Understanding H2O At Home: Can You Really Make Money With H2O At Home?

H2O At Home is a direct sales company founded in 1997. They started off in France and opened shop in the USA in 2009. They offer clean, non-toxic, eco-friendly related products for a variety of purposes. Additionally, they offer a business opportunity for entrepreneurs looking to making an income marketing their company or its products.

The Thing:

H2O At Home offers natural home care, organic personal care, and natural home fragrance. They provide products using their “3 E Concepts”, Efficient, Eco-Friendly, and Easy To Use. Their products are not only designed to be effective, but more importantly safe! Therefore, no more fretting over your child potentially being able to get a hold of the harmful chemicals in your household!

  1. Natural Home Care – They have several home care related products in this category but overall it is designed to save you money, ban toxic-chemicals, give you the ability to clean with water and their non-toxic chemicals, use less product to get the job done, make the cleaning process faster and easier, and includes only natural ingredients. Such items included are their Cleaning Clay Kit for things like ceramic or ovens, Lime-scale remover, Purifying Laundry Power, and many others.
  2. Organic Personal Care – This category includes Facial Care, Body and Hair Care, and Microfiber Bath Towels and Accessories all with 100% natural and organic ingredients.
  3. Natural Home Fragrance – All the products in this category are made with 100% natural essential oils to provide a safer home while saving you money. Items included are Aroma-therapy, Scented Extracts, Essential Oil Diffusers, and many others!

The Opportunity:

The question still remains; can you really make money with H2O At Home? In order to answer this question accurately, we need to look into their Compensation Plan, which is awesome fun and exciting!

It appears that there are 4 ways you could start making money with H2O At Home such as Personal Sales, Team Members Sales, Bonuses, and Rewards. I will briefly explain them below!

  1. Personal Sales – You are able to profit 25% to 40% commission from all of your personal sales.
  2. Team Members Sales – With this payout, you can receive 10% of your personally enrolled down-line members’ sales.
  3. Bonuses – They offer a Fast Start Bonus, eligible for new members for their first 60 days to earn up to $400 in rewards or personally enrolling someone into your team.
  4. Rewards – This isn’t necessarily a payout, however, you could earn 10% to 15% of your product sales in free product. That’s right, free!

To Conclude, Yes, You Can Make Money With H2O At Home!

The Cost:

For some, this is the most important question before joining H2O At Home or any company like this! It’s important to remember, however, that all businesses require some type of start-up fee! However, in this industry, it is generally much cheaper to get started then it is in a traditional business that could cost around $30,000 to start!

In order to get started with H20 you need to purchase one of their Business Starter Kit!

  1. Business Kit – $99.00
  2. Executive Business Kit – $230.00

With both kits you are able to get a Personal Website to help market and grow your business online for free the first three months and then $13.00 thereafter.

Final Thoughts:

The products this company offers are decent and seem to be great for those wanting non-toxic cleaning and personal use chemicals! However, their prices for certain items are rather pricey and could damage your budget quickly!

The opportunity is weak sauce! They only have four payouts and all four are low percentages. Also, finding a pdf of their compensation plan is difficult to do, for whatever reason, which is never a good sign. You are, certainly, able to make an income from marketing this company, however, it doesn’t appear like you will become rich any time soon and for most of us, that’s the goal! To make money while helping others receive a better standard of living!

The cost is affordable but for a company founded in 1997, they should have more options to choose from! However, both kits come with enough business materials, sample products, and training to get your business going and growing immediately! Also, the personal website for the first three months is nice and the upkeep cost for it is not bad at all! However, if you know how to properly grow a business like this, a personal company website is a total waste of money!

*Dustin Hale is NOT affiliated with H2O At Home or their business/income opportunity!

Terrorists Plan and Attack Soft Targets, What Do You Call It When Organized Unions Do That?

When it comes to hurting our economy exactly who is worse, International Terrorists of Large Unions? The reason I ask is simple, you see we are in a Presidential Election year, with less than 100-days to go, and the two candidates are talking about outsourcing American Jobs and debating why companies are leaving the US and seeking less hostile business environments; lower corporate taxes, few class action lawsuits, simpler regulations, and less grief from unions. Okay so let’s talk about who is really hurting our economy shall we?

There was an interesting article that appeared in News and World Report on September 7, 2015 titled: “With contract expiration nearing, UAW chief says he hasn’t picked an auto company to target,” by Tom Krisher, Associated Press Auto Writer – which stated:

“… UAW President Dennis Williams said Monday he’ll pick between Ford, General Motors and Fiat Chrysler,” and “Speaking after Detroit’s annual Labor Day parade, Williams didn’t address whether the contracts would be extended and gave no details about how the talks that cover about 140,000 workers are progressing; ‘Everybody says to me ‘Dennis, have you picked a target?’ Yes. General Motors, Ford and Chrysler,’ Williams said to applause during a post-parade speech. But afterward he told reporters that he would choose a single company by the time the current four-year contracts end.”

At the time of that article about one-year ago – The UAW (United Auto Workers) president stated he hasn’t decided, or THEY haven’t decided which car company to TARGET yet. WOW, any other sector in our economy and they’d face a Federal Indictment for conspiring in this way. I am pissed off with the double-standards we have in this Great Nation. It’s pathetic to allow the UAW to do this. Totally pathetic, Ayn Rand was right. Is this really about collective bargaining or is this about collective terrorizing.

And, what happens if companies don’t acquiesce? Simple, the union members will act like thugs, vandalize cars of “scabs” those workers who cross the picket lines, and harass management, part time workers and lobby to get government to come in and over regulate and fine the companies into exhaustion until they give up and pay up. Wow, so what is the definition of terrorism again?

“The use of violence and intimidation in the pursuit of political aims.”

Yep, that’s the definition and it sure fits these actions doesn’t it? So, if the democrats sponsor big labor unions, does that mean they are sponsoring terrorism? Well? Does it?

The Three V’s Of Communication Plus One

Making sure the message is received in any communication is vital. To insure the message is received, use of the three V’s of communication is often emphasized by experts. The 3 V’s are supported in a study of presentations by Albert Mehrabian, in which it was found that 55% of communicated information taken-in by the intended audience is visual, 7% is the verbal or text portion, and 38% is from the vocal speech of the presenter. These means that a lot of planning needs to go into a communication to insure the message intended is what is received. Below are some ideas on using the standard 3 V’s of communication, plus another to indicate the value that the receiver should get from the communication.

