The Magic: Child’s Play Turns Into a Bright Business Person

How do you know if a child will someday turn into a successful business person?

Every child can be smart. By respecting and supporting his/her ideas and interests, it will help that child’s natural abilities to surface. Gifted children show from a young age, for example when they sell lemonade on the corner for 25 cents and earn 5 or 10 dollars by the end of the day, that is the entrepreneur spirit.

I feel that in some manner, a true entrepreneur is created as a child in many ways. Maybe a Mother says “Wow, he is quite the talker and I bet he will become a great salesman someday” or “she is so smart, I bet she will run her own business someday and will be a good leader”.

These are the times that a seed gets planted and children never forgets these times. When the time is right and all what they learned come together is a great moment. They might strive for what was in their heart, planted by a mentor, Mom or Dad’s encouragements or comments so many years ago.

I feel like it is a moment that a child makes a Mother and Father proud, and the achievements that their parents don’t remember why but all of a sudden, this business person is a salesman of the month or became a CEO of their own business. It is a very proud moment for both parents and the family.

Achievements are so important in an adult or child’s life and when their successes are best recognized by their loved ones as a very proud moment. The making of a CEO or a top sales person can be found at many moments in life. When did the light-bulb become brighter for a career? Was it sparked when they were 15 years old, when they got to feel what glory and winning was like when they won at a football game or played in their first recital. Maybe when they brought home their first A in math and always try to learn better math.

I do not know if any of us will ever truly know these answers. All we can always do is encourage our loved ones no matter what age they are, encourage with warm and positive feelings to emanate through kind words and actions, keep the positive loving attitude in the home or work place to inspire the greatness.

Mary Hongphuc Le, Schuler is a NC licensed Realtor/Broker and a Senior Executive Casino Host – Multi Lingual at Harrah’s Cherokee Valley River Casino & Hotel in Murphy NC. Mary is also currently enrolled in the Masters of Entrepreneurship Degree Program at Western Carolina University in NC. Webmasters and other article publishers are hereby granted article reproduction permission as long as this article is in its entirety, author’s information, and any links remain intact. Copyright 2017 by Mary Hongphuc Le, Schuler.

How to Have a Successful Business: Make a Difference

Profit, profit, profit. The focus of every business, right?

Well…
True, profit is important. Essential, in fact, for a sustainable business.

But it doesn’t have to be your primary focus.

When you make making a difference the focus of your business, you profit.

Businesses that consciously focus on making a positive difference, on having positive impact, make 12-14 times more income than those who just focus on financial profit. Does making more than 10 times more income sound appealing to you?

Making a difference isn’t just for non-profits. It’s not even just for social enterprises any more.

You could even say that the purpose of business is to make a difference! Why did you start your business? You wanted to offer something that would be valuable to other people, right?

So really, what I’m encouraging you to do here is to bump that up a notch (or two… or more).

Leila Janah of Samasource did just that. Samasource provides data solutions for projects that require human judgment. The way they are doing this is unique: they hire people with little or no experience. Their teams work on projects that can be broken down into smaller, manageable, and trainable tasks. They’ve established micro-work centers in developing areas like South Asia, Haiti, and Africa. Employees earn a living wage. The quality of their lives can fundamentally change.

I would bet that Leila started with just an idea. Your impact does too.

The world is changing. We can no longer rely on government or religion for social change. We must become the change ourselves. Each one of us. One way to do that is in and with your business.

That gives you, and every other entrepreneur, a great responsibility. To paraphrase Mary Oliver: What will you do with your one wild and precious (business) life?

What problem do you see? How can you contribute to a solution?

Stacey Boyd of Schoola noticed that art, physical education, and language programs weren’t getting funding in schools. So she created a platform to organize clothing drives for students who outgrow their clothes. When the unused clothing that is sent in is purchased through Schoola, 40% of every purchase goes to fund a program.

You can have impact. In fact, you already do, whether you realize it or not. You affect everything within your business. And you affect your world around it.

Keep the financial health of your business in mind. It’s only through developing a viable business model that you can continue to make a difference.

Your impact doesn’t have to come out of your own pocket. A Neilson survey found that 55% of online consumers in 60 countries are willing to pay more for products and services provided by companies committed to positive social and environmental impact. You can get help in making a difference from your own customers, and they want to help!

