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Scaling Businesses, a hands on workshop by Saarthi

by Paul Joseph July 6, 2011 Featured

This is a press release. “Is it the right time for me to scale? How do I scale? Will it affect my current pace of my business? What can I do now so that I can scale easily later? How do I grow my venture from strength to strength?” If these thoughts are ruling the roost of your mind-space, then this workshop scheduled to be held on 6th August from 9am – 6pm might interest you. The workshop… (Visit Yourstory.in for full news, other content, and much more!)

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5 PR Essentials to Launch your Product

by Paul Joseph May 30, 2011 Featured

One positive advantage of launching your Product in the current times is that there are multiple ways to tell the world your product story unlike earlier times. Top of mind comes, the news a venture generates when it gets funding, almost all the media today writes about it. For eg. Sourbits’ funding by Sequoia Capital ( the last news that i saw everywhere). But the question is what do you… (Visit Yourstory.in for full news, other content, and much more!)

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Entrepreneur and Cardiologist Dr. Ravindra Kulkarni on Just For Hearts, a wellness and lifestyle consultancy with a difference!

by Paul Joseph May 10, 2011 Featured

While cardiac diseases take 17M million deaths annually, courtesy the current lifestyle and the work culture, Pune based Just For Hearts is helping companies and individuals de-stress. YourStory in a candid conversation with cardiologist, Dr Ravindra L Kulkarni, Director, Just For Hearts. What inspired you to start Just For Hearts? (Visit Yourstory.in for full news, other content, and much more!)

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How To Use Simplicity As A Means To Destroy Fear And Doubt

by Paul Joseph April 8, 2011 Featured

In business, as with all of the most important parts of life, sometimes it’s difficult to know what to do when faced with a challenging situation. Your usual guides and helpers – your mind, gut, intuition, faith, environment, peers, mentors, family, study resources, etc, don’t always point out a clear direction. Sometimes what you come to rely upon may contradict what another source of feedback is telling you. For example your mind might say one thing, your feelings say something else, and the raw data points to another direction entirely. Finding clarity is of utmost importance, but as with most things in life that are important to us, with so many variables at play – way too many to even contemplate let alone actually practice – figuring out what’s really important may not appear like a decision you can make in confidence. The Challenge Of Scarcity One of the biggest pitfalls I’ve seen many people fall into is coming at a decision from a situation of scarcity . If you have no money then you are “forced” to make decisions that may not be exactly what you want, but because of the desperation you feel, you act in haste, or perhaps the opposite, you fail to act. Scarcity is a challenge because often the outside would so clearly demonstrates your lack of something you can’t help but feel that way all the time. If you’re in debt, or you see things you want but can’t have, or you have to go to places you don’t want to go to because you feel you have no choice, you will find yourself falling more and more into scarcity decision making. That in itself can be enough to kill any potential you have to change. While I truly believe scarcity is a mindset that can be changed entirely by adjusting how you perceive the world, I understand that simply using that as a mantra to convince yourself that you don’t need certain things or you already have enough, isn’t always going to help you. If you don’t have food or can’t pay you’re rent, belief that you are okay alone isn’t enough. Identify Actions That Lead To Desired Outcomes One of the important decisions you can make, regardless of what your current situation is today, is what situation you want to be in instead of what is now. This shouldn’t be a fuzzy change, it needs to be tangible and specific , and you need to understand either how to get there, or at least where are the resources to learn from that can teach you how to get there. For example, if you don’t like your job, deciding how much money you need to live off so you can quit is important. You also need to know what sort of options are available to you to help make money and what criteria you will use to decide which is the best option. Here’s a process you can go through to help you move towards changing any aspect of your life you are not happy with – Step 1: Identify what you want to change focusing on tangible and specific outcomes. Step 2: Identify options to make that change. Try and limit this to options that reflect advantages you currently have, either because of your current skill base or your connections and access to resources. Step 3: Determine which option you will focus on for your first experiment. Step 4: Take action to begin the creation of that change in your physical environment. Step 5: Assess results at set intervals ensuring you measure effort against reward (and effort has to be real and tangible too – this is not just thinking what you could do, this is actually doing it). Step 6: Determine if enough signs of progress are present for you to continue, if not repeat the steps. Have Faith In The Process The steps above are simple and I suspect after reading them you feel at least a little bit clearer about your own direction. As you read those steps you likely think about something in your life you want to change, which you then attempt to turn into tangible and specific outcomes. If you can do that, you then think about what options are in front of you and continue to move through the steps. Even just playing over that process in your head is enough to feel a little better, a little bit more in control and give you a sense of purpose. That’s good, and you should keep following that path because the movement helps you get somewhere. It may not be end up quite where you want to be, but it’s much better than sitting still and ruminating over what you don’t have or how you feel trapped, or any other limiting beliefs. The most powerful aspect of going through a process like this to realize change, is that it forces you to commit to a direction that doesn’t depend on you feeling a sense of harmony. You don’t need to feel 100% right about what you are doing, you don’t need to know the exact path you are going to take and you don’t need be certain you have even made the right choice. The important thing is that you begin the process and see it through, that’s the only way you will begin to gain clarity. If you have faith in the process and do it despite fear or doubt about what might happen or how you even feel in a given moment, then you are making progress. Simple Works You may have noticed in many situations simple works . You may not see something as simple, but there is always a way to make something into a simple choice or a simple process. Of course simplicity means you have to omit some things, but that’s why it is powerful. Simplicity leads to focus and focus leads to action. I’ve noticed in my own life when I focus on what simple fundamentals are most important and do my best to discard what doesn’t help me in a given situation, even if it has some relevancy, I can relax and just enjoy the process of discovery and change. If I attempt to assimilate all the potential variables and account for everything I, well, crash. Information overload is a real problem, especially when all the information is relevant on some level. Your ability to decide what are the fundamentals and act on those and those alone, is the key to success. Remember to ask yourself when faced with a difficult situation or a desire to change, what is the simplest path forward? What do you really want and what are the most important variables? If you can identify those and keep them in focus, the rest will eventually fade away into irrelevance because you will have what you want, or at least be moving towards it. Yaro Starak Simplifying P.S. If you are interested in a much more in-depth look at how to create positive change in your life, I recommend you read my positive change series starting with part one here – Is It Really Possible To Create The Change You Want In Your Life? Get your bonus copy of my book “How To Start An Internet Business & Make Your First $1,000 Online” Download Here

