Eight Misunderstood Cliches For The New Entrepreneur

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Like all things in life, there are tested concepts and those that, well, may be a bit misunderstood.

We start learning this from childhood where we very quickly are taught that what Mom and Dad say is usually something you can count on but what you’re told by friends, is not always something you can take to the bank.

The same goes for cliches. Everyday we face tons of cliches covering a wide range of topics. Cliches by their very nature usually have some degree of truth contained within their day to day usage. However, cliches can kill you when you are starting a new business or trying to take your existing business to the next level. Let me explain:

Cliche #1: Success Is Just Around the Corner – Now on face value that is most likely true. The problem when starting a new business is that most people just never turn the corner. They stop just short and never see the value on the other side. This is typically due to the fact that the cliche doesn’t really tell you how many corners you need to turn before you find the all evasive “success”. I can tell you from experience that it is rarely just one corner…if that was true everyone would be a millionaire or better. The old story about Edison tried thousands of times before he finally got the light bulb correct. If he stopped short on the 999th corner, well we would all be in the dark.

Cliche #2: Overnight Success – We all know someone who was an ‘overnight success’. All of a sudden they’re flowing in dough. Well, there is no such thing as an overnight success unless maybe you just won the lottery and even there, typically it’s never on the first ticket. If you relax and just ponder what is going on, wondering how others became overnight successes, it is certain you will never have the opportunity to be one. The only answer to overnight success is hard work and long ‘overnights’.

Cliche #3: Once in a Lifetime Opportunity – In each of our lives there are many ‘once in a lifetime opportunities’. The only problem is that we never see them. We’re so busy with day to day activity that we let these opportunities pass by constantly. How often have you said to yourself, “If I’d only done…..”. Well, now is the time to do it!

Cliche #4: Look Before You Leap – Now this is a real killer. One of the differences between the truly successful and the not so successful is that the truly successful look a lot less often and for much less time. They review quickly, make decisions and take action. Failure is taken as only a form of education and not personally. If they fail, they just move on to the next event.

Cliche #5: Time Waits for No Man – Well, this is really true but, unfortunately, all too often is overlooked. We tend not to realize that time is finite. There is just so much of it. Sitting back and waiting for success to come to you is as foolish as spending a week in Vegas counting on going home with more in your pocket than you came with.

Cliche #6 – Success is a Journey and not a Destination – Well, this can truly be a killer. One of the most important things any new business owner can do is set goals. Now,each time you reach your goal, you have been successful. Not admitting that and giving yourself a ‘high five’ can be a real downer. You need to cherish success at all times. Kids do it in school, we do it as parents but we don’t allow ourselves to do that as business men and women. Now, once that goal is achieved, set a new one!

Cliche #7: Money Can’t Buy You Happiness – But it sure can make the sadness a lot more tolerable! Of course, money is not everything but one of our goals as business people is to cash in. One of the parameters we go by is financial. To deny that is not very realistic. When evaluating a new business, we need to be sure that there is a strong possibility of success.

Cliche #8: Opportunity is Knocking – Well, this one is great if you’re listening but how often do we turn a ‘deaf ear’ to opportunity. We use just about every excuse possible to avoid a challenge, to stop taking action for fear of failure etc. Opportunity knocks, but unfortunately for some, not loudly enough.

Now I could go on and list several others but the truth of the matter is you’ve got to ‘take the bull by the horns’, ‘grab the golden ring’ and most, importantly, in doing so take action. Nothing can possibly happen without action. If you’re sitting on the fence waiting for success to come to you, you’ll get nothing but splinters!

Vinay Thadani is a Great Finance Entrepreneur

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If you wish to have a career in the field of technology, it is not easy as it is the most competitive field these days. With most of the students opting for computers and related courses, it is the most sought after course and very difficult to get into too.

There are people like Vince Thadani, who is a leading name in the field of finance and technology. His professional life has been so challenging and motivating that he has inspired many people to be like him.

He has been a master in a whole lot of professions. With being successful in everything that he tried, the secret behind his success has been his dedicated approach towards every detail. He has great leadership skills and focuses on each and every issue minutely and exclusively. His life can be a lesson to many budding entrepreneurs. With several ups and downs that he faced during the scriptwriting days, he has taken the challenges on his stride.

Vinay Premchand Thadani, which happens to be his full name, has also influenced the technology sector greatly. And, not just that, he was also actively involved in the business of movies where he has performed in multiple roles. And, right now, he happens to be successful corporate head in United States.

