Rule 1 Summary

Rule 1 SummaryThe Simple Strategy for Successful Investing in Only 15 Minutes a Week!

Have you ever thought about investing? Have you wanted to learn the “science” behind it, but you thought you are just not right for it?

If you are reading this, you have most probably been there.

Most people think that only experts belong on the market and that not anyone can profit.

“Rule 1”, however, destroys these popular myths and instead presents you with a way to do what was once thought to be undoable: beat the market.

Keep reading our summary and learn what the only rule you should have in mind is.

Who Should Read “Rule 1”? and Why?

Let’s take a moment and be honest here.

You read the business section of the daily newspaper, you get the bulletins from Wallstreet, and you wish you knew how to invest. However, a big part of you thinks that investing is a gamble, and you would much rather find a low –risk solution for your earnings.

You may have had those thoughts until know, but Phil Town will change them all!

In his book “Rule 1” he gives you useful, practical and proven solutions for making a profit on the stock market.

We recommend this book to all wannabe investors and puzzled participants on the stock market. Live by Phil’s rule and start earning.

About Phil Town

Phil Town is a motivational speaker, author, and millionaire. In the past, he was part of the U.S. special forces in Vietnam, a dishwasher and a river guide. Then, he learned how to invest.

And, you know how they say – the rest is history.

“Rule 1 Summary”

When it comes to investing, there are only two basic rules: Rule #1(tm): Don’t lose money and Rule #2: Don’t forget Rule #1(tm).

Yes, we may have oversimplified it, but in essence, you will find that those are the bases for each investment.

Rule #1(tm) repudiates three famous market myths:

  • Only experts can work in the market
  • You cannot beat the market
  • Diversification and buy-hold strategies are the best methods for minimizing risk.

“Rule 1” offers you another reality.

What do we mean by that?

Here it is:

  • Investing is a snap, and you can ace it by working for 15 minutes a day on your stock portfolio.
  • It is not impossible to beat the market. In fact, you can figure out how to target underpriced stocks and get at least 15% returns on your investment.
  • Forget the banalities about diversification and buy-hold methods. Instead, use the Rule #1(tm) equation: Purchase stocks for 50 cents on the dollar and sell when the stock is trading at a dollar-for-dollar value.

The Rule #1(tm) fundamental point is: Don’t lose money. Indeed, there are no guarantees for anything in life, but you can limit risk by acquiring shares in good companies which are selling at bargain prices.

To do so, you have to stay aware of the “Four Ms.”

  • Meaning
  • Management
  • Moat
  • Margin of safety

How do we explain these “Four Ms”?

Well, to start with, put your cash where your heart and mind are and invest in profitable organizations which are significant to you. If you are a “foodie”, target firms operating in the food industry, if you are a fashion addict, invest in retail clothing shares.

Next, look for publicly traded corporations which are in possession of great management teams.

Furthermore, find companies that have barriers to entry and build walls around their profits.

Finally, invest securely by purchasing discounted shares that fulfill the other three “Ms.” You cannot lose much if you make sure you purchase stocks at low costs.

However, that is not all!

Next, we give you, even more, lessons which will help you comprehend the road to being a great investor more deeply.

Key Lessons from “Rule 1”:

1.      Buy Stocks With Pride
2.      Find the Moat
3.      Key Performance Numbers

Buy Stocks with Pride

If you are a Rule #1(tm) investor, you are not a market speculator. Instead, you are an investor who takes pride in owning great companies.

Your choices rank and endorse the companies you invest in. For instance, if you buy stocks in a firm that uses animal leather for making its products, your investment is equal to approval for that kind of production.

Hence, make sure that you align your choices with your values and ethics.

Find the Moat

Warren Buffett, one of the most famous billionaire investors, trusts in entry barriers, also called moats. An organization without a barrier to entry is equal to a stock price merely waiting to fall. High barriers to entry are hard to penetrate.

Rule #1(tm) investors should purchase shares in organizations with a high wall built around future profits and growth.

Mots can take up several forms. However, there are five basic types:

  1. High-profile brand names (The Coca-Cola Company, Adidas, and Disney).
  2. Trade secrets and intellectual property protection
  3. Gate-keeper products that control niche markets
  4. Expensive entrenched products where it is hard for users to swap for another brand
  5. Low-cost, category busters such as Wal-Mart, Target or Home Depot.

In case the company lacks some protective moat, maybe it is time to consider investing elsewhere.

Key Performance Numbers

You can use some specific tools and measurements to make sure that you invest in companies with financial strength and will allow you to get Rule #1(tm) returns. Such measurements are:

  • Return-On-Investment Capital (ROIC)
  • Sales
  • Earnings per Share (EPS)
  • Equity or book value
  • Free Cash Flow

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“Rule 1” Quotes

My advice: Go find a wonderful business at an attractive price and live like a king when you retire. Click To Tweet Rule # 1 investors buy when others are fearful and sell when others are greedy. Click To Tweet Figure out what the sticker price is and pay less. Click To Tweet Be proud of what you own. Click To Tweet Read the annual reports. Ask yourself: Is the CEO being compensated as an owner or as a mercenary. Click To Tweet

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Our Critical Review

“Rule 1” is packed with helpful charts, understandable explanations, and useful financial insights. Phil offers a map for finding an investment treasure. Of course, like many other how-to books, “Rule 1” can get a bit repetitive from time to time, but the investment advice you will get in the end is worth going through the repetitiveness.

Implementation Summary

Implementation SummaryHow to Transform Strategic Initiatives into Blockbuster Results

You have probably heard that the most important thing in business is to have a strategy. However, that is not all!

Even the best strategies are useless unless implemented into reality.

In the summary of “Implementation,” we present you with the necessary guidelines that will lead to a better execution of your company’s strategic objectives.

Who Should Read “Implementation”? and Why?

Many managers and business owners know where they want to see their companies and what they need to change or do to reach their objectives. However, frequently, they only know it in theory, but fail to implement their ideas into practice.

Situations like this do not happen due to bad strategy, but because of lousy execution.

Finishing projects is a challenge in any organization, and the authors of “Implementation” present a guidebook for getting your plans and ideas implemented. Additionally, they list different strategies and methods, as well as checklists, charts and case studies.  

We recommend “Implementation” to all managers and executives who have grand visions and need a guide to make those ideas turn into reality.

About Alan P. Brache and Sam Bodley – Scott

Alan P. BracheAlan P. Brache is an author and executive director of business solutions at a consultancy firm.

Sam Bodley – ScottSam Bodley-Scott is vice president of the same company and helps organizations implement change as well.

“Implementation Summary”

You probably think that for a business to succeed it is vital for it to have a good strategy.

You are right, of course, but it is not everything. The equation for success has one more variable: the implementation of the strategy.