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6 Smart Loan Tips for Small Businesses

by Paul Joseph March 3, 2011 Featured

There’s no getting around it. The economic downturn has made it more challenging than ever for budding entrepreneurs to obtain small business funding. To minimize losses, lenders both large and small have adopted more stringent rules and regulations for granting loan approval. At the same time, a large number of small businesses will find themselves in need of financial assistance to weather the current economic storm. Here are 5 strategies to help ensure business loan success: 1. Know the ground rules: You didn’t start your business on a whim, and applying for a loan is no different. You need to do your homework to make sure you understand all the ins and outs of the loan approval process. Knowing what information the lender will be asking for – such as a well thought out business plan that specifically addresses the amount of funding you will need, how the funds will be used and how soon you intend to pay the loan off – is critical for establishing yourself as a credible loan candidate. 2. Polish your personal credit rating: While your business is new, your own personal credit history can be a determining factor for business loan qualification. Because improving your personal credit score takes time, you need to become proactive in this area before applying for a new business loan. First off, you need to obtain a credit history from a legitimate source, such as Annual Credit Report . For other reputable credit report sources, consult a qualified accountant. Once you’ve obtained the report, look it over to make sure there are no errors or omissions, and then go to work to improve your score by paying down excess credit card balances and limiting future charges. If you’re carrying high rate cards in your wallet then you’ll want to focus on paying those down first. You’ll also want to contact the creditor to see if you can establish a lower rate to help pay the card down faster. Once a card is paid off, avoid using it, but do not close the account, as this will have a negative effect on your credit rating. 3. Start establishing business credit: The sooner you can start establishing a positive credit history specific to your business the better. As most banks require businesses to be up and running at least 18 months before they will issue a business credit card, there are other ways to begin the process. One way is to establish a “business only” bank account to run all your business purchases through. If you need to make a large purchase, such as buying a car, you can help to establish a business track record by buying the car with personal credit and then making all the payments through the business account. Another strategy is to designate one of your current credit cards for business purchases only, making sure to consistently pay off the balance on time. Purchasing office equipment and supplies from companies such as Staples and Office Depot, which are now working with small business owners by offering small lines of credit, is also an effective and relatively easy way to start establishing business credit. 4. Research the pool of potential lenders: Before contacting any lending institution, do all you can to determine which lender is best suited to your needs. Contacting other successful business owners in parallel or complimentary industries and asking them for lender leads can improve your chances of finding a more willing lender, because they may have a positive track record of loaning money to businesses closely related to yours. Local banks are a good place to start, as they can be more objective and motivated to loan money to small businesses in the community. Be aware that many lenders who currently fund small business loans , especially loans less than $100,000.00, now use a standardized automated credit scoring system, making the loan process impersonal and subjective. 5. Consider online lending options: With today’s technology, borrowing for your business no longer has to be all about the “brick and mortar” lending institution. By exercising caution in your search, the web can lead you to reputable companies set up to either loan money directly or match business owners with prospective lenders that best suit their unique financial needs. When choosing an online loan company, try to avoid those that offer secured loans. While these loans are often easier to qualify for, they frequently come with higher interest rates and require business equity and assets for collateral, meaning that defaulting on the loan could cause you to lose your business. 6. Determine a realistic loan amount: If and when the need for a small business loan arises, be realistic in determining how much money is needed as opposed to how much is wanted. With advances in technology, the ability to hire online help and take care of other aspects of business “virtually” can be an effective tool for keeping funding expectations more conservative and improving the chances of obtaining a small business loan. About the Author: Vince Conklin is a freelance writer who specializes in writing about small business loans. Vince has helped many entrepreneurs find the best loans to help grow their businesses.

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