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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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Showing posts with label business coaching. Show all posts
Showing posts with label business coaching. Show all posts
Wednesday, April 11, 2012

Success is a Marathon

I recently ran across an article written by Harvey Mackay (author of 5 business best sellers) that I shared with a client and I think he makes some great points that all business owners should remind themsleves of frequently. Let me know what you think...

"Success is a Marathon"    by Harvey Mackay

The key to success is sometimes just the willingness to put one foot in front of the other one more time. Here's how I do it.

I have ten marathons under my belt, including four New York races and one Boston. When you are running a grueling race with thousands of people, for the most part it doesn't matter where in the pack you finish. What matters is simply that you finish. It's all about persistence.

Even the elite runners - those who make the 26.2-mile trek in a little over two hours - have to convince themselves to take the next stride. Imagine how a runner who is still at it after four or five hours feels! Then think about the rush that comes when the finish line is in sight.

The difference between those who finish and those who give up lies in the old axiom that successful people do those things that unsuccessful people don't like to do. Successful people have the determination, the will, the focus, the drive to complete the tough jobs - like running a marathon. Or launching a business.

You may recall the story about when I was starting out, and asked a colleague I respected how many calls he would make on a prospect before giving up. He told me: "It depends on which one of us dies first."

Keeping your eye on the prize is usually easier said than done. It's easy to get overwhelmed by the demands of a long-term project. Here's how I stay motivated.

  • Focus on what you can accomplish rather than the obstacles that stand in front of you. Direct your energy toward achieving a goal, and tackle the problems with an emphasis on edging closer to a successful result.
  • When you identify a roadblock, develop a realistic plan to overcome it.
  • Work with your colleagues or employees to make it easy for them to say yes to your requests. Provide options so they can contribute to the best of their abilities.
  • Never ask them to do something that you wouldn't do yourself. That is the essence of leadership.
  • Be assertive without being aggressive. Set the direction and take responsibility for results.
  • To paraphrase Winston Churchill: Never, never, never, never, never, never, never give up.

Persistence and determination are what keep us hammering away. I've known entrepreneurs who were not great salespeople, or didn't know how to code, or were not particularly charismatic leaders. But I don't know of any entrepreneurs who have achieved any level of success without persistence and determination.

When you have a dream that you can't let go of, trust your instincts and pursue it. But remember: Real dreams take work, They take patience, and sometimes they require you to dig down very deep. Be sure you're willing to do that.


Mackay's Moral: Instead of giving myself reasons why I can't, I give myself reasons why I can.

 In the next few weeks I'll post another article to help you work 'on' your business!
"Remember, to get your business to the top, you must get off your bottom."
Walt Morey,

Core Business Solutions Inc.,

8712 40th Way North, Pinellas Park, Florida 33782

Tel: 727-647-8242

waltmorey@iib.ws

http://www.corebizsolution.com/

Practical Business Advice
Friday, January 6, 2012

How Important Is Strategy In Your Business?


On a scale of one to ten, having a good  strategy rates about a fifteen!

No matter what kind of business you have -- whether you sell products or a service, as the saying goes, "if you fail to plan, then you're really planning to fail."

Creating a strategy can mean the difference between you working 60 to 80 hours a week all year long -- and then breaking even, or worse, losing money. On the other hand, many successful entrepreneurs who have a strategy work fewer hours and make piles of money -- and they usually attribute their success to having a strategic plan and following it.

So what is strategic business management? Very simply, it's the process of defining the goals and
objectives for your business, creating an action plan so you can reach them and then following the plan.

How do you create a strategic plan for your business?

1. First, know what your vision for your company is. If there were no barriers, nothing stopping you from taking your company as far as you could – what would that look like?

2. Next, what are your company's core operating values? What are its guiding principles? In other words, why are you in business and how do you do business?

3. Now create a 3 to 5 year plan. Your long-term plan is based on the broad objectives that will help you get from where you are now, to where you want to be.

