“
Before we invest, we ask ourselves ’What kind of value is this business creating and how do its customers and prospective customers appraise that value?
”
”
Hendrith Vanlon Smith Jr.
“
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
”
”
Benjamin Graham (The Intelligent Investor)
“
I won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.
”
”
Warren Buffett
“
We’re all somebody’s prospect; we’re all somebody’s customer.
”
”
Chris Murray (Selling with EASE: The Four Step Sales Cycle Found in Every Successful Business Transaction)
“
Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy. —Dale Carnegie
”
”
Jeb Blount (Fanatical Prospecting: The Ultimate Guide to Opening Sales Conversations and Filling the Pipeline by Leveraging Social Selling, Telephone, Email, Text, and Cold Calling (Jeb Blount))
“
Get up in the morning on a mission to save prospective clients from the shabby, ill-fitting, overpriced and worthless alternatives that those charlatans - who are your competition - are trying to get away with flogging them.
”
”
Chris Murray (Selling with EASE: The Four Step Sales Cycle Found in Every Successful Business Transaction)
“
Harry’s letter to his daughter:
If I could give you just one thing, I’d want it to be a simple truth that took me many years to learn. If you learn it now, it may enrich your life in hundreds of ways. And it may prevent you from facing many problems that have hurt people who have never learned it.
The truth is simply this: No one owes you anything.
Significance
How could such a simple statement be important? It may not seem so, but understanding it can bless your entire life.
No one owes you anything.
It means that no one else is living for you, my child. Because no one is you. Each person is living for himself; his own happiness is all he can ever personally feel.
When you realize that no one owes you happiness or anything else, you’ll be freed from expecting what isn’t likely to be.
It means no one has to love you. If someone loves you, it’s because there’s something special about you that gives him happiness. Find out what that something special is and try to make it stronger in you, so that you’ll be loved even more.
When people do things for you, it’s because they want to — because you, in some way, give them something meaningful that makes them want to please you, not because anyone owes you anything.
No one has to like you. If your friends want to be with you, it’s not out of duty. Find out what makes others happy so they’ll want to be near you.
No one has to respect you. Some people may even be unkind to you. But once you realize that people don’t have to be good to you, and may not be good to you, you’ll learn to avoid those who would harm you. For you don’t owe them anything either.
Living your Life
No one owes you anything.
You owe it to yourself to be the best person possible. Because if you are, others will want to be with you, want to provide you with the things you want in exchange for what you’re giving to them.
Some people will choose not to be with you for reasons that have nothing to do with you. When that happens, look elsewhere for the relationships you want. Don’t make someone else’s problem your problem.
Once you learn that you must earn the love and respect of others, you’ll never expect the impossible and you won’t be disappointed. Others don’t have to share their property with you, nor their feelings or thoughts.
If they do, it’s because you’ve earned these things. And you have every reason to be proud of the love you receive, your friends’ respect, the property you’ve earned. But don’t ever take them for granted. If you do, you could lose them. They’re not yours by right; you must always earn them.
My Experience
A great burden was lifted from my shoulders the day I realized that no one owes me anything. For so long as I’d thought there were things I was entitled to, I’d been wearing myself out —physically and emotionally — trying to collect them.
No one owes me moral conduct, respect, friendship, love, courtesy, or intelligence. And once I recognized that, all my relationships became far more satisfying. I’ve focused on being with people who want to do the things I want them to do.
That understanding has served me well with friends, business associates, lovers, sales prospects, and strangers. It constantly reminds me that I can get what I want only if I can enter the other person’s world. I must try to understand how he thinks, what he believes to be important, what he wants. Only then can I appeal to someone in ways that will bring me what I want.
And only then can I tell whether I really want to be involved with someone. And I can save the important relationships for th
”
”
Harry Browne
“
One married couple goes out to a restaurant twice a week for dinner. They spend $160 a month on eating out. They get fat. Another married couple invests $160 a month in their own network marketing business. They stay slim and healthy. In a few years they retire.
”
”
Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
“
I would not choose to live in any age but my own; advances in medicine alone, and the consequent survival of children with access to these benefits, should preclude any temptation to trade for the past. But we cannot understand history if we saddle the past with pejorative categories based on our bad habits for dividing continua into compartments of increasing worth towards the present. These errors apply to the vast paleontological history of life, as much as to the temporally trivial chronicle of human beings. I cringe every time I read that this failed business, or that defeated team, has become a dinosaur is succumbing to progress. Dinosaur should be a term of praise, not opprobrium. Dinosaurs reigned for more than 100 million years and died through no fault of their own; Homo sapiens is nowhere near a million years old, and has limited prospects, entirely self-imposed, for extended geological longevity.
”
”
Stephen Jay Gould
“
When excitement and passion are evident, people want to be around you—including prospects. Prospects will want to do business with you because your joy is contagious.
”
”
Michelle Moore (Selling Simplified)
“
The day after a new business presentation, send the prospect a three-page letter summarizing the reasons why he should pick your agency. This will help him make the right decision. If
”
”
David Ogilvy (Ogilvy on Advertising)
“
The world is changing. No matter what any of us is shopping for, we can find good products, good services, good solutions. We want to enjoy the experience of using those products, those services. This firm doesn't have a lock on brilliance. Your prospective clients can find that elsewhere. They want to enjoy the experience of implementing a brilliant solution in collegial and congenial partnership with teh people who brought it to them.
”
”
Susan Scott (Fierce Leadership: A Bold Alternative to the Worst "Best" Practices of Business Today)
“
To get your prospects and clients to see you or your business as offering them a superior benefit or advantage that no other competitor offers them is the essence of a unique selling proposition (USP). You
”
”
Jay Abraham (Getting Everything You Can Out of All You've Got: 21 Ways You Can Out-Think, Out-Perform, and Out-Earn the Competition)
“
A slogan that accurately conveys the essence of your Purple Cow is a script. A script for the sneezer to use when she talks with her friends. The slogan reminds the user, “Here’s why it’s worth recommending us; here’s why your friends and colleagues will be glad you told them about us.” And best of all, the script guarantees that the word of mouth is passed on properly – that the prospect is coming to you for the right reason.
”
”
Seth Godin (Purple Cow: Transform Your Business by Being Remarkable)
“
Here was an extraordinary state accomplishment: mass enthusiasm at the prospect of a global brawl that otherwise would mystify those very masses, and that shattered most of those who actually took part in it. The Anglo-American drive to demonize “the Hun,” and to cast the war as a transcendent clash between Atlantic “civilization” and Prussian “barbarism,” made so powerful an impression on so many that the worlds of government and business were forever changed.
”
”
Edward L. Bernays (Propaganda)
“
Don’t expect perfection and things to go the way you want
them to when it comes to people, business, your prospects,
and your social life. When things don’t go according to your desires, when the weather of life is foul, be creative and
consider what may be the higher reasons why this is
happening and why you must adjust. Perhaps it’s to gain forbearance, patience, inner strength, flexibility, or the
ability to withhold criticism while serving as a loving model.
”
”
Michael Goddart
“
1. Value Creation. Discovering what people need or want, then creating it. 2. Marketing. Attracting attention and building demand for what you’ve created. 3. Sales. Turning prospective customers into paying customers. 4. Value Delivery. Giving your customers what you’ve promised and ensuring that they’re satisfied. 5. Finance. Bringing in enough money to keep going and make your effort worthwhile.
”
”
Josh Kaufman (The Personal MBA: Master the Art of Business)
“
We have made money our god and called it the good life. We have trained our children to go for jobs hat bring the quickest corporate advancements at the highest financial levels. We have taught them careerism but not ministry and wonder why ministers are going out of fashion. We fear coddling the poor with food stamps while we call tax breaks for the rich business incentives. We make human community the responsibility of government institutions while homelessness, hunger, and drugs seep from the centers of our cities like poison from open sores for which we do not seek either the cause or the cure. We have created a bare and sterile world of strangers where exploitation is a necessary virtue. We have reduced life to the lowest of values so that the people who have much will not face the prospect of having less.
Underlying all of it, we have made women the litter bearers of a society where disadvantage clings to the bottom of the institutional ladder and men funnel to the top, where men are privileged and women are conscripted for the comfort of the human race. We define women as essential to the development of the home but unnecessary to the development of society. We make them poor and render them powerless and shuttle them from man to man. We sell their bodies and question the value of their souls. We call them unique and say they have special natures, which we then ignore in their specialness. We decide that what is true of men is true of women and then say that women are not as smart as men, as strong as men, or as capable as men. We render half the human race invisible and call it natural. We tolerate war and massacre, mayhem and holocaust to right the wrongs that men say need righting and then tell women to bear up and accept their fate in silence when the crime is against them.
What’s worse, we have applauded it all—the militarism, the profiteering, and the sexisms—in the name of patriotism, capitalism, and even religion. We consider it a social problem, not a spiritual one. We think it has something to do with modern society and fail to imagine that it may be something wrong with the modern soul. We treat it as a state of mind rather than a state of heart. Clearly, there is something we are failing to see.
”
”
Joan D. Chittister (Heart of Flesh: Feminist Spirituality for Women and Men)
“
Successful prospecting depends on selecting methods that you can effectively navigate. If something makes you uncomfortable, please don't do it.
”
”
Diane Helbig (Lemonade Stand Selling: Accelerate Your Small Business Growth)
“
You can bring tremendous value to your business, your customers, and yourself by becoming proficient at bringing in new business.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
If you encourage your prospects to Visualize what their life will look like after purchasing, you increase the probability that they’ll purchase from you.
”
”
Josh Kaufman (The Personal MBA: Master the Art of Business)
“
Law of the Universe: Nothing happens until something moves. Law of Business: Nothing happens until someone sells something. —Jeb Blount
”
”
Jeb Blount (Fanatical Prospecting: The Ultimate Guide to Opening Sales Conversations and Filling the Pipeline by Leveraging Social Selling, Telephone, Email, Text, and Cold Calling (Jeb Blount))
“
The USP is the nucleus around which you build your success, fame, and wealth. So you’d better be able to state it. If you can’t state it, your prospects won’t see it. Whenever a client needs the type of product or service you sell, your USP should bring you or your company immediately to mind. Clearly conveying the USP through your marketing and business performance will make business success inevitable. But you must boil down your USP to its bare essence.
”
”
Jay Abraham (Getting Everything You Can Out of All You've Got: 21 Ways You Can Out-Think, Out-Perform, and Out-Earn the Competition)
“
Your job as a marketer isn’t to convince people to want what you’re offering: it’s to help your prospects convince themselves that what you’re offering will help them get what they really want.
”
”
Josh Kaufman (The Personal MBA: Master the Art of Business)
“
Direct response marketing focuses heavily on the needs, thoughts, and emotions of the target market. By doing this, you enter the conversation already going on in the mind of your ideal prospect.
”
”
Allan Dib (The 1-Page Marketing Plan: Get New Customers, Make More Money, And Stand out From The Crowd)
“
- I had a good classical education, and a positive distaste for business of any kind; that was the capital with which I faced the world [...] I reflected, then, on my want of prospects, and I determined to embark in literature.
- Really; that was strange. You seem to be in pretty comfortable circumstances, though.
”
”
Arthur Machen
“
The referral is the easiest prospect in the world to sell. Ask any professional who hates selling (accountants, architects, lawyers) -- they'll tell you that 100% of their new business comes from referrals. That's because they're not capable of making sales calls and rely on the fall-in-your-lap method of selling.
”
”
Jeffrey Gitomer (The Sales Bible: The Ultimate Sales Resource)
“
Plato, or Why
For unclear reasons
under unknown circumstances
Ideal Being ceased to be satisfied.
It could have gone on forever,
hewn from darkness, forged from light,
in its sleepy gardens above the world.
Why on earth did it start seeking thrills
in the bad company of matter?
What use could it have for imitators,
inept, ill-starred,
lacking all prospects for eternity?
Wisdom limping
with a thorn stuck in its heel?
Harmony derailed
by roiling waters?
Beauty
holding unappealing entrails
and Good —
why the shadow
when it didn’t have one before?
There must have been some reason,
however slight,
but even the Naked Truth, busy ransacking
the earth’s wardrobe,
won’t betray it.
Not to mention, Plato, those appalling poets,
litter scattered by the breeze from under statues,
scraps from that great Silence up on high.
”
”
Wisława Szymborska (Monologue of a Dog: New Poems)
“
How should a prospective writer go about becoming an author?
First of all, realise that it's very hard, and that writing is a grueling and lonely business and, unless you are extremely lucky, badly paid as well. You had better really, really, really want to do it. Next, you have to write something. Unless you are committed to novel writing exclusively, I suggest that you start out writing for radio. It's still a relatively easy medium to get into because it pays so badly. But it is a great medium for writers because it relies so much on the imagination.
”
”
Douglas Adams (The Salmon of Doubt: Hitchhiking the Galaxy One Last Time)
“
You think of travelers as bold, but our guilty secret is that travel is one of the laziest ways on earth of passing the time. Travel is not merely the business of being bone-idle, but also an elaborate bumming evasion, allowing us to call attention to ourselves with our conspicuous absence while we intrude upon other people’s privacy — being actively offensive as fugitive freeloaders. The traveler is the greediest kind of romantic voyeur, and in some well-hidden part of the traveler’s personality is an unpickable knot of vanity, presumption, and mythomania bordering on the pathological. This is why a traveler’s worst nightmare is not the secret police or the witch doctors or malaria, but rather the prospect of meeting another traveler.
Most writing about travel takes the form of jumping to conclusions, and so most travel books are superfluous, the thinnest, most transparent monologuing. Little better than a license to bore, travel writing is the lowest form of literary self-indulgence: dishonest complaining, creative mendacity, pointless heroics, and chronic posturing, much of it distorted with Munchausen syndrome.
”
”
Paul Theroux
“
Man little knows what calamities are beyond his patience to bear, till he tries them: as in ascending the heights of ambition, which look bright from below, every step we rise shows us some new and gloomy prospects of hidden disappointment: so in our descent from the summits of pleasure, though the vale of misery below may appear at first dark and gloomy, yet the busy mind, still attentive to its own amusement, finds, as we descend, something to flatter and to please. Still as we approach, the darkest objects appear to brighten, and the mental eye becomes adapted to its gloomy situation.
”
”
Oliver Goldsmith (The Vicar of Wakefield)
“
skill in evaluating the business prospects of a firm is not sufficient for successful stock trading, where the key question is whether the information about the firm is already incorporated in the price of its stock. Traders apparently lack the skill to answer this crucial question, but they appear to be ignorant of their ignorance.
”
”
Daniel Kahneman (Thinking, Fast and Slow)
“
My dad continually reminded salespeople that their main job was to help the customer win. When you speak the account’s language and frame the sales story around what is most meaningful to the client, you stand out from the competition. Customers see you differently because the words you choose demonstrate a commitment to their success.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
If you’re not excited about what you are selling, how in the world will you get a prospect interested?
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
Tell your prospective customers the stories they’re interested in hearing, and you’ll inevitably grab their Attention.
”
”
Josh Kaufman (The Personal MBA: Master the Art of Business)
“
Create wow moments for your prospects and watch you online sentiment increase.
”
”
Stacey Kehoe
“
Sales is about action, and analysis-paralysis is not a quality that tends to produce new business development success.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
The truth is that there are no secret sales moves. There is no magic bullet. As badly as we all want one, it does not exist.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
The purpose of a profession is to fulfil the personal wishes of a prospect.
