November 2011 Articles

The Genius of Inspiration

Monday, November 28th, 2011

Thomas Edison said: “Genius is one percent inspiration and 99 percent perspiration.” Inspiration is that passion and determination which makes you want to get out of bed in the morning, smile through the tears, and work through any dilemma. So, how do cultivate inspiration? Where does it come from?

Inspiration is what gets us all going and keeps us going through the hard work, determination, and perspiration of achievement. I believe inspiration comes from being clear about our purpose. When we know why we want to do, be or have something nothing can stop us.

I watched the movie Rudy for the fourth or fifth time this weekend. Rudy was a dynamo. He grew up in a steel mill town where most people ended up working in a factory for the rest of their lives. But he wanted to play football at Notre Dame. He had a few problems though; his grades were low, he didn’t have the best athletic skills and he was half the size of the other players. But he had the spirit, the drive and the inspiration of 5 players and he set his sights on joining the team. Why? Because he was passionate about Notre Dame Football and he was determine to make his father proud.

When Rudy got hit he always got up, and, granted, sometimes he got up more slowly than others, but he always got up. As he rose up, he shook his head, dusted himself off, and re-joined the team line-up to do it all again. He got knocked down to the ground several times a day in practice yet he always bounced right back up, ready for more action – without a hint of complaint or any tears.

Think about what life would be like if you pursued your passions in the same way Rudy pursued his? How would it be different for you? How different could your life and your work be if you lived it with as much passion and perseverance for life as Rudy did for football?

Deseri Garcia
Vida Aventura
317-362-4898
www.vidaaventura.net

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Preparing For Your Exit: Planning For Your Inevitable Business Exit

Friday, November 25th, 2011

With over half of today’s 9.5 million owners of established businesses reaching the retirement age of 50 years old or older it is likely that many of you will be ready to leave your business within the next decade or so1. What have you done to plan for that day?

What are you waiting for? How could planning for the biggest financial event of your life not be worth your time and effort?

Given that most retirees live on 95 percent or more of their pre-retirement income there’s good reason to get busy creating an Exit Plan that enables you to help achieve your financial and lifestyle objectives after you leave your business2.

If you aren’t sure how to begin preparing for your voluntary – and inevitable exit – because you don’t understand the process or even know whom to turn to for help, you are not alone. There is a methodical, adaptable and customized Exit Planning Process that business owners and their advisors have used for years that is designed to help owners leave their businesses on their own terms and on their schedules.

Exit Planning is not mysterious, time-consuming, nor just a clever way to sell you another product. It is, however, a means to help you achieve your financial and lifestyle objectives:

1. Leaving on the date you choose.
2. Receiving the amount of cash you want.
3. Choosing your successor.
4. What exactly is the Exit Plan that will allow you to leave your business in style? How do you create yours? Just as there is an almost infinite variety of businesses and business owners, so too are there many different Exit Plans.

Yet all plans contain several common elements. Let’s begin with the basic seven issues that most owners understand best when we phrase them as questions.

1. Do you know your primary planning objectives for leaving the business, such as:
Departure date?

2. Income needed to achieve financial goals?

3. To whom you want to leave the business?

4. Do you know how much your business is worth?

5. Do you know how to increase the value of your ownership interest through enhancing the most valuable asset of the company – the employees?
read full article »

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What’s the Key to Successfully Marketing Your Business? You Need to be Consistent

Thursday, November 24th, 2011

ShareMarketing and advertising are illusions for many people; their theory, throw something against the wall and hope it will stick. Not so according to Alan Baker, President and Founder of Creative Marketing Concepts in Latham, New York. Alan, a guest on my radio show indysmallbiz.com gave me the scoop on what it takes to make it work. By the way, indysmallbiz.com provides information and tools for small business; look for blogs and podcasts by authors like myself who work with small businesses.

“Good marketing starts with good communication, says Alan, you must know who you are, what you do and know why a client should do business with you if you want to make it work. After that it takes lots of persistence and focus. With business being soft many companies start cutting expenses and often the first to go is the marketing. Businesses should cut programs that don’t show results but a good marketing program should be measurable. ”

Alan’s positive outlook shows in how he works with businesses. The key is to spread the word so that people know who you are even if times are tough. There are still customers with money and your job is to find them and entice them with your offers. A promotional piece is designed to provide added value to your customer and keep your business in the front of their mind. One of the things I found interesting is what Alan calls the “hobo pen.” I thought people bought pens so they could give them out for their customers to use. Alan assures me that the pen’s job is to travel from business to business and eventually wind up in a buyer’s hand. His trick; sign the restaurant check with their pen and replace it with his pen!

Alan left us with three tips for using promotional materials that are worth noting:

1. Promotional materials are good for all size companies. Even the littlest of companies should have something to give their customers which has their brand and their logo. Products will successfully get your name out and keep it prominent in the market. I know whenever I pick up a pen, I always look at the name and the design of the pen. Promotional items can range from the usual coffee mugs, magnets, blankets, first aid kits and toys. In my case, I bought hot sauce bottles and Alan had a Red Hot Customer Service label made for me and a photo of my book.

2. Think about “spreading your name around” wherever you can. The object of promotional products is to maximize your profits and your investment. Before you choose your products set precise goals for your promotion. This will help you choose the right products for your business. Are you using the products to increase sales, show appreciation to loyal customers or to thank customers for buying your products? Not one size fits all so it’s important to have set goals.

3. Plan your promotions for the year. It’s wise to have a calendar for the year so you can plan how to spend your dollars. Holidays often mean larger expenditures, especially for your better customers so it’s wise to know what you have to spend. Alan often helps his clients plan for the holidays as well as creating new ones for his customers. If Buca di Beppo can have a “Meatball Day” why can’t a mechanic have a “Wrench Day” and send out tiny wrenches with his name on them?
read full article »

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Radio Indy Smallbiz Update

Wednesday, November 23rd, 2011


 
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Here is the Radio Indy Smallbiz line-up with the host and topic for each program. Go to the specified link to connect either by phone or by web-based streaming audio.

Luke W. Russell – Friday, Nov 25, 9-9:30am
Link to connect to Luke W.’s program

Wayne Brewer – Monday, Nov 28th, 9-9:30am
Link to connect to Wayne’s program

Wayne will be talking about ‘Black Friday’ sales and how that impacts all of us.

John Gifford – Monday, Nov 28th, 9:30-10am
Link to connect to John’s program

John will be discussing “The Strategy of Interviewing Guests.”

Deseri Garcia – Monday, Nov 28, 4:30-5pm
Link to connect to Deseri’s program

Deseri’s guest will be Lindsay Manfredi with Linzstar, Neon Love Life and Girls Rock! Indy. They will be discussing marketing your brand, whatever it is.

Lisbeth Calandrino – Tuesday, Nov 29, 9-9:30am
Link to connect to Lisbeth’s program

Danny O’Malia – Tuesday, Nov 29, 4:30-5pm
Link to connect to Danny’s program

Danny’s guest will be Tom Hervey, who was Abdul’s boss on 1430 am. They will be discussing his corporate bosses’ decision to end the show, as well as
the radio business and the future of radio.

John Gifford – Friday, Dec 2, 9:30-10am
Link to connect to John’s program

John’s guest will be Matt Will, President of the Rotary Club of Indianapolis and Finance professor at the University of Indianapolis and former head of their MBA program.

Matt Hall – Wednesday, Dec 7, 9-9:30am
Link to connect to Matt’s program

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