10th October 2008

What is Your Plan?

These words of wisdom brought to you by the Millionaire Mind Support Network’s own Chris Sherrod — Chief Thinker of Abundance Unlimited…

After the worst bank failure of all time and quickly followed by the second, very little people would argue that we are not in a recession. Some even say the beginning of a depression.

Well, I’ve been thru them before and I’ve studied companies that have come out of a recession a winner. With crisis’ there is great opportunity.

So here is my top 10 list of the best strategies to do in a recession. These will keep you fresh and ahead of the pack. Innovation is the key to performance, growth and valuation.

1. Hire talent. Some companies are laying off really good people because they are simply getting rid of paychecks. Snatch these talented people up. Talent is the single most important variable in innovation.

2. Increase your risk. I know you think I’m crazy, but with many companies going out of business a business that is too conservation will join the masses and go out of business itself. Don’t be conservative. Fight your instinct to be conservation. Be bold or die.

3. Increase New Product Development. You need new products and services to grow. Don’t stop this. While other companies are stopping product development you’ll be coming out with cool new stuff and have a bigger share of the market. With fewer offerings in the marketplace you’ll attract more clients.

4. Increase your technology. Spend money on your business automation. Streamline your business operations with Information Technology. Social networking requires a larger conversation with your clients. Use Information Technology to get more done with less human resources. We can help you get the tools and processes to streamline your business. Give us a call at 1-210-775-2489.

5. Go global. Just because there is a recession where you live doesn’t mean that it is worldwide. Other markets are doing better. Emerging markets bring in new revenue, talent and business models. Get out there and spread yourself around the world. With technology today it is easy to be everywhere.

6. Innovation as key strategy. While other companies are replacing their key strategy of innovation with cost cutting, you will be innovating. It’s hard to turn back on innovation once growth returns so don’t do it. Keep innovation your key strategy. Changing investment strategies when the economy changes means the company is doing something fundamentally wrong.

7. Keep your performance metrics. Many companies change how they evaluate projects for risk during a recession. Keep your metrics the same. Changing them will increase risk-averse behavior and this is again hard to change back.

8. Go flat. Don’t change to a command management model. You need fast decisions making and you need your talent to feel included in the decision making process. Becoming a dictator will alienate everyone. Keep your company in a flat collaborative model where innovation can live.

9. Keep your growth oriented people. Don’t replace them with cost cutting people that will cut your company to shreds. Since most recessions last a short while the cost cutting people will be around once growth returns and they won’t know how to grow. Keep and attract people that can help you grow. Grow while everyone else is shrinking. Get that market share when it is easy.

10. Bring in outside talent. Don’t wall yourself in. Cutting out consultants can save money quickly but bringing in outside people increases innovation. If you are not open to outside consultants and their innovative ideas it will help your competitive position. I’m available for outside consulting and can help you increase your innovation. Give me a call at 1-210-775-2489 and let’s see what we can do together.
Keep learning don’t cut back on learning. If you cut back then it will create huge gaps in your capabilities. Your people will leave because they are not being innovative and when growth returns you won’t have the talent to grow.

Of course you don’t want to spend money you don’t have so look at cutting back on travel. With phones, webcams, and web applications you can do everything right from your home. Look into cutting your salary before your people. You probably can handle the cut more than they can. Don’t spend too much on technology, there are many free and open source software that can do what you need. Hire a good IT consultant that knows their stuff, like us. We can help you have the perfect systems and be mobile. Don’t rely on software sales people to tell you the best deal.

Reward the behavior you want in your people.

Winning companies always make it out of a recession. And they almost always beat the competition based on innovation. During the last recession Apple worked on iTunes and iPods and when growth came back they destroyed their competition. Implement this top 10 list just like Apple did and your company will come out on top.

To your prosperity,

Chris Sherrod
Chief Thinker of Abundance Unlimited

I guide business people to create new fun, inspiring business ideas and help them implement their vision.
http://www.AbundanceUnlimited.com

posted in Action Blueprint, Business Planning, Millionaire Mind MoJo, Money Blueprint | 0 Comments

25th July 2008

How Are You Branding You?

Make a Stand for Your Brand

The following passage is from Jon Gordon’s Weekly Newsletter that provides positive strategies to fuel your life and career.