4. Develop a plan for this year. These are the specific objectives you plan to accomplish this year that will lead you closer to your long-term goals. Remember to be "SMART" when setting your annual goals (Specific, Measurable, Attainable, Realistic, Time-oriented). Include a list of the barriers that are
stopping you from getting where you want to go. Figure out what resources you've already got, and what resources you need to get you past those barriers. And then create an action plan that clearly lays out how you will achieve your goals. Involve key employees with this part of the planning process.

5. Create a set of milestones or benchmarks. This is very important, so that you can measure your progress.

6. Share the plan with your employees, and anyone else who will be involved in the process. Your annual strategy is the roadmap that will make sure everyone ends up at the same destination - but to be effective, everyone needs the same map!

7. Put the plan into action. Now that you have the roadmap, it's time to begin the journey.

8. Check your progress. Just like any trip, you need to check the map every now and then; to be sure you're still on the right road. If something isn't working, the sooner you figure it out and make the necessary adjustments, the sooner you'll be back on track.

9. Follow the same cycle next year. (Dream, Plan, Act, Check).

Creating a business strategy and following it will ensure that you enjoy the journey as much as getting to your final destination.

In the next few weeks I'll post another article to help you work 'on' your business!

"Remember, to get your business to the top, you have to get off your bottom."




Walt Morey,

Core Business Solutions Inc.,

8712 40th Way North, Pinellas Park, Florida 33782

Tel: 727-647-8242

waltmorey@iib.ws

http://www.corebizsolution.com/

Practical Business Advice




























Monday, October 17, 2011

Develop Great Customer Relations

We've all heard this axiom: Information is power. This is also a key to building effective customer relations, because if you really know your customers you can give them the service and respect they deserve. But unless you have a photographic memory (or not many clients), you will not be able to discover and track everything there is to know about your clients. Here are a few ideas that will help.

A-  Gather demographic info.


Information such as gender, age, marital status, hobbies, income, business type, and even location can all be important details you use to create targeted communications and offers that wow your customers. If you don't already have this information, you can gather it using questionnaires your customers complete as you work with them or through database appending services such as Dunn & Bradstreet.




B- Track customer data and behaviors.


There is no way you can remember everything about your customers without a good system for keeping track of customer info. A good customer database or customer relationship management (CRM) system will allow you to track demographics, interests, past purchases, behaviors, and more. There are many options for CRM software such as Prophet  which can be used with MS Outlook, OnContact  which can be used either as a hosted solution on an 'on-premises' product and many others such as Goldmine, SugarCRM, Netsuite and an old favorite ACT, to name just a few. Last count there were over 20 CRM software choices and growing all the time.



C- Conduct a survey.


Send out a survey by email  to help you gather valuable data from your clients both current and past. You can discover their interests, how they feel about your service, what products they may be searching for, and much more. This information will help you address individual needs and also give you a "big picture" look of how your clientele feels about you and your company. However, be prepared, you may get some answers you are not expecting. Especially from customers who may have left you for a competitor. It's all about the questions you ask.


D- Listen to your customers.

The best way to develop better relationships with your customers is to solicit their feedback. If your clients are local, you can host a live customer appreciation event, whereas if you have a larger list of customers, you can hold a virtual event, social media gathering, or other creative avenue to interact with customers.


E- Respond to your customers needs.

When you know your clients and then provide products and services to meet their current and future needs, they will respond with loyalty. And if you're really good developing strong customer relations, you'll get referrals from your customers as well. Now, how about that? 

F- Keep in touch.

Lastly, be sure to use a method to stay in touch with your customers, both new and old. Develop a newsletter that can be posted on Facebook and other Social Media platforms or delivered by email or even "snail mail". You'd be amazed the attention and interest a well-crafted newsletter about 'what's new' in your company and other useful information can get you.

Better Customer Relations Management can help you grow your business.

