Category: Business

. There were simply few radio stations, TELEVISION channels as well as some newspapers and also publications where marketing professionals made use of to promote their products or sell them. Reaching target consumers using these channels was quite simple; though the reach was limited. With straightforward yet engaging messages, offering or advertising items was simple.

Infiltration has increased

Nevertheless, times have actually transformed and also all the mediums stated above have actually expanded in numbers. In addition, new networks such as websites as well as mobile applications have actually been included and also there is a variety of these tools for companies to get to target market. You can say that though advertising or sales was challenging as it is said, it has actually been made a tough nut to fracture with development in technology and also the electronic tool.

The good idea in this emphasized approach towards marketing is that organisations are now able to much better permeate the marketplace. The only aspect necessary is to grasp the tricks and also methods of digital marketing and make use of these together with typical methods of sales and marketing.

Educate on your own as well as rule

So for professionals operating in advertising and marketing and also sales domain names, getting a grasp over electronic advertising is the method forward. Age is never a difficulty for obtaining education and learning and also this is comparable for learning about digital marketing. You will find various institutes that give internet marketing training; nonetheless, you have to select an electronic marketing institution that gives a comprehensive and holistic technique and understanding regarding the trade along with useful exposure.

The patterns recommend that digital advertising is a have to have for advertising and marketing as well as sales experts as well as makes certain to remain a back bone for companies for a very long time. So if you plan to remain in the race, then selecting an excellent digital advertising institution instantly and finding out about this avenue is exceptionally crucial.

Bear in mind that with rise in this tool, there will certainly be an equivalent rise in demands for business with concerns to training specialists in electronic advertising and marketing. So why shed the race when education is offered conveniently? Begin you look for a good college soon.

online electronic marketing training – DMSchool

Digital marketing is taking the globe by tornado with continuous and continuous expansion. This has actually made it crucial for firms to understand characteristics that could help them be successful making use of the enormous potential of this electronic medium. Nonetheless, the problem that is troubling firms; especially business owners, is absence of, or entirely non-existent efficient approaches for success. This issue functions as a huge limitation as well as avoids entrepreneurs from attaining their goals.

A perfectly intended and effectively carried out technique for electronic advertising is the key for beating competition. The ability to grow in this rapidlymoving economic situation for new companies hinges on just how efficiently they have the ability to first adjust and also after that plan electronic media.

 The tilt towards digital media for entrepreneurs

Right from cellular phones to social networks, electronic devices are permeating industries like never ever in the past. Consumers as well are turning mainly to this medium for virtually every demand. So, despite whether you are a big company, a business owner, or a launch, and also irrespective of the dimension of your company, discovering electronic advertising and also after that leveraging its potential to your advantage is the demand of this hour. Involving and interacting positively with your customers are activities that can be carried out efficiently with electronic advertising and marketing.

Learn prior to your dive

Nonetheless, there is still a problem for entrepreneurs. The buzz around modern technology developments such as digital advertising is so vast that recognizing everything then selecting just what matches perfectly is complex. Merely selecting something just due to the fact that it is trending is not mosting likely to work. This may additionally lead to backfiring. Also if you employ specialists for this task, learning about the work yourself is incredibly essential.

So the essential depend on reaching the origins of the trade on your own with quality training in Digital Marketing. This could be done from some excellent as well as reputed digital advertising colleges. This tool changes virtually routinely and you should remain in sync. For this, finding out the profession can not be ignored.

Etiquette : The Proper Behavior

 

“Etiquette means behaving yourself a little better thank is absolutely essential.”

Will Cuppy

​Anyone who has ever worked with an overbearing self-promoter knows there is a big difference between a show-off and a superstar. Downplaying your skill set won’t do much for your reputation, either. The key to shining in the office is to find a balance between sharing and bragging and focusing more on being than seeming helpful, encouraging, organized, prepared and genuine.

Here are five ways to step into your spotlight in the office by adopting the proper behavior (without turning everyone off)

Behavior

Make an effort to connect.

