LinkedIn Networking & Business Development

linkedin-logoWhat Is LinkedIn? Its a specialty social networking site with a strong focus on business and professional networking. LinkedIn is the world’s largest professional network with 225+ million members in 200+ countries. The formal nature of LinkedIn is its biggest strength compared to Facebook, Twitter and Google Plus, and make this site ideal for business development, recruiting, and referrals.

This networking site offers professionals a number of benefits and features. LinkedIn is more specialized than the other social media sites due to the audience it attracts, because it is used by professionals across industries. Therefore, this site is a must-use for job search. However, business owners looking to attract prospects and connect with industry professionals can also utilize LinkedIn in a productive and prosperous way. Continue reading

Business Fundamentals for Entrepreneurs

Having a great idea and the motivation to strike-out on your own is a good first step in pursing the feasibility of a business. However, it takes more than motivation and a great idea to get things started. This article will reveal some of the simplest considerations that most would-be business-owners overlook.

The very first thing that should not fall under consideration is venturing out on your own without the proper tools beyond the scope of a great idea. According to statistics provided by the Small Business Administration, over 90% of small businesses fail due to a lack of planning. How many times have you heard or witnessed individuals that sat up over a weekend and wrote a stellar business plan then headed out on Monday morning to seek funding or investors? ImpaBrantience is the second thing that needs management. So often “I am tired of working for someone else” is the premise for people to start a business. This frame of mind will almost ensure failure because this approach to business involves looking backwards at getting out of a bad situation.

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When to Hire a Sales Coach

When would be a better time to visit a doctor: after you are sick or before you get sick? Though many choose to see their doctor only after symptoms create enough of a demand for them to seek help, a more logical approach is to see your doctor for preventive care to ward off illness.

The same is true for your career. Why wait until your career is in jeopardy, your income falling and your stress level climbing before hiring a tenured, skilled and professional sales coach?

Day One or Day 1,000

While some coaches, eager to build their business will suggest that everyone in sales should hire them on the first day of their career, it may make more sense to delay even beginning to select a coach.

Why wait?

Actually, there are a couple of reasons why a rookie sales professional should consider waiting a while before hiring a coach. The first is the fact that many are in a sales position only because they are unable to find a job in a career or industry that really interests them. Sales has been called the “default occupation” for this very reason.

Hiring a sales coach on day 1 of your sales career may be money ill spent. A good coach will be focused on helping your increase your sales and may not be driven to help you decide if sales is really right for you.

Another reason to hold off hiring a professional coach is that your company will (should) have plenty of sales training for you to go through and master. Adding sales models and techniques on top of the training you are already receiving may be overwhelming. Beyond being potentially overwhelmed, you may not devote the time and attention to fully learning the training your company is giving you which probably wouldn’t impress your sales manager.

When the Student is Ready…

There’s an old expression that says when the student is ready, the teacher will appear. As long as your search for a coach begins before “crisis mode,” the time you begin searching for a coach is the right time for you.

Very few sales professionals who hire a sales coach would say that they were 100% certain of their decision to hire a coach. In fact, if you wait until you are absolutely certain that hiring a sales coach is the perfect way to advance your career, you’ll probably not hire a coach until it’s either too late or when your sales are so bad that you feel you have to do something.

T Patrick Phelps is the President of T Patrick Phelps Writing Services, Inc. He has worked with across many different vertical markets and specializes in writing for the sales, IT and personal development industries. Phelps is a Certified Life and Sales Coach and the founder of the Essential Needs Sales Paradigm. Visit [http://www.tpatrickphelps.com] for contact information

Article Source: http://EzineArticles.com/8338995

Business Valuation by Rand Gambrell

The value of a business depends on what the purpose of the valuation exercise is aimed for. Is it for raising new investment via minority share sale, or majority stake sale, or for bankruptcy? State/country specific laws also plays a role in valuation. Investors may still attach a positive value to a company undergoing bankruptcy proceedings, like in the case of United Airlines. Under what standard of valuation are we doing this valuation: Fair market value vs Investment value?