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2

Last Thursday night, Yaletown Roundhouse hosted An Evening with the Dragons’ Den and I once again had the pleasure to be part of an audience that no doubt left the theatre feeling inspired to do what they are passionate about: running a successful business.

 

 

Dragons_den1.jpg

Photo: Jim Treliving, surrounded by fans of Dragons' Den

 

The evening, similar to last year’s, began with a conversation between executive producer Tracie Tighe and main Dragon Jim Treliving, who, due to exposure on Dragons’ Den, is now well known to the public as an ex-RCMP that is today the owner of Boston Pizza International Inc.  Although sometimes, he is known to a younger generation as “Mr. Pizza Guy.”  This was in reference to a story that Jim told when asked by Tracie why he continues to return to Dragons’ Den.  On his flight from Toronto to Vancouver, Jim recalls a 10 year old boy on the plane who greeted him with “Hi Mr. Pizza Guy.”  He later found out that this boy watches every episode of Dragons’ Den with his family.  As long as he is inspiring people, Jim says, he will return to the show season after season.

 

Dragons’ Den is all about inspiration.  Many people have ideas.  Some people have the financing to make something out of those ideas.  But what I believe is sometimes lacking is the inspiration and belief that they can build on their ideas and become a success.  This is why I tremendously enjoyed the evening because as I looked at the faces around me listening to two successful entrepreneurs describe their Dragons’ Den experience, I can feel the sparks ignite within the crowd.

 

 

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Photo: Panel discussion with Tracie Tighe (L), Jim Treliving (C), and Brad Friesen (R)


The evening’s two special guests were Brad Friesen and Margot Woodworth.  Brad Friesen is the owner of Last Call, a hangover remedy served in a unique, patented bottle and with a delivery system like you’ve never seen before. The ingredients are stored in a twist cap that only gets released with a twisting action.  I admire Brad’s innovative idea.  For the lack of a better word, it was cool and environmentally friendly.  The whole idea is to ship the bottles that contain only the ingredients in the cap.  Bottles without water mean less fossil-fuel required to deliver them.  Plus, the cap can be recycled once used.  In his segment, Brad offered these tips for a successful pitch on Dragons’ Den:

 

  • Know your numbers.  Know all aspects of your business because the Dragons will only invest in people who know what they are doing.
  • Practice your pitch before appearing on the show.  You will likely be steered off your pitch but you still need to deliver.
  • Be prepared for absolutely everything.  With a 5-person panel, you never know where the discussion will take you. 

 

Next up was a business owner with a unique party favour. Margot Woodworth is the owner of Evergreen Memories, a business that offers tree seedlings as wedding favors, gifts for corporate events and many different occasions.  These little trees are packaged in bags that act as a greenhouse, allowing them to survive for two weeks without being planted.  Here are some of Margot’s tips to survive a face-to-face meeting with the Dragons:

 

  • Know your numbers. Just like Brad, Margot hired an accountant to make sure that she has her numbers right. 
  • Be prepared and practice your pitch. It’s a good idea to come up with an opening line to capture the Dragons’ attention.  For Margot, hers was “Money does grow on trees.”
  • Show your passion and be proud of it. 

 

What I took away from the event was that you really need more than just an idea to be successful. You need a prototype. You need to do your research. You need to make sure that what you have is what people want.  And you also need a business plan and map out how you want to make your business successful.  Most important, you need to have courage to do what you are passionate about.  Starting a business of any kind is daunting but as Margot says it best, “Sometimes you just have to do it.”


Brian Chan has been with TELUS for more than five years and specializes in small and medium business.

171 Views 2 Comments Permalink Tags: strategy, 10-99, 1-9, business, tips, entrepreneur, small_business, business_owner, business_case, dragons_den
2

I was recently asked to provide my advice in response to the Globe & Mail’s challenge question from Square One Insurance: “Is a launch party still a smart way to build buzz?”  TELUS asked me to further expand on this topic.

 

The marketing experts polled in last week’s mini-case study concurred on one point: Holding a launch party was not the best way to use a firm’s limited marketing resources to launch a new product. If careful marketing research was done, using relatively sophisticated techniques to uncover a social network and identify real opinion leaders (individuals who held a large network of potential customers together as “nodes” in the network), then of course these would be the people to invite to the party. They would do most of the marketing for you. However, the research itself might prove to be more expensive than the party, and there might not be much left over to purchase caviar and champagne.


Many smart marketers, when faced with a marketing challenge and limited budget resort to “guerilla marketing”. Just as small, under-equipped revolutionary forces avoid head-to-head combat with superior, better-armed enemies, the guerilla marketer exploits stealth, ambush and the element of surprise.  Unable to match multi-million dollar advertising budgets and large sales forces, the guerilla marketer uses devices such as simple but clever outdoor ads, viral email campaigns and social media to get the message in front of as many people as possible (for some great examples and short cases of guerilla marketing campaigns, see www.creativeguerrillamarketing.com).

 

One of the guerilla devices that I thought Square One might have used instead of a party to get its message across would have been to organize a “flash mob” – a seemingly impromptu gathering of people all singing or dancing around a particular theme. Obviously you would want to stage the flash mob in a venue and at a time that would ensure maximum traffic – so perhaps – in Vancouver at least – in the Waterfront station during rush hour. The propose of the flash mob would be to have as many people exposed to a simple message, as quickly as possible, by having them observe a large number of people dancing, singing or saying something about the message. There might also be some kind of giveaway that accompanies the message and reinforces it.

 

For example Square One is about insurance – or “covering”/”protecting” its clients – so giveaways that might bolster this message could include an inexpensive umbrella, or a poncho, to “cover” the recipients on one of Vancouver’s notoriously many rainy days.

 

The city of Vancouver is no stranger to flash mobs. For example, the wonderful education charity Imagine1day held a very successful flash mob during the 2010 Winter Olympics to raise awareness of the cause of sponsoring education in Ethiopia.

 

 

Opera singer Philip Grant regularly arranges flash mobs in the city, most of which involve staging an impromptu opera performance at busy venues like the Granville Island markets.

 

 

I’d venture to say that readers will agree with me, after watching one of Philip’s numerous flash mob videos on YouTube, that one would be far more likely to be affected emotionally and positively by a seemingly spontaneous staging of La Traviata than by the usual old canapés and white wine cocktail party.

 

Given the choice of a party or a flash mob to launch a new marketing idea, I’d go for the mob every time.

 

 

Leyland Pitt is the Dennis F. Culver EMBA Alumni Chair of Business, and professor of marketing in the Beedie School of Business, Simon Fraser University. He has taught MBA and executive courses at the University of Chicago, London Business School, and Columbia University. His work has been published in journals such as Sloan Management Review, California Management Review, Journal of the Academy of Marketing Science, Information Systems Research and MIS Quarterly, which he also served as Associate Editor.

337 Views 2 Comments Permalink Tags: 100+, 1-9, business, entrepreneur, globe_and_mail, small_business, business_owner, the_challenge, 10--99, leyland_pitt
4

Are You Being Understood?

Posted by LindaOJ Feb 21, 2012

It’s LindaOJ here again today, happy to be writing another TELUS Talks Business Blog post, and I have a few questions for you today about communication.