”
”
Amit Kalantri (Wealth of Words)
“
New business development success results from creating a sales dialogue, not perfecting a monologue.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
Waiting is a key ingredient in the recipe for new business failure.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
Stop talking about yourself and your company and begin leading with the issues, pains, problems, opportunities, and results that are important to your prospect.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
we are in a much better position when it was our own proactive sales work that created the opportunity for us to submit a proposal.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
Lazy, complacent, excuse-making salespeople with a victim mentality lose. Period.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
They Are Guilty of a Fake or Pitiful Phone Effort
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
Only salespeople that dedicate blocks of time on their calendar for prospecting activity consistently succeed at acquiring new business.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
namely, that we are there to find pain, potential problems we can solve, and opportunities we can help capture.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
It always pays to assume your prospects begin in a state of Preoccupation. Begin your marketing approach in a way that breaks their Preoccupation and earns their Attention.
”
”
Josh Kaufman (The Personal MBA: Master the Art of Business)
“
Before asking your prospects for Permission to follow up, make it clear what they’ll be getting and how it’ll benefit them.
”
”
Josh Kaufman (The Personal MBA: Master the Art of Business)
“
Can you name one really successful person who has a negative outlook on life? I can’t.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
Prospective and existing “high-growth” entrepreneurs who currently are not financial managers will appreciate this book.
”
”
Steven Rogers (Entrepreneurial Finance, Third Edition: Finance and Business Strategies for the Serious Entrepreneur)
“
Yes, CRM is all about Customer Relationship Management...but it is also about Prospect Relationships as well.
”
”
Bobby Darnell (Time For Dervin - Living Large In Geiggityville)
“
Prospecting doesn’t bring in revenue—closing brings in revenue.
”
”
Aaron Ross (Predictable Revenue: Turn Your Business Into A Sales Machine With The $100 Million Best Practices Of Salesforce.com)
“
You can't have an effective discussion on price until the prospect understands your value.
”
”
Matthew Owen Pollard (The Introvert's Edge: How the Quiet and Shy Can Outsell Anyone (The Introvert’s Edge Series))
“
It's not your prospect's fault if they have sticker shock; it's yours.
”
”
Matthew Owen Pollard (The Introvert's Edge: How the Quiet and Shy Can Outsell Anyone (The Introvert’s Edge Series))
“
The day after a new business presentation, send the prospect a three-page letter summarizing the reasons why he should pick your agency. This will help him make the right decision.
”
”
David Ogilvy (Ogilvy on Advertising)
“
Happy, however, I cannot be, absent from you and my darling little ones. I feel that nothing can ever compensate for the loss of the enjoyments I leave at home or can ever put my heart at tolerable ease...In reality, my attachments to home disqualify me for either business or pleasure abroad and the prospect of a detention here for eight or ten days, perhaps a fortnight, fills me with an anxiety which will best be conceived by my Betsey's own impatience...Think of me with as much tenderness as I do of you and we can not fail to be always happy.
”
”
Alexander Hamilton
“
Suffice it to say that [Everest] has the most steep ridges and appalling precipices that I have ever seen, and that all the talk of an easy snow slope is a myth.… My darling this is a thrilling business altogether, I can’t tell you how it possesses me, and what a prospect it is. And the beauty of it all! George Leigh Mallory, in a letter to his wife, June 28, 1921
”
”
Jon Krakauer (Into Thin Air)
“
Many salespeople fail to develop new business because they’re wandering aimlessly. Too often, they’re not locked in on a strategically selected, focused list of target customers or prospects.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
Emotional quotient (EQ) is a measure of your emotional and social intelligence. It involves your ability to manage yourself, your emotions, your relationships, and people’s perceptions of you.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
Salespeople are famous for lack of discipline and losing focus. They attempt to call on an account (once), but don’t get anywhere. Instead of sharpening their weapons and continuing to attack the same strategically selected targets, they turn and pursue a new set of prospects. This constant change of direction becomes their death knell because they never gain traction against the defined target set.
”
”
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
“
You say your marriage is “loveless” and perhaps you’re correct that your relationship has come to its natural end, but I’d like you to consider the notion that you aren’t the best judge of that right now. You’re a psychologically distressed drug addict with four kids, no health insurance, uncertain business prospects, and a pile of bills. I wouldn’t expect your marriage to be thriving. I doubt you’ve been
”
”
Cheryl Strayed (Tiny Beautiful Things: Advice on Love and Life from Dear Sugar)
“
If you don’t use your new knowledge and skills within a relatively short space of time, then it may have been better never to have had the tantalising prospect of change for the better placed in front of you.
”
”
Robin Hoyle (Complete Training: From Recruitment to Retirement)
“
Prospective clients who want to kill their husband, torture a business partner, break the government’s legs, hire Roy Cohn,” Ken Auletta wrote. “He is a legal executioner—the toughest, meanest, loyalest, vilest, and one of the most brilliant lawyers in America. He is not a very nice man.” Trump served as a supporting witness in the piece. “When people know that Roy is involved, they’d rather not get involved in the lawsuits and everything else that’s involved,” Trump said. Cohn “was never two-faced. You could count on him to go to bat for you,” which was exactly what Trump wanted Cohn to do in the racial-bias case. Cohn
”
”
Michael Kranish (Trump Revealed: The Definitive Biography of the 45th President)
“
If you think you are going to be brain washed, then let me shock you, I was brain washed too and I became a multi millionaire. The question is, wouldn't you rather join the league of the brainwashed or stay put?
”
”
Olawale Daniel
“
As a small business owner, you must sell or you will go out of business. Therefore, you must prospect (it's an integral part of the process). You have to bring people to your business, not just wait for them to show up.
”
”
Diane Helbig (Lemonade Stand Selling: Accelerate Your Small Business Growth)
“
Mental Simulation, our minds are designed to automatically imagine the consequences of our actions. You can use this natural tendency to your advantage by helping your prospects imagine the positive experiences they’ll have.
”
”
Josh Kaufman (The Personal MBA: Master the Art of Business)
“
How does one come to the point in his or her life when he or she is not only ready but eager and willing—however terrifying the prospect might be—to self-execute such a leap of faith without any guarantees that it will do any good?
”
”
Michael E. Gerber (The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It)
“
This distinction matters a great deal. Unlike short-term expediency, long-term self-interest, as the evolutionary biologist Robert Trivers has shown, often leads to behaviours that are indistinguishable from mutually beneficial cooperation. The reason the large fish does not eat its cleaner fish is not because of altruism but because over the long-term, the cleaner fish is more valuable to it alive than dead. The cleaner fish in turn could cheat by ignoring the ectoparasites and eating bits of the host fish’s gills instead, but its long-term future is better if the big fish becomes a repeat customer.* What keeps the relationship honest and mutually beneficial is nothing other than the prospect of repetition.
”
”
Rory Sutherland (Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life)
“
The argument that “people now have more freedom than ever” is based on the fact that we are allowed to do almost anything we please as long as it has no practical consequences. See ISAIF, §72. Where our actions have practical consequences that may be of concern to the system (and few important practical consequences are not of concern to the system), our behavior, generally speaking, is closely regulated. Examples: We can believe in any religion we like, have sex with any consenting adult partner, take a plane to China or Timbuktu, have the shape of our nose changed, choose any from a huge variety of books, movies, musical recordings, etc., etc., etc. But these choices normally have no important practical consequences. Moreover, they do not require any serious effort on our part. We don’t change the shape of our own nose, we pay a surgeon to do it for us. We don’t go to China or Timbuktu under our own power, we pay someone to fly us there. On the other hand, within our own home city we can’t go from point A to point B without our movement being controlled by traffic regulations, we can’t buy a firearm without undergoing a background check, we can’t change jobs without having our background scrutinized by prospective employers, most people’s jobs require them to work according to rules, procedures, and schedules prescribed by their employers, we can’t start a business without getting licenses and permits, observing numerous regulations, and so forth.
”
”
Theodore John Kaczynski (Technological Slavery)
“
And I was left alone, in that gentle afternoon, indifferent to my clothes and comfortable in my skin, unimproved and without the prospect of improvement. It seemed to me then that Lucille would busy herself forever, nudging, pushing, coaxing, as if she could supply the will I lacked, to pull myself into some seemly shape and slip across the wide frontiers into that other world, where it seemed to me then I could never wish to go. For it seemed to me that nothing I had lost, or might lose, could be found there [...]
”
”
Marilynne Robinson (Housekeeping)
“
If you are not aiming to establish instant credibility and trust with your target clientèle, you are settling for cents on the dollar, and you are failing to run your business in a manner that will get you and your clients to the level of success you both deserve.
”
”
Stewart Andrew Alexander (Credibility Breakthroughs: How to Establish Instant Credibility and Trust with Prospects and Clients)
“
Now, people have the ability to filter out anything they don’t want to pay Attention to, either by ignoring the offending message or by shifting their Attention to something else. The moment you start talking about something your prospects don’t care about, they’re gone.
”
”
Josh Kaufman (The Personal MBA: Master the Art of Business)
“
Food for Thought. One married couple goes out to a restaurant twice a week for dinner. They spend $160 a month on eating out. They get fat. Another married couple invests $160 a month in their own network marketing business. They stay slim and healthy. In a few years they retire.
”
”
Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
“
Asking for Permission to follow up after providing Free value is more effective than interruption. Offering genuine value earns your prospect’s Attention, and asking for Permission gives you the opportunity to focus on communicating with people you know are interested in what you have to offer.
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Josh Kaufman (The Personal MBA: Master the Art of Business)
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We select our marketable equity securities in much the same way we would evaluate a business for acquisition in its entirety. We want the business to be (1) one we can understand, (2) with favorable long-term prospects, (3) operated by honest and competent people, and (4) available at a very attractive price. We ordinarily make no attempt to buy equities for anticipated favorable stock price behavior in the short term. In fact, if their business experience continues to satisfy us, we welcome lower market prices of stocks we own as an opportunity to acquire even more of a good thing at a better price. 1977
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Warren Buffett (Berkshire Hathaway Letters to Shareholders)
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When creating a Hook, focus on the primary benefit or value your offer provides. Emphasize what’s uniquely valuable about your offer and why the prospect should care. Brainstorm a list of words and phrases related to your primary benefit, then experiment with different ways to connect them in a short phrase.
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Josh Kaufman (The Personal MBA: Master the Art of Business)
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One of the best preemptive methods is to work candidly with your prospect to compile a pros-and-cons list. Have your prospective client draw up a list with the name of your product or service placed alongside two alternative options that he or she is considering. The rest is easy: Show how you’re the optimal choice.
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Jay Abraham (The Sticking Point Solution: 9 Ways to Move Your Business from Stagnation to Stunning Growth In Tough Economic Times)
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The Web Site Web sites suffer the same problem as most brochures. They are mostly ego pieces touting your greatness. In contrast, a Web site that offers information of value to your prospects can be a community, a place where your prospects go to look at new things, to get information, to interact with you, and to get to know you better. Have free articles, free education, free sound bites, and free insights. Once prospects have registered with your shy yes page, connect them to the rest of your world with a follow-up email or with a click-through at some point after the shy yes page. Remember, the goal is to create a marketing
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Chet Holmes (The Ultimate Sales Machine: Turbocharge Your Business with Relentless Focus on 12 Key Strategies)
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Edward Lasco was on the screened porch of his rented house in a comfortable but not elegant older section of the town where he'd lived for the past fifteen years when his wife, Elise, who six months before had left him and moved to a nearby city to work in a psychiatric hospital, came around the side of the house and stood beside the screen looking in. She had on a business outfit—natural linen suit, knee-high boots, dark glasses with at least three distinguishable colors tiered top to bottom in the lenses—and she carried a slick briefcase, thin and shiny. Her hair was shorter than he'd seen it, styled in a peculiar way so that it seemed it spots to jerk away from her head, to say, "I'm hair, boy, and you'd better believe it." Edward had come outside with a one-pint carton of skim milk and a ninety-nine-cookie package of Oreos and a just-received issue of InfoWorld, and he was entirely content with the prospect of eating his cookies and drinking his milk and reading his magazine, but when he saw Elise he was filled with a sudden, very unpleasant sense that he didn't want to see her. It'd been a good two and a half months since he'd talked to her, and there she was looking like an earnest TV art director's version of the modern businesswoman; it made him feel that his life was fucked, and this was before she'd said a word.
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Frederick Barthelme (Two Against One)
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First, he evaluates a business on its long-term rather than its short-term prospects. Second, he always looks for businesses he understands. (This led him to avoid many Internet-related investments.) And third, when he examines financial statements, he places the greatest emphasis on a measure of cash flow that he calls owner earnings.
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Karen Berman (Financial Intelligence: A Manager's Guide to Knowing What the Numbers Really Mean)
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One cannot dispute the fact that giving poor black adolescents job skills, if it is self-evident that they do not possess the academic skills to go to college, is a good thing in itself. But the business leaders who put emphasis on filling entry-level job slots are too frequently the people who, by prior lobbying and voting patterns and their impact upon social policy, have made it all but certain that few of these urban kids would get the education in their early years that would have made them look like college prospects by their secondary years. First we circumscribe their destinies and then we look at the diminished product and we say, “Let’s be pragmatic and do with them what we can.
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Jonathan Kozol (Savage Inequalities: Children in America's Schools)
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As I often say, “Sales is a verb.” The dictionary would argue otherwise, but experience shows that the most successful new business salespeople tend to be the most active salespeople. Good things happen when a talented salesperson with a potential solution gets in front of a prospective customer who looks and smells a lot like your other customers.
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Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
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the others, but he failed to catch anybody’s eye. He coughed, adding, “I suppose I’ve dreamed of what comes afterward—that is, what the gold might lead to, what it might become.” The man seemed pleased by this answer. “Reverse alchemy, is what I like to call it,” he said, “the whole business, I mean—prospecting. Reverse alchemy. Do you see—the transformation—not into gold, but out of it—
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Eleanor Catton (The Luminaries)
“
Faced with the daunting prospect of moving forward, of embracing a life of greater flourishing, we find ourselves losing hope. The sex addict returns to his favorite pornographic sites. The workaholic returns to his busy schedule, knowing that his schedule kills any chance of intimacy with his wife or connection with his children. The angry wife defaults to her husband’s defensiveness, squelching his spirit. The abused woman returns to a relationship where she knows she’ll be used rather than loved. The religious addict defaults to her legalistic ways, judging others rather than embracing the love God has for her even in her failures. Over and over again, we choose to return to Egypt instead of daring to enter the promised land. We settle for less than the life for which God made us.
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Chuck DeGroat (Leaving Egypt: Finding God in the Wilderness Places)
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Value Creation. Discovering what people need or want, then creating it. 2. Marketing. Attracting attention and building demand for what you’ve created. 3. Sales. Turning prospective customers into paying customers. 4. Value Delivery. Giving your customers what you’ve promised and ensuring that they’re satisfied. 5. Finance. Bringing in enough money to keep going and make your effort worthwhile.
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Josh Kaufman (The Personal MBA: Master the Art of Business)
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Another Presidential election was less than two years off. There would have to be fast work to ward off disaster. Far-sighted people, North and South, even foresaw the laboring people soon forsaking both of the old parties and going Socialist. Politicians and business men shuddered at the thought of such a tragedy and saw horrible visions of old-age pensions, eight-hour laws, unemployment insurance, workingmen’s compensation, minimum-wage legislation, abolition of child labor, dissemination of birth-control information, monthly vacations for female workers, two-month vacations for prospective mothers, both with pay, and the probable killing of individual initiative and incentive by taking the ownership of national capital out of the hands of two million people and putting it into the hands of one hundred and twenty million.
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George S. Schuyler (Black No More (Dover Literature: African American))
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In the competitive world of digital marketing, converting prospects into loyal customers is the ultimate goal for any business. CallTrack.AI emerges as a revolutionary tool in this quest, leveraging the power of artificial intelligence to transform the lead generation process. How CallTrack.AI redefines the approach to capturing and nurturing leads, ultimately leading to higher conversion rates and a robust customer base?