I hope this blog post was useful for you. In a few weeks I'll post another item to help business owners work 'on' their business.

"Remember, to get your business to the top, you have to get off your bottom."

Walt Morey,
Core Business Solutions Inc.,
8712 40th Way North, Pinellas Park, Florida 33782
Tel: 727-647-8242
waltmorey@iib.ws
http://www.corebizsolution.com/
Practical Business Advice











Saturday, April 16, 2011

The Social Media Revolution

Not sure if you should join in the Social Media Revolution to promote your business?
Here's a link to a very revealing video.

http://socialnomics.net/?p=1117

Here are just a few stats from this video which is almost a year old:

1.Over 50% of the world’s population is under 30-years-old


2.96% of them have joined a social network

3.Facebook tops Google for weekly traffic in the U.S.

4.Social Media has overtaken porn as the #1 activity on the Web

5.1 out of 8 couples married in the U.S. last year met via social media

6.Years to Reach 50 millions Users: Radio (38 Years), TV (13 Years), Internet (4 Years), iPod (3 Years)…

7.Facebook added over 200 million users in less than a year

8.iPhone applications hit 1 billion in 9 months.

9.We don’t have a choice on whether we DO social media, the question is how well we DO it.”

10.If Facebook were a country it would be the world’s 3rd largest ahead of the United States and only behind China and India

11.There are over 200,000,000 Blogs


12.Because of the speed in which social media enables communication, word of mouth now becomes world of mouth

13.If you were paid a $1 for every time an article was posted on Wikipedia you would earn $1,712.32 per hour

14.25% of search results for the World’s Top 20 largest brands are links to user-generated content

15.34% of bloggers post opinions about products & brands

16.Do you like what they are saying about your brand? You better.

17.People care more about how their social graph ranks products and services than how Google ranks them

18.78% of consumers trust peer recommendations

19.Only 14% trust advertisements

20.Only 18% of traditional TV campaigns generate a positive ROI

21.90% of people that can TiVo ads do

22.Kindle eBooks Outsold Paper Books on Christmas

Still think you should not be using Social Media to promote your business?
 
THINK AGAIN.....

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 My Best,

Walt Morey

Core Business Solutions

Executive Business Advisor- Accredited by the Institute for Independent Business

http://www.corebizsolution.com/

Ph: 727-647-8242


Saturday, February 5, 2011

Why Are People Skeptical About Network Marketing?,

Network marketing, which is also known as MLM has gotten a bad reputation in years past. This is due to so many people believing the myths about this type of business, which is what makes them skeptical to start this type of business.

There are many reasons why they are skeptical, but the main reasons concern the myths that have been spread about this business type in the past. You need to know what these myths are and have the truth revealed about them, so you can see why this is a very legitimate way to start your own business.

Below are the myths that make so many different people skeptical about an mlm business.

One: MLM is nothing, but a Pyramid scheme - This is something that has been talked about on the internet and offline by many people, but it is not true. You need to understand the different between a pyramid scheme and a legal business, which is what mlm is.

Pyramid scheme - This is when you give money to someone else for nothing in return. A good example of this type of scheme is the chain letters that everyone has gotten at some point in their life. This is definitely the type that you want to avoid because you will only be ripped off.

With MLM it is an actual legal business system that provides customers with an actual product or services. So, if you become involved in mlm, then you will be selling a product or service to someone in return for their money and this is what all legal businesses, online and offline do also.
Now that you understand the differences, you can see that mlm is definitely not a pyramid scheme. You just have to be sure that you take time to choose the right opportunity that is legal and not set up like a pyramid.

Two: You can get rich overnight - This is a myth that has turned many people away from this type of business and it should turn you away. If you find an opportunity that promises this, then you want to run the other way as fast as you can.
No business that is legal is going to make you rich instantly. There are so many mlm opportunities that you can use to start a business that will not make this impossible promise. Just look at multiple companies to locate one that is legit and not a scam.

