January 5, 2016
Written
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
01/05/2016
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Universal Truth For Attaining
Greater Success In 2016
It is the
entrepreneur's dream to idle away lazy afternoons on the white sands
of a tropical beach. Success certainly affords, among other things,
an excuse to relax and enjoy the fruits of one's labor. But as many
dyed-in-the-wool entrepreneurs have discovered, there is only so
much time you can spend fly fishing or lounging in a hammock before
the urge to do something new begins gnawing deep down.
Soon
enough, everything around you suggests a new or overlooked
opportunity. Every cocktail napkin becomes a sketch-pad or
whiteboard. Or that great idea, long stowed away, keeps you awake
late at night.
Indeed, success also provides resources,
credibility, experience and — most of all — the confidence to
attempt things. The only thing harder for an entrepreneur to pass up
than a good idea is that same idea coupled with the knowledge that
"I'm good at doing this sort of thing."
Entrepreneurs,
therefore, need no prodding or motivation to get up and try
something new. They can't help it … it just happens. What is not
so automatic is the notion of attempting something ambitious,
relative to past accomplishments. If you're attempting something
that doesn't make you feel at least a bit uncomfortable, then you
probably aren't growing.
While you may be successful at
completing a less-than-ambitious project, it will be a hollow
victory. Worst of all, you will fall far short of your own
potential.
Assuming you wish to continue growing during this
lifetime, in whatever capacity you choose — skills, experiences,
wealth, sophistication — then you must continuously push yourself.
Whether it’s soloing in an aircraft, learning a new language or
speaking in public, you must occasionally do something that is
unfamiliar, difficult, or even scary.
If you've read similar
articles, you probably need no explanation of the power of setting
goals. What is not so well known is that a few of your goals should
deliberately be very difficult.
In numerous studies,
research has demonstrated that effort and performance are directly
proportional to the goal's difficulty level, up to the point where
the goal becomes no longer believable (at which point effort tends
to cease altogether). But here's the clincher: Performance is
maximized even when the goal is not achieved!
How is this
possible? If you look closely, most things that people attempt are
not truly binary. That is, they're neither measured as all-or-none
nor as success versus failure, but instead are a matter of degree.
While the goal may not be reached, performance was indisputably
improved … and that is the key.
Research overwhelmingly
suggests a new approach to goal setting — set very difficult goals
for yourself and then recognize and reward partial success. It's
better to earn 80% of a $1-million income goal, than to earn 100% of
a $500,0000 goal. This can be hard to get used to for highly
aggressive goal-setters who writhe in pain at the thought of failing
to meet a goal by its deadline. But fear not.
The research
also shows that failure to reach one’s goal is still highly
motivating to people, especially when the goal was missed by a
narrow margin. Reaching 80% of your goal stimulates you to try that
much harder next time, and reinforces your overall belief in the
goal's attainability.
True, there are bigger risks when
attempting bigger things. But that's what pushes us to work harder,
so as to minimize risk. How? Fear creates stress and that stress
forces the mind to adapt, coming up with ever better approaches and
solutions for minimizing the risk. That is what raises us to the
next level of performance.
BarterNews.com — World's Largest
Depository Of
Barter Information
Hundreds of valuable articles,
techniques, and strategies are found in the following various barter
categories:
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(The Barter
Categories are found on the horizontal bar at the top - 3rd
button from right.)
Is Your Cash Flow Uneven? Try Factoring
Many businesses that have to pay bills, before customers pay
their accounts, use factoring as a way to even-out the company's
cash flow.
Factoring is when a company sells its accounts
receivables to a third party (called a factor) at a discount, for an
instant cash payment.
This option is useful to some
fast-growing companies which outstrip their liens of credit, or new
businesses that can't qualify for traditional financing, or those
that want to pay their bills quickly to take advantage of discounts.
However factoring can be expensive. To begin with, you only
get 75% to 90% of the value of your receivables. Then there is
typically a 2% to 6% discount fee, plus if your receivable takes
longer to pay that fee usually increases. Some factors will also
tack on other charges, such as audit fees.
While factoring
is certainly a possibility for some companies, it’s not the answer
for everyone. Factors prefer working with firms that do at least
$20,000 in monthly billings. Because a steady cash-flow stream is
always desirable, it’s wise to spend some quality time with your
trade broker to maximize the opportunities for paying as many of
your bills on trade as possible.
Money-Making Reports Available From BarterNews
Is Your Trade Exchange Missing Out On
Valuable New Business?
If
your barter company's listing on BarterNews.com isn't current, you
are definitely missing out on new business. The web site
BarterNews.com receives heavy traffic - with over 150,000 page-views
every month. Entrepreneurs and corporate executives check the
thousands of articles, the weekly "Tuesday
Report," and the "Contacts
Section" of our site. They use the latter to find barter
companies with which to do business.Is your barter company's listing up-to-date?
To keep your listing current is very easy. See the links below to (A)
update any changes to your company's listing, such as new location,
phone number, web site or other information, and (B) if your company
has not been listed.
Here's how to get on board:
To
make changes to your listing
click here.
For
new listings
click here.
Recruitment Wisdom
Somebody once said that in looking for
people to hire, you look for three qualities: integrity,
intelligence, and energy. And if they don't have the first, the
other two will kill you. Think about it, it's true. If you
hire somebody without the first, you really want your employees to
be dumb and lazy.
-Warren Buffet
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The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today's New Age
Of Possibility
There are many forms of secondary
capital — which can be defined as any financial instrument that
measures and communicates value in a common language. Would you like
to see and learn more about the many forms of secondary capital?
We have 70 free, informative and
inspiring, articles for you in our "Secondary Capital Section."
Check it out...
www.barternews.com/secondary_capital.htm.
Get New Money-Making Ideas And
Valuable Contacts!
You can
obtain useful, informative ideas and contacts in every available
back-issue of BarterNews.
Every
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
We welcome your
comments, questions, and observations.
Copyright BarterNews 2015. Redistribution of BarterNews
content expressly prohibited without the prior written permission of BarterNews.
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