The reality is that some great strategies fall flat and some bad strategies get implemented. Studies show that 70% of managers who bomb in their jobs have done so because, apart from other things, they neglect to execute their strategies in the market.

Poor strategy administration can be the factor that differentiates successful companies from unsuccessful ones.

Before we continue, let’s define the term “strategy.”

A strategy is a set of decisions that determine where an organization is headed and ought to reflect its core values and competencies.

Strategy excludes everyday choices and leadership. Instead, it concentrates on more critical options and steps that move an organization towards the planned direction or change the course and its core business.

Furthermore, a strategy focuses individuals’ attention and assets. At the point when an organization has a solid strategy, it can address issues of future advancement, market presumptions, capacities, and it can decide which goods and services to prioritize.

However, having a good strategy, in theory, is different from having one that you can put into practice.

To be useful, strategies must function in reality, where they are liable to control, monetary movements, societal concerns, and corporate needs.

The organization’s managers and leaders decide its strategy. Since strategy influences all your organization’s procedures, it stands at the focal point of the business model and strongly affects the components that create your business.

Those elements are managing, leading, doing the business, accomplishing objectives, measuring the result of activities, scattering data company-wide and among people, organizing departments, and settling issues connected to corporate culture.

What can a successful strategy like this do for a company?

An organization with a methodology that joins all of the mentioned parts is ready to actualize and implement the organization’s vision in the market.

Businesses launch activities to present new goods and services, make erroneous processes better, distinguish market niches or secure competitive assets.

Additionally, companies come up with new strategies to prevail in the global economy. Organizations frequently find that global achievements depend on taking advantage of opportunities and being creative, rather than on making small developments on current products.

Simply put, global success happens when companies present products and services in new ways.

Key Lessons from “Implementation”

1.      Why Strategic Initiatives Fail
2.      The Role of Leadership  
3.      Organizational Culture

Why Strategic Initiatives Fail

To change your company’s direction, managers and executives need to deal with many uncertain circumstances. Planning and taking a strategic initiative is the best way to take care of unusual events, even though it may seem that the odds are against you.

Strategic initiatives do not succeed for the next reasons:

  • Failure to articulate strategy initiatives clearly
  • Overloading
  • Over-reorganization
  • The wrong corporate culture for change
  • Inappropriate staffing
  • Lack of a common nomenclature
  • Failure to monitor and report
  • Impatience

The Role of Leadership

The implementation of the strategy is a responsibility of top managers. Senior level staff should create strategies since they know the market and the business environment.

To develop a successful strategic initiative, first, decide on the project’s scope. Defining the scope establishes boundaries, and it states what the products and benefits that the project will yield are.

To formalize the list of activities that you need to have done, use a Strategic Master Project Plan, which will help you to convert your objective into reality.

Organizational Culture

The culture that exists within a company can make or break a project. Make sure to build a culture that accepts change. To shape the culture, motivate and reward employees who perform well and achieve great objectives.

Giving feedback to the participants of projects pushes for a greater participation and effort. When managers, on the other hand, do not provide feedback, workers assume that the performance of the project is not vital.

In other words, the company’s most significant cultural influence is the management, so managers should act in ways that reflect the overall strategy of the company.

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“Implementation” Quotes

The number of bad strategies that are well-implemented is dwarfed by the number of good strategies that are poorly implemented. Click To Tweet Without a disciplined process for driving strategy from the boardroom to the back office, it is difficult, if not impossible, to measure success. Click To Tweet Entering a ‘brave new world’ puts an increased demand on the change management dimension of your leadership responsibilities. Click To Tweet Initiative overload – the ‘eyes bigger than the stomach’ syndrome – is a common ailment, particularly among executives who lack an understanding of what it takes to accommodate projects. Click To Tweet Accurate, understandable, timely communication is a critical dimension of strategy implementation. Click To Tweet

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Our Critical Review

“Implementation” is a manual which targets managers and executives who wish to implement their strategies, and who look for good advice on better execution of their goals.

Bargaining for Advantage Summary

Bargaining for Advantage SummaryNegotiation Strategies for Reasonable People

The world we live in compels us to always seek for improvements, but is it possible to exploit the technical know-how, while lacking interpersonal skills? – It’s pretty hard.

Our book summary presents the link between these two, and outlines Shell’s key findings!

Who Should Read “Bargaining for Advantage”? And Why?

As a comprehensive, insightful and highly entertaining guidebook, G. Richard Shell undoubtedly takes the negotiating process to the next level, with numerous examples and inspiring solutions.

With the nature of businesses nowadays, this book comes highly recommendable to brokers, managers, financial advisors, investors, owners, executives, and even lawyers. Want to make the most out of social interactions? Implement these tips and never hesitate!!

About G. Richard Shell

G. Richard Shell Richard Shell is a globally recognized individual in the realm of management, law, negotiating, and writing. He has the credentials of being a negotiation expert and momentarily works at the Wharton School of the University of Pennsylvania as a professor.

It’s quite catchy that BusinessWeek gave Shell the honors (three times) as one of the best business school professors in the country.

“Bargaining for Advantage Summary”

Negotiation was once considered the only way of making money, meaning that your negotiation skills defined the amount of profit you’ll be taking home at the end of the day.

If you stand out from the group as influential interactor, then perhaps you possess the fundamentals of becoming a proficient negotiator.

First and foremost, your abilities are evaluated every day, based on numerous communications that unfold spontaneously.

Stick with us and see what we have left in store:

As complex as it may seem, in fact, the only thing shaping your future is “guts”. We bet that you have a few guesses, of what are we trying to emphasize. One must undergo a drastic inner reform if so needed in order to be in a position to discuss good deals on a regular basis.

Making a good bargain stretches beyond the old-fashioned “street-market transactions” which calls into question the notion – The bargaining days are over.

Do the ends justify the means?  

To some extent, yes, but the real game is actually quite simpler. The deal is not to outsmart the interlocutor, or trick him/her, but to get a fair price for whatever you are purchasing or selling.

By all means, negotiations involve product exchange or commodity for some amount of money, which confirms G. Richard Shell’s claim that the bargaining days are anything but over!!

For a more strategic overview – stay with us!!

World’s wealthiest people are aware that not everything has a price tag. Their daily job consists of protecting their interests, a policy that can give you the upper hand in any situation.

Since negotiations are technically the end-product of profitable interactions, they can be described as a set of mental abilities, or principles used while communication takes place.

The author of “Bargaining for Advantage” trusts its instinct on this one. A real self-taught master, with expertise in presenting solutions, and embarking on fruitful interaction or in this case – negotiations.

What is there to lose?

As an expert in this field, he unselfishly offers an explanation on subjects related to the mastery of bargain. Takes this situation for example; The Management decides that it’s in your interest if you advocate for merging between two companies in the same sector.

