Successful Business Leaders

High Energy Levels

All successful leaders have lots of energy. They work with passion, drive and enthusiasm. They know what and who energises them and ensure that their energy levels are sustained or replenished on a regular basis, by spending time doing the things that matter to them most and being with people who are most important to them.

They take a holistic approach to their life and work: they look after their mind and body, their relationships and their spirit, to energise and re-energise themselves as necessary.

Their energy and enthusiasm is infectious.

Work/Life Balance

Now this phrase may have gone out of fashion in recent years, but I believe the essence of it is key to the success of many business leaders.

Although the best leaders have a passion for work, for learning and for being and doing their best, they also lead balanced lives. By this I don’t mean they spend an equal amount of time both at work and away from work (although they may!) What I do mean is that they look after their health and welfare, they pursue hobbies, have fun and spend time with the people who are important to them.

They realise that life is for living and that they’ll only get one chance to do it well!

They love their life and the part work plays in it, although to them work often doesn’t feel like work because they love what they do so much!

Ways to Kick Start Your Cash Flow

Hold a Sale

You reduce inventory while brining in some quick cash. Offer a discount or other incentive to customers who pay now.

Ask for Payment in Advance for Recurring Services

If you are offering web-hosting services, for example, offer one month free to customers who pay up front for 12 months hosting.

Lease Your Equipment

Purchasing equipment ties up large sums of money. By leasing, your money is freed up to be used for other purposes. Often it is possible to lease a variety of equipment — including office equipment, computers, software, telecommunications equipment, vehicles and more.

Joint Venture with Another Business

Find a business offering services or products that are compatible with your own and offer to promote each other’s business. For example, if you are selling health food products, offer to cross-promote with a business selling fitness products. You’ll both enjoy increased sales.

Obtain a Line of Credit

Bank credit is usually subject to standard ratios of debt to equity, working capital and profitability.

Factor Your Accounts Receivable

Sometimes known as “invoice discounting,” factoring is the selling of your invoices (accounts receivable) for cash, instead of waiting 30-60 days to be paid by your customers. Businesses of all sizes use this tool — which is available through various specialized financial institutions. The funder buys your receivables at a discount — leaving you with enhanced cash flow. Not all invoices will be appropriate for factoring. The customer must be a low credit risk, there must be evidence of the transactions (such as a signed delivery waybill) and the customer must verify that the debt is owed.

Equipment Sale Leasebacks

You can use equipment that you already own to secure financing. By transferring equipment assets onto an equipment lease, you can recover up to 1001f the equipment’s value. The equipment remains in your own premises and you can continue to use it. You must own the equipment free and clear to go this route.

Ask Suppliers for Credit

Or, ask them to extend your credit. Another possibility is to discuss loan or consignment shipments from your suppliers.

Stop Producing Dated and Low Profit Items

Stick with your core product until sales improve.

Cut Back on Stock or Inventory

Ask suppliers to buy back stock at cost. You will have to allow them an administrative fee. Order supplies or inventory on an “as needed” basis. Alternatively, you could contact other small businesses that stock the same inventory as you do and discuss the possibility of bulk purchasing.

Find Merchant Account Credit Card Processing Rates

Unfortunately, in the merchant industry, it is not always as easy as comparing “A” to “B”. There are a plethora of diverse billing structures, charges, and fees that make it very difficult to understand just how one service stands up to another.

So why don’t we see how to find, compare and choose the ideal merchant account for your unique small business…

To start with, you have to locate a minimum of 3 separate financial institutions – these could include a bank or credit union who can sign you up for their merchant account. Also, you should locate different merchant providers by utilizing Internet search tools that provide particular benefits. There is a standard approval procedure that both the banks and the merchant services use. The following information will be required in order to process your application:

  • A business plan that is feasible,
  • A credit history free of significant blemishes, and
  • Proof that you are able to pay (and have to ability to continue to pay) the charges related to a merchant account.

It of great benefit to you to research the ins and outs of the fee structure charged by each of your potential merchant services companies and/or banks that supply merchant accounts. There are many providers who fail to fully disclose their terms and conditions until you actually sign up for the account – so you might need to ask them for a copy of their “T&C”. This way you are able to understand just how much it will truly set you back to use that account. In any case, make certain that you totally comprehend the terms and conditions before going with that company.

