Monthly Archives: June 2017

How Visionary Business Leaders Implement Their Strategy?

For leaders to succeed, they must have a vision. Visionary leaders must have the ability to envision their desired future and have the capability to take action in order to execute what they have planned within their home business blueprint. Leaders who do not have a vision are incapable of bringing development to themselves or provide business coaching to those surrounding them. Visionary leaders know the best time to sit back and wait instead of making spontaneous, hasty decisions that may have a negative impact to themselves or those in society. They understand that even though it is important to take action and work toward reaching their goals, acting blindly without considering the welfare of the society brings more harm than good.

It is common among leaders to have the following characteristics:

Visionary Leaders Work with the Team

Leaders realize and know the benefits of teamwork and co-operation. They realize that in order for to achieve a goal, they must work together. They must coincide when executing their home business blueprint, provide business coaching to those in need and continue to stay positive-even when things are not going their way. These visionaries are supportive of feedback from any & all teammates. This is not a dictatorship and a quality leader will ask for assistance, what the others think and make a decision to act from there. That does not necessarily mean that the leader will do what the others will say, or “should” do what the others say, but it is important to receive input & feedback from others. Every person is different and we all have our individual backgrounds, thus some individuals within a team may have a better point of view or may have experienced a similar encounter in his or her life. All leaders strive for continual improvement. Thus, feedback on how a project was executed or how a presentation was received by others is important. Good or bad, constructive criticism is what any leader asks from his teammates. True leaders know the importance of their team and without them, they wouldn’t be able to grow their home business blueprint and continue with their business coaching. “If you want to go fast, go alone. If you want to go far, go together”- African Proverb.

Focus Upon Holistic Well Being

Experienced leaders know the benefits of living in a way that nurtures and serves both their bodies and minds. These leaders understand that having a healthy body and mind is the core of living successful life, having a purposeful career, and sustaining meaningful relationships. As with any leader’s vision, you must nurture your bodies and minds in a manner that serves and benefits you as well as others. Leave the business coaching at the door and put away your home business blueprint for a few minutes. A leader will stress to his team that our bodies are thirsty for rest, meditation, healthy food, physical activity, and healthy living habits. If you wish to become a leader with a vision for your home based business, you must first work on the health of your mind and body to help you in critical thinking and in making major decisions.

The Leaders Live and Breathe Their Vision Through Daily Programs

The greatest leaders always unite their meaning and purpose with holistic well-being and only take part in activities that contribute towards their vision of success. If you have a vision and you want to make your dream come true with your home business blueprint, you must have the will power to let go of the bad habits, the naysayers and anything else that does not positively contribute to your end goal: financial freedom. Leave those negatives at the door, block all “bad vibes” and welcome all the positive people, business coaching and advice you can consume. The negatives can heavily weigh on your shoulders, bringing you down and sucking the life out of you. Discard all of that and welcome in the positive people, activities and ways of life. Visionary leader’s minds and bodies are committed to only concentrate on the factors and activities that help them achieve their goals.

Live with an Intention to Serve Others

A leader who has a vision works tirelessly to help and serve his or her society. Any home business blueprint can incorporate a community. Anyone involved with business coaching, will promote the ideas and concepts to serve others. This leader’s goal is to make sure that the society he or she is serving is treated equally and the people live in peace & harmony. If a leader does not focus on helping others and serving their respective communities, he or she makes a conscience decision to do what’s best for them. As the great John F. Kennedy once said “Ask not what your country can do for you, ask what you can do for your country.” At the time, this was such a profound statement, that it made people take a step back and really wonder how they were going about their lives.

As an Expert Leader You Must Be Connected to the Source

As a leader, being connected to the source means everything. If you are connected to your personal wisdom and intuition, it is easier for you to express your vision to those close to you. Home based business leaders are in tune with a home business blueprint. A general will be in tune with how his army is coalescing. A manager at a Fortune 500 company will confirm that his business coaching is top notch. The best leaders have the ability to create a bridge between their hearts and minds to enable them to engage themselves with the environment freely and in a deep mystical manner.

Have Courage to Help Them Rise Above Their Fears

If you desire to become a leader in your own business, you must have the courage to face your fears. Life is not all peaches and cream. There will be some curveballs thrown your way. There will be small storms… and big storms. You will have to persevere and weather those storms. For you to succeed in your home business blueprint, must have the determination and focus to work hard. You must have the will to overcome the challenges and obstacles that get in the way of your goals and dreams. Through hard work, business coaching and learning your industry & business, you can overcome any obstacle.

