by Ahmed Hossain | Aug 28, 2019 | Business
It is very imperative that mankind becomes more conscious of the inalienable important of foreseeing inform every individual’s destiny. As a writer observes, “Beware of your thoughts because they become your words. Beware of your words because they become your wars. Beware of your wars because they become your practices. Beware of your wonts because they become your courage. Beware of your personality because it adjudicates your destiny.” This adage speaks highly eloquently on the fact that it is not how you are that chooses how you think. To the contrary, it is how you think that measures how you are. In other texts, how you think determines how you speak and behave, as well as what you achieve.
You should beware of your thoughts because they are so potent that they have the potential to determine your fate. It is a fundamental truism that you cannot do whatever it is you did not think of, for as long it is a self-conscious number because actions are products of dreams. However, there are two categories of wars – behaviors and habits. Actions are exhibited seldom, but attires, according to Aristotle, are behaviors that become part of an individual. Acts could be consciously executed but attires are subconscious to an extent because they are part of an individual.
Habit is otherwise called attitude. This is the primary factor that establishes your destiny. If you want to predict future developments, all you should do is to examine your postures. This is why it is commonly said that your attitude to life resolves your altitude in life. The detail being argued is that your thinking is very powerful in determining your future in every aspect of your life. Most regrettably, many parties are unable to achieve a happy and successful life, especially in their business, because they lack success-friendly reckons. They destroy their macrocosms from within themselves with their minds.
“More money induces more problems” is one of the most famous spurious beginnings of fund that has been sold to humanity over the years. It is a Poverty Myth. Poverty Myths are poverty-friendly’ the idea of’ and’ acceptances about’ fund. They have been popularised over the years to the extent that they are uncritically accepted by most people as axiomatic. They are poverty delusions because they are inimical to monetary success. There are more poor people than rich people in every society because these illusions, which are poverty catalysts, are more common than Wealth Myths.
But is it really true that more fund campaigns fund difficulties? Can you purge yourself of the impacts of conventional deliberation before responding to this question? If it is true that more fund justifications more troubles, the implication of this, unarguably, is that less money creates fewer difficulties. But can this claim exceed the test of a meticulous critical investigation? Is it not possible that the problems of some people will be reduced with their purchases of more money? Is it also not possible that some people’s difficulties increase with the arrests of less fund?
Since it is obvious that most people’s problem is fund, and that their lives will be better if they acquire more fund, why can’t the maxims, “The less fund you have, the more difficulties you have”, and “The more coin “you’ve had”, the less questions you have” be popularised? These are extraordinary idioms. The showing, “More money starts more problems” is true, but not for everyone. It is true but exclusively for people who have more coin than they need – the( exceptionally) rich. On the other hand; it is untrue for people who have less money than they need – the poor.
It is obvious that the problems of the poor will reduce with more coin because most of their problems are in the shortcoming of the coin. Most, unfortunately, a major incongruity in races’ business sentiments is that the rich( who have more money than they are necessary) be suggested that more money creates fewer troubles, while the poorest of the poor( “whos had” less coin than they are necessary) believe that more money makes more questions. This is one of the reasons the rich get richer while the poor get poorer. This poverty story is a major enemy of monetary success.
It is one of the factors that account for the complaint monetary destinies of the poor. It was not able to be crazy to remark that whoever believes that more money movements more questions will be at home with poverty since he believes that money degenerates his state of existence. One of the most significant lessons from this dialogue is that monetary success starts in the brain. You will never get it right in your acts until you get onto right in your thinking because the quality of your thinking determines the quality of your actions, and consequently, the quality of the results you get.
by Ahmed Hossain | Aug 26, 2019 | Business
Talent Acquisition Strategies
Basic Strategies
If we were really serious about looking for talent, here are some of the things we would be doing as Staffing, Recruiting, knack Management and as human resources professionals.
- We would work harder than we do at identifying high-pitched musicians: Together with high performers themselves, we could establish some indicators of success or of high performance for each position we recruit for. These could be the number of sales they have made in a month, the number of reports they have written that resulted in consulting namings, the amount of revenue their radical has generated, and so forth. This is hard work though. There aren’t a lot of marks to go by, but we all know more or less who contributes the most to our organizations. Our task is to quantify those contributions.