The vision is to combine these elements and take control over the market – so the process of making this historical deal – starts, the minute you say so.

You attend the negotiations, and at some point, you feel left out, because you don’t contribute to the discussion, which means that the chances for concluding a profitable deal decline.

Got the picture?

Your personality is the biggest “culprit” in making things go your way/ or not: With intensity in mind, “Bargaining for Advantage” displays five critical perspectives in negotiation:

  • “Sidestep” – Run for cover if you don’t sense any reason in the discussion. In bargaining you mustn’t show any signs of impatience, meaning that if you are in a hurry to finalize this deal, they’ll use it against you! Sometimes it’s better to maintain the status quo.
  • “Come to an agreement” – For this scenario, it’s imperative that both parties are happy, and satisfied with the terms!
  • “Accommodate” – This sequence of events can be best explained as an agreement absent “papyrology.” A thesis which indicates that you’ve never signed any formal document.
  • “Full-scale” – You are holding your ground – unwilling to lower the demands – meaning that you are a persistent negotiator!!  
  • “Collaborate” – solve the problems by designing mutual solutions to overcome the blockade.

Key Lessons from “Bargaining for Advantage”

1.      Be familiar with your capabilities
2.      A process of utmost importance
3.      Cultural differences in negotiations

Be familiar with your capabilities

The successful negotiator is aware of its pros and cons and uses that knowledge in social interactions. Every story has two sides; bargain implements the same logic because it serves both parties to get the best deal for them.

A process of utmost importance

According to some, negotiation cannot be disregarded, since it follows us everywhere we go. Generally speaking, the process of improving your communication skills takes times and patience. Yet, some individuals cannot cope with the pressure and intensity of it!

Cultural differences in negotiations

Even though it may seem strange, the culture plays a pivotal role in how negotiations unfold. It affects your bargaining style and forces you to go one specific path.

Let’s take Lebanon for example: Although in Western Countries it’s a sign of disrespect to leave a discussion once it’s been heated to the max, in Lebanon, walking away actually illustrates that you are a tough negotiator.

What a turn of events, ha?

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“Bargaining for Advantage” Quotes

To be good, you must learn to be yourself at the bargaining table. Click To Tweet Shared interests are the ‘elixir of negotiation,’ the salve that can smooth over the issues which you and the other party genuinely disagree about. Click To Tweet First, all deals that close are win-win deals. The two sides would not agree to a proposal unless they thought agreement was better for them than no deal. Click To Tweet Research on negotiation reveals a striking fact: People who expect more generally get more. Click To Tweet A negotiation is an interactive communication process that may take place whenever we want something from someone else or another person wants something from us. Click To Tweet

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Our Critical Review

“Bargaining for Advantage” is one of those books you can apply in almost any situation. Not many classics share the versatility as this one, which subtly exposes our thoughts on G. Richard Shell’s masterpiece.

Living in the USA Summary

Living in the USA SummaryThe Classic Guide to Surviving and Thriving in the United States Updated and Expanded for a New Generation

So you want to go to the U.S. and work there? You probably think you already know a lot about the country, having seen so many things on the TV.

But, do you?

You know what, instead of questioning yourself, we have a better idea!

We present you the summary of the book “Living in the USA” which will teach you all there is to know about the culture and lifestyle there. After reading it, you will understand what you are in for better, and hence you will be able to form more precise expectations.

Who Should Read “Living in the USA”? and Why?

“Living in the USA” is, on the one hand, a cultural explanation, which presents the American culture to people that come from other countries, and on the other hand a relocation guideline, which gives useful advice for everything a person may need. In fact, the book is more than just a simple guidebook; it is a training manual that anticipates all newcomers’ needs and questions. You will find useful tips on food, education, airport security, life in major cities, and immigration regulations.

We recommend “Living in the USA” to everyone who wants to visit it, and even more to those who decided to move there.

About Alison R. Lanier and Jef C. Davis

Alison R. LanierAlison R. Lanier is the owner of Overseas Briefing Associates, a company that helps people adjust to new cultures and countries.

“Living in the USA Summary”

Most people that visit the USA know more about the country than Americans know about other countries apart from their own. This fact may not be that surprising, since Hollywood, as well as American media, have a significant impact portraying the USA all over the world.

However, even though you have seen a bunch of broadcasts of the American lifestyle, don’t assume you know everything there is to know about it. TV programs, books, and movies provide you with information.

What they give you is a partial picture of the American culture.

In fact, many people find the U.S. lifestyle overwhelming once they arrive in the country, and feeling comfortable with its pace and habits can be a slow transition.

Now, although it can be hard to pinpoint the exact things you can expect in such a diverse and liberal country, there are some impressions you are likely to get upon your arrival, which we present below.

First, you will surely notice that the pace of life, especially in urban areas, is faster than the one back in your home. Everyone you meet will seem to be in a rush: shoppers, taxi drivers, crowds in the street. Next, you will find that people from different backgrounds and nationalities live in the U.S., making the diversity level higher than anywhere else.

Furthermore, people are open and friendly, so if you are a person that likes to communicate, this fact will work in your favor. However, if you are not a person that wants to talk about private stuff, then you may feel a bit uneasy. Americans tend to inquire about personal matters since they are used to reaching out like that.

Another critical thing to note is that Americans do not pay much attention to rank or age. Rather than that, they require equality and casual demeanor instead of the preferential treatment of individuals.

Make sure you do not mistake this with a lack of respect – the respect is there, but people do not pack it up in formalities.

The U.S. is big (really, really big) – bigger than China, Brazil and all of western Europe. With its fast pace, fast food, and packaged living filled with furniture rentals and short-term leases, the culture may seem very transitory.

In any case, you have to be there, to truly feel the difference, but still, you can prepare for it by continuing to our critical lessons extracted from “Living in the USA.”

Key Lessons from “Living in the USA”

1.      Common Values
2.      Relationships: American Style
3.      Saving Time

Common Values

As we already said, having in mind that the country is big and quite diverse, it is hard to pinpoint and summarize the values that drive the society. However, there are several values that we can safely say that rule the U.S. territory. Those are:

  • Do-it-yourself independence
  • A willingness to challenge authority
  • Straightforward approach
  • Need for privacy
  • Need for personal space
  • Control orientation
  • Wealth
  • Provincialism

Relationships: American Style

The pace of life affects all areas of American lifestyle and habits. It also affects the friendships and relationships. The mobility of the society makes indefinite friendships hard to maintain. Relationships are short-lived and may change or disappear once circumstances change. And that is not considered as a big deal.

In fact, years later, relationships can be renewed as if nothing happened. If you come from a society where you view friendships as lifelong connections, you may find this mindset hard to grasp.

Saving Time

In the U.S. time is money, and people always try to make the most of this limited asset. They do not engage in extensive small talk; they love using time-saving devices such as telecommunication and internet devices.