  • VERBAL – When it comes to what to say, the often used phrase of “keep it simple” is highly relevant for the speaker or writer. Words said or written in a communication must be limited, concise, and easily understood by the audience. Use of jargon or special terms should not occur unless the audience is specialized and familiar with the terms. Terms should then be defined to make sure everyone who hears or reads the message knows the meaning. Plan the topic, outline the message, be precise as possible, then consider the audience and make revisions to text as necessary.
  • VOCAL – Ever hear a parent say “it’s not what you said; it’s how you said it?” This statement is true in that it refers to the vocal message sent by the tone, volume, and speed of the spoken word. Tone is the pitch used in speech, the emotions generated or the words emphasized. Volume has to do with loudness or intensity of voice. What is emphasized, where are pauses, are whispers used to indicate confidentially? Fast speed can indicate excitement whereas slow can lead to audience boredom. Vocal changes in speech are easy. How can vocal elements be accomplished in written text? Tone and volume can be mimicked by using all capital letters to imply shouting, bold or underline is used for emphasis, and of course there is the exclamation point for excitement and enthusiasm. Pauses in speed may be indicated with ellipsis (… ) or a dash (-).
  • VISUAL – The old quote “a picture is worth a thousand words” may not be totally accurate, but it does present a valid point. People remember more of what they see than what they hear. Spoken communications should involve this sense by use of body language, facial expressions, gestures, and words that paint a picture in the audience’s mind. Written documents, handout, or slide presentation can do this more visually utilizing graphic images, photographs, and charts.
  • VALUE – Belief in the message by using WIIFM statements are a big key in any communication. People want to know “what’s in it for me?” All communications should explain what the effect on the audience will be, as well as why and when they should care about what is being communicated.

Make sure the vital message in a communication is received by using the three V’s of communication plus the value V. Remember to put some planning into the communication in order to utilize visuals that will enhance the vocal and verbal portions of the communication.

Do First Generation Franchisees in a Franchise System Get the Shaft from Franchisors?

On numerous occasion former franchisees of various franchise system have complained that as the franchisor grew the rules changed and eventually forced them out of business – is this a common occurrence? Well, some believe it is and several have emailed me about this problem as I am a co-author of Franchising 101, the premier book for those considering on buying a franchise and wishing to learn the ropes. One of these former franchisees, I replied in an email to recently:

I see you seem to be upset with the first generation of “franchisees” in a new system. I have generally found that the newest franchisees of a new system either get the red carpet or they are forced out later, because the franchisor is able to get more money for territories sold too cheap or too large.

It is unfortunate if indeed a franchisor has forgotten from hence he came. I can remember first starting out in business and running my small business for over a decade, which was nearly identical to the franchised units we later sold. Still, the former franchise who felt slighted by their franchisor stated:

I know, as a former franchisor, that you defend franchise failure as a failure of the franchisee and not a failure of the franchised business plan.

Well the fact is that I am not obligated to defend anyone, actually, I was for a long time the anti-franchisor, franchisor actually. What I am saying here is that it is not so black and white. I have had franchisees from hell, I have had to sell franchises to people I did not want to, because of laws in franchising and then been screwed over by franchisees not paying royalties, changing the name of their business and continuing, when we lost money setting them up and they cheated me. So, that is another thing that happens, over time you are less lose in the deal making and a little harsher to prevent being taken advantage of.

The former franchise then asserted that the franchise failure rates and the information is hidden from view and even the SBA does not come clean on the problem. He stated:

The SBA uses the Loan Default Rate on Franchises on the SBA Registry to prepare Risk Profiles and you can’t dispute that the failure rate of first-generation franchisees, if many, does indicate that there is something wrong with the plan.

I do not dispute anything, I tend to agree, although the franchisors that are very big, rarely, if ever share their economies of scale with their franchisees, they over charge them for supplies and work to squeeze profits out of their signed up captured audience. Yet the larger franchisors get carte blanche with regulators, literally. This can be problematic in my observation and first hand experience, thus I am not amused and fear that someone somewhere named Adam Smith did indeed warn us all of some of the problems with government regulators who cozy up to one business, against another.

I have found that there is something wrong with every business plan, even the ones I have created. You see, planning is about change and adapting so you must change with the flow, but over regulation prevents that, this is why Schlotsky’s Deli got caught with their pants down with the Atkins and South Beach Diets were all the rage, belly up along with Krispy, that got Kremed. Franchising does best when the government stays out of the way and allows free-enterprise to work. Think on this.

Some say that in the UFOC – Uniform Franchise Offering Circular that is required to be given to new franchise buyers that in Item # 20 franchisor are able to hide franchise failures as transfers. These critics state that regulators allow this musical chair game and it impedes the franchise buyers knowledge of the true success rate and hides their failed business plans. Therefore all the original founding franchisees, which may have failed or been sacrificed for growth strategies in some cases are not recorded as having failed, even if they transferred in a “fire sale” type situation.

Of course, once the franchisor is up and running with 100s of franchisees the Business Plan, system and such is completely different and changed. The original founding franchisees generally have lots of other advantages too. Although you are correct about the original franchisees. The franchisor is busy trying to make it work and balance while trying to comply with all the insanity, rules, the changes and modifications needed for regional variation and dealing with new things that they are not use to. Franchising is a lot different than running company owned units, it is unbelievable the transition.

Critics remind folks like me on this side of the debate that under the 1970’s Franchise Rule, the FTC was to protect franchisees by requiring franchisors to disclose information to allow the franchise buyer relevant data to make an informed investment decision and ascertain the risk.

Indeed this is the actual history of franchising law and the FTC perhaps, but those laws have grown and now you see the 250 + pages of disclosure documents that are needed to comply, which in the end serve no real purpose. Imagine the barriers to entry for new franchisees $45,000 to produce documents, $25,000 per year to stay registered in the registration states, $30,000 minimum for audits.

Meaning a new franchisor has to pass those onto the new franchisees. Pretty unfair, especially as a new franchisor has a tough time getting going, after all who would buy a franchise if there are none already? Thus the franchisor has to make deals, cannot be too choosy and this is the basis for most of the original franchisee failures, but remember the over regulation is a factor hurting the franchisor.

One recent knowledgeable franchising critic to these issues and a former franchisee, who felt slighted by his franchisor, stated that the columns in Item # 20 of the UFOC are severely misleading. He pointed out that the transfer columns in Item #20 were a solution to the dilemma of ambiguous information in the disclosure document, but all this has done is allow for manipulation of franchisee failures that are then hidden from the franchisee buyer.

