This document provides advice on gaining confidence and making more money in business. It discusses setting goals to give confidence in selling, capitalizing on existing customers, and becoming a valuable person. Specific tips include knowing expenses before pricing, building confidence by focusing on what you want, negotiating with power, saying no more, taking care of customers, and doing difficult tasks with integrity. The document also covers accounting basics like the profit and loss statement, tax planning for businesses and individuals, and choosing an optimal business structure. The overall message is to plan carefully, work efficiently, and use conservative accounting and tax practices.
Selling A Business - 14 Action Steps To Help You Sell Faster & For More MoneyPat Jennings
Want to sell your business? What a stupid question – of course you do. Every business owner dreams of the day they can cash out. Unfortunately, one survey after another has shown that most small businesses put up for sale never get sold. To give you an idea of the odds, most business brokers operate on the assumption that they will need to list 5-6 businesses for sale in order to earn one commission.
There is an entire industry of attorneys, CPAs, brokers and M&A advisors who help owners sell their businesses. Most make a very nice living despite their industry’s low success rate.
Perhaps you have a great attorney, a brilliant accountant and the best consultants in town helping you. You may even have a broker who is great at his job. But none of these people have as much at stake as you do.
They all have many clients from whom they will collect fees and commissions. Your team of professionals will be just fine whether you sell your business or not. Since you have the most at stake you can’t let yourself become too dependent on these advisors.
With these facts in mind, here are 14 proactive steps you can take to maximize your chances of success.
Entrepreneurs are those whom capable to identify problem and works on a solution for it either on profit or non-profitable basis. Entrepreneurs knew that in order to succeed with their undertaking and continuously be in in the industry they need poses certain essential traits. We researched and summarized five essential traits are often developed or cultivated by entrepreneurs to grow a profitable business.
These are my slides for Superhero Salesmanship, a speech I delivered for Camella Homes Southern Tagalog region.
Many Sales People are often stereotyped as shysters, not unlike the "used car salesman" trope we're all know and loathe. As a result, many who enter sales see their jobs as disposable low-level positions or, worse, as a necessary evil in the organization.
In reality, true Sales Professionals are downright heroic. They often face situations and challenges that normal employees would dread to face. They are always under high pressure to perform and have to do so under intense scrutiny. Many times, they need to find solutions for all sorts of problems (from the client and the organization) that are often greater than they are. And, they have to do all this while maintaining a professional demeanor at all times. Doesn't that sound like a Superhero to you?
In this speech, I remind the sales people of Camella Southern Luzon just how heroic they are; that they were meant to conquer overwhelming odds be be saviors of their company and their clients. Finally, I make them realize that they should be proud of what they do and do it despite the naysayers.
Selling A Business - 14 Action Steps To Help You Sell Faster & For More MoneyPat Jennings
Want to sell your business? What a stupid question – of course you do. Every business owner dreams of the day they can cash out. Unfortunately, one survey after another has shown that most small businesses put up for sale never get sold. To give you an idea of the odds, most business brokers operate on the assumption that they will need to list 5-6 businesses for sale in order to earn one commission.
There is an entire industry of attorneys, CPAs, brokers and M&A advisors who help owners sell their businesses. Most make a very nice living despite their industry’s low success rate.
Perhaps you have a great attorney, a brilliant accountant and the best consultants in town helping you. You may even have a broker who is great at his job. But none of these people have as much at stake as you do.
They all have many clients from whom they will collect fees and commissions. Your team of professionals will be just fine whether you sell your business or not. Since you have the most at stake you can’t let yourself become too dependent on these advisors.
With these facts in mind, here are 14 proactive steps you can take to maximize your chances of success.
Entrepreneurs are those whom capable to identify problem and works on a solution for it either on profit or non-profitable basis. Entrepreneurs knew that in order to succeed with their undertaking and continuously be in in the industry they need poses certain essential traits. We researched and summarized five essential traits are often developed or cultivated by entrepreneurs to grow a profitable business.
These are my slides for Superhero Salesmanship, a speech I delivered for Camella Homes Southern Tagalog region.
Many Sales People are often stereotyped as shysters, not unlike the "used car salesman" trope we're all know and loathe. As a result, many who enter sales see their jobs as disposable low-level positions or, worse, as a necessary evil in the organization.