In the U.S. you do not work only when your boss is nearby, you work all the time, and employers expect for you never to stay idle.

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“Living in the USA” Quotes

It is intended as a practical guide to point you toward resources and to help you ask the right questions, with a better understanding of the results you might find. Click To Tweet Clearly, we are still coming to terms with the obligations and limitations of our status as the world’s sole remaining military superpower. Click To Tweet We like to believe that we are too diverse a country to make generalizations about; of course, that doesn’t stop us from being quick to generalize about (or even stereotype) other nationalities or ethnic groups. Click To Tweet It is probably fair to say that almost anyone in the world knows more about the United States than the average American knows about any other person’s country. Click To Tweet The fact that we in the United States have lost our innocence is resonating throughout our geopolitical world. Fear is driving our politics, and to some degree, the rest of our lives as well. Click To Tweet

Our Critical Review

This book is a practical presentation of the culture and logistics needed to know about when preparing to make a new home in the US. One slight problem is that the term “American” should include people from Canada and South and Latin America, and in this book, it is used for the U.S. However, the problematic terms do not make the book any less useful.  

The 2020 Workplace Summary

The 2020 Workplace SummaryHow Innovative Companies Attract, Develop, and Keep Tomorrow’s Employees Today

What you used to think of as “the future” is already here. The life as we know it will change, and so will the work environment, the tasks, the people, and the sense of community.

In the following summary, we present you all the things you can expect from “The 2020 Workplace” and what can you do to prepare for it.

Who Should Read “The 2020 Workplace”? and Why?

In “The 2020 Workplace”, corporate learning experts Jeanne C. Meister and Karie Willyerd anticipate how the work environment will look and function in 2020. They construct their predictions in light of two global studies. The first one is a survey of 2,200 professionals asking them what they require and feel they need from their bosses. The other one is asking 300 managers and employers how they are planning and preparing for the changes that are bound to happen.

Additionally, the authors also made case analyses of more than 100 interviews with the pioneers of creative and innovative associations, including some big names such as NASA, Cisco, and Deloitte.

Analysing all that, they figured out how dynamic firms and their HR offices intend to recruit and retain top workers. We recommend this book which offers a look into the future, to people who are in charge of managing the workplace and workforces.

About Jeanne C. Meister and Karie Willyerd

Jeanne C. Meister Jeanne C. Meister is an author, consultant, and former vice president of Accenture.

Karie WillyerdKarie Willyerd is a world leader in training and development, and the former head of learning at Sun Microsystems.

Both authors are partners in Future Workplace, an HR consulting company.

“The 2020 Workplace Summary”

In the coming years, the managers will confront a big test: to recruit, retain, motivate and inspire employees of all ages and backgrounds in a rapidly changing work environment.

Soon, five generations will all work together, from maturing Traditionalists and Baby Boomers to The 2020 Generation. By 2020, offices will no longer be static – they will be mobile and made to serve workers positioned all over the globe. The best workers will want to work in innovative, creative ways. Businesses who cannot or are unwilling to transform will miss the mark, and their business will suffer.

By the year 2020, ten vital principles will affect the workplace:

  • A shift in workplace demographics. More diverse employees from different nationalities and ages will create the workplace.
  • The knowledge economy will boom, as work becomes more technical and requires more problem solving, data analysis, listening and communication skills.
  • Globalization will push the workforce into becoming more virtual, with a lower number of on-site and a more significant amount of distance-based employees.
  • The workplace will transform into a digital one, as the realm of digital information grows bigger and bigger. Moreover, employees will need to have skills in creating and altering digital information.
  • Mobile technology will no longer serve for making calls and texting only. Instead, people will use them for all sorts of corporate operations.
  • A culture of connectivity will become a norm, as social networks allow people to be always in touch. Furthermore, the line between work and home will get blurry.
  • Consumers will create a participation society, in which they will take part in improving services, products, and overall business.
  • Social learning will be part of the requirements of formal, traditional education.
  • Corporate social responsibility will become a pivotal trend in 2020.
  • Millenials in the workplace or people connected since birth will expect companies to transform themselves according to the networking, brainstorming and collaborative tools they are using.

Of course, that is not all there is to it – we are only getting started. We present you some additional expected changes in the key lessons below.

Key Lessons from “The 2020 Workplace”

1.      Workplace Engagement 2020 Model
2.      Principles Governing the Employees in the 2020 Workplace
3.      The Crystal Ball: Additional Predictions

Workplace Engagement 2020 Model

WE2020 consists of four aspects which work together to enable companies to recruit top talent in the near future.

  1. “Social recruiting,” or in other words recruiting by using social and professional networks.
  2. “Über-connection,” or leveraging all social media tools that are available to you.
  3. “Social learning,” or teaching method that is a combination of context-based learning, formal training and mentoring.
  4. “Accelerated leadership.”

Principles Governing the Employees in the 2020 Workplace

Five principles will affect the employees in the 2020 workplace:

  • Collaboration
  • Authenticity
  • Personalization
  • Innovation
  • Social Connection

The Crystal Ball: Additional Predictions

We list some other changes you can expect to occur in the 2020 workplace:

  • You will get jobs and promotions based on your reputation capital
  • Handheld devices will become your classroom and office
  • The global talent shortage will grow
  • Social recruiting will increase
  • Web commuters will push corporate offices to transform – distant working (at home, at a hotel, at a café) will become normal
  • Companies will employ entire teams – groups of employees will move from one company to another
  • Job requirements for CEOs will include blogging
  • The corporate curriculum will consist of simulations and video games
  • The mindset will change, and social networks will be an indivisible part of workers’ lives
  • Human resources will shift their focus from outsourcing to crowdsourcing
  • Corporate social networks will grow inside companies
  • You will choose your leader
  • Lifelong learning and development will be a must
  • Flexibility between work and life will replace the work-life balance, and traditional nine-to-five jobs will go in the history
  • Corporate social responsibility programs will attract and keep workers
  • Diversity will become normal
  • A hard-line will no longer divide marketing, learning, and communication
  • Corporate app stores will present ways to manage personal and professional life
  • Social media literacy will become as basic and needed as reading
  • Contract jobs and projects will be the path to finding employees for permanent employment

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“The 2020 Workplace” Quotes

The 2020 Workplace: An organizational environment that provides an intensely personalized, social experience to attract, develop and engage employees across all generations and geographies. Click To Tweet Most employees desire a company name on their résumé that gives them a sense of pride. Click To Tweet In the rapidly changing world of business, a best practice may be short-lived. Click To Tweet Knowledge is now doubling every three years and the interval for doubling appears to be getting even shorter. Click To Tweet Growth in new technologies and increases in the speed of business will mean a need to develop skills as rapidly as possible. Click To Tweet

Our Critical Review

The book’s revelations are fascinating and useful, although most of them are already put into practice – since the 2020 workplace is almost here, and thus are a little bit outdated.

