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Waltmorey
Pinellas Park, Florida, United States
I founded Core Business Solutions with the goal of helping business owners improve operating results, add value, and recapture the energy and passion that was present when the business was new. We also have the expertise to assist start-up companies create the foundational structure needed to provide the best opportunity for the business to grow and prosper in uncertain economic times. Our goal is to help the business entrepreneur/owner, through mentoring and coaching, develop or enhance managerial skills while providing that independent and objective advice and expertise usually provided by a board of directors.
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Friday, February 26, 2010

When Problems Threaten The Survival of Your Business!

Many types of problems can threaten the very survival of any business.

The typical problems are:
  • Lack of Sales
  • Lack of New Customers
  • Marketing Problems
  • Cash Flow Problems
  • Poor Employee Productivity
And the list can go on ad nauseum.

But how should you react or behave when these problems arise?

What you can't afford to do is to behave like the following:
  • A Goldfish - simply does not realize that there is a problem until it is too late.
  • An Ostrich - buries it's head in the sand and will not face up to how serious the problem(s) are.
  • A Deer in the headlights - frozen into inactivity by the fear of the inevitablility of the impending crash (which becomes a self-fulfilling prophecy).
  • A Headless Chicken - runs around making lots of noise and complaining about everything ('the sky is falling'), but is unable to focus on taking the structured actions necessary to tackle the real issues.
The management animal you need to be is the Sheepdog:
  1. Remaining in control of the situation
  2. Identify the actions required to solve the issues
  3. Staying focused on achieveing your objectives
  4. Herd (lead) your business around the obstacles and distractions back to the safe path
Remember, operating a successful business requires three steps that you must complete and these same 3 steps will help you solve most any problem:

I- Plan- Put a plan down on paper; What will you do to solve the problem (brainstorm all possible solutions)? Who will do it? Why will you do it? How will it get done? When will the plan be accomplished? Is there expert help I need to be sure the plan gets done?

II- Execute- Implement the Plan; "Plan your work and work your plan"; Be sure all the steps are completed on time; FOLLOW THROUGH!

III- Measure- How did the plan work? What were the results? Has the problem been resolved? If not, develop another plan (See step I above)

So in a quick summary you should:

A- Be conscious of your difficulties as soon as possible
B- Face up to the situation and plan what you will do
C- Get expert help to stay on track
D- Design systems (probably some type of report) to give early warning of problems ahead

Once the problem(s) has been solved, make changes in your business to stop the problem from reoccuring.

In about 2-3 weeks or so I'll review another subject designed to provide business owners with information they can use to help them work "on" their business.


Until Next Time : Live Simply, Speak Kindly, Care Deeply, Love Generously and Live In The Moment

All The Best To Everyone,

Walt Morey
Executive Business Advisor Accredited by the Institute for Independent Business
http://www.corebizsolution.com/
Core Business Solutons is proud to be an Affiliate of Amazon.com
Saturday, February 6, 2010

Setting SMART Goals


A lot of people create excitement around ideas, but then those lofty goals more often than not, fall to the wayside. Why is this?

To begin with, let's look at the excuses we use to justify why our goals fail.

Ever notice these excuses?:
1- I don't have time / I'm too busy
2-I don't have enough money
3- It's (insert someone else's name)'s fault
4-It's too hard / harder than I expected
5-I'll do it later
6-I don't know how
7- It's just not "the right time"


Let's talk about setting goals. You have to be SMART about your goals.
SMART goals are:


S – Specific
M - Measurable
A - Attainable
R - Realistic
T - Timely

Here are some common business goals:
A- Make more money (how much?)
B-Generate more sales
C-Meet more people (how many? /How?)
D-Generate more leads


What happens if you don't meet your goals? It's ok! Just take a realistic look at what happened, and set a new milestone date. Just don't go back to the excuse list!
If you don't respect yourself or hold yourself in high enough regard, why should other people?

Learn to keep your commitments to yourself first [Self integrity], and then you will be better prepared to deal with the commitments to others in your life -your clients, family, and employees.
Watch how others start regarding you when you take yourself seriously.


What if you really don't have time? Oh right...you're *different*. The truth is, that everybody has time for the things that are important to them. If you don't have time, then maybe it just isn't really a priority for you (and, that's OK!?).

If someone offered you a million dollars to do something you "don't have time to do," would you find time?

What is achieving your goals really worth to you? If you did achieve them how much better would your business and your life be?

Keys to accomplishing your goals:

1-Write them down [Planning, sound familiar?]

2-Tape them to your wall, or carry them in a notebook.

3-Look at them every day.

4-Tell other people - enlist others in helping to make you accountable.

5- Ask people for help - don't assume people know what you want or need.
Try being direct it's a rare trait these days.

In conclusion - being SMART about your goals, is the key to achieving them.

In about 2-3 weeks or so I'll review another subject designed to provide business owners with information they can use to help them work "on" their business.

Until Then : Live Simply, Speak Kindly, Care Deeply & Love Generously.

All The Best To Everyone,

Walt Morey

Executive Business Advisor Accredited by the Institute for Independent Business

http://www.corebizsolution.com/

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