Protect Your Files
Have up-to-date antivirus and other security software in your computer systems as an infected computer system puts a business at risk of not being able to perform certain contracted work in addition to having key files being lost or stolen, which could then lead to legal action.
- Glenn Curtis, Don’t Get Sued: 5 Tips To Protect Your Small Business |
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Know your stuff
The last thing you want to show your audience is uncertainty. It kills your credibility. The easiest way to prevent that is to always come prepared. Know your audience. Know your environment. Know your material.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Comply with deadlines
Directors of new companies must hold their first Annual General Meeting (AGM) within 18 months of incorporation. They must also file their annual returns within a month from the AGM and annual tax returns by 30 November. Deadlines not only secure your company a high compliance rating; they prevent the incurring of costly fines.
- Janus Corporate Solutions |
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Effective communication
It is estimated that over 80% of all problems in a business are the result of poor communication. One suggestion: Use the KISS principle – 'Keep It Short (and) Simple'. Simple language has short words and sentences, and plenty of personal words (such as I, me, you, us and we). Avoid technical jargon, unless it is explained up front.
- Wal Reynolds, Alan John Williams, Warwick Savage,"Your Own Business: A Practical Guide to Success" |
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Humans crave to be appreciated
The next time you meet a prospect or client, find something you can make compliment about the person. Make sure it comes from your heart! And let compliments be your daily language.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Ensure relevant business licenses
Before commencing business activities, ensure that you obtain the necessary permits and business licenses. Failure to do so can result in penalties and/or prosecution of the company and its officers.
- Janus Corporate Solutions |
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Develop clear vision
Have a clear understanding of what you do and why, for whom, and what makes it special from others doing the same thing. This allows you to easily articulate to others and get referrals.
- Stephanie Speisman, "99 Tips for Successful Business Networking" |
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Speak his lingo
Not only will it make you sound like an insider, it will also ensure that you have an interesting conversation. Get updated on the latest trends. Speak to friends and find out the words and slangs they use in their conversations.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Reflect the changes immediately
Do file changes in the particulars of your company (business name, activity, address) or officers (managers and partners) to Accounting and Corporate Regulatory Authority immediately. Failure to do so within the stipulated days will induce legal repercussions.
- Janus Corporate Solutions |
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Consider business entity type before incorporation
Your decision will affect the amount of taxes as well as compliance and legal duties you will incur. It will also impact how clients and partners perceive your business as well as your ability to secure funding and expand your business.
- Janus Corporate Solutions |
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Be a resource
When you are known as a strong resource, people remember to turn to you for suggestions, ideas, etc. This keeps you visible to them.
- Stephanie Speisman, "99 Tips for Successful Business Networking" |
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Speak sincerely
It does not matter if you are speaking to 5 or 500 people. When addressing an audience, remove your ‘stage voice’ and always speak in a conversational and sincere tone.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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The correct employees
Find employees who suit your business style and you'll have fewer problems to deal with as time goes on. Good people equals good management.
- Merry Riana, Entrepreneur-Author-Speaker |
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Be entrepreneurial
Look for the next big thing. Find a set of ideas that need to be quickly and decisively acted upon and jump through that window. Sometimes the first step is the hardest one. Just take it! Have the courage to follow your heart and intuition.
- Apple's co-founder Steve Jobs' 12 Secrets to Success |
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Do your best. Do your best at every job. No sleep!
Success generates more success. So be hungry for it. Hire good people with passion for excellence.
- Apple's co-founder Steve Jobs' 12 Secrets to Success |
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Strive to become a market leader
Own and control the primary technology in everything you do. If there's a better technology available, use it no matter if anyone else is not using it. Be the first, and make it an industry standard.
- Apple's co-founder Steve Jobs' 12 Secrets to Success |
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Fear not, stay empowered
When you allow yourself to be empowered by people’s compliments, you allow people’s criticism to disempower you because compliments and criticism are but different sides of the same coin. The key to winning people’s respect is to stand in your own power, see the person as an equal and do the right thing.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Separate Yourself From Your Business
In some countries, a business can be owned by a properly established trust, so when there is a legal suit, in most cases the only assets that can be attacked are those that are in the trust itself.
- Glenn Curtis, "Don't Get Sued: 5 Tips To Protect Your Small Business" |
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Beware of what you say and do
Business owners and employees should avoid making potentially libelous or slanderous statements or conducting any business that might be considered questionable.
- Glenn Curtis, "Don't Get Sued: 5 Tips To Protect Your Small Business" |
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The first 30 seconds in a presentation is the most critical
Get your audience with either a rhetorical question, a story the audience can relate to or a startling fact.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Business cards require a ritual
Present your business card with both hands, holding at the top corners so that the recipient can read it. Receive other people's cards with both hands as well. It's best to spend some time reading the card, and if seated at a desk or table, you should keep the card on the table.