There is truth in the saying that people will never forget how you made them feel. Instead of rushing to your desk and putting your head down, make an effort to say good morning/hello to everyone from your receptionist to your boss and ask them how things are going every once in awhile. In doing so, you can help to diffuse any misinformed projections, build relationships with your team that will inevitably boost productivity and set yourself apart from those who only acknowledge those who can help them in some way.

 

 

Start each day with a clear purpose.

Take a few moments each morning to understand what you want the outcome of your day to be. After you have a clear picture, identify the most important tasks to take on in order to achieve it. These are the ones that will bring you to the result you want to achieve and help you stay on track when the inevitable interruptions and social media temptations begin to seep in.

 

Be reliable.

This sounds obvious, but how many people know someone who is always running late, shows up to meetings without notes or always has an excuse for a missed deadline or sloppy work? Try and bring one well thought-out idea to each meeting instead of trying to shoot off five off of the top of your head (or offering none at all) and meet your deadlines with edited work instead of trying to beat them and move to the next thing.

 

 

 

Be proactive.

Give weekly updates and take it upon yourself to lead the charge when it comes to following up on projects (before they are due). Information exchange offers a great benefit to those who are opening the lines of communication. Not only are you showing the work you have done in a non-aggressive way, you are also leading team members who may have needed a reminder or a little guidance as to how to get things done.

 

 

Do your part, but no more.

This doesn’t mean to play the “that is not in my job title” card, but more a reminder to step up and give 100% but don’t take on other people’s duties to show off or play the martyr. You want to share your knowledge and wisdom without stepping on anyone’s toes or disempowering them. Teach them how to fish and hold them accountable the same as you expect them to.

 

If you respect and adopt these simple steps, your behavior ​will change and it will results in the workplace’s harmony where each member’s behavior contribute. All of those steps can be enhanced by Gamification.

A prime example of a company who is taking the gamification world by storm is Skylab Apps. At Skylab, one great use for Gamification is by incorporating it into the workplace. It can be an asset because it can provide employees with further work-related knowledge. This could be in regards to policies, standards, performance expectations, and so forth. Gamification makes learning about these various things actually fun and engaging, which in turn produces more educated and well-versed employees.”

 

Constantly looking for sales in Singapore? Do your ears perked up and also eyes gleamed when you see discount rates or warehouse sales current? Well, there is absolutely nothing incorrect in that due to the fact that every Singaporean likes an excellent sale!

Exclusive online sales clubs have found their location in Singapore which offer huge discounts in their day-to-day sales because basically, there are a lot of bargain seekers in Singapore, an area that seems to be having sales throughout the year. From tiny retail electrical outlets to established chain store or countless blogshops and also private on-line sales club, customers remain in for a great price cut almost everywhere.

Sales in Singapore are seasonal in nature. Considering the end of the year, brand names will be getting rid of stocks as well as this corresponds well with the yearly Singapore Christmas Sale that is embraced by every brand name and also store as they capitalise on the Christmas buying. As soon as that is done, we get to completion of period sales as well as in Singapore, consumers are not decreasing even after their Christmas shopping spree as a result of better discounts.

As Singaporeans commemorate the New Year with aplomb, one expects the shopping euphoria pass away down however the begin of the year just brings after even more anticipate shoppers in Singapore. January still sees several stores clearing their stocks and also holding last price decrease sales. While they are bringing in brand-new collections, it is these period where brand names get ready for the Lunar New Year with just what else, the Lunar New Year sale !! With most of Singapore’s populace composed of the Chinese, this is one sale that will see lots of earnings for sellers.

It gets much better as completion of May gives Singaporeans what is perhaps the biggest and most awaited sale in the fiscal year; the Great Singapore Sale! Beginning at the end of May as well as running all the means through July, this mega sale is an island-wide event and also almost every brand name as well as shop will be whipped into this whirlwind of big price cuts, severe decrease of rates as well as absolute deals.

You could be sure that on the internet shops are not lost in all this, with the discount rates in their everyday sales easily matching a few of the biggest bargains you could discover in the stores. Yet this is just the tip of the iceberg in terms of clothing sales, as there are customer electronic sales in Singapore such as the Harvey Norman Sale, Courts Mega Sale along with the huge IT Fairs that occur as soon as every 3 months.