Three: Salespeople are the only ones that can be successful with mlm - This is not true anymore because of the internet. It will help you to have experience with selling, but it is not necessary to achieve success.
With the help of the internet, you don't have to be a salesman, you just have to be willing to learn whatever is needed to help you succeed and to be willing to work hard.

Now that you understand the reasons that so many people are skeptical about network marketing and the truth about these myths, you need to decide if you can be successful with this type of business. Just remember that mlm is definitely legal and a great way to earn money when you find the right opportunity for you.

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,

Walt Morey

Core Business Solutions

Executive Business Advisor Accredited by the Institute for Independent Business

http://www.corebizsolution.com/



Saturday, December 4, 2010

Time to set SMART Goals for 2011

December is the perfect time to set your goals for 2011.
A lot of people create excitement around new goals and 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 yourself using 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 (how many more?)

C-Meet more people (how many? /How?)

D-Generate more leads (how many more and what are the demographics?)

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!?). You probably need someone to help you, so reach out and get help.

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


All The Best,
Walt Morey
Core Business Solutions
Executive Business Advisor Accredited by the Institute for Independent Business

http://www.corebizsolution.com/
Saturday, September 11, 2010

The Story of the Tiny Frogs

There once was a bunch of tiny frogs who arranged a climbing competition and the
goal was to reach the top of a very high tower. A large crowd gathered around the tower
to see the race and cheer on the contestants. The race began.

No one in the crowd really believed that the tiny frogs would reach the top of the tower.
The crowd began to call out... “That’s far too difficult!”, “You’ll never make it to the
top!”, “You will never succeed, the tower is too high!”

Sure enough the tiny frogs started to collapse one by one as the task became
too tough and the cries of the crowd began to affect them. Except those who
got a second wind and climbed higher and higher. The crowd continued to yell
out. “It’s too difficult, no one will make it!!” More tiny frogs got tired and gave up but
one continued higher and higher...

This one wouldn’t give up! At the end that one
tiny frog who made a big effort reached the top of the tower. Everyone wanted to
know how the tiny frog had managed it. A fellow contestant asked him how he
had achieved such a magnificent feat.

The winning tiny frog looked blankly at his fellow contestant and said that he had focused only on the goal - and didn’t hear the negative comments. The moral of this story...

Never let other people’s tendency to be pessimistic or negative take your dreams
and aspirations away from you! Always be POSITIVE. Focus on your goals when
people tell you that you should not try to fulfil your dreams.

BELIEVE and ACHIEVE!    Keep Your Eye On The Prize !
 
In the next few weeks I'll post another article to help business owners work "on" their business.


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

All The Best,

Walt Morey
Core Business Solutions
Executive Business Advisor Accredited by the Institute for Independent Business
http://www.corebizsolution.com/  
Monday, July 19, 2010

“Be a good listener. Encourage others to talk about themselves.”

Dale Carnegie said “Be a good listener. Encourage others to talk about themselves.”

Effective communication is essential in today's work environment. Good communication is as reliant on good listening as on coherent speaking. Here are some tips on how to be a better listener:

  1. Look at the other person as they speak. Smile and acknowledge them as they speak. They will open up more as you provide a very positive and interested audience.
  2. Ask questions as your conversation goes along. This will draw out more detailed information.
  3. Don't interrupt the other person. Let them complete their thought before you jump in and provide feedback.
  4. Don't change the subject unless the person speaking does. The more comfortable the speaker is the easier it will be for them to speak plainly.
  5. Occasionally reflect back to the speaker what they said, in your own words. This tells the speaker you were listening and that you understand what they have said.
  6. Express emotion with control. Try not to overreact to anything.
  7. Respond appropriately by considering how you want the speaker to think of you.
Using the methods above can help you help others and be a better listener as well.

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,

Walt Morey
Core Business Solutions
Executive Business Advisor Accredited by the Institute for Independent Business
http://www.corebizsolution.com
Saturday, May 29, 2010

Difficult Decision? ------Yes - Sleep On It!

