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Every new business owner wants good business profitability. Face it! If there’s no profit, there isn’t a business for long. So before starting your own business, ask yourself if you have the skills needed to attain business profitability.

You’ll need the following skills:

Financial Skills You’ll Need To Attain Business Profitability

Idea Generation Skills You’ll Need To Build Business Profitability

Planning Skills Needed To Build Business Profitability

Management Skills Required To Reach Business Profitability

Marketing Skills You’ll Need To Attain Business Profitability

Customer Relations Skills You’ll Need To Attain Business Profitability

This article covers financial, idea generation and management skills. The second part of this two-series article will cover planning, marketing, and customer relations skills.

Financial Skills Required To Reach Business Profitability

Even if you pay employees or professionals to do your accounting and bookkeeping, you still have to stay on top of your business finances. If you are to build business profitability, you must know at all times how your business is faring financially.

As a business owner, you have to understand financial statements and know what financial terms mean to your business. You also have to use business credit with caution.

You must know what’s required to get small business loans, and how to build a cash flow business so you can make the payments on your loans.

You may not have thought of other financial considerations that can affect your business profitability. Do you have business insurance to replace your small business resources if they are stolen, destroyed or blown away by a hurricane or tornado? Have you thought about using profit sharing to motivate your employees to work on your business profitability?

Idea Generation Skills You’ll Need To Attain Business Profitability

It’s your business, and you are responsible for selecting the best idea from the many business opportunities available. You must choose one that has the best potential business profitability.

You have to generate good ideas from the time you start to plan your business. Then you have to continue applying creative ideas for getting and retaining customers.

You may have lots of ideas, but you have to carry through and implement those ideas to build business profitability.

Planning Skills You’ll Need To Attain Business Profitability

Your ideas are worthless unless you implement them. Implementation requires that you develop a business plan and follow it.

You have to plan for business growth. It doesn’t happen if you don’t plan for it. Do you need help with your planning? You can get it free from SCORE. Sponsored by the Small Business Administration, successful business owners offer free assistance through SCORE. If you need help, get it either through free sources like SCORE or through paid coaches.

A business plan is too valuable to just use for getting a loan.

Your business plan should be thorough enough to guide your business growth and lead to business profitability. It should outline your marketing strategies and tactics. It should establish your business processes and procedures in order to guide how you and your employees work your business.

Without a business plan, you will be ill prepared to manage your business so that it will earn a profit sooner rather than later.

Synthesis

So are you prepared to achieve business profitability? Do you have planning, idea generation, and financial skills? Great, you have half of what you need. Learn the marketing, management and customer relations skills that you need in part two of this article.

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In my search for signs of intelligent life my region, through meeting, greeting and all the preliminary rituals of dating. We think of love as something to do since we are so action-oriented.

I remembered some mentioned deep hearted comments about love, dating and the appropriate-and inappropriate behaviors of the human mating rituals were called for after experiencing some of the less than favorable dating and mating dances first hand. Therefore, wanting to know if it was just me, feeling the urge to flee the Internet dating scene, I sought out interviews with the local women of the area. The results of these interviews provided for a delectable birds eye view of what it REALLY is like to embark on the path of Internet singles sites.

Love’s Philosophy: Does love actually have a philosophy? What is it?

Clinically speaking love is a method of merging in ultimate union through the heart. It is dualistic in the sense that one experiences love at first in relation to something or someone separate from oneself. The goal and outcome is non dualistic in the sense that the lover and the beloved’ souls merge into a sort of one entity.

Though the work is delicate, it is much more than just that, in that it is too easy to get too much reward (bliss) from the dualistic stage..that one cannot leave the separateness to proceed to the initiative stage. We are so action oriented that we think of love as something to do. But most people have sadly found that you cannot make love if love does not already exist. Love has to spring spontaneously from within, and it is in no way amendable from any inner or outer force. Love and coercion can never go together, but love can be awakened within a person through love itself. Love is essentially self-communicative. Those who do not have it catch it from those who do have it. True love is irresistible unconquerable. It goes on gathering power and spreading itself until eventually it transforms anyone involved.

There are different vehicles of lover for beloved. The essence, the love is the same. What one is loving within the other is love itself. When we say we “fell in love”…we say that the person found the key to unlock the place of your love. When the experience is mutual you can say psychic chemistry allows both partners to fall in love or awaken to love. Since love is a state of being that state to which we all want to return , we wish to possess love or we try to possess the key but we find that is impossible ….to possess the key is to loose it.

More often than not, we become attached to the methods and fail to realize that it is the goals and not the method we crave. A relationship that starts out as one that awakens love can only remain a living vehicle for love to the extent that it is continually made new. Play your role in the divine dance but know it is such so that its divine nature is recognized and appreciated.

