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Every moment is January 1.

January 5, 2012 by Rosemary

A Guest Post by
Rosemary O’Neill

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It’s the end of the first week of January. Did you already start slipping on some of those resolutions? Well quit beating yourself up, you’re not alone. The mystical pull of January 1 gets us every year. We take deep breaths, ponder the future, and muster up the guts to make some decisions about our lives and our businesses. And then….life happens.

Here’s the most important trick: Every morning is January 1. Every moment is January 1. You can make a decision right this very second to take action on one of your primary goals. In fact, stop reading this right now and go do one thing that will get you closer. Send that email, follow up with that customer, finish that report, call your grandmother. We’ll wait.

……….if you’re back, then you did your one action, right? If you didn’t, go away and do it now!

…and…see how easy that was? Now keep the momentum going by allowing yourself to have space in the day (or evening) to proactively plan the next day, week, month, in increments you can handle. If you want to wake up on December 31, 2012, having accomplished something big, then you need to chip away at it all year long. And you need to have periodic check-ins with yourself so that you can course-correct if necessary.

I’ll share my check-in secret sauce. It’s a hot pink Moleskine that goes everywhere with me. In the front are the big goals for the year, and then broken-down goals for each month that will draw me closer and closer throughout the year. There is no one-size-fits-all method, but the key is to avoid drifting.

Now go and take the second step. And write down what the third, fourth, and fifth steps will look like.

Feel free to brag about your audacious action in the comments. We’ll do this together.

_____

Author’s Bio: Rosemary O’Neill is an insightful spirit who works for social strata — a top ten company to work for on the Internet . Check out their blog. You can find her on Google+ and on Twitter as @rhogroupee

Thank you, Rosemary!

You’re irresistible!

ME “Liz” Strauss

Filed Under: Business Life, Motivation, Successful Blog Tagged With: bc, LinkedIn, New-Years-Resolutions, Productivity

Fitch Ratings: Corporate Bankruptcies to Double in 2012

January 4, 2012 by Thomas

Given that 2011 was a difficult year for many in the business community, a recent report from Fitch Ratings will not exactly bestow confidence on many corporate heads.

Fitch recently reported that it expects the volume and size of corporate bankruptcies will double this year.

According to one bankruptcy attorney, “2011 wasn’t a huge restructuring year. A lot of companies found short-term fixes, but when things don’t get better you need a restructuring to find a long-term fix.”

The recent Fitch prediction notes that while restructuring is not a given to lead to bankruptcy, defaults among all corporate bonds will increase to approximately 3 percent over the next 12 months, an uptick from 1.4 percent last year and 1.3 percent in 2010.

Among the better-known companies to file for bankruptcy in 2011 were:

  • American Airlines – At the time of the filing, AA reported it was some $29.6 billion in debt and had $24.7 in assets;
  • Borders Group – At onetime the nation’s second-largest book retailer, the company filed for bankruptcy back in February, with Barnes & Noble reaping some of the benefits from its rival’s actions;
  • Integra Bank – The Indiana-based banker had operations in three states and reported assets of $2.42 billion;
  • PMI Group – The California-based private mortgage insurer was the nation’s third largest;
  • MF Global – This was the most notable Wall Street firm to go down since Lehman Brothers three years earlier.

Fitch believes going forward that businesses carrying a large amount of high-yield and low-grade CCC bonds will be at the greatest risk.

According to the ratings agency, middle market companies (anywhere from $200 million to $1 billion) are most apt to be candidates for bankruptcy given the fact that it is more difficult for them to track down ways of refinancing.

Lastly, Fitch expects the restaurant, retail and consumer products firms to have the worst showing over the next 12 months.

For those businesses, small or large that are looking to avoid a bankruptcy filing in 2012, keep a few factors in mind:

  • Have an ironclad investor strategy – While the first round of funding may be relatively easy to come by, where will the second, third and so on come from? Be sure you have a Plan B, Plan C etc. so that you are not left with gaping holes in your revenue stream;
  • Obtain a small business loan – Small business loans prove effective over more traditional means of obtaining capital. Along with a quick processing time, you can avoid the requirement of providing any form of collateral given the fact the loan is provided solely on the basis of your credit card sales history;
  • Know your limits – While many of us still have that “borrow today, pay back when we can” attitude, it can get a business owner in a heap of trouble. Make sure you know your financial limits as a business owner so that you can avoid digging yourself too big of a hole to climb out of.

No business owner ever wants to hear the ‘B’ word, but being prepared for it just in case is a sound business move.

Dave Thomas, who covers among other items starting a small business , writes extensively for Business.com, an online resource destination for businesses of all sizes to research, find, and compare the products and services they need to run their businesses.