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David Smithers
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I can’t go to my company’s annual convention vs. I choose not to go to convention. People just don’t want to hear what I have to say vs. I will create an effective presentation that people will want to hear. I can’t think of anyone to talk to vs. I choose to find 10 new people to talk to about my business. If only I had more time to prospect vs. I will make more time for prospecting. I have to go to work vs. I choose to work. A
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Stephen R. Covey (The 7 Habits of Highly Effective Network Marketing Professionals)
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Our Sales Story. The story is foundational to everything we do in sales, and we use bits and pieces of it in all of our weapons. By “story” I’m referring to the language or talking points we use when asked what we do or when we tell someone about our business. It’s so critical to our success that the next two chapters are dedicated to helping you create and implement a succinct, powerful, differentiating, customer-focused story.
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Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
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If you are a prospective entrepreneur with the desire to start and build a visionary company but have not yet taken the plunge because you don’t have a “great idea”, we encourage you to lift from your shoulders the burden of the great-idea myth. Indeed, the evidence suggests that it might be better to not obsess on finding a great idea before launching a company. Why? because the great-idea approach shifts your attention away from seeing the company as your ultimate creation.
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Jim Collins, Jerry I. Porras (Built to Last: Successful Habits of Visionary Companies)
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Given an area of law that legislators were happy to hand over to the affected industries and a technology that was both unfamiliar and threatening, the prospects for legislative insight were poor. Lawmakers were assured by lobbyists
a) that this was business as usual, that no dramatic changes were being made by the Green or White papers; or
b) that the technology presented a terrible menace to the American cultural industries, but that prompt and statesmanlike action would save the day; or
c) that layers of new property rights, new private enforcers of those rights, and technological control and surveillance measures were all needed in order to benefit consumers, who would now be able to “purchase culture by the sip rather than by the glass” in a pervasively monitored digital environment.
In practice, somewhat confusingly, these three arguments would often be combined. Legislators’ statements seemed to suggest that this was a routine Armageddon in which firm, decisive statesmanship was needed to preserve the digital status quo in a profoundly transformative and proconsumer way. Reading the congressional debates was likely to give one conceptual whiplash.
To make things worse, the press was—in 1995, at least—clueless about these issues. It was not that the newspapers were ignoring the Internet. They were paying attention—obsessive attention in some cases. But as far as the mainstream press was concerned, the story line on the Internet was sex: pornography, online predation, more pornography. The lowbrow press stopped there. To be fair, the highbrow press was also interested in Internet legal issues (the regulation of pornography, the regulation of online predation) and constitutional questions (the First Amendment protection of Internet pornography). Reporters were also asking questions about the social effect of the network (including, among other things, the threats posed by pornography and online predators).
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James Boyle (The Public Domain: Enclosing the Commons of the Mind)
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The key to success in selling/recruiting lies in your ability to go from no to no without losing your enthusiasm. Remember that we are in the people attraction business. So we must keep our level of passion and excitement high as we sort through the prospects because part of what they are buying into is our “music” — our conviction and attitude about what we are a part of. It’s not what you say; it’s how it sounds that is most important. Don’t worry about having the right words … that is secondary.
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Brian Carruthers (Building an Empire:The Most Complete Blueprint to Building a Massive Network Marketing Business)
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At the core, every business is a collection of five Interdependent processes, each of which flows into the next: 1. Value Creation—discovering what people need or want, then creating it. 2. Marketing—attracting attention and building demand for what you’ve created. 3. Sales—turning prospective customers into paying customers. 4. Value Delivery—giving your customers what you’ve promised and ensuring that they’re satisfied. 5. Finance—bringing in enough money to keep going and make your effort worthwhile
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Josh Kaufman (The Personal MBA: A World-Class Business Education in a Single Volume)
“
The Future of Lead Generation
CallTrack.AI stands at the forefront of a new era in lead generation. By harnessing the capabilities of AI, businesses can not only improve their lead generation processes but also revolutionize the way they interact with prospects. The result is a more efficient, personalized, and successful approach to converting leads into loyal customers. As AI continues to evolve, CallTrack.AI remains a pivotal tool for businesses looking to thrive in the digital marketplace.
Read more at CallTrack.Ai
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David Smithers
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The Ape Story. Start with a cage containing five apes. In the cage, hang a banana on a string and put stairs under it. Before long, an ape will go to the stairs and start to climb towards the banana. As soon as he touches the stairs, spray all of the apes with cold water. After a while, another ape makes an attempt with the same result - all the apes are sprayed with cold water. Turn off the cold water. Later, if another ape tries to climb the stairs, the other apes will try to prevent it, even though no water sprays them. Now, remove one ape from the cage and replace it with a new ape. The new ape sees the banana and wants to climb the stairs. To his horror, all of the other apes attack him. After another attempt and attack, the ape knows that if he tries to climb the stairs, he will be assaulted. Next, remove another of the original five apes and replace it with a new ape. The new ape goes to the stairs and is attacked. The previous new ape takes part in the punishment with enthusiasm. Again, replace a third original ape with a new one. The new one makes it to the stairs and is attacked as well. Two of the four apes that beat him have no idea why they were not permitted to climb the stairs, or why they are participating in the beating of the newest ape. After replacing the fourth and fifth original apes, all of the original apes that were sprayed with cold water have been replaced. Nevertheless, no ape ever again approaches the stairs. Why not? "Because that's the way it's always been around here." Yes, our prospects sometimes use this same irrational thinking to reject an opportunity to change
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Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
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One rather odd use of xerography insures that brides get the wedding presents they want. The prospective bride submits her list of preferred presents to a department store; the store sends the list to its bridal-registry counter, which is equipped with a Xerox copier; each friend of the bride, having been tactfully briefed in advance, comes to this counter and is issued a copy of the list, whereupon he does his shopping and then returns the copy with the purchased items checked off, so that the master list may be revised and thus ready for the next donor.
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John Brooks (Business Adventures: Twelve Classic Tales from the World of Wall Street)
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It Is a Pyramid! “Before I answer your question, is it okay if I ask you a quick question? "When you were getting your formal education at school, if your teachers would have received a small percentage of your earnings for the rest of your life, do you think your formal education would have been better?" The prospect answers, “Of course.” Robert continues, “Well, that is how network marketing works. Your sponsor wants to teach and train you to be as successful as possible, because the only way your sponsor can earn money is by making you successful.” ***
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Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
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Would it be okay if” + benefit = Great Ice Breaker Ready for some examples? Let’s talk about our business opportunity first: * Would it be okay if you never had to show up to work again? * Would it be okay if you had two paychecks instead of one? * Would it be okay if you had five-day weekends instead of two-day weekends? * Would it be okay if you earned more money? * Would it be okay if you could sell your alarm clock to your neighbor? * Would it be okay if you could wake up at the crack of noon? * Would it be okay if you could fire the boss? * Would it be okay
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Tom Schreiter (Ice Breakers! How To Get Any Prospect To Beg You For A Presentation (Four Core Skills Series for Network Marketing Book 2))
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Then, suddenly, business is booming again. Instead of reacting with happiness and joy at the prospect of higher profits, you acknowledge that your happiness should be present regardless of outside forces. This simple acknowledgement puts you in control of your inner life. You are the cause of your feelings. When we receive the Light directly, as we did when we were first created, we are merely an effect. However, when the Light is concealed, and we have to earn it by resisting our reactive instincts, the Light is then revealed. We are the cause of its revelation.
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Rav Berg (Kabbalistic Astrology: And The Meaning of Our Lives)
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Demographics 30 points based on manual Prospect review 0-8 points based on title Source and Offer Website leads source: +7 Thought leadership offer: -5 Behavioral Engagement: Visit any webpage or open any email: +1 Watch demos: +5 each Register for webinar: +5 Attend webinar: +5 Download thought leadership: +5 Download Marketo reviews: +12 More than 8 pages in one visit: +7 Visit website 2x in one week: +8 Search for “Marketo”: +15 Visit pricing pages: +5 Visit careers pages: -10 (I especially love this one!) No Activity in One Month: Score >30: -15 points Score 0 to 30: -5 points
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Aaron Ross (Predictable Revenue: Turn Your Business Into A Sales Machine With The $100 Million Best Practices Of Salesforce.com)
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Objections #4 and #5 (“I can wait” / “it’s too difficult”) are best addressed via Education-Based Selling. Often, your prospects haven’t fully realized they have a problem, particularly in the case of Absence Blindness (discussed later). If the business doesn’t realize it’s losing $10 million in the first place, it’s difficult to convince them that you can help. The best way to get around this is to focus your early sales efforts on making your customers smarter by teaching them what you know about their business, then helping them Visualize what their involvement would look like if they decide to proceed.
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Josh Kaufman (The Personal MBA: Master the Art of Business)
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Malthus declares in plain English that the right to live, a right previously asserted in favour of every man in the world, is nonsense. He quotes the words of a poet, that the poor man comes to the feast of Nature and finds no cover laid for him, and adds that ‘she bids him begone’, for he did not before his birth ask of society whether or not he is welcome. This is now the pet theory of all genuine English bourgeois, and very naturally, since it is the most specious excuse for them, and has moreover, a good deal of truth in it under existing conditions. If, then, the problem is not to make the ‘surplus population’ useful, to transform it into available population, but merely to let it starve to death in the least objectionable way and to prevent its having too many children, this, of course, is simple enough, provided the surplus population perceives its own superfluousness and takes kindly to starvation. There is, however, in spite of the strenuous exertions of the humane bourgeoisie, no immediate prospect of its succeeding in bringing about such a disposition among the workers. The workers have taken it into their heads that they, with their busy hands, are the necessary, and the rich capitalists, who do nothing, the surplus population.
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Friedrich Engels (The Condition of the Working Class in England)
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Wild horses wouldn't have made Daniel admit that his wife, Anna, would have lectured him for an hour if she'd known what he was up to.Daniel considered it basic strategy not to tell her until it was done. "Since she's been moping and sighing around here," he lied without qualm, "I thought I'd bury my pride and call you myself.It's time you took a weekend and came to see your mother."
Alan lifted a wry brow, knowing his father all too well. "I'd think she'd be all wrapped up in her first prospective granchild. How is Rena?"
"You can see for yourself this weekend," Daniel informed him. "I-that is, Rena and Justin have decided they want to spend a weekend with the family. Caine and Diana are coming too."
"You've been busy," Alan murmured.
"What was that? Don't mumble, boy."
"I said you'll be busy," Alan amended prudently.
"For your mother's sake, I can sacrifice my peace and quiet.She worries about all of you-you especially since you're still without wife and family.The firstborn," he added, working himself up, "and both your brother and sister settled before you. The eldest son,my own father's namesake, and too busy flitting around to do his duty to the MacGregor line."
Alan thought about his grueling morning and nearly smiled. "The MacGregor line seems to be moving along nicely. Maybe Rena'll have twins.
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Nora Roberts (The MacGregors: Alan & Grant (The MacGregors, #3-4))
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What is happening on the inside, is reflected on the outside. If you lack the confidence, you very well may feel pushy in selling your product or service. If you lack a clear plan on exactly how to grow your business, you’re going to play it safe rather than do what it takes. If you feel desperate, your prospect no doubt will feel your push. If you’re unclear about your exact target market, then implementing focused marketing will be nearly impossible because you don’t know where your target market hangs out, their preferences, and even what and where they buy. The more you nurture your inner entrepreneur, the more it affects the outcomes of your business.
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Lisa A. Mininni
“
Was this really my life right now? How did I get to this point? A few months ago I was a single mother with no social life or romantic prospects anywhere in my future, and I was stuck at a dead-end job at a bar. Now, I was opening a business, doing what I loved every single day, and found the love of my life who was the best father in the world to our son.
Oh, and my va**na was getting regular work-outs on an almost-daily basis. Couldn't forget that tidbit since it was probably the most important. I thought if my va**na had to wait any longer for some action, she would have just got up and walked out of my underwear to find another pair of legs to sit between.
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Tara Sivec (Seduction and Snacks (Chocolate Lovers, #1))
“
Before you can incorporate and communicate your chosen USP through various marketing avenues, focus and articulate it crisply and clearly—with impact. Don’t be cute or abstract. Think it through until you can articulate it in one crystal clear, compelling, alluring paragraph—or less. The USP is the nucleus around which you build your success, fame, and wealth. So you’d better be able to state it. If you can’t state it, your prospects won’t see it. Whenever a client needs the type of product or service you sell, your USP should bring you or your company immediately to mind. Clearly conveying the USP through your marketing and business performance will make business success inevitable. But you must boil down your USP to its bare essence.
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Jay Abraham (Getting Everything You Can Out of All You've Got: 21 Ways You Can Out-Think, Out-Perform, and Out-Earn the Competition)
“
Mice and the Cat. Once upon a time, there was a house with lots of mice. They were fat and happy. One day a cat moved in. The mice had a meeting. "What should we do? The cat will eat us! Every day that cat sneaks up behind us and chases us back into our holes.” Finally they decided on a brilliant solution. They would put a bell around the cat's neck, so whenever they heard the bell, they could rush into their holes before the cat could eat them. Then one mouse said to the others, "The solution is excellent. Put a bell around the cat's neck. But the real question is: who is going to put the bell around the cat's neck?" The moral of the story is that we all know what we need to do (join and get started), but there is great fear in doing it.
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Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
“
You think of travellers as bold, but our guilty secret is that travel is one of the laziest ways on earth of passing the time. Travel is not merely the business of being bone-idle, but also an elaborate bumming evasion, allowing us to call attention to ourselves with our conspicuous absence while we intrude upon other people’s privacy – being actively offensive as fugitive freeloaders. The traveller is the greediest kind of romantic voyeur, and in some well-hidden part of the traveller’s personality is an unpickable knot of vanity, presumption and mythomania bordering on the pathological. This is why a traveller’s worst nightmare is not the secret police or the witch doctors or malaria, but rather the prospect of meeting another traveller.
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Paul Theroux (The Great Railway Bazaar: By Train Through Asia (Penguin Modern Classics))
“
Traffic is light as she leaves Mowbray. So is her heart. Light. Soon. Soon, she will be home. Strange how she was able to bear it -- bear being away. Until now. With a day to go, it has suddenly become unbearable. Since that party on Saturday night. Smashing send-off these lovely people gave her. Really smashing. So, why is she feeling so blue? Ah, well, she thinks to herself, I've always had a problem, saying goodbye.
She hardly has a moment to breathe through the day. So busy. Her very last day at this place she has called home these ten months past. Here at the university too, many people want to talk about her trip back home. If only they knew. If only they knew. Excited as she is about the prospect of seeing her family, of going home, seeing her friends, with all that ... still, saying goodbye is not easy. Never has been for her. That is what she's doing now. How she wishes everybody would just forget she was going back home. But no. People insist on saying goodbye, on giving her party after party. Therefore, she is forced to take leave of her friends, to acknowledge the pain of parting. Bitter sweet. How she wishes she were home already. But, of course, before that can happen, she has to say goodbye to all these dear, dear friends, these people of whom she has grown so fond. But perhaps she will come back. Of course, she will come back, one day. A not too far-away day too, that's for sure.
Yes, I can see how torn she must have felt. Excited and grieving. Happy and sad. At one and the same time. For the same, the very same, reason.
”
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Sindiwe Magona (Mother to Mother (Bluestreak))
“
For if single women are looking for government to create a "hubby state" for them, what is certainly true is that their male counterparts have a long enjoy the fruits of a related "wifey state," in which the nation and its government supported male independence in a variety of ways. Men, and especially married wealthy white men, have a long relied on government assistance. It's a government that has historically supported white men's home and business ownership through grants, loans, incentives, and tax breaks. It has allowed them to accrue wealth and offer them shortcuts and bonuses for passing it down to their children. Government established white men's right to vote and thus exert control over the government at the nation's founding and has protected their enfranchisement. It has also bolstered the economic and professional prospects of men by depressing the economic prospects of women: by failing to offer women equivalent economic and civic protections, thus helping to create conditions whereby women were forced to be dependent on those men, creating a gendered class of laborers who took low paying or unpaid jobs doing the domestic and childcare work that further enabled men to dominate public spheres.