 

  1. Did you know how you communicate can ultimately save you time and money?
  2. Did you know people judge you by the way you communicate?

 

Communication is an integral part of our lives, from the minute we wake up until we go to bed we are communicating with family members, friends, business colleagues and customers. Some of these people may have relationships with us that span many years so have gotten used to the way we communicate, or don’t communicate. When it comes to customers it’s another matter.

 

As a small business owner myself I network at a lot of different events and this is where I learn a lot about communication.

One example is the networker who has just met me, introduces themselves to me, takes about 10 minutes sharing everything they do, what they sell and all the reasons why I should buy their product or service. I tend to go very quiet when this happens, listen and observe their body language. Some things I am looking for are:

 

  • Comfortable and at ease when chatting with others, confidence when they speak about their business, knowledge about their products and services, but more importantly, a desire to find out more about me, their prospective customer.
  • Are they using my name when they converse with me, or are they offering me the typical sale spiel which fits every size, budget, location etc.
  • A chance to join the conversation, share some information about myself, often as not this is not possible as the person finishes their ‘elevator speech’ offers me a business card and moves on to the next person.

 

Communication is vital when networking, but the above examples are a great way to determine if you, the possible customer wants to take the next step and find out more about the products/service being offered you, or if you walk away. Ultimately when people communicate in a way that demonstrates it is all about them and the sale they want to make, their communication skills are not up to scratch and they lose more than they gain.

 

Emails are another great example of our how communication may lead to misunderstandings or no replies. It is very easy to fire off an email and fail to add the call to action. We might think that the reader knows what we want, but are they mind readers? If you don’t ask for a reply by return more often than not you will not receive a reply at all.

 

"We're at the point now where the challenge isn't how to communicate effectively with e-mail, it's ensuring that you spend your time on the  e-mail that matters most." - Bill Gates.

 

More of a concern for me with communication today is Twitter. I think 140 characters is a great idea and if you keep it simple you can communicate very well with fewer words. But, the problem arises for the people who do not understand Twitter and constantly want to sell, they take the short cut and communicate via direct message. So many businesses lose out because they cut to the chase with no run up communication and I find this rude. Twitter is a great way to build a relationship and take it from there.

 

http://2.bp.blogspot.com/_zDK8WVLPoyI/TLsNkrPaNBI/AAAAAAAAAIw/ky_kc2kIxn0/s1600/misunderstanding.jpg

 

I think I am a good communicator, but even I get it wrong. A few years ago I had left a message with the Mayor of Toronto and was I surprised when he phoned me back, or so I thought. This is how a telephone call ended up in a state of utter confusion and caused a lot of laughter from my family. The phone rang; I picked it up and stated who I was. The person speaking had an accent (as do I) and I asked who he was. My brain heard “It’s the Mayor”. I promptly went on to explain why I had contacted him, and I talk fast when I am excited. I told him how happy I was he had phoned me back and then I paused for breath. The guy sounded confused and kept on saying “It’s the Mayor” or so I thought. Eventually it came to light what he was saying was “It’s Damere” who was actually a friend of one of my sons. I think if my brainset had not been in the mode of “The Mayor” I might have thought twice before making an assumption, especially as I knew in the back of my mind that the Mayor of Toronto had a Canadian accent, which the person at the end of the phone obviously did not have.  I believe my thought process was so caught up on the challenge I wanted to share with the Mayor my listening skills disappeared and my communication suffered.

 

From Wikipedia:

 

Communication is the activity of conveying information. Communication has been derived from the Latin word "communis", meaning to share. Communication requires a sender, a message, and an intended recipient, although the receiver need not be present or aware of the sender's intent to communicate at the time of communication; thus communication can occur across vast distances in time and space. Communication requires that the communicating parties share an area of communicative commonality. The communication process is complete once the receiver has understood the message of the sender. Feedback is critical to effective communication between parties.

 

From the above meaning of the word Communication you will see the last line states “Feedback is critical to effective communication between parties”, if this does not happen challenges can arise.

 

Have you ever noticed how in a heated debate someone’s attitude might change, they could become aggressive or even feel threatened, this can alter the image someone has of a person. If you are in the business world you could be seen to be unfriendly, or untrustworthy, judged by your actions that follow communication.

 

Whether you are communicating by the written word or spoken word you should take time to think out the message you want to convey. It has been said that if you smile when you are speaking to someone via the phone they can tell you are in a happy frame of mind.

 

Texting is a popular way to communicate; some texts are sent with typos in them and spell something different than the intended message. Most of the time this is funny, but there have been occasions when this could cause problems.

 

Richard Branson, a man I admire very much is very much into communicating with people he works with. His monthly newsletter to employees offers details for Virgins future plans, plus how to contact Richard if they feel they need to. I believe this kind of communication stems from trust, and the trust offered from Richard to his employees encourages loyalty which is a wonderful asset in any organization.

 

I am a good communicator, but have had to tailor how much I communicate depending on the individual person I am dealing with at the moment in time. Not everyone needs, or wants, all the information. I still have challenges when I am dealing with lack of communication, but tend to deal with each person differently. Where my business is concerned I do have my list of how I want employees to communicate with me and what kind of time frame. Knowing my expectations leads to less confusion and challenges long term. When I feel communication is not forthcoming and it should be I have to step back and review the situation, rather than act on my emotions. Again the situation is determined on the person I am communicating with, and it took me a long time to learn this.

 

"We never listen when we are eager to speak."
- François de La Rochefoucauld

 

 

Linda Ockwell-Jenner is a President of Motivational Steps and Co-Founder of the Small Business Community Network (SBCN) based in Waterloo Region. Find out more about Linda at www.motivationalsteps.com and www.sbcncanada.org

303 Views 4 Comments Permalink Tags: strategy, business, tips, communication, small_business, lindaoj
0

Navfree GPS Live Canada.jpg

Spring is around the corner, which often means family vacations, road trips with friends and traveling more for business.


A GPS navigation unit in your vehicle can help you get to where you’re going quickly, accurately and safely – but not everyone wants to spend $100 or more for a good GPS nav unit or $50 for GPS smartphone software.

 

Guess what – you don’t have to pay anything at all.

 

A downloadable app called Navfree GPS Live Canada is the first free professional GPS navigation software for iPhone and iPad.


While not flawless, you’d be surprised how good this no-cost app is.


Navfree Canada from Geolife Ltd. gives you 2D and 3D maps (for the entire country), voice-based turn-by-turn instructions (so you don’t need to look at the screen), points of interest (such as restaurants, hotels, gas stations and tourist sites) as well as live Google Search (to find many other nearby places you might be interested in).


Unless you do a Google search, which requires a wireless connection, no data is used up for this GPS app as the maps are stored on your device.


Navfree uses map data from OpenStreetMap.org — often referred to as the "Wikipedia of map software" — as more than a quarter-million people contributed to it over the years. Therefore, there’s no cost to use the product, it’s continuously updated and you, too, can add to the map, as well, right from within the app.

