Referral Groups 101

Referral Groups are networks of people that have built bonds based on trust, commitment andreferral. The ideal referral groupcontains a wide range of committed members who regularly meet to forge trusting, professional business relationships, as well as to pass on quality business leads andreferrals. Referral groups owe their success to the power of a unified team of people affiliated through trust and common goals. Sociologists use the term social capital to describe the collective benefit to a group of people when they cooperate through social networks. They explain that social networks generate value that is based on group bonds. The referral group is the ideal way to generate social and financial capital for your business.

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How to Motivate your Team Under Pressure

When your team is under pressure, it is vital to provide them with the support they need to push through to the end. Businesses are bursting with bosses who demotivate their teams, when their staff needs to be inspired. Most are unaware that their approach is a hindrance, not a help. Frequently bosses become tyrannical, thinking that by playing tough that staff will then do whatever it takes to make it to that finishing line. Research suggests that increasing stress is the worst approach you could take to motivating your team. Employees consequently suffer from unnecessarily high levels of stress, and increased stress means less productivity not more. This article will guide you on the right way of motivating staff, to ensure that they work with maximum productivity and creativity. This will benefit your business and get your entire team through those difficult days.

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Take Your Business to the Next Level With a Virtual Assistant

Companies are increasingly hiring virtual assistants for the plethora of services and skills they offer. Virtual assistants, aside from providing aid during busy times, can also enable your business to launch, establish itself, and grow. But you may wonder “what exactly can a virtual assistant do for me?” The ways in which a virtual assistant can help you and your business are manifold, they are as diverse and distinctive as the individual virtual assistants are themselves. However there are some clear cut ways in which a virtual assistant can aid you to acquire a professional face. Here is how.

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Self-Branding Tips for Small Business Owners

The right self-branding can turn a small business into an empire. With the correct self-branding any entrepreneur can boost their business, their reputation, their wealth and much more. By becoming an authority in their field, a charismatic persona and even a public figure they can build new connections, attract partners and customers and generate even more business. People like Elon Musk and Oprah Winfrey have developed powerful brands that are based on magnetism, personal vision and a captivating personality rather than the image of their business enterprise. As an entrepreneur, you can't just focus on your corporate identity, you need to promote your own personal brand. Here's how to self-brand yourself successfully.

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3 Trends that are Shaping and Transforming Customer Service

No business, no matter how big or small, should slacken the pace when it comes to customer service. Every year reports on the importance of customer service continue to confirm how vital it is to the success of each and every company. Not prioritizing customer service comes at a high price. For example, a study fromNewVoiceMediademonstrated that firms with poor customer service may lose $62 billion or more, due to bad customer experiences. If a company wants to be competitive and stay ahead of the curve it must constantly improve customer service. This article will detail the top trends to follow to keep customers happy.

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Overcome Obstacles and Start Your Dream Business

Many people have visionary ideas for a business but the difficulty is transforming that into a reality. Often the most daunting thing is starting the process. This article will give you practical advice so that you can manifest your dream into the small business you have always wanted.

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Beyond Mail Forwarding: Virtual Mailbox Services for the Digital Nomad

Many digital entrepreneurs who work on-the-go from numerous locations save money and hassle by not renting an office, but there is one problem with that: what will your address be? Where will you receive important mail? How will you be perceived by clients if you don't have a proper mailing address? For digital entrepreneurs in Canada, a virtual PO box and mail forwarding can solve these problems.

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Buying a Franchise - What Questions You Should Ask

Although you may have numerous motivations for wanting to buy your own franchise, there is one key factor you should keep in mind that will determine the success of your venture: money. That means that when you are evaluating whether or not to buy a particular franchise, you should be focusing on questions that allow you to gauge capital needs. Secondly, you need to know the markets your franchise will operate in.

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How to Flip a Small Business

It means that an entrepreneur buys a company, thereby making an initial investment, then does some work to improve the business and then sells it for a profit. In recent years this has been a very popular way for savvy business people to make a substantial return on their investment. However easy as it may sound, when you flip a business, it is vital to get involved with a firm that will require a minimum of time, money and work on your part to make it viable. If you want to flip a business you need to have all the right elements in place so as to guarantee you'll make a profit. Here is what to look for in a business if you want to flip it.

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4 Cyber Security Tools Your Company Needs

In fact, nowadays nearly all businesses who have any reliance on web-based structures are at risk of a cyber attack. Although the public typically only hears about cyber attacks against governments or world famous companies, any kind of business, no matter its size or niche, is at risk from cyber criminals and therefore should get strong cyber security. In order to make sure you protect your business, here are some of the best cyber security solutions available on the market.

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What is the Internet of Things

Information technology is radically revolutionizing products and businesses. Previously machines were composed of disparate, unrelated mechanical as well as electrical bits and pieces. Today our machines have become intelligent, complex systems that can join together and combine their hardware, sensors, data and a whole plethora of other tools, to form a connected network that ensures optimal customer experience and maximum productivity. As a startup or small business, taking advantage of smart, connected products can give you the edge on the competition.

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Debunking 5 Myths About Virtual Offices

Virtual offices are on the rise due to their effectiveness. Yet some people still doubt their efficacy. You may have heard numerous myths about virtual offices. However, even if virtual offices operate distinctly from brick and mortar ones, that doesn’t mean that 'anything goes' and that all rules can be broken!

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Should You Hire Based on Culture Fit?

Leading a team that is naturally on the same page will be much easier than trying to guide a group of disjointed personalities. Culture fit is the cement that holds the bricks of your startup together. That’s why, when recruiting, it is vital to seek employees who will be a good fit. Even if you need to hire different personalities for different roles, they all need to share common values and motivations. According to the Society for Human Resource Management (SHRM), the consequences of inadequate culture fit can lead to a high turnover, thereby costing an organization between 50-60% of the person’s annual salary. Therefore, before hiring your startup employees you need to take the following steps.

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4 Secrets to Building a Successful Freelance Business

In today's world of hyper communications, the internet in particular, has made it easier than ever to work as a freelancer. Being freed from the strictures of a 9 to 5 office job can be emancipating but also it can be daunting, especially when starting your own freelance business. You might not be sure where and how to begin.

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4 Low Cost Business Ideas

In today's world it literally pays to be creative and clever about starting your own business. As an entrepreneur there are many ways you can inexpensively start a business and in so doing maximise profit. Here are some business ideas for the cost-conscious entrepreneur.

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Why Founders Should Pay Themselves

If you’re still on the fence about whether or not you should begin to take a salary, keep reading — here’s why founders should pay themselves.

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How to Improve your Strategic Thinking

Being an entrepreneur isn't easy; you need to lead and execute. In order to be a successful entrepreneur you need to keep tabs on where your business is at today whilst developing a vision for the future. In some ways, mentally, you need to be in two places simultaneously. To do this successfully you need to be a pro at strategic thinking. Here are some tips to enable you to improve your strategic thinking.

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