 

 

 

Filed Under: Business Life Tagged With: American-Airlines, bankruptcy, bc, Borders Group, corporate, Fitch

Social Business: Past, Present, Predicting Beyond 2012

January 3, 2012 by Liz

PAST: A Brief History of Social Media

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Social Media Marketing budgets are on the rise.
In 2008, I had a conversation at BlogWorldExpo with Lorelle VanFossen aka @LorelleonWP about the future of social media adoption by corporations. The basis for the conversation was my experience with the Whole Language movement — a holistic approach to interaction around information that had moved through the field of education.

The prediction I was drawing focused on four key stages that occur when a social meme moves from “first believers” to the mainstream.

Stage 1: The Community Culture and Vision Begins. Individuals come to the community through curiosity and contact with a believer. They are like-minded thinkers who see the vision, adopt the culture, join the community — they want to wear the t-shirt. They learn tools with deep interest in how and why the tools work to support the vision of the community. They learn the process, etiquette, rituals, and traditions with respect for the people who teach them as they align their goals and values and become part of the vision.

As the follower population grows, the meme moves outward from the “first believers” like rings around a stone dropped in the water.

Stage 2: Quiet Revolution Moves Outward. The ideas move out like the rings from a rock dropped into water. Spreading wider, but with less power. The new believers share their passion faster than they can learn the depths of the vision. They tell their friends how cool it is to be part of something important. Each generation further from the center gets less depth of the original vision, culture, and community. They get the vocabulary, the tools, the rules, but not the reasoning.

Stage 3: A Demographic Emerges. A critical point occurs at which the vision, culture, and community gathers a large enough following that it has become an identifiable demographic. That’s not a good or a bad thing. It’s what built great religions, great art movements, great style in architecture and fashion. It’s also what brought us Muzak, bad television, and spam.

Stage 4: Business Objectives Disrupt the Community Culture. Business establishes a reason to participate. But business comes as an entity not as individuals. They have their own vision, culture, and community. They don’t want to wear the t-shirt; they want to market to the people who do. They pick up the tools and visit the venues without changing their thinking. They will also bring organization and money. All of these will change and affect the original culture.

What dies or survives?

Present: Death and Rebirth

In her book, RenGen, Renaissance Generation, the Rise of the Cultural Consumer and What It Means to Your Business, Patricia Martin demonstrates how throughout history every rebirth of a culture is preceded by a death — the fall of Rome, the Dark Ages, the kind of changes we face today.

In a world poisoned by a century of progress at any price, it is easy to look around and believe we are in a free fall. But civilizations have cycles. The twilight moment right before one civilization ends and another emerges is often driven by cultural clashes, religious wars, polarizing viewpoints and overreaching rulers. Look around you. What you see marks the end of the end ? but also the beginning of the beginning. — RenGen

Death and rebirth? Yes.
In 2007 – 2011, when the community culture met and mixed with the corporation, neither came away unchanged.

In 3 short years, from a mildly polarized blogosphere of hobby bloggers and business bloggers emerged a group that became the social businesss-phere. An entrepreneurial and freelance culture began testing new business models where there were none. Three sorts showed up: blogging gold rushers, business pioneers, and those who watched. The evolution raced and the learning curve raised as the floor fell out under the economy. Business pioneers started playing for keeps.

At a slower, but still noticeable pace, the corporations realized the loss of their business models. Print publishing took it especially hard, responding in ways that looked a lot like Elizabeth Kubler Ross’s Five Stages of Grief — Denial, Anger, Bargaining, Depression, and Acceptance. Print publishing’s use of the term “citizen journalist” is good example. It changed from at first patronizing,, to an attempt to control and spin things, followed by public conversation by old media on how they should respond to new media, on to writing negative comments on blogs using false names, until finally they saw their advertising profits flowing out the door like so much ink on the pressroom floor — which led to sales of properties, layoffs, and new social media teams playing catch up.

So what’s working and what will be next?

The Future in a One Sentence Test

Leaders want to build something they can’t build alone.

Social media doesn’t grow a business. Strategy and service does. Great and growing companies know what business they’re in and how to take care of the people who help their business grow. Facts are that … social tools are important in the way that computers, telephones, and pencils are, but business grows the way it always did.

The companies who can’t see their customers lose my business.
The companies who use social tools, but lose at service and partnership, might count me as a friend, but I don’t buy from them.
The companies that deliver great service are growing and I love buying from them whether they’re on Twitter or not.

I say this often. I’ll say it again …

In any sentence that uses the term “social media, you should be able take out that term and replace it with “telephone,” and the sentence should still make sense.

If you want to predict where social media implementation is going in the next two years, do the sentence test. After all, there was a time once, when cutting edge businesses had only one person who had a telephone. Here’s a brief discription about the telephone as a disruptive business tool.

