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Your Greatest Asset

Written by: Robin Elliott

Article Overview: Most business owners overlook their greatest underutilized asset. Read this and radically improve our bottom line profits.

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Your Greatest Asset

I talked recently with a fellow who has a staff of eighty-five people. They’re not his sales team. He wants to increase his sales, and I suggested he consider turning these employees into salespeople. “But that’s not their job!” he protested. Exactly. And that’s why most business owners overlook their greatest underutilized asset – their non sales employees. I got very excited when I realized that there were 85 people who could help increase his sales with no cost or risk!

Every person on earth wants to feel important, recognized and appreciated. We want to feel that our contribution is important and that our ideas and suggestions are valued. Plus, we want to feel that we get rewarded for any value that we create. I have found that our employees at the coalface often know more about our businesses than we do. Their suggestions are based on real life, real experience and real opinions. They have insights and recommendations which could radically improve our bottom line profits, if we only gave them a reason to share those ideas, listened, and rewarded them accordingly.

Your employees want to feel a part of the business. They want to feel that they have secure jobs and that they can increase their income without moonlighting and arriving at your business half asleep. By listening to their ideas and providing them non-threatening and easy to use, understandable sales tools with a system to measure and reward results, you can unleash massive sales! When we understand that our businesses provide products and services that relieve pain and create value, we can train our employees to perceive “sales” differently. Use this massive, neglected resource – the cost is miniscule and the results are extraordinary – improved productivity and loyalty, decreased employee and customer attrition and increased sales and profits, innovation and motivation.

Zig Ziglar said, “You can get anything out of life, if you’re prepared to give enough other people what they want.” Most employees dread going to work and we can change that. Give your employees what they want: a voice, an ear, an opportunity, security, self esteem, reward, motivation, purpose and recognition, get your ego out of the way, and the sky’s the limit.

How workers ranked what they considered important, starting with the most important:
#1: Appreciation for good work,
#2: Feeling “in” on things,
#3: Help with personal problems,
#4: Job security,
#5: Good wages,
#6: Interesting work,
#7: Possibility for promotion,
#8: Loyalty of Management to workers,
#9: Good working conditions,
#10 Tactful discipline.

Apply this knowledge to your management systems and win!

“Unless you move, the place you are is the place you will always be.”

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$1,000,000 $1,000,000 - Hi Evan, Are you talking about US Dollars? If so, that would be approx £500,000 in the UK. The Canadian Dollars differs also from the Australian Dollar. In any case, one needs to solve problems to help people to get money. The more solutions are given to people's needs to solve their problems, the closer one gets. Finally, are we talking about 'Income' or can we talk about 'Asset'? Kindest Regards Beat "Unlock People's Potentials!"
The 7 Greatest Truths about Successful Women The 7 Greatest Truths about Successful Women - Picked up a few books on my weekly trip to the library, thought I'd share their tables of contents. The 7 Greatest Truths about Successful Women: How You Can Achieve Financial Independence, Professional Freedom, and Personal Joy, by Marion Luna Brem. From the inside cover: In 1984, battling both cervical and breast cancer, and facing $500,000 in medical bills and a disintegrating marriage, Marion Luna Brem was desperate to find a way to support herself and her two young sons. With more than a few strikes against her, she started knocking on doors, looking for a job. Seventeen doors later, the blunt speaking manager of a car dealership in central TExas declared, "I've been thinking of hiring a broad." And with that invitation, Marion took her own first step on the road to financial independence, yada yada yada Today, this "broad" owns two automobile dealerships, an advertising agency, and a stake in a local bank. She sits on the boards of several businesses, etc. etc. 1. Who Wants to be her own boss? 2. Ladies, Start your engines 3. Resiliency 4. Nurturing 5. Intuition 6. Creativity 7. Passion 8. Self-Value 9. Sensitivity 10. Leadership 11. Balance
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Export To start exporting or moving into new markets grants of 50% of costs up to £20,000 each. Training and Education Knowledge Transfer Partnerships, Achieving Best Practice in Your Business, Investors in People Modern Apprenticeships New Deal for various grants. Environment BOC Foundation for the Environment: 25% to 50% of Project cost, typically £20,000 to £100,000 Clean up Fund: Emission reducing equipment up to 75% of cost Community Chest Fund: Up to £25,000 for projects near active SITA sites High Impact Fund: £150,000+ for larger projects near SITA sites Assisted Areas Regional assistance grants of between 10 and 35% for capital expenditure in less favoured areas of the UK. Loans Loans are an excellent source of finance if you have suitable security to borrow against or a reliable earnings stream. This needs to be planned and presented well to obtain funds. Credit cards Provides up to 56 days free credit if you play the game! 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These funds are looking for exponential capital growth over 3-5 years. Asset backed finance This can cover machinery, sales invoices even sales orders. It can be a very flexible source of finance to the growing business Leasing This will cover your capital expenditure and spread the cost over a three to five year period. It is particularly useful if you do not have taxable profits to maximise your capital allowances. Sale and leaseback of a property you own is another good source of funds. Factoring Factoring offers a sales ledger administration and debt collection service. Up to 95% of an approved sales invoice is paid within 48 hours, quicker if required. Credit protection is also available to protect against a bad debt. The Factor will own and place a first charge over the book debts and they might also take other charges, depending upon the strength of the financial information. Invoice discounting Invoice Discounting can be Confidential or Disclosed; it depends upon the strength of the financial information. The service is the same as Factoring, except that the sales ledger administration and the debt collection is the responsibility of the client and not the Factor. Pre payment of the approved sales invoice is still up to 95% and the factor will still have a first charge on the book debt and therefore own the debt. This service can also have credit protection cover. All sales invoices need to be for a business to business debt, and some proof of delivery is generally required. Trade Finance This is funding provided against stock purchases, signed contracts and orders whereby the funder will prepay a certain percentage of the value Pension fund It may be possible to use your pension funds for a loan back to the business What do u think about it?


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