Things to look out for are:

  • Charges to cancel (how much, details, contract duration)
  • “Variable” or Introductory Discount Rates – the discount rate is the largest component in deciding just how much the true charge will be to accept credit cards. Make certain that the rate is single, locked-in, and non-changing. If it’s on a sliding scale, or can be altered without notice – run, don’t walk…
  • Free Equipment Offers – their return policies on the equipment are the most important to find out in this respect – for example, if the equipment is “damaged” at all, many times you are liable to substitute it at full market value – this can be extremely costly….

Now that you have that rudimentary information, to get the best possible credit card processing rates shop many different companies. The options are plentiful, and pricing plans and incentives are available for setting up a merchant account – each one highlights a specific facility. Finding out which one suits you the best is to your advantage. Some companies waive the installation fee, but others have a one-time overall fee and throw in other facilities at no charge. Each provider charges a discount rate, ranging from 1% – 5% and up, based on the type of account. A transaction fee, ranging from $0.05 to $0.25, is generally included.

If you want to get the best deal on credit card processing rates, you will have to do your homework well. Thoroughly search for the best priced terms and conditions – but make certain the company has a good reputation. You certainly don’t want to get stuck with a company that is lacking in the customer service department, particularly when your money is on the line!

Things to consider when looking for a good merchant services company include your average number of transactions per month, your profit margin, your average order size, and number of times you will be taking credit cards from your customers. Obviously, retailers with a lot of volume will focus on lowering their discount rates and per-transaction fees as much as possible more so than their monthly fees. Conversely, small and micro-businesses with a bigger order size, but smaller transaction volume are able to be a bit more flexible with the discount rate and transaction fees. They turn their focus primarily on lowering monthly/minimum fees.

Respond To Victory And Defeat

Go Ahead and Celebrate

This does not mean you shouldn’t celebrate the minor victories that happen every day in your business. On the contrary! Expect and celebrate those victories both big and small! The reason you are here – in business for yourself – is to have those great days, right? Just keep in mind that if you get too day-dreamy, this can distract you from doing the required work to build on your momentum, bring you to the next victory, and improve upon the positive results you just experienced.

Keep Your Chin Up

Likewise, when those inevitable disappointing times roll around, remember again to remain focused on your bigger vision. Regardless of the reason for the temporary defeat, no good will come out of you moping about it. Especially if you end up losing your drive because of it. It’s not worth it! Don’t let a temporary set-back or client cancellation distract you or take you off course. Feel the disappointment, reflect on the experience, look for the lesson, and move on.

Stay on Course

It is important to recognize that each business situation we experience is only temporary. Learning (and practicing) to respond to each of them in a similar manner will better equip you to do your best for your clients, your business, and yourself, without allowing distraction to cloud your judgment.

So, please don’t get too emotionally involved with the temporary outcomes of victory and defeat. They come and go, right? Instead, stay focused on being your best in every aspect of your business and life. That’s the long-term secret to success and fulfillment.

Reasons To Use an Event to Promote Business

You can invite people outside your world to come to your event and they get to meet you, they get to see how you interact with the crowd and it either turns them on or off. An event can be online and still there is a perceived credibility to someone who puts their voice, their face firmly in the public eye. It gives a feeling that you are not a fly-by-night business wanting to take the money and run off.

  • You are exposed to a whole new audience
    Again, you can invite people outside your regular circle to join in the event. This adds to your credibility.Also, you can join in on other people’s events and that way, you get to share their credibility. It literally rubs off on you especially if you get to speak in front of their audience. The prospects tend to think that if you are credible enough to be trusted by someone they trust then there is a chance that it is worthwhile doing business with you.
  • You can build your list of prospects.
    Building your circle of influence is absolutely critical to your business. In fact, your contact list is considered by all business experts to be an asset. IF you ever go on to sell your business, having a solid, substantial and responsive mailing list will help ensure the sale goes through at a great price.
  • It is a media opportunity
    Your event is usually worthy of a mention in the press so putting on an event gives you a reason to get some attention from the media. You must of course, let them know with a piece written for that purpose and send to local newspapers as well as online publications.
  • It is an opportunity to thank current customers
    An event held just for your current customers is certain to generate a few referrals as they feel part of a community and cared for. They return the favour by suggesting you to their friends.

 

Make Money Instantly

Problem 1 – You have no freedom

The lower your position is in the workforce, the more people you have to answer to. Each day you have many tasks you have to complete that are assigned by your bosses. Unfortunately, you can’t choose which tasks you want to perform or the order in which you want to perform them. Until you learn how to make money instantly, you will always have to answer to the multiple people above you.