In reality, true Sales Professionals are downright heroic. They often face situations and challenges that normal employees would dread to face. They are always under high pressure to perform and have to do so under intense scrutiny. Many times, they need to find solutions for all sorts of problems (from the client and the organization) that are often greater than they are. And, they have to do all this while maintaining a professional demeanor at all times. Doesn't that sound like a Superhero to you?
In this speech, I remind the sales people of Camella Southern Luzon just how heroic they are; that they were meant to conquer overwhelming odds be be saviors of their company and their clients. Finally, I make them realize that they should be proud of what they do and do it despite the naysayers.
This book has been written to assist entrepreneurs, especially those who have no sales experience, to gain a better understanding of sales. It is one of the elements of setting up a business that many entrepreneurs dislike. However, with the right positive mental attitude selling is not as daunting as many people believe. This book is the result of 20 years practice, research and discussion on the subject of sales. It is a guide and starting point for readers who wish to begin their journey on the road of sales and negotiating
On the Other Side of Real Impact Lies Serious MoneyMatt Wagner
Insurance agents can do WAY better if they understand the relationship between their impact and their revenue. Learn how to transform your business to make a LOT more money.
Mr Ken Varga recently surveyed thousands of business owners to find out what was in their way of generating more revenue. Then he spent several days categorizing the information to make it useful to them and to business owners like you.
Sales manager should be perceived as someone who could bring value and help solve business issues. If you cannot improve the client’s condition, then you should stop taking the client’s money.
Common mistakes made by sales people and how to avoid them - Juma WilliamJuma William
Selling products is like making a relationship. It needs deep understanding and listening skills. There is a difference between CONTACT and CONTRACT, which is R that stands for Relationship.
CLIENTS NEEDS:
1. Respect,
2. Genuine Product,
3. After sale's service
4. Feedback-ask how the product/service is?
5. Relationship-Continuous vibes.
Common mistakes made by sales people and how to avoid themJuma William
Selling products is like making a relationship. It needs deep understanding and listening skills. There is a difference between CONTACT and CONTRACT, which is R that stands for Relationship.
CLIENTS NEEDS:
1. Respect,
2. Genuine Product,
3. After sale's service
4. Feedback-ask how the product/service is?
5. Relationship-Continuous vibes.
This book has been written to assist entrepreneurs, especially those who have no sales experience, to gain a better understanding of sales. It is one of the elements of setting up a business that many entrepreneurs dislike. However, with the right positive mental attitude selling is not as daunting as many people believe. This book is the result of 20 years practice, research and discussion on the subject of sales. It is a guide and starting point for readers who wish to begin their journey on the road of sales and negotiating
On the Other Side of Real Impact Lies Serious MoneyMatt Wagner
Insurance agents can do WAY better if they understand the relationship between their impact and their revenue. Learn how to transform your business to make a LOT more money.
Mr Ken Varga recently surveyed thousands of business owners to find out what was in their way of generating more revenue. Then he spent several days categorizing the information to make it useful to them and to business owners like you.
Sales manager should be perceived as someone who could bring value and help solve business issues. If you cannot improve the client’s condition, then you should stop taking the client’s money.
Common mistakes made by sales people and how to avoid them - Juma WilliamJuma William
Selling products is like making a relationship. It needs deep understanding and listening skills. There is a difference between CONTACT and CONTRACT, which is R that stands for Relationship.
CLIENTS NEEDS:
1. Respect,
2. Genuine Product,
3. After sale's service
4. Feedback-ask how the product/service is?
5. Relationship-Continuous vibes.
Common mistakes made by sales people and how to avoid themJuma William
Selling products is like making a relationship. It needs deep understanding and listening skills. There is a difference between CONTACT and CONTRACT, which is R that stands for Relationship.
CLIENTS NEEDS:
1. Respect,
2. Genuine Product,
3. After sale's service
4. Feedback-ask how the product/service is?
5. Relationship-Continuous vibes.
Common mistakes made by sales people and how to avoid them juma williamJuma William
Selling products is like making a relationship. It needs deep understanding and listening skills. There is a difference between CONTACT and CONTRACT, which is R that stands for Relationship.
