Friday, December 19, 2008

Producers and Consumers

While some people may argue that it is wrong to stereotype, I am going to beg your forgiveness and do so to make a point.

In this life we all have the choice of whether we are going to be a Producer or a Consumer. There is a place for each in the world. It is neither good nor bad to be one or the other. In business, the key is figuring out which one we are representing ourselves to be, which one we are dealing with and more importantly, which one we ourselves would like and be and which we would prefer to be dealing with. To oversimplify the concept, a Producer is one who gives and a Consumer is one who takes. A Producer creates value for itself or others, whereas a Consumer reduces the world's goods or services as a result of its existence. The best way to determine whether the
individual you are dealing with is disguised is to view the true results.

Each person has a choice each day whether to be a Producer or a Consumer. As I said earlier, it is neither good nor bad to be one or the other. There are likely times in our lives that we will be more one or the other on a given day. The main thing I would like to point out is that we all have the choice of which we want to be and which we want to deal with in our lives.

As always, your thoughts would be appreciated.

This was also recently posted on the Think and Grow Rich Yahoo Group:
http://finance.groups.yahoo.com/group/thinkandgrowrich/

Friday, December 12, 2008

Excellent Business Practice

I learned a very valuable principle at a meeting I attended last week. It was an "ah-ha" moment for me when I heard it and thought it worthy of sharing.

Whenever we meet anyone or talk with anyone we are talking to the entire network of individuals that that person knows. Each person generally knows several hundred people. Through that interaction we are given the opportunity to meet many people, not just the one in front of us, be that on the computer or in person. It is up to us to find out how to tap into that resource. One of the ways this is done through practicing the habit of making and keeping promises. When we make this a habit in our lives we become known as a person of integrity and potential business associates are more likely to take us seriously and desire to do business with us.

In addition, one of the ideas that also came out of that meeting was to practice every day asking people the following two questions, then see what it is that you can do to help that person to get to the next step:

1. What are you working on now?
2. What is your next step?

The saying that you can "eat an elephant a bite at a time" comes to mind. If we know what the next step is that we can take to get to our next level of what we are working on, it will go a long ways to helping is to clarify what we need and trying to accomplish. The words of Zig Ziglar also come to mind, "You can have everything you want in life, if you just help enough other people get what they want."

As always, your thoughts would be appreciated.

This was also recently posted on the Think and Grow Rich Yahoo Group:
http://finance.groups.yahoo.com/group/thinkandgrowrich/