How can you have impact? How can you make a difference? Here are 3 ways:

1. Making a difference starts with your vision. Include making a difference in your vision and planning. Consider your impact purpose: what impact do you want to have? What does that mean for every aspect of your business?

What contribution could you make to a really big problem, like poverty or hunger? How can you engage your customers to give back too? Brands like shoe seller TOMS have a buy one, give one model. Good Food for Good has a buy one, feed one model with their cooking sauces and ketchups.

When you’re building this vision, just make sure it makes financial sense for your business.

2. Make good use of your money. What will you do with the money you make? You could donate to a cause you value or sponsor an event – easy-peasy. You could support your employees in donating their time, by giving them time off to do so, and money through donation matching. Doing this work together can be a great team building opportunity too.

And that’s just the beginning. Invest in ethical and environmentally sustainable business practices. Can your product or service change the way your customers see the world or interact with it? Pay at least a living wage to raise the living standard of people closest to your business.

3. Collaborate. You don’t have to do it alone. Collaborate with other businesses with similar impact aims and see what you can accomplish together. Business can be a powerful force for good.

When you make your impact positive, you profit. With money. With influence. With your role in larger change.

Choosing The Best Business Bank Your Business Can Rely On

Most businesses today are offered by banks with different services and features to help their business expand and grow. Organizations are enticed to open an account with these banks. From business loans and credit facilities to other financing services, banks are continuously introducing new solutions that can help organizations increase or sustain their funds which they can use for various purposes. Because of this, it has become more difficult to choose the best business bank that can live up to its claims and promises. Certain qualities and features, however, can help you identify a good, reliable, and trustworthy business bank. This will be your guide to ensure you have chosen the right one.

First, choose a bank with sufficient security for your funds. A good business bank will have adequate coverage. It will be properly insured to help protect the interest of all their depositors and clients. This will also lead to ease of deposit. The best business banks will enable you to deposit cash or checks, even if they don’t have a branch near you. They will allow you to do this through their mobile app or website. Another option would be through home or office deposit services which can make check deposits quick and simple.

Another thing to consider is the reasonable minimum balance requirements. Most business bank accounts require depositors to maintain a minimum balance. Failure to do so will result in additional charges you will have to pay. The best bank will only call for a minimum balance requirement that people can comfortably afford. Additionally, this will lead to low fees or charges. The most sought-after banks won’t charge you any fees for basic account transactions.

Check if the bank you choose has good interest rates. The best bank will offer attractive rates for the amount of money you will deposit with them. They will also charge reasonable rates for the money you borrow via credit card or loan. Ideally, the bank should pay higher-than-average interest on your deposits and charge lower-than-average interest on your debts.

A bank with modern and convenient online banking features is also a good choice. There is no doubt that the different online services of banks today provide a lot of ease and convenience to account holders. The best business bank will allow you to pay your bills and transfer money online for free. It will also be equipped to process these transactions quickly and easily.

How To Make The Most Of Used Shipping Containers for Sale

Today, the use of shipping containers is evolving and becoming very popular. The growing popularity of tiny homes has directed the spotlight on the versatility of shipping containers. Tiny home builders have found ways to make these items take on a new function as affordable yet stylish homes for those who want a scaled-down life.

If you would go on social media sites, you’ll be treated to countless posts about how many people are transforming the old ones into homes bursting with unique charm. It’s so nice to see the different approaches many have taken to altering these in order to create their dream home. Some didn’t really do much to the shipping containers; they just made sure there are doors and windows for proper ventilation, plus insulation.

Meanwhile, there are also those who completely decked out these big steel boxes using cutting edge design and technology in order to create a multifunctional and stylish structure anybody would be very happy living in. These are not only popularly used as tiny homes, though; many who wish to expand their homes purchase them as well. It’s easy to incorporate these sturdy steel boxes into a home’s design and it doesn’t take much work to attach them to any building.

Most people like to just set it beside an established structure, while there are also those who have it placed on top as the new second storey of the building. For those who wish to add a home extension without spending so much money and time on construction, old shipping containers prove to be a wonderful solution. But apart from houses and home extensions, shipping container swimming pools are also gaining a lot of attention these days.

Many have come up with really cool ways to turn shipping containers into residential swimming pools. The containers are the perfect shape and they even come in different lengths or sizes. Builders say it doesn’t take much work to transform these rectangular structures into working pools, especially if they’ll be installed above the ground. At the same time, though, it’s also easy to customise the containers to accommodate the specific style and functionality people want.

