Category: Business Strategy

Goal Setting – Secrets From Billionaire Bill Bartmann On Setting And Achieving Success

Business Strategy

I just finished the videos series on Goal Setting by Bill Bartmann (Billionair Entrepreneur). I have just two words INSPIRATIONAL and AMAZING!!! Mr. Bartmann presented a straightforward 10-Step Process to Set Goals that I wanted to share with you. Goals are essential for any area in your life, whether you have personal goals, health goals, economic goals, career goals, company goals, and more. If you have not yet identified your targets or goals, you need to do so. If you dont, how do you know what you are trying to achieve AND more importantly, how do you measure your results???

So, here it is COPY THIS and more importantly, USE IT!

Step #1 Be sure it is YOUR own goal.
This is the most important phase. What is it that YOU want to achieve? This is about YOU!!

Step #2 Do not call it a goal; call it a PROMISE.
When you have set goals in the past, have you achieved them? Let’s not get caught up in the word “goal”… time for a change!. Think about this how often do you keep your PROMISES? According to a study by Harvard, people keep their PROMISES 98% of the time!!! (versus attaining goals goals are not achieve 70% of the time!!!).

Step #3 Clearly name your PROMISE.
What are you specifically trying to accomplish and achieve? How triumphant do you want to be? How can this be measured? BE SPECIFIC. For example, I will be making $20,000 a week by December 31, 2010.. This is precise and calculable.

Step #4 Use the tools around you.
There are both positive and negative motivators around you. Use them!

Positive motivators are the people that you love and care for. Attain your PROMISE for them (and you)!

Negative motivators are those telling you that you CANT succeed in your business or you are crazy for trying to do so. Mr. Bartmann suggests writing the names of these people down on a 3×5 card and keep these cards in front of you, at your desk, in your purse, etc. This can be a daily motivational tool for your success.

Step #5 Develop a PROMISE PLAN.
By creating a BLUEPRINT, you will be well on your way to success. This is your business strategy and there are 6 critical pieces that will create this plan:
– WHAT are you going to do?
– WHEN will you achieve this?
– WHERE would you be when this is achieved? On a magazine cover??
– WHY do you want to do this? Is this for YOU? Or is this to show someone you can do it??
– WHO do you need in your life? Who will help?
– HOW can I execute the plan?

The HOW question is the most important but is the most difficult, as well. You cant know HOW right now. Things are going to change and the HOW may change. Keep a focus on WHAT and WHY and the HOW will evolve.

Step #6 Evaluate your PLAN and your PROMISE daily.
Bill Bartmann states to assess your PLAN and PROMISE 20 minutes per day. 20 minutes daily????? (are you serious) Honestly think about this.. Instead of watching TV for 20 minutes, review your PLAN and PROMISE. By evaluating your PLAN and your PROMISE repeatedly and consistently, you will realize how significant this is AND this will help to create original and creative ideas.

Step #7 Tell yourself you will succeed.
Your success is a derivative of your belief. Start listening to yourself; this is the only voice you should be listening to. Stop sending negative affirmations.

Step #8 Communicate your PROMISE to everyone.
There is nothing like being held liable Announce your PROMISE and let the positive and negative motivators to move you to accomplish your PROMISE. Make your PROMISE known. How is this for motivation?

Step #9 Imagine your outcome.
You have to see your success. You have to imagine your success. Quite often, we think of Bill Bartmann shared a story about Michael Jordan visualizing a free throw before he even shot the ball. To prove his point during a game, Michael Jordan shot a free throw with his eyes closed! He envisioned making the basket before it was even shot.

Step #10 START!!!
Guess what? This is the MOST IMPORTANT STEP! If you never start, you will never succeed and why even complete the previous 9 steps? You will make mistakes thats okay. Understand your mistakes and move on!

Here is to all your success!

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Dragons’ Den Tv Duncan Bannatyne & James Caan Dragon Slayers Tips For Business Success

Business Strategy

Anyone who has studied the sixth century BC Art of War strategies from Master Sun Tzu, will recognise many of his strategies which appear to have been adopted by Duncan Bannatyne and James Caan in the Dragons’ Den TV series.