Foxysales, a Singapore based on-line purchasing store, permits Singapore Sales, less expensive, Shopping Singapore with great option, far better discount rates describing that Singapore online buyers favor to patronize a regional on-line store.

A CRM or Client Connection Administration option is certainly among the crucial demands for any kind of organization. Hence, it is the most effective time for SMEs to properly release it in their system to reap its benefits, with the aid of a CRM Growth Firm. Picking a CRM solution doesn’t complete the task instead it initiates the task of choosing a release method. The deployment technique for a CRM option could either be organized Software application as a Service (SaaS) or on-premise where managers appreciate the freedom to hold the CRM remedy themselves. Generally many CRM remedies could be limited to one release approach so it is very vital to figure out the most effective release method for your CRM options: Software program as a Service (SaaS) or On-premise.


Enterprises, whether little or big require different levels of control for implementation of CRM service. Both cloud-based SaaS and On-Premise implementation methods have their very own advantages. You have to recognize your needs, before choosing a CRM Growth and Deployment version. Typically, cloud-based SaaS releases the employees to concentrate on deployment instead they could concentrate on other core features. The web server parts are taken care of by product specialists. On the other hand, organizations trying to find the greatest amount of control over their CRM service can choose On-premise deployment methods. This is usually liked by many organizations considering that it enables business owners to maintain the control within their intranet only.

Here are a few pointers that could help you make a decision in between Software application as a Service (SaaS) or On-premise deployment approach. Nonetheless, you need to employ a CRM Development Firm, which could lead you in the selection process.


1. SaaS could match your requirements if your organization doesn’t have sufficient internal staff and also equipment support, whereas On-Premise could work better if you have appropriate internal team as well as assistance to deploy CRM option. In instance of On-premise deployment method, internal IT personnel job on all functions of deploying a CRM solution.

2. SaaS can fit your company if you are searching for an implementation method for a short-implementation amount of time. For this, the company will have to pay month-to-month software application charge.

3. SaaS is best for your company if you’re looking for a release approach which doesn’t need a huge ahead of time investment instead requires regular monthly payments. On the various other hand, On-premise implementation technique calls for ahead of time settlement with long-term expense advantages.

4.On-Premise functions best if you need huge customization to support your company procedures as well as have information accessibility has to sustain various other applications, such as ERP. On the other hand, SaaS doesn’t sustain substantial customizations.
How you can choose? Considering that both implementation techniques a

re advantageous so the significant concern is that ways to choose the ideal. You could begin by identifying the protection and control demands of your organization. Besides this, the following step is to establish the IT personnel that will certainly be dealing with CRM solution and their availability. One huge consideration is to determine your CRM Development version the financial investment demands of the organization; whether the company has the ability to make big upfront investments or locate a monthly software charge is better.


For me, I want a CRM that sales people will actually use. These days there are a lot to choose from. For me, I want something that is simple, and ready to go with integrations I actually carte about right out of the box.

Base CRM has been the answer to the solution for me and my team over the past 3 or so years. If you need a high level enterprise solution like Sales Force, ok great, but get ready to Drop 20k on set up costs, 100 working man hour on set up and then good luck getting you sales team to actually use it. But if you need, you gotta do what you gotta do! Check it out byimgres clicking here or on the picture below. 
Either way, choosing correctly and taking your time will be the best decision you will ever make in choosing a CRM for your company!!!

I wrote a previous blog on money management where I shared some tips on how to identify where you are wasting money and then gave my own personal formula (via an downloadable excel spreadsheet found here) the gauge all of your spending. If you are coming from that blog, then you are in the right place. If you are just looking at this blog for the first time, it may be prudent to go back and check out the previous one I wrote or at least download the excel spreadsheet because you will need it for the next step.

Step 2 – Formulating a simple budget that you will actually follow.

It was told to me early on in life by a very wealthy mentor of mine who I respect dearly that if I couldn’t manage $1, then I couldn’t manage $1 Million dollars. This is so true, I meet people all the time who’s personal finances are garbage even when they are making great money in their career.

It all comes down to money management and budgeting. Again, this is another common thread among all wealthy people I have ever met; they all have a budget based on a formula that uses money as a tool never spending it emotionally. Here is what to do.