Stand for Your Brand

What do you stand for? I was asked this question last week and several words came to mind: service, faith, family, action and positive energy. As I drove in my car I continued to think about what I stand for and what it means to stand for something. I thought of people like Nelson Mandela and Bono and what they stand for and what this says about them. I thought of the company Chick-Fil-A and how closing on Sunday’s speaks volumes about what they stand for. I thought about Starbucks and how providing health insurance to employees reflects what founder and CEO Howard Schultz stands for.

I thought of Honest Tea, a bottled tea that incorporates Honesty into everything they do. Honest Tea is not just a name. It’s a brand that is backed by words, purpose, energy and action. They use organic tea. They use all natural ingredients. They have a company policy against saying anything negative about their competition. They are part of the fair trade campaign. Their CEO, Seth Goldman, is a genuine, humble, nice and honest guy. Honest Tea stands for honesty. I like that.

It occurred to me that each person, organization and team has their own brand and what we stand for reflects and reinforces this brand. More importantly when we take action that is in alignment with what we stand for we strengthen and reinforce our brand and solidify what we stand for. When you stand for something you don’t just talk, you act. You don’t just have whimsical thoughts or weak beliefs about it, you have conviction. You don’t just go through the motions; you get engaged with purpose and passion. The energy of your brand is being projected every moment by what you think, say and do. This energy is then received by your customers, employees, and the world.

One of the most important exercises any person, organization and team can do is to ask the following questions:

1. What Do I Stand For? What Do We Stand For? Make a list of what you truly believe you stand for.

2. Do My/Our Actions Reflect What I/We Stand For? For example if you say you stand for great customer service but you don’t call your customer back in a timely manner or go above and beyond to address their concerns then you really don’t stand for great customer service. Evaluate your actions.

3. Make a Stand for Your Brand. Take action on the things you stand for. Right now, write down 3 actions that you can take that will reinforce what you stand for then take action on them.

4. Re-Evaluate Often. This will help you be aware of whether your actions are in alignment with your beliefs. There will always be discrepancies. No one is perfect. We all fall short. The key is to be aware and have a desire to improve. Tools like this newsletter are meant to help with the process.

Jon Gordon is a speaker, consultant and author of several books including the recently released The No Complaining Rule: Positive Ways to deal with Negativity at Work and the international best seller The Energy Bus: 10 Rules to Fuel your Life, Work and Team with Positive Energy which has captured the hearts of readers world-wide. If you’d like to sign up for Jon’s Newsletter, order his books or review his teaching schedule go to http://www.jongordon.com/.

Millionaire Minds can always EARN more,
because we always look for opportunities to LEARN more

Jon Gordon is a speaker, consultant and author of several books including the recently released The No Complaining Rule: Positive Ways to deal with Negativity at Work and the international best seller The Energy Bus: 10 Rules to Fuel your Life, Work and Team with Positive Energy which has captured the hearts of readers world-wide.

posted in Business Planning, Customer Service, Decision Making & Problem Solving, Millionaire Mind MoJo, Small Business & Entrepreneurship | 0 Comments

20th June 2008

Self-Guided Tour — Moving Out of Your Comfort Zone

Big Success Requires BIG CHANGES!

It is no secret that I’m a big fan of Donny Deutsch’s The Big Idea on CNBC and his inspiring series, The Millionaire Inside.

Deutsch has interviewed many millionaires, including Robert Kiyosaki, John Paul DeJoria, Bill Bartman, Larry Winger, and Keith Ferrazi. During these interviews, millionaires have discussed what they believe are the primary ingredients to business success.

1. Relationships. Successful entrepreneurs manage and nurture their business and personal relationships. Relationships drive success. Surround yourself with successful people. Find three people you want to model and two accountability partners.

2. Be willing to change every aspect of your life. This could include changing the people in your life that are not supporting your new direction. Clean up your environment to get rid of physical and emotional clutter, creating a safe, comfortable place of your millionaire mind vision.

3. Be willing to take risks. In order to excel, security can’t be your primary focus.

4. Do not become a CRAP MAGNET. Stop whining and do something.

5. Learn from your mistakes and make plenty of them.

6. Attitude is a choice. Make a decision to be happy.

7. Take responsibility for every aspect of your life. Refuse to play the blame game.

8. Millionaire Minds are constant learners. Model rich and successful people by read motivating books and listen to audios. Let successful entrepreneurs guide you to success. (Visit your local library for FREE inspiration.)