Consulting Basics Summary

Consulting Basics Summary

A Complete How-To Guide to Help You

Set yourself on the road, without turning back – otherwise, you’ll feel sorry that you didn’t claim what is rightfully yours. Consulting Basics Summary establishes the fundamentals to get success within reach.

We summarize some of the key concepts found in Joel’s amazing, consulting story.

Who Should Read “Consulting Basics”? And Why?

Several elicitation techniques can help you gather information about the system; you are trying to improve or transform. Worksheets, Interviews, Observations, JADs, and questionnaires are some of them. Generally speaking, we really put this book on the map, and advise every person interested in consultancy to give it a go.

About Joel Gendelman

Joel GendelmanFor more than two decades, Joel Gendelman has been involved in designing solutions for organizations, and companies that needed his expertise. As the founder and president of Future Technologies, he brought change to his organization as well. Joel also wrote Virtual Presentations That Work and Consulting 101.

“Consulting Basics Summary”

To start your career as a self-sufficient, independent consultant, takes guts and certain expertise. You may think it’s not suited for everyone, but that actually depends on many factors, which determine whether you have the skills to succeed as a “loner.” These business capabilities can be categorized and subcategorized into several types all leading to unique revelation.  

What this in reference to?

First and foremost, every endeavor begins with discipline, and determination which puts you in a position, where your bargain days are over – it’s either do or don’t!! If you have that drive, and motivation to endure, get up each day with that notion of success and leave your mundane concerns aside.

Who stops you from being creative?

The basics of consulting involves research, and utmost dedication to outline those requirements needed for making a system from which some institution would benefit.

What’s your daily job?

As a second-rate employee, you must be feeling awful, suffocated from your superiors!! No worries, Joel Gendelman, exposes some valuable secrets that exploit your capacity as a qualified individual, who rarely relies on outside help.  Keep track of progress, and earn your living with a different set of abilities.

The fundamentals to success, are often described as mental skills which surpass the “learned ones.” Referring to are you eager to thrive, despite the working environment and the risk it carries?

Here’s the best part:

Like any proficient consultant, the author Joel Gendelman of “Consulting Basics” displays concise, transparent methods to flourish in consultancy. Give your thoughts on the issue and present reliable solution.

What do I need?

Don’t make your business suffer due to lack of ambition. Analyze the system’s weakness and offer improvements. Aspire solutions, and you’ll witness growth and success. It’s if you can analyze yourself impartially, be realistic about what you can offer.

We want, and expect an honest answer – Are you prepared to go on your own?

Self-employment doesn’t require only a set of skills, instead of believing in useless concepts, you can build that self-esteem and make your way through life.

Full-time jobs offer a sense of security, and stability, but remember the days of working in a single company for 50 years are long gone.

This calls into question – is the world prone to fast advancement?

If you wish to enhance on a professional basis, a full-time salaried position is not the solution.

First and foremost, one must start with an objective overview of his/her talents. Unlike successful businessmen, the “average people” overestimate or underestimate their capabilities – finding a perfect balance is key.  

What are you good at? – How do you evaluate success? Which task do you prefer or hate to do?

All these questions, are combined in a single questionnaire, that transforms your mindset, and makes you want to live in a world where you’be your own boss. Unfortunately, many skilled individuals are not ready to cope with the price that comes as a result of this attitude. They take refuge behind job security, unwilling to admit, that they’ve been exploited.

Key Lessons from “Consulting Basics”

1.      Analyze the current situation
2.      The real threat
3.      An easy way to start

Analyze the current situation

When your business journey starts, you’ll realize whether you have or not a breaking point. At some point, the feeling of stress can become overwhelming but look at it as a test, a self-employed assessment.

Take your time with everything, and provide an unbiased oversight over your financial reports. Engage marketing experts, and make an investment so that customer will have a knowledge of your skills, and how you can aid them in times of crisis.

The real threat

In reality, in the eyes of prospective employers, you’ll always fulfill that place of an annoying person or associate. Let’s get real here; you’ve come on their doorsteps with the intention to endanger their status.

In other words, if the corporation trusts you, there is nothing to fear. A great salesman doesn’t lack that native wit or the determination.

Since buying/selling process is built on trust, we advise that you take it from the beginning, and try to get to know your customers and their demands.

An easy way to start

For now, you don’t need anything fancy, or expensive, like equipment or office. All you’ll ever feel a necessity for will be your interpersonal skills, and technical know-how.

If this doesn’t surprise you, well you are one step closer to the job of your dreams.

In general, as far as the independent consulting position is concerned, all a person requires can fit in a small room, like a functional desk, telephone, printer and a computer.

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“Consulting Basics” Quotes

Everyone likes to know someone who has gone out on his or her own and done well. Click To Tweet When do you need an agreement? Always! Click To Tweet

Many companies view consultants, not as highly qualified professionals, but as dime-a-dozen peddlers. Click To Tweetand timing.” username=”getnuggetapp”]

Consulting is one of the greatest professions in the universe. Click To Tweet

Our Critical Review

This book is perfect for people who hesitate to take the next step towards freedom and success. Probably “Consulting Basics” lack a bit of ingenuity, but that mustn’t stop you from giving Joel Gendelman’s material the attention it deserves.

Know-How Summary

Know-How SummaryThe 8 Skill That Separate People Who Perform from Those Who Doesn’t

The Know-How Summary focuses on whether you possess the right set of skills for being a leader and a person of integrity. Don’t worry if don’t feel like being one of them because Ram Charan’s book will change that.

Stay with us for extra info on effective leadership.

Who Should Read “Know-How”? And Why?

With this in mind, we strongly imply that this engaging book is in tune with time, and it’s highly applicable as well. All things considered, it’s best equipped for managers, executives, government officials and people craving to turn the corner and become respected leaders.

About Ram Charan

Ram CharanRam Charan is a keynote speaker and an expert in leadership who prefers the title “business adviser” or consultant for global corporations. His words and methods indeed speak to the public as if they are written especially for them. He wrote The Leadership Pipeline; What the CEO Wants You to Know and co-authored of Execution.

“Know-How Summary”

Have you ever wondered – Why our education system lacks practical subjects that can transform feasible ideas into actions in the digital age? No worries, Ram Charan offers his expertise and subtly creates a course through this book, where you’ll be introduced to brand new topics such as “Leadership Perspective, Business Savvy” Economic Failures and others. Ram Charan’s primary concern is whether we possess the “technical know-how” to identify with the tutorial presented by him.

