4 magic words to deal with fear

Physicist Albert Einstein said that to solve problems we’ve never dealt with before we must develop a new way of thinking about the problems and our fears.
Author and entrepreneur Harv Eker believes we must hone our thinking to gain a free, happy and balanced life.
Most of our problems are caused by the way we think. Problems we experience beyond our primal needs for food, shelter and water are created by our minds.
Our minds are survival oriented. We are always looking for what could go wrong.
If you’re considering a new opportunity, perhaps trying something a little risky, your mind will look for problems and try to stop you. Your mind is 100% fear-based.
If you know your mind is fear-based, you know your problems are in your mind.
To create real solutions and act freely, you’ve got to get outside your mind. By trying to protect you, your mind is limiting your capability to think and act.
Admit your concerns and say 4 magic words: “Thank you for sharing.”
Then do what needs to be done.
Our minds are our greatest assets and greatest liabilities. When we overcome fear, we have the power to act freely.
We share such ideas in “Maverick Entrepreneurs’ Million Dollar Strategies.”
For a $20 personally autographed copy, contact us at 803-359-7633.
Copyright 2019, The Bellune Co., Inc.

Can your business pass this financial test?

Our friend Ruth King says financial statements are our scorecard. We need them on time to properly price our offers, make good decisions to earn a profit, spot minor issues and resolve them before they become major crises.
A financial statement prepared by the company’s accountant quarterly is unacceptable. Boxes of receipts delivered to our accountants at the end of the year are unacceptable. Timely, accurate financial statements on the last business day of the month help you spot and fix minor problems before they become major ones. Our long term survival depends on them.
The first thing to do with financial statements is a quick review. If something looks wrong, question it and get it right before going any further. Is income up or down from this month last year? How about payroll and other expenses? Do you know why they differ? Is this a good or bad sign?
Calculate ratios which answer:

  1. Can we pay all of our bills?
  2. Are costs too high?
  3. Do we have a collections problem?
  4. A personnel productivity problem?
  5. Are we carrying too much debt?
    Ruth’s “The Courage to be Profitable” explains each ratio in detail. It’s available on Amazon. For an autographed copy, call her at 770-729-0258.
    We share such ideas in “Maverick Entrepreneurs’ Million Dollar Strategies.”
    For a $20 personally autographed copy, contact us at 803-359-7633 or email JerryBellune@yahoo.com . For an electronic copy click here to see the book on Amazon.
    Copyright 2019, The Bellune Co., Inc.

Avoid your biggest business nightmare

Running out of cash can give you hyper-stress and sleepless nights.
This happens when you don’t have enough revenue in slow times, haven’t saved enough to cover those times, an employee is stealing from you every week or you don’t set prices to make a profit.
Here are 4 ways our friend Ruth King advises to prevent running out of cash:

  1. Be your own banker. Use a savings account to transfer money each week. Save 1% of every check that comes in the door. Transfer it when you make the deposit.
    This is easy to do and easy NOT to do. Over the years this 1% adds up to a lot of dollars to cover payroll or other expenses.
  2. Watch your accounts receivable. If an invoice is to be paid in 30 days, call your account on the 31st day with a friendly reminder to pay by credit or debit card.
  3. Make it a policy to get payment at the time of order or at least a deposit. You can also charge a 1.5% carrying charge per month on delinquent accounts.
  4. Weekly cash flow reports will track incoming and outgoing dollars every week. Then predict cash inflows and outgoes for the next week. Email Ruth for a weekly cash flow report (rking@ontheribbon.com).
    We share such ideas in “Maverick Entrepreneurs’ Million Dollar Strategies.”
    For a $20 personally autographed copy, contact us at 803-359-7633.
    Copyright 2019, The Bellune Co., Inc. To get your own electronic version online visit Amazon by clicking here.