 

The interface is quite clean, too. Aside from typing the word "Ontario" where it says "State" (er, this is the Canadian version of the software, so why not "Province"?), Navfree found the five addresses I typed in – in Toronto, Mississauga, Richmond Hill and Barrie – without a hitch. At least you can change "Miles" to "Kilometres" in the map's settings screen.


By default, it’s a British woman's voice but you can change it to other male and female voices and languages, too, if you like (15 in total, including French, Spanish, German, Italian, Dutch, and more). Note: It doesn’t say street names, but will tell you when to turn, such as in "1.2 kilometres or in 200 metres," etc. While hearing the directions you can also use your fingertips on the map to scroll ahead, switch between day and night maps (low glare maps are safer night driving) and even access your music library right from within the map (music fades in and out when the voice directions are playing).

 

Routing was fast and – for the most part – accurate. In one instance, I was about to hop on Highway 400 North from Woodbridge to drive to Barrie, but it was suggesting to go on Highway 407 east to some point. Huh? So, as with any GPS unit, general knowledge of your area is always helpful. But this was one instance out of an otherwise flawless experience.


Of course if you take a wrong turn or need to go on streets not recommended by the app (perhaps because of an accident or construction), it’ll automatically reroute for you.


Another issue is if you cross the border, you’ll have to close the app and open up Navfree U.S. version as this map is only for Canada. At least it's free, too.


There’s also a Pedestrian mode for when you’re on foot – for instance, it’ll say you can walk in either direction of a one-way street.


Other features of Navfree include the ability to send your route to a friend via email, text message, Facebook or Twitter; you can set a "Home" location to quickly get back to your home; and access a Navfree Store to purchase the "Ad-Free" version of Navfree for $1.99 – though I never saw one advertisement in this free version.


Overall, Navfree is an excellent – and free – GPS solution for iPhone and iPad owners.

235 Views 0 Comments Permalink Tags: strategy, 10-99, 100+, 1-9, business, mobile, tips, mobile_working, social_media, blackberry, app, balance, smartphone, leadership, iphone, android, app_week, evan_carmichael, gps, entrepreneur, ipad, flexible_work, canada, small_business, marc_saltzman, enterprise, free, 15_minutes, live, gpsnav
0

The second TELUS Challenge event of 2012 was held at TELUS House Toronto yesterday. Welcoming the audience of business clients, Piero Fusco, Director of SMB Wireless Sales in Ontario highlighted the TELUS customer-first approach that includes TELUS' sponsorship of the Globe & Mail Challenge. The year-long series focuses on supporting smaller businesses and helping them address common  business challenges.  It includes a $100,000 business grant that will be awarded to one business this year.

 

micro_eventFeb16 020.jpg

 

The event theme was “Moving your business full-speed ahead”,  and the first guest speaker provided a perfect example of how this can be achieved. André Charoo of TELUS client Uber explained how his company uses high speed mobile technology to provide its “limo on demand”  service.

 

Uber partners with limo companies and fills the gaps in their drivers’ day. Whenever they’re not busy, drivers power up an Uber app on a smartphone, alerting the system that they’re available. Customers who’ve downloaded the free Uber app simply tap on it when they need a pick-up. The nearest driver is automatically dispatched and the customer can watch the car approaching on their app. After the ride, Uber bills the passenger’s credit card, including tip and HST. No cash is exchanged, so there’s nothing to detract from the private driver experience.

 

Uber was launched in San Francisco, quickly expanding to New York, Chicago, Seattle and Washington DC. Their first international city was Paris, and Toronto will follow in March.

Andre_Uber.jpg

Photo: André Charoo & Lucas Samuels, Uber

 

“Our challenge coming here was to find a carrier that  could provide us with the reliability, transparency and long-term vision  to support us,” said André.  “We move quickly, so we  needed a company that could support us. I’m very happy we chose TELUS.  We’ve already deployed 30 phones in just a few weeks.”

 

Manager of B2B Sales for Samsung Electronics Canada, Olin Ramprashad followed, demonstrating how Android is built for business.  According to Ramprashad, Android is the fastest-growing mobile OS and, since 2010, has been number one in the US. In 2011, the number of Android apps more than tripled, and many of them are ideal for business.


Before and after the presentations, the audience had the opportunity to get hands-on with the new Samsung Galaxy Note, the Galaxy Nexus and a few different-size Samsung tablets. Some of the devices are designed to operate with TELUS’s blazing fast new 4G LTE network, which was launched nationally just last week.

SamSung Devices.jpg

Photo (L to R): Samsung Nexus, Samsung Galaxy Tab 8.9 LTE, Samsung Galaxy Note

 

 

More photos are available on the TELUS Business Facebook page.

313 Views 0 Comments Permalink Tags: 10-99, 100+, 1-9, business, mobile, mobile_working, smartphone, entrepreneur, small_business, samsung
0

TELUS challenged entrepreneurs on the TELUS Business Facebook page to share their best to-the-point and convincing elevator pitch for a chance to win one of two business productivity prize packs. With more than 100 submissions, Jeff Fung was one of the finalists.

 

MyLawBid - Jeff Fung.jpg

Jeff Fung knew the key to successfully launching mylawbid.com was people. He networked at his alma mater, Queen’s University and, later, sponsored the annual conference of the Federation of Asian Lawyers. “We are referral based and relationship-based and that is crucial to our success, even though we are online,” he says. The service allows lawyers to bid on consumer jobs (at no cost to the consumer. No more random, frustrated Googling.) The site, launched in July 2011, is in beta phase, meaning lawyers can sign up for free. (Fung hopes to institute a monthly or annual pay structure by Q2.)

In December, The Globe and Mail’s Small Business LinkedIn group ranked mylawbid.com in the Top 10 “must have resources for entrepreneurs.”

How did you develop the elevator pitch?


I wanted to demonstrate the value of the company to everyday users and I targeted them rather than investors. I believe I can provide services that are useful to individuals and small business that, maybe, aren’t plugged into the legal community and need help finding a lawyer.

When did you start using social media?


We’re still working on our social media strategy. I’ve been using Facebook and LinkedIn since I started. I was experimenting, joining groups on LinkedIn, and I’d post interesting legal articles on FB. I can’t say we’ve perfected it as I’m still learning how to properly approach users. I also joined Twitter last fall. And we’re trying to create instructional and promotional videos for YouTube. I haven’t figured out user acquisition so if you have any ideas I’m all ears!

Many businesses struggle to build their customer base and attract new customers with limited resources. Your advice?


Figure out what you need on your website to attract people and then focus on that before you start spreading the word. We really needed lawyers to respond to people’s inquiries, so our first phase was reaching out to them. We are province-wide and have 100 lawyers in the GTA. (Including Devry Smith Frank LLP, Gardiner Roberts LLP in Toronto and Borden Ladner Gervais LLP in Vancouver.) We also have lawyers in Ottawa, Kingston, Kitchener-Waterloo and Smith’s Falls. We’re working on building a presence in Vancouver.

What technology was crucial to building your business in 2011?


It’s not about technology for us. The way we built our network of lawyers so far, besides through social media, has been by building relationships – with legal organizations, or organizations that service small businesses, or channel distributors like real estate agents.

What was your greatest success in 2011?


