’s purpose does not necessarily result in immediate happiness, it should definitely lead to future enjoyment. If your answer was “no,” take the time now to try and figure out exactly what your purpose is and then how to apply it to your life in the New Year. Here are a few tips and tricks for discovering your purpose:

 

  • Spend some time journaling and reflecting on your life. Focus on your current goals, wishes and wants.
  • Evaluate what would make you most happy and how to attain that feeling.
  • Consider your talents and expertise. Do you have a flair for business or service? What about creating or helping?

 

Once discovered, your purpose should act as a light guiding your path in life. After that purpose is unearthed, use it to define and shape any resolutions that you set during the New Year, and consider keeping a journal along the way. By the end of 2016, you should be able to reflect back and see the changes that your purpose has brought into your life.

5 Questions to Answer When Building a Startup Team

Serial entrepreneurs are often able to create successful businesses with maybe one or two other people on board. More in-depth or technologically advanced startups, however, typically require a cohesive team working together in order to pull everything off.

Anyone who has ever had to hire an employee or attract a business partner likely understands that this is more difficult than it might appear.

Ready to build an A+ team for your startup while avoiding lazy or impractical workers? Ask yourself these questions before you even begin to look at potential candidates:

  1. What positions need to be filled? This might seem obvious enough, but no one wants to scramble to fill a last-minute position, which is how you end up with vague or scattered job descriptions and less than ideal workers. Go over your business plan and make sure that you have a list of positions that addresses all aspect of the startup.
  2. Which positions are a priority, and which can wait? Chances are, a customer service representative may not be needed at the very beginning of development. Try to focus on the positions that will get the startup ready to launch in the most efficient and effective way possible.
  3. Could contractors or freelancers be helpful? This is an important question that can ultimately impact employer liability, taxes and, in the future, health care or workers’ compensation coverage. Check growth projections before coming to any definitive conclusions.
  4. Should I network more for a better pool of candidates? Chances are that any good entrepreneur has already started the networking process, but a little extra push at conferences and utilizing social networks like LinkedIn can create a larger and more diverse pool of candidates from which to choose. While a larger number of applicants can seem overwhelming, it can also increase the chances of finding the most qualified candidates.
  5. Is working with friends and family a good idea? It can be tempting to promise a position or partnership to a good friend or family member, but it could be far from being the best move. Unless that person is easily the most-qualified individual for the position, it is often best to leave business and one’s personal life separate.

Building a team with only yourself as the foundation can be an understandably daunting task, but that makes it even more important to stick to the plan and avoid taking shortcuts in the process. Keep your answers to the above questions in mind when looking at candidates and watch your team slowly begin to accumulate the best members possible.

Leveraging Obstacles For Your Success

Running a small business is not a simple journey. It would be nice if people could simply follow a particular set of instructions and end up with automatic business success, but it is just not that easy. The road to success is fraught with roadblocks, failed strategies, bad deals and other obstacles. While the setbacks can be frustrating, smart business owners use these obstacles and leverage them for growth.

If you are a small business owner, it’s inevitable–you are going to face roadblocks. The important thing is to utilize these situations wisely by doing the following:

  1. Careful evaluation: What problem are you facing? If you can identify the root of the problem, it is possible to ensure that it never happens again. Instead of the “sky is falling” approach, methodically chip away at the situation until you have clear answers. Think first, panic later.
  2. Remain calm, find better solutions: Panic is a poor problem solver. If you overreact the moment a problem arises and quickly lay down a new strategy, it can ultimately result in more issues. Instead, do what you need to do to handle the issue at hand and commit to finding a permanent solution later. A calm mental state can help you generate better solutions.
  3. Fix it!: There are a thousand possible solutions to any given problem. The key is to find the right one. Once you have identified the right approach, fix the problem right away. Do not delay in laying down protections for yourself and your business. The right solution may result in implementing a new strategy or stepping outside of your comfort zone, but growth may be initially accompanied by pain.

Do not be surprised by obstacles. Instead, embrace the potential that these situations have to propel you forward. What are the obstacles that are standing in the way of you and your company? Don’t run from them–face them head on and use them for your future success.

Creating Wealth with 4 Tools You Already Have

Creating and growing wealth is a goal that countless people have, but only a few ever seem to really achieve. Is there some master secret that these successful individuals are hiding? Actually, no. As it turns out, nearly every person who aims for wealth has the tools necessary to begin the process.

In order to keep wealth from stalling out and in a continual state of growth, try the following tips to get back on track:

Start thinking wealthy. Mindset is an enormous aspect of reaching any goal, and creating wealth is no exception. Shift your thinking from scrimping and saving to investing, and use it to create opportunities.

Network your way in. Networking is for more than just business opportunities. Making friends and acquaintances among the wealthy can help reveal some of the best investments and opportunities in a timely manner. On top of that, spending time with other wealthy individuals can help keep your mindset on track.