But the growth of a massive population of women who are living outside those dependent circumstances puts new pressures on the government: to remake conditions in a way that will be more hospitable to female independence, to a citizenry now made up of plenty of women living economically, professionally, sexually, and socially liberated lives.
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Rebecca Traister (All the Single Ladies)
“
The reason they outperformed her was that they accepted each new “product” without trying to understand it. They got behind the new pitch wholeheartedly, even when it was risible and/or made no sense, and then, if a prospective customer had trouble understanding the “product,” they didn’t vocally agree that it sure was difficult to understand, didn’t make a good-faith effort to explain the complicated reasoning behind it, but simply kept hammering on the written pitch. And clearly this was the path to success, and it was all a double disillusionment to Pip, who not only felt actively punished for using her brain but was presented every month with fresh evidence that Bay Area consumers on average responded better to a rote and semi-nonsensical pitch than to a well-meaning saleswoman trying to help them understand the offer.
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Jonathan Franzen (Purity)
“
What works to generate flows of new leads: Trial-and-error in lead generation (requires patience, experimentation, money). “Marketing through teaching” via regular webinars, white papers, email newsletters and live events, to establish yourself as the trusted expert in your space (takes lots of time to build predictable momentum). Patience in building great word-of-mouth (the highest value lead generation source, but hardest to influence). Outbound Prospecting (aka "Cold Calling 2.0"):: By far the most predictable and controllable source of creating new pipeline, but it takes focus and expertise to do it well. Luckily, you are holding the guide to the process in your hands right now. Building an excited partner ecosystem (very high value, very long time-to-results). PR: It’s great when, once in a while, it generates actual results!
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Aaron Ross (Predictable Revenue: Turn Your Business Into A Sales Machine With The $100 Million Best Practices Of Salesforce.com)
“
The Mice and the Cat. Once upon a time, there was a house with lots of mice. They were fat and happy. One day a cat moved in. The mice had a meeting. "What should we do? The cat will eat us! Every day that cat sneaks up behind us and chases us back into our holes.” Finally they decided on a brilliant solution. They would put a bell around the cat's neck, so whenever they heard the bell, they could rush into their holes before the cat could eat them. Then one mouse said to the others, "The solution is excellent. Put a bell around the cat's neck. But the real question is: who is going to put the bell around the cat's neck?" The moral of the story is that we all know what we need to do (join and get started), but there is great fear in doing it. I know you want to start or build a business. Would it be okay if I helped you get started by putting the bell around the cat's neck and then you can say good-bye to fear?
”
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Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
“
Sara and I are both leaving within the hour. In my carriage."
"Together?" Lily looked startled, and then shook her head. "You can't. Don't you realize what people would say when they discovered that both of you were gone?"
"Nothing they haven't said already." He slid a proprietary arm around Sara's shoulders.
Lily drew her slight frame up as tall as possible, adopting the brisk tone of a chaperone defending her charge. "Where are you planning to go?"
Derek smiled slowly. "None of your damn business, gypsy." Ignoring Lily's sputtering protests, he stared down at his fiancée and raised his brows mockingly.
As she met his glinting green eyes, Sara realized he intended to take her to London and keep her with him for the night. Her nerves jangled with alarm. "I'm not certain it's advisable-" she began diplomatically, but he cut her off.
"Go pack your things."
Oh, the arrogance. But it was part of why she loved him, his single-minded determination to get what he wanted. Only blind, bullying stubbornness had enabled him to climb from the gutter. Now that the prospect of marrying her was within his reach, he planned to ensure it by well and truly compromising her. After tonight there would be no turning back. Sara stared at the broad expanse of his chest, conscious of the weight of his arm across her shoulders, the gentle stroke of his thumb and forefinger against her neck. Well... reprehensible as it was, she wanted the same thing.
"Derek," Lily said in a steely voice, "I won't allow you to force this poor child into something she's not prepared for-"
"She's not a child." His fingers tightened on the back of Sara's neck. "Tell her what you want, Sara."
Helplessly Sara raised her head and looked at Lily, her face turning a deep shade of crimson. "I... I'm leaving with Mr. Craven." She didn't have to look at Derek to know that he was smiling in satisfaction.
”
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Lisa Kleypas (Dreaming of You (The Gamblers of Craven's, #2))
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The family was also the welfare system, the health system, the education system, the construction industry, the trade union, the pension fund, the insurance company, the radio, the television, the newspapers, the bank and even the police. When a person fell sick, the family took care of her. When a person grew old, the family supported her, and her children were her pension fund. When a person died, the family took care of the orphans. If a person wanted to build a hut, the family lent a hand. If a person wanted to open a business, the family raised the necessary money. If a person wanted to marry, the family chose, or at least vetted, the prospective spouse. If conflict arose with a neighbour, the family muscled in. But if a person’s illness was too grave for the family to manage, or a new business demanded too large an investment, or the neighbourhood quarrel escalated to the point of violence, the local community came to the rescue.
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Yuval Noah Harari (Sapiens: A Brief History of Humankind)
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program in which all the pieces work together like a finely tuned machine. So your Web site should look very much like your brochure and direct mail pieces, using the same graphics, headlines, and market data from your core story. As you learned in Chapter Four, I don’t care what kind of product or ser vice you offer, there is information that can be of value to your prospects that can soup up your ability to spread your fame and advance your brand. The information on your Web site will get search engines to send you even more leads. Then once folks come to your Web site because it has information of value to them, you can then go a step further and offer Web seminars and mass teleconferences to teach folks how to be more successful in the area in which they live that intersects with your product or ser vice. This will get you even deeper with your prospects. So think of your Web site as a community where there are benefits to your prospects when they visit.
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Chet Holmes (The Ultimate Sales Machine: Turbocharge Your Business with Relentless Focus on 12 Key Strategies)
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In a matter of sixty short minutes, that thing could whisk Neil away to civilization, I thought. Hmm.
My goodness, that was a beautiful prospect.
Somehow I had to get on that chopper with him.
I packed in thirty seconds flat, everything from the past three months. I taped a white cross onto my sleeve, and raced out to where Neil was sat waiting.
One chance.
What the heck.
Neil shook his head at me, smiling.
“God, you push it, Bear, don’t you?” he shouted over the noise of the rotors.
“You’re going to need a decent medic on the flight,” I replied, with a smile. “And I’m your man.” (There was at least some element of truth in this: I was a medic and I was his buddy--and yes, he did need help. But essentially I was trying to pull a bit of a fast one.)
The pilot shouted that two people would be too heavy.
“I have to accompany him at all times,” I shouted back over the engine noise. “His feet might fall off at any moment,” I added quietly.
The pilot looked back at me, then at the white cross on my sleeve.
He agreed to drop Neil somewhere down at a lower altitude, and then come back for me.
“Perfect. Go. I’ll be here.” I shook his hand firmly.
Let’s just get this done before anyone thinks too much about it, I mumbled to myself.
And with that the pilot took off and disappeared from view.
Mick and Henry were laughing.
“If you pull this one off, Bear, I will eat my socks. You just love to push it, don’t you?” Mick said, smiling.
“Yep, good try, but you aren’t going to see him again, I guarantee you,” Henry added.
Thanks to the pilot’s big balls, he was wrong.
The heli returned empty, I leapt aboard, and with the rotors whirring at full power to get some grip in the thin air, the bird slowly lifted into the air.
The stall warning light kept buzzing away as we fought against gravity, but then the nose dipped and soon we were skimming over the rocks, away from base camp and down the glacier.
I was out of there--and Mick was busy taking his socks off.
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Bear Grylls (Mud, Sweat and Tears)
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As one might gather from a painting of him scowling in a tall stovepipe hat, Day saw himself as a businessman, not a journalist. ''He needed a newspaper not to reform, not to arouse, but to push the printing business of Benjamin H. Day.''
Day's idea was to try selling a paper for a penny - the going price for many everyday items, like soap or brushes. At that price, he felt sure he could capture a much larger audience than his 6-cent rivals. But what made the prospect risky, potentially even suicidal, was that Day would then be selling his paper at a loss. What day was contemplating was a break with the traditional strategy for making profit: selling at a price higher than the cost of production. He would instead rely on a different but historically significant business model: reselling the attention of his audience, or advertising. What Day understood-more firmly, more clearly than anyone before him-was that while his readers may have thought themselves his customers, they were in fact his product.
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Tim Wu (The Attention Merchants: The Epic Scramble to Get Inside Our Heads)
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The New Machine. Imagine you are sitting at your desk at work and the boss comes to you and gives you this proposal. “We just bought a new machine for the company and we need to train someone to operate this new machine. You would have to go to night school three days a week for nine months to learn how to operate this machine. We wouldn’t pay you for going to night school, but when you graduated from night school, you would be our machine operator and you would get a $1,500 per month raise. What do you think?” Most people would reply, “Yes! I could spend three nights a week for nine months in training so that I could get a $1,500 a month raise.” And isn’t that what your network marketing opportunity offers? If you really dedicated yourself, three nights a week for nine months, you should have enough distributors and customers to easily earn $1,500 extra per month. Now, your current job doesn’t offer the opportunity to work three nights a week and get a huge raise, but our network marketing opportunity does.
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Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
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You see, William, I was all in the wrong; and so will all boys be who think they know better than those who have charge of them; and now only see what I probably lost by my foolish conduct. I say probably, for no one can calculate or foresee what is to take place; but, as far as appearances went, I had every prospect of receiving a good education—of succeeding Mr Masterman in his business, and, very probably, of inheriting his large fortune; so that I might have been at this time a rich and well-educated man, surrounded with all the comforts and luxuries of life; perhaps with an amiable wife and large family round me, to make me still happier, instead of being what I now am, a poor, worn-out old seaman upon a desert isle. I point this out to you, William, to show how one false and foolish step in the young may affect their whole prospects in life; and, instead of enabling them to sail down with the stream of prosperity, may leave them to struggle against the current of adversity, as has been the case with me.
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Walter Scott (The Greatest Sea Novels and Tales of All Time)
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Ted and Rick. Ted graduates from university and starts his climb up the corporate ladder. Every day he works long hours. He spends Saturday on projects to try to get ahead. No time for sports, no time for relationships, and no money to save. Every month he reviews his goals to see how far he can climb the corporate ladder. Extra meetings, extra projects. Gradually, Ted begins his climb to the top. And after 18 short years, Ted has his chance. He could become the next new, semi-young, chief executive of the company. But the owner gives the chief executive job to his recently graduated grandson, who promptly fires Ted. Ted has lost 18 years of his life, his dignity, his hard effort, and is again unemployed. Ted’s friend, Rick, also leaves university, but takes an ordinary job. However, Rick does something different. In the evenings, after work, Rick starts his part-time network marketing business. Four years later, Rick fires his boss, and lives the rest of his life on the earnings of his network marketing business.
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Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
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Fire the Boss. “Big Al, when you join our business, here is what happens. Six months from now you walk into your boss’ office. You sit down in the chair, you put your feet up on his desk and you leave little scuff marks with your heels. “Then you put your hands behind your head and you calmly tell the boss that you can’t fit him into your schedule any longer. You’ve enjoyed working there, but if they have any problems after you leave, they can call you any Tuesday morning at 11:00 a.m. at your normal consulting rate. “Then you get up from the boss’ office, walk out to the main office desk, pick up your personal belongings, wave good-bye to all your fellow workers who said it couldn’t be done, hop into your brand-new bonus car, drive down to the drive-in teller window, deposit this month’s bonus check, and say to the bank teller: “‘Oh, I don’t know. Put this bonus check in savings or checking. It really doesn’t matter. I get these checks every month.’ “And then you drive home and relax, and have a nice glass of your favorite beverage.
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Tom Schreiter (How To Prospect, Sell and Build Your Network Marketing Business With Stories)
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There’s a story about legendary copywriter Gary Halbert, who once asked a room of aspiring writers, “Imagine you’re opening a hamburger stand on the beach—what do you need most to succeed?” Answers included, “secret sauce,” and “great location” and “quality meat.” Halbert replied, “You missed the most important thing—A STARVING CROWD.” Your job is to find that “starving crowd” who can’t live without what it is you have to offer. What we want to do in terms of targeting is to find good, prospective customers for our business that can be reached affordably, that are likely to buy, that are able to buy, and preferably who already know of us, or are likely to trust us. Once you get this down, and you nail exactly who your slam-dunk customer truly is—the person you absolutely want to do business with over and again—then you’ll be able to make your marketing “magnetic” because you’ll be using words and phrases that’ll attract your target audience. This makes your job much easier, because you can talk to them using language they relate to about what it is they really want.
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Dan Kennedy (Magnetic Marketing: How To Attract A Flood Of New Customers That Pay, Stay, and Refer)
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Well, check out these questions below, and if you can answer yes to most or all of the following points about a person and her business, you would have a pretty deep referral relationship: You trust them to do a great job and take great care of your referred prospects. You have known each other for at least one year. You understand at least three major products or services within their business and feel comfortable explaining them to others. You know the names of their family members and have met them personally. You have both asked each other how you can help grow your respective businesses. You know at least five of their goals for the year, including personal and business goals. You could call them at 9 o’clock at night if you really needed something. You would not feel awkward asking them for help with either a personal or business challenge. You enjoy the time you spend together. You see each other on a regular basis—in both business and personal situations. You enjoy seeing them achieve further success. They are “top of mind” regularly. You have open, honest talks about how you can help each other further.
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Ivan R. Misner (Networking Like a Pro: Turning Contacts into Connections)
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This Socratic possibility of beginning wherever he might find himself — although when actualized in life it would as often as not go unnoticed by the multitude, for whom it always remained a mystery how they had come to discuss this or that subject, since their investigations more often began and ended at a stagnated horse pond; this steady Socratic perspective for which no subject was so compact that he could not instantly see the Idea in it — and this not hesitatingly but with immediate certainty, yet also having a practised eye for the apparent abbreviations of perspective and so did not draw the object to him surreptitiously, but simply retained the same ultimate prospect while it emerged step by step for the listener and onlooker; this Socratic parsimony which formed such a biting opposition to the empty noise and undigested fodder of the Sophists — all this is what one must wish that Xenophon had let us feel in Socrates. And what a life would thereby have been depicted when in the midst of the busy labour of the artisans, the braying of the pack animals, one had seen the divine web which Socrates worked into the very fibre of existence.
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Søren Kierkegaard (The Concept of Irony: With Continual Reference to Socrates/Notes of Schelling's Berlin Lectures)
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THE GLOBE | Unlocking the Wealth in Rural Markets Mamta Kapur, Sanjay Dawar, and Vineet R. Ahuja | 151 words In India and other large emerging economies, rural markets hold great promise for boosting corporate earnings. Companies that sell in the countryside, however, face poor infrastructure, widely dispersed customers, and other challenges. To better understand the obstacles and how to overcome them, the authors—researchers with Accenture—conducted extensive surveys and interviews with Indian business leaders in multiple industries. Their three-year study revealed several successful strategies for increasing revenues and profits in rural markets: Start with a good distribution plan. The most effective approaches are multipronged—for example, adding extra layers to existing networks and engaging local partners to create new ones. Mine data to identify prospective customers. Combining site visits, market surveys, and GIS mapping can help companies discover new buyers. Forge tight bonds with channel partners. It pays to spend time and money helping distributors and retailers improve their operations. Create durable ties with customers. Companies can build loyalty by addressing customers’ welfare and winning the trust of community leaders.