As a business owner who is just starting out it was really exciting to get the validation that the idea was going to work and that people valued it. That really happened after we were profiled in The Globe and Mail in December. We got a lot of traffic on the website.

Imagine you’re considering starting a new business. Given your experience, what are two things you’d advise yourself?


I’ve learned patience. There aren’t going to be 1,000 lawyers signing up for your service; even if you think it’s a great idea, you need to sell people the value. It’s about working hard and putting in the hours.


I could have fleshed out the business plan. I knew how I would acquire lawyers but was less clear on how I would acquire non-lawyers. And having an SEO strategy when we launched, so we would have older web pages and appear in search results in a better position.

What are your business goals for 2012?


The main one is to transition from beta testing to the revenue-generating phase. And to expand into other cities, Vancouver and throughout B.C.

 

 

Amber Nasrulla is an ex-pat Canadian writer based in L.A. who specializes in profiles from business leaders and scientists to Hollywood celebrities. Her work has appeared in North American and British publications including L.A. Times, The Globe and Mail, Los Angeles Magazine, ELLE Canada, Chatelaine and London Weekly Times.

 

To follow TELUSBusiness on Facebook go to facebook.com/telusbusiness.

501 Views 0 Comments Permalink Tags: 10-99, 1-9, business, social_media, entrepreneur, small_business, business_owner, amber_nasrulla, elevator_pitch_contest, mylawbid.com
33

My name is Evan Carmichael and I believe that the fastest and most effective way to build a business is to model the strategies of people who have already done what you’re trying to do. I call it Modeling the Masters. My last post with almost 60 comments was 3 Success Tips from Robert Kiyosaki (Rich Dad Poor Dad).

 

Today we're going to look at how a high school dropout who was constantly in trouble with the law turned his life around and started to believe him himself. He would go on to become two-time former World Heavyweight Boxing Champion and multimillionaire entrepreneur. This is the story of boxing great George Foreman and the top 3 lessons that you can learn from his success.

 

Must Watch Video

 

 

"Learn to sell and you'll never starve."- George Foreman

 

George "Big George" Foreman (born January 10, 1949) is an Olympic gold medalist, two-time former World Heavyweight Boxing Champion, and entrepreneur. A high school dropout, as a teenager, Foreman didn't know how to read or write. He took to the streets and got into trouble by picking pockets and mugging people. His sister told him "You'll never be anything."

 

After finding himself on the run from the police one night and digging himself in a pile of mud to avoid their dogs finding him, Foreman decided he had to change his life. He enrolled in a job skills training program for youth and began learning how to read and write. He later also learned how to box and entered into amateur competitions so he could send $50 home to his mother every month. After a year and a half of learning to box he entered into the Olympic Games and won the gold medal. He went on to win the World Heavyweight Boxing Championship twice.

 

After twice retiring from professional boxing, Foreman became an entrepreneur and toured the world selling George Foreman Grills. In 2002 alone, the company earned $922 million from selling the grills. Foreman would go on to earn 3 times more money from the grills than throughout his entire career as a boxer.  He has also moved on to selling TV shows, clothing, books, and Indy Car racing teams.

 

Action Item #1: Learn How to Sell

 

If you want to be a successful entrepreneur you need to develop the ability to sell. Selling is not just convincing customers to buy your products or services. Selling is getting employees, media, investors, suppliers, and everyone else who is involved in your business to believe in what you're doing. It starts with a strong passion for what you're creating. If you love what you're doing and think you can really help people, it's easy to get excited about it and draw others in. If you don't really believe in what you're doing, why should others believe in you?

 

After Foreman came back to boxing and, at 44 years of age became the oldest person ever to become champion, he started getting calls to endorse companies and become their spokesman. When they saw that he could sell anything from food appliances to cleaning products the companies lined up to get him to represent them. From Doritos to Kentucky Fried Chicken to McDonald's, Foreman went to work selling their products - and people listened.

 

According to Foreman: "In time I learned the importance of selling... I love selling... If you learn to sell, it's worth more than a degree. It's worth more than the heavyweight championship of the world. It's even more important than having a million dollars in the bank. Learn to sell and you'll never starve."

 

Action Item #2: Get People to Like You

 

People like buying from people they like. The more you can get your customers to like you as a person, the more likely it is that they're going to buy from you. People also prefer buying from people rather than corporations. Make sure you show clients the history and the people behind your company. Talk about how and why you started the business and the impact that you're having. The more personal you can make it the more people are going to like you and the more they'll want to buy from you.

 

During his early boxing career, people hated George Foreman inside and outside of the ring. He stormed into the ring with rage and didn't have much finesse to his game. He was in it for the money at the start and he didn't care what other people thought of him. He even showed up to one fight against Muhammad Ali with an angry German  Shepherd by his side to try to intimidate his opponent. But in order for him to be an effective salesperson he had to change his persona and get people to like him.

 

According to Foreman: "I'd get mad at the critics, other boxers. I wanted to destroy everybody with my fists. I figure I am going to make a lot of money. I didn't care about nothing else but making a lot of money. I didn't care if people liked me... I cut off all my hair and my mustache. I didn't want to be identified with the old guy... I learned to make people love me to get my message across... When I had a chance to box again, I saw boxing not as a sport the second time around, but as pure business which meant making meetings and trying to make myself attractive to Madison Avenue ."

 

Action Item #3: Keep Trying Until it Works

 

It's rare that entrepreneurs make it big off their first idea. And even if they do, the idea has changed many times from what they thought they were going to create. Failing is a part of business. The key is to get started. Too many people don't start because they're afraid of failing. You will know failure - keep going. Fail smarter the next time and eventually success will be yours.

 

Foreman isn't afraid of failing in business. He's done everything from specialty shoes made for diabetics to a health-food restaurant chain to a reality television series. He's willing to try almost anything if he thinks it might be a good opportunity and it's something he believes in. As long as the business is something he can feel proud of and won't damage his integrity, Foreman is willing to stretch his brand to almost anything. You never know until you try!

 

According to Foreman: "You've got to start out early in the morning and look at hundreds, literally hundreds of things. And it may take a year, it may take three or four years, but you're going to hit something so you have something to put on the table for your family... You know you put out a lot of buckshot, you're going to strike one."

 

True Story

 

With a criminal record and a reputation for being a troublemaker, few gave Foreman a chance. When he joined the U.S. Job Corps looking for a way to get off the streets, he caused so many problems that he was almost expelled from the program. His supervisor advised him to find a different outlet for his anger and suggested he take up boxing. When Foreman first started to box, he was so scared that he just closed his eyes and swung his massive fists to win the fights. It was only until he started going up against better boxers that he had to learn to fight with his eyes open.

 

More Quotes

 

"The greatest asset, even in this country, is not oil and gas. It's integrity. Everyone is searching for it, asking, ‘Who can I do business with that I can trust?'"

 

"You must preserve the quality of your name, your integrity. You don't want to lie about anything. And it's something that people will be happy about once they get to know you. Because people count on you."

 

"Make a decision you'll be able to sleep with, wake up the next day, look in the mirror and feel good about yourself."

 

What Do You Think?

 

How do you sell your products or services? How many times have you tried starting different businesses? What part of George Foreman's message impacted you the most? As always, I’d love to hear your thoughts if you leave a comment below!

