Posts Tagged ‘business purpose’

Philosophical Basis of a Business

Chances are you may never hear someone discuss the philosophical basis of a business, but if you listen closely you will realize they have one. So, what do I mean by the philosophical in this context. Read the rest of this entry »

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Financial Vision

Most of us eventually realize when we need a new prescription for eyeglasses. But, how often are we aware that our financial vision is out of focus?

Know Where You’re Going

You’ve probably heard the saying, “If you don’t know where you’re going, any road will get you there.” This is a paraphrasing of a section from Alice in Wonderland that is often attributed to Lewis Carroll. Regardless of who gets credit, the sentiment is most assuredly true. In the financial realm that means Read the rest of this entry »

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Scope Creep

Think about the last time you bought a television, computer, or appliance. Did the sales person try to sell you an extended warranty? Of course they are trained to ask that as that cross sell is highly profitable since the likelihood you will make use of the extended warranty is very small. Many people even forget they have the warranty. So what does this have to do with the title of this article, Scope Creep?

What Business Are You In?

In this case the question “what business are you in” is not talking about the idea that your real product is not what you Read the rest of this entry »

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Diligent Financial Planning

Dictionary.com defines diligent as “constant in effort to accomplish something; attentive and persistent in doing anything“. As a working definition that is fine, but when it comes to execution there is more to it.

Negative Diligence

Throughout life we encounter people who almost seem as if they are determined to fail. However, have you ever met someone who really wanted to fail? Probably not. Yet, despite a desire to succeed Read the rest of this entry »

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Virtual Business

This is going to be a rather short posting about virtual business. Regardless, it hopefully will make you think about how you operate your business.

What is Virtual Business?

Wikipedia defines a virtual business as one that employs electronic means to transact business as opposed to a traditional brick and mortar business that relies on face-to-face transactions with physical documents and physical currency or credit. Yes, I know Wikipedia has its limitations, but in this case the definition is a pretty good one.

So What?

If you are strictly Read the rest of this entry »

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It’s Not Too Late

If you sometimes wonder if it is too late to achieve you goals, your thoughts are getting in your way.

Thoughts in my Way?

Yes, if you are thinking it is too late, that thought is the first barrier you face. Who knows, maybe you won’t be successful; then again, maybe you WILL. However, if you think you are too late you are carrying around a pattern of thinking that will hold you back from Read the rest of this entry »

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Have You Reached Your Goal?

Have you reached your goal yet? Okay, this is a trick question, set me elaborate.

Goals

In a prior blog posting (What Are Your Goals?), I discussed the use of the acronym SMART when setting goals. As I mentioned in that post there of some variations of this acronym, but it is Read the rest of this entry »

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What Are Your Goals?

Goals are one of those things most of us know we should use but often fail to do so. Basically they are what we use to realize our vision (see Why You Need a Vision Statement) and fulfill our mission (See Why You Need a Purpose or Mission Statement). Here are some thoughts on how to make goals meaningful and more likely to be achieved.

Goals

Failure to set goals for business leaves you directionless. Goals give you Read the rest of this entry »

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Why Are You in Business?

Have you ever stop to consider the question as to why are you in business? Typically the answer to that question is something like, “I was tired of working for and making money for other people” or “I wanted to be independent” or “I thought I could make more money with my own company.” While all of these may be valid, I believe each of them leave a business owner exposed to Read the rest of this entry »

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What is the Purpose of Your Purposes?

At first thought the question “What is the purpose of your purposes?” may sound like doublespeak. But it really isn’t. In an earlier blog post, Why You Need a Purpose or Mission Statement purpose was initially addressed. Along with that blog were two other blogs, Why You Need a Vision Statement and Why You Need a Values Statement to help round out the thought process. Here I want to delve a little deeper into purpose.

How Do You Learn?

Okay, say you have a purpose statement, and for the sake of our discussion, let’s say that statement reads, Read the rest of this entry »

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