It is official!  If you have a very tough decision to make - you are much better to 'sleep on it'.

A team of Dutch scientists has come to the conclusion that if you are making a simple and basic choice, like deciding which peanut butter to buy, then a conscious decision is better. However, these same scientists found that as the decision gets more complex and important, you're more likely to make a better quality decision if you 'sleep on it'.

A study in the journal "Science" gave the results of a series of tests which appeared to demonstrate that people who relied only on conscious thought processes tended to perform worse when decisions became more complex than those who were able to 'sleep on it'.  The research team explained that the problem with conscious thought is that the brain can only focus on a few things at the same time, which can lead to some aspects being given undue importance.

Lead researcher Dr. Ap Dijksterhuis said "The take home message is that when you have to make a decision, the first step is to gather all the information necessary for the decision. By going through this collecting process you begin to break down all the different parts of the decision as you think about each part of the information you need."

Once you have all the information, you have to decide and this is best done with conscious thought for simple decisions, but left to unconscious thought - to 'sleep on it' - when the decision is complex.
William Golding said  "Sleep is when all the unsorted stuff comes flying out as from a dustbin upset in a high wind."

Jonathan Schooler of the University of British Columbia in Vancouver told Science that "too much (conscious) reflection could be detrimental in some situations."

Strategic planning for a business involves many complex decisions that should be reviewed and thought through over time and this is why I explain to anyone who is doing business planning of any kind to understand that this 'is a process, not an event.' 

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,

Walt Morey

Core Business Solutions

Executive Business Advisor Accredited by the Institute for Independent Business

http://www.corebizsolution.com
Tuesday, April 13, 2010

21st Century Leadership - A People Focused Approach

One of the greatest challenges of leadership is the definition. There are literally thousands of  books, documents, and lecturers that have each defined what their idea of leadership is.
There are definitions for corporate leadership, civic leadership, home leadership, and more. We attempt to
break down leadership and make it more complicated than it is.

At its core, leadership is an individual achieving results through people. In many cases you are considered a leader if you hold a particular title, have a certain set of personality traits, a particular skill, or lucky enough to be a born leader. None of these by itself define leadership, mainly because leadership is an individual decision. Just because someone is in a leadership position doesn't mean they necessarily exercise leadership. In some cases the informal leader exhibits leadership even though they aren't in a leadership role.

The people focused leader is adaptive and receptive to change. They understand the need to change in order to stay a step ahead in order to meet the demands and challenges of a rapidly changing marketplace. They have a vision for their organization that is clearly communicated throughout and the ability to influence at all levels in order to meet organizational goals and objectives.

The people focused leader realizes that it's not just management that drives performance in the organization, but also its people. Happy employees are productive employees. The people focused leader understands the importance of creating an environment that encourages diverse views and stimulates employees to take initiative, work as a team, and continuously learn.

The people focused leader has the interpersonal skills to develop relationships throughout the organization
especially in the new millennium where many workers have more knowledge than those that are leading them.

The people focused leader is quickly replacing the autocratic leaders of yesterday. They recognize the
importance of the people element to be critical to the success of the organization.
With the marketplace becoming more global, competitive, and turbulent, characterized by a highly mobile, skilled, and educated workforce.

The people focused leader will need to demonstrate their "people skills" to drive organizational performance and business success.

As we move forward in the new millennium leadership will be the differentiating factor between successful
and unsuccessful organizations. Rapid innovation and quality improvements will require even greater effort from the workforce in the future, and those that are able to change, influence, and transform his/her
organization will be ready to lead their organizations well into the 21st century.

Are you a people focused leader?  If not, I hope I've given you ideas on how to move in that direction.

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,

Walt Morey
Core Business Solutions
Executive Business Advisor Accredited by the Institute for Independent Business
http://www.corebizsolution.com/

Core Business Solutions Advice

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