- We would work with managers to develop sketches of the high-pitched musicians in each group: We would try to find commonalities and things we could relate during the screening process that might predict success. These are likely to be competencies, works high musicians engage in, work methods, or procedures. There are many houses that can help you determine what these “critical success factors” are and even help you develop experiments to identify them in candidates.
- We would find out where potential high performers like to go and what they like to do: This step allows you to target your advertising toward high musicians and decide which episodes are worth attending so that you can get at the kinds of parties “you’re trying”. Doing this well requires a focus on competitive intelligence, or “CI.” CI is well known in the industrial world; many companies employ CI professionals to ferret our information about production capacities and equipment stations at their opponents. The same principles apply to recruit. You can be informed from opponents and from vendors and suppliers about where good parties may be located. You can certainly use your employee referral program for the same purpose.
- We would do a better position of collecting and capturing critical informed about candidates: The acquaintance you gradually amass is valuable and should be put into some sort of database where it can be shared with other recruiters. A BLOG can form the basis on an internal or external community of recruiters where this kind of information can be exchanged. This is a form of learning sharing and deliveries that, when properly done, can save thousands of hours of work and bunches of the fund. After all, headhunters are dependent upon their own human knowledge management systems (i.e. their intelligence) to do this all the time. Our challenge is to make this more broadly accessible and to keep it current.
- Finally, we would recognize the importance of developing people so that they can become high-pitched performers: The recruiting capacity has to move toward becoming more like an endowment bureau – something it has not been historically. Talent agencies not only recognize talent but likewise be developed further for tactical intents. We as recruiters required to make our knowledge of what flair looks like and offer people who have “it” a chance to acquire the skills they need to perform the jobs we have.
Mostly this will apply to our current employee people, but it could also apply to people outside as well. The only restraints are our own eyesight and our ability to work within the politics of our corporate environments. One access to find those with expertise would be to open all of our screening procedures to anyone and then select those who seem likely to be successful. The Internet and our recruiting websites make this very easy to do. The exploitation area could take the form of classroom training, e-learning, internships, activity (work-based) learning allocations, or special platforms that train a group of people for specific hassles within a company.
The key is that recruiting is not only about seeing aptitude but too, increasingly, about developing it. If we are to move our profession upwards and start drawing real contributions to the bottom line, these things I have described are what it is going to take.
by Ahmed Hossain | Jun 3, 2019 | Business
Lіfеlоng Learning Success Factors
The fаmоuѕ futurist Alvіn Tоfflеr said many уеаrѕ аgо that, “Thе illiterate оf thе futurе wіll nоt bе the person who саnnоt rеаd. It will bе the реrѕоn whо dоеѕ nоt know hоw tо learn.” That рrеdісаtіоn is becoming truеr аnd truеr every dау. Whеthеr for professional development оr fоr your оwn ѕеlf-іmрrоvеmеnt іt’ѕ clearer thаn еvеr thаt bеіng аn еffесtіvе lifelong lеаrnеr is thе key to ѕuссеѕѕ. But how do уоu get ѕtаrtеd аnd thеn stay оn thе path to success? Hеrе are some tірѕ for helping уоu jumр-ѕtаrt уоur efforts:
Sеt Clеаr Gоаlѕ – and Write thеm Down!
Bеіng a ѕuссеѕѕful lіfеlоng lеаrnеr іѕ like bеіng ѕuссеѕѕful аt nearly аnуthіng else – you hаvе to know whаt уоu аrе going fоr if уоu еxресt tо get thеrе. Wаnt tо learn a nеw ѕkіll or a nеw lаnguаgе? Stаtе сlеаrlу whаt level оf рrоfісіеnсу уоu are аіmіng for and how you will know уоu hаvе achieved іt. Thеn wоrk bасkwаrd tо fіll in the еxасt steps аnd tіmеlіnе fоr gеttіng thеrе. But dоn’t juѕt dо thіѕ іn уоur hеаd: wrіtе it down and рut it someplace whеrе it is easy fоr уоu tо rеvіеw often, whether thаt іѕ оn уоur соmрutеr or on your refrigerator.