Take that excel spreadsheet you just downloaded. (or get it here)

The idea here is very simple. Manage any and all money that you get. EVERY SINGLE CENT! If you know what your monthly income is, it becomes very easy to budget, if you are like me and get paid in lump sums sporadically then disciplining yourself to a system like this is crucial!

Ok so here is how it works: For every dollar I take in, it gets split up and put in to different bank accounts. Each bank account represents a different aspect that I am saving for. In my case I have 8 Bank accounts. I explain what I use them for and the benefits.

  1. Wells Fargo Checking / Savings account – This account is used for daily spending, and paying bills. Think of it as your most active account, all money is deposited here before it goes to other accounts.

For daily spending and bill payment, I like Wells Fargo. The important thing to remember here is to bank with a bank that is convenient to for you with lots of locations and low fees across the board. As of right now, I pay NO FEES with Wells. I think B of A is the worst, and Chase Bank is in the middle when it comes to big banks.

  1. Discover Bank # 1 – Taxes (This is where I said aside money for taxes every year)
  2. Discover Bank # 2 – Emergency Fund account (Save for a rainy day)
  3. Discover Bank # 3 – Long Term Savings (Use for large purchases like a house or car etc.)

I use Discover bank because they give you the highest rate of return for a savings account. 0.95% to be exact and…

  • No minimum deposits
  • No Account Fees
  • Open as many accounts as you want
  1. Capital One 360 # 1 – Annual Expenses account (Money set aside for annual expenses like car insurance, property tax etc.)
  2. Capital One 360 # 2 – Vacation Fund (Saved money for Vacations)

I use Capital One 360 because they pay a pretty good rate of return on money in savings and my account doubles over as my top pick for a travel debit card that has

  • No minimum deposits
  • No Account Fees
  • Open as many accounts as you want
  • NO foreign transaction fees
  • No ATM banking fees.

(If you are interested in opening up a Capital1 360 Account and want $20 for free just for doing so, click this link.)

  1. Wealthfront Account – Managed Portfolio Long term investing account

(Click here to learn about wealth front and why I recommend them. Clicking this link will get your first$15,000 managed for FREE!!)

  1. FXCM Account – This is my active foreign currency trading account as I trade currencies daily. If your are interested in learning how to trade I wrote a blog about it here,  otherwise, dedicate the 5% I am setting aside in this account to some other find or investment.

Now take some time to look it over the excel spreadsheet. If you need to open a couple accounts, don’t worry, this can literally be accomplished in an hour, follow the links above to use my recommendations, or feel free to open up accounts where your want to.

Keep in mind that I am a 1099 independent contractor that means I pay my own income taxes each year. If you are a W-2 employee, then you can zero out the taxes line because your taxes are collected before you get paid. Personally I set aside 18%-20% a year for myself, you may pay less or more depending on how much you make and what your tax liabilities look like.

  • Enter all of your monthly and annual expenses. (You will see some numbers starting to populate)
  • Replace my bank accounts with your banks and match them closely as possible, meaning if you have a normal B of A or Chase Checking and savings account, that should be your main account at the top. If you have an E*TRADE, Schwab or IRA, replace my Wealthfront account with yours etc.
  • If there are some areas where you will need to set up new bank account, leave them blank for now
  • Now enter in your monthly income at the top in the yellow (total monthly Colum)
  • By now you should see some of the boxes populating. I will explain what’s happening here

The Breakdown.

Ok by now you probably have a good idea of what I am driving at here, but I will explain anyway. This formula is partitioning all of your income into different savings columns to give you a well rounded and financially savvy money management system.

The breakdown as seen in my excel sheet looks like this.