The 21st century dating scene is not as flowery and romantic as the previous paragraph presumes it to be. (This commentary is not gender biased, but rather derived from several interviews with women in the local vicinity. Their self-reports corroborate a general lack of dignity in dating these days. It is agreed that one must be thick-skinned in order to tolerate the process and be able to roll with the punches that are inherent with “dating”).

Several local women revealed the following to me:

SUSAN: “Please do not insult us in meeting for a Sunday afternoon bite to eat on a first “date” and fool yourself into believing that you have the right to be in our “personal space”….you know…the hand holding, playing with hair, touching waist, kissing. Did you mention this would be part of our date? Did I suggest it? No! Such nerve.”

Where is the precedence for this seeming familiarity and sense of entitlement? How presumptuous can men be? It seems quite so. These physical actions send a clear message to most women , that you don’t want to really know who they are….but are simply looking for a quick hook-up to ease your loneliness or satiate your pleasure quota for the moment.

TIFFANY: “Someone please explain to those of us women with half a brain…(c’mon this is not brain surgery) why guys think they can smooze you, kiss on you, invade your boundaries of respect…finish off their pork dumplings ..and send you off with a kiss or two and a swift adios. Once we make it clear that we are not interested in going home with you an hour and a half into the date, they cool off and dismiss you and within 24 hours are on the their next seduction.”

CHER: “Please…keep your hands to yourself and GROW UP!!!!!! ” Any self respecting man that is sincere and wants to make a good impression on a woman, would or should have the social graces by this stage of the game…(c’mon!!) to know how to dance the ‘divine dance’…

This is 2008….we have a woman running for President….do you guys get it…..show us the respect that we deserve…and either ‘man up’ or don’t waste our time.

On a lighter note….a good male friend of mine requested that we as women, not let the “bad seed” representatives of our male population ruin it for the good guys out there. And…yes indeed there are still good guys around! One of my favorite quotes- “if you don’t stand for something-you’ll fall for anything” So this is not man-bashing for certain. There are zillions of good men out there, ideal for a relationship. And if you were not born to be one, it can be learned. Try the simple steps. The same goes for women.

Onward upward fellow singles. Just dont let those in “Clueless Park” slow you down.

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Filed under: Current Events

Management by the “seat of the pants” that used to suffice in the pa and ma world of business will no long suffice in today’s high-tech business climate. Modern executives need a great deal of training in the use of modern management techniques in order to efficiently utilize their workforces. Management coaching programs are one option to provide them with the necessary skills. Another choice is one-on-one business coaching using a professional coach. Other managers still prefer to use books and online resources for self-training.

Nearly everyone is familiar with the “Dummies” instruction book series, covering topics as diverse as golf and trigonometry. Now, “Managing for Dummies” has been added to this always useful product line. Regardless of whether you are a rookie manager who is just getting your feet wet, or a seasoned veteran looking to sharpen your trouble shooting and management skills, “Managing for Dummies” has useful and well-organized information to help you excel.

As in all the volumes in the “Dummies” library, “Managing for Dummies” starts with the basics and teaches without using condescending language. You will find that the book incorporates humor to eliminate any feelings of inadequacy you might feel in this new field. The book gives you very structured, easy-to-follow instruction for learning necessary management skills and using them successfully.

One key point of this book is that managers need to learn to delegate. A manager should be managing a hand-picked staff instead of trying to do everything himself. To make sure the staff works well, managers need to learn how and who to hire.

Some other topics include ways to resolve conflicts, how to coach employees, improving communication, and other motivational and inspirational methods. The main emphasis is on developing effective teams and how to get people to work together because groups are one of the best ways to analyze issues and implement any changes.

“Managing for Dummies” puts particular emphasis on communication skills. The reason this is important is that a manager may be intelligent and innovative, but without good communication skills, it is difficult for them to motivate staff and get them to do an exceptional job.

Managers must have the flexibility to adapt rapidly to changes in critical deadlines. They must also have the managerial skills to help the members of their workforce go with the flow, no matter how rapidly it changes. The book includes discussions about developing standards for corporate ethics and ways to effectively deal with office politics.

Another skill that is addressed by this book that is critically important in managing, but often difficult to achieve or uncomfortable, is the proper evaluation of both individual employees and the company as a whole. The book gives proper perspective on constructive performance criticism, proper rewarding of performance, as well as weeding out those who no longer meet the needs and expectations of the company. As with all of the ’Dummies’ line of books, this one gives fresh perspective on the basics of this topic.

Modern executives have recognized that management by the “seat of the pants” method is rarely enough in the current business world. People who manage others need every bit of training and savvy they can get, and now use many methods and techniques to get it. Many will take management coaching courses and some receive one on one business coaching from a professional coach as well, but some prefer to use or add self study. Nearly everyone is familiar with the “Dummies” instruction book series, covering topics as diverse as golf and trigonometry. Now, “Managing for Dummies” has been added to this always useful product line.

