“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” Jack Welch, Chairman, General Electric. Without a strong, defined vision, most businesses usually fail because the challenges got too tough – the business fundamentals outweighed the ‘passion’ and drive. The vision therefore drives the company through […]
27 Vital Questions You Should Ask Before Buying A Business
I met the husband and wife owners of a small retail shop recently. The business was running at a $65,000 (approx) annual loss. They had purchased the business over 12 months ago and had been steadily losing money. I looked briefly at their books and realised they had paid too much for the business. On […]
Who’s On Your Team?
Every successful business has a good team. Notice how before the wealthy people make any decisions, they consult their team of professionals. No one person can be up-to-date with the latest knowledge in all fields. Some team members will be only required for a certain project, others will be needed on a regular basis. This […]
25 Things You Absolutely Must Do To go From Nothing To Self-Made Millionaire Within The Next 7 Years …
I came across this interesting article by Bob Bly about being successful in business. I have added my comments in bold italics (MarkF) THE 25 PRINCIPLES OF BUSINESS SUCCESS BY BOB BLY: Have a definition of success. Live below your means – with occasional exceptions. A good book to read about this is the Richest […]
Getting Things Done – Time Management Secrets
Once of the most common responses I get from business owners is about time – “How do I get time to work on my marketing?”, “How do I find time to systemise my business?”, “I just don’t have time to think about my strategic plans!” Thousands of books have been written on the subject of […]
Creating Wealth by Adding Value!
Make me rich! Everyone wants to be rich (or at least have a good disposable income). It’s human nature. Often this desire comes out of the ‘frustration’ of the daily grind (the rat race). Getting rich quickly is even more desirable, hence the search for the ‘holy grail’ of being able to create wealth the […]
Attitudes (Mindset) of Successful People
Most people have a desire to be rich or be successful, yet so few attain prosperity and great wealth. This is something that I have pondered for over twenty years. So, I had a close look at my mentors and other role models like Steve Jobs, Bill Gates, Donald Trump, Warren Buffett, Richard Branson, Anthony […]
Creating the Vision, Mission and Culture for Your Business
Step 1) Define the Vision What do I see as the key to the future for our organisation? What unique contribution should we be making in the future? What would make me excited about being a part of this organisation in the future? A vision statement is a company’s inspiration. A vision asks, “Toward what […]