BNI Archives - Page 6 of 7 - Dr. Ivan Misner®

You Are What You Attract–Attitude and Networking

Last month, I had the opportunity to spend some time with Frederick Marcoux, one of Australia’s foremost experts on building business through referral marketing.

I have known Frederick for years and one of the things I’ve always admired about him is that he has always exuded a remarkably positive attitude, regardless of any given circumstance or challenging situation that may arise.  I was mentioning this to Frederick and he smiled (of course–what else would you expect from an endlessly positive person?) and explained his belief in the concept that “you are what you attract.”

In this video, Frederick and I discuss how your attitude, whether it be positive or negative, can have a very real impact on the results you get from your networking efforts.

After watching this short video, please leave a comment–what have you experienced in regard to the impact attitude has on networking? 

BNI Business Index 2nd Quarter Findings–Leaner and Meaner!

The BNI Business Index is a website that was created to consistently gauge the ever-changing economic state of business based on quarterly global survey results of retailers, service companies, and manufacturing companies all around the world.


The statistics gathered from the survey results are intended to keep small business owners, entrepreneurs, and companies, as well as the media and the general public, educated and informed as to the changing state of the global business economy and the current business trends that become apparent over time.

The findings for the 2011 2nd Quarter BNI Business Index are in and they continue to look promising. Over 1,700 people responded to this survey and for the third quarter in a row, we see a rise in the index relating to how business is doing today compared to a year ago. According to the survey, 70.4% of the respondents believe that business is growing (58.1%) or growing substantially (12.3%) compared to this time last year. Only 5.4% felt that business was declining (4.6%) or declining substantially (.8%) compared to this time last year.

This quarter there were four themes that seemed prevalent:

– Being Leaner & Meaner
– Networking
– Having a New Focus
– Government Regulations

One survey respondent best summed up the “leaner and meaner” theme by stating that his business was  becoming “leaner, keener, and meaner!”  Another person stated that they had “adapted to the business environment and things have ‘stabilized’ as a result.”

Get the full 2011 2nd Quarter BNIBusinessIndex.com Survey Report by CLICKING HERE.

TAKE THE CURRENT BNIBusinessIndex.com Survey by CLICKING HERE NOW and GET A FREE 6 MONTH SUBSCRIPTION TO NetworkingNow.com!!

How’s Business For You in 2011?

BNIBusinessIndex.com has had a facelift.  Check out the new site.

This is a website that gauges the pulse of entrepreneurs from all around the world through a very simple quarterly survey.  If you have a few minutes, look at the site and take the current survey.  It only takes a couple minutes (really)!

To take the current survey, CLICK HERE.  Note – you can get a FREE copy of one of my books (some rules apply) by taking the survey.

When you check out the site, please leave a comment here about what you think of the results from last quarter and how you think the results for this quarter might change from last quarter’s results.

Sick of Politics and Power Trips?—You Might Be an Entrepreneur

BNIBusinessIndex.com has released its worldwide business survey findings for the first quarter of 2011.  Almost 1,500 business people participated in the survey—people from every populated continent around the world—and the results (see graph on the right)  indicate that, overall, the global economic state is improving.  69.4% of the respondents for the first quarter of 2011 feel that business is growing or growing substantially (compared to this time last year).  This number has increased since the prior BNI Business Index Survey which was conducted during the last quarter of 2010—respondents to this same question at that time weighed in at 67.8%.

Furthermore, half of all business people who took the survey (see the pie chart below) for the first quarter of 2011 (50.2%) said that they would, or possibly would, be hiring people over the next few months.  The retail sector (not shown here) responded with a strong 61.2% to this same question.  This is definitely good news for the global economy and certainly a move in the right direction for the recovery.

What was most interesting in this survey however, were the hundreds of comments offered up by business people and entrepreneurs around the world.

I’ve broken these comments down into six primary categories:

  1. Government Regulation
  2. Changing Target Markets
  3. The Credit Crunch
  4. The Yo-Yo Effect
  5. Natural Disasters
  6. Creative Responses

Government Regulation
Frustration relating to government regulation was adamantly expressed by many respondents and this topic was commented on by more people than almost any other.  A particular comment from one of the survey respondents summed up the frustration best.  This business owner said, “I’m tired of politics and power trips!”

This type of frustration was mirrored by many individuals who complained forcefully about “tax increases killing business . . . serious government intervention . . . the loss of tax credits . . .  mismanagement of government programs . . . and serious regulation.” It’s significant to note that these complaints were not limited to simply one or two parts of the world; on the contrary, these comments were echoed by entrepreneurs based on virtually every continent.  Business owners everywhere unanimously expressed great frustration with taxes and government intervention.

