When Famous Investor Warren Buffett Decides To Offer Advice On Doing Business — You Might Want to Listen!
December 22, 2007
Listen and watch as "the world's richest man," Warren Buffett, explains the criteria he uses for sizing up potential business partners, and determining whether the "fit" is right for moving forward.
Watch the short video and ask yourself how you might apply Warren Buffett's insights on people selection in your own business?
John Michailidis is a recognized business consultant, attorney, success coach, and author of the WealthLoopTM Series of books and training materials for aspiring entrepreneurs and investors. Please use the contact form to get in touch with him regarding personal coaching and business consulting. Download the FREE, 40-page, .pdf "Wealth Creation Manual."
Dramatically Increase Efficiency And Profits With A "Systems Architecture Review" Of Your Business
December 20, 2007
When conducting an initial business review for a new professional client, an area that is most always ripe for massive improvement is what I'll call, "Systems Architecture." By merely defining, prioritizing, structuring, documenting, and delegating the everyday operations of your business you can often realize relatively dramatic increases in both efficiency and net revenue in no time at all.
The framework for a "system architecture review" involves analyzing and defining your business' key functional areas and then further drilling down to uncover the critical success activities upon which those key functional areas are dependent for optimal performance. You'll then prepare a comprehensive operations/procedures manual and delegate to the appropriate staff or outside personnel for execution:
- You first define your business' "Key Functional Areas."
- You then uncover the "Critical Success Activities" required for optimal performance in each of your Key Functional Areas.
- You design work-flow systems that carefully describe the most effective procedures for carrying out your Critical Success Activities.
- You codify your Critical Success Activities in a series of procedures/operations manuals.
- You delegate the execution of Critical Success Activities to appropriate staff or outside service providers.
- You train personnel to meet the standard.
- You monitor outcomes.
- You maintain accountability.
The upfront effort you make to optimize your business' systems will continue to payoff long after the initial work is done.
It is important for you to remember that optimizing your business is a medium-term process that need not be accomplished overnight. Once identified, you can work on optimizing your business, "One critical success activity at a time."
If you'd like do explore the concept in more detail, you can drop me a line using the contact form with the message, "Send Me The Free Systems Architecture White Paper." The free white paper will walk you through an analysis of one business' implementation of the process in one small area of their business. You can use what you learn as a blueprint for implementing your own system architecture review.
John Michailidis is a recognized business consultant, attorney, success coach, and author of the WealthLoopTM Series of books and training materials for aspiring entrepreneurs and investors. Please use the contact form to get in touch with him regarding personal coaching and business consulting. Download the FREE, 40-page, .pdf "Wealth Creation Manual."
The Purpose of Selling (Vid)
June 26, 2007
A short video that gets to the core of what professional selling should be all about.
John Michailidis is a recognized business consultant, attorney, success coach, and author of the WealthLoopTM Series of books and training materials for aspiring entrepreneurs and investors. Please use the contact form to get in touch with him regarding personal coaching and business consulting. Download the FREE, 40-page, .pdf "Wealth Creation Manual."
