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3 Reasons Why You Need A Business Buddy

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Business Teamwork

Many entrepreneurs believe that going solo is the best approach towards being successful. When working alone, an entrepreneur has more power over their business and gets to implement all of the ideas that he/she wants to implement. Although there are several advantages associated with going solo, every entrepreneur needs to have a business buddy. Whether your business buddy is a friend, a colleague in another niche, or someone who owns half of the company, having a business buddy is very important towards the growth of your business. These are the 3 reasons why you need a business buddy:

  1. You will encourage each other to work harder. If you and your business buddy work side by side, you will encourage each other to work harder. You would not want to take your break if your business buddy was still working, and your business buddy would not take a break if you were still working. As a result, both of you will be more productive.
  2. Ideas get enhanced. Maybe you are trying to think of how you can implement your idea or some ways to make your idea better. Your business buddy may know a method to make your idea better. You can do one to one brainstorming with your business buddy, and one to one brainstorming is the best version of brainstorming available.
  3. You get more referred customers. If your business buddy knows a lot about architecture and you are a blogging expert, you can exchange connections. If someone who comments on your blog is looking for an architect, you can tell them about your business buddy. If one of your business buddy’s clients needs help with blogging, then your business buddy will refer that client to you.

Although going solo is the easier approach, it is better over the long-term to have a business buddy who you can exchange ideas with and help each other out. Having a business buddy will allow you to get more connections and be more productive at the work place. If you know multiple people who qualify, you can have multiple business buddies and meet with one of those people every time you work. Who is your business buddy? If you do not have a business buddy yet, do you plan on getting one? Please share your thoughts below.

5 Reasons To Break Up With Bad Clients

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Difficult Client

Many people make the mistake of focusing on gaining clients instead of focusing on the most important clients. These people believe that they can change every client so that every client becomes a quality client. The problem is that the process takes too much time, and in the end, the client never changes. Ever. Instead of trying to make all of your clients happy, only focus on the clients who are the most important ones you have. Here is why you need to do that.

  1. Breaking up with bad clients will save you oodles of time. Imagine the amount of time it takes to write reports and talk to the client. That can take up several hours every week. Imagine how much time you would save if you could break up with 5 bad clients.
  2. You can focus more of your time on the good ones. Now that you have more time, your conversations with the good clients can get longer, and you can provide more insight in your reports. Focusing on your good clients allows you to treat them like VIPs. Giving them the VIP treatment will encourage them to do more business with you in the future.
  3. Bad clients will not refer you, but the good ones will refer you. In addition to saving more time, you are able to spend more time with the clients who are more likely to refer you to their friends. The good clients are the ones who tell others about what you do. Those are the kinds of clients who you want to talk to, not the ones who do not like what you offer and wouldn’t even think about referring you to their friends.
  4. You get to keep a positive attitude. You probably have a few clients who simply ramble on about their problems and bring you down. Breaking up with those clients will allow you to keep a positive attitude and be a happier person. Not only will this have a positive effect on your business, but it will also have a positive attitude on your life.
  5. It will be easier to get more quality clients. Quality clients are hard to come by. However, if you focus on your quality clients, those clients will refer you to some of their friends. Those friends will most likely be quality clients as well. In addition, you will discover the characteristics that your quality clients have. Then, you can find consumers with those characteristics and tell them about your business.

Those are the five reasons why you need to break up with bad clients as soon as possible. By eliminating the bad clients, you will be able to focus more of your time on your quality clients–the ones who pay on time, make you happy, and enjoy your service. What are your thoughts about breaking up with bad clients?

 

The Magnificent Power Of Asking

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Just Ask

One of the most underrated but powerful ways to grow your business and get more sales is asking. There is no harm with asking. If you ask a blogger to promote your book, the worst thing that can happen is that the blogger says no. If the blogger says yes, then one more person is promoting your book. Your book gets a backlink and extra sales.

Asking can lead to better business opportunities. Every time someone sends a pitch to reporter’s query on HARO, they are asking if they fit the story. The worst thing that happens is that the reporter rejects the story. The best thing that can happen is that the reporter takes your story, asks you for more information, and then publishes your story. That’s how I got featured on the US News.

One of the people who I interviewed for Lead The Stampede was Dan Nainan, the world-renowned comedian. I knew I would include Dan in Lead The Stampede whether he followed me on Twitter or not, but I decided to ask him if he could follow me on Twitter. I worded my request in the right way (I was not begging), and he ended up following me. Dan has over 400,000 people and he only follows 40 people. I am one of those 40 people only because I decided to ask Dan if he would like to follow me on Twitter.

What are some of the things you can ask? Ask the questions that you are afraid to ask. By asking these kinds of questions, you are showing an interest in what you do and getting the desired result. If you can ask a question in a way that does not look like begging, you can get the result you want many times.

 

Well-Rounded Gave Its Crown To Specialization A Long Time Ago

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There are two entrepreneurs. One entrepreneur is well-rounded. The other entrepreneur specializes in one thing. Which of these two entrepreneurs is more likely to become successful?

The second entrepreneur is more likely to become successful. There are more specialized people that are easier to connect with than ever before. One person offers general advice about social media. There is also someone who specializes in Twitter marketing while there is another person who specializes in getting more engagement from Facebook fans.

The more you specialize, the smaller you make your target audience. Making a target audience may sound like something bad, but the smaller the better. A small target audience does not encounter as many distractions that take them away from your business as a large audience. A small audience of people primarily interested in Twitter will pay more attention to you than an audience interested in social media. An audience interested in social media may decide to look at the person offering consultations about Facebook. On the other hand, the people interested in Twitter will only focus on consultations about Twitter. If you offer consultations about Twitter, your targeted followers will have a stronger reason to use your services if they are only interested in Twitter than if they are interested in social media.

Well-rounded is no longer an option. There are countless people offering specialized services. Well-rounded is ordinary. Specialization is extraordinary.

What To Do When The Grass Is Greener On The Other Side

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The phrase of grass being greener on the other side is a popular one. In several cases, the grass is not as green on the other side as it appears to be. However, there are some cases when the grass is much greener on the other side. Whether income on the other side is better or there is more happiness on the other side, there will be moments when the grass is greener on the other side.

The most common choice is to simply stare at the greener grass with the “I wish that was me” attitude. Looking at the greener grass on the other side does not make your situation any better. Your grass will not get any greener than it is now. In fact, the grass on your side may get worse.

The less common choice is to do what you can to make your grass greener than the other side. You do not necessarily have to convert to the other side to have greener grass. Many times, by going to the other side, you will be able to understand what you lost by going to that side. As a result, the grass on the side you left suddenly looks greener. The best thing you can do is work on making your grass greener. There is no reason to accept the rules that everyone else follows.

Don’t go for the greener grass. Make the grass you already have greener.