One can only marvel at the way these two Dragon investors team up to grab some of the more lucrative investment proposals from under the noses of fellow Dragons Peter Jones, Theo Paphitis and Deborah Meaden.

It is this precise skill which has helped turn the Dragons’ Den TV series into compulsive viewing.

Although Duncan Bannatyne and James Caan are described as Investor Dragons, I feel certain they would be equally comfortable being described as dragon slayers.

Few successful business magnates like James Caan and Duncan Bannatyne get to achieve their outstanding success without possessing a dragon slayers mind-set.

One has only to witness some of the less than professional entrepreneurs pitching for investment from the Dragons’ Den (DD) to see the scathing attacks on their lack of business professionalism from both Duncan Bannatyne and James Caan.

On some occasions it often appears to be a competition for who can deliver the most effective verbal put down to the entrepreneurs pitching for investment.

For example Theo Paphitis often informs people pitching that he would rather stick pins in his eyes than risk his children’s inheritance on the entrepreneur.

Deborah Meaden offers entrepreneurs enough rope to either save themselves, or hang themselves. She dismisses pitch candidates with the upraised palm of her hand and a stinging remark like, “You have made yourself completely un-investable.”

Peter Jones quite often berates entrepreneurs who have attended their Dragons’ Den TV pitch while unsuitably dressed.

He has repeatedly remarked how incredible it is that people turn up asking the Dragons for hundreds of thousands of pounds investment, and yet they appear in casual clothes or even worse in jeans.

As the latest Dragon to enter the Dragons’ Den James Caan still appears quite dignified in his dismissal of entrepreneurs. Although his patience does seem to wear a bit thin when faced with an entrepreneur who has no real grasp of business, but is pitching for his money.

Perhaps it’s his gravely Scottish voice that seems to cut through aspiring entrepreneurs like a knife through butter. But when Duncan Bannatyne dismisses people, they know they’ve been dismissed.

Viewers will hardly forget when Duncan Bannatyne felt one pitch was such a waste of money that he picked up Theo Paphitis stack of cash notes, and marched up to the guy pitching and dumped the money in a bin he was promoting.

Business fans of the DD TV series will be watching the new eighth series of DD 2010 to see if any new dragon slayers get Duncan Bannatyne, James Caan, Peter Jones, Theo Paphitis or Deborah Meaden to part with their hard earned children’s inheritance.

For business owners looking for tips for business success, there is nothing better than watching the DD. Grow your business by watching Duncan Bannatyne & James Caan in action.’

Dragons’ Den TV: Duncan Bannatyne Profile

Duncan Bannatyne appears to be the most popular member of The Dragons online. Over 33,100 people search for the name Duncan Bannatyne every month, and a further 22,200 search for the key phrase Bannatyne Duncan on Google. Add hundreds of other popular search engines into the mix and you will see just how popular Duncan Bannatyne is.

Duncan Bannatyne Art Of War Business Strategy #1: Harness The Power Of Teams

Although the phrase, “No problem is insurmountable. With a little courage, team work and determination, a person can overcome anything,” doesn’t come from Duncan Bannatyne. It is especially relevant to the professional business demeanour he displays in DD TV.

Viewers of the DD will have witnessed Duncan Bannatyne drilling down through an entrepreneurs pitch to identify the team members behind the business.

Duncan Bannatyne Dragon Slayers Tips For Business Success #1: Be Prepared

Duncan Bannatyne Art Of War Business Strategy #2: Excesses Spell Trouble

During one episode of the DD TV it was a joy to watch the faces of fellow Dragons Peter Jones, Theo Paphitis, Deborah Meaden and James Caan as Duncan Bannatyne outlined how excesses spell trouble. He cited the paper clips example at one of his companies.

Duncan Bannatyne apparently refused to allow the business procurement officer to buy any paper clips for the office, as he felt his staff should simply use the paper clips from old files.

Duncan Bannatyne is known for keeping a careful eye on finances and spending, so woe betides anyone pitching for his money that is looking to buy huge volumes of stock or products, even though they haven’t identified a buyer for them.