9. PLAN DO CHECK ACT! Pay close attention to your personal financial blue print. Your personal and business finances reflect your belief system. To experience continuously improving financial success, actively monitor your state of mind.

Millionaire Minds Model Rich and Successful People

Live Well and Prosper

posted in Action Blueprint, Business Planning, Entrepreneurship, Millionaire Mind MoJo, Modeling Success, Money Blueprint | 0 Comments

18th June 2008

Millionaire Minds — Citizens of The Start-up Nation

5-Steps from Idea to Product

The more time I spent on the StartUpNation website, the more I was impressed by both the wide variety of the business topics cover and the depth in which they are examined. The StartUpNation information guides are clearly written in a step-by-step format.

I have a passion for invention.

Invention development and licensing expert, Russell Williams, president and co-founder of InventionHome.com provides the best and simplest advice on going major league with great product ideas. His 5-Step process: Idea Conception, Basic Invention Market Research, Prototype Design & Development, Protecting the Invention, and Licensing and Going to Market is an outstanding article and if you are planning to bring a new product idea or process.

Inventing: Items of Interest

posted in Action Blueprint, Business Planning, Business Resources, Intellectual Property Rights, Systems & Planning | 0 Comments

29th August 2007

A Cautionary Tale — The Fearless Trade Show Warrior

The Fearless Trade Show Warrior
And the the Enchanted Perfect Sales Letter

“The Industry trade show was really worth the expense, the customer response was great; but I can’t follow up on these leads yet because my sales letter isn’t ready.”

OK this statement rates a double “WHAT??”

I sometimes refer to this as “Spanky and the Gang” marketing. “Hey kids, lets do a show.” Enough people have famously pulled this off this gambit, to make it an almost irresistible lure. Entrepreneurs see an annual Industry Show as the perfect way to show case the marvelous WIZBANG-2007.

Sometimes the gamble is worth it, IF you follow up.

In April of 1977, Jobs and Wozniak did not have the perfect sales letter to follow up the debut of the first personal computer at West Coast Computer Faire. But they followed up every sales lead that trade show floor generated, by phone and in person…an started an industry or two.

The Enchanted Perfect Sales Letter

The quest for the enchanted perfect sales letter often finishes the mighty entrepreneurial enterprise before it really starts. The lack of this fabled marketing tool stops many of us from reaching out to prospective clients.

IS there such a thing as the Enchanted Perfect Sales Letter –the one that results in eager clients clamoring for your product; filling your email, voice mail and inbox with orders as soon as they receive it? That would be a no.

Forget marketing’s holy grail — the Enchanted Perfect Sales Letter. Just contact your leads before they grow stale. Time is never on the side of small business. When Joe Vitale says money loves speed, he is not using a metaphor. He is being perfectly serious. The faster small business owners move, the more money they make.

So instead of focusing so much on the content of your sales letters, put your emphasis on repeat contacts using multiple channels over time. Place a call, then send a note, call again, and then send an e-mail. You could make contact with a prospect four times over a two-week span in less time than it takes you to write and rewrite one “perfect” letter. A series of action steps like this will have much more likelihood of resulting in a live conversation than almost any letter you could write.

Our SBDC small business marketing case studies continues Aug 31st with, “I can’t start marketing; my website isn’t done yet.”

I’m a very capable marketing technician. I’ve been trained to know what to do, and why, to what probable result. Over the years I’ve had lots of practice and plenty of lessons learned. Joe Vitale, however is a “Guru status, marketing maven. He knows all of the above and executes with panache. Any marketing book by Joe is a good business investment.

As a retired SBDC counselor, I know where to find business-related information — both online and IRL. In this case my marketing source Is years and years as a business counselor and mentor. For individual business support with any aspect of your business contact the nearest SBA-sponsored Small Business Development Center.

Millionaire Minds Love to Market!

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Business Management, Business Planning, Business Start-up, Marketing, Small Business & Entrepreneurship | 0 Comments

2nd July 2007

The Hidden Cost of Competition

I’m a big believer in the angels of inspiration…

My personal celestial muse has been nudging me to explore our preoccupation with competition. The topic has come up several times in casual conversations within our network of business associates and friends. Modeling rich and successful people or organizations, sometimes means studying and emulating what some would refer to the competition”.