Problem 2 – You are bored

Corporate America usually only offers a repetitive and mundane life. Life is all about surprises and opportunities. You are bored everyday because you are stuck in a 5 by 5 cubicle, staring in a blank white screen. Unfortunately, routine behavior will numb your mind whereas unpredictability will engage your mind.

Problem 3 – You realize this reality is a lie

Unfortunately, as a generation, we often think as soon as we get the degree our lives will change and we will be happy. Happiness reflects on ambition and success, not the kind of car that is in your driveway. It is better to struggle to make ends meet doing something you love rather than relishing in a company that you are miserable in.

Your solution – Here Is the Answer

The answer on how to make money instantly and earn seven figures every month is to own your own home business. Owning your own home business will resolve many issues in your life.

To succeed in the home business world there are some skills you will have to acquire.Luckily for you, there are many trained, and well organized experts who offer free reports to anyone looking to escape the 9 to 5, join the new wealth club, and live in the location of their dreams.

Way for Community Entrepreneurs

Laser sharp vision

Community entrepreneurs have a clear idea of what they want to achieve – both physically and in terms of impact on the community. Their vision is ambitious and ground breaking by anybody’s standard. Their challenge is not just to get the interest and support of the community, but to keep the community patient as all good things take time to build.

Mind over matter

Bringing a new idea to fruition requires strategic thinking. People can be suspicious of anything new. New ideas challenge those who are slower to accept change. From the start community entrepreneurs think and plan above the fray.

Conserving energy to focus on achieving results, community entrepreneurs focus on big picture thinking. Don’t try to bog them down, they will find a way to move ahead no matter what the obstacle.

The language of change

To be effective, they must be able to understand and communicate well to influence change. These groups operate within the community so the change they are influencing impacts on them as well. They are already talking the language of the community.

Their role is to motivate and lead through dialogue within the community and get the support of stakeholders and other agents of change to achieve the desired results. Failure is not in their vocabulary.

Shouldering responsibility

Leadership is a responsibility not to be taken lightly. Along the way others may want more control or will fade into the background when things are not going to plan. Individual personalities can make or break a community venture. At some point the group leading the project must step forward and own its responsibility, especially when it comes to finances, resources and process.

Maintaining a steady balance

They leave the knee jerk reactions to others. Negotiations require a steady nerve as they walk the tightrope of change. Navigating obstacles, ducking the slings and arrows of opposition, community entrepreneurs harness their vision and start with a goal and use a plan to get there.

Forward momentum

Community entrepreneurs are going places. No looking backwards for them. Propelled by positive energy that permeates throughout the community, they will succeed.

The only thing holding you back is your own self-doubt. Group think can get bogged down in dogma. Smash the chains once and for all and bring the dream to life.

Is your group the next generation community entrepreneur? Congratulations. There’s no better time to start than now. Don’t let self-doubt win before you begin.

The Community Entrepreneur is a company set up to support aspiring community entrepreneurs through the challenges and opportunities that must be addressed in order to achieve long term success.

Info Accounting Practice For Sale

The founders of Accounting Practice Sales are CPAs who have spent a lot of their time buying and selling tax practices with huge success. There are plenty of companies or websites that can help you out, they can perfectly match buyers and sellers whether it is an EA firm, CPA firm or a tax practice.

Wondering on how you can purchase an accounting firm for sale? If you are ready to expand your existing business or if you are planning to put up a new business, there are some ways you can do in order to be successful. You can look for listing of accounting practices for sale in your area.

Do you know any step to purchase an accounting practice? Have you already search accounting businesses for sale in your area?

Do you want your business to grow even further? So are you looking into buying an accounting practice? Accounting Practice Sales really grew with their own businesses in the same way.

There are companies or websites that are dedicated to find you the best accounting firm, tax business or accounting practice for sale, the one that will suit your needs with regards to location, size, financing, cash flow and also practice area. There are websites that can offer you the fastest, simplest and most effective way to expand your business.

Usually, Accounting Practice Sales doesn’t offer tax practice for sale without any fixed price at closing; this is actually a condition to most buyers.

You can try to look with the accounting practice listings in order for you to find the best practice that suits your needs. If in case, you can’t find the best practice in the listings, you can work out with practice owner who can discuss selling with you.