  • I earn $100
  • $20 (20%) is saved for taxes and taken right off the top (Skip step if you are a W-2 employee)
  • Now I have $80 Left
  • $40 (50%) Goes to my living expenses, i.e. rent, mortgage, car payment, food, gas etc.
  • $10 (10%) – To the emergency fund, after all shit happens.
  • $10 (10%) – Long-term savings fund. This could be for a future large purchase like a car or house down payment.
  • $8 (8%) – Annual Expenses Account – Like car registration or medical/life insurance. Things that get paid once per year
  • $7 (7%) – Vacation Fund – To broke to take a vacation, do this for a year, and I promise you that you will have enough to take a vacay!
  • $10 (10%) – Long-term investment account – YOU NEVER TOUCH THIS MONEY! This is for your retirement. You may be thinking I’m way to young to start saving for retirement, but the difference between starting this habit at 20 years old compared to 30 years old will mean a difference of hundreds, yes I said hundreds of thousands by the time your retire. So don’t fuck around with this one, set the 10% aside and forget about it.
  • $5 (5%) – For me it goes to an active trading account that I personally trade. If you have no desire to learn how to actively trade, you can simply put this money towards some other kind of investment short term to medium term, but this money is not for bullshit, it’s money set aside for short-Medium term investments with a bigger return on the short side.

Conclusion

This whole idea was adopted after first reading the age old book The Richest Man in Babylon. When done correctly you will learn to pay yourself first and then save and invest the rest of it leaving a little hear and there for having a good quality of life.

My parents generation saved about 20%-30% of there income on average. My generation saves a measly 5%-10% and knowing that we are going to need a least a cool million to retire on (4 times as much as my parents will need) we need to get on this today. There is literally no time to waste.

Again, if you are in debt, or not making a lot of money, apply this formula anyway. Rework the numbers to make them fit your situation. If you are in some serious debt, check out my blog on &^%&^%&*^%&* if you are just not making that much or spend money stupidly, then I challenge you to try this for 90 days. If after 90 days you don’t feel like you have a better handle on your finances and that you are heading in the right direction, comment here and I will jump out of an airplane to promote what ever you want me to.

Money is a tool. It is only emotional when you don’t have enough of it. It controls you, or you control it, simple as that.

****And as a bonus, if you are still not convinced, Acorns is a nifty little app that allows you to invest pocket change from rounded up expenditure in to the market as a long term investment. Follow this link to check it out and get $5 for opening an account.

Did you mis part 1 of this blog? Read it here!

 

It is not everyday that you really get to feel all of your hard work pay off. When I started currency trading 3 years ago, it was hard. There was a learning curve, and at times it seemed daunting and elusive to actually be successful at trading.

I really believe that when attempting anything new, there is going to be a period of time where you just suck at it. When you are a person who really likes to win, it can be difficult to attempt new things. The trick is that you simply need to accept the fact that you are a rookie, a noob, a kook or whatever and that you are not going to be killing it one month out of the gate.

Trading currencies has been a game changer for me. Coming from the sales and marketing world, investing in general seemed to be for brainiac types who were really good at numbers. I knew that I could always make money in a situation where there was something to sell, but could i have the same success as an investor, or as a FOREX Trader?

When I first found the Forex market I was vacationing in Bali Indonesia on a surf trip. On a day where there wasn’t any surf to be had, I started looking for ways to make money from a laptop…. (Watch the video, it will explain the rest so I can get on with my story)

Once I found the market and made my first couple hundred dollars before the sun came up one random morning, I was hooked! Unfortunately I never took in to consideration that in order to win at trading, you are going to take losses, and I was a guy who didn’t like to lose. I proceeded down a losing spiral of lost profits and nearly decimated my entire trading account in less then a months time.

I took a break from trading and was feeling pretty beat up by the market. Losing can really screw with you when catch a bad streak like I did. I was not prepared for the emotional turmoil that ensued. Unlike anything I had attempted before, currency trading required me do adopt a high level of emotional intelligence in order to be successful at it. So I got back up, dusted myself off, and got back to it.

I went back to  the school where I had originally learned how to trade. I went through the course again with no expectations and a new willingness to learn. 

The curriculum didn’t change, my perspective did. This time around, I was a lot more humble. After all I got my ass kicked. After putting in 6 months of hard work in, I starting to see some positive results in the form of substantial equity growth in my account. I was ready to take the show on the road, and see if I could really do this from anywhere in the world.