The best leaders use their decision making techniques, which are methodical, analytical and thorough to assist them in choosing the best course of action.

Have Similar Strategies of Overcoming Resistance.

Visionary leaders reduce the likelihood of resistance through quality business coaching, breaking through barriers and overcoming the urge to quit. These leaders are consistently and constantly stick to their home business blueprint and do not sway when the storms are approaching. All successful leaders go through ups and downs, good times and bad times, but they all have one thing in common: the will to achieve greatness. In your home based business, your greatness should be the ultimate goal to attain financial freedom. If you are a golfer and you want to be the leader of the PGA, you must set your sights on a green jacket or a Ryder Cup victory. The best leaders all have the same DNA make up of not giving up and always striving to get better.

As any leader will show you, it takes a lot of hard work, acceptance and cooperation within your team to achieve success and reach your goals. Vision transcends your business accomplishments, thus, if you want to grow into a leader within the home based business industry, you must create a home business blueprint to guide you on your journey. This will be your road map as you encounter the naysayers, obstacles and weather the storms. Business coaching, working with others and focusing on the positives, as well as a laundry list of other priorities, will assist you on your quest. Having the right vision, treating everyone as you would like to be treated and instilling the “will to win” are all part of your equation to achieving leadership greatness. In your home based business, this leadership will bring you to financial freedom.

Simple Business

Business is simple, so simple! However, when Man brings his complication into business operation and practice, failure becomes commonplace! There’s a misleading theory widespread in the secular world, the consequence of a theory established by so-called business experts deluded by satanic insight in the marketplace of the world.

According to this theory, world’s leading business and investment organizations like Bloomberg theorize that 8 out of 10 entrepreneurs who start businesses fail within the first 18 months – a whopping 80% failure rate. According to CNBC, the number of small-business failures exceeded the number of start-ups for the first time in the year (2014). While 400,000 new businesses are being created annually, 470,000 are closing, leaving a deficit of 70,000, according to the U.S. Census Bureau. According to the Small Business Association (SBA), 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10. The SBA goes on to state that only 25% make it to 15 years or more.

However, what these pretenders failed to tell you – perhaps they don’t understand themselves – is that it is not the businesses that failed but the business practitioners that incorporated their human failings into business practice that failed. The foundation of business as established by God is so sound, strong, and fail-proof in itself that it can withstand any condition of the marketplace – even the harshest conditions!

Uncommon examples abound in scripture of businesses started that has lasted as far as history can recount. The most prominent is the business started by Jesus Christ over two thousand years ago – the Church. Jesus declared to His earthly parents “Do you not know I must be about my father’s business” Luke 2:49. Jesus launched that business in Matthew 16:19 “And I tell you that you are Peter and on this rock I will build my church, and the gates of Hades will not overpower it.” The business of Jesus Christ (the Church) and its primary product (Christianity) has lasted for over two years and still counting.

Business indeed is simple. The foundation of business is strong and solid. God founded Business upon a well-structured foundation. Four components make up the business foundation; an understanding of the workability of these components and how they interact to produce a multigenerational phenomenon is what is lacking in entrepreneurial practice in the marketplace – the four components of business foundation areVision, Administration, Production, and Marketing. When you understand the interplay of these four components and you practice it faithfully and faithfully in your business career, I can assure you that your business will last forever!

Do you remember that after the fall of man, he took up the fallen nature of satan!” This presupposes that man became susceptible to a nature within that brings him under the control of his flesh. Struggle and failure became part of his everyday existence. Embedded deeply in the human nature were the nature of weaknesses and strengths. However, his weaknesses seem to take preeminence because of the influence of satan on earth. When Jesus began His ministry on earth, the Bible said, “He did not need anyone to testify about man, for he knew what was in man” John 2:25. What was it that Jesus knew about man? Jesus knew that the human nature can’t be trusted because of its inherent weaknesses.

Until each individual settles this inherent complication within his human nature by surrendering his life to Jesus Christ and getting filled with the Holy Spirit. After which, the individual submits himself and everything he does in life and business under the authority of the Word, only then he can overcome the inherent human weaknesses within his nature! Otherwise, his inherent complication may continue to compound things for him in life.

Business Management, The Three Most Important Rows in the Balance Sheet

After surviving the initial 18 to 24 months in business, you have graduated into the growth phase. During this business cycle phase, you have become accustomed to the various business models (i.e. revenue model, operations model, sales model, etc.) it takes to run your business effectively. You have progressed in learning to manage your business from a financial statement analysis perspective. The hectic activity of starting up the business and maintaining momentum in the market have become second nature to you. You’re guided into making strategic decisions based on the information provided by the business’s financial statements especially the balance sheet. In order to employ effective business management strategies, you must have a fundamental understanding of the 3 most important lines on the balance sheet: cash, total liabilities, and retained earnings.

