February 5, 2012 Tips, Information & Strategies

BriefCase Radio Workshop

February 5, 2012 Radio Workshop

The agenda for the next BriefCase Radio Workshop includes strategies on working with the federal government GSA schedule.  We also receive tips & strategies from the Psychology of Business and Entrepreneurship in the Community workshops.  In Game Plan, we highlight activities to help you on your entrepreneurial journey.  So Join me, Omar Muhammad on BriefCase Radio Workshop this Sunday at 9 pm on Public Radio WEAA 88.9 f.m., the voice of the community.



Workshop Agenda

Psychology of Business:  applying psychology to increase your business success

Resource: Casting an untapped market

Dr. Renee, Founder & Director of Harding Consulting
www.areyouhappy.org 



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Entrepreneurship in the Community:  highlighting entrepreneurship and its impact on community development

Resources:

Chef Casey Jenkins
Darker Than Blue Cafe
www.darkerthanbluecafe.com

Rodney McCoy
President
United Provider's Network
www.unitedproviders.org

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Contracting Business: resources to help entrepreneurs looking to get involved in the government contracting business

Resource: General Services Administration

Michael Davis
Davis Paige Management Systems
http://www.dpmsllc.com/index.htm

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Balanced W.O.M.E.N.: resources to help women entrepreneurs and women in leadership positions develop winning outcomes!  

Resources:  
 


Betty J. Hines
Business Builder LLC
http://www.bettyhinesbusinessbuilder.com
 
Patricia Thomas 
www.ThomasCoaching.com



The Game Plan

Next Week's BriefCase Radio Workshop includes strategies and information from our segments:   Dealmaker:  The Importance of a Business Plan and Balanced W.O.M.E.N.

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Click to listen to the February 5, 2012 Radio Workshop

EBA (Entrepreneur's Business Advice)

Random Entrepreneur's Tips

Click to View Video Tip

Entrepreneurship in the Community

Chef Casey Jenkins

Darker Than Blue Cafe

www.darkerthanbluecafe.com

Using this tip

1. Determine what type of giving back (time, finances, other resources) you and your team are prepared to offer.  
2. Determine where (where you work, play or shop) you will implement your give back strategy. 
3. Read 
   Heroes Among Us: Social Entrepreneurs Working to Build Strong Families and Communities by Peter A. Heegaard

Let us know how you are using Entrepreneur's Business Advice.

Do you have tips that other entrepreneur's should know?

Send email to omar@improveandprogress.com

 

Idea Bank for the Week

3 Tips on Bootstrapping Your Business

• Develop an accountability plan.  Some people starting out will create a business plan; while existing entrepreneurs will use a strategic plan to achieve goals set at the start of the year.  Regardless of the plan, create a plan of action that will hold you and your team accountable weekly, monthly and annually.   An example can be, by the 1st quarter of this year, ABC company will have $10,000 in sales.  Your accountability plan will cover the actions necessary to achieve $10,000 in sales.

• Understand the numbers.  Don’t operate in the dark.  Understand who your customers are and how many of them you will need to cover operating expenses and to make a profit.  Until you understand the numbers, keep your cost to a bare minimum.  As you operate your business throughout the year, there may be trends that will help you forecast future sales. For instance, your sales may peak the first of the month as you host your monthly radio show.  How can you create an action plan around the radio show to increase sales that will cover operating expenses throughout the month? Consult your professional advisers in understanding your numbers.

• Build a BRAIN team. Surround yourself with other entrepreneurs or professional advisers that will add value to you as an entrepreneur and to the growth of your business. Meet with your team on a regular basis. Make sure that you have a clear plan on how you want your advisers to assist you.  Never attempt to achieve business success alone.  Utilize resources available to help you operate and grow your business.  In the long run, you will be glad you did.

On the Web

www.innocentive.com

InnoCentive is the open innovation and crowdsourcing pioneer that enables organizations to solve their key problems by connecting them to diverse sources of innovation including employees, customers, partners, and the world’s largest problem solving marketplace.

 

BookShelf

 

Big Think Strategy: How to Leverage Bold Ideas and Leave Small Thinking Behind

by Bernd H. Schmitt

Business leaders need bold strategies to stay relevant and win. Traditional approaches to strategic planning based on safe, low-risk methods that produce predictable results do not equip businesses with the tools necessary for creating lasting impact. Companies must be willing to open themselves up to approaching strategy from a creative perspective. To create several systematic methodologies for creative problem solving in the development and execution of corporate strategy, Dr. Bernd H. Schmitt utilizes research in psychology and marketing and his experiences in music, fashion, telecom, financial services, and travel . He reveals how to bring bold thinking into your business by sourcing big ideas and executing them creatively.