Business Opportunity – Ways to Build Strong Relationships in the Team

When we choose and work on a business opportunity, we gradually learn the process of working and dealing with different kinds of people. We build teams to work on achieving goals and form strong bonds.

Building relationships in a team is an ongoing process. We consistently learn to improve in building cohesion in the team. A strong team ensures harmony at work environment, helps in achieving success, and it maximizes the revenues. Thus, it can be said that the key to a successful business lies in building a strong team.

Creating a Strong Team:

Creating an excellent team involves participation of the different members of the business with their levels of skill and abilities. You need to fit them in a team which matches their capabilities and motivate them to achieve the preset goals.

Everyone in the team follows certain policies so that they understand their work and their responsibilities. When everyone understands their responsibilities, the chances of success of business opportunity will be really higher.

Building strong relationships in Team

Let us look at the following lessons on building strong relationships in a team to achieve the business goals:

The first lesson for building strong relationship within the team is by making everyone aware of the objectives and goals. A team can disintegrate if the members are not here about their roles. Neglecting the importance of the clear-cut objectives in the team leads to confusion and frustration among team members.

Second significant lesson for building strong relationships is team bonding. That will tend to prevail when the members are motivated to achieve the success together. Rather than building own individualistic purpose, clear cut focus is required which in turn helps in preventing selfishness.

Third significant lesson is to ensure that team members understand the importance in being accountable for their actions. The team leader as well as the team members should take the responsibility for the team success as well as failures.

Benefits of Team building:

From the above, we can learn that building strong relationships in a team can produce a number of benefits.

o Team building increases the productivity as everyone works together towards a common goal, without factions or any other divisive elements.

o Team building helps in creating an atmosphere of energy, trust, confidence, energy and creativity.

o Team building results in the accumulation of ideas and results due to more participants. New strategies and organizational planning policies can be developed based on discussions.

o Team building helps people to from a personal bond and it builds a certain amount of rapport. People become more tolerant and are able to work in an amicable way through different situations.

o Team building benefits the business opportunity as it leads to increase in sales, lower costs, higher turnover and less absenteeism as people become more conscious of the team results rather than individual benefits.

A team-oriented enterprise will not only prosper but will enable the people in the business opportunity venture to produce sound results and the cohesive efforts will promote the business abundantly.

How To Make Money By Finding Your Abundance

There is an ancient saying about abundance and it goes like this, “From abundance he took abundance and abundance remained.” If you are living in scarcity with the bills piling up this may sound like a fairy tale, but I assure you it is possible. I was as skeptical as anyone in the beginning, but eventually I saw the light. Let us examine your natural abundance together and see if I can change your mind or at least add to your options.

Our Universe, Your Universe

The following quote is attributed to Einstein and is part of a larger article he wrote on the nature of our universe, “The most important decision we make is whether we believe we live in a friendly or hostile universe.” If I might take a little liberty with his quote and reword it for our purposes here I might say, “The most important decision we can make about our world is whether we believe we live in an abundant universe or a universe full of scarcity.”

You may have noticed my statement contains a bit of a contradiction. How can a universe without abundance be full of scarcity? Did I say fullness and scarcity in the same sentence? Commonsense tells us they don’t exist together; emptiness goes with scarcity and our senses agree. Who can see the end of the universe? How can we count the drops of water in the oceans? What are the heights that mankind can attain? No one knows the answer to these questions. These and many other things are too great for us to know. I would even say they are too abundant to count or measure. We live in an abundant universe, but many people live only in a small corner of it.

There is no scarcity in the universe, only scarcity in our thinking and scarcity thinking creates scarcity in our personal wealth. Change your thinking and that changes your actions and those new actions change your results.

Where Are You Mining?

So you might be having a bit of financial trouble these days, it happens at times to all of us. Perhaps you are doing pretty well, but you want to do better. In either case my question is, “Where are you mining?” Where are you digging for financial wealth?