Number One: Cash
An old saying states, ‘He who has the most gold, makes the rules!!!’. Sure, we know when the bank account is a consistently low for the business, thoughts begin to loom in your mind about potential failure and subsequent bankruptcy. Before reaching this extreme, you must proactively study the business cash trend on a monthly and weekly basis. This level of oversight helps to minimize the impact of any sudden changes in the market. It’s recommend that the business have a minimum cash reserve of 6 months operating expenses.

Number Two: Total Liabilities
The second most important line item on the balance sheet in terms of effective business management is the trend in Total Liabilities. For business management purposes, the trend in total liabilities is a telltale sign of the profitability of the business and its longevity. Often, the profitability of the business is diminished by heavy reliance debt to fund operations. If used to invest and grow the business strategically through acquisitions then business debt is considered a good thing. The key to managing business debt effectively is to use it wisely for strategic business purposes that ultimately increase and stabilize the operating cash flows of the business.

Number Three: Retained Earnings
In conclusion you must pay attention to the trend in retained earnings on the balance sheet. Retained earnings is an account line item on the balance sheet that measures the profitability of the business over a specific range of time. Investors thoroughly study the trends in retained earnings because it represents a business owner’s ability to manage the business effectively. Also, it’s through retained earnings that the income statement ‘flows’ into the balance sheet upon closing out the accounting year. Even you as a business owner can measure the return on your investment by understanding the trend in retained earnings.

If you make it a habit during the growth phase of the business cycle to effectively manage and grow the business by understanding the 3 balance sheet line items of cash, total liabilities, and retained earnings, then you will increase business operating cash flow for the long-term. Also, they can help in guiding you to develop and implement key business strategies that will position the business for increased market share.

jerichobizfinance.com is an online platform that specializes in providing expert level advice and guidance to the micro entrepreneur in the areas of accounting / finance, operations, management, sales and marketing, human resources, and lending in order to help grow your business and maximize your cash flow

Why Hire a Certified Business Opportunity When Selling Your Business?

5 Reasons to use a Certified Business Broker?

On average, selling a business can take between 6 to 9 months. Here is a list of 5 reasons why using a Certified Business Broker will greatly benefit the seller when selling their business.

1. Maintain Strict Confidentiality.

Strict confidentiality is imperative when selling a business. When a business owner decides to sell a business, there is a risk of losing key clients, vendors and/or employees if word of the sale gets out. We have all potential buyers sign a Non-Disclosure/Confidentiality Agreement before we release any information about the business. We will also find out more about the buyer’s financial ability and his business acumen before releasing any confidential information. Brokers will also shield owners from being inundated with lookie-loos or callers trying to suss out information.

2. Let the Owner Run His Company.

It is imperative that the business owner continues to run the business at the highest level possible and to continue an upward trend of the revenues or they will risk a decline in the final sale price. There are hundreds of variables in selling a business and it’s the Broker’s job to pay close attention to these details. We handle the entire sales transaction, from the beginning, all the way to the close of escrow. With the broker handling all of the details, this will allow the business owner to focus on keeping the revenues on an upward trend. Buyers do not like to purchase a business with a downward trend of the revenues.

3. Provide a Valuation of the Company.

Certified Business Brokers will review the business financials, recast the Profit & Loss Statements to show the true profitability of the company, and to produce an effective Cash Flow Analysis to show the true viability of the company. A Broker will explain how the valuation was formulated and will suggest and explain a viable listing price. Business Brokers work closely with the owner and their CPA/accountant to receive the proper information on the financial strength of the company. Buyers like to see financials that are straight forward and transparent, they don’t like to see too much “creative accounting.”

4. Assist with All Negotiations.

Having a Certified Business Broker as an intermediary during the negotiating process can ease a lot of tension between the two parties. A seller that is selling his own business can actually end up killing his own deal. Business Brokers help during this very important step in the sales process and we understand that the seller wants to sell high, and the buyer wants to purchase low. Our strategy is to negotiate fairly and have an end result that both parties can be happy with.

5. Manage all Contracts & Documents.

Business Brokers will manage all of the numerous contracts, documents and paperwork associated with the sale of a business. This process is very time consuming but also very important and should be managed by a competent business broker.

Using a Certified Business Broker will help tremendously in selling your business.

If you have any questions about selling your business, please Contact our Certified Business Brokers for a Free Business Consultation. Banner Business Sales, Inc.