–ME “Liz” Strauss
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Filed Under: Community, Marketing /Sales / Social Media, Successful Blog Tagged With: bc, history, LinkedIn, predictions 2012, social-media

What Is SOBCon, And Why Is It Different Than Any Other Conference?

January 2, 2012 by SOBCon Authors

Hi all, Starbucker here.  Recently I had a chance to sit down in Portland with SOBCon alum and video maestro Yasmin Nguyen to talk about the event.  We chatted about what made SOBCon different than any other event [Read more…]

Filed Under: SOBCon Site Posts Tagged With: bc

Are You Seeing the Things that Make a Difference to Your Business and Your Life?

January 2, 2012 by Liz

1200x1200--GeniusShared ReadWhere Do You Focus Your Vision?


Take a 60-second look at this lights in this photo then try not to look back again as you answer the questions that follow it.

Now look at this while space for a while as you scroll down to a few questions about what you saw.

Where do you focus your vision? What’s important in your business and your life?

Are You Seeing the Things that Make a Difference to Your Business and Your Life?

Everyday we interact with a world of information that has potential for adding something to our our business, our brand, and our life. But the ways our brains work, the way we jealously guard our time time, we as easily overlook what we’re seeing as finding the fuel and the data that might …

  • to make our work and our lives easier … It’s not that we’re not thoughtful enough to find easier ways. It’s that we’ve forgotten to take time to reflect and think while we keep up our breakneck pace, racing through time to beat a clock that would work for us if took the time to look.
  • make our work and our lives simpler … It’s not that we’re in love with the complicate and difficult. It’s that we’ve come to believe that balance is adding more and more things to juggle without stopping to sort which really deserve our time.
  • make our work and our lives more meaningful and inspired … It’s not that we’re without mission or purpose. It’s that we’ve let our heads get disconnected from our hearts, setting that inspiration at a lower priority, not letting our aspirations fuel our businesses and our lives.

And those those thoughts, those beliefs change our world by changing what we see and how we respond it.

So answer me this, when you saw photo above, did you see …

  • the three lights up front that look like stars and the fourth that did not?
  • the light in the window of the building next door?
  • the trees along the harbor?
  • the reflections in the water?
  • the way the water changes color?
  • the yellow in the sky?
  • the red light under the clouds on the horizon?

Think for a minute about what you saw and what you missed. Were looking with your heart or with your head? Or did you hardly even look?

I started taking photos of the harbor so that I would remember to look. After months of pictures what I’ve found is that the harbor never looks exactly the same twice. The light and color from the sky add mood and flavor. They communicate about the weather that is and the weather is coming. They communicate about my connection to it. And that communication has unlimited power to open my eyes, open my mind, open my heart to what inspires me to what’s important in my business and my life.

Did you believe that you didn’t have time to really look? It’s not just the beautiful harbor. It’s the clouds and colors in the sky that change one day to the next.

It’s not just the “what” of the bar graph. It’s the people behind it that tell you the “why.”
It’s in the looking that we find the nuance, the detail, and the color that inform a business, a brand, and a life. Understand those and your work and your life will become easier, simpler, and more meaningful.

Are you seeing the things that make a difference to your business and your life?

Be irresistible.
–ME “Liz” Strauss

Filed Under: Successful Blog Tagged With: bc, information, LinkedIn, vision

Thanks to Week 324 SOBs

December 31, 2011 by Liz

muddy teal strip A

Successful and Outstanding Bloggers

Let me introduce the bloggers
who have earned this official badge of achievement,

Purple SOB Button Original SOB Button Red SOB Button Purple and Blue SOB Button
and the right to call themselves
Successful Blog SOBs.

I invite them to take a badge home to display on their blogs.

muddy teal strip A

They take the conversation to their readers,
contribute great ideas, challenge us, make us better, and make our businesses stronger.

I thank all of our SOBs for thinking what we say is worth passing on.
Good conversation shared can only improve the blogging community.

Should anyone question this SOB button’s validity, send him or her to me. Thie award carries a “Liz said so” guarantee, is endorsed by Kings of the Hemispheres, Martin and Michael, and is backed by my brothers, Angelo and Pasquale.

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Want to become an SOB?

If you’re an SO-Wanna-B, you can see the whole list of SOBs and learn how to be one by visiting the SOB Hall of Fame– A-Z Directory . Click the link or visit the What IS an SOB?! page in the sidebar.

–ME “Liz” Strauss

Filed Under: SOB Business, Successful Blog Tagged With: bc, blog-promotion, SOB-Directory, SOB-Hall-of-Fame, Successful and Outstanding Blogs

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