CLIENTS NEEDS:
1. Respect,
2. Genuine Product,
3. After sale's service
4. Feedback-ask how the product/service is?
5. Relationship-Continuous vibes.
Starting a business is easy. Staying in business is hard. This presentation shares insights into why your first five years are considered your hardest. Learn what you need to know about surviving those first 5 years.
Believe it or not, it is easy to create new opportunities for building wealth. In fact, unseen opportunities are passing you by everyday. The only thing you need to do is to look at these overlooked opportunities with fresh eyes and capitalize on them.
Marketing genius Jay Abraham shares with you a program that will help you reach the pinnacle of success. Using the strategies he has utilized as a top advisor to some of America’s top corporations, Jay teaches you how to spot hidden assets and how to use untapped resources to maximize your career and increase your income.
Webinar Walkthrough: https://youtu.be/3jY80o4cOz0
Link to Request Access to 1000 Four Community: http://www.startwithhatch.com/request/
I was sick of working for the man, so I finally quit. But, now that I left my job as a journalist, the one I spent five years at West Virginia University spending $80,000 preparing for I didn’t know what to do. I jumped off the cliff and needed to survive. I was a nobody, literally. I was getting into a world that I had zero relationships with. I wanted needed to create one and fast as my life now depended on it.
Two things happened, I looked through the relationships I already had and saw where they overlapped from my journalism world and now into the business world. Taking an inventory of my life can be done by looking through yearbooks, online accounts, emails, directories and/or anywhere you have a relationship.
There was a colleague of mine from tv news whose family owned a small business in Virginia Beach, VA. I reached out and introduced myself to them. Today, over eight years later that relationship is still very strong.
I read a book by CJ Hayden, Get Clients Now. Hayden details how if you are a nobody in life or in business that it is ok, because everyone has to start somewhere. But what do you do? You invite those who you want a relationship to your office. You create small educational events and invite them. In college, I would throw parties several weekends a year. Nobody wants to go to a party that sucks. If your party sucks, the guests you want won’t show up or bail once they arrive and notice how lackluster it is. To get guests to my events (or parties during college) I picked up the phone and invited them (or texted or emailed). The key is you MUST invite individuals and not just post an event on Facebook (or a flyer on a college board) if you expect people to attend. That individualized attention can and will go the extra mile and will increase your probability to get guests.
Anomaly is defined as something that deviates from what is standard, normal, or expected. So, as a new “businessman” I had to be different. I had to be the anomaly. In the coming pages I will showcase how I turned being an anomaly into a well-respected successful businessman, who could land any meeting by following the script we will blueprint out.
In this webinar, I will outline the exact steps you need to follow to become a standout business leader. Whether you own a business or work for one, this blueprint will make your business an Anomaly.
LEAP was designed by entrepreneurs and reflects the real life obstacles faced when trying to start a business. The event covers everything from nailing down your idea, to selling it and making money, and everything in between. It was built to be useful for anybody at any stage of the business lifecycle. Whether they are just flirting with the idea of a business, or already have some groundwork down and are trying to grow, LEAP will challenge participants to think outside the box and solve real business problems.
All too often, business events end up being 1 person talking in front of a crowd with minimal engagement. LEAP is the exact opposite. Every participant is involved with every obstacle. Every participant learns a new skill and learns how to adapt that skill to their existing business.
Don’t settle for another boring business event. LEAP into action
8 Proven Ways To Recycle Your Content To Boost ExposureHatch
This webinar will give you strategies to leverage press, testimonials, existing work, social reviews, pop-ups on your website, podcasts, blog posts and tv interviews to push your audience through the exact path you want them to head down.
Free Webinar: http://startwithhatch.com/recycle-webinar/
http://startwithhatch.com/ssca
We Won’t Accept Being Stagnant.
We took a huge hit this year. In the Kauffman Foundation Startup Activity ranking we dropped 14 spots because our region got passed by dozens of others. We aren’t packing up our bags and moving to Kansas City (yeah, Kansas City even passed us). We’re not going to sit back and just accept that our region is falling behind. We’ve put in some serious hours researching the problem, the solution, and our collective next steps.
