Tag Archive | "business expansion"

Are you interested or are you committed

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Are you interested or are you committed


My son is very interested in playing golf.  He plays regularly, even in the winter when others are setting at home in the warmth.  He has a great game, plays daily, and spends time practicing.  He loves the game and has a keen interest in becoming better.

 

On the other hand, there is Tiger Woods.  Tiger is committed to playing golf.  He spends money and time to improve his game every single day.  He strives to learn something new to improve his game.  He knows that he is one of the best in the world and he knows that he can always learn more.  He has coaches that hold him accountable while he spends time and money improving his game.  That is commitment.

 

So are you interested in growing your business by referral, or are you committed?  

 

Common traits of those committed to a business by referral:

 

  • They regularly take the time to learn more about referrals

  • They practice what they learn

  • They have accountability coaches or partners

  • They implement systems in their business

  • They never make the assumption that they already know

  • They seek others who are working to do the same

 

Experts are committed to what they are doing, while amateurs are merely interested. Which are you? 

Hazel  owns and operates a franchisee of Referral Institute, a worldwide referral marketing training organization. As a Master Trainer, Hazel provides business-expansion expertise to entrepreneurs and corporations by teaching business professionals comprehensive referral marketing stratagem. In 2006, her franchise earned both the Top-Grossing Franchise award and the honor of hosting the Referral Institute International Conference.

Posted in Business 101, NetworkingComments (0)

How Much are You Spending on Your Professional Development

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How Much are You Spending on Your Professional Development


How often are you investing in yourself?  Are you taking trainings to make yourself better?  Stephen Covey says that you must “Sharpen The Saw” regularly.  Sharpen the saw equals sharpen your skills.  All to often Entrepreneurs spend so much time doing what they do but no time do they spend anytime at all “Sharpening Their Saw” . 

Training is one of the most important things that business people should do for themselves.  Here is a mathmatical formula to show you how much you should be spending on your training and education

Annual Income $,___________x 10% = Investment in your self improvement

I personally have invested ore than $100,000 in my expert ice as a Referral Expert with the Referral Institute.  How much have you spent on your self improvement?  This is not the place to cut your budget!

If you are going to be the expert in your field, you must keep your saw sharp or someone else will clear cut your forest!

Hazel  owns and operates a franchisee of Referral Institute, a worldwide referral marketing training organization. As a Master Trainer, Hazel provides business-expansion expertise to entrepreneurs and corporations by teaching business professionals comprehensive referral marketing stratagem. In 2006, her franchise earned both the Top-Grossing Franchise award and the honor of hosting the Referral Institute International Conference.

Posted in Business 101, NetworkingComments (2)

Word of Mouth is Always Working

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Word of Mouth is Always Working


People have to hear things and see things 7 times before they take action, so advertising is important and PR are very important to your business.   but I agree that word of mouth is a powerful way to build your business. It is ALWAYS WORKING, it may not be in your favor, but it is always working. 

Here are a few things to remember about word of mouth.

1. In order for WOM to work well for your company or you as a person, you MUST have a clear, concise message that others can carry easily and repeat to people they know. For instance, I have a friend who reviews property taxes for commercial buildings, if you are over paying then she will file an appeal and get you a refund of the over payments. That message is too long…here is the message that everyone carries for her….. Denise takes the pain out of property taxes, you should call her.  Simple, easy for others to remember.  Most business people have a muddled message.

2. WOM is the most dangerous form of marketing, in that you cannot control people. They may carry the wrong message or a negative message.

3. Word of Mouth is always working, it just may not be working in your favor. Negative WOM travels faster than positive WOM.  Dr. Misner discusses this topic in the book, Truth or Delusion.

I remind BNI members and Referral Institute graduates regularly that WOM is always working. It is important for them to keep the message simple, consistent, and positive. A great message backed up by poor service or a poor image is going to create Negative WOM.

Hazel  owns and operates a franchisee of Referral Institute, a worldwide referral marketing training organization. As a Master Trainer, Hazel provides business-expansion expertise to entrepreneurs and corporations by teaching business professionals comprehensive referral marketing stratagem. In 2006, her franchise earned both the Top-Grossing Franchise award and the honor of hosting the Referral Institute International Conference.

Posted in Business 101, Highlights, NetworkingComments (0)

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