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OWN YOUR OWN is an entrepreneurial empowerment project designed to teach how to start, grow, manage and profit from a business in Nigeria.
EMBRACE THESE IDEAS TO BE SUCCESSFUL.By Frontiers Consulting on Mon, 19 October, 2015 11:54:34 AM.
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Success just shows up your door, right? Not in most cases, for anyone who runs a successful company, it's always a series of smart decisions and attitudes that lead to success. Let’s take a look at 8 real reasons and the must not do in running a successful company.
Never get angry - To be a successful person you must learn to control emotions. You need to maintain decorum at all times. Anger is a way of letting everyone around you know you don't have control of the situation or your feelings. It's better to lead smart, lead with integrity, and save your emotions for the football game.Read More
TODAY'S ACTION BUILD TOMORROW'S TEAM.By Frontiers Consulting on Mon, 19 October, 2015 11:03:25 AM.
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As you think about the starters and the bench players on your team, recognize that the future of your team can be predicted by three things.
RECRUITMENT: WHO IS JOINING TEAM? Adlai E. Stevenson offered his advice:there are three rules of sound administration: pick good men, tell them not to cut corners, and back them to the limit;and picking good men is the most important. You cannot build a winning team without good players. When it comes to recruiting, there are really two kinds:you find the player for the position, or you find the position for the player.Read More
A NO-NONSENSE GUIDE,TEN GOLDEN RULESBy Frontiers Consulting on Mon, 12 October, 2015 06:04:49 PM.
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All successful businesses start with a great idea but, however brilliant it is,the idea alone is not enough.
This is a practical guide packed with business advice,which gives a clear breakdown of the key activities you need to do to achieve success.The sections can be used as a step-by-step guide or separately as standalone information.For example,if you are just starting out,have a look at the advice on how to protect your product;or pick a section that is most relevant to where your business is today.
These 10 Golden Rules have certainly worked for a lot of people and I am sure they will for you too.They are also designed to give you a core checklist from which to work and refer back to.Read More
IDEA SCREENINGBy Frontiers Consulting on Mon, 12 October, 2015 05:56:11 PM.
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Any company can attract good ideas by organizing itself properly.The company should motivate its employees to submit their ideas to an idea chairman whose name and phone number are widely circulated.The ideas to should be written down and reviewed each week by an idea community,which should segment the ideas into three group: promising ideas,marginal ideas and rejects.
Each promising idea should be researched by a committee member,who then reports back to the committee.The surviving promising ideas then move into a full-scale screening process.The company should offer payments or recognition to the employees submitting the best ideas.
In screening ideas,the company must avoid two types of errors.A DROP-error occurs when the company dismisses an otherwise good idea.It is extremely easy to find fault with other people's ideas.Some companies shudder when they look back at some ideas they dismissed:Read More
TAKE YOUR IDEAS TO MARKETBy Frontiers Consulting on Mon, 12 October, 2015 05:44:55 PM.
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Marketing is about attracting attention,inciting action.It's about keeping customers and prospects informed,letting people know about what you have to sell and doing so in a way that stands out from your competitors.
But how do you afford to fund this type of activity when you are a small, growing business?Many start-up entrepreneurs may have impressive marketing ideas, but they don't have the cash to match.For me,marketing is possible even on the smallest of budgets,particularly if you focus on word of mouth, which can cost nothing.If your product or service is outstanding,your customer service is exceptional and you deliver on your promises, your customers will do some of your marketing for you.They'll do this by recommending you to others,and recommendations are by far the best kind of custom.Read More
TIME YOUR START-UPBy Frontiers Consulting on Mon, 12 October, 2015 05:28:11 PM.
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Timing is vital in business.Knowing the right time to start your business is key.TIMING is a critical success factor an entrepreneur needs to flourish.
However,in business,TIMING is about a variety of key areas,not just about starting your business at an opportune moment.Remember though,that timing isn't an excuse to sit around or delay.You should also be action-focused.You should take the time to get your timing just right.Read More
WORST AND BEST MARKETING QUESTIONS SALESPEOPLE ASKBy Frontiers Consulting on Wed, 07 October, 2015 05:22:21 PM.
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Sales and marketing management recently asked purchasing managers what they think are the worst and best questions salespeople can ask. Here's what they said:
- Worst question: “What does your company do?”
