Baroque Myriam

Business

You need several things to succeed in business. Personality wise, you need to be organized, driven, and able to set goals and get them done. You need to have vision—what the business will look like in so many years, how you want it. You must be motivated and uplifting in order to accomplish. And you need to have some know-how.

Over the last nine months I have learned a lot about business, from my school course and real life. I have learned skills like marketing, building websites, dealing with people, and so much more from school. And since I was fourteen I have worked at a small business in my town. This has given me a great opportunity to see a small business in action, to be a part, but also to learn valuable skills in dealing with people, solving problems, dealing with stress and time restrictions, getting stuff done well, and also the reward: your pay.

Also, my sister has her own business Read more…

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Joyner’s Irresistible Offer

Mark Joyner’s book “The Irresistible Offer” outlines what he thinks is an irresistible offer in advertising and how to make one. He defines the irresistible offer as “…an identity-building offer central to a product, service, or company where the believable return on investment is communicated so clearly and efficiently that it’s immediately apparent you’d have to be a fool to pass it up.” And, the offer has to have three main rules, or it doesn’t work: believability, a high ROI (return-on-investment) offer and a touchstone.

The return on investment (ROI) is very important, and in an ad it does help sell. Joyner gives the example of Domino’s pizza: “30-minutes….or less……or it’s free.” If the pizza wasn’t delivered in 30 minutes, you didn’t have to pay. That’s a good offer. You don’t have to risk anything. When the risk is Read more…

Apprenticeship

Why would you want to apprentice yourself to somebody or, why would you want to accept an apprentice? Back since time immemorial, there has been the master and his apprentice. Many times we think of an apprentice like those blacksmith apprentice boys, back in 18th century America. But, of course, there have been and are apprentices in all fields and areas of work. From blacksmith to farmer to engineer to entrepreneur, there is a reason why an apprenticeship is a good idea. That reason is obvious: apprenticeship offers a hands-on opportunity to learn that trade/job and get advice from an expert from that field.

Most everybody, without realizing it, has had or is having an apprenticeship. For example, perhaps your parents have a business or your uncle and somebody you know. You work for them or you help them out or you hang out with them. You are learning the ropes of that business. Read more…

Disagreeing With Style

Our natural instinct is to argue when we disagree with someone. We want to be right. We want to make sure that they know they’re wrong and we’re right. We want to have credit for being right. But, in a world where everyone’s out for their own interests, we’ll be arguing 24/7 for the rest of our lives if we think of it that way.

One of the biggest points from Dale Carnegie’s book, How to Win Friends and Influence People, is that we should not argue. Never argue. Obviously, when you’re debating someone you are arguing, but you still don’t say all the time, “No. You’re wrong. I got the right idea…….”

Not saying that the other person is wrong is the biggest step towards influencing someone towards your way of thinking. This is because you have not immediately put the other person on the defensive. You are open to their ideas, even if you don’t agree with them. Read more…

If You’re Wrong, Admit It Quickly

“What would be the most difficult technique in this book so far for you to learn how to do well? Why?”

One of the best books I have read so far for this course is Dale Carnegie’s How to Win Friends and Influence People. It is all about……well, the title says it all. There are so many techniques, pretty much all of which I would like to implement in my life. However, many of these techniques do not apply to me, yet—such as those that have to do with being a business manager, owner of a company, etc….  I have picked four techniques that I think I can implicate in my life, right now.

  1. If you’re wrong, admit it quickly and emphatically.
  2. The only way to get the best of an argument is to avoid it.
  3. Show respect for other people’s interests and wants—never say “you’re wrong”.
  4. Remember that a person’s name is to that person the sweetest sound in any language.

If you’re wrong, admit it quickly and emphatically. We all have the natural tendency to become defensive when Read more…

Trust In Business Relationships

Is trust an important component in business relationships? My answer is absolutely! And really, trust is key in any relationship. Let’s just stick to business ones for now, though. It doesn’t really matter if you are an employee, a waiter, a small business owner, a billionaire or self-employed, but if you don’t establish trust in your relationships, you will not get things done.

In business, you are always involved with people. So, relationships are the foundation for running your business, getting a job or selling someone your product. As you probably know from experience, if your friend or colleague does not think you a telling the truth or that you have a double motive, they won’t do what you want, help you or work with you. It’s a problem. Read more…

Speed Reading

“What would it take for Dr. North to persuade me to use Spreeder for 10 minutes a day?”

Spreeder is a free online program to improve your speed reading skills and speed up your reading abilities. I have started to use Spreeder 10 minutes a day. I can read an average of 800-850 words per minute with full comprehension on Spreeder.

What are the advantages of using Spreeder and having the ability to read at 1000 wpm or more? According to Spreeder, most people can read at about 200 wpm—the same rate they read at out loud. Being able to speed read gives you a great advantage. John F. Kennedy was able to quickly scan a document, fully comprehend it and then discuss it. This ability not only saved time, but gave him an advantage over his aides, colleagues and advisors.

I think that speed reading is handy when you have to read lengthy books or documents. You don’t exactly want to speed read your favorite novel, but for most other things, speed reading is extremely advantageous.

Selling Your Business

“I will sell my business when it makes a profit of x dollars a year, so that I can do…..”

If you start a business early on, or inherit one, you have great opportunity to make it a very, very successful business, raking in millions of dollars a year. Depending on your focus in life, and what you want to do, you may decide to sell your business after say, 30 years, to focus on something else.

You may want to start another business because you love the challenge. You may want to retire because you have enough money to retire early. It really depends on your situation and what you want to do.

A very important thing, in my opinion, is your calling. Your job should support your calling. In the case of being a rich business owner, you could sell your successful business at a profit and then use your money to fund your calling. Read more…

The 80/20 Principle

What is the 80/20 Principle? The 80/20 Principle states that “80% or more of what you achieve is a direct result of 20% or less of your actions.” A man named Richard Koch wrote several books on this principle and how you can use it to achieve more with less. Like Reagan said, “Hard work never killed anybody, but why take the chance?”

The key is to figure out what gives you the most results and then focus on that to achieve more. You must have the motivation to change. We all know so many ways that we can become more successful-setting goals, using the 80/20 principle-most of the time we just lack the motivation to actually change. It’s up to you to decide what you will become. This is the most important part of Koch’s book.

“I’m In Debt!”

“Why shouldn’t I borrow to buy something that depreciates?”

When you get a loan, you borrow ‘x’ amount of dollars. You must then pay back ‘y’ dollars in interest, as well. So, you’ll be paying back more money to the lender than you originally borrowed.

Now you get a loan and buy a nice new couch. As you use it, it gets worn, discolored, etc…. Now, ten years later, your couch is no longer as valuable as it was ten years ago—it depreciated. So you’re paying off a loan, with interest, and your item has depreciated in value and you can no longer sell it to get some money back.

On the other hand, if you buy something like a house on a loan, it is worth it. Houses typically don’t depreciate in value, depending on the economy and market. You could buy a house (with a loan) for $200,000, fix it up and make it worth more than before, and then re-sell it for a profit. Now, you have made money on your “investment” and your loan was not a waste. You made a profit, using the loan, instead of having to pay more.

Typically, borrowing to buy an item that can depreciate in value is not a good idea. Sometimes, though, you may not have a choice. Sometimes, that item is so important to you that you don’t care about having to pay off the loan. Spending and managing your finances is all about choices.