At the State of the Startup Community Address, we’ll break down our wins, our loses, a fresh strategy, and an action plan. It takes all of us here in the community to get back on track. We all play a role in this and we’ll help you find out how you can help. We hope you’ll join us at our third State of the Startup Community Address because we’ve got a lot of work to do.
8 Knock-Em Out Of The Park Strategies To Leverage The Work You've Already Don...Hatch
This is a slide deck that will rock your world.
You've worked hard to get your local newspaper to feature you. Guess what, nobody saw it. Okay, maybe a few people did, but you can't expect that this feature is going to immediately result in sales. Instead think of it as your top of the sales funnel and funnel folks into the path you want them too. And it makes sense too, because likely they press you got was produced for a broad business audience or not a business audience at all.
It's impressive to your target customers that you've been featured. It makes them look at you as an authority. I would be willing to bet its the same scenario as receiving an introduction from someone that you respect. But, just because someone says, 'Hey meet John', it doesn't mean that all the work is done, rather it means it has just begun.
This workshop, 'The 8 Knock-Em Out of the Park strategies to leverage the work, press + testimonials you already have to triple your business exposure,' will give you strategies to leverage press, testimonials, existing work, social reviews, pop-ups on your website, podcasts, blog posts and tv interviews to push your audience through the exact path you want them to head down. Watch the entire workshop here: https://1000four.com/8-knock-em-out/
http://startwithhatch.com for more +
https://1000four.com to become a member
Hundreds of entrepreneurs have hit the ground running this year. Together we’re a part of movement, of people choosing to control their own futures by starting a business. Together we’re a community and we have momentum.
Much like the President’s State of the Union, or a State of the City Address, we organized the State of the Startup Community Address to let you know what we’ve collectively accomplished this year, and what to look forward to next year.
We present the good, the bad, and the ugly, with no fluff.
Slover Library. January 21, 2K16
http://startwithhatch.com/ssca/
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
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We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
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Youtube – https://www.youtube.com/startuplviv
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Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
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How to gain power and confidence to make more money in your business
1. S
How to Gain Power and
Confidence to Make More Money in
Your Business
By Jordan Stockdale
2. 1st Goal in this Teaching
To give you confidence in selling by discussing
what you will run into when promoting and selling
for your business.
3. 2nd Goal in this Teaching
To inspire creative ways to capitalize on jobs and
customers that you’ve already won.
4. 3rd Goal in this Teaching
To make you a person of value
5. A Few Questions We Will Try
and Answer:
S How do I charge the right price?
S How do I deal with the fear and uncertainty that comes with
asking my customers or clients for a certain amount of money?
S Will people think I’m being unfair, unreasonable, unethical, or
just flat out ripping them off?
S Am I ripping myself off?
S What are some expenses that I will deal with that I’m not aware
of that could really effect my pricing?
6. Confidence In Selling and
Promoting: #1
A few ways to think differently before you sell and
promote
1. Criticism, fear, uncertainty, worry, and frustration will always come.
2. Do not fear the latter
3. Knowledge will make you much more confident
4. Don’t give up!
7. Confidence In Selling and
Promoting: #2
Knowing what your expenses are before you begin
1. Separate your expenses into two categories: Personal and business
2. Personal expenses = Food, Clothing, home. (Some personal expenses
are justifiable business deductions
3. Business Expenses = Expenses to keep you operating: Marketing,
inventory, management costs, TAXES,etc…
* Pointers for new entrepreneur….If you don’t know your business expenses,
then spend some time with a business owner in your career field to go over
their expenses. Don’t be afraid to buy them lunch or pay for their time…it’s
worth it!
8. Confidence In Selling and
Promoting: #2 continued……
1. A few things to consider: There are multiple ways for you to maximize your
profits
2. What type of business are you in?
9. Confidence In Selling and
Promoting: #3
Build your confidence by knowing what you want
1. You are in a place to build a lifestyle according to what YOU WANT.
2. When you build a business, it creates more than just potential to make
more money. You also gain options: Time, how big do you want your to
business to be, what are some things you would like to do? How much
debt would you like to pay off.