In either case, let’s start building that knowledge:

As an insightful, fact-filled, all-encompassing “handbook,” which lays at your feet pretty straightforward, and inspirational solutions, for executives to use in their daily endeavors. Beware of harmful factors, and contemplate your next move. However, now you have the support of Ram Charan to use it on numerous occasions since none of his ideas are for disposable use.

If you want to sharpen your leadership skills – stay with us:

In a race against time, every company is prone to change, regardless of the ideology or methodology it depends on. You mustn’t be inclined towards one sector or the other. The real objective is to strengthen your market position and resists the temptation to compete against individual competitors. You are running up against the market, not other companies!

Here’s the deal:

The capitalist ideology is embedded in the marketplace stimulates shifts and twists on a regular basis. Newcomers looking for their fair share in the market are endangering the position of the established firms that sometimes fail to generate a positive feedback for their new products. Therefore, having the “know-how” can really be of substantial importance in order for you to beat the odds and come out victorious in any situation.

Feel the pulse of the market, and make your predictions, but remember the “know-how” makes a huge difference. Alertness or awareness is also a crucial tool for being one step ahead all the time, something that every company desperately needs.

First, let’s outline what makes a successful leader, or which traits that individuals must possess. At number one, Ram points out thirst for new knowledge, or desire to endure through acquiring new ideas, and test their effectiveness at any given opportunity. Second, the ability to analyze the trending products and use that info to answer the market’s demands.

This is crazy:

The fundamental principles of a successful corporate executive are presented briefly in this paragraph. It’s best if we divide them into two primary assignments:

  • Find the perfect job that fits your skills – meaning that you mustn’t pursue anything that may not suit you.
  • Once you get the job, the next task would be to ask for guidance. It’s vital if you are aware of your capabilities because there is nothing wrong with relying on outside help.

For a long-term perspective, you must have the eye for a potential leader. The one who can pull the strings and lift up the spirit of your employees or co-workers. It’s often said, technical know-how absent interpersonal skills have no impact and vice versa. Develop an active unit of independent managers and give the freedom to operate. They’ll repay you in productivity and efficiency.

Key Lessons from “Know-How”

1.      Verizon’s prediction proved right
2.      Analyze other professionals
3.      Be adaptive and open to new opportunities

Verizon’s prediction proved right

Executives with technical know-how are curious and eager to improve their abilities, driven by passion for putting all pieces together. If you are keen to solve this puzzle, have in mind all the elements you’re going to need. Approach the problem aggressively and then digest it in small portions. For instance, we recall the Verizon example, when Ivan Seidenberg – Chief Executive Officer (CEO) foresaw the boom of wireless connection and without hesitation invested more than 2 billion dollars. This fearless attitude granted him the number one stop as America’s top Telecommunication Company.

Analyze other professionals

Yes, scouting can do the job; put yourself in the shoes of a soccer scout for example. By analyzing how these individuals behave, you’ll receive insights on their evaluation techniques. In general, all you need to do is combine scouting experience and your expertise in the industry to create a deadly combination for recognizing future executives with the right set of skills.

Be adaptive and open to new opportunities

Last but not least, flexibility. Following a method blindly without room to turn towards more profitable opportunity is something you should not practice. Shape your mindset in order to design an executable plan of action that will bring you improvements on all organizational layers. In this case, the working-environment plays a pivotal role in understanding the “big picture” and company’s vision.  

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“Know-How” Quotes

Leadership is a messy phenomenon. Click To Tweet Nothing ignites people's fire like asking them to think. Click To Tweet Goals are set at 50,000 feet. Priorities are set at ground level. Click To Tweet Let there be no controversy: Leaders are made, not born. Click To Tweet Evaluating people by numerical performance alone doesn't give you insights. Click To Tweet

Our Critical Review

He just like his colleagues, faces criticism for the repetitiveness of information, but that mustn’t stop you utilizing Charan’s handy tips. In general, we want to stick to the examples of companies or brands, which benefited or collapsed due to implementing/ or refusing to apply his methods.

The Triangle of Truth Summary

The Triangle of Truth SummaryThe Surprisingly Simple Secret to Resolving Conflicts Large and Small

Lisa Earle McLeod bravely embarks on a journey, and without hesitation insists on you getting the picture of “The Triangle of Truth”.

In this book, we summarize some personal stories linked to unique personalities. All these tales or anecdotes reveal the bitter truth that nowadays we fail to identify the influences that harm our organizations.

Who Should Read “The Triangle of Truth”? And Why?

Keeping faith in something inspire us to go through life, and refuse to submit to its cruelty. Adopt a patient approach, and stick to aspects that you trust almost blindly. This easy-going book presents peace-keeping ideas and suggests that every person deserves to have success in all aspects of life.

No wonder why it’s prescribed to all people. A guarantee for unity, it connects all beings from this world and thereby leading to the rise of a happier and fearless Earth.

About Lisa Earle McLeod

Lisa Earle McLeodLisa Earle McLeod is a renowned business consultant, author, sales leadership expert and motivational speaker who inspires thousands of people with her methods and tips. She researched the market fluctuations, and present it to the business community, which ultimately brought her international fame. Her most famous book is Selling with Noble Purpose – a bestseller.

“The Triangle of Truth Summary”

Here are the opening remarks by Lisa Earle McLeod on the seven basic principles, or methodologies that can transform your workplace into a supportive environment. If you’ve ever had an urge to deal with a client, colleague, or boss, with whom you weren’t on the same frequency “The Triangle of Truth,” displays some problem-solving techniques without any vague concepts.

The structure of a company is designed to overcome obstacles in the competitive marketplace, which subtly also relates to our personal growth. First and foremost, the strongest tool at your disposal is your morality and concepts by which you operate.

Rash decisions and conclusions aside let’s digest this guidebook slowly:

This book stimulates unlimited liability for any risk that may endanger the existence of your firm. The key to prevent this unwanted attention to leave your company defenseless lies within your principles. We discuss these essential aspects, from a different standpoint and present them in a nutshell.

Stay tuned for more on the principles:

A person willing to undergo a drastic inner reform is the best candidate for being able to distinguish between facts and fantasy. We take on prominent figures, which implement these elements into their lives and leave a mark in the business world. As simple as it may seem, it’s actually quite challenging because we’ve been taught otherwise.

Here’s the situation:

Sometimes deliberately, more often unintentionally we are a threat to ourselves by being unaware or not giving importance to the triangle solution. The cravings for success act as a link between different worlds, but an evaluation of the effectiveness of these intuitive methods is crucial. Develop an approach that can get all your principal objectives within reach. Follow this positive guidance, and put words into actions!

The Triangle technique serves best as a mediator between two “warring parties,” by explaining that’s not essential who’s right or wrong. The essence is to find a solution, not to continue arguing about topics which obstruct the progress. There is no my truth, or yours it’s quite frankly the same, leave your stubborn ideas aside, and support a compromise agreement.

