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Friday, January 25, 2013

The Ultimate Guide To Finding a Business Attorney

  I've just read a fascinating guide by David K. Staub - Finding and Selecting a Business Attorney

Legal issues are affecting every step of your business... Whether you love or hate them, they will always be around. So, you'll need someone to explain and to manage them for you. That person (business attorney) is crucial to the success of the business, wrong  attorney could paralyze your business in a short time.

That's why this article is so important. I'll use it as a checklist next time I need a business attorney, and so should you. 

Friday, January 18, 2013

How Interruption Can Destroy Your Business

I've recently stumbled upon a great article by Steve Pavlina, Please Don’t Interrupt. I think it's worth reading especially for business people, although the idea is nothing new.

We all know it's bad to check email, twitter, facebook or talk to someone while we work, especially if you have limited time to do the job. Some people think it's no big deal. But it is.

For example, imagine you are writing a plan for your new business. Your wife come and ask you something. You answer to her, and she leaves. According to the article,

"...on average it takes them 23 minutes to get back to the original task, plus up to 30 minutes to return to the flow state so they can be fully productive again."

So, you will have to work extra time, probably 40 minutes or so. Imagine that you check your email once and that you visited your favorite forum once, while planning your business. That is almost two extra hours of work. At the end, you worked +3 hours, and achive results equal to one hour of work.

And you will probably need 20 or more hours of work for business plan. If you decided to work 3 hours a day and you get interupted 3 times each day, you will need +20 days, this is hard and you'll probably give up. Without the interruption, you will need 6-7 days.

How you can remove interruption from your life? In my opinion, there are four simple steps:

1. Identify the interruption. You could write the "jurnal of interupptions." When someone or something interrupt you, write what it is. But don't include any emotions, just give the strait facts. Don't write 'story' about it, only write what it is. For example, don't write: " I checked  email (again) becouse anytime my boss/investor/relative will send me the picture of..." Write: "I checked email."

2. Analyze every interruption. You can do it with a simple question technique to determine the root cause of interruption. For example: "Why my wife interrupted me?" "Because she didn't know that this is really important to me."

3. Create a strategy to stop the interruption. Write what you down on paper, or word processor: "How can I stop the cause of interruption, before it occurs?" Then write an answer. For example, if interruption  is about your favorite social media addiction, "I can turn off the internet, or delete my social media account."

4. Implement strategy, but do it one at a time.  Don't try to stop all the bad  interruptions immediately. That won't work in practice. You will stress yourself out. First master one of the harder  interruptions, then another, and so on.



Saturday, January 12, 2013

How many business cards you give out

Today I want to talk about one of the most powerful business tools to date! Business cards. How business cards can grow your business and make you more money? It's simple. Focus on making new connections and your business will grow big time.

Business cards are small pieces of paper with your contact information that you give to anyone who wants to take them in hand. This gives the person the opportunity to contact you. And every new person is new asset for your company. That person could become a new Chief Financial Officer, new customer, new investor, new great idea... (And of course, you shold take business cards from other people as well.)

Think about how many business cards you give out... 50 per month? 100 per month? 500 per month? Is that enough?

No, it is not enough! Anything below 500 cards a week is not enough!

Just think for a moment what will happen if you give out 500 business cards inone week... That is lot of paper, lot of people and a lot of opportunity...

Altmost every company made a big growth only after some people begin to talk to each other. McDonalds growth started when salesman Ray Kroc met with the McDonald's brothers. Google was founded by Larry Page and Sergey Brin, good friends at Stanford University. Standard Oil began as partnership between John D. Rockefeller, William Rockefeller, Henry Flagler, Samuel Andrews, Stephen V. Harkness, and Oliver Burr Jennings.

Number of your contacts is the biggest "shortcut" to building a successful business and you must use every tool that you can afford to make more contacts.