Sunday, December 30, 2012

Success in business is based on principles and formulas



To be able to succeed in business first of all you must align three areas:

1)        What you know about yourself, others and the specific subject matter at hand
2)        How you feel about what you know, about yourself, about others and the subject matter
3)        How you act about that knowledge and feeling in a way that elicits the best reaction and results from others and produces the best outcome with the subject matter.

A simple business conversation or negotiation could turn sour in a split second if you express yourself in the wrong way because you knew or felt that the other person was lying.
A more effective way may be to act as if you believe the person, so as not to expose them and use the information you know to get to know them better and get them to cooperate.

If you cannot control your mind and emotions, you will act against your best interest.

But I see that quite often people have a hard time thinking on the spot when the action is happening. They wish things would slow down so they can sit, think, reflect and analyze their feelings about it. They do not know when and where to draw the hard line and when and what issues to compromise about. 

So how can we train ourselves to think faster, better, with more intensity, about many subjects that come at us in all directions, unpredictably and unmercifully with demands for immediate decisions?

The answer is simple:
1)        Train yourself to observe what is happening and analyze the facts and figures
2)        Then communicate more with the people involved and ask direct questions to evaluate the answers and predict the behavior of those involved

If you have already done your homework and came up with the principles of success in your type of business endeavor then you will know the formulas and proven methods that bring about the desired outcome you want. You will also know the type of people you need to have that can help you get the business venture up and running successfully.

Having workable proven formulas is a crucial element to your survival and prosperity. You cannot be trying to think anew each time you are faced with a challenge.    

Wishing better and faster decisions in your business.

Cherif Medawar

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