Changing Target Markets
The need to change one’s focus in the marketplace is another theme that cropped up in the recent survey responses.  As one respondent put it, “I’ve changed my target market to one that has both a greater need and a willingness to do something differently.”

Another entrepreneur said, “(Although) business is growing, the comfort zone of (keeping) a client has been lost.  There is a feel of uncertainty for business in the next quarter. The style with which the world does business is changing fast.”

This respondent went on to describe how some businesses are tweaking their target market in order to add on new “market segments” for additional revenue streams.

The Credit Crunch
Many observations were made about the credit crunch.  One was a complaint that seriously resonated with me.  The respondent stated, “I have great credit but Amex has still dropped my credit line by more than 50% in the last two years!!! It’s hard to run a business without a proper credit line.”

Another business owner said, “(There are) still not enough cash reserves or (enough financing) from banks” to support the business.  One individual put this a little differently, stating: “This is just another (line) in the chorus of ‘it is really hard to get loans.’ We tried to get a business loan and got rejected despite great credit because of our lack of a track record. We are only three years in business and were not considered a good risk. Instead, we are taking out a personal loan and will be lending the money back to the business ourselves. Strange but true.”

The Yo-Yo Effect
Many entrepreneurs spoke of the Yo-Yo like market place—business starts looking up and then things slow down.  Things start to go up again, only to fall back down the following month.

One person said their “billable hours more than doubled late last year” only to see them drop during the first quarter.  They went on to say that things are moving upwards again.

Another respondent said, “The adjustments and contractions are still occurring and it has naturally forced many of us to change and adapt. We’re not out of the woods yet.”

Natural Disasters
The long series of natural disasters have been a big issue mentioned by many entrepreneurs.  In North America, one person lamented, “My area has been getting pounded with snow, more snow, sleet, and freezing rain which has certainly had an impact on store traffic.”

A survey participant from New Zealand said, “Business here is incredibly tough, particularly since the earthquake – everyone is traumatised and there is a ripple effect through to all corners of the country. However, we are a resilient bunch, and there is an amazing ‘can do’ culture here- so we will overcome this tragedy.”

Many people from Australia wrote about the flooding in Queensland and challenges created because of weather in the country that has dramatically impacted their business.   One respondent stated that the natural disasters in the country have made “people much more reluctant to spend money on services that they perceive aren’t absolutely necessary.”

Creative Responses
Despite the obvious anxiety that exists, many entrepreneurs were hopeful.  People said: “There is greater optimism out there, it is noticeable with clients and prospects . . . since I’ve spent much more time networking I’ve felt the results more than double.” One person said, “I am on track to match last year’s revenue in the first quarter of this year!!!”

Another individual stated, “Consumers are willing to start spending more . . .” He went on to say that he has really focused on building a stronger referral-based business.  He said, “What was good enough three years ago is not good enough today.  This recession has motivated me to get better.”

The following statement from one particular respondent sums up the situation well: “I believe that it is important to not get caught up in what you are being fed. That doesn’t mean hiding your head in the sand, but not getting caught in the hype. Things are always changing, so stop and think how you can be a part of it. Reinvent yourself if you can, or think outside the box. Refusing to participate in the recession and looking to where you can grow are important strategies. If you don’t get caught in the negative (aspects) of change, sometimes you can see opportunity.”

Despite some of the written responses expressing negative perceptions of the economy, the survey results are promising.  With 69% of the respondents saying that business is better today than a year ago, things definitely appear to be moving in the right direction.   Now, if only the government and the environment would cooperate!

What are your thoughts about the results of this survey???

Also – take the 2nd Quarter 2011 BNI Business Index Survey Here.

___________________________________________

Disclaimer:  The views expressed here are based on survey results from BNIBusinessIndex.com.  The data, information, opinions, and comments documented here are not necessarily the views of BNI, its franchisees, members, or this author.

Calling All Business People!–Help Define the Current State of the Global Business Economy

Last month I announced that my company recently created a “business index” to consistently gauge the ever-changing economic state of business based on quarterly global survey results of retailers, service companies, and manufacturing companies all around the world.

The statistics gathered from the survey results are intended to keep small business owners, entrepreneurs, and companies, as well as the media and the general public, educated and informed as to the changing state of the global business economy and the current business trends that become apparent over time.

The first BNIBusinessIndex.com report was published last month and, based on survey results gathered from the participation of over 5,000 businesses across the globe, the report reveals important, accurate evidence that the global economy is improving (click here for full details on that report).