5 questions all business owners must ask

How do you build a business that rocks?
Our friend Ruth King told us that Jim Howard who published her book, The Courage to be Profitable, asks business owners:
• What is your reason for being in business? Why are you doing this?
• What does your customer get out of it? Your reasons have to be big enough for your customer and you to care.
• What is your offer? What can you provide them that they want or need?
Their wants may be different from their needs. Many of us get what we want rather than what we need. People buy on wants and justify it with their need later.
• How do you tell them about the value of what you have to offer?
You can’t build it and they will come. You have to build it, market it and tell them why they should need or want it.
• What pain will you fix? What pleasure can you give? Without pain or a dream to motivate them, they won’t respond.
• How do you retain them as clients?
You must be loyal to them and look out for their interests if you want them to become loyal and trust you.
Long-term maintenance plans and extended warranties with multiple benefits can build their trust in you.
That’s how you build a business that rocks. We share such ideas in Maverick Entrepreneurs’ Million Dollar Strategies.
For a $20 personally autographed copy, contact us at 803-359-7633. You can get an electronic copy from Amazon by clicking here.
Copyright 2019, The Bellune Co., Inc.

How to super-charge your motivation

Do you struggle with motivation? An executive recruiter friend keeps on his desk a photo of a fire truck-red Lamborghini he wants. This is no toy. The car costs $200,000. The photo goads him to achieve his daily goals and buy the car.
He knows exactly how many calls he will have to make, how many rejections he will have to take, how many contacts he must develop and how many executives he has to place to take care of all his other costs of feeding and clothing his wife and 4 rambunctious boys … and buy the Lamborghini.
I’ll bet you any amount of money you care to wager he will do it. He is highly motivated and that Lamborghini goads him.
The workaholic rules a few of us over-achievers live by say work should be its own reward. You and I both know it’s BS.
As you enjoy more success, the risks are greater and the prizes more lavish. You must be motivated to stay on top, achieve your goals and acquire your Lamborghini.
The way to burn out is to finish a grueling project and jump on the next one.
Take a break. Go to the Bahamas. Reward yourself with something you’ve always wanted. Donate to or volunteer for a cause you really believe in.
We share such ideas in “Maverick Entrepreneurs’ Million Dollar Strategies.”
For a $20 personally autographed copy, contact us at 803-359-7633 or email JerryBellune@yahoo.com . To get an electronic version, visit Amazon by clicking here.
Next: Can you pass this test?

Copyright 2019, The Bellune Co., Inc.

Have you and your business got SWAG?

If you are an entrepreneur or business owner striving to grow your business, you need SWAG. This attracts and keeps customers, says our friend MaryEllen Tribby.
MaryEllen has a simple SWAG Meter you can use to gauge your SWAG and how it relates to your business success.
S = Self Confidence. Customers want to feel you can help them grow, teach new things or solve their problems. You believe in yourself and your ability.
W = Wonderment. Your confidence creates feelings of being surprised or amazed. You encourage and help them find solutions to their problems.
A = Assertiveness. You don’t wait for something to happen. As one with SWAG you make things happen. This builds trust and confidence in your resourcefulness.
G = Greatness. As one with SWAG, you don’t settle for just being good or average.
As Jim Collins wrote in “Good to Great” good is the enemy of great. You won’t settle for just being good. You strive each day to be your best. You aim to make a real difference.
Next week we’ll show you how to measure your business’s SWAG.
We share such ideas in “Maverick Entrepreneurs’ Million Dollar Strategies.”
For a $20 personally autographed copy, contact us at 803-359-7633 or email JerryBellune@yahoo.com . To get an electronic edition for $9.99 on Amazon, click here.
Copyright 2019, The Bellune Co., Inc.

Sell by the numbers for greater profits

Houston Rockets basketball coach Mike D’Antoni is passionate about 1.16.
That’s the number of points per possession they must score to be the best offense in basketball history, Ben Cohen writes in the numbers-driven Wall Street Journal.
D’Antoni has long been known for strategies that push the boundaries of his sport.
On points per possession, he decluttered the Rockets play book. If one play produces 0.8 points and another 1.2, why run the 0.8 plays. Run the 1.2 plays every time.
D’Antoni aims to average 1.16 points per possession. Anything above 1.16, he keeps. Anything less than that is thrown out.
His obsession with 1.16 drives the most unusual strategy in the National Basketball Association and why his team has taken the pursuit of peak efficiency to an extreme. They cut out all plays that don’t work.
What if you did that with your business?
Analyze which are your most profitable products and services. Concentrate on advertising and selling them.
Which customers produce your greatest profits? Concentrate on serving them and developing products and services that meet their needs and fulfill their dreams.
We share such ideas in “Maverick Entrepreneurs’ Million Dollar Strategies.”
For a $20 personally autographed copy, contact us at katie.lexchron@gmail.com or call 803-359-7633. For an electronic copy through Amazon click here.

