The Results of The CNN Political Debate

cnn

[Ritu Jethani] © 123RF.COM

Last night, in fact as this article is being written, CNN held a three hour debate by the Republican Candidates making the cut for the eleven allocated spots. For anyone who complains about watching a baseball game on TV – seriously three hours?

Here are the results of the CNN Political Debate…  

Not exactly! Here is the question for you in your life and your specific business: Is there a result from this debate which would definitively impact your life or your specific business one way or another?

Please do share this with all of us in the comments section.

The remark often made is that Mr. Trump is an entertainer and therefore he has no place in politics. Wouldn’t it be closer to the truth to say that the political environment which we have today, demands a candidate who is an entertainer?

In the grand scheme of life what is exactly changed by these debates? These are shows put on by either cable or broadcast TV in order to attract viewers and sell commercial time which translates across the board into making money. Mmm?

Sounds a lot like entertainment to me? 25 MILLION estimated viewers were tuning in to be entertained!

For a number of years my travels for work often took me to London, among numerous other international locations. One piece of advice given to me was: “Don’t talk about religion or politics, don’t talk about futbal unless you know what you are talking about and never, ever, ever talk about the Queen! Based upon this advice no stand is being taken here in support of any political party or aspiring candidate. For those in the small business community what do these debates or politics in general do for you in your life or in your business?

Seriously, help me out here – talk to me, what is it that is missing or not clear to me?

It is not to say that the topics covered are not important. They are seriously important. Not one single second was spent discussing how to help the growth of the small business owner. Not one single second was spent speaking about the crushing regulations placed upon the small business owners. Possibly worse is – not one question was asked to bring this topic of conversation to the forefront.

Consider the following: A report by the Bureau of Labor and Statistics stated in the third quarter of 2013 total net job growth by firms with 1–49 employees accounted for 40 percent which was 41 percent for large firms with 500 or more employees!

You cannot overlook the role of small business in understanding the state of the economy in the U.S. Small business owners are innovators and entrepreneurs and are the backbone of our communities – their power should not be underestimated!

It you believe these statements of fact – how in the world is it possible that not one single second during this political debate was spent speaking about small business?

Mitch Tublin is an advanced certified executive coach and business consultant who resides in Stamford, CT.

What is Your Networking Strategy?

networking-strategyI often hear people say “I am just not good at networking” or “I really do not know how to network”. The problem is that the ability to network in person or online requires a strategy. If you are not good at networking, that means you have not yet created a strategy.

As entrepreneurs and small business owners we do not have the luxury of attending every single networking event available. In order to create your strategy you first must be very clear on who your ideal client is.

Once you are clear on your ideal client you will be able to select where to network and how to approach the event. For example, if you were seeking to date a specific person or type of person you would want to go where they hang out. Socialize where they socialize and go relax where they go to relax. The activity of networking can be thought of in a similar way.

If it feels weird to think about your networking activity in this manner, think of networking as building up your Social Capital. It is the relationships that you build through networking that become your building blocks for your business growth and ultimate success.

Ask yourself these questions to get moving right now to help you begin to create your networking strategy:

  1. Who are the people you wish to work with? Everyone is the wrong answer.
    Be very specific in identifying your ideal client group or niche.
  2. Where do these ideal clients spend their time both online and in person?
  3. Name five specific people who fit the first question and then apply it to the second question. How will you meet them? Where will you meet them? What are they interested in?

A strategy I teach my corporate clients is to map out through the course of the year specific functions, events, dinners, luncheons, etc. where their ideal clients are gathered, and make room in your schedule for these functions.

The goal is to connect and establish a relationship. It is not to sell to anyone anything.

Over time and by being present and establishing a relationship you are developing a trusting relationship. Then you will become a trusted resource for referrals. A referral still remains the single best way to get new clients.

These methods are successful in both online and in person networking. It is essential to be present in both worlds. Do not lose yourself into thinking everything is online now. Nothing replaces the face-to-face networking and warm referral methods derived from this process.

Mitch Tublin is an advanced certified personal and executive coach who resides in Stamford, CT.

What Are Your Top Five Concerns in Your Business?

top5concernsThe articles are starting to come out in a variety of places. The top ten concerns for the small business owner in the coming year. It is not that the topic is not of interest. What is of interest is how obviously self-serving so many of these articles tend to be.

For example, one article had the title or similar to “The Top Ten Concerns For Small Business Owners” and their list was something like, Health Care, Taxes, Lending, Onshoring and a Skilled Worker Shortage on their list among other concerns.

My role is not to speak for you, however, in the small business circles where my time is spent, rarely if ever are these the topic of conversation. 

The top concerns seem to be fairly consistent: 

  • How do I save money?
  • How do I save time?
  • How do I obtain new customers?
  • How do I make more money?
  • How do I hire the right people?

Some of these may appear similar to the first list. However, from my perspective having heard both conversations, these two sets are nowhere close to each other!

You might say health care is definitely an important issue and people are definitely talking about it. Yes agreed people are talking about it. However, to the small business owner and the impact health care has on their specific business, does health care have an impact above the items listed by me above?

