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From the desk of Bob Meyer...
Business Jets In China Versus USA
Almost daily, the newspapers have stories relating how the
gap is closing between China and the United States. Here’s a
statistic that we came across recently that was quite
revealing, given that China’s population is four times as
large as that of America. In China there are 130 executive
business jets … in the U.S. there are 15,000 executive jets.
Pointer Sisters Charity Event Supports Battered Women
A very rare and special live charity-event for Friendly
House LA (helping women since 1951) will be held by the
famed Pointer Sisters on Monday June 27 at 7 PM at the
Tickets are $50, for details call 213-389-9964.
Another Reason For Wearing Your Barter Hat
The National Federation of Independent Businesses recent
report foresees a tightening for small business. It suggests
that small business credit will become harder to get once
again. The report says we are closer to very negative levels
of expectations about future credit availability, similar to
levels seen at the depths of the recession. Now’s the time
to contact your local trade exchange for credit extension to
grow your business.
Father’s Day — An Opportunity For Sales
Just a few days away, on June 19 (Father’s Day), there will
be a $10 billion business opportunity. The average shopper
will spend $100 on this day, according to BigResearch.
Atlantic City Casino Development Uses Barter To Move Forward
The Revel casino development in Atlantic City (NJ) is
nearing completion of a deal with the aid of barter. The
1,900-room resort with 19 restaurants received a commitment
from a Chinese bank for an additional $1 billion, in
exchange for using a Chinese construction company and
Notable Quotes …
“A man with a surplus can control circumstances, but a man
without a surplus is controlled by them, and often has no
opportunity to exercise judgment.”
—Harvey S. Firestone,
American Entrepreneur & Industrialist
“Our greatest weariness comes from work undone.”
American Writer & Philosopher
“It’s more important to know where you are going than to get
there quickly. Do not mistake activity for achievement.”
back issues of "From the Desk...” can be accessed by
free to forward our newsletter to your friends and
colleagues. We have a “box” at the end of the
newsletter for your convenience.
See you next week. . .)
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Making Things Happen,
One Of The Secrets To Wealth
According to a survey of more than 1,400 people around the world
with an average net worth of $2 million, the wealthiest respondents
had 80% more energy than those at the bottom of the sample.
Energy, of course, is a subjective quality. In the survey,
respondents were asked to use a scale from 1 to 10, asking them how
much energy they put into certain tasks, with 10 being the highest.
survey found that the wealthiest of the group devoted 60% of their
energy toward focused goals like “making things happen” and “hunting
out new opportunities.” They not only focused their energy but they
also devoted more total energy (80% more) to all of these goals than
the lower samplers.
report was done by Scorpio Partnership, Standard Charter Private
Bank and SEI.)
Is Your Trade Exchange Missing Out On
Valuable New Business?
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.
your barter company’s listing up-to-date?
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:
make changes to your listing
Your Idea Alone Has No
By Wil Schroter
Contrary to popular belief, great companies are not born from great
ideas alone. We’d all love to think that if we could simply invent
the next sticky-note, we could sit back and watch the cash tumble
if great ideas don’t spawn great companies, what does?
short answer is: you. The longer, and far more complicated, answer
is how you specifically position yourself and your company to
execute on an idea.
Anyone who overhears your idea, or has the same idea at the same
time, or basically plans on doing anything similar is already on the
same playing field as you are.
order to differentiate yourself and your idea, you don’t need a
patent or some proprietary method. You need a focused plan that
allows you to execute above and beyond your competition every day of
Think of your competition like your favorite professional sports
league. There are dozens of teams which have talented players on
them, but only one team is going to perform better than everyone
else. Your goal is to build that team.
Focus On Execution
There is a massive chasm between having a great idea and executing
flawlessly on a business model for a great idea. Lots of people have
great ideas, but very few people ever execute well on them.
Execution isn’t just about showing up for work every day and
punching a clock. For the team that wins, execution is about going
above and beyond the call of duty each and every day.
It’s about reaching out to your customer when there are no problems
just to see how they are doing. It’s about releasing a product
feature faster than your competitor even when you’re already ahead.
It’s being the first car in the parking lot in the morning and the
last one to leave at night. It’s doing what the guy next to you
isn’t willing to do.
It’s not uncommon for a startup company to go toe-to-toe with a much
larger company offering a very similar product. On its face, it
looks like the startup is at a severe disadvantage. Surely the
behemoth megacorp can provide better execution and better service
with its vast resources than a scrappy little startup can.
you were to try to compete against the behemoth on their own terms
you’d get crushed. That’s why startups tend to look for the weak
spots in larger companies and exploit them. You can easily
differentiate your product from a larger company by focusing on
stuff large companies tend to fall short on.
Unlike a large company, you can offer the personal service and
attention your customers love that they’re probably missing from
your bigger competitor.
can leverage your speed by releasing new versions of your product
faster and responding to market conditions more quickly. You can
offer talented managers founder’s stock, while a big company can
only offer another bonus plan.
Every weak spot that you can exploit is another way to add value to
your idea. Once you’ve identified the points, the more pressure you
put on those weak spots, the more value you’ll build for your own