Yes, this does occur, whether by design or necessity or dodging the truth in disclosure and since it is legal, it appears that it is done more often than it ought too. Nevertheless, we are talking a legal technicality, but if we ditch this all together then the franchisee buyer would still not know. The entire UFOC and the new rules are ridiculous, too cumbersome and a slap in the face to the right of citizens and the right to free contract, and to the point of misleading information, well that is yet another result of the over regulation and insanity of the UFOC format.

Some believe that some franchisors like the format charts for Item # 20 that allows them to hide negative information, yet I know of no one who has ever said anything good about it (franchisor, franchising attorney or franchisee) and thus, I often recommend the book “Tips and Traps” for folks who wonder about Item #20. One angry former franchisee stated that Item # 20:

It gives the Government deniability because they don’t really know what the transfer columns are indicating in terms of success or failure of the franchise that is being regulated, and they don’t want to know.

I think most consumers and franchise investors give the regulators too much credit. SPAM went up 3000% since the FTC took over that task, Identity Theft is out of control and what do they do, harass the little guy and make things tougher. Indeed, the biggest purveyor of American’s personal identity is the government and they give away the most information, now they will be giving databases to foreign governments under the auspice of anti-terrorist information.

Thus it appears to at least this Franchise Consultant that if the consumer is looking to government to protect them, and thus believing that they can skip some of their own checking and due diligence that they are in for less than they bargained for. Buyer beware, well that’s my best advice and it comes from a heck of a lot of experience, there is no substitute for due diligence let me tell you.

Next in this ongoing debate and saga is the issues of churning, and how some franchisors who call it re-selling have used this as a franchise system management tool to eliminate first generation franchisees in order to make money selling them again and tightening the controls of the franchise system, as it grows. As a franchise consultant and studier of the industry for years, I admit there is a “Re-selling” or the not so nice term churning strategy going on in Franchising today.

Many attorneys at the ABA forum (which I scan daily and for the past 5-6 years) are concerned about these issues also. Indeed not long ago a few were trying to figure out what that guy in Las Vegas is doing, he seems to be the outsourcing churning king. Sure, this helps franchise systems and it is completely legal, but what about the franchisees who are churned and counted as transfers instead of failures, having lost all their money and nearly gone into bankruptcy and barely got out by the skin on their teeth in order to save their credit or prevent a larger debt as they leave?

As good as this new lady is at the FTC, Deborah, a President Bush appointment, she has no clue as to the blatant incompetence of the FTC in the Franchising Realm (my opinion, I have plenty of documentation, if anyone is interested to back up my comment). Many former franchisees and franchise rights advocates in Online Franchising Forums and Blogs state there are number of large Corporate franchises that do a significant amount of churning.

They name names like MBE – UPS Store, Quiznos, Subway and 100s of others and state they are hiding all the failures and bankruptcies in the “Transfer Column” of the UFOC in Item # 20. I have seen it too, not necessarily with those particular companies, I have not checked, but I have seen this scenario too many times to mention, thus I realize it is an issue.

In fact these comments appear to be spot on with regards to Large Corporate Franchisors and Susan Kezios, President of “Women in Franchising” and “The Franchisee Association” in Chicago told me the same thing. It seems rather than addressing this issue at the FTC, since it is fully legal, the regulators will go after companies they think will not fight back or that are slightly outside the protection of the Industry and much smaller and bury them in court paper work. To me it seems outrageous and disgusting, but I did not make the law.

Once, I sat in on an MBE franchise seminar once to see what they do, I felt bad for those investing in such franchises, indeed, I felt sick to my stomach, many large franchisor put on what appears to be more of a dog and pony show in franchise sales seminars. Some former franchisees say that the SBA helps hide the risks in modern day franchising. In my opinion this is a half correct statement. Other critics say that the Franchising Industry is subsidized by government, again, in observation that is also hard to argue.

You know this goes way back to when all the gas stations were selling to foreigners after the fall of the Shaw of Iran. Folks came to the US and wanted to start a business and many would buy gas stations because the understood that Oil and Fuel = Wealth. Then these immigrants who came with down payment monies, business skills would buy a fuel station franchise. When they were not making money as fuel re-sellers and franchisee gas station owners, then they would sell the non-performing business to another immigrant.

Often this went on and on, churning, sometimes over 5-6 sales. Yes, all SBA loans the price was 60% over its value – hello taxpayer on the last loan that defaulted. I thought that was unfortunate, but when you talk about subsidy, are at least partially correct, probably more than they even realize, as most folks are not very aware of this issue, which is water under the bridge now.

Most of those buying a franchise borrow money in order to attain the American Dream of owning their own business. They are not gambling in the stock market as one critic of franchising stated, nor are they using discretionary funds to buy the business. They are looking for self-employment as an answer.

I concur with these critics actually. In fact, this is what every single franchise buyer told me, and they were serious, most I sent away, as our franchise is hard work and lots physical work and as labor got tight. Apparently, this is why we have franchise laws to protect the investing consumer, but these franchise laws are not serving anyone, not the consumer or the franchisor therefore both are hurt in the end with bureaucracy, over regulation and huge legal fees. Since franchising is a win/win, no one is well served. It is time to de-regulate the franchising industry, and get government out of the way.

Personal Goals Achieved Easier For A Better Life

Having measurable planning with goals and objectives are so very essential to living a life of purpose and passion. Far too often in life when we are ambitious to reach a dream, perhaps it’s setting goals at work, or other personal goals, we reach far too high too quickly.

I’m going to share a quick scenario I heard told at a recent transformation conference that one of the other speakers talked about in his discussion about objectives of planning.

Before a commercial plane takes off, the pilot has a really clear location in mind, and a flight plan to get there successfully.

The plane leaves at a particular time, and begins towards a specific destination.

The plane is off track, though, at least much of the time, while climate conditions, turbulence and other factors trigger this.

Feedback is given to the pilot constantly.

The inertial guidance system of the aircraft continuously assists the pilot to revise the airplane and examines the position to reach the anticipated destination on time.

The plane takes off on time, shows up on time, and yet is off course 90% of the time, but the passengers never realize this.

Now envision you are the airplane, and do you have measurable goals and objectives?

Exactly what is your destination, and do you have a flight strategy?

One of the common qualities of highly effective people all over the globe is that they are extreme at having measurable goals and objectives.

Effective individuals understand where it is that they wish to be in life, and they have a clear strategy to get there.