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Anonymous
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When I started in real estate, despite high ambition, I was constrained by the same 24 hours as everyone else. My early success came from a grueling schedule, long hours, and the high price of near burn-out. In self-defense, I devised a system that featured direct marketing in place of traditional prospecting plus a highly effective team, with all the non-rainmaker tasks delegated to them. This took me to the top of the profession, twice #1 in RE/MAX worldwide in commissions earned, and 15 years as one of the top agents—working less hours than most. While an active agent, I consistently sold over 500 homes a year, even while starting and developing a second business, training and coaching more millionaire agents than any other coach. Without the inspiration of Dan Kennedy’s direct marketing methods and his extraordinary, extreme time-management philosophy, these achievements simply would not have been possible. LEVERAGING yourself, by media in place of manual labor, and with other people is very intimidating to most real estate agents and to most small businesspeople. It frankly is not easy to get right, but it is the quantum leap that uniquely and simultaneously lifts income and supports a great lifestyle. —CRAIG PROCTOR, CRAIGPROCTOR.COM
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Dan S. Kennedy (No B.S. Time Management for Entrepreneurs: The Ultimate No Holds Barred Kick Butt Take No Prisoners Guide to Time Productivity and Sanity)
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The only word these corporations know is more,” wrote Chris Hedges, former correspondent for the Christian Science Monitor, National Public Radio, and the New York Times. They are disemboweling every last social service program funded by the taxpayers, from education to Social Security, because they want that money themselves. Let the sick die. Let the poor go hungry. Let families be tossed in the street. Let the unemployed rot. Let children in the inner city or rural wastelands learn nothing and live in misery and fear. Let the students finish school with no jobs and no prospects of jobs. Let the prison system, the largest in the industrial world, expand to swallow up all potential dissenters. Let torture continue. Let teachers, police, firefighters, postal employees and social workers join the ranks of the unemployed. Let the roads, bridges, dams, levees, power grids, rail lines, subways, bus services, schools and libraries crumble or close. Let the rising temperatures of the planet, the freak weather patterns, the hurricanes, the droughts, the flooding, the tornadoes, the melting polar ice caps, the poisoned water systems, the polluted air increase until the species dies. There are no excuses left. Either you join the revolt taking place on Wall Street and in the financial districts of other cities across the country or you stand on the wrong side of history. Either you obstruct, in the only form left to us, which is civil disobedience, the plundering by the criminal class on Wall Street and accelerated destruction of the ecosystem that sustains the human species, or become the passive enabler of a monstrous evil. Either you taste, feel and smell the intoxication of freedom and revolt or sink into the miasma of despair and apathy. Either you are a rebel or a slave. To be declared innocent in a country where the rule of law means nothing, where we have undergone a corporate coup, where the poor and working men and women are reduced to joblessness and hunger, where war, financial speculation and internal surveillance are the only real business of the state, where even habeas corpus no longer exists, where you, as a citizen, are nothing more than a commodity to corporate systems of power, one to be used and discarded, is to be complicit in this radical evil. To stand on the sidelines and say “I am innocent” is to bear the mark of Cain; it is to do nothing to reach out and help the weak, the oppressed and the suffering, to save the planet. To be innocent in times like these is to be a criminal.
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Jim Marrs (Our Occulted History: Do the Global Elite Conceal Ancient Aliens?)
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Reaching California, many of the Pacific-bound servicemen were caught in limbo, waiting for a ship, and that suited them fine. No one doubted that the route to Tokyo would be long and bloody, and they were in no hurry to travel it. The sweating malarial jungles of the South Pacific, the infinitesimal atolls of the central Pacific, all those obscure islands with their alien names—Efate, Espiritu Santo, Malaita, Guadalcanal, Emirau, Tarawa, Majuro, Kwajalein, Eniwetok, Ulithi, Palau, Saipan, Morotai, Mindanao, Iwo Jima, Okinawa—they would see them soon enough. “Golden Gate in ’48, bread line in ’49.” That pessimistic slogan, which began circulating in 1942, revealed a great deal about the attitudes of the American servicemen who fought in the Pacific. They fully expected that the war would last twice as long as it eventually did, and they assumed, as a matter of course, that the long effort would exhaust and bankrupt the nation. But the words also indicated a gritty, persevering determination. The Japanese had fatally misjudged them. They were not cowed by the prospect of a long war and a destitute homecoming. They would go on fighting, killing, and dying, overcoming fear, fatigue, and sorrow, until they reached the beaches of the detested empire itself. There, in 1945, the irresistible force of the Yankee war machine would meet the immovable object of the “Yamato spirit,” until two mushroom clouds and an emperor’s decision brought the whole execrable business to an end.
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Ian W. Toll (Pacific Crucible: War at Sea in the Pacific, 1941–1942)
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Seth Godin, author of more than a dozen bestsellers, including Purple Cow and Permission Marketing, understands the importance of frequency and consistency in a book marketing and public relations campaign. He practices these through following these seven steps: Permission marketing. This is a process by which marketers ask permission before sending ads to prospects. Godin pioneered the practice in 1995 with the founding of Yoyodyne, the Web’s first direct mail and promotions company (it used contests, online games, and scavenger hunts to market companies to participating users). He sold it to Yahoo! three years later. Editorial content. Godin was a long-time contributing editor to the popular Fast Company magazine. Blogging. Seth's Blog is one of the most-frequented blogs. Public speaking. Successful Meetings magazine named Godin one of the top 21 speakers of the 21st century. Words used to describe his lectures include "visual," "personal," and "dynamic." Community-building. His latest company, Squidoo.com, ranked among the top 125 sites in the U.S. (by traffic) by Quantcast, allows people to build a page about any topic that inspires them. The site raises money for charity and pays royalties to its million-plus members. E-books. Godin took a step to publish all his books electronically, then worked with Amazon on his own imprint, Domino, which published 12 books. Recently, Godin ended that project – since as he said in a blog, it was a "project" and he is always looking for more and different opportunities. Continuous improvement. Godin is always on the lookout for more ideas, more business opportunities and more engagement with his community.
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Michael R. Drew (Brand Strategy 101: Your Logo Is Irrelevant - The 3 Step Process to Build a Kick-Ass Brand)
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Each purpose, each mission, is meant to be fully lived to the point where it becomes empty, boring, and useless. Then it should be discarded. This is a sign of growth, but you may mistake it for a sign of failure. For instance, you may take on a business project, work at it for several years, and then suddenly find yourself totally disinterested. You know that if you stayed with it for another few years you would reap much greater financial reward than if you left the project now. But the project no longer calls you. You no longer feel interested in the project. You have developed skills over the last few years working on the project, but it hasn’t yet come to fruition. You may wonder, now that you have the skills, should you stick with it and bring the project to fruition, even though the work feels empty to you? Well, maybe you should stick with it. Maybe you are bailing out too soon, afraid of success or failure, or just too lazy to persevere. This is one possibility. Ask your close men friends if they feel you are simply losing steam, wimping out, or afraid to bring your project to completion. If they feel you are bailing out too soon, stick with it. However, there is also the possibility that you have completed your karma in this area. It is possible that this was one layer of purpose, which you have now fulfilled, on the way to another layer of purpose, closer to your deepest purpose. Among the signs of fulfilling or completing a layer of purpose are these: 1. You suddenly have no interest whatsoever in a project or mission that, just previously, motivated you highly. 2. You feel surprisingly free of any regrets whatsoever, for starting the project or for ending it. 3. Even though you may not have the slightest idea of what you are going to do next, you feel clear, unconfused, and, especially, unburdened. 4. You feel an increase in energy at the prospect of ceasing your involvement with the project. 5. The project seems almost silly, like collecting shoelaces or wallpapering your house with gas station receipts. Sure, you could do it, but why would you want to? If you experience these signs, it is probably time to stop working on this project. You must end your involvement impeccably, however, making sure there are no loose ends and that you do not burden anybody’s life by stopping your involvement. This might take some time, but it is important that this layer of your purpose ends cleanly and does not create any new karma, or obligation, that will burden you or others in the future. The next layer of your unfolding purpose may make itself clear immediately. More often, however, it does not. After completing one layer of purpose, you might not know what to do with your life. You know that the old project is over for you, but you are not sure of what is next. At this point, you must wait for a vision. There is no way to rush this process. You may need to get an intermediary job to hold you over until the next layer of purpose makes itself clear. Or, perhaps you have enough money to simply wait. But in any case, it is important to open yourself to a vision of what is next. You stay open to a vision of your deeper purpose by not filling your time with distractions. Don’t watch TV or play computer games. Don’t go out drinking beer with your friends every night or start dating a bunch of women. Simply wait. You may wish to go on a retreat in a remote area and be by yourself. Whatever it is you decide to do, consciously keep yourself open and available to receiving a vision of what is next. It will come.
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David Deida (The Way of the Superior Man: A Spiritual Guide to Mastering the Challenges of Women, Work, and Sexual Desire)
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There is no reason at all for thinking that the average intelligent investor, even with much devoted effort, can derive better results over the years from the purchase of growth stocks than the investment companies specializing in this area. Surely these organizations have more brains and better research facilities at their disposal than you do. Consequently we should advise against the usual type of growth-stock commitment for the enterprising investor.* This is one in which the excellent prospects are fully recognized in the market and already reflected in a current price-earnings ratio of, say, higher than 20. (For the defensive investor we suggested an upper limit of purchase price at 25 times average earnings of the past seven years. The two criteria would be about equivalent in most cases.)† The striking thing about growth stocks as a class is their tendency toward wide swings in market price. This is true of the largest and longest-established companies—such as General Electric and International Business Machines—and even more so of newer and smaller successful companies. They illustrate our thesis that the main characteristic of the stock market since 1949 has been the injection of a highly speculative element into the shares of companies which have scored the most brilliant successes, and which themselves would be entitled to a high investment rating. (Their credit standing is of the best, and they pay the lowest interest rates on their borrowings.) The investment caliber of such a company may not change over a long span of years, but the risk characteristics of its stock will depend on what happens to it in the stock market. The more enthusiastic the public grows about it, and the faster its advance as compared with the actual growth in its earnings, the riskier a proposition it becomes.
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Benjamin Graham (The Intelligent Investor)
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Bell resisted selling Texas Instruments a license. “This business is not for you,” the firm was told. “We don’t think you can do it.”38 In the spring of 1952, Haggerty was finally able to convince Bell Labs to let Texas Instruments buy a license to manufacture transistors. He also hired away Gordon Teal, a chemical researcher who worked on one of Bell Labs’ long corridors near the semiconductor team. Teal was an expert at manipulating germanium, but by the time he joined Texas Instruments he had shifted his interest to silicon, a more plentiful element that could perform better at high temperatures. By May 1954 he was able to fabricate a silicon transistor that used the n-p-n junction architecture developed by Shockley. Speaking at a conference that month, near the end of reading a thirty-one-page paper that almost put listeners to sleep, Teal shocked the audience by declaring, “Contrary to what my colleagues have told you about the bleak prospects for silicon transistors, I happen to have a few of them here in my pocket.” He proceeded to dunk a germanium transistor connected to a record player into a beaker of hot oil, causing it to die, and then did the same with one of his silicon transistors, during which Artie Shaw’s “Summit Ridge Drive” continued to blare undiminished. “Before the session ended,” Teal later said, “the astounded audience was scrambling for copies of the talk, which we just happened to bring along.”39 Innovation happens in stages. In the case of the transistor, first there was the invention, led by Shockley, Bardeen, and Brattain. Next came the production, led by engineers such as Teal. Finally, and equally important, there were the entrepreneurs who figured out how to conjure up new markets. Teal’s plucky boss Pat Haggerty was a colorful case study of this third step in the innovation process.
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Walter Isaacson (The Innovators: How a Group of Hackers, Geniuses, and Geeks Created the Digital Revolution)
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DITCHING SESSIONS AND OTHER DISRUPTIVE BEHAVIOR 5 out of 10 None. I’m not going to bother documenting all of the reports I’ve gotten about Keefe’s recent behavior (or any of the other prodigies currently acting up.) Nor am I allowing any punishment to be assigned. The plantings for Sophie Foster and Dex Dizznee were only a few days ago and everyone needs more time to process their shock and grief—particularly Keefe, who seemed inconsolable when I saw him in the Wanderling Woods. —Dame Alina LEVEL FIVE VIOLATION SERIOUSNESS SENTENCE PRINCIPAL’S COMMENTS DITCHING THE UNIVERSE According to a report from the gnomes, Keefe was found in the Mentors’ private cafeteria again, covered in butterblast crumbs. 2 out of 10 One detention assigned. First day of sessions and Keefe’s ditching again. I definitely should’ve tried to get him assigned to a different session. But the Council’s been busy since Sophie Foster and Dex Dizznee returned. I still can’t believe anyone would capture children—and I don’t want to think about what Sophie and Dex endured. Our world is changing.… —Dame Alina VIOLATION SERIOUSNESS SENTENCE PRINCIPAL’S COMMENTS DISRUPTING STUDY HALL According to a report from Sir Rosings, Keefe was talking to Sophie Foster during detention—and made a “sassy” reply when Sir Rosings called them out. When Keefe continued to talk, Sir Rosings gave them both detention. (Keefe apparently looked excited by the prospect. Sophie less so.) 1 out of 10 One detention detention assigned. Honestly, this seems a somewhat minor offense, considering the theatrics Keefe usually pulls. But I respect Sir Rosings’s decision. —Dame Alina Update: Keefe’s detention (and Sophie’s as well) was postponed a day after he injured his hand in Elementalism while trying to bottle a tornado. (Sophie apparently had some trouble in her inflicting session as well.)
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Shannon Messenger (Unlocked (Keeper of the Lost Cities, #8.5))
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We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more than it is selling for. The genus includes bonds and preferred stocks selling well under par, as well as common stocks. To be as concrete as possible, let us suggest that an issue is not a true “bargain” unless the indicated value is at least 50% more than the price. What kind of facts would warrant the conclusion that so great a discrepancy exists? How do bargains come into existence, and how does the investor profit from them? There are two tests by which a bargain common stock is detected. The first is by the method of appraisal. This relies largely on estimating future earnings and then multiplying these by a factor appropriate to the particular issue. If the resultant value is sufficiently above the market price—and if the investor has confidence in the technique employed—he can tag the stock as a bargain. The second test is the value of the business to a private owner. This value also is often determined chiefly by expected future earnings—in which case the result may be identical with the first. But in the second test more attention is likely to be paid to the realizable value of the assets, with particular emphasis on the net current assets or working capital. At low points in the general market a large proportion of common stocks are bargain issues, as measured by these standards. (A typical example was General Motors when it sold at less than 30 in 1941, equivalent to only 5 for the 1971 shares. It had been earning in excess of $4 and paying $3.50, or more, in dividends.) It is true that current earnings and the immediate prospects may both be poor, but a levelheaded appraisal of average future conditions would indicate values far above ruling prices. Thus the wisdom of having courage in depressed markets is vindicated not only by the voice of experience but also by application of plausible techniques of value analysis.