Are you looking for CPA sales broker? You can work out with sales broker; he or she can help you out. This sales broker can help you reach your goals and can help you achieve your dreams.

Sales broker can determine the best asking price for your business, since this sales broker uses time-tested strategies. The main aim of the sales broker is to create a price that will work for both seller and buyer. But of course, you have to spend some of your time to research for the best company and sales broker that can help you out.

The sales broker or the company can mitigate with the confusion between the practice owners and buyers. They make sure that the both side can tell what they want. If you are having troubles like finances and so on, they can help you out to prevent such troubles from rising into large-scale disasters. These companies and sales brokers use a lot of strategies regarding marketing tax practices for sale, so you will be assured to have potential buyers.

Factors Of Successful Business

  • High Quality: When you are starting a business, whether it is an online venture or one that has a physical address, the most important aspect of the business will be the quality of your services or products. Customers are more than willing to pay a higher price if they find that the quality of the item or service is worth it. Believe it or not, clients are annoyed not by a high price of an item, but about the service or product that does not deliver, even if it is the cheapest option around. Clients expect something great for their money even if it’s just a dollar.
  • Excellent Customer Service: Having a reliable customer service adds value to the overall customer experience and makes you stand out from your competitors. Making it easy for the customer to refund, return, or exchange can do wonders for your business. Offering a guarantee will also enhance the customer service experience. But you’d be surprised to know that many business miss this important aspect for fear of losing money if they make a great refund policy. Being open and having a great refund policy to back your wonderful services or products shows the clients that you are confident in what you are putting out to the world. Being confident in your services or products provides the client a higher inclination to buy from you.
  • Up To Date: Whether you work in the fashion industry or IT, there are trends where things will come and go. Keeping up to date on the latest in your industry will keep your business on it toes. Staying out-dated and behind the curve will leave you with less and less clients as time goes by. Clients pay for innovation, expert advice, latest material, and the latest products. You must prove yourself as the primary expert in your field and to do that you must be up to date on the latest in your industry. Whether it means continuous training in your field or seeking out the latest technology, you must be aware of all that is new in your area of expertize.

Benefits of Self-Employment

  • More money: There is a common belief that people tend to earn more money in self-employment programs. The reason is that the more you work, the more you earn. When you are doing a paid job, you are under the requirement of working for long hours and most importantly you have to perform your best so as to receive good comments from your boss. This means that your performance is profit for your boss. On the other hand, if you work for longer hours and perform best, both appraisal as well as money will be yours. So which aspect is more beneficial? The decision is yours.
  • Less stress: Being self-employed allows your stress level to reduce at a greater extent. You do not have to work on late hours or bring your office work home and work all night. Moreover, you can also move from one project to another at anytime you want and you will not also be directed by anyone, as is the case under paid jobs. Additionally, such an act will only add in your portfolio thereby making it diverse. Handling such a situation under employment can be looked from the fact that an employee is switching his job after six months and is attempting to justify this act in his next interview.
  • Better balance in work and personal life: Since, you do not have to work for late hours or bring in work home; you are in a position to spend more quality time with your friends and family. Moreover, if your self-employment idea is home based, then you can handle all your home chores even better as compared to a routine in which you have to do a regular 9 to 5 job.
  • Attain the satisfaction of being your own boss: It is not a matter whether you are a single self-employment individual or have many employees working with you; the main thing is that you are self-employed and an entrepreneur. When anyone asks you about ‘what do you do?’ or ‘who do you work for?’ you can say with pride that you work for own self. This is not present under employment conditions as many people when asked the same questions do not appear to be happy with their present employer or job.
  • The expenses are tax-deductible: IRS allows various business related expenses to become tax-deductible. However, this aspect is quite sensitive since, different people interpret this factor in different ways. In order to handle this situation in the best possible way you can hire the services of a tax accountant. Through this way, you will be surprised to see those items, which can be claimed, as deductible business expenses. Even the smallest item in your business such as mileage or business meals can add up towards a significant amount when calculated over time.
  • Financial responsibility: Being self-employed allows you to have the opportunities to manage your finances in a more responsible manner. Moreover, you no longer have to rely on your regular paychecks. Having the financial responsibility in your hands will help you to save some money for a rainy day and to get the best possible value for all the purchases made by this money. Although, not many people consider this factor to be an advantage but looking at the positive side you do not have to worry about your finances anymore.