Their “destination” is the list of personal goals that they have actually jotted down, and their “flight strategy” is the measurable goals and objectives.

It’s how successful people grow!

I do a lot of discussion with my readers and listeners about the objectives of planning, and often get feedback concerning the successes and obstacles in setting and attaining goals.

The concern that I am most often asked in this area is “How do I set measurable goals and objectives if I have no idea exactly what I want to do?”

In response to this concern, here are a few personal objectives and goals where you may want to chart some objectives of planning.

– Setting goals at work or career

The late Wayne Dyer was high recognized for telling us that, “What we think about we get more of.”

Preferably, you are positioned on a positive career course, leading to increased chances and raises.

Hopefully, you also eagerly anticipate going to work virtually every day, and your incomes are commensurate with the effort you take into your job.

You invest a great deal of hours into your work, so it’s essential that you are doing something you are happy with.

The Course in Miracles states, “You can not be happy unless you do what you will truly, and you can not change this because it is immutable.

– Self-Growth and Personal Transformation

The world is growing more intelligent and changing faster than ever, so in order to prosper, we should transform along with it.

The method for personal transformation is by self-growth individually. Read every day in your decided passion.

Next, pay attention to audio tapes, CD’s, watch videos, and get a hold of all the self-growth material you can.

Attend or take classes lectures and workshops, perhaps join a master mind group.

Establish a support structure to hold you responsible for the measurable goals and objectives that you are dedicated to in your life.

Working with a personal coach is a great method to do this.

– Financial freedom

In its most basic kind, financial liberty means having freedom from financial tension of any kind in your life.

Practical methods to get to this point, if you aren’t there currently, consist of saving a percentage of your earnings, having a reserve of six months living expenditures in the bank, and so-forth.

It’s a huge challenge for some, but a worthwhile personal goal.

In a previous discussion I went deep into how to attract wealth and financial success involving spiritual metaphysical principles.

– Have right-minded Relationships

How are your relationships with your family (kids, partner, dads and moms, siblings)?

Do you have a close circle of personal friends?

Don’t forget relationships within your professional network (lawyer, accounting professional and yes, it’s good to know a handy man for around the house.).

– Health/Physical fitness.

Health is exceptionally crucial, and yet we seem not to put much emphasis there, but we need to do so.

Exercise at least 3 times per week, even if that suggests bicycling or walking for 15 or 20 minutes. Get plenty of sleep each night.

Be kind to yourself, don’t crucify or self-criticize yourself for errors, as humans we must learn from our mistakes and move forward in life.

The Course in Miracles asks us in one of its many spiritual metaphysical principles, “Would you join in the crucifixion or the resurrection.”.

– Spiritual or mindfulness peace.

There is no substitute for peace of mind, and the way to obtain this is through a relationship with God, or the spiritual equivalent for you.

Be involved in ongoing spiritual growth. Contribute both time and kindness of heart to charitable associations and/or your formal place of worship.

– Setting Goals at Work and for Fun, too.

It’s great that you have measurable goals and objectives for your career and/or job, but be sure to do the same for having fun and relaxation.

This is about requiring time on your own, enjoying whatever it is that you prefer to do.

Regularly take weekends, holidays and evenings off.

Take a vacation or two, or three, or more, every year, to refresh/energize/nourish yourself. Yes, I mean be 100% committed to relaxation.

While this time may appear unproductive to some, it will cause higher performance in the long run. And it will be more enjoyable, too!

(I also invite you to look further at other sessions I’ve had on steps to achieve goals and accomplishing your dreams regardless of the naysayers.)

To meeting your personal goals!

The Strategy of Leadership is Thinking, Vision, and Planning – The Future Depends On It

Grammar speaks of events occurring in three plains. The past was, the future will happen, and we live now, the present. However, operating in the information age, the age of instant global communication, makes the future now. Gates [1] wrote we are citizens of an information society. He noted that past generations, and past societies found ways to gather information, get more work done, increase life spans, and improve their standards of living. Time was not as critical in those past ages. A message from a ruler may take months to arrive by sea courier. The Pony Express was six days. Airmail was cross-country overnight. The time span between thought and action are virtually unidentifiable today. Although leaders rely on collective knowledge sharing, leaders who engage in strategic thinking, imagining events as happening rather than will happen, allows them to view the present as their personal and organizational future.

This paper considers how important strategic thinking is for leaders who want to shape their future and the future of their environment. Strategic thinking is the starting point for creating vision. Traditional planning gives way to flexible organizational structures that change “on the fly.”

Strategy in past generations allowed leaders time for thinking, sensing a vision, clarifying the vision, articulating it to begin considering action plans. Accepting that the future is no longer an event to happen later, this paper explores how leaders think, envision, articulate, and plan. How do leaders continue to use strategy to their advantage in a rapidly changing global environment? The answer is in the age of possibilities [2]. Today, as never before we are free from traditional bonds of work, we are free to choose our futures as well as shape them to suit our own desires and needs.

This age is an extension of Gates’ information society. We have the ability to choose our reality in a way that never before existed. In the past, a baker’s son became a baker. However, many leaders of the past came from unexpected places. The Biblical King David was the young son tending sheep (1 Samuel 16:11) and Jesus was just the carpenter’s son whose mother we know (Matthew 13:55) [3]. Truman had leadership thrust upon him. These people saw a point on the horizon but events changes their vision. The age of possibilities allows us to rewrite our future as events dictate.

Accepting that we can change as events dictate suggests that there is a less linear structure in this image and a more chaotic non-linear structure. Sanders [4] describes an organizational structure as a known initial condition but the future appears random. Using the model of the “Lorenz Attractor,” she presents a view of interacting and interrelated parts that appear disorderly until a closer inspection reveals the spiraling order hidden in the model. The Gates’ information society and the Taylor and Wacker age of possibilities do not depend on a linear progression of thought and action and Sanders holds the non-linear nature of the new science of strategic thinking allows us to understand natural order on its own terms.

Strategy

Does strategy have some mythical or mystical property? Leaders and leadership use the word in many contexts, perhaps not really acknowledging what strategy is. Therefore, a simple working definition of strategy for this paper is the deliberate means of attaining an outcome, being visionary.

Mintzberg, et al [5] explains that strategies inevitably have advantages and disadvantages. The advantage of setting direction is charting a course; however, the disadvantage is narrowing vision, hiding dangers. The advantage of focusing effort is coordination of activity; however, the disadvantage is groupthink. Having a definition of the organization provides understanding of the organization; however, the definition may hide the complexity of the supporting systems. Having a strategy that provides consistency establishes order in a way that reduces ambiguity; however, creative groups appear to operate with little or no consistency.