In Speed Wealth, T. Harv Eker suggests identifying and copying those processes that are contributing to the success of a business similar to yours is a best practice. My interpretation of Eker’s best practice modeling is that he is encouraging us to use our time in the most efficient manner possible. By modeling and replicating those proven business processes within our own enterprise, it frees time and resources to pursue innovation in our business’ core competencies.

As a SBDC counselor, I often helped my clients develop a competitive analysis as part of their business planning or expansion initiatives. When studying business competitors, entrepreneurs are often tempted to match products and services feature to feature. This type of “carbon modeling” can lead to losing all differentiation between the two businesses. When a customer can’t identify a unique feature about a business’ product, service or market position, the business that does it better or cheaper, wins…
Think WAL MART vs. KMART. One became a world retail power; the other was bought out bankruptcy primarily for its prime real estate holdings.

I was reviewing some old files in my annual, KEEP or TOSS ritual; I came across my notes from a long ago Quality Systems Conference. As I reviewed them, I realized that the observations about competition are even more pertinent today than when I first scribbled them down.

I do not know whom to site for these astute observations concerning the nature of competition — I just know their thoughts are worth sharing.

Excessive Focus on Competition Has Always Been a Formula for Mediocrity
(A cautionary tale about indiscriminate modeling)

“Our word Mediocre comes from combining two old Latin words into an idiomatic expression that is literally translated to mean ‘halfway up the mountain’. The idea behind the expression is that a person stranded in a no-man’s-land between two ideals.

That’s exactly what a preoccupation with competition does to any business or person. Consider a few of the most obvious conditions that emerge when a company focuses attention primarily on its competition.

What Are The Hidden Costs Of Competition?

It causes a loss of identity. All the competitors in a given arena tend to copy each other’s products, services and methods to the point where it’s hard for customers and employees to distinguish one from the others.

1. It causes individuals and firms to get so caught up in struggling with each other that they lose sight of their own customers and markets,

2. It forces so much concern over minor cost-reduction measures that innovations that could create major savings or major income get completely overlooked.

3. It creates so much concern over short-term sales and profits that long term- profits, problems and opportunities consistently get overlooked.

4. It so limits the resources available for innovation that change can come about only as a result of a crisis.

5. It lulls companies into a complacency born of the belief that they are secure as long as they are currently maintaining their share of an identified market.

Are you modeling rich and successful people as part of your business initiative? Let us know how its working for you, We are collecting personal observations and successful strategies to share with the Millionaire Mind Support Network™

Just a reminder — I’m a retired SBDC counselor, who knows where to look stuff up — both online and IRL. In this case, my source documents are my personal notes from the National Business Quality Conference, 1994. For individual business support with any aspect of your business contact the nearest SBA-sponsored Small Business Development Center.

Millionaire Minds are constant learners.

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Business Management, Business Planning, Small Business & Entrepreneurship, Strategy & Competition | 0 Comments

29th June 2007

Life on the Wild, Wild Net — Part Two

Model, Model, Model —Who to Model

In The Secrets of the Millionaire Mind, Eker encourages his readers to
“Model Rich and Successful People.”

The Wealth File # 7 Declarations say it all:
“I model rich and successful people.”
“I associate with rich and successful people.”
“If they can do it, I can do it!”
“I have a Millionaire Mind!”

But first, I need to figure out whom to model…

For those of us who want to establish or expand an internet based business, identifying the rich and successful Netrepreneurs to model, while avoiding the posers is an interesting exercise. I approached analyzing the various internet-marketing training sources as I would any other research project. I’ve documented my research process here, as most research projects follow the same basic steps that are applicable to any project you might want to examine for your own business.

1. Define your problem or question

  • Identify the source of internet marketing training that best matches my personal style and business model.
  • Determine the best way to learn the information I need to be successful.
  • Develop an internet-marketing education budget and an internet business startup plan, budget and project timeline.


2. Determine likely sources of information and plan steps to acquire it

  • Develop a list of the top ten internet-marketing companies as ranked by Google.
  • Conduct an independent Google search, including blog entries for each Internet Guru or company.
  • Note client satisfaction, indications of unresolved claims unfulfilled warranties
  • Review each site to determine if site includes complete contact information
  • Call phone number to see if a real person answers the phone and to test the customer support.
  • If phone contact is problematic, delete guru or company from consideration.
  • Check eBay and other secondary market places to see the amount and price point of the companies training materials.
  • — If large amount of training material being sold for $5 or less, delete guru or company from consideration.
  • Set-up separate email address and sign up for every newsletter, webzine and free offer available from each Internet marketing company.
  • Set up a separate email folder for each Internet marketing training company, so all correspondence and offers are segregated by vendor.
  • Review websites that sell e-books or other training materials in my niche market.
  • Analyze the top five site to determine what I like and why
  • Order product from the top three sites to judge the quality of the product verses price point.
  • Analyze the delivery process, customer service and follow-up.
  • Review SBA and other industry literature concerning probable start-up costs and applicable metrics for internet based business.

