Tuesday, August 24, 2004

You Don't Have to Be Stuck

Are you stuck in a rut? You've read, thought and even tried to act on getting over to work you would love. Yet you just can't find it

Or perhaps you are not sure what you really want to do?

You can find what you were meant to do.

One way is to read books. You can start with classics like the Bible or maybe the I Chang, Book of Changes is more your style. Read, reflect, read, reflect. More direct is a book like What Color is Your Parachute? This is the epic about how to select a career. There are many other books have been written to help you decide what is right for you.

Another way is to take tests. There are many versions of the Myers Briggs and other tests that help you determine your personality type. Do a look-up on Google and select one that suits you. From there you can get overlays to determine what career's might be best for you.

A third way is to work with a coach, minister, or other advisor. A coach we like can be reached at www.terryschaefer.com . By working directly with someone you can speed up the process and get better results.

You can find where you belong. You just need to get started.
Build on Your Strengths

Janet was sick and tired of trying to "get" bookkeeping. She was originally hired to handle customer service calls and service delivery. Then someone decided that all employees needed to be cross trained. In Janet's opinion cross training is one thing, making her a bookkeeper was entirely another.

Margo the bookkeeper was even more perplexed trying to handle calls from all those complaining customers. She didn't even like happy customers. She liked books.

Does your company make people do work they are not suited for?

The answer is probably yes.

Maybe this is showing up as the phenomenal sales person who always seems bewildered now that he has been promoted to sales manager. Perhaps it is the copy clerk who just does not want to learn new skills but he can copy and correlate at an exceptional pace.

This happens because we have been told almost from birth that we must work on our weaknesses. A certain level of balance is necessary but we should not spend too much time on our weaknesses.

To spend too much time on our weaknesses is like an Olympic athlete, say a tall beach volleyball player switching positions with a gymnast just to become more well rounded. They would not do this so why do you insist on doing it?

Focus on your strengths. If you are a gymnast, practice being the best you can be at gymnastics. Don't worry about what the volleyball players are doing.


Monday, August 16, 2004

Do You Love What You Do?

Most people spend most of their lives miserable. Most people will spend hours rationalizing why the spend their days doing things they do not like to do. "I have to pay for the kids to go to collage." "I don't have enough capital." "I am afraid...."

When you started your business, was that your frame of mind?

No. When you started your business you were ready to tackle anything. Get it done. Move mountains. Where did those thoughts go?

I bet they are still in you. I bet they are festering and brewing and boiling.

Find those feelings. Find what gives you those feelings today. Find how you can move towards those feelings as completely as possible.

If you still love your business think quietly about how you can improve it. Find a mastermind group and think with them.

If you don't love your business start to plan how you can move on. Maybe you should hire a manager. Maybe you would like to focus your energies on a new part of the business. Maybe you should look at exit strategies.

Whatever it is, don't spend 20 years in a rut. Move to the things you love.

Visit Successfulexits.com

Tuesday, August 10, 2004

Getting Your Loan to Buy a Business Approved

Most loans for the purchase of a business get rejected because they are not packaged correctly, presented to the proper lender, or properly negotiated with the bank loan officer. Loans to buy a business take special care and handling.

Packaging a loan correctly:

To package a loan correctly you must understand what type of loan you are asking for. A loan supported by a business' cash flow will be packaged differently that a loan supported by a ton of collateral.

In all instances make sure your package demonstrates how the business is going to generate the cash flow to pay back the loan. Make sure you can back up every statement with verifiable proof. This is why it is often hard to finance new businesses. How do you prove something out of thin air. Existing businesses have existing cash flow to work with. If the cash flow does not completely justify the loan look into ways to improve the cash flow. Click here to learn more...

Presenting your loan to the proper lender is best done by talking to a cross section of lenders to find the right one. Rejection is just part of the process. If you are unsure who is the best type of lender select a few national banks and local banks. This is like dating in that you only need one. Different banks will take different risks. The two ways to find the right bank is to pay a broker who knows your market or make to many calls and face rejection yourself.

The best way to negotiate your loan package through to acceptance is to always talk to your loan officer with an open mind. Ask questions and be willing to make changes in your package and loan request. Remember the goal is to get the loan that will allow you to move forward. The bank is right until you have a loan closing.

To Learn more visit Click Here to Visit Successful Exits.




Thursday, August 05, 2004

Is Your Heart In Your Work

Has getting up in the morning and going to work become drudgery? Is Monday the worst day of the week? Is your heart still in your work?

Whether you are a business owner, independent contractor, or employee the issues are the same. If you have lost the motivation in your current career choice it may be time to perform a careful self examination and then look for alternatives.

Self examination can best be performed with a combination of quite thought and reflection, psychological testing, and honest discussion with close confidants and professionals.

Everyone gets tired. Sometimes you get stuck in a rut. This does not always mean it is time to move on. Sometimes small changes can get you started again.

If changes to your current routine don't break you out of your doldrums then it may be time to look at more radical changes.