Strategy involves paradoxes as the above paragraph suggests. One paradox tells us the story of answers and questions, once you think you have all the answers, someone changes all the questions. Taylor and Wacker state this paradox as, “The more you are right, the more wrong you will be.” This contradiction confuses the reader, if you are right, how can you be wrong? How? The speed of knowledge accelerated beyond our ability to absorb it in our traditional learning pattern.

Another paradox for visionary leaders involves predicting the future. Leaders who are successful predictors of the future act as agents destabilizing the present. Taylor and Wacker explain that today’s realities and tomorrows expectations collide. The allocation of resources between present and future “produce a massive future-based political problem with huge consequences for the present.”

Strategy at Work

The State of Nebraska recently made National news with the passage of LB1024 that, in effect, created segregated school sub-districts in Omaha. The bill was the Unicameral’s way to defeat intercity lawsuits claiming “One City – One School District.” The City of Omaha annexed several small suburban communities to its west, provides police, fire, and city services to these communities; however, the communities remained independent school districts.

The City of Bellevue annexed several Sanitary Improvement Districts (SID) to its west, provides police, fire and city services to these incorporated SIDs. Previous mayors and city councils of Bellevue and Papillion drew arbitrary boarders marking the fringes of the two cities school districts in, what were then, unincorporated zones. Population growth attached itself close to Bellevue. Now, Bellevue’s city limits extend beyond the school district boarders. Therefore, Bellevue claims “One City – One School District.”

By passing this bill, Senator Chambers [6] acknowledged formal segregation of the districts. LB1024 created two super-districts, one in Omaha, and one in Bellevue. In Omaha, the super-district has three independent sub-districts. The independent sub-districts have authority over teacher hiring, measures of teacher/student success under federal No Child Left Behind, and administration of their own budget. The super-district has academic authority over the smaller sub-districts.

The strongest supporter of the LB1024 is the State’s strongest proponent of desegregation. Why did Senator Ernie Chambers of the State’s 11th district support the bill? He claimed the Omaha school district is already segregated. Segregation re-occurred with the end of bussing in 1999. Yet, no Omaha high school is more than 48 percent African American.

Bellevue Mayor Jerry Ryan acknowledged the drain on city funds fighting to redraw school district lines. The fight in Bellevue and Papillion is over federal dollars to schools with a population of children of military families. Offutt Air Force Base is located near Bellevue and military dependent children attend elementary and secondary schools in both cities. Redrawing district lines would result in more federal money to the Bellevue Public School District.

Strategic Thinking and Vision

Reading the paragraphs above may leave the reader asking, “What were they thinking?” Recall the paradox of predicting the future affects the present in adverse ways, yet successful leaders operate as though the future is now.

Another view is that nothing turns out exactly as expected. This may leave leaders in an action quandary: Strategic thinking in the midst of shifting paradigms servers to help organizations “identify, respond to, and influence changes in its environment.”

Strategic thinking allows leaders to think in terms of opportunities to innovate and influence their future and the future of their organization. Strategic thinking aids in abandonment of policies and procedures that are outdated, obsolete, or ineffective.

Strategic thinking is having an awareness of what has not yet taken shape, having foresight. Foresight has a facet that is an individual ability and behavior and it can be a process or activity in business. On a macro level, foresight is a global practice. Note, reaching a macro level must pass from micro – individual, through mezzo – organizational, to reach macro. Foresight starts with the individual leader seeing or sensing something better [7].

Foresight is more than vision; it is visionary. Being a visionary leader means being provocative and questioning rather than seeing answers. Mintzberg, et al (1998) calls upon visionary leaders to operate on emotional and spiritual resources, values, aspirations, and commitment. Leaders need a mental image, build a mental model of a desirable future state. The visionary state is as simple as a dream or complex as a written document outlining the dream in measurable steps.

Visionary leaders must next translate the dream of the desirable future state into a vision they can share with the organization. Sharing a vision must be proactive, must be like a theater performance. Mintzberg, et al addresses performance by the leader as a rehearsal. Rehearsal is the practice of the vision, learning everything they can about the vision. Upon becoming comfortable in rehearsal, the leader must openly perform the vision. Performance brings a dream to life; however, performance has no value without the attending audience. The organizational audience views the performance while feeling empowered to mimic the performance. Organizational mimicking of the performance serves as a starting point for transformation to a higher state of consciousness, becoming, as Senge [8] describes, a learning organization.

Bellevue, Nebraska is the third largest city in the state. Eight years ago, Jerry Ryan made his first run for Bellevue Mayor winning an election against a popular mayor. Bellevue’s population in 1998 was about 29,000. Improvements in transportation, cost of housing and housing developments, and growth in retail and commercial ventures has caused an explosion in population to almost 50,000 with an extended sphere of services into not yet annexed developments of an additional population of about 15,000.

In the May 2006 primary, Mayor Ryan [9] ran against a field of opponents. Mayor Ryan ran on the ideal that Bellevue has reached a size that requires a full time mayor devoted to the city. Opponents, all in their seventies, do not share his view. Mayor Ryan won the majority of primary votes telling the city his vision. In interview with Mayor Ryan, he expressed how hard it is to run a city of 50,000 part-time. “Citizens think I run the city. They are not aware that it is the City Council that approves all action. And, the City Council doesn’t want a full time mayor,” said Ryan in interview. “If there is one thing I’ve failed to do,” said Ryan, “is adequately share my thinking and vision within the council.”

In the “One City – One School District” battle in Omaha, the school district argued that incorporation of suburban districts into Omaha would create a broader tax base, allow for creation of magnet schools throughout the district, and more equitably share resources. Senator Chambers, in support of LB1024, argued that schools already segregated would have more administrative control over their districts to create educational opportunities for racially distinct schools by racially distinct administrators. Opposition to LB1024 was high before its passing, the Governor faced strong opposition for signing it, the Attorney General believes it is in violation of federal law and unconstitutional and Omaha’s most famous citizen, Warren Buffet, expressed his strong opposition.

Senator Chambers is the only African-American state senator who is controversial and outspoken. Many of his claims include racially provocative statements against police, school administrators, teachers, and fellow senators. By contrast, to Mayor Ryan, Senator Chambers does not appear to have a vision based on strategic thinking. Senator Chambers’ term in the Unicameral ends in 2008 and he cannot run again because of imposed term limits.