Are you prepared to see with the eyes of truth:

By all means, Lisa Earle McLeod is a person of focus, an individual with the perfect traits for promoting this vision.

Most people see this world as lots of yeses/noes. In reality, the judgemental behavior doesn’t allow us to see the big picture from where it all started. Not everything can be categorized as good or bad, acceptable or not, right or wrong, smart or dumb.

The ignorant attitude is destined to failure:

We must abandon this shallow perspective, and turn our heads towards more practical theories. The Triangle adds the “And, or May” possibility, which promotes a sense of duality in various circumstances.

Why should you follow your intuition?

Collective behavior is not always the right one, adopt a fearless attitude and get credit for your bravery. It sounds a bit old-fashioned but actually is the recipe to defend the truth vigorously. Remember that truth is rarely the problem, our belief in certain false theories trouble our minds.

Key Lessons from “The Triangle of Truth”

1.      The power of principles
2.      Expose yourself to danger
3.      Abandoning the extremes

The power of principles

Generally speaking, even if you transform your mindset, some of your associates, superiors or clients are not willing to do the same – what now? The Triangle doesn’t need support from the other side to function. Don’t be afraid to stand-up alone, when utilizing “The Triangle of Truth” methods.

Expose yourself to danger

Big-time players are risk-takers, winners aren’t afraid of defeat, all their earnings, investments and decisions are at stake. A controversial and yet highly motivational attitude which illustrates The Triangle of Truth practices.

Abandoning the extremes

The bottom line is that there is no such thing as “my truth” and “your truth,” dead-end solutions don’t serve your interests. An inspiring Triangle solution is much more efficient than any one-sided conclusion. Kill two birds with one stone, and implement these ideas to reach the top. Climbing the corporate ladder is never easy, in fact, it’s very demanding – it requires your reconciliation with other members.

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“The Triangle of Truth” Quotes

It’s not our truths that cause the problems, it’s our belief in their exclusivity. Click To Tweet When we make judgments about someone’s suggested solutions, we lose the ability to influence their thinking. Click To Tweet We don’t have to choose between holding ground or the middle ground; we can decide to co-create a path to the high ground. Click To Tweet Love is what enables people to put aside their own ego on behalf of something bigger than themselves. Click To Tweet When you try to bend the world to your will, people and circumstances tend to resist. Click To Tweet

Our Critical Review

Even though this book has a lot to offer, is often criticized for its straightforward terminology, and repetitiveness that prevails. Nevertheless, it’s an instant-read, filled with interesting facts that can help you on your route to prosperity.  

The Empowered Manager Summary

The Empowered Manager SummaryPositive Political Skills at Work

If you expect that someone in a bureaucratic environment is going to empower you, you have put your hopes in a wrong place.

To be an object of empowerment, you have to become an independent manager and change the organization to suit your needs. In “The Empowered Manager,” Peter Block shows you how you can use positive politics, vision, and autonomy, to create an organization in which you would enjoy working.

In the summary below, we will briefly cover the same principles.

It is time you stopped waiting for empowerment.

Read on and seize it by yourself.

Who Should Read “The Empowered Manager”? and Why?

“The Empowered Manager” presents a strategy that managers can use to prevent the uncontrollable organizational forces from casting them aside. The author lists advice on opposing bureaucracy and hierarchy. Usually, people react in a wrong way when faced with their problems, and as a result often feel frustrated and trapped. We recommend this book to managers who need a helping hand in creating a working environment in which they will enjoy thriving in.

About Peter Block

Peter BlockPeter Block is a writer and an organizational development consultant, with a career in the field for more than 25 years.

“The Empowered Manager Summary”

Lately, empowerment has risen as a noteworthy organizational goal. However, only a couple of associations truly figure out how to use its energy. Organizations do not generally empower people and, truth be told, it might be outlandish for them to empower anybody.

Why is that?

Because empowerment suggests respect and freedom. And, albeit many organizations say that individuals come first, few follow up on what they say.

Talking about empowerment without really empowering people works against corporate credibility and makes the idea of empowerment look like merely another management caprice.

Looking at it more profoundly, however, we have to admit that it is not that easy to empower others.

People need to claim their freedom and find dignity for themselves. If you are a supervisor, you can help by trying to be autonomous. First begin by shaping your vision, and afterward, create the organization and environment in which you wish to work.

Only if you are the first to set the example of empowerment in your practice, you can expect others to follow.

Before continuing, we need to get one thing straight: empowerment is not a management strategy.

It is a method for working, and to be fair; it is an extremely beneficial, productive way. However, just like any other thing, it also carries risk. There is an exchange between security and self-sufficiency. To be free and self-sufficient takes fearlessness, regardless of your managerial position. The interesting thing about management is that even individuals at the top are actually in the middle.

What do we mean by that?

Well, even CEOs depend on those underneath them and answer to those above them – think of Wall Street financial specialists, a board of directors or a bigger corporate entity. Everybody faces the conflict between excelling and maintaining respectability and integrity. Or, in other words, everybody must struggle with bureaucracy, top managers included.

The problem in organizations is the shared mindset that for everything that happens someone else is responsible, and hence, if something goes wrong, another person is to blame.

Bureaucracy conflicts with empowerment. Actually, it is the complete opposite of strengthening.

However, there is a way to cure this bureaucratic disease!

It is simple – take the lead and reshape your organization. This implies choosing what your optimal association would be and what would it do, and after that living as though your vision could be true.

Key Lessons from “The Empowered Manager”:

1.      Cycle of Bureaucracy
2.      Cycle of Entrepreneurship
3.      Shaping Your Vision

Cycle of Bureaucracy

  1. Patriarchy: This is a control-from-the-top step of organizational advancement.
  2. “Myopic self-interest”: Organizations connect the notion of success with vertical mobility through the corporate hierarchy so that managers’ financial rewards increase along with their authority. This is an unproductive definition of success because it pushes employees to identify with the prizes they wish to receive, instead of doing work that matters.
  3. Manipulation: Manipulation implies making people do what you need them to do, without them knowing that you are controlling them. The conviction that manipulation opens the way to progress is ingrained to the point that when administrators say they are not manipulative, the public thinks they are camouflaging.
  4. Dependency: Dependent people trust that their destiny is in the hands of others.

Cycle of Entrepreneurship

  1. “Entrepreneurial contract”: This agreement sets up trust.
  2. “Enlightened self-interest” – Replace old-style self-interest with a new form of self-interest, which identifies accomplishment with significant work and chances to learn, and not with prizes and power.
  3. Honest action – The entrepreneurial cycle prompts straight acting, direct communication, and sharing insight and power without manipulation.
  4. “Autonomy” replaces dependency: For self-sufficient and autonomous people, courage is the standard. You can assume liability for your behavior, practicing being alert just when exceptional conditions request it.