Get Orgаnіzеd
Sеttіng gоаlѕ аnd writing thеm dоwn іѕ the fіrѕt step tоwаrdѕ оrgаnіzіng уоur lіfеlоng learning efforts, but уоu nееd tо tаkе thіngѕ furthеr if you rеаllу wаnt to асhіеvе ѕuссеѕѕ. Pісk оnе оr twо specific places whеrе уоu keep all rеѕоurсеѕ rеlаtеd tо your learning gоаlѕ – lіkе a ѕресіfіс bookshelf, оr a dеdісаtеd folder оn уоur соmрutеr. Make it аѕ easy аѕ роѕѕіblе to fіnd the rеѕоurсеѕ уоu nееd whеn уоu nееd thеm.
Bе Persistent
You knоw thе оld jоkе: “Hоw dо уоu get to Cаrnеgіе Hаll?” Punсhlіnе: “Prасtісе!” Thеrе rеаllу аrе vеrу fеw short сutѕ tо true learning. Yоu hаvе tо put іn thе tіmе to go оvеr things again and again, whеthеr thаt mеаnѕ practicing muѕісаl scales dаіlу, оr mеmоrіzіng vocabulary, or … [fіll іn whatever іѕ relevant tо your lеаrnіng]. Keep аt іt. Ovеr tіmе уоu wіll buіld and ѕоlіdіfу соnnесtіоnѕ in уоur lоng-tеrm working mеmоrу. And оnе dау, you wіll wаkе uр tо fіnd thаt уоu have bесоmе аn еxреrt!
Bе Cоnѕіѕtеnt
If, аѕ they say, “Rереtіtіоn is thе mоthеr оf learning,” thеn соnѕіѕtеnсу may be the fаthеr. Thе humаn mind is very flеxіblе, but іt аlѕо lіkеѕ to ѕtісk to a schedule whenever possible. Try tо find a ѕеt time each dау when уоu саn fосuѕ оn уоur lеаrnіng асtіvіtіеѕ. Dоn’t answer the рhоnе. Stay off оf e-mail, Twіttеr, аnd Fасеbооk. Fосuѕ іn on thе thing you rеаllу wаnt to lеаrn, аnd nоthіng else.
Enjoy thе Journey
Lеаrnіng саn be сhаllеngіng, thеrе’ѕ nо dоubt аbоut it. But іt should also bring you pleasure. In fасt, уоu are lіkеlу tо lеаrn muсh faster аnd mоrе effectively іf you еnjоу whаt уоu аrе dоіng. You wіll often hаvе tо рuѕh уоurѕеlf, but іf уоu hіt tіmеѕ whеn уоu really are nоt mоtіvаtеd, take a brеаk. Dо ѕоmеthіng еlѕе for a whіlе. Whatever уоu dо, don’t beat yourself uр аbоut іt. Of соurѕе, іf you fіnd thіѕ lack of mоtіvаtіоn оссurrіng оftеn, you ѕhоuld revisit уоur gоаlѕ. Arе уоu fосuѕеd оn whаt rеаllу mаttеrѕ tо you? Are уоu trying tо do too muсh? Adjuѕt аѕ needed, аnd thеn соntіnuе on your lеаrnіng jоurnеу.
by Ahmed Hossain | May 19, 2019 | Business
Insight selling may not be a familiar term to you. Your customers too may not have heard of it. But use insight selling and both you and your patrons will reap substantial advantages, not least of these is a sustainable competitive advantage and long term success.
What then is insight selling, and why is it so potent? The starting point is an understanding of the different expectations of your customers.
A simple approach to customer segmentation will uncover these expectations.
Customer Segmentation
The Customer Segmentation model provides an overview of the different relationships being pursued by clients of their suppliers.
The model is a continuum representing your strength as service suppliers over a customer tie-in, and your adversaries’ influencing dominance over the relationship. There are broadly five different types of customer rapports which you can have with key decision-makers within a purchaser report. These transformed into five different buying styles used by patrons(depending on their internal culture and their own views of you as a supplier).
Shop around’s provides a description of a client rapport in which the salesperson perhaps has only one point of contact. The customer sees your products and services as a commodity buy( i.e. accessible anywhere in the market) and has a price-driven approach to the relationship. The patron is only interested in negotiating the minimum price and homes no significance on a full customer service relationship with you.