Morgan [10] offers some thoughts on social construction of reality. What he writes is people have images of themselves and these images unfold into their reality. Two leaders identified thus far have diversely different views of reality. One holds a vision of what can be for the city while the other fights against change using deeply entrenched assumptions of the power of others to shape events.

Another person, a division head of a large First Data Corporation region [11], offered some insight into strategic thinking and being visionary. In an impromptu interview, she held that having a focus on what is possible helped her rise within a company at a time when it was having serious leadership troubles. When everyone else was seeking safety, she sought innovation-providing direction when it appeared there was none. Her member services region is the western United States, Canada, and Mexico. She said, “I thrive on chaos. When things look the most confused, I see my division diversified, flattened, with empowered subordinate managers.”

Our dialogue continued on chaos with Kim conceding she manages chaos within set organizational plans and policies. This lead to her admission that she is more ordered in her expectations and spends more time planning than thinking and creating vision.

Strategic Planning

Hill and Jones [12] discuss strategic planning with the same cautions of Davis [13]. One concept of planning is doing so under uncertainties. In life and business, the only certain is uncertainty. Organizations cannot plan for the future because it is unpredictable. Another consideration is planning cannot be a top-management function alone. This “ivory tower” planning may result in senior leaders thinking in a vacuum, being enthusiastic about a plan and having no operational realities. Finally, strategic planning often suffers because planners have a short-range view of the current environment missing the dynamics of the competitive environment.

Mintzberg, et al devotes a section to “Planning’s Unplanned Troubles.” They explain that planning establishes inflexibility. They support the assertion presented above with the fallacy of predetermination. This fallacy says organizations are able to predict the direction of their environment, are able to exercise control over the environment, “or simply to assume its stability.” “Because analysis is not synthesis, strategic planning has never been strategy making.”

Reverse course a little, planning is not a bad thing when used in cohort with strategic thinking and visionary leadership. It is applying the controlling element strategy to planning that causes problems. Morgan argues in favor of plans and planning when created in a visionary framework that can evolve as circumstances change. What they insinuate in relating the tail of the “Strategic Termites” is unpredictability of organizational structure. An organization’s leader does not need a strategic plan to impose order. Order, like in a termite colony, emerges in an evolutionary way. Planning is not guided by plans rather by a sense of know what the organization wants to ultimately achieve. Ideas, action, and events occur separately but self-organizing yet apparently disorganized groups of termites seize the opportunity to initiate change.

The Future Depends On It

Seeing the future depends on foresight. Having a future view and strategically thinking of the future creates a new paradigm, part of the paradoxes already discussed. One old paradigm suggests future thought as a prediction and development of plans based on the prediction. Making plans establishes policy necessary to reach the predicted future. When the predictions fail to materialize an organization scrambles to recover. Another paradigm is the invention of the future. This means people both construe and become constrained by the structures they enact and change through practice. Gaspar [7] refers to the work of Mintzberg, et al, saying the old paradigms do not work in future thinking organizations. She tells us we must integrate a strategy that includes patterns and perspectives with planning and positioning.

Take a view of American companies 100 years ago. Of the top 12 companies 100 years ago, ten dealt in selling commodities. Today, of the top 12 U.S. companies, three deal in commodities. The remaining nine companies deal in services, manufacturing, and high technology [14]. The only thing certain is change and business leaders must learn to cope with it in order to manage it. Coping with change and managing it mean businesses can profit from it. The future of business is knowledge driven. Countries must be smart, companies must be smart, and people must be smart.

Countries, companies, and people must be equally smart at the same time. To win the future game, each of the three must anticipate and adapt to change in order to manage it effectively. Mayor Ryan admitted that government is slow to change. By example, he cited the city council established a steering committee to investigate whether the city needed to spend money for computers in the mayor’s office. The city has a web presence but the city council did not adopt an intra- and inter-city email system until the steering committee received confirmation from surrounding cities of their system usage. The mayor is 72; by contrast, the average age of the city council is about 63. Mayor Ryan recognizes the value of technology and aggressively seeks younger citizens to enter city government. He hopes forward thinking younger people will drive the risk adverse council toward active and aggressive risk management.

Senator Chambers is the longest serving Senator in the Nebraska Unicameral. He is 69 years old and suffered racial slurs and isolation from fellow senators when he took office. Slurs and threats, chalked on his capitol office door, remain and he considers these a badge. He does not appear on the senate floor in suit and tie. He wears blue jeans and sweat shirts in protest to conformity. However, Senator Chambers seems to exist in an era when racism and segregation were the norm. He rarely seeks coalition with other senators preferring to be a voice of defiance [15].

These two leaders view the future differently. While one hopes to achieve the future by recruiting younger forward thinking people into the political system, the other remains rooted in the past. Neither manages the future proactively but approach the future based on present and past experiences not through information seeking, strategic thinking, and visionary mental modeling.

Conclusion

This paper discussed strategy, strategic thinking and vision making, planning, and the future. These are not separate activities although the discussion presents them individually. By recognizing the Lorenz Attractor as a spiral of interacting parts of an organization, one can also find this model fits a non-linear process of thinking, vision, and planning. Seeing the future as an evolving present helps leaders comprehend that rigid policies based on formalized strategic plans inhibit response to change.

Strategic thinking and vision creation suggests that leaders continually test their mental model with new thinking and questioning – progressively looping thinking, vision, and new information into new thinking. This cycle process allows leaders to anticipate disruptions in the business cycle. Leaders who question themselves asking, “what if …” know “what if …” These leaders are future seeking and organizations employing these leaders are future seeking learning organizations prepared to change before change occurs.

This paper does not deny the value of planning as part of a strategic process. However, rigid planning that does not calculate the shifting horizon of organizational development leaves the company questioning, “What happened,” rather than “what’s happening.”

Foresight allows for strategic management, forecasting and positioning of an organization. The outcome from foresight in business is the anticipated future becoming an inevitable future.

References:

1. Gates, B. (1996). The Road Ahead. New York: Penguin Books.

2. Taylor, J., Wacker, W. with Means, H. (2000). The Visionary’s Handbook: Nine Paradoxes that will Shape the Future of Your Business. New Youk: Harper-Collins Publishers, Inc.

3. Holy Bible. New International Version. Bible Online. Retrieved from http://www.bible.com.

4. Sanders, T. I. (1998). Strategic Thinking and the New Science: Planning in the midst of chaos, complexity, and change. New York: The Free Press.