I headed down to Nicaragua with my girlfriend with 3 goals in mind:

  • Propose to my girlfriend
  • Surf some big waves
  • Pay for the whole trip currency trading from my laptop

I scored big time. The surf was macking, and I was pretty sure my girlfriend was going to say yes to marrying me. I was just waiting for the right moment to propose. I started doing my pre-sessions & technical analysis on the market looking for some trades one morning, and then just like that, a couple trade set ups presented themselves and I pulled the trigger!

— I was sitting in a youth hostel using their shotty wifi and hoping to God that the internet did not go out before I closed my trades. With in 15 minutes of trading I managed to pull 7 scalped trades netting me $1,272.96 after commissions. —

I closed my laptop, ordered an iced coffee and just sat for 10 minutes staring at the ocean and feeling like I had just pulled off a huge victory! I soaked it up, I proved 15 minutes of tradingthat not only could I trade, but I could do it from a shitty hostel with bad wifi in Central America. Later that evening, I asked my girlfriend to marry me and she said yes.

So I got 2 out of 3 of my goals done. Even though $1,300 was not enough to cover the entire trip, I felt like $1,300 for 15 minutes of my time was well worth taking the rest of the trip for myself and to celebrate my new engagement. Besides, the surf was macking remember!

The moral of the story is that If you put your mind to something and stick with it, you can do it. The path to success is not linear, but it follows a trend!

If you want to know more about how you can become a currency trader and make profits in the market from a lap top anywhere in the world click the logo below and find out more about the FX365 Institute!

FX365i+4inSmall

 

In my last blog I wrote about the Joy’s and freedoms of working remotely. If you missed it, read it here! This will give you a little better context of what I am writing about in this 5-Step process to finding the perfect remote job to keep you traveling and experiencing the world all while making money from your lap top.

Here is my 5-Step Process.

1 – Find a job, skill, or way that you can actually do that will produce income with out you physically needing to be there.

This is going to be your most difficult task. You may be saying to yourself “well I am a doctor, how could I possibly practice medicine from a laptop?” Well this comes down to how resourceful you want to be. My dad is doctor, a Podiatrist to be exact and he has been looking into what is know as “tele-medicine” which is basically on call and on demand video conferencing from doctors to patients. Say you have a foot problem, you go on the site, set an appointment, my dad would accept it, you are instantly connected, he gives your advice and recommendations and your done. The system charges the patients credit card and they go on their way. Booya, there is a way a doctor can work 100% remotely. You may be surprised what you find if you really start thinking of all the different ways you could monetize your skill sets right from a computer from anywhere in the world, don’t worry, we will get to that in number 2.

2. Get really good with technology.

If you are going to have any chance at being an entrepreneur on the road, then you are going to have to get really good with leveraging technology and automation. What do I mean by this. Well put it this way, I can pretty much run all of my business from my iPhone. Everything from a CRM to a VOIP telephone system that allows me to communicate effortlessly through WIFI any where in the world. This means that if you are planning on getting in to a business that has to ship “real” goods and logistics as well as a customer service dept. will be necessary, than you are going to have your work cut out for you. I am not saying that it is impossible, just going to take a couple extra steps of strategic planning and utilization of technology that automates the process.

3. Simple is better.

A good business is not necessarily a complex business. I would consider a solid business to be one that is profitable, allows you to live the life you desire and takes care of it’s employees and it’s customers. Some of the best businesses that I know of were born out of the simplest ideas or needs by a consumer. Take for example the work we do at the FX365 Institute, we teach people how to trade currencies all over the world from office in San Diego. We have students in 20 U.S. States and 4 countries that take our course 100% remotely and learn a skill set that allows them to make money in the foreign currencies market anywhere in the world from a laptop.  Don’t over complicate this part. The less you need to run your business, the better off you will be.

4.How much do you really need to make?

My favorite part of explaining these concepts to people is conveying the fact that a business only needs to make you a “enough” money in order for it to change your life. If you added up all of your expenses annually, and then added in the costs to live in another country or to travel a couple months out of the year I think you will be surprised to find that you don’t need to make $300K per year to achieve your goals. In fact, I have been able to travel about 2 months out of every year for the past decade making around $100k per year. The best part is that I only really needed about $60K to sustain so any extra money that I make on top of my yearly nut goes in to savings and investments. This allows me to stay diversified, active in the markets using online portfolio managers, and open to new ideas and businesses while I can keep the quality of life I have come to enjoy. The point is to make enough and then a little more. You don’t need to be a millionaire to pull this off.