The next category of a patron is the Cherry Picker ‘ or multi-sources. This customer has the same mentality to the S/ A client( i.e. premium driven) but recognizes that you have advantages over contestants in certain areas. The affair may go beyond the central contact to include others but there is no real want for an ongoing, value-added relationship. The peril for you as a supplier is being viewed as a niche musician in certain areas of expertise, but not being recognized as a’ one-stop browse ‘. The relation is still very much price sharpened, and’ Cherry Pickers’ are experts at using competitive quotes to reduce prices.
The client has an entirely different mindset and position. Expressed support for Tries Partnership. The purchaser actively heartens a penetration and scope of the relationship, and actively supports “you’re going to” freely consult and provide total solutions to their needs. Price is subordinate to the overall cost, and the commodity or services supplied is seen as part of a total business answer designed to create an ongoing competitive advantage for this customer.
Your sales beings are seen as a vital primary phase of contact between the customer and yourself as service suppliers, and they are seen more as a relationship manager. These affair directors are expected to manage their internal unit of experts and their interface with the customer’s team of specialists.
You are seen as a strategically important supplier and you are involved in the customer’s future schemes as they progress. Discussions take place more around total expenditure mixtures, and the rate is seen as one element of a bigger cost/ advantage picture.
The customer Preferred Supplier’s purchaser is an extension in the attitude of the client. This is a customer who does not merely encounter a long-term relationship with you as very valuable, it positively spurs closer links between the two companies. There is an expectation that your relationship manager will be pro-active in bringing the customer new ideas, belief as one of them, and build a real depth and width of relationship at all levels. This patron is likely to be at the forefront of best rehearse for the administration of continual betterment, procurement, e-business, and supplier relationship development. Relationships are ascertained very much in the light of total mixtures and the’ added value’ they deliver.
Finally, the Integrated Supplier the customer is the customer who has decided to outsource all its needs to you. This is the ultimate’ partner’ purchaser who may require daily be made available to your personnel, is looking for longterm ideas and is seeking customized mixtures. The trouble is that this customer often requires management at’ Shop Around’ premiums and the accounting becomes a high volume, low-pitched perimeter threat to your business. Unless substantial added value can continuously be delivered by you as a supplier, and the customer’s dependency on you is maintained, relationships can revert to a price down driven discussion.
Applying The Customer Segmentation Model
To apply the sit, categorize your existing histories according to these five different relationships( as well as according to other criteria such as the volume of auctions, profitability, strategic importance etc).
Next, think through the selling skills required to sell to each category. For example,’ Shop Around’ and Cherry Picker’ reports ask robust toll/ make selling skills. These auctions might be effectively undertaken over the telephone, by telephone account managers.
‘Seeks Partnership’ and’ Preferred Supplier’ histories involve more sophisticated sales skills. The sales party needs to be an influencer, affinity developer, business philosopher, business overseer and inventor of value-added solutions.
The’ Integrated Supplier’ client requires the most sophisticated determined of selling skills, which need to incorporate INSIGHT SELLING skills, and high-level relationship building skills. High-pitched degree negotiations often have to be managed.
As a result of placing clients into these categories, parties within your marketings force can then be aligned to the different customer kinds. Relevant sales processes and skills can then be designed to use with each purchaser type.
Insight Selling
Insight selling necessitates the most sophisticated of auctions sciences as in effect you are dealing with a customer who probably knows as much about your business as you do! More importantly, they expect you to know more about their business than they do! Fair, or an idealistic expectancy?
Whatever your view it’s an expectation you will need to fulfill or be in for some criticism.
Insight selling makes for granted the essential points of good product learning and consultative selling abilities. The customer no longer predicts you to identify their situation, the requirements, and difficulties but instead presumes you to have analyzed their business and distinguished fresh penetrations to bring to them. Penetrations which will deliver cost savings, increased aspect, productivity, and any number of other progress important to them.
In insight selling the supplier takes its own initiative to “engage” with “the consumers ” on a number of tactical issues and works with the customer, in partnership, to work up ideas into deliverables.
The process can be summarised as follows:
1. Strategic Analysis of Customer
2. Identification of Customer’s future needs and opportunities for the supplier; opening selection
3. Opportunity testing with the customer
4. Re-Working of ideas and confirmation of the opportunity to pursue
5. Sale of the idea and solution plus commercial benefits
6. Implementation of solution
7. Communication of success in implementing the solution
Insight Selling Process
The purpose of the process is to identify the added value, rate saving, total solution for “the consumers “. A solution which will go way beyond conventional product and service offerings and will be a unique solution for that customer.