Many aspiring dragon slayers have had their dreams smashed into oblivion by adopting this approach with Duncan Bannatyne. Viewers of the new DD 2010 will no doubt be looking for victims who don’t grasp the concept of excesses spell trouble.

Duncan Bannatyne Dragon Slayers Tips For Business Success #2: Know your Financial Figures

Duncan Bannatyne Art Of War Business Strategy #3: Do Your Due Diligence

As one of the original DD TV investors, Duncan Bannatyne is well aware of the need for in-depth due diligence. Frequently you will see Peter Jones, Theo Paphitis, Deborah Meaden and James Caan look to Duncan Bannatyne as he probes for due diligence answers.

Sun Tzu warned against remaining in ignorance of the enemies’ condition because one grudges the outlay of a hundred ounces of silver in honours and emoluments. He stressed that considering the cost of war, it is the height of inhumanity not to pay for knowledge that will assist victory.

Dragon slayers beware, any tips for business success on the DD, especially the new Dragon’s Den 2010 series will only forthcoming if the Dragons feel you will pass due diligence.

Duncan Bannatyne Dragon Slayers Tips For Business Success #3: Know your competition

The Dragons’ Den James Caan Profile

Since his first appearance in third series of the DD, James Caan has become a very popular member of the DD TV series. Over 90,500 people search for the name James Caan every month. Although this figure is grossly distorted due to most of these searches being for James Caan the Hollywood actor.

However a further 2,400 searches for the key phrase James Caan Dragons Den, occur every month on Google. Considering Google is only one of several major search engines online this offers a clear indication of James Caan’s increasing popularity.

James Caan Art Of War Business Strategy #1: Employ The Right People For The Job

In the DD TV series, many aspiring dragon slayers pitch to the likes of James Caan and Duncan Bannatyne. Frequently these would be dragon slayers run small to medium sized business enterprises staffed by friends and family members.

This tactic is not always endorsed by business magnates like Peter Jones,Theo Paphitis and Deborah Meaden. The loose investment partnership of James Caan and Duncan Bannatyne seem to understand that one of the DD tips for business success, is the real need to employ the right people for the job.

James Caan Dragon Slayers Tips For Business Success #1: Find A Business That Both Interests & Excites You

James Caan Art Of War Business Strategy #2: Go Where There Is No Competition

Many business owners will be studying the new Dragon’s Den 2010 series. A large number of business growth consultants I have spoken to anticipate one of the new tips for business success to be delivered to aspiring dragon slayers will be, to go where there is no competition.

Labelled The People’s Investor, James Caan will no doubt agree with this tactic, maybe more so than his fellow Dragons, Duncan Bannatyne, Peter Jones, Theo Paphitis and Deborah Meaden. Although he is the latest Dragon to appear in the DD, James Caan will be a tough opponent for any dragon slayers.

James Caan Dragon Slayers Tips For Business Success #2: Develop Your Own Style, Personality & Confidence

James Caan Art Of War Business Strategy #3: Never Underestimate Your Opponent

Viewers of the DD TV will know that James Caan is no advocate of underestimating any business opponent.

In fact in previous episodes of the DD James Caan and Duncan Bannatyne have aligned together to snatch a lucrative investment opportunity from under the noses of rivals Theo Paphitis, Peter Jones and Deborah Meaden.

James Caan can only have ever achieved this by not under estimating his opponents on Dragons’ Den TV.

James Caan Dragon Slayers Tips For Business Success #3: Where There’s A Will, There’s A Way

Tip: Dragon slayers beware, the new Dragon’s Den 2010 series is scheduled for broadcast in 2010.

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Why Sun Tzu Strategy Of War Is Applicable In Today’s World

Business Strategy

The book The Art of war written by the Chinese military Sun Tzu is one of the most famous book of war. This war book was written by Sun Tzu after winning the years of battle for the control of China. Most of the military readers found a holistic approach on Sun Tzu strategy of war. In this book, he explained the strategy required to win a war. Soldiers and politician are inspired by this in achieving victory. People all over the world and a number of growing business organization are applying Sun Tzu’s Art of war strategies in life, business, politics and worldwide.

