0

Defining Immediate Plans

Rooster was doing well with his business. It was at the beginning stages and he felt in control of everything. One thing he felt he needed was to define some immediate plans. The next few months he wanted to boost sales and make some changes so with the help of his friend Pig the two made some plans in a weekly and monthly schedule. Now when he was asked about the future of his business he had something to crow about.

Lesson: This lesson is inspired by the Rescue a CEO Post “What is the Most Important Part of Business?

0

Do Your Homework

Upon getting his business of the ground, Fox was eager to push it ahead at full speed. Asking Rabbit for his advice he discovered that he was actually doing something right – research! Fox had his nose in books for the last week looking over figures and ideas to help his business. Doing his homework would definitely give him the advantage in the long run.

Lesson: This lesson is inspired by the Rescue a CEO Post “Tips on Starting a Business Fast and Successfully

0

Scheduling When You Have the Most Energy

Turtle wanted to make the post of his time. He tried a few things but realized if he scheduled the most important tasks around when he knew he had the most energy, which was the afternoon, he could get more done and save time.

Lesson: This lesson is inspired by the Rescue a CEO Post “Tips to Maximize Your Time

0

Select a business that has little overhead

The Rabbit’s son was getting ready for class but first he went by his business professor’s office to ask him his thoughts on starting a business on campus. His professor said, “One of the things that you need to remember is to start a business that has very little overhead to test out your idea. Once you have a good and viable business model, scale rapidly. I understand you of all people want to move fast, it’s in your genes, but just get down your business model then scale.”

Lesson: This lesson was inspired by the Teach a CEO post “10 Tips to Starting A Successful Business During College.” Just like the Rabbit’s son learned, in business and especially in college it is important to reduce overhead until a sustainable business model is established.

Image courtesy of piyato / FreeDigitalPhotos.net

0

Innovation is sometimes a result of desperation

A crow was flying through the desert. He realized he was so thirty and may not make it much longer if he did not get some water. The crow flew around hoping to find anything that could relieve his thirst. Finally, the crow found a pitcher that contained a few drops of water. Knowing he would die, if he could not get those few drops of water, the crow was determined to get it somehow. He looked around for some rocks and collected enough to place into the pitcher. He then was able to bring the water up enough to take a few drinks. Without thinking about how to get water, the crow would have suffered from dehydration and ultimately death. Since the water was a necessity, he was able to invent a way to get the water to survive.

We often question how we may make it to the next paycheck or what are we going to do if our sales are not up. When stuck in these predicaments and forced to invent new ways to solve our problems, we then can come up with the greatest ideas. Often, when things seem to be going well, we do not invent new ways to come to our solutions. It is only when we are faced with a need, that we can come up with answers to our problems.

When dealing with difficult problems, many people often come up with the best solutions and ideas. A company can turn themselves around and increase sales with a great brainstorming session. When struggling to get to the next paycheck we will often think of ideas to earn more money to make it to the next check. If we had not been in that situation we would have went on with our lives not thinking of new ways to gather extra income.

This is a guest post from a contributing writer to CEO Blog Nation. 

Image courtesy of poonsap / FreeDigitalPhotos.net

0

Focus Your Thoughts on The Present

The milkmaid was walking down the street. She was headed to town with a pail of milk on her head to sell to someone in the market. While she was walking the milkmaid started thinking about all the things she could buy with her milk money. She decided to buy some chicken that would lay lots of eggs. With the eggs, she could sell them for even more money in the market. Once, she had all the money, she could then buy some new clothes. All the boys would see her and want to talk to her. She then thought, the girls would be jealous as she walked by and tossed her hair. Mimicking the motion she would do as she passed the girls, the milk tumbled off her head. The milkmaid no longer had any milk to sell to anyone in the market and could not buy the chickens or the new clothes. She ran home crying to her mother who told her it was not wise to count her chickens before they hatched.

Sometimes, we get so lost in our thoughts of all the things we want to buy when we receive a paycheck or even a tiny bit of money. The money then is swallowed by bills, unexpected items, or never comes. Rather than focusing on what you plan to buy, you should be focusing on how to earn the money and placing all your effort in the work. When we focus on the work and do it well, the money will eventually come. Should it not come, we are not as upset as we would have been had we already had it set in our mind everything we were going to buy. Purchases should be planned but only with the money that we currently have and not money we plan to have in the future. 