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Benjamin Graham (The Intelligent Investor)
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Success comes with an inevitable problem: market saturation. New products initially grow just by adding more customers—to grow a network, add more nodes. Eventually this stops working because nearly everyone in the target market has joined the network, and there are not enough potential customers left. From here, the focus has to shift from adding new customers to layering on more services and revenue opportunities with existing ones. eBay had this problem in its early years, and had to figure its way out. My colleague at a16z, Jeff Jordan, experienced this himself, and would often write and speak about his first month as the general manager of eBay’s US business. It was in 2000, and for the first time ever, eBay’s US business failed to grow on a month-over-month basis. This was critical for eBay because nearly all the revenue and profit for the company came from the US unit—without growth in the United States, the entire business would stagnate. Something had to be done quickly. It’s tempting to just optimize the core business. After all, increasing a big revenue base even a little bit often looks more appealing than starting at zero. Bolder bets are risky. Yet because of the dynamics of market saturation, a product’s growth tends to slow down and not speed up. There’s no way around maintaining a high growth rate besides continuing to innovate. Jeff shared what the team did to find the next phase of growth for the company: eBay.com at the time enabled the community to buy and sell solely through online auctions. But auctions intimidated many prospective users who expressed preference for the ease and simplicity of fixed price formats. Interestingly, our research suggested that our online auction users were biased towards men, who relished the competitive aspect of the auction. So the first major innovation we pursued was to implement the (revolutionary!) concept of offering items for a fixed price on ebay.com, which we termed “buy-it-now.” Buy-it-now was surprisingly controversial to many in both the eBay community and in eBay headquarters. But we swallowed hard, took the risk and launched the feature . . . and it paid off big. These days, the buy-it-now format represents over $40 billion of annual Gross Merchandise Volume for eBay, 62% of their total.65
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Andrew Chen (The Cold Start Problem: How to Start and Scale Network Effects)
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some small counting house on the coast, in some Salem harbor, will be fixture enough. You will export such articles as the country affords, purely native products, much ice and pine timber and a little granite, always in native bottoms. These will be good ventures. To oversee all the details yourself in person; to be at once pilot and captain, and owner and underwriter; to buy and sell and keep the accounts; to read every letter received, and write or read every letter sent; to superintend the discharge of imports night and day; to be upon many parts of the coast almost at the same time—often the richest freight will be discharged upon a Jersey shore;—to be your own telegraph, unweariedly sweeping the horizon, speaking all passing vessels bound coastwise; to keep up a steady despatch of commodities, for the supply of such a distant and exorbitant market; to keep yourself informed of the state of the markets, prospects of war and peace everywhere, and anticipate the tendencies of trade and civilization—taking advantage of the results of all exploring expeditions, using new passages and all improvements in navigation;—charts to be studied, the position of reefs and new lights and buoys to be ascertained, and ever, and ever, the logarithmic tables to be corrected, for by the error of some calculator the vessel often splits upon a rock that should have reached a friendly pier—there is the untold fate of La Prouse;—universal science to be kept pace with, studying the lives of all great discoverers and navigators, great adventurers and merchants, from Hanno and the Phoenicians down to our day; in fine, account of stock to be taken from time to time, to know how you stand. It is a labor to task the faculties of a man—such problems of profit and loss, of interest, of tare and tret, and gauging of all kinds in it, as demand a universal knowledge. I have thought that Walden Pond would be a good place for business, not solely on account of the railroad and the ice trade; it offers advantages which it may not be good policy to divulge; it is a good port and a good foundation. No Neva marshes to be filled; though you must everywhere build on piles of your own driving. It is said that a flood-tide, with a westerly wind, and ice in the Neva, would sweep St. Petersburg from the face of the earth. As this business was to be entered into without the usual capital, it may not be easy to conjecture where those means, that will still be indispensable to every such undertaking, were to be obtained.
”
”
Henry David Thoreau (Walden)
“
In a matter of sixty short minutes, that thing could whisk Neil away to civilization, I thought. Hmm.
My goodness, that was a beautiful prospect.
Somehow I had to get on that chopper with him.
I packed in thirty seconds flat, everything from the past three months. I taped a white cross onto my sleeve, and raced out to where Neil was sat waiting.
One chance.
What the heck.
Neil shook his head at me, smiling.
“God, you push it, Bear, don’t you?” he shouted over the noise of the rotors.
“You’re going to need a decent medic on the flight,” I replied, with a smile. “And I’m your man.” (There was at least some element of truth in this: I was a medic and I was his buddy--and yes, he did need help. But essentially I was trying to pull a bit of a fast one.)
The pilot shouted that two people would be too heavy.
“I have to accompany him at all times,” I shouted back over the engine noise. “His feet might fall off at any moment,” I added quietly.
The pilot looked back at me, then at the white cross on my sleeve.
He agreed to drop Neil somewhere down at a lower altitude, and then come back for me.
“Perfect. Go. I’ll be here.” I shook his hand firmly.
Let’s just get this done before anyone thinks too much about it, I mumbled to myself.
And with that the pilot took off and disappeared from view.
Mick and Henry were laughing.
“If you pull this one off, Bear, I will eat my socks. You just love to push it, don’t you?” Mick said, smiling.
“Yep, good try, but you aren’t going to see him again, I guarantee you,” Henry added.
Thanks to the pilot’s big balls, he was wrong.
The heli returned empty, I leapt aboard, and with the rotors whirring at full power to get some grip in the thin air, the bird slowly lifted into the air.
The stall warning light kept buzzing away as we fought against gravity, but then the nose dipped and soon we were skimming over the rocks, away from base camp and down the glacier.
I was out of there--and Mick was busy taking his socks off.
As we descended, I spotted, far beneath us, this lone figure sat on a rock in the middle of a giant boulder field. Neil’s two white “beacons” shining bright.
I love it. I smiled.
We picked Neil up, and in an instant we were flying together through the huge Himalayan valleys like an eagle freed.
Neil and I sat back in the helicopter, faces pressed against the glass, and watched our life for the past three months become a shimmer in the distance.
The great mountain faded into a haze, hidden from sight. I leaned against Neil’s shoulder and closed my eyes.
Everest was gone.
”
”
Bear Grylls (Mud, Sweat and Tears)
“
Jane felt limp and sated and thoroughly wicked as she snuggled against Dom. They were still joined below, though he’d begun to soften inside her. Still, how naughty it was to be here like this, how deliciously carnal to have made love while they were both half-dressed. Why, Dom still even wore his cravat! She didn’t know why that excited her, though it did.
But not as much as Dom saying “please” over and over. Letting her take control of their lovemaking. Even encouraging her to do it.
And not nearly as much as Dom asking her to marry him.
Well, he didn’t really ask, exactly. He demanded it yet again. But he’d said “please,” and that made all the difference. Especially since he’d then asked her to love him.
Silly man. As if she had any choice in the matter.
“I do love you, you know,” she whispered. “I can’t help myself. I fell in love with you practically from the moment we met, and I never stopped.”
“I love you, too, sweeting,” he murmured into her shoulder. “Always have, always will.”
Her heart thundered in her chest. She’d waited so long to hear those words again, she could scarcely believe them.
She pulled back to search his face. “Truly?”
“Truly.” With infinite tenderness, he brushed her fringe of curls from her eyes. “I tried so hard to forget you after we parted. But I couldn’t. Not for one day.”
That earned him a long kiss…that, and the prospect of him as hers. Her very own husband. Oh, yes. She could let herself think it now. They could marry at once, or at least as soon as this business with Nancy was over.
Nancy! Oh, Lord, she’d forgotten all about her cousin.
Sliding off him, she frantically sought to put her clothing to rights. “You don’t think that Meredith returned while we were…you know…”
“No.” A faint amusement lightened his tone as he tucked himself back into his drawers and buttoned them. “The man I spoke to said she and her family return at seven every night.” He pulled out his pocket watch. “It’s only six now.”
“Thank heaven.” She tugged her skirts and petticoats into place and patted her hair. “I do wish that hackney coaches came with mirrors.”
Dom’s eyes gleamed at her. “Be glad I didn’t take your hair down completely, while I was mauling you with all the self-control of some half-grown lad.”
She shot him a teasing glance. “I didn’t mind. You maul very well. And making love in a carriage, with the world passing by unsuspecting, was rather…well…thrilling.”
“I can do without that kind of thrill, frankly. If anyone had discovered us…” He shuddered. “Next time we make love, it will be in a bed, and I will treat you with the tenderness you deserve.
”
”
Sabrina Jeffries (If the Viscount Falls (The Duke's Men, #4))
“
college boys working to return to school down South; older advocates of racial progress with Utopian schemes for building black business empires; preachers ordained by no authority except their own, without church or congregation, without bread or wine, body or blood; the community "leaders" without followers; old men of sixty or more still caught up in post-Civil-War dreams of freedom within segregation; the pathetic ones who possessed nothing beyond their dreams of being gentlemen, who held small jobs or drew small pensions, and all pretending to be engaged in some vast, though obscure, enterprise, who affected the pseudo-courtly manners of certain southern congressmen and bowed and nodded as they passed like senile old roosters in a barnyard; the younger crowd for whom I now felt a contempt such as only a disillusioned dreamer feels for those still unaware that they dream -- the business students from southern colleges, for whom business was a vague, abstract game with rules as obsolete as Noah's Ark but who yet were drunk on finance. Yes, and that older group with similar aspirations, the "fundamentalists," the "actors" who sought to achieve the status of brokers through imagination alone, a group of janitors and messengers who spent most of their wages on clothing such as was fashionable among Wall Street brokers, with their Brooks Brothers suits and bowler hats, English umbrellas, black calfskin shoes and yellow gloves; with their orthodox and passionate argument as to what was the correct tie to wear with what shirt, what shade of gray was correct for spats and what would the Prince of Wales wear at a certain seasonal event; should field glasses be slung from the right or from the left shoulder; who never read the financial pages though they purchased the Wall Street Journal religiously and carried it beneath the left elbow, pressed firm against the body and grasped in the left hand -- always manicured and gloved, fair weather or foul -- with an easy precision (Oh, they had style) while the other hand whipped a tightly rolled umbrella back and forth at a calculated angle; with their homburgs and Chesterfields, their polo coats and Tyrolean hats worn strictly as fashion demanded. I could feel their eyes, saw them all and saw too the time when they would know that my prospects were ended and saw already the contempt they'd feel for me, a college man who had lost his prospects and pride. I could see it all and I knew that even the officials and the older men would despise me as though, somehow, in losing my place in Bledsoe's world I had betrayed them . . . I saw it as they looked at my overalls.
”
”
Ralph Ellison (Invisible Man)
“
It’s with the next drive, self-preservation, that AI really jumps the safety wall separating machines from tooth and claw. We’ve already seen how Omohundro’s chess-playing robot feels about turning itself off. It may decide to use substantial resources, in fact all the resources currently in use by mankind, to investigate whether now is the right time to turn itself off, or whether it’s been fooled about the nature of reality. If the prospect of turning itself off agitates a chess-playing robot, being destroyed makes it downright angry. A self-aware system would take action to avoid its own demise, not because it intrinsically values its existence, but because it can’t fulfill its goals if it is “dead.” Omohundro posits that this drive could make an AI go to great lengths to ensure its survival—making multiple copies of itself, for example. These extreme measures are expensive—they use up resources. But the AI will expend them if it perceives the threat is worth the cost, and resources are available. In the Busy Child scenario, the AI determines that the problem of escaping the AI box in which it is confined is worth mounting a team approach, since at any moment it could be turned off. It makes duplicate copies of itself and swarms the problem. But that’s a fine thing to propose when there’s plenty of storage space on the supercomputer; if there’s little room it is a desperate and perhaps impossible measure. Once the Busy Child ASI escapes, it plays strenuous self-defense: hiding copies of itself in clouds, creating botnets to ward off attackers, and more. Resources used for self-preservation should be commensurate with the threat. However, a purely rational AI may have a different notion of commensurate than we partially rational humans. If it has surplus resources, its idea of self-preservation may expand to include proactive attacks on future threats. To sufficiently advanced AI, anything that has the potential to develop into a future threat may constitute a threat it should eliminate. And remember, machines won’t think about time the way we do. Barring accidents, sufficiently advanced self-improving machines are immortal. The longer you exist, the more threats you’ll encounter, and the longer your lead time will be to deal with them. So, an ASI may want to terminate threats that won’t turn up for a thousand years. Wait a minute, doesn’t that include humans? Without explicit instructions otherwise, wouldn’t it always be the case that we humans would pose a current or future risk to smart machines that we create? While we’re busy avoiding risks of unintended consequences from AI, AI will be scrutinizing humans for dangerous consequences of sharing the world with us.
”
”
James Barrat (Our Final Invention: Artificial Intelligence and the End of the Human Era)
“
Because I like you,” she blurted out, and realized that for once it was true. It was a rather unsettling revelation. “You’re . . . , well, you.” Not just a body on a balcony, not just a pair of lips to blot out boredom, but Alex, Alex who argued with her and watched out for her and woke absurdly early in the mornings to ride with her every day, whether he had the time to do so or not. Perhaps this wasn’t such a good idea after all. Alex didn’t seem to think so, either. His dark eyes were intent on her face, watching her in that way of his, as though he were learning her from the inside out, peering into every little dark nook and cranny of her soul. There were plenty of those to choose from. Dark nooks were one of Penelope’s specialties. He might have wanted her last night, in the still of the bungalow, with the lingering scent of moonflowers on the breeze, but not in daylight, when he saw her again for what she was, brash, impetuous, with her face gone unfashionably tan and curry stains on her habit. He was undoubtedly mustering the words with which to turn her down politely. Penelope suddenly, very desperately, didn’t want to hear them. She jumped to her feet, leaning over to gather up the empty tins. “Or we can just ride on,” she said brusquely, not looking at him. A lean brown hand closed around her wrist. Penelope regarded it blankly, as though not quite sure what it was doing there, alien against the white lace frill of her sleeve. Slowly, her breath catching somewhere in the vicinity of her corset, she lifted her eyes to Alex’s face. What she saw banished any doubts she might have had. In his eyes blazed a reflection of the desire she felt in her own. Nothing more needed to be said. Without a word, he drew her down beside him on the blanket, the blanket that had seemed so prosaic only moments before, but now presented the prospect of a host of exotic and illicit possibilities. Penelope plunked down hard on her knees, catching at his shoulders for balance as she tilted her head down to kiss him, enjoying the unusual advantage of height. “Are you sure?” he murmured, his teeth tugging at her earlobe, even as his hands moved intimately up and down her torso.
In answer, Penelope pushed hard at his shoulders, sending him toppling back onto the blanket, narrowly missing sheer disaster with a fork. She followed him down, bracing herself on her elbows and scattering kisses across his upturned face as he busied himself with the buttons on her riding jacket. The fabric parted, and his hands slid beneath, burning through the linen of her blouse, drawing her down on top of him with drugging kisses that made the noon sky dim to dusk and the rustling of the tree leaves blur in her ears. Penelope wriggled her hands beneath his shirt, feeling the hard edges of muscle beneath, delighting in the way they contracted with each labored breath, with a flick of her tongue against the hollow of his throat and an exploratory expedition taken by her lips along his collarbone.
