Ivan Misner Archives - Page 18 of 22 - Dr. Ivan Misner®

Winning or Losing, Trying or Quitting

I met with my good friend Dr. Mark Goulston for dinner recently.  Casually, over our meal he said something that made me reach into my pocket and scribble it down on the back of one of my business cards.  He said:

We have much less control over winning or losing at something than we do over trying or quitting at something.

If you always try, you can eventually win.  If you always quit, you can never win.

I loved this statement and it completely resonated with me and what I’ve seen in relation to people being successful at networking or at anything for that matter.

When people give up (even in their thoughts), it’s ‘game-over.’  I’ve always thought that I may not be the most successful man in the room or the smartest man in the room, but I’m pretty confident that I’m the most persistent man in the room.  That commitment to “trying” has helped me succeed.  I think it is the one thing that consistently helps anyone have long term success.

The whole process must begin with the old axiom – if you think you can or you think you can’t… you’ll be right.

When have you seen this in your life or someone close to you?

Success Is the Uncommon Application of Common Knowledge

Have you ever wondered what it is you need to do in order to be successful?

In this video, I talk to Jack Canfield about what it takes to be successful and how I came to the conclusion that success is the uncommon application of common knowledge.

Take a look at this short video and let me know what you think . . . do you agree with this concept?  What are your thoughts on success and how to achieve it?

Go JackCanfield.com for information on Jack’s Inner Circle Club where you can watch the full video he did with me and many other experts.

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.

Eliciting Excellence Entrepreneur Expo 2011–FREE Teleseminar

I am pleased to announce that I will be participating in an educational teleseminar event which is being offered FREE of charge and hosted by Business Strategist and Executive Coach Michael Beck (pictured at right).

This online event, the 2011 Eliciting Excellence Entrepreneur Expo, will feature insights and strategies from 15 entrepreneurial experts (including yours truly) and I encourage all to attend who are interested in this free opportunity to learn about powerful income-boosting strategies, marketing insights, and personal effectiveness secrets to grow business.

The event begins on April 11th and runs for two weeks–Monday through Friday.  Each one-hour presentation will be packed with practical, useful content and will be available for 24 hours on its scheduled day.

CLICK HERE to learn more about the event and to REGISTER FOR FREE now (free bonus package of gifts is provided to those who register).

A Life in Leadership

Last week I had an opportunity to go out to dinner with Dr. Warren Bennis after his presentation at the University of La Verne.   It was a true pleasure to spend time with him in a small group.  Dr. Bennis sat on my doctoral committee at the University of Southern California and I had a chance to study under him for a brief period while I was there.

For those few people who may not know who Warren Bennis is, let me suggest that you pick up almost any major book on the subject of “leadership” and I can almost guarantee that Bennis either wrote it or will be quoted in it.

His latest book is called: Still Surprised, A Memoir of a Life in Leadership. I highly recommend this book to you. Bennis is a master story teller who teaches by telling interesting and relevant stories interwoven with tangible and applicable advice.

His presentation last week took me back to my graduate school days.  I sat in the audience at the foot of an icon in the field of leadership and I took copious notes as he spoke to the group.   Here are some of the things he shared in his presentation and at dinner later that evening which impressed me:

He started his presentation by stating that “an organization is not about the buildings, it’s about the values that are passed on.”  He shared four key values relating to leadership:

  1. Showing respect is very important.  In fact, it is critical for great leadership.  We forget how sensitive people can be.  Simple things like saying hello or thank you.  Making other people feel important.  These are small gestures that can yield great results.
  2. Admitting mistakes. If you make a mistake, say “’boy’ I screwed up, but I’ll make this right.”  Telling the truth about mistakes makes us stronger.
  3. Adaptive capacity (This was my biggest takeaway of the night!) He said that it is important for us to develop the contextual intelligence to deal with challenges.  NO, we can never conceive of all the potential problems in any given situation.  This means that one’s ability to adapt is truly an important key to being a great leader.
  4. You have to want it! Being in the role of leader is something you must truly want.  If it’s not something you are passionate about – you’re in the wrong place.  Also, it is important to abdicate your ego to the needs of the organization.

During the evening, he quoted a couple of characters from Shakespeare, the first being Glendower who said, “I can call the spirits from the vast deep.” To which the second character, Hotspur, replies, “Why so can I, so can any man.  But, will they come when you call for them?”

Bennis concluded by saying that a defining characteristic of great leaders is that they have inspired followers–people who are inspired to come when called upon by a leader.

Dr. Bennis, it was an honor to spend some time with you last week.  I sincerely hope our paths cross again.

For my readers – which idea above resonates most with you?  Oh…. and pick up this book.  It’s really that good!

Jack Canfield Talks about Why the VCP Process® Makes Sense

A couple of weeks ago, Jack Canfield and I did a one-hour interview where we talked about business networking and success principles.  In about a month, the video of the interview will be available to view on Jack’s website (www.JackCanfield.com) in the “Inner Circle” section.

In the meantime, I invite you to check out the 3-minute video above where Jack talks about some of what he picked up about networking during our interview and why the VCP Process® really strikes a chord with him.

A New Twist on a Simple Technique to Refer Networking Partners

If you’re a good networker, you know that by looking for ways to refer those in your network and referring them any chance you get, they’ll be anxious to return the favor and you will get more referrals as a result.

This video talks about how my friend Mohammad Favakeh, owner of Monte Carlo Chauffeured Transportation (www.mctlimo.com), has put a new and interesting twist on a technique which I’ve been recommending for years that makes it easy for people to refer their networking partners.