You might think of your cash flow as being like rich ore moving along on the conveyor of a mine as it head to the market place. When the ore is flowing out of the mine you know the miners are mining in a place where there is an abundance of ore. When the ore stops flowing you know they are mining in a place where ore is scarce, even nonexistent. If your cash flow is scarce then you are mining in an area of scarcity in your life. If you want to increase your cash flow and income you have to move your mining equipment and your efforts to a place of abundance.

Abundance In The Marketplace

One of my businesses is a vending business. When I started it didn’t take me long to learn without people you don’t have much of a vending business. If you want to reap financial wealth through vending you had better be mining where there are hungry people with a few coins in their pockets.

After I had placed all of the vending machines I had bought to start my business, the next step I took was to start moving the under performing ones to better locations. When I looked for new locations the first thing I looked for was hungry people, lots of hungry people. Just moving a few vending machines to better locations with more hungry people nearly doubled my income with the same number of machines. I was mining in a richer area and it made me richer.

When we are vacationing in the Smoky Mountains there is a fast food restaurant just beside an attraction my wife and I go to when we are in the area. It is a big attraction and it is always full of people with people standing in line to get in. Guess what else is always full with people standing in line? It is that fast food restaurant nearby. I seriously doubt they do any advertising. I have seen lines of people standing outside the building waiting to get in and spend their money while it was pouring the rain. The attraction does the advertising and the restaurant just opened where the mining was good, it was excellent in fact.

There is no guarantee that if you build it they will come. However if they are already coming it is a good place to build.

If you want to reap abundantly then match your skills or products with the marketplace. Look for people that are “hungry” for what you have or do and look for lots of them! All things considered, one hungry client is good, but two are better and if people are standing in line to get in you are seeing abundance in action.

We All Have Areas Of Abundance And Scarcity

Baseball fans know that Babe Ruth was one of the greats in baseball, but how do you think he would do in a Double Dutch Jump Rope Competition? I would imagine he would do poorly. Why would Babe Ruth be such a great baseball player and such a poor Double Dutch Jump Rope competitor? Because when he was playing baseball he would be mining from his abundance, but competing with a jump rope would most likely be an area of scarcity for him and his results would reflect that. I doubt Babe was any good at needlepoint either, but he didn’t have to be. Babe could buy or hire anything wanted because he was good at playing baseball and good at mining his abundance.

You may not realize it, but in this respect you are just like Babe Ruth, you have areas of scarcity and areas of abundance.

You might be thinking you were never good at sports. That might be true, but after decades of working with people I am convinced there is something you are good at doing or something you could be good at doing if you had a chance. The chances are excellent that there is something you could excel at doing. If you don’t know what that thing is then put on your walking shoes and start hunting.

Finding Your Abundance

My oldest son hates math. I now realize it is because of a certain teacher he had in grade school, but it is a little late to do anything about it now. From the fifth grade on his math grade was always the worst on his report card. On the other hand he loved to read, he did well in his English classes and loved classic literature.

Here is a funny thing about that, he was poor in math, but he could tell you the year Mary Shelley published her novel Frankenstein (1818) how many copies were printed the for the first edition (don’t ask me) the year of the second edition (1823) and the year it was revised and reprinted (1831). What is strange about that? All of that information has to do with numbers. You know, numbers as in math.

My son couldn’t remember the first digit of the number for pi or for that matter how many pies were on the kitchen table, but he could remember any number when it pertained to something that interested him. It may sound strange, but he isn’t any different than the rest of us on that. If we are interested we are engaged and that includes engaging your mental faculties.

Your talents will be found where your interests are.

My youngest daughter really struggled in school. It wasn’t because she wasn’t talented, it was because she wasn’t interested. If she had struggled as hard to do the school work as she did to get out of doing the school work she would have broken academic records. Yes, her mother and I became the homework police and it seemed she was always in homework jail.