The next worldwide report will be published in April and it will be based on results from a new survey which is currently being conducted on BNIBusinessIndex.comI encourage all readers of this blog to take a few quick moments to answer the four simple questions in the current survey. Your participation will play a very important part in obtaining an accurate assessment of the state of business around the world–as I often say, you may not make a world of difference but you can make a difference in the world.  So, please, take this opportunity to stand up and make your voice count.  Your input will truly help to define the current state of the global economy, information which serves as a valuable resource to businesspeople in every part of the world.

Please click here to take the current survey now.

I extend my sincerest gratitude to all of you who take the time to participate in this important project.  On behalf of businesspeople and entrepreneurs everywhere, myself included, we are extremely grateful to you for your invaluable input.

No Faux Pas in India!

I’m headed to India this week to speak for BNI in Mumbai and Bangalore.  I look forward to meeting many people and having the chance to help them increase their business through referrals.

I’ve traveled to dozens of countries to speak and teach my philosophy of Givers Gain® in business. However, this is my first time to visit this exotic country. I’ve discovered that it is very important to get “briefed” by others before speaking around the world. I learned the hard way in one country during a public presentation that mentioning a woman’s “pants” actually indicates that you are speaking about her “underwear.” A story that talks about a woman’s pants, no matter how funny it is, doesn’t quite achieve the effect it’s supposed to when it’s told by a man and “pants”  means “underwear.”

Another thing I’ve learned is that using a specific phrase about tree roots in Australia or New Zealand can actually mean that you are talking about having sex. Who would have thought?! When I unknowingly used the phrase (in reference to tree roots–not sex) in the title of an article I wrote, folks in New Zealand and Australia began calling and e-mailing in handfuls to let me know of my blunder. On behalf of Americans everywhere who’ve used this phrase when speaking or writing to Australians and New Zealanders, I’d like to apologize.

In Sweden, there’s no expression for “word of mouth.” There, it is translated as “mouth to mouth.” Takes your mind in a whole different direction, doesn’t it?

And then there are hand gestures . . . don’t even get me started on talking about hand gestures! Suffice it to say, I’ve almost caused several international incidents by accidentally making the “wrong” hand gesture in some countries.

I’ll post a blog or two about my visit to India soon. But, before I go, help me out here would you please? Is there anything I should know about speaking in India? I’d really like to head back to the U.S. knowing for sure that the citizens of India are talking about something positive in regard to me . . . something other than me causing a public scene for saying or doing the wrong thing. 🙂

Wish me luck and, please, drop me a note here if you have any helpful information. Thanks!

International Networking Week 2011

Welcome to International Networking Week, 2011!

Take a few minutes to check out the video for International Networking Week® 2011, on YouTube!

The short, eight-minute video discusses the history and significance of this event which will be recognized across the globe February 7-11, 2011. It also explains a concept many networkers fail to recognize but which all networkers need to be aware of–the ‘networking disconnect’.

This is the fifth year for International Networking Week® and it is now recognized by many countries around the world, with thousands of events being held during the Week. One of the main goals of the week is to help businesspeople everywhere build their networking skills.

For additional information about International Networking Week, go to www.InternationalNetworkingWeek.com.

Also – you should know that this week is the birthday of www.Ecademy.com. Ecademy is my favorite online social media outlet for business. A big Happy Birthday to Penny and Thomas Power – the Founder and the Chairman for Ecademy!

Business is Looking Up for 2011

My company has recently created a “business index” to gauge the economic state of business based on global survey results of retailers, service companies, and manufacturing companies all around the world.

The statistics gathered from the survey results are intended to keep small business owners, entrepreneurs, and companies, as well as the general public, educated and informed as to the changing state of the global business economy and the current business trends that become apparent over time.

The January, 2011 BNI Business Index Report (based on the 4th Quarter of 2010) represents the first report published by BNIBusinessIndex.com.

Over 5,000 businesses from every populated continent in the world participated in this survey. According to our findings for the 4th Quarter of 2010, 67.8% of all businesses surveyed stated that business was growing or growing substantially compared to the same time the previous year.  Only 7.9% stated that business was declining or declining substantially.  Just over 24% of the respondents felt that business was flat during the last quarter of 2010 compared to the same time period one year earlier.

This appears to be very good news for the recession weary business community.  For more details on these and other findings, go to www.BNIBusinessIndex.com.

Take a moment to share with me how business is doing for you.  Do these findings track with your experience?  Let me know here.

How’s Business?