3. Start reading, printing, analyzing and making notes

  • Not only read but, study every single page of all the materials received from of various Internet Marketing vendors
  • Note the claims, offers and testimonials — if the testimonials include a name and URL, test the website to see if it is a valid business, then look up the contact information and call, see if testimonial is accurate.
  • Read the newsletters carefully, is it how to stuff or just fluff.
  • Does the vendor’s sales approach match your business style? (When I was reading some of the marketing literature, I kept hearing our Millionaire Mind Intensive trainer Doug, “Remember how you act in one segment of your life, is the way you will act in all the rest.” Lets just say in some cases, I just wasn’t feeling the integrity-vibe.)
  • If they are free or low-cost, sit in on some of the teleconference or the webinares conducted by some of the Internet marketing guru’s.
  • Use SBA and other industry sources to find the standard ratios for online marketing businesses. It is all about the numbers. No Numbers — No Business

4. Organize all the data you have, review, record your conclusions and make decision

I’m still gathering and evaluating my data sets. I’ll report findings over the next month.

5. Evaluate research process and product, look for lessons learned and what could be done differently next project

The last, but important step, all researchers are temped to skip it, but please don’t. It will help you refine your ability to acquire analyze and utilize actionable business intelligence in the future.

Why Bother?

This type of research is a time consuming, but critical process. Not only do I want to find someone who is rich and successful to model, I’m about to implement a business structure I would not have even considered before my Millionaire Mind Intensive experience. Basic market research and business planning are essential steps to success.

The laws of commerce apply whether practiced in a brick and mortar edifice or in the bits and packets of the Internet — business is business.

To approach any Internet enterprise without a ‘Bottom Line’ sensibility is folly.

Ask any of the dot.bomb survivors. Even businesses with sound economic models, like Amazon and eBay shuttered in the tech implosion, but with sound business fundamentals, they went on to flourish. Their more brash brethren, chasten by the very rude reality of loosing it all, approached their next sip at the golden cup with more temperance.

Like all of the Millionaire Mind Intensive graduates I aspire to Speed Wealth.

Wealth creation is the fruit of our money trees. Sound business planning, based on solid research, are the roots of our inner game of wealth.

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Business Planning, Decision Making & Problem Solving, New Business Enterprises, Speed Wealth, Zero to Millionaire, Wealth Creation | 0 Comments

20th June 2007

Life in the Wild, Wild Net — Part One

Monetize, Monetize, Monetize!

Like everyone else who participated in the Millionaire Mind Intensive, I left that training session with the words, MONETIZATION! RESIDUAL INCOME! and PASSIVE INCOME! etched in capital letters on my frontal lobe.

Those of us with service businesses had that dazed look normally reserved for small animals in the direct path of an oncoming vehicle.

Yuppers, I felt like I had an armadillo expiration date, stamped right across my forehead.

My partner and I own two businesses — a Graphic Design firm, Pleiades Publishing Services and a Market Research group, Serendal Research Institute. Although both these business have supported us for over 20-years, the Millionaire Mind Intensive brought home a sobering fact. We had not built sustainable businesses. No, we had simply provided ourselves with nice paying jobs. After all these years, we came to the realization that we were not business owners — we were self-employed.

What is the difference? We do not make income unless we were producing either words or pictures. Just like a dentist is not making money unless he has his hands in your mouth or a massage therapist isn’t earning income unless she is providing healing touch to a client. A business enterprise works while you are sleeping, or at a three-day, life changing seminar.

Based on the hall conversations, I’d estimate that over 50% of the folks who attended the Millionaire Mind Intensive left with the knowledge that their existing economic model was seriously flawed. The good news was that the trainer did give us with some suggestions for monetizing those models to build both passive and residual income.