 

Evan Carmichael


To learn more check out my list of George Foreman articles or my website, EvanCarmichael.com.

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Navigating office politics can make an office worker feel as anxious as a new high school student. But there are tangible methods to grapple with the gossip and cliques as well as meet deadlines and quarterly targets.

Jeff Mowatt is a business strategist in Calgary, Alberta, an award-winning professional speaker and the author of Influence with Ease. Since Mowatt opened his business more than 20 years ago, he has advised clients in many sectors including automotive; banking; the beauty industry; and transportation, to name a few.  He answered the Globe & Mail's challenge recently about handling office politics and here, he expands his advice.


jeff mowatt.jpg

 

I just got a promotion and it’s awkward to delegate and discipline my colleagues who were my friends up until last week. Your advice?


Call a meeting. Explain publicly how ‘the old story about nothing changes with me being the boss’ is a myth. Things will change; they’d change with any new supervisor. Explain how you’re the one who is now accountable and responsible for what happens with the group. That means you will ask for their input, but ultimately you make the final decisions. You’ll give them one-on-one feedback, both positive, and areas they need to improve upon. This is new to you also, so you’ll ask for one-on-one feedback from them about how you’re doing. If they have a concern about your leadership, they are to discuss it directly with you; not behind your back. That won’t prevent it from happening, but it will make them more conscious when it does begin.

 

How do I handle a colleague who is bad-mouthing me to the boss without looking like a whiner?


You don’t [because] you will look like a whiner. If your boss has a problem with you, he or she will bring it to your attention sooner or later. Make sure you’re doing your job well and ignore the other person. If they write something defamatory about you that is untrue and you read it, then refute it – truthfully in writing, without exaggerating – and cc your boss. Stick to facts; your opinion will make you look desperate.

 

I feel awkward trying to find mentors in the office just so I can get a promotion. What’s an authentic way of meeting influential people?


Join your professional association and get involved. Plumbers have plumbers associations; dog walkers have dog-walking associations. They are starving for volunteers, show up, be reliable, use good judgment and get involved in the local and national boards. You’ll develop your network and your expertise. Eventually people will want you to be their mentors.

 

I’m 10 years older than most of my colleagues and I have kids. What can I do to overcome the stereotype that my family is more important than my job?


Do you want to give the impression that your job is more important than your children? Yikes!  Working for an organization doesn’t mean you need to sell your soul (or sell-out your family). If the issue is that you won’t have as much in common with them, you’re right – you won’t. The good news is you don’t need to be buddies with everyone at work. Trying too hard to be friends just looks pathetic and tends to have the opposite affect. Organizations have ‘teams’ charged to do a task. They are not ‘families’ that are expected to love each other. Do an outstanding job, be nice to people. Then go home to your family.


How do I handle team members who don’t pull their weight?


Have a conversation with them along the lines of: “Bob, you and I are going to be working together a long time I hope, so it’s important we understand expectations. We are all expected to do X. That includes you. So far you have done Y. This is messing up Z. What do you suggest we do to address this?” When Bob grumbles he’ll get to it, leave him alone. Don’t expect him to be happy. He won’t. Don’t try softening it with a bunch of compliments about the other things he’s doing well. That just muddles the message. You’re getting paid to do a job, not to tiptoe around lazy people’s feelings. Make sure you have friends and family at home and a dog. They love you no matter what!

 

 

Amber Nasrulla is an ex-pat Canadian writer based in L.A. who specializes in profiles from business leaders and scientists to Hollywood celebrities. Her work has appeared in North American and British publications including L.A. Times, The Globe and Mail, Los Angeles Magazine, ELLE Canada, Chatelaine and London Weekly Times.

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Samsung Galaxy Note.jpg

 

If you're in the market for a new smartphone that goes above and beyond what you're exiting one can do, get your hands on the Samsung Galaxy Note ($199.99 on a 3-year plan), a 5.3-inch Android-powered device that folds in tablet-like functionality.

 

Yes, that's right, it's a hybrid product that acts like a smartphone on one hand -- you can make calls and send text messages, and it can still slip it into your pocket or purse – but its larger real estate means it's also ideal for consuming media, be it reading e-books, watching video and playing games.

 

For businesses, the Samsung Galaxy Note is also great for working on documents, web browsing and reading long email messages without having to continuously scroll down the page.

 

If you can get past its supersized body – it might look a little odd held up to your ear – you'll no doubt agree this two-in-one device borrows the best from both worlds.

 

In other words, don't knock it 'til you try it.

 

Before we get to other features, including an integrated stylus pen and support for Telus' fast LTE (Long Term Evolution) network in select cities, a few other words about the Galaxy Note's screen – which is, after all, the first thing you'll notice when you boot it up. The 5.3-inch screen (measured diagonally) isn't just big, it's beautiful. Called an "HD super AMOLED display," the detail on video, games, websites and other Android apps is simply stunning. This 1,280 x 800-resolution display also has excellent contrast (resulting in dark blacks), high brightness and wide 180-degree viewing angle -- in case you want to share the device with someone while watching a video or playing a game. The Samsung Galaxy Note is 9.65mm thin and weighs about 178 grams.

 

The large screen might also mean it's easier to type on the virtual keyboard than smaller phones, like the 3.5-inch iPhone. You can use the soft QWERTY keyboard to type vertically or horizontally or opt to use the Swype option, where you simply drag your finger from letter to letter and lift up to make space between words (those who use Swype swear by it). There's also a speech-to-text option but this Android feature doesn't work as quickly or accurately as Apple's Siri, found on the iPhone 4S.

 

If you prefer to use a stylus pen instead of your fingertip, there's one bundled in the back of the Galaxy Note. Called an "S-Pen," this small stylus lets you sketch or draw on the screen. A small button on the side of the pen can perform extra functions, too, such as snapping a screenshot of what you're looking at. For example, take a snapshot of a map, write something on the screen (such as "meet me here") and then email ot text the image to someone. The S-Pen also offers 256 levels of pressure sensitivity, so the screen knows how thin or thick you want the line to be.

 

You can expect powerful speeds, too, from the peppy processor (1.5GHz dual-core) and the fast LTE speeds for broadband-like downloads and uploads, media streaming and web browsing. In cities without LTE support (yet, that is), the Galaxy Note will revert back to HSPA+ speeds across Canada, which covers the majority of the country.

 

Finally, the Samsung Galaxy Note includes 16GB of integrated memory, but you can expand it up to 32GB via removable microSD cards. The back of the device sports an 8-megapixel camera with LED flash (capable of shooting HD video, too) while a 2-megapixel camera is at the front, ideal for video calling (though not tested for this review).

 

The battery was good as it lasted all day when using Wi-Fi for the most part, but it didn't fare as well when using 4G in Toronto as the device's "Low Battery" warning popped up at dinnertime.

 

Overall, however, the Samsung Galaxy Note is an extraordinary smartphone/tablet ("phablet"?), ideal for both consumers and businesses. It might sound like it's simply too big to use as a phone, but before you pass judgment visit your local carrier's store or other electronics retailer to try it out for yourself.

