Are you Considering Business Ownership?

Is it better to start my own business or work for somebody else?

This is truly a personal question. Each individual will have their own goals in life and their own definition of success. Each person should take a close look at themselves and determine how they define success in their life.

Aim Beyond Network provides FREE TRAINING and consultations to help you decide about owning a business and  register (at no cost). But in case you are still not sure, take a look at some data and statistics that might point you in the right direction.

You may feel comfortable working for someone else, and you may have been raised to believe that loyalty to your employer is a must. We believe that there are good employers out there who treat their employees well. We also believe that anyone has the opportunity to reach their personal and professional goals either through employment or through building their own business. The question here is what format is best for you? And to answer that you need to know the facts and clarify some of the myths.

Myth #1: Very few people want to start a business.

If you are wondering if you should start a business, you are certainly not alone. The University of Phoenix released the results of online survey (1) of more than 1,600 U.S. employed adults. The results show how many workers hope to own a business in the future by age group:

  • 55% of workers in their 20s
  • 48% of workers in their 30s
  • 36 % of workers in their 40s
  • 39% of workers in their 50s
  • 26% of workers age 60 or older

Myth #2 Employment provides the best tax benefits.

So what if you find yourself among the percentage of people who are content or even happy as an employee? Robert Kiyosaki (2), a well-known speaker and author offers some insight as to why this may not be as advantageous as you might think.

He explains his observations using the Cashflow Quadrant described in his site at

http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/June-2011/Rich-Dad-Fundamentals–CASHFLOW-Quadrant.aspx

“The CASHFLOW Quadrant is divided into four types of people.

  • E is for Employee
  • S is for Self-Employed or Specialist
  • B is for Big Business
  • I is for Investor

On the left side of the quadrant are Es and Ss. They pay the most in taxes and trade their time for money.
On the right side of the quadrant are Bs and Is. They pay the least in taxes and create or invest in assets that produce cash flow for them even when they’re sleeping.”

Kiyosaki explains that employees work and time is highly taxed, and employees receive less benefits than those who choose to build a business.

Myth #3 Employment is more secure than owning a business.

Employment gives the person a false sense of security. But fact of the matter is that there is little security no matter what your job is. In the companies eyes, everyone is expendable and can be replaced regardless of how important you think you may be to them. And in today’s global economy, where companies merge or get acquired, anyone’s job may be eliminated leaving employees without recourse.

Another aspect to consider is that employees are often given a false sense of loyalty. For example, most companies will require the employee to give a two week notice before leaving their employment. However, if the company decides to let an employee go for any reason, employers hardly ever give advance notice.

Myth #4 Employment is fair and pays me what I am worth.

Employment gives people a false sense of fairness. When you work for a company, you may have a coworker next to you doing the exact same thing for the same or more pay than you, whether you work just as hard or harder than that person. Many employees across the world get paid regardless of their performance. When you build your own business, if you build the right kind of business, you earn what you work for and get rewarded for what you develop for yourself.

Once again, you should take a close look at what your goals are, and who you should be most loyal to: your own goals or a company’s. If you come to the conclusion that you should at least explore starting your own business, you are not alone. Groups like Aim Beyond Network can help you determine what your options are. Contact Aim Beyond to get started with a free consultation.

References:

  1. http://www.businesswire.com/news/home/20130725005487/en/Working-Adults-Business-Entrepreneurial-Ambitions-8-10
  2. http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/June-2011/Rich-Dad-Fundamentals–CASHFLOW-Quadrant.aspx

La Etica Primero y Siempre

Un estudio de cinco años de Doremus y Financial Times que inició en 2003 indica que cuando dos proveedor ofrecen el mismo product/servicio a precio y calidad similares, los ejecutivos en EEUU dan prioridad a los Estándares Altos de Etica a la hora de seleccionar al proveedor.

De hecho, el 86% de los ejecutvos en Norte América y alrededor del 64% en Europa detendrían una venta si perciben falta de estándares de ética de parte del proveedor. Esto indica que la creación y mantenimiento de estándares de ética puede ser un aventaja competitive de significancia cuando la economía sufre.

Como ejemplo, veamos lo que dice uno de nuestros clientes: Xerox. En su página de Relaciones con Proveedores encontramos este texto: “Nosotros evaluamos la calidad, costo, envío y sostenimiento de los productos y servicios de los proveedores y nos aseguramos que su negocio se maneje con altos estándares de ética y en alineamiento con los principios de responsabilidad social.”

¿Y qué son estos estándares de ética? Xerox require a los proveedores que se atengan a un Código de Conducta de Negocios que prove estándares en cinco areas críticas de responsabilidad social corporativa: labor, salud y seguridad, ambiente, gestión de sistemas y ética.

Xerox pide a sus proveedores que adopten el Código de Conducta para la responsabilidad social corporativa de la Coalición para la Ciudadanía de la Industria Eléctrica (EICC por sus siglas en inglés). Para leer las normas de EICC pueden is aquí: http://goo.gl/y4KNc5. Otro de nuestros clientes, GE Healthcare, nos da un ejemplo más de expectativas para proveedores en este sitio: http://goo.gl/TuAAVl.

