There's something so inspiring watching the world's greatest athletes push the limits of physicality. Regardless of the sport in which they're competing, the key to most competitors' success goes well beyond the physical: it starts with their mindset, too. They think and act in a certain way before ever stepping onto a track, diving into a pool, or running onto a field.
During a recent vacation, I vastly reduced the hours I worked on my business. My engagement started to drop, as did my leads and ultimately my revenue. It made me feel like crap, a feeling which lingered for a solid 48 hours before I got my sh*t together.
Investors are presented with a barrage of marketing material from funds and managers trying to raise capital, and what all these reports have in common is that they all focus on performance. That is not surprising considering the relatively large number of funds available with the few strategies being used, managers feel they can only differentiate themselves through performance.
As information technology's development accelerated, the investment industry took notice and began developing systems that would automate formerly manual tasks. Over time these systems have evolved into something more. Unfortunately many firms have not properly implemented and managed their systems.
Gossip. It happens in every workplace and in every family. For some reason, we just love to talk about others. Perhaps it makes us feel better about ourselves, and maybe it reassures us that no one is perfect. Whatever the case, it can make for some pretty interesting lunch conversation.
Organizational best practices are becoming a driving force behind the transparency movement and a way for firms to lend greater weight to their performance.
We've all heard the phrase, "Why buy the cow when you can get the milk for free." That's the premise here. Why would someone pay for your services when you are giving your best advice without charging for it? We need to strike a balance between showcasing the highlights of our services while also charging a set dollar figure for the real meat.
Of course you're p*ssed -- people are taking advantage of you and not compensating you fairly (or at all). It's frustrating to put your heart and soul into your business only to have nothing to show for it financially.
When you climb into a rollercoaster car, you relinquish full control. The safety apparatus comes down across your torso and you begin your ascent up an endless incline. Then come the ups and downs that seem to go on forever as you hang on tight. When you are in business, you can't always control the peaks and valleys.
Many professionals emphasize networking and strategies to build networks, however, there is little focus on network maintenance. The best networks are the ones we can call on for support when needed. For example, are we comfortable asking for a favour from someone we spoke to once at a party a year ago? In this case, the quality of the relationship is more important than the number of contacts in the address book.