Vince Thadani Finance Entrepreneur and has made maximum use of social media to his advantage. He has over twenty years of experience in the finance field as well. He always has something new to offer to his customers and has been able to get the maximum success because of that. And, he has achieved all this in a very limited time. Whatever he touches turns into gold, not because he has some magical powers but because he works hard and strives a lot to achieve the results. With an eye on strategies, he has been able to help a lot of corporate in achieving financial stability. He has a great experience in social media marketing, product branding and selling strategically.

Vinay Thadani is a name to reckon and has inspired many people to be like him. He has always approached life with a confidence which is very inspiring and motivating. He has a completely positive approach and confident outlook which has made him so successful. He has always tried to take the crucial decisions with no worries about the outcome. With his risk taking ability and taking life as it comes, he has been easily able to face the challenges that life has thrown upon him. He is one of the pioneers in using internet for marketing purposes. He has given a great impetus to the search engine optimization and the social media optimization.

His life is an inspiring piece for anybody who wishes to achieve success. With so much of positive energy and charisma, he has a good following and a lot of people want to become like him. And, he is always in demand and a lot of companies want to recruit him so that they can create wonders.

For More Details Visit Here: — Vince Thadani

Guillermo Perales on the Principles of Being an Entrepreneur in the US Today

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While the times of Henry Ford may be over, the principles of being a successful entrepreneur have not died-not completely, anyway. As CEO of Sun Holdings-the fastest-growing and largest Hispanic-owned company in the Dallas/Fort Worth area-Guillermo Perales shows that today’s entrepreneur has a lot in common with America’s long history of business professionals.

Even in today’s information-driven, online world, Guillermo Perales has shown that today’s entrepreneur must be ready to adapt to a business environment that shifts very rapidly. This article discusses some of the characteristics of the modern, US entrepreneur-all lessons learned from Guillermo Perales, who operates 33 Golden Corrals, 46 Cici’s Restaurants, 3 Krispy Kreme and 167 Burger Kings!

Pick the right line of work. The business world learned a lot from the boom and bust of the .com industry: the classics still work. Guillermo Perales, for example, is a restaurant franchisee. Sun Holdings, his company, has franchised almost 400 restaurants, and has maintained a growth rate of over 50 percent since its founding in 1997. Something as classically American as the restaurant business shows that the future of the entrepreneurial spirit does not have to be online. As Franchise Times awarded him the 2013 Franchise Dealmaker of the Year, you can rest assured Guillermo Perales’ business advice is sound!

Limit potential losses before you start. This principle works just as well for all business decisions and development practices as it does for being an entrepreneur. Seasoned entrepreneurs like Guillermo Perales, however, have learned that starting any new business or franchise is about never paying more than what you can expect in return and/or can lose. -Acceptable loss- is the term most commonly used. Recently, Guillermo Perales has diversified his portfolio by acquiring 52 Arby’s restaurants – rest assured that he did plenty of risk management before taking on such a feat.

Find support. Guillermo Perales knows that entrepreneurs never work alone, and some of the best business leaders do not make it far without financial support. By pitching your idea to potential investors-in a PowerPoint, by creating a dynamic website, or offering a professionally written business proposal-you’re creating a solid investment. Guillermo Perales has been recognized by the International Hispanic Franchisee Association and Ernst and Young; he has also been the recipient of the 2013 American Dream Award. Can’t get that far without support!

Get the word out. Guillermo Perales would advise that this be a kind of catch-all category, where getting the word out includes selling your new project or product, networking with other entrepreneurs and investors, and by making what you do important to your community. Entrepreneurs only become known as such when what they love to do, or when the new venture they are developing, takes off. By networking, an entrepreneur shows dedication and belief in their investments-something that is highly contagious in investors. As Guillermo Perales operates 33 Golden Corrals, 46 Cici’s Restaurants, 3 Krispy Kreme and 167 Burger Kings, he knows how to garner support and get the word out.

By following some of the principles learned and modeled by one of the most famous Hispanic entrepreneurs in the US (Dallas Business Journal named Sun Holdings number one of the Top 25 North Texas Minority-Owned Businesses at the beginning of 2013!), it is clear that in Guillermo Perales, the spirit of the modern American entrepreneur can be clearly seen.

Sources:

http://www.entrepreneur.com/article/207488
http://www.forbes.com/sites/actiontrumpseverything/2013/02/20/becoming-an-entrepreneur-is-less-scary-than-you-think-a-case-study/
http://www.wikihow.com/Become-an-Entrepreneur

Advantages Of Using Promos In Your Business

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Promos are considered one of the most effective and cheapest means for marketing. Corporate gifts or promos are not very expensive and can be less than a dollar as well. According to the reports of an Advertising Specialty Industry, around 56% of people keep the promos, while 58% of the people remember name of the company printed on the promos. Promos are cost-effective means of advertising brand image of your business. This article discusses about some useful tips on how you can make the most of promos for a campaign.

