Plan B: 5 Differences That Make a Difference in Your Small/Home Business

Plan B: 5 Differences That Make a Difference in Your Small/Home Business

Author: Cesar V. Teague

Publisher: Xlibris Corporation

Published: 2011-08-09

Total Pages: 87

ISBN-13: 1465334785

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Plan B: 5 Differences That Make a Difference in Your Home Business You cant ask for what you want unless you know what it is. A lot of people dont know what they want, or they want much less than they deserve. First you have to figure out what you want. Second, you have to decide that you deserve it. Third, you have to believe you can get it. And, fourth, you have to have the guts to ask for it. Barbara de Angelis Having a Plan B to protect yourself, while providing more overall security in your life, is critical in times of change and uncertainty. The objective of this chapter is to explore a shift in thinking and action, moving away from being stuck in a full-time job and a part-time life to having a full-time life and a part-time jobliving life on your own terms. Having a Plan B fundamentally means having your own home-based business to generate cash flow. In the e-book titled Plan B, I share with you what has worked for me, putting the lessons learned along my journey of trial and error into a clear format that you can use to create your own Plan B. Each chapter targets a particular area in which positive changes must be made: 1. The Differences That Make a Difference helps you to identify the key risk and reward activities responsible for creating multiple, exponential resultsnot just incremental gains. 2. Success vs. Struggle explores your mind-set and examines what subconscious thought patterns may have created obstacles for you in achieving your goals. 3. Focus and Flow moves you through a succession of concepts, each one building on the previous one to create a stronger foundation. 4. Aligning Opportunities and Goals takes these two elements, which are often considered separately, and integrates them to help you achieve better results. 5. Action Steps for Geometric Gains provides hands-on exercises to propel you toward your goal and dreams. It examines your daily method of operation, income-producing activities, and sales and marketing plan. The benefits of a home-based business are undeniable for those who choose this course. They include flexible working hours, no commuting hassles, more personal or family time, and the likelihood of financial freedom, which all fulfill living life with passion. However, for those caught up in working-hard routines and not manifesting their truly desired results, the entrepreneurial dream of self-actualization can quickly vanish. In the face of these challenges, its easy to retreat into your comfort zone while grabbing hold of excuses such as the economy is bad or maybe next month or next year. But remember that though you could retreat into your comfort zone because it feels more secure and familiar, doing so is ultimately unfulfilling and stressful (and sometimes boring). Hard work is not the only important ingredient to creating your success. Whether in your career or in your own business, knowing and applying the Plan B strategies will enable you to realize better lifelong resultsif you give yourself permission to do so. Ive worked with many entrepreneurs and have faced the challenges of self-employment myself. As Ive watched people struggle, a number of key questions came up over and over: Why do they work such long hours every day, every week, without gaining results? Why do they repeatedly attend workshops without achieving their true goals? Why do they get fired up applying what they have learned only to attain the same unsatisfactory results? The answers to these mysteries lie in the mind. Your mind is the most powerful tool at your disposal. Some call it your blueprint. Subconscious thought patterns and beliefs can sabotage your best conscious efforts toward success. Its what happens on the inside that determines what happens on the outside, and grasping this truth is key to unlocking your potential, both personally and professionally. Success at entrepreneurship, or at any other challenge, require


Getting to Plan B

Getting to Plan B

Author: John Mullins

Publisher: Harvard Business Press

Published: 2009-09-08

Total Pages: 224

ISBN-13: 1422152693

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You have a new venture in mind. And you've crafted a business plan so detailed it's a work of art. Don't get too attached to it. As John Mullins and Randy Komisar explain in Getting to Plan B, new businesses are fraught with uncertainty. To succeed, you must change the plan in real time as the inevitable challenges arise. In fact, studies show that entrepreneurs who stick slavishly to their Plan A stand a greater chance of failing-and that many successful businesses barely resemble their founders' original idea. The authors provide a rigorous process for stress testing your Plan A and determining how to alter it so your business makes money, solves customers' needs, and endures. You'll discover strategies for: -Identifying the leap-of-faith assumptions hidden in your plan -Testing those assumptions and unearthing why the plan might not work -Reconfiguring the five components of your business model-revenue model, gross margin model, operating model, working capital model, and investment model-to create a sounder Plan B. Filled with success stories and cautionary tales, this book offers real cases illustrating the authors' unique process. Whether your idea is for a start-up or a new business unit within your organization, Getting to Plan B contains the road map you need to reach success.