There are six principles of Sun Tzu war strategy. They are as follows:

1. The first principle is winning all without fighting that is achieving the objective without destroying it. This principle has able the ruler of the states-nations to create a stable environment for peaceful survival, become stable, expand, dominate their neighbors, and ultimately prosper for hundreds of years.

2. The second principle is avoiding strength, attack weakness means striking where the enemy is most vulnerable. This principle discuss on how to win All-under-Heaven intact.

3. The third principle is Deception and Foreknowledge means Winning the Information War. This principle discusses Speed needed in war. Take advantage of the enemy’s unpreparedness; travelling unexpected routes and strike where no precautions has taken. Speed is the essence of war.

4. The fourth principle is Speed and Preparation that is Moving Swiftly to Overcome Resistance. Wise and careful planning are the only solution to defeat the enemy easily. Different tactics should be used to deceive the enemy.

5. The fifth principle is Shaping the Enemy and Preparing the Battlefield. A battle field can be prepared after shaping the enemy.

6. The sixth principle is Character-Based Leadership. Leading by Example.

Sun Tzu strategy of war created the most enduring umpire in the history of China. When this classic book was translated for westerners, a significant impact has been brought to the western leaders on how to conquer the nations. The success of war strategy knowledge was soon spread to the ancient military leaders and gradually to present world in business and politics. The war strategies of Sun Tzu is quite helpful in achieving the aim and objectives of life. People who read this classic book have influence lots. The inspired people have applied the strategy in real life and have been able to built the largest, successful and powerful company of the world.

Use Revolving Credit And Pay Off Your Mortgage Quicker

Business Strategy

Revolving Credits are one of those gems that financial advisers like pull out to look intelligent. They are not for everyone, but in my opinion Revolving Credit can’t be beaten! They are flexible and (done the correct way) can help you pay your mortgage off in no time. You can easily reduce the term of your mortgage by 5-10 years and (if you have a mortgage over $300,000) save up to $80,000 in interest.

Because while it isn’t the only path toward financial independence, it is a trusted method that works well with a little discipline.

How does it work?

Using a revolving credit you can place part of your mortgage into your transaction account. It will seem like dealing with a big overdraft but at mortgage interest rates. Any additional money in your transaction account successfully reduces the mortgage balance and therefore you pay a lesser amount in interest.

The main reason many people tend to disregard revolving credit is that is can sound too complicated to the uninitiated. After all, if you handle your mortgage and everyday living transactions all from a single account, what’s to stop it from becoming one giant financial mess? How can you be sure if you’re doing the right thing? And how do you protect yourself from dipping too far into your mortgage money when it appears to be right there to spend?

Multiple Transaction Accounts

The easy answer to working with a Revolving Credit well is to have two transaction accounts, particularly since most banks now have free or reduced cost electronic transaction accounts.

We suggest having your income/wages paid into the Revolving Credit. Your standard costs and the mortgage will be paid from the Revolving Credit. But, for daily expenses set up a weekly automatic transfer to a second transaction account and use that one.

Budget is crucial for anyone with a mortgage, and the easiest budget to utilise for any home owner is based on the premise that your costs should never be more than your earnings. Of course unexpected expenses are sure to crop up – especially if you are taking care of a family – so if you do think you need some more cash you can access this from your revolving credit in emergencies. Making the conscious decision to transfer money out of your revolving credit and into your daily transactions account is far safer than just using one large account, so make this strategy the first thing you put into practice in your revolving credit strategy.

A different popular option for people comfortable with using a credit card is to pop your day-to-day costs on the plastic and then pay off the credit charges ENTIRELY from your revolving credit before the end of the month. As long as you can cover all charges before the credit card company can start charging you interest, using your credit card is a fantastic option because it keeps all your money in your account for longer – therefore cutting down the interest on your mortgage as much as you can. Not only that, but you’ll also have the added advantages of being able to score reward points or even frequent flyer points by using your credit card, so you can indulge yourself for all your successful budgeting work without having to shell out a cent.

What percent should my revolving credit be?

