Category: Business & Entrepreneurship (Page 1 of 2)
by Jay Abraham
Orderlies buying a hospital?
I do need to tell you they were actually two gentlemen going through med school who intended to become doctors and during the time that they were in that process, they worked at a hospital as orderlies to pay for school.
Here’s what they did.
Since more than 3/4 of the top-developed nation’s working population are engaged in the service sectors, the intellectual capital and varying levels of development of these people are a major factor in a nation’s competitiveness.
And so it is among competing firms. They do similar things, with the same people, for similar clients, using similar technology at more or less the same prices. However, data shows that there are wide differences in performance between competing firms. Why is this? What is the key factor that is different?
A business is comprised of a group of people who have come together to play a specific role in the success of the business. If the business is to grow, then its people must grow. If the people are small-minded, unmotivated and not very creative – then the business will reflect this.
On the other hand, if the team members see themselves as vital, contributing, and able to excel, then the business will reflect this also. Many organizations invest time and money in the professional development of their people; however, they neglect their team’s personal development.
Investing in the ongoing personal development and training of your team is one of the best investments you can make. If someone makes $50,000 a year and can generate you $500,000 in value, why not take this person and increase their skill, ability, talent, attitude, and education, so that they can add a million dollars in value?
A $50,000 investment that brings a $1 million return is a very, very valuable asset. There is no better investment that companies can make than in the education and development of their own people.
Areas of personal development include:
- Relationship skills
- Interpersonal communication skills
- Emotional health and self-esteem
- Personal responsibility
- Financial Intelligence
- Personal Leadership
A dramatic change in the structure of modern organizations is transforming the very nature of work. The traditional position descriptions that are part of a formal, rigid, hierarchical organizational structure are changing into loosely structured, multifunctional virtual project teams.
These virtual project teams work across time zones and borders as part of multiple project teams. They can be easily assembled and dissembled at the completion of the project.
The purpose of this article is to go over a few key points that are important if you are serious about adding new sources of income.
This information is an EXTRACT from the content of the Optima Business Archives from 2002. Still relevant today!
IF YOU ARE A BUSINESS OWNER, you need to add new sources of income personally — and also within your business. We have found that most businesses rely on one primary source of revenue, and if you look across your industry, you will find that most businesses within the same industry follow the same pattern.
HOT TIP: Look at the ways other businesses from different industries find new customers and sources of revenue. Ask yourself this question: “How could I apply the same method to my business?” Don’t say to yourself (like most people do) “that will never work for me, my business is different.” You would be surprised at how this one thought, can get in the way of new money-making ideas!
If you keep an open mind, you will discover new ways of marketing, and new sources of income that you had previously never considered before. And here is the best part — most other businesses within your industry won’t be doing it that way! So you will gain an instant advantage.
“It is unwise to pay too much, but it is unwise to pay too little. When you pay too much, you loose a little money; that is all.
When you pay too little, you sometimes lose everything. Because the thing you bought was incapable of doing the thing you bought it to do.
The common law of business balance prohibits paying a little and getting a lot. It cannot be done.
If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that, you will have enough to pay for something better.”
– John Ruskin 1819-1900
It is interesting that the world’s largest beverage company is still producing cans with Bisphenol-A. Commonly known as BPA, the chemical is used in many plastics that have been found to leach into the liquid contents. The FDA discovered it could cause many medical problems including cardiovascular disease, liver disease and diabetes.
Many organizations have recalled products using BPA – but not Coca-Cola. Don’t get me wrong – I am not anti-Coke per se.
What interests me is that it’s taking the shareholders pushing a resolution to encourage the company to remove BPA from Coke cans. There can be only one conclusion as to why Coke is lagging the industry with regard to BPA…
If you are interested in this subject, check out this site for a list of 2010 Shareholder Proxy Resolutions, where the shareholders are promoting changes in various companies via resolutions >>> and also a short description of Shareholder Activism >>>
By Sheryl Silva
We all have experiences when someone did something special for us, went beyond the call of duty or lifted our spirits when we needed it most. We call these experiences Magic Moments. Truth is, most Magic Moments go by and are not acknowledged or recorded and often times a mere thank you does not seem enough.
Our experience shows that what you acknowledge – you get more of. So when someone does something special for you, sending a specific note of appreciation and acknowledgement has them feeling very good – and encourages them to keep doing it. We call this sharing the magic.
Our organization is an education and training company. We would be happy to share what our policy is. The purpose of our organization is to demonstrate Leadership in action and we have systems in place at work that compliment the purpose. One such system, which has enhanced our working environment, is what we call “Magic Moments”.
Magic Moments System
The purpose of the “Magic Moments” is to optimize performance. The system is designed as a way of sharing any thoughts, feelings or actions that people around us do or say that make our day brighter, happier more cheerful and loving. It’s a way for team members to express their acknowledgement, feelings and support to other team members and themselves.
How the system works is, we have a form called “Magic Moments” with 19 different options (tick box format) of a good deed, action or expression such as:
- Spent time doing something for me
- Lifted my spirit when I needed it
- Demonstrated exceptional talent
There are 17 other options referred to as “Team Member Magic”. These also include expressions acknowledging ourselves such as, “I mastered a system today” referred to as “Systems Magic”. Team members can also write a few lines of their own to express their appreciation personally to another teammate.