You should be aware of the wants and desires of your prospective clients:

Promos that you use must be market driven. It is very important customers appreciate the promos that you give out; as this will help you increase your customer base. Therefore, what you can do is, make the promotional products the way your clients expect them to be. You will have to spend time conducting research, when it comes to determining the right promos.

You must be very cautious all through the process, because business organizations have the tendency of losing their core message in their attempt to target niche audiences. Your brand identity must be clearly expressed in advertising merchandise so that people wont have any problem getting the message you want to promote.

Remember less is more:

You should keep in mind the concept of less is more while designing promos for marketing. You should keep the text and color to the minimum to attract attention of prospective clients. Too many colors and words tend to make the promos look messy and chaotic. There is amazing elegance in simplicity and this helps you effectively project your business message to your clients. Untidy presentation shows lack of professionalism and leaves behind a negative image in minds of the clients.

Many consider bargaining or haggling a desperate act in business. It is actually a business negotiation process that a wise entrepreneur does to cut down the overall cost. Once you are aware of the basic negotiation skills, you will be able to save substantial amount of money.

Some of the commonly used promos include T-shirts, pens, gym bags, mugs, and other useful pieces of merchandise. Targeted promos for your customers generate more sales and help attract attention of clients to your site. Make sure to give out good quality freebies, as your company image will crumble down when you offer cheap promos.

Using promos for marketing is one of the most affordable means to increase your profit margins and improve your business. So, keep in mind the three useful abovementioned pointers and create a brand image of your business with promos or promotional gifts. You will be amazed to take your business products and services to an altogether new height with such promotional items.

Business Coach’s Tips On How To Handle Sticky Money Situations In Business

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You just signed up your first “platinum” client and you’re both excited to get to work. The first month is a breeze and you’re thinking, “Why don’t I have more woman entrepreneur clients just like this one?” when your assistant notifies you that your super-star client’s credit card just bounced.

“Uh-oh,” you think. “Was it just me who thought we were doing so well?” You’re uncomfortable, you begin to doubt yourself or your abilities and on top of all the emotional upheaval, you’re now wondering how you’re going to handle this sticky money situation.

Sticky money situations in business include bounced payments, late payments, requests for refunds, program cancellations and postponements, changes in a client’s circumstances and even disappearing clients.

How you handle these situations impacts more than your cash flow. Depending on the choices you make, you can strengthen your connection to your soul’s values, increase your integrity, raise your confidence as a woman entrepreneur and yes, even salvage your client relationship plus get you paid.

Here are six quick tips that I’ve learned as a business coach to gracefully and authentically handle sticky money situations in business:

Business Coaching Tip #1: Understand
Understand that your feelings of anger, betrayal, resentment or self-doubt are simply a smoke-screen for what’s really going on below the surface. Your client’s actions aren’t personal and have nothing to do with you. Once you stop taking it personally you’ll see you have several options for handling the situation.

Business Coaching Tip #2: Compassion
Put yourself in the other person’s shoes just for a moment. If you were her, how would you be feeling? You don’t have to condone her behavior but if you can momentarily see the situation from her eyes, you’ll gain the upper hand and can negotiate a solution like a successful entrepreneur.

Business Coaching Tip #3: Perspective
Ask yourself, “What is the worst that can happen?” Often, just asking yourself this question helps put the situation into perspective. Sure, not being paid is a drag, but in the grand scheme of things, will it make a difference for you long term?

Business Coaching Tip #4: Truth
When you speak to your client about the situation don’t mince words, don’t try to make it better for them or defend yourself. Simply state the facts, then pause and let them respond.

For example, earlier this year a business coaching client’s credit card bounced two months in a row. I simply said to her, “This is the second month your payment has bounced, what’s going on?” That opening gave her the opportunity to explain the problems she was having in her personal life and the chance for her and me to make alternate arrangements.

Tip #5: Boundaries
When it comes to sticky money situations the woman entrepreneur often sidesteps making direct requests. You have every right to straight-forwardly request: “I need you to honor our agreement and make sure I receive payment in full by Friday. How do you plan to make that happen? And for goodness sakes, no successful entrepreneur continues to deliver services on a promise when what she is owed is a payment!

Tip #6: Forgive
Forgive yourself! Successful entrepreneurs consider encounters with sticky money situations as opportunities to clean up money values and boundaries. Learning isn’t always free and my experience as a business coach has been that the expensive lessons are the ones that stick!

While no one relishes sticky money situations, you now have a simple system for addressing them quickly and confidently. A “money and soul” based business means you respond first to the integrity of your own soul, and then respond with integrity to the situation at hand. Remember this and you can’t go wrong, no matter how sticky the situation!