It’s best to speak to your financial advisor for the best guidance on how much you should initially set your revolving credit at. Based on your earnings and costs, most lenders will approximate the percentage of your mortgage you will be able to pay off within a couple of years. This sum will form the foundation to work out how substantial they make your revolving credit.

With the rest of the mortgage we tend to set it to a 25 year term and focus any additional repayment onto the revolving portion. When your fixed rate matures we can then decrease the fixed rate mortgage by transferring some of it across to the revolving credit, and start over!

As well as being able to become debt free faster than you might have ever imagined, one of the other significant advantages of the revolving credit strategy is flexibility. This method of mortgage management not only lets you to become free-hold faster, but is flexible enough to continue to meet your requirements if and when your situation changes. Planning a family? Do you need to slip back to one income rather than two? Revolving credit can even allow you to slow down your repayments if you ever need to, making it a wonderful tool to future-proof your economic stability.

Zero Loss Strategy In Forex Trading

Business Strategy

This post will irritate many and possibly most forex traders and I say good. Actually I do not give a damn if any of you learn this article.And it is secondary to me that most forex merchants are silly or at best, sick-informed. It is secondary to me that I profiteer drastically every single day and without fail and most idiot merchants lose it all.

The reality is that the majority FX merchants are sheep who blindly drift alongside a confused path of marketing hype and most foreign exchange trainers are only huge-noting “expert status” all the time utilizing greed only pursuading the plenty one thing under masks of “guru”.I’m simply totally different as a result of I reliably and predictably make a not special $30,000 clear free cash flow profit most trading days and I have never any interest in selling you anything. There’s not a factor you should buy from my website.With the appearance of computer-primarily based Platforms Buying and selling, the palms-on however felony 4x dealer out of the middle-man market manipulations that dealing-desk trading was previously corrupted with – us retail traders have extra of an trustworthy capability to revenue from the markets. The Platforms Buying and selling mechanism is extra fair.

Although there’s nonetheless brokerage homes that scam trades through platforms trading – mostly it is just stupid buying and selling that generates losses.Anyway, with all that mentioned, let’s now get my most annoying reality on the market to be considered so you’ll be able to all vomit, and rant and rave that I in fact am a complete lunatic. Right here it is now said;”Stop Loss concepts do NOT Stop Losses – they CONFIRM LOSSES”.I state it is totally unsuitable to shut foreign exchange trades that are exhibiting a loss when with ninety five percent that commerce might be exited from with profits at some later time.Getting in your face about this – any 4x buying and selling place that dropping floor now will invariably be in or worst case break even at some future time because of modifications in market herd mentality, information occasion, Fibo retracement or whatever – almost at all times a damaging worth action immediately is unbelievable tomorrow.And due to what I am arguing here about worth motion is very true, exiting a bad 4x commerce ever is nonsense!One of the best action to take with respect to shedding forex trade is to hedge that commerce by the use of an opposite. That hedged commerce instantly neutralises any and all additional injury to your bottomline and it offers you time to replicate on what you motion next.

Frequently when and if costs continue to go against the primary order – I then hedge again and it’s common that I will multiple-hedge a nasty trade five or ten occasions!Eg, assume I open a lot and it goes dangerous which I immediately hedge – and I normally hedge it on the price most fool merchants would have exited it with a cease loss concept. As the worth motion is now going loopy in favor of my hedge, every strong probability I get I’ll open additional hedges. Before I know it my bottomline equity is effectively in front of where I was with only the one trade, and certainly I am manner into income ahead of the sheep who would have used a Stop Loss setting.It was humorous watching the NFA as it tried to inflict its willpower on the retail forex dealer banning its member brokers from facilitating hedge trading. And what a fool the NFA made itself out to be – given that all professional and smart money simply took their business exterior of the USA. The effect the NFA had significantly broken the United States as a monetary heart; further confirming London as the house of most currency action.

Even those fx brokers with United States operations shortly migrated these client accounts who demanded hedge capabilities off-shore – end of story. Smart money demands hedge capacity. Idiots with stupid cash don’t hedge uses Stop Loss concept.This article is directed on the heart of one of the idiotic issues ever about trading. It is probably not rocket science individuals – nevertheless it seems sense just isn’t so common.

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