One person on the team is nominated as the “Magic/Anti-Magic Moments” coordinator. When a team member appreciates another for something he or she did, they fill in a “Magic Moments” form addressed to the person and submits it to the coordinator who in turn will pass the form to the person for whom its meant. Copies are filed and at the end of each month, the person who wrote the most forms and the person who received the most forms are given a reward.
Similarly, we have a “Anti-Magic Moments” which are incidents, upsets or behaviors that are anti-magic (i.e. create an environment that is not safe, harmonious or happy) or actions that are in violation of the companies stated policies, values and procedures and interfere with productivity, orderliness and the perceived ability to do ones job well. It is also an opportunity for the team member to handle their side.
This system also comprises of a form called “Anti-Magic” with 24 different actions or expressions such as:
- Gossiping, blaming or directing abuse to another team member
- Abusive tone
- Reference to superiority (chauvinism, racism, sexism etc)
There are 21 other expressions referred to as “Team Member Corrections”. These also include “System Violation” such as “Directive was given to me by someone who is not my direct leader”. The procedure is again the same as the “Magic Moments”.
Everyone Is Included – No Exceptions
Both systems are across board for all staff with no exceptions to designations or positions held by individuals in our office. The beauty of the system is that we feel appreciated and supported when we receive a Magic Moment. That motivates us and boosts morale.
On the other hand, when an “Anti-Magic Moment” is received, the person is not yelled at or has his or her “head chopped off” because of it. Instead, the team supports the individual to realize his/her behavior and helps them to correct their counter-productive behavior within a safe environment.
The leaders in our organization have high regard, care and concern for each team member and give a lot of their time to support team members through the process of self-improvement when needed and more so appreciating us for things we do. These systems were created to ensure that each team member experiences a safe, fun and happy work environment everyday.
The organization invests in training all staff on how the system works which helps everyone to understand the purpose of the system and to appreciate it.
Each member on our team is committed to work by this system and it has contributed to us having great team spirit, high productivity and fun at work. Every one of us look forward to coming to work everyday, knowing we will be supported and appreciated for simply being ourselves.
We are thankful to our leadership for implementing this system, as it’s a joy for each of us to work in an environment that is safe, calm, serene and above all fun. My wish is for management of all organizations to implement such systems – as I can vouch for its effectiveness and success. The more “Magic Moments” – the higher the team morale, productivity and profitability.
Mazimo Magic is an online web based application that allows anyone to send appreciation in the form of “Magic Moments” with clients and colleagues and to identify “Anti-Magic Moments” that reduce service standards, disrupted team performance and caused reduced morale and lower productivity.
Best thing is, the Mazimo Magic Application keeps a record of every Magic Moment sent and received by you. This enables you to keep them as long as you want, review later, print or forward to thers etc.
Share the Magic, send a Mazimo Magic Moment now >>>
Leadership Development Solutions
The Goldzone Leadership Curriculum offers comprehensive, custom Leadership Development Roadmaps. Using the revolutionary New-Paradigm Leadership Model, participants master more effective tools, strategies and methods compared to the old style and traditional leadership models. High stress and low performance is replaced with optimum personal and organizational performance. >>> click here for more information >>>
© Goldzone Education. All rights reserved.
Most people can relate to being in the zone: Whatever you are doing is flowing easily and you feel like you are beyond space and time — pure magic. Then out of nowhere you are jolted out of the zone. The magic is gone. Your feelings shift from focused spontaneity to annoyance, irritation and possibly anger.
How does this happen? How can you go from being in the zone one moment to being angry the next?
This does not happen on its own. Someone did something that caused the magic-zone you were in to disappear. We call these incidents Anti-Magic, or Anti-Magic Moments.
Here is a short definition:
|Anti-Magic Moment||Anti-Magic Moments are any incidents, upsets or behaviors that are anti-magic (i.e. create an environment that is not safe, harmonious or happy), or actions that are in violation of the company’s stated policies, values, and procedures and interfere with productivity, orderliness and the ability to do your job well.|
These Anti-Magic incidents cause a lot disharmony in relationships, especially on teams of people working closely together. You could say that Anti-Magic works directly against synergy and is opposing the team’s stated purpose and direction.
Research has shown that Anti-Magic incidents are not chance occurrences, they are usually deliberate and sometimes unconscious behaviors of people who are working against you.
These people are more common than you think. Driven by competition, resentment and jealousy, Anti-Magic is used as a weapon to “bring you down to earth”, “put you in your place” or outright dominate you.
People who struggle to get in the zone, can (but not always) become jealous, and in order to feel better about themselves, sabotage you from your in-the-zone-moment.
Another example is the friendly colleague who is competing with you for a promotion or “top employee” award. If they feel they can’t beat you in an outright competition, sabotage will do. And if you confront them about this, they will say something like “Oh, I am sorry, I didn’t mean to do it.”
This is very costly to a businesses bottom line and can explain why some companies and teams only achieve a fraction of their true potential and seem to “snatch defeat from the jaws of victory!”
Now that you are aware of Anti-Magic Moments, and the next time you jolt out of the zone, look for who did what.
What would happen to your overall results if you had a system to identify Anti-Magic and to correct it, thus preventing it from happening repeatedly? More about that in a future article.
© Goldzone Education. All rights reserved.