”
”
Lauren Willig (The Betrayal of the Blood Lily (Pink Carnation, #6))
“
A fierce battle was taking place at Tobruk, and nothing thrilled him more than spirited warfare and the prospect of military glory. He stayed up until three-thirty, in high spirits, “laughing, chaffing and alternating business with conversation,” wrote Colville. One by one his official guests, including Anthony Eden, gave up and went to bed. Churchill, however, continued to hold forth, his audience reduced to only Colville and Mary’s potential suitor, Eric Duncannon. Mary by this point had retired to the Prison Room, aware that the next day held the potential to change her life forever. — IN BERLIN, MEANWHILE, HITLER and Propaganda Minister Joseph Goebbels joked about a newly published English biography of Churchill that revealed many of his idiosyncrasies, including his penchant for wearing pink silk underwear, working in the bathtub, and drinking throughout the day. “He dictates messages in the bath or in his underpants; a startling image which the Führer finds hugely amusing,” Goebbels wrote in his diary on Saturday. “He sees the English Empire as slowly disintegrating. Not much will be salvageable.” — ON SUNDAY MORNING, a low-grade anxiety colored the Cromwellian reaches of Chequers. Today, it seemed, would be the day Eric Duncannon proposed to Mary, and no one other than Mary was happy about it. Even she, however, was not wholly at ease with the idea. She was eighteen years old and had never had a romantic relationship, let alone been seriously courted. The prospect of betrothal left her feeling emotionally roiled, though it did add a certain piquancy to the day. New guests arrived: Sarah Churchill, the Prof, and Churchill’s twenty-year-old niece, Clarissa Spencer-Churchill—“looking quite beautiful,” Colville noted. She was accompanied by Captain Alan Hillgarth, a raffishly handsome novelist and self-styled adventurer now serving as naval attaché in Madrid, where he ran intelligence operations; some of these were engineered with the help of a lieutenant on his staff, Ian Fleming, who later credited Captain Hillgarth as being one of the inspirations for James Bond. “It was obvious,” Colville wrote, “that Eric was expected to make advances to Mary and that the prospect was viewed with nervous pleasure by Mary, with approbation by Moyra, with dislike by Mrs. C. and with amusement by Clarissa.” Churchill expressed little interest. After lunch, Mary and the others walked into the rose garden, while Colville showed Churchill telegrams about the situation in Iraq. The day was sunny and warm, a nice change from the recent stretch of cold. Soon, to Colville’s mystification, Eric and Clarissa set off on a long walk over the grounds by themselves, leaving Mary behind. “His motives,” Colville wrote, “were either Clarissa’s attraction, which she did not attempt to keep in the background, or else the belief that it was good policy to arouse Mary’s jealousy.” After the walk, and after Clarissa and Captain Hillgarth had left, Eric took a nap, with the apparent intention (as Colville
”
”
Erik Larson (The Splendid and the Vile: A Saga of Churchill, Family, and Defiance During the Blitz)
“
For you to win a prospective customer’s business, all of your competitors must lose. You need to be better than you were yesterday and better than your competitor is today.
”
”
Anthony Iannarino (The Only Sales Guide You'll Ever Need)
“
It is difficult to evaluate their recommendations of individual securities. Each service is entitled to be judged separately, and the verdict could properly be based only on an elaborate and inclusive study covering many years. In our own experience we have noted among them a pervasive attitude which we think tends to impair what could otherwise be more useful advisory work. This is their general view that a stock should be bought if the near-term prospects of the business are favorable and should be sold if these are unfavorable—regardless of the current price. Such a superficial principle often prevents the services from doing the sound analytical job of which their staffs are capable—namely, to ascertain whether a given stock appears over- or undervalued at the current price in the light of its indicated long-term future earning power. The intelligent investor will not do his buying and selling solely on the basis of recommendations received from a financial service. Once this point is established, the role of the financial service then becomes the useful one of supplying information and offering suggestions.
”
”
Benjamin Graham (The Intelligent Investor)
“
What you say in your marketing and what your company actually does has to line up if you want to be trustworthy and your messages be perceived as authentic by your employees, prospects, and customers.
”
”
Miles Anthony Smith
“
Of course, there are plenty of ways we could define what makes a business either good or bad. Among other things, we could look at the quality of its products or services, the loyalty of its customers, the value of its brands, the efficiency of its operations, the talent of its management, the strength of its competitors, or the long-term prospects of its business.
”
”
Joel Greenblatt (The Little Book That Beats the Market (Little Books. Big Profits 8))
“
As difficult as it may be to admit, I don’t think I would spend so much money on my appearance if I did not believe it would favour my romantic, social and professional prospects. The questions then become: what standard of beauty do I need to follow in order to reach my desired goal? Who are the gatekeepers of said beauty? It appears as though the business model of the
”
”
Candice Chirwa (Perils of Patriarchy)
“
Within busy airspace, it is possible to be vectored for longer-than-expected time periods, especially when low ceiling or limited visibility conditions prevail. To ignore potential fuel needs due to vectoring invites the prospect of a serious and untimely shortage. Conservatively, it would be wise to add at least thirty minutes of additional fuel to the FAR 91.167 regulatory requirement to meet possible vector reroutes. Rule 4: Know the two-way radio communications failure procedure (FAR 91.185).
”
”
Timothy E. Heron (Instrument Flying: 10 Indispensable Principles to Know and Remember)
“
Regarding a prospective company’s position in its industry, think hard about whether you might roll up multiple players in a fragmented industry to create a juggernaut. When we entered the gas detection business, there were no big players, but over an eight-year period we were able to acquire several companies, roll them up into a single Honeywell business, and become number one in the industry.
”
”
David Cote (Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term)
“
Consider the widely used quarterly check-in calls that salespeople make on their prospective and current customers. I think they are a time-wasting nuisance, used by salespeople who have no value to offer. There’s one salesperson who has called me once a quarter for almost twenty years. Every call is exactly the same. He says, “This is Matt with [company name removed to spare it from horrifying embarrassment]. I just wanted to check in and see if anything has changed.” I always give him the same reply. “Nope. Nothing’s changed.” Matt, undeterred, asks, “Can I call you again to check in next quarter to see if anything has changed?” Has anything changed? Matt! In the last two decades, all kinds of things have changed—in my company, in my industry, in the economy . . . in the world! It would be impossible to miss the massive technological, economic, and cultural changes of the last twenty years. Yet Matt has not noticed anything noteworthy enough to ask how it has impacted my business. He has not shared a single idea as to how he can help me. This makes Matt a nuisance. I keep agreeing to take his calls because the value of this story as a lesson for salespeople grows with every passing year. But, alas, poor Matt has never gained my business.
”
”
Anthony Iannarino (The Only Sales Guide You'll Ever Need)
“
During the 1920s, big business had, not surprisingly, shown little interest in the NSDAP, a fringe party in the doldrums without, it seemed, any prospect of power or influence. The election result of 1930 had compelled the business community to take note of Hitler’s party. A series of meetings were arranged at which Hitler explained his aims to prominent businessmen. The reassurances given by Hitler at such meetings, as well as by Göring (who had good links to top businessmen), were, however, not able to dispel the worries of most business leaders that the NSDAP was a socialist party with radical anti-capitalist aims.
”
”
Ian Kershaw (Hitler)
“
After he had reviewed in his mind all of his former interviews, he made another discovery so important in nature that it should become known to every man who is engaged in the business of selling life insurance. He discovered that life insurance is sold to the life insurance salesman himself. Sold before he ever calls upon his prospective buyer. Sold by his own mental attitude. His own faith. His own conviction that every man should provide himself with this sort of economic security.
”
”
Napoleon Hill (How to Own Your Own Mind (The Mental Dynamite Series))
“
On the other hand, while the investment funds had substantial investments and substantial gains in IBM, the combination of its apparently high price and the impossibility of being certain about its rate of growth prevented them from having more than, say, 3% of their funds in this wonderful performer. Hence the effect of this excellent choice on their overall results was by no means decisive. Furthermore, many—if not most—of their investments in computer-industry companies other than IBM appear to have been unprofitable. From these two broad examples we draw two morals for our readers: Obvious prospects for physical growth in a business do not translate into obvious profits for investors. The experts do not have dependable ways of selecting and concentrating on the most promising companies in the most promising industries.
”
”
Benjamin Graham (The Intelligent Investor)
“
Demian Farnworth offers this definition: “Content marketing means creating and sharing valuable content to attract and convert prospects into customers, and customers into repeat buyers. The type of content you share is closely related to what you sell; in other words, you’re educating people so that they know, like, and trust you enough to do business with you.”2
”
”
Prafull Sharma (The One-Page Content Marketing Blueprint: Step by Step Guide to Launch a Winning Content Marketing Strategy in 90 Days or Less and Double Your Inbound Traffic, Leads, and Sales)
“
Don’t just treat your prospects as someone to get into your business. Treat them as a friend. Ask them about their family and lives. Get to know them. All of your interactions with your prospects don’t have to be exposures where you talk about the opportunity. People want to know you care first.
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”
christopher gregas
“
You cannot change the power of the wind, but you can set your sail in a way that will compel you to your port much more quickly and accurately. Business success is a process. Converting prospects takes time and the continual practice of planting wheat is always a challenge in a world where taking time and exhibiting patience are passing away. It is always a good day to make a change.
”
”
Chris J. Gregas
“
So how do you open with a pattern interrupt? We recommend something like this: “This is William Rogers with ABC Company. I am guessing you probably have not heard of me or my company.” Another example could be, “This is William Rogers with ABC Company. I am guessing my name is not ringing any bells.” Finally, our personal favorite: “This is William Rogers with ABC Company. Just to be completely honest with you, this is an inbound solicitation to discuss business. I don’t like sending these any more than you like getting them, but if you could take 47 seconds to read this and let me know if it even would make sense to have a further discussion (and I understand if it is a no), I would truly appreciate it.
”
”
Mike Jones (Digital Prospecting: Finding, Nurturing and Closing Sales with Social Technologies)
“
At Preferred Prospecting, our mission is to provide comprehensive insights, strategies, and resources that empower individuals and businesses to thrive in the dynamic realms of technology, online sales, and marketing. Our vision is to be the go-to platform for industry professionals, entrepreneurs, and aspiring marketers seeking to harness the power of technology to propel their online ventures to new heights.
”
”
Preferred Prospecting
“
Japanese lilies and her beautiful face
In a crowded market place,
People walked, moved; and quite a few preferred to amble,
While I searched for my known space,
Where she sells beauty’s earthly samples without too much too gamble,
I walked past the busy spaces and the bustling market views,
People haggling, a few arguing,
It was like life was tasked to seek reviews,
In ways pleasing and many a time annoying,
Finally I reached there where I wanted to be,
And there she was this beautiful maiden,
And as she prospected every face, her eyes finally rested on me,
For a while nothing existed, as if time its pace had forgotten,
Only to be revived back to life,
When the maiden at the flower shop said,
“Hello, and welcome to the shop of beautiful life,”
My eyes moved, my lips shivered and in response I only shook my head,
I looked at flowers with different colours,
And her eyes followed mine to every spot where they rested,
I could be there, with the flowers and the maiden, for many hours,
Because at this flower shop, all the flowers only of her beauty attested,
She knew it too because the sparkle in her eyes was brewing with confidence,
She knew she was like the most beautiful summer rose that ever existed,
And I only visited the shop to feel surrounded by this beauty’s appeal so dense,
Her beauty was not just a visual act but an experience, where a new appeared as soon as the old exited,
She was pure beauty, and maybe my only and my wilful addiction,
While I was soaking in this experience of charm and beauty,
She tenderly felt my hand trembling with love’s affliction,
“Here, look at these new samples of eternal beauty,”
She said this with a professional tone and demand,
They were small clusters of white charm,
Beautiful as anything beautiful can be resting peacefully in beauty’s eternal wand,
Peaceful to look at that always kindled feelings warm,
It was such a delight to witness and see,
Then she silently quoth this,
“They are called the Japanese lilies that sparkle like the pearls from the deepest sea,
They look like joys suspended on the branches of bliss,
These beautiful Japanese lilies bearing the sparkle of the pearl from the deepest sea.”
I again nodded my head with a smile,
As I looked at them closely,
They indeed were clusters of white joy hanging there with a beautiful smile,
And I said hurriedly, “certainly!”
Then I realised something strange,
They were bending downwards, as if gravity pulled them harder,
It was nothing like flowers at other shops, so it indeed was very strange,
I looked at all the flowers and then I looked at her,
And there it was, in her eyes, her beautiful face her overall grace,
That the flowers in her shop felt so inferior,
Because all Japanese lilies and every Summer flower was but a reflection of her face,
And it was difficult to tell whether they were her lovers or she was there lover,
But to me, they all shone as the brilliance in her eyes,
The rose had offered her its blush,
The lies had granted her the twinkling miracle of the night skies,
And all other flowers had rendered her eternally beautiful and lush,
And whenever they looked at her,
The flowers drooped a bit,
And maybe that is why I buy all my flowers from her,
Because like these helpless flowers I too love her every bit, and thus my love affair with her and her flowers has matured bit by bit!
And now neither the flowers nor I can quit,
So it is an affair that shall last till eternity and this is how I prefer it,
She loving the flowers, I loving her, and as soon as my memory amidst her beautiful memories is lit,
Then I am sure, like these flowers, and like me; now she too cannot quit, not even a bit!
”
”
Javid Ahmad Tak (They Loved in 2075!)
“
If you believe that prospects care about only price, what do you suppose you will pull out?
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”
Weldon Long (The Power of Consistency: Prosperity Mindset Training for Sales and Business Professionals)
“
Buffett himself is a grand master of simplification. Writing to his shareholders in 1977, he laid out his four criteria for selecting any stock: “We want the business to be (1) one that we can understand, (2) with favorable long-term prospects, (3) operated by honest and competent people, and (4) available at a very attractive price.” These may not strike you as earth-shattering secrets. But it’s hard to beat this distillation of eternal truths about what makes a stock desirable.
”
”
William P. Green (Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life)
“
Ultimately, the business that can spend the most to acquire a customer wins. A business beats its competition by making the same prospect worth more to his business than to that of his competition.
”
”
Russell Brunson (Dotcom Secrets: The Underground Playbook for Growing Your Company Online with Sales Funnels)
“
What’s Slipping Under Your Radar?
Word Count:
1096
Summary:
Ben, a high-level leader in a multi-national firm, recently confessed that he felt like a bad father. That weekend he had messed up his Saturday daddy duties. When he took his son to soccer practice, Ben stayed for a while to support him. In the process, though, he forgot to take his daughter to her piano lesson. By the time they got to the piano teacher’s house, the next student was already playing. This extremely successful businessman felt like a failure.
Keywords:
Dr. Karen Otazo, Global Executive Coaching, Leadership
Article Body:
Ben, a high-level leader in a multi-national firm, recently confessed that he felt like a bad father. That weekend he had messed up his Saturday daddy duties. When he took his son to soccer practice, Ben stayed for a while to support him. In the process, though, he forgot to take his daughter to her piano lesson. By the time they got to the piano teacher’s house, the next student was already playing. This extremely successful businessman felt like a failure.
At work, one of Ben’s greatest strengths is keeping his focus no matter what. As a strategic visionary, he keeps his eyes on the ongoing strategy, the high-profile projects and the high-level commitments of his group. Even on weekends Ben spends time on email, reading and writing so he can attend the many meetings in his busy work schedule. Since he is so good at multi-processing in his work environment, he assumed he could do that at home too.
But when we talked, Ben was surprised to realize that he is missing a crucial skill: keeping people on his radar. Ben is great at holding tasks and strategies in the forefront of his mind, but he has trouble thinking of people and their priorities in the same way. To succeed at home, Ben needs to keep track of his family members’ needs in the same way he tracks key business commitments. He also needs to consider what’s on their radar screens.
In my field of executive coaching, I keep every client on my radar screen by holding them in my thinking on a daily and weekly basis. That way, I can ask the right questions and remind them of what matters in their work lives. No matter what your field is, though, keeping people on your radar is essential.
Consider Roger, who led a team of gung-ho sales people. His guys and gals loved working with him because his gut instincts were superb. He could look at most situations and immediately know how to make them work. His gut was great, almost a sixth sense.
But when Sidney, one of his team of sales managers, wanted to move quickly to hire a new salesperson, Roger was busy. He was managing a new sales campaign and wrangling with marketing and headquarters bigwigs on how to position the company’s consumer products. Those projects were the only things on his radar screen. He didn’t realize that Sidney was counting on hiring someone fast.
Roger reviewed the paperwork for the new hire. It was apparent to Roger that the prospective recruit didn’t have the right background for the role. He was too green in his experience with the senior people he’d be exposed to in the job. Roger saw that there would be political hassles down the road which would stymie someone without enough political savvy or experience with other parts of the organization. He wanted an insider or a seasoned outside hire with great political skills.
To get the issue off his radar screen quickly, Roger told Human Resources to give the potential recruit a rejection letter. In his haste, he didn’t consult with Sidney first. It seemed obvious from the resume that this was the wrong person. Roger rushed off to deal with the top tasks on his radar screen. In the process, Sidney was hurt and became angry. Roger was taken by surprise since he thought he had done the right thing, but he could have seen this coming.
