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Tag: residual income

Connecting With Millennials

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A decade ago, you’d be hard-pressed to find anyone in business who thought 20 and 30-year-olds were prime candidates as serious business partners. That has changed. Millennials, an era that starts with those reaching young adulthood around the year 2000 (actually those born anywhere from 1980 to 1999), have access to technology, communications, and publishing that simply wasn’t available decades ago.

They also have the capacity to utilise it in ever expanding and creative ways. As a result, they have much to offer in the new social media boom. Experian Marketing Services reveals latest demographic trends about these Millennials, who they call ‘the most diverse, informed and connected generation in the Western world.’ Here’s a complimentary copy of their report, Millennials come of age.  Read More

9 Tips For Successful Team Players

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Are there benefits from working within a team?

Wikipedia states that a 2003 survey (HOW-FAR) revealed that Americans think that being a team player was the most important factor in getting ahead in the workplace, and in the community. In brief, a team of people can achieve far more than the sum of the total of the individuals skills alone.

The primary benefit of teamwork is that it allows any group of people to achieve something that an individual working alone cannot. The total value created by teamwork depends on the overall effectiveness of the team effort. Working in a team can be rewarding, but at times it can be difficult and downright frustrating. If there are poor communicators on your team, you may often feel left in the dark, confused or misunderstood.

If the leader is not clear in their direction, is not consistently showing the way, is not modelling what’s required, and is not educating, clarifying, reminding, supporting and encouraging those who are not participating fully, then the whole project fails. People want to be part of a team, but their self-esteem often gets in the way of them playing full out. Read More

4 Keys For Budding Entrepreneurs In Business

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First used in 1723 to emphasize a willingness of the entrepreneur to assume risk and to deal with uncertainty, today the term entrepreneur implies qualities of leadership, initiative and innovation in business. Economist Robert Reich has called team-building, leadership, and management ability essential qualities for the entrepreneur. Some say the entrepreneur is a risk-taker while others consider the entrepreneur a “planner”. I say they must be both, to have ultimate success.

Ultimately the entrepreneur is defined as an individual who organises, develops or operates a business or businesses. Wikipedia says successful entrepreneurs have the ability to lead a business in a positive direction by proper planning, to adapt to changing environments and understand their own strengths and weakness. The entrepreneur is commonly seen as an innovator — a generator of new ideas and business processes. Management skill and strong team building abilities are often perceived as essential leadership attributes for successful entrepreneurs.

Being a leader in de-construction, an entrepreneur is willing and able to convert a new idea or invention into a successful innovation. Creative destruction is largely responsible for long-term economic growth, and entrepreneurs employ what another economist Schumpeter calls “the gale of creative destruction” to replace in whole or in part inferior offerings across markets and or industries, simultaneously creating new products and new business models.

Entrepreneurship, first coined in the 1920’s, is the process of starting a business or instigating a new idea, and we wrote about it in back in 2011 in Entrepreneurs In Business. Read More

Want A Silver Lining?

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If you want to create security for your future YOU need to create it. Times of economic uncertainty have always been times of great creativity. Are you ready to start creating a way to escape the rat-race, the 40 hour – 40 year plan of last century?

That might seem daunting, but there is a silver lining. And it is that a recession is the best time to start something that would usually be way outside your normal boundaries. We’d like to share how doing that will benefit you in so many ways you probably won’t believe it. But, what if it were true?

Does an income unlimited by anyone but yourself sound too good to be true? Well, if you think I am talking about a get rich quick scheme, then you would be wrong. If you think I am talking about a way to make money that isn’t going to take any work, then again you would be wrong. If you think I am talking about making a difference in people’s lives, of doing things that others may ridicule you for because it might be against mainstream thinking, then you would be right. So why would you ‘sign-up’ for that, you might be asking?  Read More