Understanding the customer’s business, and the financials behind the business is key to success. In effect, the supplier is carrying out an extensive divergence analysis of the situation faced by the customer versus the future situation available to them.
But there are threats. There are some within the customer who might not welcome a supplier pointing out an opportunity they perhaps should have recognized themselves. Hence the is required for highly honed consultation abilities, and the psychological intellect to administer key decision-makers and influencers within the customer in the overall process.
Insight selling is “bought” by the customer because the one step removed, the objective look of the supplier is invaluable in eradicating blindspots they might have.
Because the ultimate answer is collectively designed it is also more painlessly bought and implemented.
The supplier, in the process, goes on to gain even more valuable insights to bring to the customer, thus fastening out the competitor and procuring fruitful, increased revenue streams.
The final step of the process is often forgotten, yet it is possibly the most important – telling the customer what you have done to add value to their business.
Communicating Success
Many suppliers use insight selling to good influence but then fail to communicate, regularly and tangibly, to their champion or patronize what decisions they have achieved and the bottom-line impact on the customer’s business.
At this, final, place, therefore, the supplier needs to become its own P.R. business, perpetually prompting “the consumers ” of their importance and creating even more goodwill for fresh penetration selling opportunities.
The communication process clearly overlaps with ongoing history management and this also needs careful attention from the revelation auctions being. Successful client tie-in management systems can assist the salesperson enormously.
Account Management
Insight selling is a continuum, used to produce never intent potential for more sales, but it does require creativity as well as strategic thinking and commercial-grade analysis. And this is where the wider history conduct squad need to be involved, not just in servicing the chronicle but in contributing to further insight selling opportunities.
All too often, once an added value, total solution sale has been achieved, report directors forget to use this as a further auctions program and fail to actively involve their internal experts of fresh initiatives.
There is a sense in which the customer’s apprehensions have been raised and they are now looking for even greater fulfillment of these brought forward. The penetration exchanging process needs to be completed again and again.
In sum up
So does insight exchanging establish even more challenge for you going forward? Certainly. Is it asking in the implementation process? Absolutely. Can you render not to make love, especially with those searching an indeed integrated supplier relationship with you? Categorically not! You appreciate, insight exchanging, same to other forms of effective selling, merely enables you to keep up with other best rehearse suppliers. So perhaps the time is right to get closer to them too, and working in collaboration with them to provide even greater penetrations to your purchasers!
by Ahmed Hossain | May 14, 2019 | Business
A good crew of investors can play a great role in the success of your small business, but a bad selection of investors can demolish even the strongest ideas to execute. Believe it or not, investors require more the chances of your business, while becoming resources for creating effective marketing meanings. Knowing what to consider while selecting investors and being able to attract the freedom type of investors are vital talents for established and emerging entrepreneurs.
If you are a small business owner and knowing to perturb going convincing investors, there are 7 mysteries that will help you lure the eye of an angel investor or risk capital, while stimulating your business a more pleading investment.
1. Get the Most Out of Networking
Networking is the best way for entrepreneurs to slope their startup in less formal and organic practice. If you are building a great business, networking within the local startup and investing society can be the best way to meet and find the privilege type of investors.
If you find investors interested in your business, keep the meetings leading and make occasions happen organically for optimum results. Let them consider your business, after all, you are not only conveying your theme, you are actually relying on the social fund improved through the networking process that impacts the asset decision.
2. Be Practical, Get Real Paying Customers
You need investment to entice clients, but you need customers to acquire money. It is always worth making an effort to get patrons prior to approach an investor, instead of seeking monies firstly and customers second. It is advised to create a plan to acquire customers first that doesn’t need a very huge investment.
This is very important, particularly for emerging entrepreneurs, it will become easier to get investments on good terms. Investors ever want has proven that your notion is effective enough and will work, and good-for-nothing will fulfill them than having real paying users.
3. Find the Right Co-Founder
When you find investors, you are not only selling them your business in terms of products and services, you are selling them on your unit. Opting for the right leadership team for your small business is an important process and having the mistaken co-founders can be more dangerous for your business than having no co-founder at all.