Years later she went back to school in the medical field where she was in competition with this other young lady in the class for top honors. On one test this other young lady would make the highest grade in the class and then on the next test my daughter would get the highest score. How could that be? Was this the same girl that hid her report card from her parents every grading period?

I looked her over and decided this really was my daughter, but now she was mining in an area of her abundance instead of an area of scarcity for her. What made the difference? She was interested in her medical training and had a desire to do well. Her interest had created her abundance. This girl that couldn’t spell whale in school could now spell the names of bones I didn’t know we had and tell you how they are connected!

Make a list of things you like, things you like to do, things you enjoy, things that interest you. Take a few days and make a pretty complete list. Now put some thought into how you could incorporate a few of those things into something people will pay for. Maybe there is a way that already exists to do this. Maybe you will have to create your own way to do it and if that is the case imagine that too. Do this several times with several combinations of your interests and likes. One combination will soon stand out as a way to serve a number of people for an abundant amount of money. If you need money, training, schooling or certification to do it, then go out and get it!

I had lost my job when I started the vending business. I had to borrow the money to start it. I went to a banker with the numbers I had come up with on the business, but I had no collateral and not much of a credit history. The banker looked over the numbers and said this, “If you have the numbers, you have the money.” He meant if the project would pay out he would loan me the money to do it; it was only a matter of working out the details.

I am saying if you have the interest, then you have abundance; it is only a matter of working out the details.

The Deciding Vote

I have a favorite quote from Henry Ford and it goes like this, “Whether you think you can or you think you can’t, you are right.”

You decide if there is abundance or scarcity in your life, you cast the deciding vote. I can understand if you doubt it, but I assure you that statement is true. In 2006 I met a poor young man that would not take no for an answer and I returned five years later to see him prospering in one of the poorest countries in Africa. What was different about this man that gave him abundance in a land where so many have so little? Certainly not his circumstances, his father died while he was young, he had no formal education, he supported his mother and sister and the first time I saw him he had only the clothes on his back. Five years later he had a chain of small stores, a house better than most and a car to drive. The reason? The man cast his vote for himself, believing that abundance for him was possible and equipped with that knowledge he went to work finding a good place to mine.

For goodness sake when it is time for you to vote, vote for you and your success!

The Law Of Attraction

You hear a lot about attracting wealth. I agree that you can attract wealth, but I find it is a bit different than commonly advertised. You don’t just sit on your couch and think about wealth. Do that long enough and they will come and get your couch!

We don’t attract what we want, we attract what we are.

If your nature is a begrudging one and you are convinced that you are doomed to a life of scarcity guess what you will attract? You will attract only more scarcity with a side helping of doom and gloom. Think about it, given a choice would you promote a person like that? Who would you want to work with or spend your money with, the person that is cheerful and thinks abundantly or the person that thinks there isn’t enough to go around, spreads doom and gloom and barks at anyone that suggests the sun might shine? The cheerful and positive person wins in that contest every time.

Think abundantly, act abundantly, serve with abundance and you will soon find more abundance, since you attract what you are you will literally attract it. Live abundance and you will attract abundance. Show a little persistence, since it takes the mail a little while to deliver, but it is on the way!

Here is a verse from the good book on attraction:

Luke 6:38 KJV

Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again.

What To Do To Find Abundance

My father would sometimes come home with these delicious wild mushrooms. Where did he get them? He found them in the woods. How did he find them? He looked for them. He found a lot more of them when he looked for them than when he didn’t look for them. I find that works with everything.

Look for your abundance. Start with your interests and your hobbies. Maybe you like people. That could be worth six figures in income or even more as a salesperson. You could make a very good living mining your desire to help people by helping them find the exact thing they are looking for through sales. It could be worth the same in the medical field helping people recover from illnesses. People pay for people to help them, that alone is enough for me to like people!

