Posts

Halloween: A Great Time to Tap into Your Creative Side

family taps into their creative side for halloween

Halloween is such a great time to tap into your creative side. On BIGG Success, we often spend time looking at our personal lives and ways those activities can benefit us professionally as well. We’ve talked before about why it’s important to tap into your child-like nature and use your imagination.

___

___

Halloween offers the perfect opportunity to be a BIGG kid again. When you get invited to a costume party, don’t be a stick-in-the-mud. (Although, come to think of it, that would be a great costume!) Play along. Have some fun.

Read more

Merge Your Networking Worlds

balancingWe were recently invited by Jon Gatrell to be guest posters on his Spatially Relevant blog. We wrote about networking – both online and offline.

What sparked our post is a friend of ours who says she thinks social media is a waste of time. We can see her point – she has a stable job in a city she’ll probably never leave. She’s active in her community so she does do plenty of networking. She also cares for a young family at home.

.

.

She’s not alone in her opinion. There’s no doubt that online networking benefits some more than others. But we think everybody should at least dip their toes into the water.

Online networking makes it easy to find people that you may not have talked with in some time. Like that colleague at your first job who’s now the President of a company.
You can catch up, keep up, and meet up.

We have another friend who said that if he hadn’t talked to someone in twenty years or so, he didn’t need to talk to them now! 

.

marylynn I disagree. A prime example – I’m catching up with some of my old high school classmates. It’s interesting to see what businesses they’re in now. Some of them are in similar businesses to what we’re doing here at Bigg Success. So we can talk and help each other with some of the ins and outs of the business.

.

.

georgeIt’s easier for me to keep up with people using social media. I know me – I’m not going to write a letter. I’ve probably lost their phone number years ago. Their e-mail address may have changed and I forgot to note it. Social media is just a great way to stay in touch.

.

It’s also important to build relationships offline as well. We’ve learned this – Bigg Success is, of course, an online business – but we found that it’s vital to meet people offline as well.

In fact, we met Jon, and his wife Emily, at a conference. We liked them instantly! Since we met them offline, we got to know their full personalities in a way that wouldn’t have been possible online. However, we’ve been able to keep in touch with them because of the online world.

The power comes from merging the two

When we hear about a merger in the corporate world, the word “synergy” usually comes up – the whole is greater than the parts. We think the same thing happens when you merge your networking worlds.

To take this one step further, think about marketing principles. You don’t just use one form of marketing in a campaign; you use a combination to create better results.

And networking is marketing – at least that’s part of the reason we all network. By putting the two together, the results will be better than if you just use one forum. You have two hands … why wouldn’t you use them both?

The bottom line – online or off – it’s all about people and building relationships. 

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.  

Related posts 

Relationship Building Blocks

5 Laws of Stratospheric Success

3 Keys to Effective Networking

(Image by bjearwicke)

Finding Your Passion One Week at a Time

at_the_topToday, we welcomed Sean Aiken to The Bigg Success Show. Sean graduated from college a little over a year ago but didn’t know what he wanted to do. So he decided to work a different job one week, every week,  for one year. In the process, he raised over $20,000 for charity. His journey has been covered by the Canadian Broadcasting Corp, The New York Times, Good Morning America, Radio France, The Australian Radio Network, and too many more to mention.

.

Read more

Before Going into Business with Friends, Consider These 8 Scenerios

One thing people often don't think about when going into business with a friend is the relationship itself. You’re going into business as friends. You want to remain friends.

Business is full of surprises. Discuss the possible surprises upfront, before you mix friendship and business, so you can keep your relationship strong while you’re in business.

You may think your friendship is really strong … and you’re probably right. But when you go into business together, your friendship will be tested more than it ever has been before. It’s wise to prepare for it beforehand, so you already have a lot of the answers when you’re in the middle of a tough situation.

Look at it this way – a business partnership is like a marriage. You need a pre-nuptial agreement! So find a good attorney to draw up an agreement for you.

8 “What if …” scenarios to discuss with your attorney

#1 – What if the business fails?
According to statistics, if the business fails, it’s most likely that no one will be owed any money. But what if that’s not the case – what if the business does owe money? How will you resolve that?

#2 – What if it succeeds wildly?
That may not sound like a problem, but you’d be surprised. Sometimes when a business succeeds at this level, greed enters in. Then comes the power struggles. Discuss the dream scenario upfront to avoid a nightmare.

#3 – What if one of you is incapacitated?
What if one partner is no longer able to do his or her part? How will the others handle this? Will this person get bought out? Is there formula for the price? There’s a lot to think about if this unfortunate situation happens.