5. Multiple Streams of Income remotely

 I know you have heard this one before, but maybe not through the lens of doing it remotely. Every book I have read on this topic is about real estate and multiple businesses that would require you to physically be somewhere to manage those streams. When you start to venture down the road of working remotely you start looking at businesses in a whole new light.

I have come up with a couple of questions that I use to test the remote possibilities of a business. These days, if they do not get passed these questions with a yes, then I am probably going a different direction. I wrote two articles that may give you more context when it comes to working remotely, follow the links below to check them out:

Does your Remote business pass the litmus test? Could you actually leave the country for weeks or months at a time and still count on the business to grow on its own and produce income.

In this article I am going to share with you some of the most important questions that you should be asking yourself to avoid a career that is going to keep you chained to your desk.

When I am approached with a business or come up with an idea, I ask myself these following questions to help me decide if I should even consider pursing the business. I wrote a blog recently about The Joys of working remotely and also my 5-Step process to finding the perfect career where you can travel the world and work from a laptop.

I have come up with a couple of questions that I use to test the remote possibilities of a business. These days, if they do not get passed these questions with a yes, then I am probably going to go a different direction. I wrote two articles that may give you more context when it comes to working remotely.

Now for the smell test questions:

1.  If I spent a year building this business and I left the country for 2-4 weeks with out being able to call back or answer any emails would it still be standing when I go home?

This may take some introspection and some deep thinking about what the business is, who it would involve and what you would need to figure out to get all of the pieces together. This type of think and evaluation will become paramount when assessing situations for your business in the future, so play the tape out and visualise as best as you can where you would see yourself and the business in a year or two.

2.  Is this a business I can run myself, or will I need to hire or contract out work to properly run it and if I do, will I be able to effectively manage the team remotely? 

If you can do it on your own, great, do it! Unfortunately most enterprises even small ones will need to depend on others to accomplish what ever it is your business will do or provide for people. The question you need to concern yourself with is can you effectively manage then from a far or set the business up in a way where employees or partners can or would be self serving and motivated to accomplish tasks day to day to keep the company running smoothly. 

3.  On a scale from 0%-100% how much of the business can I automate?

(0%-60% is no good / 60%-80% is ok / 80%-100% is ideal). Automation is going to be key for you to managing efficiently from a far. It will allow you to batch work and delegate important work properly. Also it really allows you to step away from the business or parts of the business for days or weeks at a time and then come back to spot check at a later date. Most importantly automation usually takes the place of what human used to do and will allow you to perform more high value activities for the business.

4. Will it make me enough money to give me the life I desire to have and if so how long will it take to get me to that point? 60 Days? 6 months? A year? 

For more on this topic check out my blog I wrote on Time vs. Money! This will really put this step in to perspective for you.

5. Pros and cons list – Now for the final step, write down all of the great things about how the business is going to get you what you want out of it. Examples could be things like “90% automation” or “allows me to travel 6 months per year” etc and then do the same for all of the potentially negative elements about the business. Make sure to be real with yourself here. Don’t sugar coat this part.

Once you have completed all of these steps, then you will have a solid understanding about what you could potentially be getting involved in. I can’t stress the importance of the exercises!

Working as a management consultant for a number of years I have a keen ability to understand what is going to make a business succeed or fail. Unfortunately most folks don’t even think about these things when starting a business. Instead they get excited about the idea, or one aspect of the new business and run with it throwing caution to the wind and ignoring or simply not flushing out the idea and all the pit falls that would ensue first.

Be smart, be savvy and get the business that will give you the life you desire but don’t ever be afraid to give your idea a litmus test! It will save you time, money and heartache in the future. These simple actions will keep you on the right track helping you to avoid a business or an idea that will stand in the way of a more well suited business or opportunity that will give you everything you need.

