See Also:
Emotional Intelligence in the Workplace
Are You Collecting the Data You Need to Run Your Business?
Five Reasons To Pay Attention To CRM Software
Warning Signs of a Company in Trouble
Working Capital Analysis
Success Is Your Business Explanation
I am going away from talking about traditional cash flow analysis this week. I was recently at a meeting with Larry Tyler of Metro Bank here is Houston. Larry was the guest speaker talking about how proper cash flow management can make a business successful. He then discussed how business owners need to look beyond the financial numbers and look in the mirror to find out how their personal beliefs can affect the cash flow of their companies. Furthermore, Larry pointed out the reason business owners need to look in the mirror is that their personal values are going to make their businesses successful.
Success Philosophies
Larry was kind enough to put together that a business owner understand and believe some of the following points and philosophies that make success is your business a reality.
- Everybody in is a salesperson.
- Are you a salesperson in business, or are you a business owner making sales?
- You will not reach your potential as a sales professional until you answer the question, and answer it correctly! The Law of the Shareholder demands that you do.
- The Law of the Shareholder says that the most successful salespeople buy stock in themselves, they adopt a “CEO mindset” where they see themselves as a business owner making sales with a compelling vision to help people and they begin to stop thinking of themselves as an employee.
- The life of us lives in the life within the limits of our own thinking.
A Contract in Thinking
A Contrast in Thinking Salesperson Thinking CEO Thinking Pays only for what can be reimbursed Invest money to make money Calls on anybody Calls on the right body Reacts to interruptions Makes sure interruptions don’t occur Keeps safe clients Terminates unprofitable relationships Is busy and action oriented Is productive and results focused Thinks quantity is more important Knows quality creates more quantity Puts profits before people Puts people before profits Puts revenue before reputation Puts reputation before revenue Builds business ahead of capacity Builds capacity ahead of business Prioritizes schedules Schedules priorities Is short-term oriented Is long-term oriented Relies on quick turnaround Relies on clients’ trust Succeeds by accident Succeeds by design