Shaping Your Vision

A dream is major. It plainly sets up what you esteem. Be unequivocal about your vision. Articulating it leaves no questions about the gap between the present organization and the future objective. A clear proclamation of vision uncovers the future you want to accomplish, hence it will keep you on track while you are working on it.

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“The Empowered Manager” Quotes

The alternative to caution is to choose courage. In our culture, moving forward and creating an organization we believe in always requires an act of courage Click To Tweet Our acute awareness of the political moves of others, especially those above us in the organization, is in part an expression of our dependency. Click To Tweet The pressures, isolation, and competitiveness at the top drive people to worry much more about maintaining what they have, act with undue caution, and feel much more dependent than their position would seem to warrant. Click To Tweet Rebellion is as dependent an act as imitation. When I rebel, I am determined to do the opposite of what you expect of me. Click To Tweet The act of faith in choosing to live out a way of operating that we alone believe in gives real meaning to our work and our lives. Click To Tweet

Our Critical Review

“The Empowered Manager” does not keep its focus from time to time, but in essence, its advice pushes for vision, autonomy, and self-awareness, and hence it is an excellent read for any manager.

Practice Made Perfect Summary

Practice Made Perfect SummaryThe Discipline of Business Management for Financial Advisers

The resources management even today draws a lot of attention at a corporate level. Practice Made Perfect moved by that same trilogy, displays numerous tools for handling strategic issues, and troubles with the allocation of resources.

Our book summary endorses the same methods described by Mark C. Tibergien and Rebecca Pomering.

Who Should Read “Practice Made Perfect”? And Why?

Do you feel warmed up and ready to test your skills, and provide guidance in times of crisis? In general, not many classics can you help you on your way to enhance personally and professionally as this one.

As far recommendation is concerned, we prescribe this book to consultants, financial advisers, and owners. A piece of good advice occurs once every hundred years; perhaps this is the day when you witness that revelation.

About Mark C. Tibergien and Rebecca Pomering

Mark C. TibergienMark C. Tibergien is a consultancy expert born in 1952. He heads a business consulting group and is also in charge of an accounting group located in Seattle.

Rebecca Pomering

 

Rebecca Pomering has expertise in various fields including, management, consultancy, strategic planning, critical thinking, and as a financial advisor.

“Practice Made Perfect Summary”

Every well-designed functional equipment has its use if utilized correctly. The same theory works for a book or even a script. In other words, the practical stuff is more praised, then the theoretical because it’s built on solid ground. In addition, authors Mark C. Tibergien and Rebecca Pomering, embolden the organizations to redesign their practices in order to operate more efficiently.

If you prefer another dimension we can go with – they are in fact the target group to whom these financial experts address. As independent consultants, with lots of capabilities, Mark and Rebecca offer services to companies deprived of business expertise. Years of consulting serves as a guarantee and proof of their impartial understanding of the world economy and the features it involves.

Here’s the worst part:

Sound advice is hard to find; the companies operate with lower intensity unable to cope with the immense technological advancements. In reality, these corporations cannot resist the temptation to be one step ahead of everyone else and turn their heads towards outside experts to deal with such concerns. These individuals conduct a search and point out those major setbacks that obstruct the progress of the organizations.

Read on for more on Practice Made Perfect:

Assemble all the elements to improve the company’s performance and disregard all myths linked to performance management. With enough financial support, you can buy your way out of any situation, but don’t forget, when things get messy, almost every company relies on an unbiased investigation.

With this in mind, we gradually become more aware of the situation. A book filled with helpful methods, we offer the Practice Made Perfect Summary and outline the essential elements and tools such as the cash-flow calculator, practice-management assessment questionnaire, and others.

Practice Made Perfect presents the perfect recipe for success:

Managing a sector is a strict responsibility, coordination on a business level is even tougher. These layers require extra attention, financial expertise, consulting advice, performance evaluation, analyzes, etc. Even though it’s challenging, if you intend to succeed, somehow having reliable sources of information should be priority number one.

Collecting these facts, or ideas will grant you the opportunity to exploit your potential. According to most managers success heavily depends on uncontrollable factors, such as market fluctuations, price elasticity, and environmental variables.

Did we miss something?

If you thought so as well, a bright future as a leader awaits you. Obviously, we fail to mention – the performance of every worker, or associate. Over time, the market becomes over demanding, companies begin to lose ground due to fierce competition, inputs variations and working atmosphere which leads to problems like recruiting new goal-oriented individuals. Squeeze every penny from the market and overcome this period!!

But how?

There are several elicitation techniques you can use, to gain insights into your clients’ preferences, their demands. One of them is conducting a survey; you can also use interviews, JAD sessions, questionaries, observation, etc.

Surpass your competition, by offering commodities of unparalleled quality and build a long-lasting relationship, build on stable foundations. Anticipate the possible outcomes from this plan by taking into consideration various aspects.

In reality, you’ll encounter obstacles that hinder your relationships with the clients. Don’t be surprised to know that some of these are triggered by your competitors because in fact there are no hard feelings among opponents. Offer a full package, and enjoy the support. Beware of products which disclose production imperfections, don’t give your competition a motive to surpass you.

Key Lessons from “Practice Made Perfect”

1.      Different perspective, and yet the same desirable outcome
2.      Be of value
3.      The traits of an essential worker

Different perspective, and yet the same desirable outcome

It’s equally important to mention that while entrepreneurs are busy planning their next move, the solo players or consultants believe in making a difference while relying only on self-taught mastery and instinct for business change.

Be of value

Companies that excel at management are more prone to changes. Such occurrence gives rise to advisers, who deliberately avoid contact with consulting firms, and go on their own. Any judgment on our part would be misleading, so the ball is in your court.

The traits of an essential worker

It’s best to use the PILLAR method, which underlines the features an employee needs to possess. Highly skilled leaders are aware that this approach is highly beneficial when it comes to hiring, promotion, and training. Having the “right man” for the job is the greatest asset in defeating your market rivals and gaining a competitive edge.

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“Practice Made Perfect” Quotes

Remember, the business is not your dream; it is the vehicle to help you achieve your dreams. Click To Tweet To evaluate productivity, you need to observe trends. Current numbers tell you a lot, but a downward movement in productivity over time sounds the alarm. Click To Tweet Measuring gross profit is a foreign concept for many advisers because owners of advisory practices tend to pay themselves what’s left over after all expenses are paid in the business. Click To Tweet Without a clear understanding of the unique financial dynamics of your practice, there is no way to know if you’re doing things right. Click To Tweet Many advisers simply do not have a balance sheet to monitor how they’re managing assets and liabilities and, as a result, run the risk of hitting a wall. Click To Tweet

Our Critical Review

Probably the best thing about this book is linked to the level of expertise shared through various applicable tips, regardless of the industry, or other factors.