Indeed, there are still so many other ways to create a fresh, new purpose for shipping containers; you truly are only limited by your imagination. So, if you want to easily create something beautiful and functional and that will last a long time, used shipping containers for sale are definitely worth considering.

What You Need To Know About Quarterly Business Reviews

When I recommended it, Randi replied, “I just do not have time for a quarterly review!”

I know how she feels. And I bet you do too.

Randi’s not the only one who gets caught up in the day-to-day operation of her business. You’ve got decisions to make, things to get done, and people who want something from you. It’s tempting to stay in reaction mode.

It’s also tempting to remain vague when you’ve had disappointments.

Randi’s reluctance came partly because part of her didn’t want to know where she stood. It’s OK to feel that way. It’s human.

The thing is, it was only when she mustered the courage to really look at how she stood that she realized that she was much closer to her goals than she previously feared.

Step back for a moment and imagine what it would feel like to know exactly where you stand in your business, and where you’re going next.

Feels grounding, doesn’t it? You have more clarity. You can make better decisions.

That’s the big why of a quarterly review.

Think of it as moving from flashlight to floodlight: from focusing on something that’s right in front of you, the narrow picture, to the broader view of your whole business.

Shining a floodlight on your business every quarter will keep you on track. You’ll recognize how far you’ve come, and what you still need to do.

It’s a focusing tool for the coming months, so all your energy and effort are put exactly where they need to be.

It’s important to leave judgment at the door when you do this. Be compassionate with yourself, and celebrate all the successes you had – no matter what happened, they were many!

So how do you do one of these things? Doing a quarterly review isn’t that hard. You’ll have to do some work, but that will pay off big time in your next quarter.

Here’s how I coached Randi through the process step-by-step. Let me coach you: here’s a brief guide to doing a quarterly review:

Step #1: Where you were. Start by reviewing where you were at the start of the quarter. It’ll give you perspective. Also go back and review your goals for this quarter. Once you have a clear sense of how you started, move into the next step.

Step #2: Where you are. Spend the most time on this step. Get really clear on where you are in the achievement of your goals. Collect numbers. Do research as needed. Focus particularly on the following areas:

Your finances: How close did you come to achieving your financial goals? Do the math – numbers will give you clarity! How far are you from that goal, or how much did you exceed your goals? This reality check, even if it’s not always good news, is ultimately liberating – you’ll know exactly where you stand.

Your offerings: Were your offerings successful? Did you receive feedback from your prospects and clients that let you know they were valuable? If you introduced a new offering, or offered it again, were the launches successful? Did you sell as many of your products or services as you had planned?

Your sales: Was your sales process effective? Do you need to make changes? Have you documented the changes you’ve already made, so that everyone involved in sales understands the updated process and can repeat what works with each new prospect?

Your marketing: Did you reach your ideal client audience? Did you increase engagement with them? If you used ads, were your ads successful in either selling your products or services, or did they increase engagement? Were the ads cost-effective?

Your email list: Email is the most powerful way to market online, and your list of email addresses is very valuable. Is your email list growing? Did it grow as much as you planned?

Your mindset and energy: Did you manage your energy well? Did you take time away from your business to rejuvenate? Were you able to see things that didn’t work well as learning, and all part of your journey as an entrepreneur?

Step #3: Where you want to go. Take each of the 6 areas above, and any others you want to add, and set goals for the next quarter. This is easier than you might think, because of everything you did in Step #2. Keep your goals for the impact you want to have in mind as you do this. Then decide that you will do what you have to in order to achieve them. It’s an important step!

Make notes on this whole process as you go through it, so that when conduct your next quarterly review, you’ll know where you started the quarter, and what you planned. You can have a binder or notebook set aside just for this purpose.

Check in on your goals for the coming quarter regularly to see how you’re doing. Keep your goals on your desk or on the wall of your office.

End this process with a celebration of all that happened in the past quarter. Celebrate your successes, and as much as you’re able, approach whatever you didn’t experience as a success with gratitude for what you learned in the process.

You can help to keep the floodlight view alive in your business on an ongoing basis by revisiting your high level goals weekly. Doing so reminds you where you’re headed as you enter the week of new choices and decisions.

By moving back and forth between the flashlight and floodlight on an ongoing basis, it’ll not only be easier to do a quarterly review. It will also keep you focused on the impact you want to have with your business.