5. Mintzberg, M. Ahlstrand, B. & Lampel, J. (1998). Strategy Safari: A guided tour through the wilds of strategic Management. New York: The Free Press.

6. Gaspar, J. (2005, August 21-24). Corporate foresight – an attempt to listen to the voices futures’ generations in the strategy making process. Future Studies Department, Corvinus University of Budapest. Retrieved June 15, 2006 from http://www.budapestfutures.org/downloads/abstracts/Gaspar%20Judit%20Abstract.pdf#search=‘judit%20gaspar%20corporate%20foresight’

7. J. Ryan (personal communication, April 28, 2006) in discussion of mayoral leadership strategy in a metropolitan community.

8. Senge, P. M. (1990). The Fifth Discipline: The art & practice of the learning organization. New York: Currency and Doubleday.

9. Morgan, G. (1993). Imaginization: The Art of Creative Management. Newbury Park: Sage Publishing, Inc.

10. Hill, C. W. L. & Jones, G. R. (1998). Strategic Management: An integrated approach. Boston: Houghton Mifflin Company.

11. Davis, S. (1996). Future Perfect. Reading, MA: Addison-Wesley.

12. Ong Teck Mong, T. (2006, May 7). Anticipating and Managing Change: The Key to Future Success. Asian Institute of Management 37th Commencement Ceremonies. Retrieved June 16, 2006 from [http://www.aim.edu.ph/home/announcementc.asp?id=741].

13. Ernie Chambers. (2006). Wikipedia. Retrieved May 31, 2006 from [http://en.wikipedia.org/wiki/Ernie_Champers].

14. Blackman, D. A. and Henderson, S. (2004). How foresight creates unforeseen futures: the role of doubting. Futures, 36. 253-266.

15. Johnson, T. A. (2000). An Intellectual and Political Biography of Nebraska State Senator Ernest Chambers: Activist, Statesman, and Humanist, 1937-. Plains Humanities Alliance: Events. Retrieved May 31, 2006 from [http://libr.unl.edu:2000/plains/events/seminars/johnson1.html]

16. Nadler, D. A. and Tushman, M. L. (1997). Competing by Design: The Power of Organizational Architecture. New York: Oxford University Press.

17. Somasegar (No First Name) (2006, January 21). Strategic Thinking. Retrieved June 2, 2006 from http://blogs.msdn.com/User/Profile.aspx?UserID=3644.

The Dangers of Traditional SWOT Analysis

It’s that time of year again. And, no, I’m not referring to Christmas shopping. It’s only September, for gosh sake!

I’m talking about strategic planning.

This is the time of year to pause for a bit longer than usual and think and about what winning will look like next year. It’s when we peer into the future to determine where our organizations need to go and what we need to do to get there in the upcoming calendar year. It’s when we identify our top three to five strategic objectives, lay out the specific action steps needed to achieve them, and determine a realistic timeframe for reaching our destinations.

For most companies, conducting a SWOT (strengths, weaknesses, opportunities & threats) analysis is an integral part of the strategic planning process. And it can be very helpful because an accurate identification of SWOTs plays an important role in determining subsequent steps in the planning process.

For those not familiar with SWOT, strengths are those areas where we excel that are not easily copied by others. These include things like financial and people resources, infrastructure, management, price, delivery time, brand strength, customer service, product quality and so on. Weaknesses are the risks or limitations that get in our way. Anything that constitutes a strength can also be a weakness if we don’t perform well in that area.

Opportunities represent possibilities that we can capitalize on or leverage. They come in all shapes and sizes and can pop up as a result of market trends, new technologies, changes in the political or economic environment, competitor actions, and more. Threats consist of events in the external environment that give us cause for concern. For example, what are our current competitors likely to do, and where might unexpected competitors come from? An opportunity can also be considered a threat if our competitors are better positioned to take advantage of it.

When used properly, SWOT is a powerful planning tool. Unfortunately, many companies misuse it by getting stuck in old patterns of thinking about problems and threats rather then looking ahead to where the company needs to go and focusing on winning.

A primary goal of strategic planning is figuring out what you can do, not what you can’t. However, rather than looking for new and better ways to add value to their customers, many companies use the SWOT process to focus on blaming competitors, the economy, or other external factors for things they can’t control. As a result, they end up spinning their wheels rather than gaining any real traction to move the company toward its destination.

The key to using SWOT effectively is not just identifying your strengths, weaknesses, opportunities and threats. It’s asking the right questions and using the information that gets uncovered in an appropriate manner.

For example, when considering your organizational strengths, ask questions like:

  • Where have we really been able to excel?
  • Is there something we have that we don’t use/do enough?
  • Is there something we can develop quickly that we can leverage?
  • What do others consider our greatest strength?

When considering weaknesses:

  • What has gotten in our way in the past?
  • How do we get in our own way?
  • What processes do we have for identifying weaknesses in the organization, and how well do these processes work?
  • What processes do we have for addressing these deficiencies, and how well do these processes work?
  • What functional silos are scattered across the organization?
  • Are we monitoring signs and signals from the marketplace that can both support our expectations, if appropriate, and provide strong evidence when new paths are desirable or necessary?

When identifying possible opportunities:

  • Is there a product, a customer relationship, or a market presence that we can better leverage?
  • Is there something we would pursue if we had more resources (people, dollars, time, etc.)?
  • What are our competitors most worried we will do? Should we?
  • What signals are critical to assessing our relationships with our market and customers?
  • How diverse is our portfolio of business relationships and opportunities? Are there numerous ways to succeed?
  • What investments are we making whose primary returns will be in the long term?
  • Are our plans formulated in ways that they will support adapting to evolving or new market opportunities, including unexpected opportunities?

When considering threats:

  • What are we most concerned about?
  • Are their new or different competitors likely to emerge?
  • Is there a potential supply problem?
  • Do we have good relationships with employees, vendors and customers?

It also pays to analyze and review how you conduct the SWOT process itself. Not just after the fact, but as you’re engaged in the process. For example:

  • What proportions of our organization’s resources go towards maintaining and enhancing the status quo?
  • How much time do we spend leading and nurturing new directions?
  • What new efforts have we started in the past year? What efforts have we stopped?
  • Is our long-term thinking focused on the few critical things that matter? Are we vigilantly avoiding the many possible diversions?
  • Do we have the people and financial resources to execute our plans successfully?
  • Do near-term problems and opportunities frequently preempt long-tem plans and undermine progress?
  • Does it seem like the rest will be easy once we have finished our plans?