Master the short game of business

The “short game” of golf is where you are near the green, chip onto it and putt your ball into the hole.
We’re not just talking golf when we consider the short game. We’re talking about the game of business, life and success.
You may lead great organizations or small businesses. You may be a veteran who feels the hot breath of eager young entrepreneurs on the back of your neck.
They may be able to drive the ball farther or make more sales calls a day. But when you are close to the green, you have an edge. You have more experience and you know the value of practice.
This bit of wisdom comes from Austin, TX, Country Club pro Harvey Penick. If you are a golfer, you should be familiar with his “Little Red Book” on golf.
Harvey maintains that older golfers can excel at the short game with practice. And he recommends you do it with only one ball, just as you would in playing a game.
He says it helps sharpen your focus.
This is true in business and life, too.

  1. The more we practice what it is that we do in life, the better we become.
  2. It helps for someone like Harvey to coach and teach us good practice habits.
  3. Practice keeps us sharp and focused.
    That’s where golf and life are alike.
    We discuss such ideas in, “Maverick Entrepreneurs’ Million Dollar Strategies.”
    For a $20 personally autographed copy, contact us at 803-359-7633.
    Copyright 2019, The Bellune Co., Inc.

You must believe in what you’re selling

Call us old fashioned. We’ve been sold on the power of newspapers and advertising most of our lives. And it has served us well.
Prospects can tell we are talking with them about something we believe in. Without that belief and the passion it gives us, we may not have sold the first ad campaign.
It takes passion to motivate yourself to get out there and show others how what you offer can improve their lives.
Sales legend Zig Ziglar said that we must have passion and belief in what we offer.
One of Zig’s favorite stories was about his colleague who wasn’t selling much.
Zig asked him if he owned the product.
No, the man said, but he “planned to” after he made a few sales.
Zig sold him a set of cookware that day.
He made a commission on it that his colleague could have used as a discount had he taken the initiative to buy it himself.
We must believe in our product or service so strongly that we own it ourselves.
If you won’t invest your own money in your offer, can you expect others to?
Your prospect will feel your lack of belief and passion. Your prospects will perceive that you don’t truly believe in what you are offering and your sales will plummet.
We discuss such ideas in “Maverick Entrepreneurs’ Million Dollars Strategies.” For a $20 autographed copy, call 803-359-7633.

Copyright 2019, The Bellune Co., Inc.

Solve clients’ problems without cash

Have you ever had great clients who became unhappy with you or one of your people? Did you lose them? Did you have to cut your prices or refund their money?
Our friend John Carlton says that any problem that can be solved with money can be solved without money.
That simply means that using cash to solve problems shows that you’ve stumbled upon a value level where unhappy customers can be coaxed back into the fold.
But value doesn’t always equal greenbacks. Once you’ve established that the unhappy client WILL come back, for the right value … then you’re free to experiment with things other than cash.
Like free stuff that’s valuable to them.
Too many biz owners get caught up in a black-and-white world of cash or no cash.
To savvy entrepreneurs this means creating value with an hour of your time over lunch, free membership in master mind groups, gifts, golf outings, theater or sports tickets or other incentives you can provide.
Think what they would find valuable that’s as good or better than cash.
Does this make sense? Throwing money around cuts into your bottom line.
We discuss such solutions in “Maverick Entrepreneur’s Million Dollar Strategies,” a book that can change your life and business.
For a $20 personally autographed copy, call Jewel or Katie at 803-359-7633.
Copyright 2019, The Bellune Co., Inc.