#4 – What if one of you dies?
Obviously this is even more extreme than the last scenario. There’s the human side – your friend has passed and you’re grieving. But you also have business to attend to; work still needs to get done.

Many of the same questions from Scenario #3 apply here. But there’s more. For example, does the deceased partner’s family now have an ownership stake? Or do you buy them out?

#5 – What happens when one of you gets married?
Or you may already be married. What say does the spouse have in the business? Can the partner’s interest be jointly owned with a spouse or do you want to restrict ownership to your original group?

#6 – What if one of you gets divorced?
The business interest may be a significant asset. You probably don’t want a former spouse having a say in your business – even as a minority stakeholder. It can really muddy the waters, as the saying goes. What restrictions will you place on ownership?

#7 – What if one of you wants out?
How will you determine a price? What kind of notice will you require? What is the process?

#8 – What if one of isn’t pulling his or her weight?
How will you determine that this is case? What can, and will, you do about it?

These aren’t pleasant things to think about, let alone talk about. However, you’re more likely to find good solutions now when you’re thinking logically than to try to work them out in the heat of the moment.

We can’t stress this enough – get a good business attorney.
Then sit down with your partners and your attorney and work through these issues. Your attorney will probably have even more situations to discuss. Work through these issues before you start – for the sake of your friendship … and your business.

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success

Related posts

5 Questions to Ask Before You Work with Your Spouse

Success is Teamwork!

(Image by ushakov)

The Entrepreneurial Roller Coaster Ride

When you own your own business, you have your highs and you have your lows. And it seems like you rarely have any in-betweens.

George said  …
I never talked about this for years. I thought it was just me. Then I got up the nerve and mentioned it to my sister, who also owns businesses.

She said she knew exactly what I was talking about! So that encouraged me to ask other business owners about it. So far, every single person I’ve ever talked to about this knows exactly what it means. You can see it on their face as soon as you bring it up.

But it’s something I think a lot of entrepreneurs don’t talk about.

Mary-Lynn added  …
With Bigg Success, I’m experiencing business ownership for the first time. And I feel like I’m on a roller coaster. There are days where I feel exhilaration from the ride and there are days when I feel sheer terror and want to get off the ride.

Entrepreneurial terror

If you’ve never experienced it, count yourself lucky, but most people in business have.

You can feel terrified at times even with a job. You may fear you’re going to lose yours when you see other people’s jobs getting cut. But it’s still different for business owners.

George …
I remember one of the guest speakers for my class who talked about the number of mouths he had to feed now. A lot of the most successful business owners I know take personal responsibility for their people. They don’t look at just putting bread on their table; they worry about their employees as well.

That can keep you up at night!

Inc. published an article (way back in February 1987) called Entrepreneurial Terror. A portion of it has been republished on Wachovia’s Small Business site.

It was written by Wilson Harrell, a serial entrepreneur and author of For Entrepreneurs Only. He said:

“… the ability to handle terror, and to live with it, is the single most important
– and, yes, necessary – ingredient of entrepreneurial success.”

This company doesn’t love misery

He says that you shouldn’t share your lows with your friends and loved ones, because you’ll just pass the worry on to them. Unless they’re your partner in business.

He adds that you should always share your highs, though.

How highs turn to lows

The way you spend your time and money when you’re on a high often has a lot to do with how low you go. Let’s look at two examples:

  • Too busy for marketing
    When you’re so busy, you may even be running at capacity, and you know your business couldn’t crank out any more volume no matter how much you wanted to. So you slow down – or even stop – your marketing efforts.

    George …
    I’ve done this! It’s easy to do – there’s no time! But that insures the next down cycle because you’re not doing those things that you did to get to the up cycle.

  • Being careless with money
    A lot of times cash flow is at its peak during an up cycle. That’s part of the reason you’re on an emotional high. So you make that major expenditure. Or you add to your overhead. The next thing you know you’re on a low because business and cash flow have slowed down and you have little or no cash reserves.

You may not be able to avoid the highs and lows. What you can do is conduct business so that your lows are higher … and your highs are higher!

It may not feel any different, but you know it is. You’re reaching ever higher levels of success! Now that’s bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed. 

Related posts

Don’t Make This Costly Mistake

Are You Fishing for Customers in the Wrong Hole?

If You Want to Increase Your Profit, Don’t Put Your Customers First

There’s Gold In Them There … Customers!

5 Places to Find Cash for Your Business Today 

(Image by LilGoldWmn)

Pages

Nothing Found

Sorry, no posts matched your criteria