I’m taking a survey on how business is today compared to a year ago.Blog2010

If you have a few minutes, please answer these three short questions.  I’ll publish the results next month here on my blog.

Take the Survey Here

Use this link to pass on to other people so they may take the survey:

http://www.surveymonkey.com/s/BNIBusinessIndexDecember2010

The Handy Guide to Networking

I have just released my first e-book.  It is called The BNI Handy Guide to Networking and is available to the public for FREE.   The book includes topics such as: 6 Types of Networks Every Networker Must Know About, The Top 10 Traits of a Master Networker,  The 5 Most Common Networking Mistakes to Avoid, The Layman’s Guide to Networking Online,  Using Technology to Network Better , as well as other topics.

You may download the book for free by going to this link: The Handy Guide to Networking .

Download the book and comment here about what you found most valuable from the book to use in your business.

Don’t Give Up Five Minutes Before The Payoff

I received this story from one of my readers. I think it is a GREAT example of how networking is more about farming than it is about hunting. Don’t give up too soon. It  is all about relationship building, and that takes time!

In any endeavor, there is an objective in mind . . . a goal line to cross. When I first joined my networking group, it was to get enough referrals and closed business that I could make more money than the cost of membership. Being an investment advisor, I was made aware that the time horizon for a quality referral was the longest of any profession represented around the tables.

The first time I joined a networking group was in November, 2007, and even though that group eventually dissolved, I was fortunate enough to find a seat in another flourishing group in November of 2009. During the declining period of my first networking group — through its loss of charter, core group restart process and eventual dissolution — I was beginning to despair. I was approaching the two-year mark with no referrals, and my group was washing out from under my feet. My friends and colleagues started asking me, “What are you getting out of it?” Driving to one of the final meetings before my group disbanded, I was contemplating giving it all up. Then I remembered an affirmation from years ago: Don’t give up five minutes before the miracle happens.

Anything one believes must withstand self-scrutiny, so I really took a hard look at why I kept attending. The answer was simple: I believed it would eventually provide the results I expected. Additionally, there are other intangible benefits that are hard to quantify. My networking group provides a business education that is not taught in schools, and the larger bonus . . . it’s also the practice lab. I believe in systems. If you focus on the right systems, the results will follow. You (Ivan Misner) say networking is about “farming,” not “hunting,” which requires the nurturing of relationships in order for them to yield anything fruitful, much the way a farmer must attend his crops or orchards.

So the payoff? After two years and three months, I received my first referral from one of the relationships I built from my first group. The size of the account was four times what I expected, and since I work on a fee-based schedule instead of commissions, the income stream from this exceeds my yearly dues and renewal fees. One referral has and will pay for my membership in perpetuity.

Don’t give up five minutes before the miracle happens!

A True Givers Gain Achievement

In 1998, my wife Elisabeth and I co-founded the BNI-Misner Foundation, a nonprofit program supporting charitable causes. We created the foundation because we truly believe in the philosophy of Givers Gain, on which we founded BNI, our worldwide business networking organization. Simply put, Givers Gain means that if you help others, others will want to help you in return (think “what goes around comes around”).

Now, thanks largely to the generosity and kindness of BNI members and directors around the world who also believe firmly in the Givers Gain philosophy, as of May 2010, the BNI Foundation has contributed more than $1 million to charities around the world since its inception 12 years ago.

The foundation has a focus on children’s educational programs but allows donor-directed contributions as well. Looking back on the significant contributions the foundation has been able to make, I am continually inspired by the willingness of BNI members worldwide to give of themselves to help others. They made it possible to donate more than $100,000 to the 9/11 relief effort, $72,000 to tsunami relief, more than $25,000 for Haiti earthquake relief and tens of thousands of dollars for Hurricane Katrina relief. The foundation has built preschools in India, built preschools and a library and put tin roofs on schools in Indonesia, bought school uniforms for students in Kenya and stocked a library in South Africa with books.

Why am I telling you all of this?  I’m sharing these things with you because I truly believe that the more people genuinely give to others, the more successful they will be themselves. I fully attribute the worldwide success of BNI and its members (read some of their stories here) to this very concept. When you give to someone else because you want them to succeed, everybody wins, and you’re setting yourself up for success because the more good you do for others, the more good others want to do for you.

Starting this week, make a continuous effort to conduct your networking efforts, your business and your life with the philosophy that Givers Gain. Help people because you can and because you want to, and you’ll be amazed by the things you can achieve for yourself as a result.

To find out more about the BNI-Misner Charitable Foundation, click here.

Become a fan of the BNI-Misner Charitable Foundation on Facebook by clicking here.

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