Many small business owners discuss their work situation and more and more utilize contracted workers or Form 1099 work forces. This method is a win-win. The Form 1099 worker is in control of their own financial reporting, taxes, health care and more. The small business owner is working with a person with specific expertise and other than payment for services rendered they are not responsible for health care or the other type of typical employment issues.

This is where you come in. What are your top, the really tippy top three concerns you have in your business today? List these in order in the comment area. Why?

The follow up to this article over the course of the next few weeks will be to address your concerns. The exact top concerns you have. Right here on this blog. Of course the top concerns listed above will be addressed as well.

Mitch Tublin is an advanced certified executive and personal coach who resides in Stamford, CT.

* Legal Notice: Nothing in this article should be considered legal advice, employment law advice, tax advice or any type of certified and legal advice in employment, health care coverage or taxes. You should consult a certified professional in these areas for advice on these matters. This article is the opinion of the author not legal advice in these or any other matters.

It’s been a busy couple weeks lining up speakers for the L2: Learn-Lead event in Stamford which will take place on October 10th. Learn more here: http://bit.ly/L2StamfordCTEvent and check out the Facebook page: https://www.facebook.com/L2Stamford. *Sponsorship opportunities available

Valuable Lesson for Small Business Owners

We Owe Jamie Dimon for teaching Entrepreneurs and Small Business Owners a Valuable Lesson (and every other CEO as well)

Are you a small business owner or an entrepreneur? Are you the CEO of a midsized or larger company? We all really owe a big thank you to one of the most successful Wall Street CEO’s, Jamie Dimon, the current chairman, president and chief executive of JPMorganChase. No, this is not a roast of Jamie Dimon. It is not a skewering of Jamie Dimon article about what may or may not have taken place, or what he knew or did not know about his business. It is the opposite. We owe you one, Jamie.

Everyone who runs a business or a company should personally thank Jamie Dimon. For those who do not know, last Thursday, Dimon announced to various analysts, essentially to the world that his bank had lost $2 billion, yes a ‘b’, by taking a wrong and ‘stupid’ (his words) bet with a hedging strategy utilizing credit derivatives. (Excuse me but how do you actually ‘bet’ with a hedging strategy?)

The market punished the stock of JPMorganChase on Friday and Monday, essentially taking $20 billion in market value off the table, out of the house, gone. Forgive me if this topic is not your typical area of interest. It will be in a moment. You may find billions and credit derivatives to be of absolutely no interest to you. Fully appreciate your view. Here is why this is so valuable. So important, we must pay attention as business owners and leaders of our businesses.

All of us who run our companies need to remember to do one thing every single day. If you are only able to do one single thing – do this and only this one thing.

Do what we are good at doing, do what we are great at doing!

Just do that one thing and you will soar to the top in your field and run a most successful business. It is when we stray off track. It is when we stop listening to the advice of others and think we are the one who needs to give advice and not receive it.

It is then we are ready to fail. You think it is not true? You think this is not about you and your company? Take a look at your vision statement for your business. Read your mission statement for your business. Is this what you and anyone who works with you, or for you is spending their time and efforts on? If not, maybe you need to rework your vision statement and mission statement. Or is it possible you and your company have strayed? You are off track. The business is involved in other businesses and other areas which are off the mark.

Do what we are good at doing, do what we are great at doing!

If you feel you must have these other items done and it is not what you or your business does best – there is a single answer in one word – outsource. This is the solution for your excuses.

Get your business back on track. Just do the one thing you are great at. Contact Mitch Tublin today, to bring your business back to the one thing you do great, at info@thementorguy.com.

Are You Working Hard, Hardly Working or Same Old, Same Old

Recently I was in a corporate setting for a few hours a day for a few days in a row consulting by conducting leadership training for a group of executives and managers. There were various moments where I passed people in the hallways, or were near people in the elevators or the coffee area or rest rooms. A common greeting for a number of people at the workplace I heard was
“How Are Things With You?”
“Okay, Working Hard, You?”
“Yes, more like hardly working” or
“You know Same Old, Same Old”
Now you recognize as I did these are not the C-Suite folks having these conversations. Corporate Level Executives have their own methods of greeting each other. A topic for another day.
Isn’t it great as an entrepreneur, a small business owner or a solo-preneur we are not even remotely thinking this way? Right?
Here is my question for you – do you feel you are working too hard? Do you actually view how you work as hard? Or are you working effectively and efficiently? Do you identify the areas which you should not be spending your time and effort on and seeking to find the right person to perform these tasks and activities for you? Are you creating systems to leverage your repeatable activities?
If you were in a corporate position before isn’t it great to never think about the clock moving or hardly working due to a slow down? You may have even felt you were just putting in your time to collect your check and your health insurance coverage. Is this what you were meant to do with your life? What is your purpose and meaningful contribution to society?
We as entrepreneurs, small business owners, solo-preneurs owe it to ourselves and our business to take action, to grow, to continue to learn, to work with mentors, coaches and people who will challenge us to excel. Keep us fresh. Participate in Mastermind Groups to be with peers and hear from them how they are working and conducting their business and solving tough issues that arise.
If you are in a rut and feeling the blues, find someone who works in a corporate office and have them give you a tour. This may be all it takes to help you snap out it!
Are you in a corporate role now and you identify with what is being said here? There is an entire universe you may want to become a part of now and you may want to get in touch with me.