This post is from a contributing writer to CEO Blog Nation.

Image courtesy of Ambro / FreeDigitalPhotos.net

0

Don’t Abandon Plans When the Going Gets Tough

The Owl was the business adviser to the Rabbit and every time things began to get difficult and the Rabbit wanted to pivot, he promised to come see the Owl. When he sat down with the Owl, he would always hear the same thing, “Remember we wrote this thorough business plan based on all our research and we promised that we would stay true to it unless there was a evidence that we should change it. Don’t let a tough day or ‘advice’ force you into a emotional decision which you could regret.”

Lesson: This lesson is inspired by Alabama, the 2013 NCAA Football National Champions. In a post by Biz Journals it offers a few lessons to learn from their season. Here’s an excerpt:

When Alabama found itself in a third quarter deficit against Georgia in the Southeastern Conference Championship Game, the Tide didn’t fall into the typical “we’re down in the second half, so it’s time to start throwing the ball every down” mindset.

Instead, it came out doing what it does best: running the football.

In business, it’s tempting to abandon your previously successful plan and start throwing up Hail Mary passes when times get tough in hopes of kickstarting sales.

While you shouldn’t panic or lose your composure, as Florida showed us last week, sticking to what made you successful doesn’t mean you can’t mix it up when the time is right.

0

In Business Learn to Adapt or Fail

The Rabbit would spend every morning on his iPad his RSS feed and following the Twitter feed of the experts in his industry. He understood how fast business can change and he was focused not to be left behind. His business would always be ahead of the curve.

Lesson: Business is constantly changing and it is vital for success that entrepreneurs and business owners change with the times, evolve and innovate or it is likely that you will be left behind. In Niccolo Machiavelli’s The Prince, it was written “Whosoever desires constant success must change his conduct with the times.”

0

You Need A Business Model

“He’s just a hustler” said the Bear. As he watched Fox move from venture to venture with no idea how to make money. As he pulled his cubs aside, he said, “I’ve been in business for years and you have to understand that when you’re in business one of the most vital things to take into account is the business model. That’s why Fox is bouncing around from venture to venture. He hasn’t though about how he should make money.” His children nodded while they listened. He continued, “if you don’t or aren’t making money, you’re not in business.”

Related Post: Business Model Generation

Lesson: Pay attention to your business model. Business Model Generation defines the business model shows “the logic of how a company intends to make money.” It “describes the rationale of how an organization creates, delivers, and captures value.” Business Model Generation describes it through nine basic building blocks that these areas of business: customers, offer, infrastructure and financial viability. “The business model is like a blueprint for a strategy to be implemented through organizational structures, processes, and systems. 

Image courtesy of Hal Brindley / FreeDigitalPhotos.net

0

It Only Takes One Idea

The Lion pushes toward his plan of making money by selling leaves to the ants during the rainy days. He knew there would be profits but alas, he spots the elephant doing the same thing at a cheaper rate. He could not compete with the elephant and packed his items up.  Later that night, the lion thought to himself, “This idea may not have worked, but I have plenty more. It only takes one to be successful.“ He headed back to the drawing board and started coming up with other ideas. The next day he was back out selling bananas to the monkeys.

Again the competition was fierce and he was forced to pack it up. After nights of pondering on the best ideas, he came across another item to sell to the baboons. A comb would help them groom themselves much better. The lion looked around and saw that his idea had not been put into effect by anyone else. He worked on his business plan and made great decisions. His combs sold out day after day. Others tried to replicate the process, but the Lion had come up with the best and cheapest. After years of trying ideas after ideas, the lion was deemed successful. He never gave up because he knew one of his ideas would work.

This business lesson comes from Robert Kiyosaki’s book Rich Dad, Poor Dad in where Kiyosaki pushes people to continue searching for business ideas. He emphasizes, it only takes one great idea to be successful.

This post is from a contributing writer of CEO Blog Nation.

Image courtesy of idea go / FreeDigitalPhotos.net