Watch the video and you’ll see how easy it is.  Really–all you need is a simple card file and it’s a great technique for anybody who wants to build their network!

Do You Want To Become a Best-Selling Author? Here’s Your Chance. . .

I’m working on a new project with Nick Nanton, Esq., The Celebrity Lawyer, which gives small business owners, entrepreneurs, and businesspeople around the world the opportunity to establish themselves as experts in their field by achieving best-selling author status.

We recorded a call outlining the details of the project last month and you can listen to the call for free by clicking here.  If you have ever been interested in becoming a best-selling author, I highly encourage you to listen to the call today as registration for participation in the project ends this Friday (3-25-11).

One of the reasons I chose to become involved with this project is because I firmly believe that being recognized as a best-selling author is a highly effective way for businesspeople to establish credibility as an expert in their field and drive business, and I wanted to be a part of an initiative that helps give people this opportunity.  I also think that Nick Nanton is the perfect person to partner with in a project of this nature because of his experience and his background in promoting hundreds of authors to best-seller status.

Nick is known as The Celebrity Lawyer and Agent to the top Celebrity Experts for his role in developing and marketing business and professional experts, through personal branding, to help them gain credibility and recognition for their accomplishments.  He is recognized as one of the top thought leaders in the business world and has co-authored 8 best-selling books, including Celebrity Branding You!®.  Nick has led the marketing and PR campaigns that have driven more than 100 authors to best-selling status.

If you’d like to find out more about this opportunity, listen to the free recording of the call. You will learn how you can:

  • Become a Best-Selling Author
  • Position Yourself Above Your Competition
  • Use Your Best-Seller Status in Your Marketing to Grow Your Business
  • Use a Book to Drive Traffic and Lead-Generation on Your Website
  • Repurpose Your Content to Get Business Even from People Who Don’t Buy or Read Your Book
  • And More

CLICK HERE to listen to the free recorded call now.

Great Opening Question

A good networker has two ears and one mouth and should use them both proportionately. When you meet someone in a networking environment you should ‘listen’ more than you ‘talk’ (especially if it is the first time you’ve met). Consequently, in books like The 29% Solution and Networking Like a Pro, I’ve written a lot about the kinds of questions you should ask when you meet someone for the first time.

Recently, I was at a networking event and, at the end of the conversation, someone asked me a question that no one has ever asked me before at a networking meeting. She asked, “What is the most amazing thing that has happened to you today?”

I love that question because it is so positive and unique.  It made me stop focusing on anything other than the question at hand and required me to be completely present in the moment because I truly had to think about what the greatest thing was that had happened in my day so far.  At the time, I shared what came to mind with the woman who asked me the question.  However, it’s interesting to note that today, many months later, what I remember most is that question . . . not whatever “amazing” thing happened to me that day.

If you have a great opening question, I’d love to hear it. In the comments section, share a stand-out question that you, or someone you’ve met, has asked at a networking event.

Developing Your Target Market

 

Building your business is all about leveraging your strengths within the context of your prospects’ needs, then networking with as many of those people as you can.

The most successful networkers have developed a thorough strategy planning process. Key aspects of this process include: identifying the major components of the broad, deep network you hope to establish; studying the different types of networking organizations and how they fit into your overall strategy; and identifying the types of businesspeople that make up your target market.

There are also some subsequent aspects of the process that are extremely important to note. The first of these is directly related to you: how do you fit into your own strategy? Second, where will you find the people you want to interact with and make part of your network?

To start, let’s identify some of the strengths and skill sets that you bring to the table as a business professional. I’ve discussed these before but they are no doubt worth repeating as answering these questions truthfully and thoroughly will really help you discover important things about yourself.

  • Are you a “people person”?
  • Do you enjoy public speaking?
  • What kind of professional background did you have before starting your business?
  • How long have you lived in the area where you do business?
  • What other natural skills do you have (such as time management, staying organized, keeping clients focused) that don’t fall directly into your business expertise but are valued by people?

Once you’ve got these answers written down, ask yourself, “What group of people or target market is best suited for my services?”

Follow these steps and you will build a great foundation to ‘start’ understanding and developing your target market.

Business Networking “Coaching” Videos

One thing most businesspeople and entrepreneurs have in common is that they’re usually very busy and tend to have little time to spare. Their busy schedules often create challenges when it comes to making time to educate themselves on building valuable business skills such as networking.

This is why Entrepreneur.com has created the Coaches Corner, a highly convenient educational resource offering extremely brief educational videos on topics like networking, social media, marketing, starting out, managing employees, funding, and business planning.

The majority of the videos are under three minutes long and packed with helpful tips from experts whom Entrepreneur.com refers to as “some of the brightest minds in the biz.”

I’m honored to say that they’ve asked me to participate in this project and I’ve recorded a number of powerful educational videos on networking including:

Check out these videos for quick, instantly usable tips on networking and feel free to share the links with all those in your network!

Let me know what you think here on my blog.

Preview of Business Networking and Sex Book

Last week I posted a blog asking all BusinessNetworking.com blog readers to take a short survey relating to the book I’m currently writing with Frank De Raffele and Hazel Walker about gender and networking.

The book won’t be released until early next year but I’ve already received several requests for more details in regard to what the book is going to be all about.  In light of that, Frank, Hazel and I decided to make a short video for those who are curious to learn more about our upcoming book.  The video is only a few minutes long and you can view it by clicking on the link above.

I’d love to hear what you think of the concept of the book, or even of just the video, so please feel free to leave a comment.

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