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Thursday, May 23, 2013

Insights with Taffy Williams interview 3 by Nerd Stalker



In this interview with Nerd Stalker's, Greg C. Viloria, discussions centered around two articles: 5 Ideas that may facilitate creating a startup business & 3 Levels of influence can change the world .  More background is provided to help you achieve a better understanding of key points described in these two articles.

You can follow Greg on Twitter via @SocialGreg , Nerdstalker can be found at @nerdstalker

Taffy Williams is on Twitter by @twilli2861.  Email questions to twilli2861@aol.com. More is available via his company  website ,  photo website, or “LIKE” ColonialTDC on Facebook.  You can also find him in the group Startup  Group on Linkedin. Other articles are in the Charlotte,NC- small business section of Examiner.com.


Monday, May 20, 2013

3 Words that can prevent feelings of guilt


What will your tomorrow look like?
Have you ever decided to wait until tomorrow to do something important?  Perhaps it was completing a task at work or having a difficult discussion with an employee.  Maybe, you put off a visit to a loved one thinking it will wait until the next day.  It is easy to put things off especially when we are tired or have something else we need to do.

Procrastination is one reason we put things off because the task can be done later.  Conflicts in scheduling is another reason we put things off because we are not able to be in two places at the same time.  Confrontational issues are very easy to put off because we hate negative interactions.  Many reasons exist for delaying action but results are always the same; we choose to wait until later.

Over the last few weeks with the loss of two very dear family members, it became clear that sometimes tomorrow never comes.  The sudden loss of those we love and hold so dear makes us sad.  Then the thoughts arise that perhaps we could have spent more time visiting, called a few more times, or said I love you a few more times. 

Putting things off is a common trait of many people.  We know things change and tomorrow will never come for some, but we still find it difficult to believe it will happen to us.  We put off many tasks; some important others not so important. 

Business is time sensitive and completion of key activities requires completion of tasks in a timely manner.  Investors perceive missing deadlines and completion of stated goals as a failure of management.  The impact on the business can be devastating especially with public companies where shareholders can sell their shares.  Business partners may elect to adopt a less interactive posture if they feel you are not meeting their needs rapidly enough.

There are many reasons to wait until tomorrow.  There is one great reason that you should not wait;   sometimes tomorrow never comes!  Businesses die just like people.  Failure to act rapidly enough can increase the chances of failure.  Waiting may result in the failure of your telling someone you love him or her.  It can also prevent you from ever having that long needed conversation that will never take place.  In the end, there may be a tomorrow, but not for you even if you are the survivor.  The point is if there is something you are putting off, “DO IT TODAY!”  Why live with regret?

 

Taffy Williams is on Twitter by @twilli2861.  Email questions to twilli2861@aol.com. More is available via his company  website ,  photo website, or “LIKE” ColonialTDC on Facebook.  You can also find him in the group Startup  Group on Linkedin. Other articles are in the Charlotte,NC- small business section of Examiner.com.

Thursday, May 2, 2013

5 Ideas that may facilitate creating a startup business


Every company was created by someone.  You can make one too!
Successful businesses deliver goods and services that people want or need.  People or businesses interested in the goods and services are the market.  The market must be willing to pay for the goods and services on a continuing basis for the business to have a sustainable model.  This sounds simple, but too often entrepreneurs creating a startup do not have this concept properly developed.  The key to creating a successful business is to find a niche product or service and evaluate the market.  The evaluation of the market should include determination of a desire to buy the product and pay the price requested. 

Finding a business idea is another matter.  Sometimes businesses concept discoveries occur by serendipity while at other times thoughtful innovation and creativity lead to the business idea.  If you are an entrepreneur wishing to create a business, consider one of the following paths that may facilitate identification of a novel business idea for a startup.

Solve problems:   One great business model is to identify real problems and create solutions for those problems.  The general population may not recognize the problem. Good marketing teaches the public about the problem and your company provides the solution to the problem.  People did not need personal computers or smart phones until marketing of products showed how they fit needs of the market.  The market had to be educated that cholesterol was a problem before the launch of statins.  The concept of identifying problems and solving them is a great way to direct a business toward profitability.

Fulfill desires:  Many people love to have the latest and greatest new device.  They want new places to go for dining or recreation.  They want to be healthy and have better nutrition.  Catering a business to fit the desires of a target market provides an avenue for a new business.  Creating a business that delivers the products or services in a unique or superior manner works well for many entrepreneurs.  Try to  survey the market segment about your offering and use the information to improve the business model. 

Meet needs: People have every day desires and needs.  They must eat and drink to survive.  They require clothing and warm dry places to live.  Obvious business areas are renewable energy, medical devices and drugs, improved foods and services.  Businesses need goods and services as well.  They may wish to outsource areas of work or require production of materials.  They need maintenance and improvements just like individuals.  Identifying those needs and developing business ideas to meet the needs help generate a business idea.

Improve something:  Some products are improved or recreated constantly.  The TV you are watching is most likely a flat screen, your pone is a smart device, your computer is faster and lighter, all these are examples of improving existing products.  Cosmetics are constantly improved or changed.  Some product areas have modifications with new products launched every 1-1.5 years.  Your ability to deliver or improve on existing goods may be a great concept for a business.

Create new stuff: One business model most exciting to innovative and creative people is taking a new invention to market.  The invention may be his or her creation or it may be a creation licensed from someone else.  Discovery research always has interesting new concepts with product opportunities.  It is critical to evaluate the market to ensure interest in the discovery, but the business model is one that has worked for many.

 Taffy Williams is on Twitter by @twilli2861.  Email questions to twilli2861@aol.com. More is available via his company  website ,  photo  website, or “LIKE” ColonialTDC on Facebook.  You can also find him in the group Startup  Group on Linkedin. Other articles are in the Charlotte, NC- small business section of Examiner.com.