Bussines

There are many types of business primary, secondary etc… but I have just had a thought about other “types” of business and felt it useful to share.
In the most part a business is about creating a device to provide a product or service and make a profit from it, however it goes a bit further than that. I feel it’s important to make a few distinctions.
1- Job - not a Biz - Turn up - do work - go home - repeat.
2- Low level Biz Operator - as above - not much scope to get ahead - Some franchises can feel like this.
3- Low level Biz Owner - Some growth as the biz operator gets some leverage by having staff do the work, with input from the owner.
4- Mid level Biz Owner - Better growth limited input to the biz as the staff do it all with a manager in place or similar - perhaps develops other businesses or franchises of one business.
5- Upper level Biz Owner - As previous but developing assets to utilise the growth’s potential.
6- Top level Biz Owner - Utilises others to do the work, from developing more assets to creating more businesses.
Which level do you want to be at and what will it take to get you there? Notice it’s all about growth and profit leading to leverage, with leverage you can do more. When you learn the skills and mindset required to do this you get to play at a new level each time learning more skills and mindset tweaks to assist you. Note at each level and with more leverage you can assist more people, develop greater security and achieve more.

10 Tips for Successful Business Networking

Effective business networking is the linking together of individuals who, through trust and relationship building, become walking, talking advertisements for one another.

1- Keep in mind that networking is about being genuine and authentic, building trust and relationships, and seeing how you can help others.
2- Ask yourself what your goals are in participating in networking meetings so that you will pick groups that will help you get what you are looking for. Some meetings are based more on learning, making contacts, and/or volunteering rather than on strictly making business connections.
3- Visit as many groups as possible that spark your interest. Notice the tone and attitude of the group. Do the people sound supportive of one another? Does the leadership appear competent? Many groups will allow you to visit two times before joining.
4- Hold volunteer positions in organizations. This is a great way to stay visible and give back to groups that have helped you.
5- Ask open-ended questions in networking conversations. This means questions that ask who, what, where, when, and how as opposed to those that can be answered with a simple yes or no. This form of questioning opens up the discussion and shows listeners that you are interested in them.
6- Become known as a powerful resource for others. When you are known as a strong resource, people remember to turn to you for suggestions, ideas, names of other people, etc. This keeps you visible to them.
7- Have a clear understanding of what you do and why, for whom, and what makes your doing it special or different from others doing the same thing. In order to get referrals, you must first have a clear understanding of what you do that you can easily articulate to others.
8- Be able to articulate what you are looking for and how others may help you. Too often people in conversations ask, "How may I help you?" and no immediate answer comes to mind.
9- Follow through quickly and efficiently on referrals you are given. When people give you referrals, your actions are a reflection on them. Respect and honor that and your referrals will grow.
10- Call those you meet who may benefit from what you do and vice versa. Express that you enjoyed meeting them, and ask if you could get together and share ideas.

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