From time to time we have to bring people bad news. Luckily, we also have good news to bring them now and then, so all is not lost. But how do we make sure that we take advantage of good news, and we minimize the impact of bad news?
Continue reading...Sunday, June 6, 2010
The current economic crisis has led to a lot of new insights in how we should deal with our economy. On of those insights is that it seems that big bonuses don't seem to work well. The banks of who the top executives had huge bonuses, haven't exactly performed very well. There is a different way to get results, and would you believe me if I told you this has actually been scientifically proven and has been known for over 60 years?
Continue reading...Friday, June 4, 2010
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With the internet becoming an ever greater part of our lives, there are more and more possibilities. One of those interesting possibilities is to make yourself, and your office, location independent. As an entrepreneur, there is no greater feat than location independency. It makes your life so much easier and much more fun!
Continue reading...Wednesday, May 19, 2010
There is a principle that is widely used amongst successful entrepreneurs, and especially those with the aim of making money. This principle is called the OTOM principle: Other people's Time and Other people's Money.
Continue reading...Wednesday, April 21, 2010
The concept of win-win was introduced by Stephen Covey. A win-win situation is one where both parties in an agreement 'win'. For example a customer of mine wants a special software application. I know that I can sell the same application to another customer, with a few minor modifications. So I give my customer a discount (his win) in return for the right to sell the application to another customer (my win). In this situation I have applied 3 rules for creating a win-win. If you use these rules you will make sure that any agreement you will make is a win-win agreement.
Continue reading...Tuesday, March 30, 2010
All successful entrepreneurs have a group of business advisers. Basically, this group is a number of people that you have around you for advice. But let's face it, we can't just go to anyone for entrepreneurial advice ... so how do we pick the people we need in our adviser group?
Continue reading...Friday, March 26, 2010
In the last year and a half that I have had a coach, I have had amazing things happen to me. Do I think this is coincidence? Not a chance. It has to do with creating a surrounding for yourself in which you can blossom.
Continue reading...Tuesday, March 16, 2010
Recently we hired two people and already I am looking for another person to hire. Because I have only limited experience in handling employees and hiring people (I only employed 1 person before), I decided to see if there were people who could help me. So I contacted my coach and I asked around in my network for people with extensive knowledge on job interviews. A high ranking bank executve of a big international bank who is a friend of our family wanted to help me out. He has about 30 years of experience with hiring people, so this was a great opportunity. Whether you are an employee or a business owner who has never had a job in his life, at some point you will be faced with a job interview. You are either holding the interview or you are there applying for a job. Either way, these tips will help you a lot!
Continue reading...Wednesday, March 3, 2010
Have you ever heard about those 'good old days' when a cup of coffee was only 25 cents? Or when a beer only cost 50 cents? Then you probably also think that prices have risen dramatically and that we can now buy much less than our parents or grandparents could at our age. But that isn't the case, because prices rising is in fact a consequence of inflation. So what is this phenomenon exactly, and how does it influence the economy? Let's examine a fantastic explanation of inflation and recession by Paul Krugman.
Continue reading...Monday, February 15, 2010
As you press the button for the 10th floor, you see a man hurrying to catch the elevator. You hold open the door and the man steps in. 'Thanks!' he exclaims as he presses the button for the 15th floor. The man extends his hand and introduces himself. It turns out he is the CEO of this company, something you know all too well. You have wanted a meeting with him forever, and now he is asking you 'So, what do you do?'
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Wednesday, June 9, 2010
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