Looking For New Way to Connect More People?
Wiki Do you know what a wiki is? Have you ever visited wikipedia? That is a wiki! A wiki is a collaborative website workspace that multiple people can edit together, share files and documents, and collaborate. See examples
You can use a wiki page to encourage more and better collaboration with team members and work groups. You can create a web page or group calendar, attach files, embed videos, chat online and so much more! It is easy to learn and most often free! You are reading a wiki right now! Check out my other wiki page: Contact me: Ken@BetterSalesandProfitsNow.com
Return On Investment:
Managing your business means being able to delegate and trust that others can, and should, do some of the many tasks that need to be done. Determining your personal Return on Investment (ROI) can help you see which business-related tasks you could or should be delegating.
Six Sigma:
A methodology that companies use to save money, generate revenue and improve customer service. It is used by companies of any type, any size, and within any industry to accomplish the following:
1. make better decisions with data
2. solve their business problems
3. close the gap between current performance and desired/needed performance.
Glenn Clowney of ROI-CALC , a Software Development Company
Angel Investing:
More money is invested by angel investors than by venture capital funds as a whole. Angels invested $23.1 billion in 49,500 entrepreneurial ventures in 2005, a modest increase of about 3% over 2004, and created 198,000 jobs and growing!
Average investment by an individual investor into a company is $30K. Often 3-4 investors will come together to invest $100K to $150K in a company.
Even though only 55% of Angel Investments in 2005 were at the seed and start-up stage, because 43% shifted to the Launched stage (with revenues) in 2005.
Average of qualified early stage deals that attracted capital was 23% (’05), up from only 10% in 2003.
There are 15.6 million women business owners. Twenty-eight percent of all companies are owned by women. Women owned businesses are growing two and a half times faster than male owned businesses.
Women owned business have a higher success at 33% of companies seeking private equity investment got the money, while Minority owned companies had a lower than average success rate at 7.6%.
Source: Venture Capital Research Institute at University of New Hampshire
Kugarand Theory of Private Equity Investment:
1-3-15.....for every one investor who invests, you'll need three that are excited and seem like they will invest. To get 3 that are excited and seem like they will invest, you will need to expose it to 15 potential investors. So if you are raising $1M in $25K increments, you will need 40 check writers. To get 40 check writers, you will need 120 excited investors. To get to 120 excited investors, you will need to reach 600 investors to consider it. The reason why only 23% of the companies get the funding they seek isn't because they aren't worthy, it is because they don't reach out to enough investors! How much time and money does it take to reach 600 investors? Can you even fathom reaching 600 investors? Find a solution to effectively reach 600 investors.
Source: Karen Rands
(see www.launchfn.com "Find investors")
The Power of Referrals:
Ask your clients for referrals! Approximately two-thirds of all economic activity in the U.S. is influenced by shared opinions about a brand, product or service, according to consulting firm McKinsey & Co.
The number of black-owned businesses grew by 45 percent from 1997 to 2002, more than four times the national rate for all businesses, according to a report by the Census Bureau.
From 1997 to 2002:
> The number of all U.S. businesses grew by 10 percent, to about 23 million.
> The number of Hispanic-owned businesses grew by 31 percent, to nearly 1.6 million.
> The number of businesses owned by women grew by 20 percent, to 6.5 million.
> The number of businesses owned by men grew by 16 percent, to 13.2 million.
> The number of businesses owned by whites grew by 8 percent, to 19.9 million.