Becoming a leader in today’s chaotic markets requires fast, flexible and highly adaptable organizations. Ones that anticipate and plan for change rather than react to it after the fact.

A SWOT analysis can help you achieve this strategic agility, but only if you use the information to break away from old patterns of thinking and make strategic decisions based on where you’re going rather than where you’ve been.

Next year will get here before we know it. What are you waiting for?

Basic Woodworking Skills You Need To Be Successful at Carpentry

There are a number of woodworking skills you will need to know with regards to being successful in carpentry. This is especially important if you want to start a business in the wood working business. These skills will be important in any type woodworking employment. This includes the building of a shed in your backyard or constructing furniture.

One of the basic skills you need to learn is safety using the various tools in your woodworking business. Safety is very important as you do not want to lose a finger or one of your eyes. Understanding safety is paramount in creating a successful woodworking business.

You will be using power tools such as a skill saw or a reciprocating saw. These power tools are very safe to use if operated according to the instructions they come with. However if operated improperly they can cause serious injury to your body.

When using power tools you need to keep the area you are working in safe. This involves keeping the surface you are standing on free of objects you can trip on such a power cords. Keeping power cords from becoming potential a tripping hazard is very important to keeping your work space safe. Also keep the floors clean as any potential slipping hazards can lead possible injury.

You also need to keep the are working in free of clutter especially if when using a ladder. Having a cluttered work area at the foot of a ladder can lead to a broken ankle.

Proper use of your power tools also mean that you should never carry them by their power cords. Also disconnect them from the power they are using such as a battery or power outlet. Also remove all power sources when they are not in use. If you are changing blades on your reciprocating or circular saw always remove the source of power.

Wearing proper personal protection equipment is a vital. This includes proper eye protection. Remember it only takes one mistake to lose an eye.

You will also need protection for you ears such as foam eye plugs or headphone-style ear muffs. Many power tools can cause hearing loss if used for prolong amount of time.

There are a number of common injuries related to the use of various power tools. Lacerations and burns are among the many Electrocution can also happen if proper care is not used with equipment that are plugged into an outlet. This can cause death or severe injury caused by electic shock. Using a power tool with a frayed power cord can lead to this, especially if you are working on a floor covered with water.

Always check the condition of your hand or power tools before you use them on your woodworking project.

Best Regards

Importance Of Forex Strategy For Traders

There are many options for you when you are looking to do some investment. You can do any kind of business, but make it sure that you are familiar with that business field; otherwise you might face the loss of your money. If you are looking to invest in the forex market, then proper planning is required from you, so that you could achieve your targets. This planning is known as forex strategy. You must follow these instructions, so that you could be able to keep yourself away from those risks that are involved with this market.

In a foreign exchange market, traders do the buying and selling of different currencies for the purpose of making profits. This kind of business requires huge amount of patience from you, as you might only become a successful trader in this market after spending a lot of years. There are three kinds of traders; short-term traders, medium-term traders and long-term traders. Short-term traders invest for short term objectives. One of the best plans is medium-term strategy, because it requires small amount of funds for investment.

There are different kinds of plans for the investors and these plans includes advance, simple, complex and basic. If you are a beginner, then you must follow a basic plan, because rules are defined in this plan. Skilled beginners can use a simple plan. In this plan, techniques of trading are defined.

Complex and advance plans are for the guidance of traders. Before the start of this business, you are required to practice with the software that is specially designed for this trade. With the help of this software, you could be able to gain an idea of this business as well as an idea of the foreign exchange market.

With the use of a forex strategy, a trader can make wiser decisions. These plans are really helpful to the traders, but you must be aware of those risks that are associated with this trade.

It is not compulsory that 100 % results are achieved by you with a business plan, because there is great requirement of hard work. Technical analysis and fundamental analysis plays an important role in the formulation of plans, so you must understand these well.

You must pay your focus in learning different skills, so that you could create a forex strategy. It is compulsory for you to plan well and work hard at the same time, because success could not be achieved without hard work.

Problems Faced When Looking For Investors For Your Business Idea

Venture capital firms, business angels and investors are people who make money out of investing in upcoming or established businesses in exchange for a share of the company. Finding a good investor to back your business idea can be a great help, specially if you still control most of your business, but it’s also considerably more difficult than finding a small business bank loan and other types of finance. Investors have very clear ideas about what they expect of their investment, and you will need to be able to prove that your business idea has a high likelihood of being very profitable. If you are getting ready to raise money for your business, the following are some of the most frequent problems you may face:

Being unprepared

This is often the worst problem a new entrepreneur may find when trying to sell his business idea to investors. You may know your product and have a strong feeling that it’s going to work, but you’ll need numbers to back your intuition to prove it to any investor. Investors are often entrepreneurs themselves, and know how to recognize a great business idea and a suitable person to make a profit out of that idea. They won’t put money on a business if the management (that’s you) doesn’t seem prepared or doesn’t know the target market intimately. A solid business plan and the ability to sell that business plan to another businessman are the key requirements to get your idea considered. Make sure you can answer uncomfortable questions, such as quoting data about your competition and showing an understanding of your audience and why your product is perfect for them.

Asking for too much, or offering too little

Investors often want a quick return on their investment, so if you are asking for a lot of money to launch your idea and you don’t expect to be profitable for a long time you should expect a hard negotiation ahead. You may be offered less money than you were after, or asked for a larger percentage of your business in exchange for it. Asking for a £20.000 investment in exchange for a 5% of a company that isn’t going to make any money the first year is just not going to work, no matter how good your idea is. An investor will think of ROI, and that means they want to own enough of your company to make a profit on your investment. Be prepared to negotiate, and remember that even if your business idea is great, the investor is also incurring a risk by trusting you and is understandable to want something in exchange for that.

Attitude, business management skills and dress codes

If the investor thinks that you are not really a good business person they may hesitate to provide you with their financial backing, no matter how good your idea is. If you come across as a great engineer but cannot show that you are also great at managing and sales you may be harming your chances of receiving funding, or you may find out that your investor actually wants to take an active part on your business instead of just letting you manage everything. Consider your meeting with the investors as a job interview, and as such aim to give an impression of security, professionalism and good business manners.

This often means wearing professional attire (yes, a suit, even if your business is an innovative ecological farm for casual artists) and being able to talk about your product in business terms, not only about its features or why it’s so great. If the investors see you as too young, too casual or too crazy they won’t invest because you’ll be seen as risky. If you can also show your experience as an entrepreneur without lying or being too obvious you may greatly increase your chances of success.

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