Have you ever heard of someone that had a million dollar smile? For a movie star or a politician that smile could be worth a million dollars, even millions of dollars, but if they never mine it and stay behind closed doors that rich ore will never get to market. Where are you hiding your fortune? What million dollar interest or talent do you have that you are hiding away while you scrape by financially?

Happiness Pays

Surveys indicate that about 70% of Americans don’t like their jobs. The number is similar in other modern countries. How much abundance do you think these people will find in a job they don’t like? I wondered about that and found other surveys that indicate the people that are the happiest in their jobs are some of the highest paid people in the workforce. I know there are people that enjoy their volunteer work or their low paying job where they can serve others and that is great, I am just saying that if you are looking for money we know that financial rewards and long term success goes along with happiness.

What To Do Next

So if you are looking for abundance what do you do next? Start literally living abundance and you will attract abundance. Be abundantly happy to help people and some of them will be happy to help you find abundance, not all, but enough. Believe in an abundant universe where there is plenty for you and you will see that is true. When it comes time to vote, then vote for you by believing you can do whatever task is in front of you.

Most of all, look for your abundance in your interests and the things you enjoy.

If you do these things I know I will soon be hearing your story of abundance.

3 Business Plans Every Entrepreneuer Must Have

I am mentoring small businesses and I am amazed at the ideas I read from the entrepreneurs I have the pleasure of meeting.

Unfortunately, not many have well laid out business plans and most use the Internet for planning.

A big percentage of the documents they use from the Internet are impressive, but what they do not understand is that one cannot use a business plan tailored for another region of the world to fully execute his specific business.

Business concepts are similar universally, but execution and sustainability differ depending on one’s environment and market.

The business plans I have read display glorified projections and their market analysis clearly depicts great profit.

In short, one look at a business plan will tell you that some issues have yet to be thought out clearly. For example, competition, risk, challenges and so forth.

Before embarking on your venture, draft at least three business plans.

Individual

This plan is the truest of them all. I refer to it as the naked business plan. It covers almost everything including risk and possibility of failure. No business life lesson can be complete without a discussion on risks and risk management and no business can be started without embracing risk.

Risks are inherent in everything we do – business risk management is the key to ensuring risks are identified and a plan-B or C thought out. Some risks we can control while others we cannot.

This plan should cover who you are as an individual, what your honest strengths and weaknesses are and how you will handle stumbling blocks or closure.

It should address questions like; Can you persevere through tough times? Do you have a strong desire to be your own boss? Do the judgments you make in life regularly turn out well? Do you have an ability to conceptualise the whole of a business? Do you possess the high level of energy, sustainable over long hours, to make a business successful? Do you have specialised business experience?

Financial projections in the plan should cover, at the very least, five different modules. You should work on the plan yourself and get prepared for any outcome.

Investors

I like to call this the headlines business plan. You only have one shot at getting investors – make the best out of it.

This is a plan that shows what team you will be working with and how you plan to invest to make money for investors. Show a well laid out plan that includes short and long term financial gains.

The confidence, coupled with experience, shown in this document will determine whether you get the initial investment you seek.

Financial projections in this case can be three to five years. They are there to show sustained profit. You should not glorify the plan nor try to get a lot of money for the start-up.

You must mention what your competition is and how you plan to create your own niche market – having a business plan that does not have a thorough SWOT analysis could raise the red flag. You might end up not getting financial support.

Pick the right team, get professional advice, try to separate your product from the rest in order to achieve your own niche.

Do not spend too much money. Most people think that having a lot of money is fundamental in starting a business. That is a fallacy – you can make a lot out of very little.

Universal

This is the plan that you started out with – the ”sitting research” through which you came out with pros and cons of the venture. The plan that has been developed from different Internet searches to better understand what you will be dealing with.

This is the longest business plan. This plan has a lot of data, but you should sieve out information that is irrelevant for your business. Without this plan, it is difficulty to cover everything that needs to be covered in your proposed venture.

Starting a business is not for everyone, but great planning initiated through a solid business plan will always bring in the results.