Popular Mechanics

Popular Mechanics

Author:

Publisher:

Published: 1946-05

Total Pages: 296

ISBN-13:

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Popular Mechanics inspires, instructs and influences readers to help them master the modern world. Whether it’s practical DIY home-improvement tips, gadgets and digital technology, information on the newest cars or the latest breakthroughs in science -- PM is the ultimate guide to our high-tech lifestyle.


Popular Mechanics

Popular Mechanics

Author:

Publisher:

Published: 1948-12

Total Pages: 328

ISBN-13:

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Popular Mechanics inspires, instructs and influences readers to help them master the modern world. Whether it’s practical DIY home-improvement tips, gadgets and digital technology, information on the newest cars or the latest breakthroughs in science -- PM is the ultimate guide to our high-tech lifestyle.


Plan B

Plan B

Author: David Kord Murray

Publisher: Simon and Schuster

Published: 2011-09-20

Total Pages: 262

ISBN-13: 1439198381

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Why has Facebook been so limber, evolving so successfully even after a number of stumbles, while Myspace stalled and lost ground? Why was Wal-Mart able to expand so successfully into new offerings, such as groceries, while H&R Block dramatically failed to expand into offering financial services? The answer, David Murray reveals, is that Facebook and Wal-Mart both started with business models that empowered them to effectively adapt their plans as they executed them. The failure of detailed strategic plans that have taken a great deal of time and money to develop is one of the worst problems in business, and it’s ever more urgent as the pace of change in business continues to accelerate. Murray, author of the acclaimed Wall Street Journal bestseller Borrowing Brilliance, argues that valiantly sticking to even a well-thought-out Plan A is the road to disaster. The greatest success comes to those who know how to construct and implement an adaptive Plan A that has within it the means of evolving into a superior Plan B by responding to problems confronted, discoveries made, changing market conditions, and the competition. Writing in a lively, engaging voice and using a series of specific examples drawn from companies including IBM, Intel, Facebook, American Express, and Kaiser Permanente, as well as from the art of war, including the Battle of Gettysburg and the D-Day invasion, and even from the space program, Murray presents powerful methods for constructing a plan that has the mechanisms for adaptation built in. Drawing on a wealth of research, he explains why we are fairly good at short-term predictions but why, in our ever more rapidly changing business world, even the best laid plans will eventually go astray. He then introduces the best techniques for creating an optimal original plan that takes into account our limited ability to predict, showing that vital to this process is that it be constructed so that we are alerted in time to make the right changes. In a brilliant discussion of strategy and tactics, he shows that the core of this adaptability is making sure that your strategy and tactics are well aligned with one another and that you have established the right metrics for measuring results. He then details precisely how to adapt throughout the execution process by constantly monitoring and assessing results, developing worst-case scenarios, and recognizing unanticipated opportunities. Plan B is an essential guide to harnessing the forces of change to achieve long-lasting success despite the most vexing challenges.


Popular Science

Popular Science

Author:

Publisher:

Published: 1948-04

Total Pages: 306

ISBN-13:

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Popular Science gives our readers the information and tools to improve their technology and their world. The core belief that Popular Science and our readers share: The future is going to be better, and science and technology are the driving forces that will help make it better.


Popular Mechanics

Popular Mechanics

Author:

Publisher:

Published: 1949-03

Total Pages: 328

ISBN-13:

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Popular Mechanics inspires, instructs and influences readers to help them master the modern world. Whether it’s practical DIY home-improvement tips, gadgets and digital technology, information on the newest cars or the latest breakthroughs in science -- PM is the ultimate guide to our high-tech lifestyle.