Ethics First and Always

According to a five-year research project by Doremus and Financial Times that started in 2003, when two suppliers offer the same product/service or similar quality and a similar price, executives in the USA will rank High Ethical Standards as their top priority when selecting a supplier.

In fact, 86% of senior executives in North America and about 64% in Europe would stop a sale if they perceive a lack of ethical standards on the side of the supplier. This indicates that having and implementing strong ethical standards can be a significant competitive advantage in tough economic times.

As an example, take a look at this statement by one of our customers, Xerox. On their Supplier Relations page you’ll find the statement “We assess the quality, cost, delivery and sustainability of the supplier’s products and services and ensure their business is run with high ethical standards and in alignment with social responsibility principles.“

But what are these ethical standards? Xerox requires suppliers to abide by a Code of Business Conduct that provides standards in five critical areas of corporate social responsibility: labor, health and safety, environment, management systems and ethics.

Xerox has adopted the Electronic Industry Citizenship Coalition (EICC) Code of Conduct for corporate social responsibility as its code of conduct for suppliers. To learn about EICC standards, you can visit their site here: http://goo.gl/y4KNc5. Another example of supplier expectations by another customer of ours, GE Healthcare, can be found here: http://goo.gl/TuAAVl.

Clase, Educación e Ingresos en E.E.U.U.

CleaseIngresos

Class, Education and Income in the USA

ClassAndIncome

Encuesta Empresarial 2015

Queremos oir de ustedes y su interes y sus retos en convertise en empresario. Use el enlace para abrir la encuesta:

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Entrepreneurship Survey 2015

6 out of 10 people would like to be their own boss and have their own business but they struggle knowing how to get started.
We want to hear from you and your interest and challenges becoming an entrepreneur. Select the link to open the survey.

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Antes de apuntar a un objetivo verifica primero adonde estas

Yo viajo a menudo por mi trabajo y de vacaciones y paso muchas noches en hoteles. En mis viajes, un día entre al elevador a presionar el botón al piso 11. Me di cuenta de que el elevador solamente llegaba al piso 6. Salí y entre al otro ascensor y lo mismo ocurrió. Me quede perplejo. Pero pronto me di cuenta de que la semana anterior había estado en el piso 11 y que había olvidado que esta semana estaba en el piso 5.

Creo que mi experiencia es una analogía que nos dice que antes de alcanzar nuestras metas debemos saber dónde estamos y adónde vamos. Yo pensaba que mi meta era llegar al piso 11. Si hubiera continuado tratando de obtener esa meta me hubiera fastidiado y con tiempo avergonzado.

Veo a personas que a diario tratan de alcanzar una meta que no esta ahí. Y siguen tratando. Se preguntan a si mismos si estarán en el elevador correcto sin ver que ni siquiera están en el hotel correcto.

Cuando sentimos que no alcanzamos nuestras metas, tenemos que tomar un vistazo a nuestra real meta. En mi caso mi meta real era llegar a mi cuarto. Para hacerlo, tenemos que saber y entender en donde estamos ahora y apuntar en la dirección hacia donde de verdad queremos ir. Así que nuestra primer pregunta debe ser siempre ¿estamos donde creemos que estamos?

Before you aim for a goal check where you are first

I travel often for work and pleasure and spend many nights at hotels. In my travels, one day I entered the elevator and got ready to push the button for the 11th floor. I quickly realized that the buttons only went up to 6. I exited the elevator, looked around, and waited for the other elevator door to open. The same thing happened. I was puzzled. It took me a minute to realize that I had stayed in the 11th floor the week before and that this week I was in the 5th floor.

I think my experience is an analogy that tells us that before we can reach our goals, we need to know where we stand and where we are going. I thought my goal was to get to the 11th floor. If I had kept pursuing that as my goal I would have been frustrated and eventually embarrassed.

I see people that on a daily basis keep trying to reach a goal that isn’t there. And they keep trying. They ask themselves, “am in the right elevator?” not realizing they are in the wrong place altogether.

When we feel we are not reaching our goals, we need to take a look at what our real goal is. In my case, my real goal was to get to my room. To do so, we need to know and understand where we are now, and then aim at where we really want to go. So the first question to ask is, are we where we think we are?

Trust Sells

It doesn’t matter if you are not in a sales career, we all sell a product or a service and we all negotiate. To that end, let’s talk about the key to success in selling a product or a service: Trust Sells.

The statement is simple but profound. First, you can’t fool people. If you do not trust the product or service you offer, people will notice right away. Second, if your behaviors and attitudes do not inspire trust, people will not want to do business with you. In short, if you break trust you lose the sale.

On the other hand, if you inspire trust and extend that trust to your product or service, you have earned the chance to close the sale. Notice that this is a two-step process. The person you want to do business with has to first trust you, and only then will they trust your offer.

Once you earn the person’s trust in you, you can start developing trust in what you are offering. Your own testimonial and that of other trusted people will go a long way. You are building a trust chain: your client trusts you -> you share your confidence in a product or service -> your client then extends the trust they have on you to that product or service.

Ask yourself, what am I proactively doing to earn the trust of my clients and prospects?

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