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TELUS recently challenged entrepreneurs on the TELUS Business Facebook page to share their best to-the-point and convincing elevator pitch for a chance to win one of two business productivity prize packs. With more than 100 submissions, Dark Acre was one of two winners and was awarded an iPhone4, iPad2, and $1,500.

 

NILSSEN_MUG dark acre 2.jpg

 

Christopher ‘Jack’ Nilssen’s diverse job experience includes security guard training, working in a restaurant kitchen, and computer science studies. He also taught English in Japan for 10 years. Though his career path was eclectic and exciting, he says, “I was totally unfocussed.”

 

There was one constant: “Games have been a huge part of my life. Playing video games, playing board games, cards, you name it.” So Nilssen followed his bliss by studying game design at Vancouver Film School (VFS). In September 2010, he launched Dark Acre, developing video games for mobiles and PC. A small business owner with high energy, Nilssen also writes eBooks.

 

 


Small businesses struggle to develop the pitch. What was your process?

 

In my first year at VFS, there was an entertainment business management course and you had to define yourself in one sentence, to let someone know what you are about and what you are doing. I had that in the back of my mind for a couple of years.

 

How did you test your pitch? How do you know that it does your company justice?

 

The pitch wasn’t the thing; it was the mechanics of the contest itself. It was how much I pimped it across my social networks and told people to go there. I directed people to the TELUS page and reminded them to go there everyday because they could! dark acre 3.jpg

 

When did you start using social media and how did you pick which social media tools to use?

 

Social networks like Twitter and Google+, are absolutely critical for me because I don’t have an advertising budget…and I need to get a grassroots social media following. I’m not a social media snob so if a new network comes along I’ll jump on it and create a profile and start gathering people towards it. I’m using Diaspora, which is a competitor to Facebook except without the sense that your privacy is being invaded and data is being mined by corporations! It’s still very small. There’s also Good Reads for indie authors. It’s like a mini-Amazon without the storefront.

 

Quite a few businesses struggle with building their customer base and attracting new customers with limited funds and resources. Your advice?

 

The secret to success is creating the best product you possibly can and if you’ve positioned it on the Internet according to where you audience goes, the word will get out. It can be done.

 

You have to be very niche and, by nature, end up with a small audience. My approach has been to try to provide different content on different social networks and gather different audiences of people. On Twitter I find it’s mostly game developers or spambots; on Google+ it was actual people. It allowed me to do long-form posts, or a blog post with a video link into it. There are all these formulas and metrics, say, if you Tweet at 4 p.m. on Monday, that’s the sweet spot to get all the time zones.
 
What are your business goals for 2012?


I want to make Dark Acre into a complete gaming studio with a full staff, similar to Tim Shafer’s Double Fine Productions. He’s a successful developer from the classic days and his game studio has a bunch of mini studios. As creative director he helps smaller teams realize their visions. I want to create larger and larger products and eventually get onto Xbox and PlayStation, which are the gold standard. I guess I’m talking through to 2020!

 

 

Amber Nasrulla is an ex-pat Canadian writer based in L.A. who specializes in profiles from business leaders and scientists to Hollywood celebrities. Her work has appeared in North American and British publications including L.A. Times, The Globe and Mail, Los Angeles Magazine, ELLE Canada, Chatelaine and London Weekly Times.

To follow TELUSBusiness on Facebook go to facebook.com/telusbusiness.

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6

Who Stole My Time?

Posted by LindaOJ Feb 7, 2012

It’s February and I am happy to be writing my TELUS Talks Business Blog Post again, even if it means I have to write it whilst I am on a conference call, emailing my clients, working on a keynote presentation, and working out at the gym to make sure I lose those extra pounds I gained at Christmas!

 

Just joking, my blog post just happens to be about not having enough time in the day and as all small business owners know, there is not always enough money in our business plan to hire accountants, IT people and marketing gurus, so we have to do it all ourselves and there are only 24 hours in a day.

 

I do have some tips that helped me make it appear that there are 25 hours in a day, and I even managed to sleep a healthy 8 hours after a full day in the office.

 

  • Put a planner on your office wall. Make sure you put everything on there including your lunch time, gym break, shopping and obviously your appointments with clients, phone calls etc.
  • Make a promise to yourself not to answer your phone when you are in the middle of a project, remember you do have voice mail, you can always phone the caller back.
  • Stick to your schedule; if you plan on being in your office at 9am make sure you keep to that time. If you get behind during the day you never find the time to catch up.
  • Schedule time for your social media: Facebook, Twitter, LinkedIn and know why you are spending time on those platforms. Focus, whether you have scheduled 15 minutes or longer, when your time is up, quit at the exact time you have on your planner.
  • Take time to read the book you know you have to. Set a goal for a chapter a day, during your coffee break if that works for you.
  • Plan for exceptions in your schedule such as your car breaking down, the train being late, a client not turning up, etc. If you need to, set new goals for the next day or when you have availability. Leave open spaces in your planner for these emergency changes.
  • Know that you will probably not be able to finish everything in one day, accept this and walk away. Your work will still be there tomorrow and you will feel refreshed and ready to go.

 

We tend to set tight schedules that we know we can’t keep to. This can make us irritable, angry and even suffer low moral.  If there is an emergency and you have to work from home once you have eaten supper, know that this can’t happen every night. Once you get into the habit of taking work home it is difficult to turn back. Set sensible goals, make new habits and believe in what you are doing and know it works.

 

I think there is a term that could be used to describe what I am talking about: time management. It’s about knowing how to use your time wisely, effectively and how to get the most out of every minute of your day. Saying that, if it’s not fun and you are making yourself sick through overworking then you are not doing it properly. The time has come to look at your budget and see if you can out-source some of your work otherwise you might not have a business for much longer.

 

Let me share a quote: “A stitch in time saves nine”. This quote means: a timely effort will prevent more work later. The Phrase Finder suggests, “The stitch in time is simply the sewing up of a small hole in a piece of material and so saving the need for more stitching at a later date, when the hole has become larger, clearly, the first users of this expression were referring to saving nine stitches.”

 

We can transfer the meaning of this quote over to our work ethic and if it means keeping to a sensible work schedule, which in turn may help stay healthy and alert. We will probably get more done than if we are forgetting things which are important to the smooth running of our business.

We were given 24 hours in a day for a reason, use your 24 hours every day sensibly, productively and don’t fight old man time, you can’t win.

 

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Linda Ockwell-Jenner is a President of Motivational Steps and  Co-Founder of the Small Business Community Network (SBCN) based in  Waterloo Region. Find out more about Linda at www.motivationalsteps.com and www.sbcncanada.org

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seagate goflex satlellite.jpg

Last week in this space I wrote about a way to add 25GB of free storage to your iPhone or Windows Phone – via Microsoft's Windows Live SkyDrive cloud service.

 

In this blog post, I wanted to share another way you can expand the capacity of your limited smartphone or tablet – but this one doesn't require an Internet connection and you'll get 500GB of storage.

 

It's an external hard drive that is not only portable – therefore small and battery-powered – but it has the unique ability to wirelessly stream content to a nearby smartphone or tablet. And it doesn't matter if you're using an iPhone, BlackBerry, Android or Windows Mobile device.