"The worst thing salespeople can ask is for information they already know. Salespeople should do a background check on a company they plan to approach. There are plenty of sources for that kind of information. I don't have time to educate them on our products.”Read More
HOW COLGATE MADE $150M FROM ONE PRODUCTBy Frontiers Consulting on Wed, 07 October, 2015 05:00:13 PM.
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The growth of global brands for example,Colgate-Palmolive is well known for crafting global brands that sell as well in Manchester as they do globally.
When the company began preparing for the 1991 global launch of Total,its antibacterial plaque-fighting toothpaste,it took no chances.Read More
SOCIAL AND BUSINESS ETIQUETTEBy Frontiers Consulting on Wed, 07 October, 2015 04:26:42 PM.
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Each participant in the buying process has personal motivations,perceptions and preferences.These are influenced by the participant's age,income, education, job position,personality,attitudes toward risk and culture.
Some younger,highly educated buyers are computer experts who conduct rigorous analyses of competitive proposals before choosing a supplier.Other buyers are “toughies” from the old school and pit the competing sellers against one another.Read More
JAPAN OUT-BIDS AMERICA IN INDONESIABy Frontiers Consulting on Wed, 07 October, 2015 04:13:04 PM.
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Many business buyers prefer to buy a total solution to their problems from one seller which is called systems buying.This practice originated with government purchases of major weapons and communication systems.
Sellers have increasingly recognized that buyers like to purchase in this way and many have adopted the systems selling as a marketing tool.
The Indonesian government requested bids to build a cement factory near Jakarta.A U.S. firm made a proposal that included choosing the site,designing the cement factory,hiring the construction crews,assembling the materials and equipment and turning over the finished factory to the Indonesian government.Read More
3 TIPS ON PROMOTING YOUR PRODUCT ON SOCIAL MEDIABy Frontiers Consulting on Wed, 07 October, 2015 12:20:43 PM.
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A great product can generate a lot of talk on social media by being presented attractively for digital consumption as well as publication pages.Follow these three steps and help your products land on both:Read More
4 WAYS SUCCESSFUL PEOPLE BALANCE WORK AND THE REST OF THEIR LIVESBy Frontiers Consulting on Wed, 07 October, 2015 11:29:54 AM.
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s work-life balance a real thing once you become truly successful? While it's certainly the case that there are times and seasons for working ridiculously long hours,studies show that after a certain point,productivity drops off significantly.Employee output falls off a cliff after 55 hours a week,in fact,someone working 70 hours a week has the same production as someone working 55 over the long term.
Additionally,studies show that as we grow more tired, our emotional intelligence and decision-making abilities plummet.For this reason,truly successful people know how to balance their work and their daily life.Here are four ways that successful people find that elusive work-life balance and you can too:Read More
YAMAHA’S DOMINANCE OF THE GLOBAL PIANO MARKETBy Frontiers Consulting on Wed, 07 October, 2015 11:01:57 AM.
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When Yamaha controlled 40% of the global piano market,total demand was sliding by 100% a year.Rather than giving up on pianos, managers took a close look at customers and the product and found that the majority of pianos sit around idle,neglected and out of tune most of the time.
It seemed that many people owned pianos,but that few were playing them.People do not want to invest the time that it takes to master the instrument.Read More
PEPSI SENDS COCA-COLA PACKINGBy Frontiers Consulting on Wed, 07 October, 2015 10:06:14 AM.
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After Coca-Cola was asked to leave India,Pepsi began to lay plans to enter this huge market.Pepsi worked with an India business group to seek government approval for its entry over the objections of both domestic soft-drink companies and anti-multinational legislators.
Pepsi saw the solution to lie in making an offer that the Indian government would find hard to refuse.Pepsi offered to help India export some of its agriculture products in a volume that would more than cover the cost of importing soft-drink concentrate.Read More
7 LESSONS FOR KEEPING YOUR DAY JOB WHILE STARTING YOUR BUSINESSBy Frontiers Consulting on Wed, 07 October, 2015 09:29:59 AM.
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Keeping your day job while starting a business has its advantages.Aside from the steady income and free coffee,reliable full-time work helps you flesh out your résumé and portfolio and extend your professional network.Even better,working for someone else gives you a front-row view of the best (and worst) ways to run a company,from managing time and money to handling customers and employees.
These are lessons learned from some successful entrepreneurs who founded companies while holding down a 9-to-5.Read More