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Filed under: Management

The number one thing most Internet marketers need is traffic. Without traffic how would you make any sales? It doesn’t matter how great your website is. You could have the best headline and ad copy in the world, but without a sufficient amount of traffic you will not do very well. This article is going to reveal simple strategies that can be put into effect immediately. These are proven methods for getting targeted traffic flowing to your site.

Write articles. This is an often overlooked technique that does more than just bring traffic to you. It places you in the position to show your expertise and build trust in your prospects’ minds. The value and the implications of this particular concept is often underestimated. People have to trust you or value your opinion if they are going to order from you. People will pass you by if they don’t first feel comfortable with you. Submitting articles is a great way to “break the ice”.

Here is what to do. Write a series of articles relating to your market niche. Distribute two articles per week to major ezines such as ezinearticles.com or goarticles.com. At the bottom of the article you are allowed to have a signature (or bio). You can include a small amount of information about your website and a link to your homepage. If people like the information you give them, they will click the link and visit your site. This is why it’s important to provide useful, high quality information. People will only want to visit your website if you give them something of value first.

Exchange links with popular sites. This method is effective in several ways. First, you will get traffic and increase search engine ranking through the links that are posted on other sites. Also, as additional websites link to your site, your search engine rankings begin to rise. This can be a significant source of traffic. Showing up on the first few page in major search engines for your keywords can bring you hundreds or thousands of visitors per month.

Here is how to get links to your site. Find sites that are similar in theme to your website. Inquire about the possibility of doing a link exchange with you. In your communications with them, paste a link to their page that you are displaying on your website. Now the ball is in their court. They will do one of two things, either accept your offer or not. If they refuse to do an exchange with you remove their link from your site.

Use Pay Per Click advertising. Pay Per Click costs money but it can be a dynamic way to coral highly targeted traffic to your site. If you are careful to choose the right keywords and make intelligent bidding choices it can prove to be a very cost effective and useful tool. Google Adwords and Overture are the two most popular Pay Per Click companies. However, Yahoo and MSN offer pay per click advertising as well, and often for less cost per click. To get the most out of Pay Per Click you need to be armed with at least a fundamental amount of knowledge. I suggest buying a book or ebook on the subject before starting a campaign.

Submit videos to video sites. Videos are one of the best ways to get yourself “found” on the internet. Major league videos can also be made with the most basic equipment. For instance, you can use a small digital camera with a movie mode or an inexpensive webcam. Processing your movie can be done using a free video editing program that is part of your Windows operating system.

Here is what to do. Make a video about your product, business or opportunity. Upload your video to Youtube and give it a catchy title and description based on the content. Writing a good title and description is what drives or attracts an audience to your video. For instance, make sure to do some keyword research and use those keywords or “tags” that are geared for the audience that you want to reach. I could go on about keywords and titles but that is a subject for another article. But for now, you can simply learn from what others are doing. Do a search on Youtube for videos that deal with the same subject matter. Look at the descriptions and tags that are on the most highly viewed videos and “learn” from them!

While any one of the traffic generation strategies above can make a major difference, I suggest using all of them combined. This will give you the most traffic possible in the shortest amount of time. The more effort you put into the tactics provided in this article the more they will work for you.

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Filed under: Traffic Generation

The reason Self Directed IRAs are so popular is that there are many different types of real estate investments you can make with them. One of the most popular ways many choose to maximize their profits with a Self Directed IRA is to flip properties. Following are three things to keep in mind to help you maximize your investment dollar when flipping properties.

3 Keys to Maximizing Your Self Directed IRA Investment When Flipping Properties

Handyman specials, also known as fixer uppers, make great long-term investments if the proper research is done beforehand. As real estate is perhaps one of the most predictable investments you an make when compared to investing in stocks, for example, doing your homework practically guarantees success if you keep the following in mind.

Location, location, location: Maximizing your Self Directed IRA investment begins with choosing the right location. In real estate, location is everything. As Realtors are fond of saying, you can fix the house, but you can’t fix the neighborhood. So, start your search by choosing a location with good schools, appreciating property values, a stable city government, etc.

Invest with the needs of the buyer in mind. This means good schools, properties that are appreciating in value, an active local government, etc…

Renovations: Choose properties that need as little work as possible done on them. This can be tricky however, because some properties show terribly. But, you have to be able to look beyond the nasty toilets and overgrown yards to what a property could be. Many investors lose out on excellent deals because they can’t see past the initial abysmal look of an investment property. Cultivate this skill, and you’ll pick up deals many overlook.

Get to Know a Rehab Specialist: A rehab specialist will be able to tell you whether or not the property you’re thinking of buying is a good deal or not. For, they don’t consider how “pretty” a property is, but assess its bones. They look at those things that can cost you dearly, eg, the electrical wiring, the plumbing, the insulation, etc. Cosmetic fixes are easy and relatively cheap to fix. Maximizing your Self Directed IRA investment depends on the knowledge of someone who knows the difference.

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Filed under: Business