 

Intrigued?

 

Called the Seagate GoFlex Satellite ($199.99), this small drive emits a Wi-Fi signal and can stream content to nearby devices – even serving up three different streams at the same time.

 

The work applications are obvious -- as you can fit many thousands of documents, spreadsheets and presentations on a half-terabyte drive -- but you can also use this when on a family road trip over spring break. Imagine you're in the car with a few kids in the backseat and they each have a different Wi-Fi device, such as a smartphone, tablet or media player like an iPod touch. As long as they join the GoFlex Satellite drive -- as if they were logging onto a Wi-Fi network -- they can launch the web browser or open up a free app to see and access the contents of the hard drive. This includes high-definition movies, TV shows, music, photos and other files.

 

Once you go over three simultaneous streams, it can begin to affect performance for everyone. Of course this gadget can be used at home or at the office, too.

 

Seagate GoFlex Satellite Drive - a.jpg

 

The only other limitation is in the file formats supported. Because an iPhone, iPod touch or iPad can't play .AVI or .WMV files, for example, it won't be able to stream those videos from the GoFlex Satellite hard drive. .M4V or .MP4 video files will work just fine, however.

 

Slightly bigger than a deck of playing cards, this drive's 500GB capacity translates to more than 300 high-def movies. And consider most portable devices like smartphones and tablets usually max out at 64GB anyway.

 

While the GoFlex Satellite creates its own Wi-Fi hotspot, keep in mind you can't get online through this drive. It only creates a wireless connection between the drive and the device you're streaming to. But at least you don't need a wireless network to use the drive -- hence the road trip scenario.

 

Battery life tops five hours for playback and more than 25 hours on standby.

 

While there's some content preloaded on the device, such as some cartoons and Discovery Channel programming, you'll first want to connect the GoFlex Satellite drive to a PC or Mac via USB 3.0 connectivity (compatible with USB 2.0) and drag and drop content onto the drive. Optional interfaces include FireWire 800 and powered eSATA (sold separately).

 

Seagate GoFlex Satellite Drive - b.jpg

Want one? Or at least want more info? Click here for additional specs and features of the Seagate GoFlex Satellite wireless hard drive.

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0

TELUS recently challenged entrepreneurs on the TELUS Business Facebook page to share their best to-the-point and convincing elevator pitch for a chance to win one of two business productivity prize packs. With more than 100 submissions, Lindalu’s pitch was one of the top finalists.

 

 

lindalu forseth.jpg

After an injury forced Lindalu Forseth to leave her job as a leasing manager in the automotive industry, she didn’t skip a beat. She moved to Powell River from Calgary and then followed her passion by starting the Malaspina Soap Factory.

 

“If you’re not passionate you’re not going to survive. We started out on a shoestring, which I wouldn’t recommend,” she laughs. “But we’re still here three years later.”

 

Using ingredients like clay, oil, and herbs, she handcrafts colourful soaps that resemble cakes and fancy pastries. They’re sulfate, paraben, and detergent-free. “My business is all about balancing nature with science.”

 

Let’s talk about the process of coming up with the pitch – it’s something small businesses struggle with.

 

In 60 seconds or less include what the customer needs to know. You’re not begging for their business, you’re going to tell them what they need to know and why they want to buy from you. There’s emotion in there whether you’re working for yourself or someone else.

How did you pick which social media tools to use? How it has most helped you?


On Facebook you can have relationships with your prospective clients and customers who are already buying from you. By looking at the statistics I know who is looking at my product and similarly I can see statistics on my website. I have a good idea of the age ranges of my buyers – they’re mainly men and women, 35-55. The next group is women 25-35.

 

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How do you measure the success of social media initiatives?


At this point I only have 200 or 300 friends or ‘likers’ on Facebook, but on occasion I’ll do ad words and target my audience. I have statistics at my fingertips that say I’m getting this many hits per day, per hour, this many actual visits. And these are the pages they are looking at, these are my entrance pages, these are my exit pages and this is where the business is coming from. When you have to do marketing or poll people that gets terribly expensive. So why do it when you can do it very inexpensively with social media?

 

Quite a few businesses struggle with building their customer base and attracting new customers with limited funds.  Your advice?


When you get a customer pay very close attention to them because it’s easier to keep a customer and less expensive, than it is to go find a new one.

 

How do you address customer feedback and what does it take to implement changes based on this feedback?


The customers are the experts. So the changes I’m making are product and fragrance changes and that allows me to start narrowing my lines, which saves me money and time on production.

In 2011, what technologies did you rely on to grow your business?


If I lost my computer I would really be upset. And the Internet. I’m a paid vendor and I advertise on badgerandblade.com, a male shaving forum of 40,000-50,000 men. And I market through my website. So it wasn’t just technology it was my male customers!

 

What do you regard as your greatest success as a business in 2011? How did you make it happen?


My greatest success is my shaving product line. It took me 18 months to two years to develop it. I launched in January and I now have three private label accounts and it’s in some stores. It’s made my Internet sales explode. My customer is not the one who likes his five-blade cartridge and the goo in the can.

 

What are your business goals for 2012?


To let the business grow naturally because the natural, rather than forced growth, is getting better long-term results. The people who want to carry my products or private-label them are coming to me. And you’ve got to learn more from your failure than your successes.

 

 

Amber Nasrulla is an ex-pat Canadian writer based in L.A. who specializes in profiles from business leaders and scientists to Hollywood celebrities. Her work has appeared in North American and British publications including L.A. Times, The Globe and Mail, Los Angeles Magazine, ELLE Canada, Chatelaine and London Weekly Times.

 

To follow TELUSBusiness on Facebook go to facebook.com/telusbusiness.

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60

My name is Evan Carmichael and I believe that the fastest and most effective way to build a business is to model the strategies of people who have already done what you’re trying to do. I call it Modeling the Masters. My last post with over 30 comments was 3 Success Tips from Herb Kelleher (Southwest Airlines).

Today we're going to look at how a Vietnam veteran failed with two separate businesses but was determined to become a successful entrepreneur and not have to work for someone else. He would eventually become one of the most successful business writers of all time. This is the story of Rich Dad Poor Dad creator Robert Kiyosaki and the top 3 lessons that you can learn from his success.

 

Must Watch Video

 

 

"The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way." - Robert Kiyosaki

 

Robert Kiyosaki (born April 8, 1947) is an American investor, businessman, self-help author, motivational speaker, and financial literacy activist best known for his "Rich Dad Poor Dad" book series. After serving in the Marine Corps as a helicopter gunship pilot during the Vietnam War, Kiyosaki returned home to work as a salesman for Xerox. Not wanting to work for someone else for the rest of his life, Kiyosaki had dreams of starting his own business.

 

After unsuccessful stints selling Velcro wallets and T-shirts for heavy metal rock bands, Kiyosaki began promoting the personal growth seminars of Marshall Thurber called "Money & You." When Thurber decided to retire, Kiyosaki took over the business and began traveling the world to educate people about financial strategies. To reach more people he decided to write his first book which he self-published, "Rich Dad Poor Dad."