10. Confidence In Selling and
Promoting: #4
What type of people you will run in to
1. I have found that there are 4 types of people you will encounter: The real good
people, the real good people who will ask a lot of questions, the people who
will ask a lot of questions and will never buy and if they do, they will do
everything in their power to get the lowest price, and lastly the person who will
criticize you, question you, and make you feel like you’re a terrible business
person. Each person requires something.
2. Your business will grow stronger once you determine what category most of
your customers will fall into, and how to do business with the better 2 types of
customers. *Note: Customer service will demand most of your time and will
effect your resources, and you may get frustrated if you get involved with
difficult customers, but if you please the right (and reasonable) people, they
will help grow your business and cut large marketing costs.
11. Confidence In Selling and
Promoting: #5
A few idea’s on how to close your customers at a price that is
a win – win
1. Ask as many questions as you can before you meet, and be ready to answer as
many questions as you can. And, be ready to answer questions that you don’t know.
2. Presentation is everything! Your words add value, and so do your lack of words.
3. It never hurts to ask what a customer or client is willing to spend
4. Make sure everything is in writing before you ever agree to work with someone.
5. A win/lose or a lose/win is not a win win and it’s ok to walk away.
12. Creative Ways to Capitalize on
Jobs and Customers You’ve
Already Won: #1
Planning, spending time wisely, and holding tightly on
to money you’ve got.
1. The longer you take to make things happen, then the more money you will lose
2. Planning will save you time and money. It may feel like planning is taking
forever, but the execution will not take as long. Efficiency is the key to making
lots of money! Inefficiency will cost you tons of money!
3. As a business owner, people will pull from you in every direction and will do
everything to get your money.
13. Creative Ways to Capitalize on
Jobs and Customers You’ve
Already Won: #2
Negotiating when you have power
1. Volume will be one of your best sources of negotiation power. *When you do
not have volume, your best way to capitalize on money is to do most of the
work yourself and save.
2. Using competitors that you purchase from to bid against each other for your
service.
14. To Make You a Person of
Value: #1
A few things I would have done differently
1. I would have said no more frequently
2. I would have taken better care of existing customers
3. Do not be concerned about your employees more than what you can provide
4. I would have marketed more aggressively, and sold more aggressively to things they were immediately in
front of me
5. I would have paid attention to the details more closely
6. Don’t sweep things under the rug especially when they can be done immediately
7. I would have realized that my biggest enemy wasn’t time, but it was more about my own unrealistic
expectations
15. To Make You a Person of
Value: #2
Make difficult choices before they come.
1. It is better to do hard things now, with integrity, then to have them bother
you for a long long time
2. Decide that you will always do the right thing before the wrong thing
happens
3. Do the hard things first that will last a long time: working out, eating
right, kindness, concessions where concessions can be made, and
putting others first.
16. To Make You a Person of
Value: #3
A good name is more desirable than great riches;
to be esteemed is better than silver or gold.
18. P & L
Gross Sales
<Cost of Goods Sold>
Gross Profit/Operating Profit
<Operating Expenses>
Net Income Before Taxes
<Taxes>
19. Tax Planning - Business
S Capital Assets – Section 179 – Can expense up to $500K
of capital assets immediately – HUGE impact if financed
S Simplified Employee Pension – Deductable expense!!!
S Business Structure
20. Business Structure
Sole Proprietorship
• Not indistinguishable
from owner
• Self employment tax
• Schedule C
LLC/LLP
• Distinguishable, but
still not separate legal
entity
• Flexible – Choose
how to be taxed
• Schedule C or 1120S
S-Corp
• Stock company with
less than 100 people
• Benefits of Corporate
Taxation w/o double
taxation
• Regular income tax
• 1120S
21. P & L
Gross Sales
<Cost of Goods Sold>
Gross Profit/Operating Profit
<Operating Expenses>
Net Income Before Taxes
<Taxes>
NET INCOME AFTER TAXES
22. Individual Tax Planning
S Eliminate taxable dividends and short-term capital gains
S Cash Value Life Insurance – Best tax shelter available
S Business related travel
S Home office use
S Sometimes you can deduct too much – Earned Income Credit
(for those who qualify)
S Credits
23. There is no reason to push the envelope when you
plan ahead and use smart, conservative
accounting and tax practices!!!