Quit the blame game. If an investment, business decision or other opportunity did not come to fruition as planned, take responsibility and learn from the mistake. Pushing blame onto others prevents any real learning about what works and what does not when it comes to creating wealth.

Make it a priority. The accumulation of wealth does not start after the business is secure, a portfolio is complete or a new product is launched — it begins as soon as someone decides that attaining wealth is the end goal.

 

Ultimately, no single action, plan or secret can bring about any type of real wealth. Using a variety of tools that most people already possess can be the easiest and most effective strategy toward meeting the goal of creating personal wealth.

How One Man Capitalized on the Self-Publishing Boom

The self-publishing boom might have started with Amazon, but at least one strategic entrepreneur has also been able to capitalize on the ease of creating and selling new books that its boom created. Tom Libelt, a master of time management, has created his wealth by publishing anywhere from 125 to 300 books every single month. Those hundreds of monthly books come from just three hours of Libelt’s time every week.

How exactly does he do it? Libelt has created an excellent team that does most of the brunt work when it comes to the books, all of which he requires to be of high quality and actually useful to consumers. That means that none of the 7 to 14 people working below him can throw together a few pages and call it a how-to guide.

Libelt’s process is both straightforward and brilliant. He focuses those three or four weekly hours on creating new and innovative titles for the publishing company, and then his workers pick up where he leaves off. The books, mostly non-fiction, can end up as long as 150 pages, but average closer to between 30 and 90, and are comprehensive for whatever subject they cover.

Compared to the previous nearly $80 per book production cost, Libelt spends a one-time production cost of approximately $7.50 on any given ebook and then offers each book at anywhere from $3.99 to $4.99, although more involved titles might fetch as much as $7.99. In a world filled with easy publishing and some writers willing to take short-cuts in quality, Libelt certainly stands out as the perfect intersection between innovation and quality products.

Affiliate Marketing: The Answer to 2016 New Year’s Resolutions

With an ever-increasing number of Internet surfers using ad blocking software, affiliate marketing is perhaps more important than ever. Now, affiliate marketing is excelling where traditional forms of Internet advertising are falling short.

As Christmas rapidly approaches and the holidays begin to wrap up, entrepreneurs and business owners all tend to look toward new starts and resolutions. For some, affiliate marketing can be the solution to those New Year’s urges to strike out into something new.

What makes affiliate marketing so great? The following is a good place to find out:

 

Specialize in an interest while creating content, not products.

Business savvy can arise in a number of ways. Where some individuals might be more inclined to build a booming business, others thrive better in a different environment. Affiliate marketers can test out products they love and create new, original content and reviews. Focusing on a certain niche of products also helps establish certain affiliate marketers as experts in the blogging industry, lending more credibility to future posts.

 

Create influence through social media.

Social media created perhaps one of the biggest changes in how most people receive their information. No more waiting for the daily paper or evening news, most information now comes through clicks on sites like Facebook or Twitter. The most successful affiliate marketers create content not only for affiliate links, but to also provide credible value to readers. Sharing these articles and blogs on social media can start a trend or go viral in the blink of an eye and bring more attention to a blog or website.

 

Pick and choose affiliate programs, not the other way around.

No one likes having to sit through job interviews, which typically come with high amounts of stress and anxiety. Affiliate marketing, instead, relies on reliable and hard-working individuals signing up for various programs that most excite them. No more sending out applications and keeping fingers crossed for a call back — choose your programs and start creating content.

 

While there really is no time like the present, making plans to start fresh in the New Year is a time-honored tradition on which many people choose to embark. Ready to shake things up in 2016? With trends continuing, affiliate marketing is a safe bet for the New Year.

Maximize Opportunities During The Holidays

For many professions, the holiday season means slower demand. Unless you own a retail establishment of some kind, you may be concerned that the downtime at the end of the year could have a negative impact on your small business. Instead of simply accepting what seems like an inevitable downturn in your business, it is useful to explore how you may be able to maximize certain opportunities that are only available at a particular time of year.

If you own a service business that does not sell something that can be wrapped in pretty wrapping paper, it is important to position your business to succeed during a time when consumers may not be paying attention. Service business are unique in that they may not sell a physical product, but the holiday season is about so much more than material things–and your business can capitalize on that sentiment.

Does your business offer a service that can help people deal with the holiday season? From lawn upkeep to personal shopping, busy people are looking for relief from their hectic schedules. By running specials on these relevant services, you can attract the attention of people who can benefit from your business.

The holidays are packed with parties, family dinners, shopping and other commitments. During this time of year, your marketing strategy should communicate that your services will make the holidays easier. Your customers want to spend more time with family, and your business can help them do that.

It is also important, overall, to embrace the positive nature of the holiday season. Encourage employees to express their well wishes to customers and make sure you post things on social media that spread good cheer. Even if your service business does not have a direct tie-in to the Christmas season, a festive and positive company attitude can be a step toward attracting new customers.