- SPRING SINGAPORE |
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Keep an eye on your cash flow at all times
Most SME entrepreneurs keep track of their revenue and profits by looking at their profit and loss statement. As long as it shows a profit, entrepreneurs usually assume that profit is the same as cash, but that may not be true.
- SPRING SINGAPORE |
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Networking is not all about you
Keep in mind that networking is about being genuine and authentic, building trust and relationships.
- Stephanie Speisman, "99 Tips for Successful Business Networking" |
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Branding is a long-term strategy
Branding helps you to express your company's distinctive essence. It is a long-term strategy that enables you to maintain your lead regardless of the economic climate.
- SPRING SINGAPORE |
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Set a pace
Pushing for size and rapid growth can undermine a business, it is better to push for moderate sales growth and to properly manage the business so that cash flow and profits are assured.
- Wal Reynolds, Alan John Williams, Warwick Savage, "Your Own Business: A Practical Guide to Success" |
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Keep up standards
Standards are important for developing and expanding your business and can enhance your company's productivity and efficiency, helping the business to minimise wastage of resources and reduce costs
- SPRING SINGAPORE |
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Six factors to develop a more positive first impression
Have a genuine smile, steady eye contact, high energy, good posture, powerful voice and clear diction.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Set a benchmark
Many MNCs set standards even for suppliers before any business transactions can take place, giving the company a competitive advantage and increasing the business footprint in new markets.
- SPRING SINGAPORE |
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Make small talk
It is the most important for salespersons as it helps establish rapport and trust quickly and easily with clients. Success lies in addressing the immediate situation, complimenting the person sincerely and asking for opinion or feedback.
- Eric Feng, Public Speaking Coach and author of "Get To The Point" |
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Running a business is like being a general
Calling the shots carries a great deal of responsibility, not only for yourself, but for your troops.
- Merry Riana, Entrepreneur-Author-Speaker |
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Set personal goals when networking
So that you will pick groups that will help you get what you are looking for. Some meetings are based more on learning, making contacts, and/or volunteering rather than on strictly making business connections.
- Stephanie Speisman, "99 Tips for Successful Business Networking” |
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Reach out with emotion
To get your audience to take action, appeal to their needs, wants and desires or by demonstrating how that particular action will help them resolve their problem or pain.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Limit possible conflicts of interest
Business owners and employees must avoid situations where a conflict of interest may present itself and either damage integrity or cause legal entanglements.
- Glenn Curtis, Don’t Get Sued: 5 Tips To Protect Your Small Business |
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Finding the right talent
If you are careful when finding employees, management becomes a lot easier. Rely on a few key people to keep you informed.
- Merry Riana, Entrepreneur-Author-Speaker |
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Don't reveal too much when starting a presentation
Start with the WHY to create sufficient buy-in for the rest of your presentation.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Ask open-ended questions when networking
Asking who, what, where, when, and how opens up the discussion and shows listeners that you are interested in them.
- Stephanie Speisman, "99 Tips for Successful Business Networking” |
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Mirror the person standing in front of you
Before a person likes you, they need to feel that you are like them. Create I (AM) LIKE YOU! likeability by establishing commonality by sharing - Passion, Pain, Values. Still the deepest way to establish commonality is through their values. This happens when the person discovers the things that are important to him are similar to yours.
- Eric Feng, Public Speaking Coach and bestselling author of "Get To The Point" |
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Save yourself time by getting the best employees you can
Sometimes this can mean choosing attitude over experience and credentials.
- Merry Riana, Entrepreneur-Author-Speaker |
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Don't do the wrong things the right way!
There is a difference between doing things right (efficiency) and doing the right thing (effectiveness), so sell the right product or service to the right customers, from the right location and at the right price, that is being effective. Profit is evidence of being efficient.
- Wal Reynolds, Alan John Williams, Warwick Savage, "Your Own Business: A Practical Guide to Success" |
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Be genuinely interested in the other person
People don't care about you or your products until you show them how much you care about them.
- Eric Feng, Public Speaking Coach and author of "Get To The Point" |
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Do what you love to do
Find your true passion. Do what you love to do and make a difference! The only way to do great work is to love what you do.
- Apple's co-founder Steve Jobs' 12 Secrets to Success |
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Cash flow is the lifeblood of a business
Budget to maintain strong liquidity, have margins to watching profitability , manage inventory levels to control credit sales and accounts receivable and carefully operate with lean overhead costs.
- Wal Reynolds, Alan John Williams, Warwick Savage, "Your Own Business: A Practical Guide to Success" |
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