 

Robert Kiyosaki has written over 15 books and has sold over 26 million copies. 3 of his books have been on the best sellers lists of The Wall Street Journal, USA Today, and the New York Times simultaneously and he's a sought after speaker who continues to educate people on how to understand their money.

 

Action Item #1: Make Your Money Work Hard

 

One bit of advice that has served me well with my business is: Don't spend money until you're making it. Anybody can spend money. If I gave you a million dollars today for your business I'm sure you could come up with a million different ways to spend it. But not everyone can make money. Bootstrapping should be your mantra. Find ways to get your product or service out without spending money. Get even just a few orders and prove that people will buy what you're selling. Then spend money on expanding your marketing. Your money will be well invested because you know you have something that works. Until you start making some sales, hustle and put your sweat into drumming up some business.

 

Kiyosaki believes that people go to school to learn how to work hard for money while he tries to teach people how to have money work hard for them. He believes that for many people, success is working hard to land a secure job at a big company or government who will look after you until you retire. That model might have worked in the Industrial Age but now in the Information Age, people have to look after their own financial security because you can no longer rely on your employer to take care of you. One of the best ways of doing this, he believes, is to create your own business and become your own boss.

 

According to Kiyosaki: "The poor and middle class work for money. The rich have money work for them. The rich buy or create assets that work for them so they don't have to... An asset puts money in your pocket and a liability takes money from your pocket. The rich understand the difference and buy assets, not liabilities. "

 

Action Item #2: Mind Your Own Business

 

As entrepreneurs we have to wear many hats. You're everything from the CEO to the janitor when you start a business. If you want to grow your business properly and have confidence in your decision making, you need to understand your numbers. Yes, it may be boring and outside your core competencies at the beginning but when you can understand your balance sheet, income statement, and the numbers that run your business you'll be in a much better position to drive your company forward. It could be one of the best investments that you make into yourself and your business.

 

If you want to achieve financial freedom, Kiyosaki believes that there are 3 key lessons that you need to master: learn how to make money, learn how to manage it, and learn how to invest it. He encourages people to keep their day jobs until they are earning enough money on the side from their own business or investments to be able to quit. Kiyosaki also believes that money is a "base subject" and that it's never too late to start learning.

 

According to Kiyosaki: "Many people confuse their profession with their business. To become financially secure people need to mind their own business. Your business revolves around your asset column, as opposed to your income column. The rich focus on their asset columns while the poor and middle class focus on their income columns.”

 

Action Item #3: Work to Learn, Not for Money

 

If you haven't started your business yet, a great piece of advice is to get a job where you can learn the skills that you need to succeed as an entrepreneur. Want to set up your own auto shop? Go work for small auto shop. Learn the ins and outs of how the business runs. Ask the business owner to get involved in other projects in addition to what you were hired to do. Work extra hours and on the weekends to over deliver and really understand how the business works. You'll first figure out if that industry is for you or not and you'll also make many of your rookie mistakes while still getting paid by someone else.

 

Kiyosaki credits much of his success as an entrepreneur to his military education. He learned how to lead men into battle, make important decisions quickly, and be tough. He translated those skills into hiring excellent workers and leading them into business battles. He also credits working for Xerox for teaching him how to sell and how to accept and move forward from rejection.

 

According to Kiyosaki: "Many entrepreneurs fail to grow because they lack leadership skills. And rather than look in the mirror, they find it easier to blame others. Blame is short for be-lame, and you can’t be an effective leader if you’re lame... Work to learn. Don’t work for money… Look for jobs that can help you develop the skills of managing cash flow, systems and people rather than just pay you well."

 

True Story

 

There was once a friend of Kiyosaki’s whose 16 year old son desperately wanted a new car. His friends had all been given one by their parents, and now this son expected nothing less. But, it was not going to be that easy for the boy. His father had played Kiyosaki’s CASHFLOW board game and he wanted to teach his son a lesson in financial management. The father gave his son $3,000 but forbade him from using it to buy a car just yet. At the same time, he gave his son a subscription to the Wall Street Journal. The father told his son that only once he had earned an additional $6,000 from investments could he then use $3,000 to buy a car. The rest of the money would of course go into his college fund. “My friend said it was the best $3,000 he ever spent,” says Kiyosaki. “Not only had his son gained a new respect for the power of money, he also learned to spend money wisely instead of letting money burn holes in his pockets.”

 

More Quotes

 

"Don’t work for money; make it work for you."

 

"Remember, your mind is your greatest asset, so be careful what you put into it."

 

" If you want to go somewhere, it is best to find someone who has already been there."

 

What Do You Think?

 

Did you bootstrap your business? Do you understand the numbers that run your company? What part of Robert Kiyosaki's message impacted you the most? As always, I’d love to hear your thoughts if you leave a comment below!

 

Evan Carmichael


To learn more check out my list of Robert Kiyosaki articles or my website, EvanCarmichael.com.

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4

SkyDrive - b.jpg

 

OK, so this headline might imply you can add more flash memory to your beloved smartphone.

 

Instead, Microsoft's Windows Live SkyDrive -- which gives you up to 25GB of free storage per account -- now has an iOS app, so you can access your password-protected files from anywhere you've got an Internet connection.

 

Still, this "cloud" integration is a great way to expand the capacity of your device – including the ability to stream video to your iPhone, iPad or iPod touch.

 

To get going, you first need to sign up for SkyDrive on a computer. All you need is a free Windows Live ID, such as your Hotmail e-mail address, Messenger or Xbox LIVE ID. If you like, you can start uploading documents and media on your PC by dragging and dropping the files onto the site.

 

Next, you'll download the free SkyDrive app from the Canadian iTunes App Store here. Once downloaded, and you've typed in your ID and password, you can begin accessing and managing your stored files while on the go -- plus you can also upload photos or videos from your iDevice to SkyDrive over Wi-Fi or 3G connectivity.

 

It's also possible to create (or delete) SkyDrive folders from within the app, share files with someone -- by emailing them a link to the public folder on your SkyDrive -- and you can open documents, view photos and play videos (in either .mp4 or .wmv formats).

 

The 4.4MB app and service works very well for the most part, though there are a few limitations.

 

For one, you can't search through all your content by keyword. For example, I uploaded thousands of Word files and PDFs to my SkyDrive, which are listed alphabetically, but what if I wanted to open a document called Zebra.doc? It could take minutes to flick through to the end.

 

Secondly, you cannot upload documents from your iPhone -- only photos and videos smaller than 100MB apiece, and only one at a time.

 

While the app works on iPad, it's not optimized for it, therefore you need to expand the app full screen by tapping the 2x button and as such, it doesn't look as good as it could.

 

Overall, however, the free SkyDrive works well on the iOS platform (it's also available for Windows Phone devices) and at 25GB per account, it offers more free storage than most other cloud storage solutions.

1,299 Views 4 Comments Permalink Tags: 1-9, 10-99, 100+, 15_minutes, android, app, app_week, balance, blackberry, business, enterprise, entrepreneur, evan_carmichael, flexible_work, ipad, iphone, leadership, marc_saltzman, mobile, mobile_working, small_business, smartphone, social_media, strategy, tips, windows, live, skydrive, cloud, storage
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