Some folks with service business planned to add complementary product lines to their ventures. During informal networking, some participants shared MLM (Multi-Level Marketing) opportunities that could offer both residual and passive income. If you look through the My Millionaire Mind Support Network™ Directory you will see a number of MLM opportunities.
For the more introverted members of our group, those of us not fond of IRL (In Real Life) meetings, finding ways to expand our business though the Internet seemed a more natural fit.

Of course at the very minute I write this I can hear T. Harv’s voice in my head, “You don’t like face to face sales? You’re afraid to make a sales call — YOU’RE BROKE!”

However, he is also a big proponent of “Baby-Steps” as long as you are moving forward, pursuing your goal with integrity.

For a certain percentage of us, an Internet based business may be the best monetization solution for building a passive income stream. Some retail business are expanding their business on the net though venues like eBay or setting up their own e-commerce sites. Some of us, who are sometimes classified as “knowledge workers”, are examining the development of information products, such as ebooks and training courses.

As I started my internet-based businesses research, I found myself humming (if one can hum hip-hop) Will Smith’s “Wild, Wild, West”.

A common business truism states, When a person with money meets a person with experience, the person with experience ends up with the money and the person with money ends up with an experience!”

One way to avoid such an unsatisfactory exchange is education — the ability to learn from the experience of others.

In the movie the Secret, the teachers often said that abundance liked speed. To make insure the Universe’s fast response is headed in the right direction, Millionaire Minds are very fond of EDUCTION.

Since I’m a professional research analyst who has been working on the internet since it was DARPA Net (Defense Advanced Research Projects Agency), I thought to document my own internet marketing education and share my findings with you.

I’ll report on my internet marketing research in future “Wild, Wild Net” posts. If some of you are already enjoying success using the internet to build or expand your business model, please share your insights with us. We want to celebrate each other’s successes with the same enthusiasm we had during the Millionaire Mind Intensive.

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Business Planning, Entrepreneurship, Intellectual Property Rights, Marketing, Millionaire Mind MoJo, New Business Enterprises, Personal Transformation | 0 Comments

15th June 2007

The Vision Thing

Since the June 8th Blog entry, “Whatcha Do?” I’ve fielded a number of questions about the difference between a mission statement and a vision statement.

A Vision statement summarizes WHAT the stakeholders of an enterprise intend it to be — its ideal identity. This future-focused statement is crafted as a source of inspiration, describes what winning looks like by identifying targeted milestones and accomplishments and provides clear decision-making criteria to get there. A well-crafted Vision statement is SMARTSpecific, Measurable, Achievable, Relevant and Time-bound — and can motivate stakeholders to realize these defined objectives.

An effective vision statement is specific not ambiguous. It precisely states achievable aspirations that are in alignment with organizational values and culture. It is engaging, memorable and can be assimilated into the enterprise’s daily practice. The Vision statement embodies a desired expectation that the organizational leaders have the responsibility of communicating through their daily actions, short-term objectives and corporate decision processes. To embed these aspirations within the organizational structure, individual stakeholders are usually encouraged to craft their own personal vision that is compatible with the enterprise’s overall vision. That practice is one way to make sure everyone is on the same page, understands and accepts the direction the leaders have set for the organization and are ready and willing to contribute what they can to achieve the stated goals. Vision statements that are reflected and acted upon at every level of an organization have a direct and positive impact on the bottom line and success of the organization.

A well-crafted Mission statement isn’t bound by a time frame — it can remain unchanged for decades — it defines the purpose for the organization’s existence and provides a path to realize the Vision in line with its values.

In and environment of organizational initiative or transformation, it is essential to acknowledge the existing conditions — resources and obstacles — the mission, and to identify where you want to go —the vision, and what you will need to do to get there.

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Business Planning, Decision Making & Problem Solving, Organizational Change, Strategic Planning | 0 Comments

30th May 2007

Where to Find the Business Statistics You Need

Many of the Millionaire Mind Intensive graduates are exploring either starting a new business or expanding their existing enterprise.

Researching your business plan or developing a detailed market study targeting the perfect niche for your enterprise has gotten easier.

Need estimated gross sales figures for your business category to test your economic model?
Do you where to find the average profit ratios for your types business?

You can access the data resources you need for little or no fee at either the U.S. Department of Commerce’s Census Bureau or the U.S. Department of Labor.

These agencies offer you all facts, figures and practical information you need to help plan and run your business.

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Business Planning, Decision Making & Problem Solving, Small Business & Entrepreneurship | 0 Comments


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