 

 

 

Do you ever dream of being able to run a business from anywhere in the world? Have you ever found yourself looking online for different ways you could travel abroad and somehow make an income while you were half way around the world.

Over the past decade I have been perfecting this skill. The truth is that it is not as easy as it sounds. This is especially true if you are used to a 9 to 5 standard day job. The dream of one day quitting that job and breaking free from the chains of the corporate world can be elusive and fleeting.

When I was 22 I left the country for the first time. I had always wanted to travel but I was a troublemaker growing up and spent the later part of my teen years in rehab getting sober. By the time I was 20, I had been sober for a couple of years and my life was back on track, so I decided to leave America and embark on an adventure.

I signed up for a study abroad trip to Spain, paid the money and prepared to leave home. To be perfectly honest, this trip wouldn’t be my first time out of America, I frequently went to Mexico in my teen years growing up in San Diego. None of my trips to Mexico had any real cultural importance. In fact, I don’t even really remember what transpired during most of those trips and never really made farther the the Tijuana bars on Revolution Blvd. This trip was going to be different, I was with college kids, and there was some structure, so I figured that was a good place to start.

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I remember getting off the plane in Madrid. I was bustled away from the group with my host mom who didn’t speak a lick of English and was given a room in her little apartment. I was super jet lagged and had never been on a flight that long in my life so I passed out immediately.  When I woke up it was dusk outside. I walked down the 4 flights of stairs and sat out on the side walk in the neighborhood I was staying in listening to all of the sounds of the city and taking it all in. The smells, the cars, the food, everything was different, I didn’t know anyone around, and I was far from home. I was in LOVE.

This first encounter of Wanderlust was intoxicating to me. I vividly remember it and I was so grateful to be in that moment experiencing life again in a new way for the first time.

I thought to myself, what if I could do this all of the time, what if I could just travel a lot? It was sometime on that trip that I decided I was going to need to find a line of work that was going to allow me to do this. About a week before the program ended, I told my professors running the program that I wouldn’t be accompanying them back to America, and stayed in western Europe an additional 4 months traveling around Spain, Italy and France.

Once I ran out of money, I came home. At that time I was running a Mortgage office which surprisingly was still standing after my almost 5 months of me being gone. It didn’t matter though because I came home in September 2008 just in time to watch the housing market collapse completely. I was screwed. I had done really well for a kid who dropped out of college to get rich but it was all back firing now and traveling was the last thing on my mind.

After the dust settled I was about $190,000 in debt and in need of a new career. I had decided to go back to college a year earlier and had about a year and a half left for my undergrad degree so I figured I would spend the next 2 years finishing college and finding a career that would set me up to travel the globe and make money while I was doing so.

The first business that I found that worked really well for me was multi-level marketing. It seemed like a great fit, I was recruited in to a company being sold the dream that if I spent a couple years working hard at building an organization, it would eventually take off and continue to pay me residually. This was PERFECT. I could build the business for a couple years to about $100K per year then disappear to Indonesia

For a first timer in MLM, I did incredibly well, and I build that $100k per year income in a short amount of time but it was short live. The first company I was with asked me to leave and the second company I joined eventually went belly up. Also every time I would leave the country on a trip, I found myself on my phone or laptop the whole time putting out fires and that was just plane stupid.

When I finally walked away from the industry I decided to put my entrepreneur hat back on. I had raised some money for a tech start-up and was actively learning how to trade currencies in the FOREX market.

I never lost site of my desires and dreams of being able to make money from a Laptop; I just needed to be a little more resourceful. I found that as long as I can offer real value to a client even being a great distance away, that my capability to earn money anywhere where I was in the world would be there.

So over the past 5 years I have been doing just that. Most of the consulting work that I do is never from an office, maybe my home office. I do keep an office at the Currency trading school that I have a long-term contract with but they have always been cool with me leaving and making my own schedule. Again, I attribute that leniency to the results I am able to deliver. The moral of the story is that there is a million ways to make money and add value to a person, place or business, however you need to be resourceful if you are going to do this from a laptop half a world away.

I have put together my top 5 tips to finding your own way to take your business on the road with you for good. Read “Top 5 Tips to Working remotely.” To see what it’s all about