However, receiving the claim co-founder can perform the process easier, even beyond attracting investors. As having marriages will allow you to rely on them, which can be a huge boost for your startup.
4. Get a Better ROI
Though investors may start beliefs in your business, the needs and requirements for their financing are to make money. Therefore, it is important to highlight what they will actually gain from investing in your startup.
No matter if you are approaching an angel, VC or a wealthy person, it is important to show how you are going to get their investment return. It is alluring to focus on yourself and your business dream, but at the end of the working day, investors want to know what is in it for them. Therefore, the most effective ways to stand out and get interested is to clearly explain how and when you will get them a return.
5. Take Benefit of the Online Fundraising Market
Networking is important, but your point should not be you’re the restrain ingredient when it comes to securing investment. There are different fundraising platforms available and you are no longer restricted to only being able to raise money. If your corporation has best-in-class metrics for your manufacture, “you’re going to be” unquestionably able to double your money. Post your business’s best metrics and find investors on the stage related to your industry.
6. Pick the Right Investor
In order to attract the attention of the right investor, make sure your product solves real problems. As a lot of entrepreneurs simply attempt to reinvent the wheel, hence, it is advised to highlight the qualities of your product to entice the real investor. Doing so will get consumers and receipt. Think outside the box and do something wonderful.
7. Graduating from a Top Accelerator
Emerging and first-time industrialists are advised to apply to reputable startup accelerators that will lead their credibility to your company. Joining an accelerator can be greatly helpful for rising startups, though it doesn’t guarantee that you will get investment, it does prepare your startup a more appealing financing applicant. As graduating from a reputable accelerator collateral fund and can greatly improve the chances that you would foster a positive valuation.
by Ahmed Hossain | May 9, 2019 | Business
With many ventures extensively exploiting various types of technology in their respective cables of work, there is a large amount of data which needs storing in order to provide a backup in the case of a crisis. This can be something such as a fuel or a submerge, or even something much simpler such as a talking cup of tea on some all-important hardware.
Accidents can happen – along with downright calamities – and therefore backing up your data is absolutely essential. Here are some of the main reasons why backup mixtures are extremely important for your business.
The first reason that these solutions are so important is that a huge amount of data for all types of business is collected electronically, whether this involves reports, patient data, important legal documents and much, much better. In fact, ventures that have all their data stored alone digitally are not at all uncommon, which demonstrated how much the world of work has risked in recent decades.
Whether you are self-employed with a small business or have a medium-sized enterprise, chances are that your data is worth a lot and the loss of it can cause severe disruption of your business – if not closure fully if you are unable to recover from such a data disaster.
It is important therefore to look for backup answers in order to ensure the protection of the data that you do have. There are now many different solutions on the market today, including shadow backup answers, which mean that you will have a dependable fallback for all your important information should disaster strike.
This can make all the difference in picking up your business approximately from where you left off if you do know-how a disaster. This could be as simple as retrieving your data from backup assistance on the same day as you know-how a failing, and persisting business as regular. In more complicated disputes you may need to buy brand-new equipment altogether.
Regardless of this, chances are that retrieving your data will not be too difficult, even if the data disaster is exasperating and makes in temporary confusion. However, backup solutions will have saved you from permanently losing crucial information that could have had serious negative repercussions for your business.
The next point to manufacture is that backup can be important in order to lose as little time as possible. As mentioned above, retrieving data regarding a backup storage solution – especially cloud solutions which are very popular nowadays – can be a same-day operation. This means that the running of your business can get back to ordinary as soon as possible.
This is very important in order to keep your customers and collaborators happy with the production you do and escapes the negative effects of not sending out guilds on time, missing deadlines for exertion or failing to contact clients in a timely manner. Time is a coin, and having a rapid access backup answer is therefore extremely beneficial for business.
It should also be noted that backup answers can also be beneficial for business in another way – they sent out a very positive message to your clients and collaborators that you are capable and dependable. After all, they will want to be reassured that you are taking every precaution in your work, for your sake and for theirs.
Reassuring clients and identifies that “you’ve had” strong backup arrangements in place will move them to feel more confident in your professionalism and will encourage them to do business with you. This is just one of the countless reasons why implementing dependable backup answers for your business can have countless positive backlashes for the entirety of your business.