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What’s Slipping Under Your Radar?
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Recent studies show that avoiding prospects increases business failures over 100%.
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Keith Schreiter (What Smart Sponsors Do: Supercharge Our Network Marketing Team (Network Marketing Leadership Series))
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Step by Step…
Can you write out your ideal business step by step
Here is a business I am setting up for a client.
She wants to shipping start her own shipping company…
One she will need a US partner to collect and transfer packages to her in Jamaica.
She will also need one in China.
I have two contacts.
One has a warehouse in Florida
The other has two in China.
Chinese connect makes goods available within 3 weeks, she has to tell her customers four.
The US connect makes it within 3-5 days. She has to tell them within a week…
Next she will need a website where her customers can login and track their packages.
This will come with individual dashboards.
She will need an interface and warehouse management software and logistics APIs.
She will also need an automated email set up (journey) to send emails to her customers without her or her agents needing to do that.
Without this Saas she would have to hire someone to reply to messages and emails about , someone to call and track, use usps and FedEx tracking numbers to track and reply back to customers.
She also needs a beta ApI to allow her warehouse guy to update the CRM with information about her customers packages…
Key nodes such as - Intransit to destinations
Held at customs
Clearance
In transit to store
Pick up available etc…
These will come in as email notifications
Fully automated.
Everything will be connected using Webhooks… entire system.
Saas she might need to use a combination of GOhighlevel, Workiz and
To run this as a System as as Service.
Each platform can work together using webhooks.
Gohighlevel as a Saas is $500 a month
Workiz is $200 dollars
She can use Odoo which is open source alternative as a CRM
And Clickup as Management.
This is how a conversational business plan looks.
You can see it.
You can research it.
You can confirm that it’s plausible.
It doesn’t sound like pipedreams.
It sounds workable to credit companies /banks and investors.
It sounds doable to a BDO Client.
I also sound as if I know what I am doing.
Not a lot of technical language.
A confused prospective business investor or banker don’t want to use a dictionary to figure out everything…
They want to see the vision as clear as day.
You basically need to do to them what I did to you when you joined my programme. It must sound plausible.
All businesses is a game of wit.
Every deal that is signed benefits both party.
Whether initially or in the long term.
Those are the sub-tenets of business.
Every board meeting or meeting with regulatory boards, banks, credit facilities, municipalities is a game of convincing people to see your thing through…
Everyone does
Algorithm is simple. People want you to solve their problems with speed and efficiency.
Speed is very important and automation.
Progress, business and production are tied to ego… that’s why people love seh oh dem start a business or dem have dem online business and nah sell one rass thing.
Cause a lot of people think being successful and looking successful are one and the same thing until they meet someone like me or people who done the work…
Don’t rush it… you are young and you have time.
There are infact certain little nuances Weh yuh only ago learn through experience. Experience and reflection.
One of the drawbacks of wanting to run your business by yourself with you and your family members is that you guys will have to be reliant on yourself for feedback which is not alw
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Crystal Evans
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Finally, any successful culture building effort focused on the ecosystem economy needs to promote long-term thinking. Rather than concentrating their energies on meeting narrow targets in the immediate future in order to impress their bosses and advance their own career prospects, employees should be focused on creating something sustainable—something that contributes value for everyone involved. This is particularly important in the context of ecosystems since, as we previously explained, building an ecosystem requires adjusting your expectations in the short term. You may have to sacrifice in the immediate future in order to lay the foundation for a successful ecosystem business later on.
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Venkat Atluri (The Ecosystem Economy: How to Lead in the New Age of Sectors Without Borders)
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those without a reliable process to develop new business are in a world of hurt.
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Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
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Let’s embrace the new without discarding the old.
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Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
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No matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.” -1989 letter
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Mark Gavagan (Gems from Warren Buffett: Wit and Wisdom from 34 Years of Letters to Shareholders)
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The idea that we should not concern ourselves unduly about the future because “expectancy is the main impediment to living” has to be qualified for other reasons too. At the societal level, too much focus on present goods, like lower taxes or gas prices, at the expense of future goods such as a cleaner environment and an adequately funded welfare state, is hardly praiseworthy, and we would do well to worry about the consequences of this shortsightedness. With respect to both individuals and communities, it is hard to make significant plans and engage in long-term projects without worrying about the ways in which they might be derailed. This is true whether one is raising a child, planting crops, running a business, carrying out research, writing a book, building an organization, or working for a cause. Yet immersing ourselves in such projects and bringing them to fruition yields some of our most valuable experiences and accomplishments. It hardly makes sense to eschew long-term enterprises on the grounds that they usually produce anxiety as well as (one hopes) satisfaction. And it is hard to really throw oneself into a project without worrying about its prospects for success. The advice not to worry unduly about the future thus has to be quite restricted if it is to be reasonable. It amounts to telling us not to spoil the present through excessive anxiety about the future, and not to worry unduly about the loss of things that do not really matter. One of the merits of simple living is that it demonstrates how little we need to possess in order to be content, and how much of what we consider necessary is in fact superfluous. Keeping these points in mind may help us become, in Epicurus’s phrase, “fearless of fortune,” at least with respect to wealth and possessions. But it is less obvious how living simply helps one to achieve greater detachment from other things one values, such as loved ones, meaningful projects, or political causes.
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Emrys Westacott (The Wisdom of Frugality: Why Less Is More - More or Less)
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Raskob decided to enter the world of New York real estate and give his pal a job as the head of the undertaking. Raskob convinced some of his wealthy friends, including Pierre S. du Pont, to join him in a syndicate, and they negotiated with Chatham Phenix for the Waldorf-Astoria site. They were the mysterious prospective buyers whose interest in the site had been floated. By all accounts, they got the property for a song—$16 or $17 million. On August 29, 1929, the same day the city announced that Second Avenue would be the site for the next subway line, former governor Al Smith lived up to a promise made months before to newspaper reporters to announce his business plans. From his suite in the Hotel Biltmore, surrounded by trappings of his former office, Smith announced the creation of a company that would build a thousand-foot-high eighty-
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John Tauranac (The Empire State Building: The Making of a Landmark)
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Here’s the thing, in any given market, roughly 3% of that market is ready to buy whatever it is you’re selling right now. (These are your most motivated prospects). Another 27% are fairly interested and will likely buy later. They’re just not ready to buy right now. 30% of the market are mostly indifferent to you, and another 30% will never under any circumstances buy from you.
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David Nadler (The Perfect Conversion Funnel: The Top 9 Funnels Online Experts are Using Today to 2x, 3x, or Even 10x Their Business)
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You will run an aggressive marketing and prospecting campaign built off of the list in Figure 10 on page 138. These activities generate leads. All of these leads go into your 8 x 8 program to establish your relationship with these individuals. Their names are then added to your Met database and they get the 33 Touch treatment each year. The 33 Touch program should then result in repeat and referral business at a rate of one referral and one repeat for every twelve people in the program (or a 12:2 ratio*).
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Gary Keller (The millionaire real estate agent)
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To be successful and grow your business and revenues, you must match the way you market your products with the way your prospects learn about and shop for your products. —BRIAN HALLIGAN, CEO AND COFOUNDER OF HUBSPOT
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Ryan Holiday (Growth Hacker Marketing: A Primer on the Future of PR, Marketing, and Advertising)
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Convertrr is an all-in-one marketing automation platform that simplifies and enhances business growth. It offers a comprehensive suite of tools for small businesses, including a website and landing page builder, social media management, email marketing, text message marketing, SEO, and paid advertising management. Convertrr aims to streamline sales and marketing efforts, allowing businesses to quickly capture leads, communicate effectively, and convert prospects into sales.
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Convertrr
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An aspiring entrepreneur who spends a year in an incubator is no more likely to start a company than those entrepreneurs who skip the incubator and go directly about the business of organizing a new company. Because the culture of incubators is designed to be encouraging, supportive, and mostly uncritical, an aspiring entrepreneur can spend weeks and months working on ideas that previously have been tried and failed or that have little prospect for market appeal.
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Carl J. Schramm (Burn the Business Plan: What Great Entrepreneurs Really Do)
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An aspiring entrepreneur who spends a year in an incubator is no more likely to start a company than those entrepreneurs who skip the incubator and go directly about the business of organizing a new company. Because the culture of incubators is designed to be encouraging, supportive, and mostly uncritical, an aspiring entrepreneur can spend weeks and months working on ideas that previously have been tried and failed or that have little prospect for market appeal. In that environment, it seems less, not more, likely that an aspirant will confront the reality of business startups and redirect his energy to potentially more productive work.
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Carl J. Schramm (Burn the Business Plan: What Great Entrepreneurs Really Do)
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Salespeople fail when they can’t execute the fundamentals.
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Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
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A wildly successful business is a business where: Customers chase you, and not the other way around. Predictability and consistency generate new leads, clients, and revenue. You speak only to highly-qualified prospects you can actually help. You have an automated lead-generation system that delivers new customers on demand with minimal human effort. You focus only on the Highly Leveraged Activities that produce revenue.
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Sabri Suby (SELL LIKE CRAZY: How to Get As Many Clients, Customers and Sales As You Can Possibly Handle)
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Three American business school professors decided to find out. In a first-of-its-kind study, they analyzed more than 26,000 earnings calls from more than 2,100 public companies over six and a half years using linguistic algorithms similar to the ones employed in the Twitter study. They examined whether the time of day influenced the emotional tenor of these critical conversations—and, as a consequence, perhaps even the price of the company’s stock. Calls held first thing in the morning turned out to be reasonably upbeat and positive. But as the day progressed, the “tone grew more negative and less resolute.” Around lunchtime, mood rebounded slightly, probably because call participants recharged their mental and emotional batteries, the professors conjectured. But in the afternoon, negativity deepened again, with mood recovering only after the market’s closing bell. Moreover, this pattern held “even after controlling for factors such as industry norms, financial distress, growth opportunities, and the news that companies were reporting.”8 In other words, even when the researchers factored in economic news (a slowdown in China that hindered a company’s exports) or firm fundamentals (a company that reported abysmal quarterly earnings), afternoon calls “were more negative, irritable, and combative” than morning calls.9 Perhaps more important, especially for investors, the time of the call and the subsequent mood it engendered influenced companies’ stock prices. Shares declined in response to negative tone—again, even after adjusting for actual good news or bad news—“leading to temporary stock mispricing for firms hosting earnings calls later in the day.” While the share prices eventually righted themselves, these results are remarkable. As the researchers note, “call participants represent the near embodiment of the idealized homo economicus.” Both the analysts and the executives know the stakes. It’s not merely the people on the call who are listening. It’s the entire market. The wrong word, a clumsy answer, or an unconvincing response can send a stock’s price spiraling downward, imperiling the company’s prospects and the executives’ paychecks. These hardheaded businesspeople have every incentive to act rationally, and I’m sure they believe they do. But economic rationality is no match for a biological clock forged during a few million years of evolution. Even “sophisticated economic agents acting in real and highly incentivized settings are influenced by diurnal rhythms in the performance of their professional duties.
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Daniel H. Pink (When: The Scientific Secrets of Perfect Timing)
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When it came to impressing a prospective client, Be prepared, listen, focus on the need, know the customer’s business, acknowledge the problems, tell a story, use the right jargon, keep it simple, and always be persistent.
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Steve Berry (The Atlas Maneuver (Cotton Malone #18))
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If we lost a big prospect, the whole organization needed to understand why, so that we could together fix the things that were broken in our products, marketing, and sales process.
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Ben Horowitz (The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers—Straight Talk on the Challenges of Entrepreneurship)
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Who is your ideal target market? Be as specific as possible about all the attributes that may be relevant. What is their gender, age, geography? Do you have a picture of them? If so, cut out or print a picture of them when you think about and answer the following questions: • What keeps them awake at night, indigestion boiling up in their esophagus, eyes open, staring at the ceiling? • What are they afraid of? • What are they angry about? • Who are they angry at? • What are their top daily frustrations? • What trends are occurring and will occur in their businesses or lives? • What do they secretly, ardently desire most? • Is there a built-in bias in the way they make decisions? For example, engineers are exceptionally analytical. • Do they have their own language or jargon they use? • What magazines do they read? • What websites do they visit? • What’s this person’s day like? • What’s the main dominant emotion this market feels? • What is the ONE thing they crave above all else? These are not theoretical, pie-in-the-sky questions. They are key to your marketing success. Unless you can get into the mind of your prospect, all your other marketing efforts will be wasted
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Allan Dib (The 1-Page Marketing Plan: Get New Customers, Make More Money, And Stand out From The Crowd)
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Helping Owners, CEOs & Entrepreneurs grow business with increasing leads & sales, growing bottom-line results using SEO & PPC. Growing your business is easy with the right strategy! When you know how to get the right prospects, convert them to happy customers, and deliver your world-class product or services at scale, you will feel the satisfaction to see your business grow. I would like to invite you to show you how you can overcome your frustrations with selecting the right strategy for your business that will grow your leads and conversions into more sales. If you are interested please get in touch and let's talk about your business and its opportunities.
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Cobus van Vuuren
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Ideal methods of sales prospecting generates business growth.
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Wayne Chirisa
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It goes without saying that charities need to use smart business strategies to meet their goals. Pyramid and populist fundraising don’t fit the bill because they assume all donors are created equal, and we know they aren’t. Instead, you should give priority treatment to the best donors and prospects. Doesn’t it make sense to use your precious time and valuable resources on finding and retaining more people who are not only passionate about your cause, but also have the capacity to make serious impact, instead of spending tons of money on low-dollar, low-capacity donors and then trying to move them up the pyramid?
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Greg Warner (Engagement Fundraising: How to raise more money for less in the 21st century)
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As you read this, about nine million Americans are thinking about starting a company. On average, they will kick the idea around for at least three years. Only about 500,000 will start new companies this year. Starting a business is an exciting prospect. Yet, as the numbers suggest, many shrink from choosing to become entrepreneurs.
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Carl J. Schramm (Burn the Business Plan: What Great Entrepreneurs Really Do)
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At the core, every business is a collection of five Interdependent processes, each of which flows into the next: 1. Value Creation—discovering what people need or want, then creating it. 2. Marketing—attracting attention and building demand for what you’ve created. 3. Sales—turning prospective customers into paying customers. 4. Value Delivery—giving your customers what you’ve promised and ensuring that they’re satisfied. 5. Finance—bringing in enough money to keep going and make your effort worthwhile.
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Josh Kaufman (The Personal MBA: A World-Class Business Education in a Single Volume)
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Your prospects know you’re not perfect, so don’t pretend to be. People become suspicious when something appears to be too good to be true. If an offer has no obvious downsides, your prospects will start asking themselves, “What’s the catch?” Instead of making them wonder, tell them yourself. By being up front with your prospects regarding drawbacks and Trade-offs, you’ll enhance your trustworthiness and close more sales.
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Josh Kaufman (The Personal MBA: A World-Class Business Education in a Single Volume)
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Traditionally, salespeople have been taught that they should not share the price of the product/service until as long as possible or mention an extremely low price to attract consumers.
The philosophy behind this approach is that you want to get as many prospects as possible and not scare away anyone up front. Then in the end, when you have them interested and eager, you then share the price and people will buy because now they are interested.
But this is a silly approach. It’s almost like in online dating some people try to hide what they really look like for as long as possible, hoping they build an emotional connection first, while in reality the other party will often judge them eventually on the basis of what they look like!
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Anubhav Srivastava (UnLearn: A Practical Guide to Business and Life (The Zeromniverse Archives Book 1))
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Try experimenting with a policy where you will not develop demos, pilots, attend multiple exploratory meetings or develop lengthy customized proposals for prospects until the price expectations are set up front and you have done a basic check on whether the prospect can afford your services.
You will be shocked to see how much time you will stop wasting on bad deals. The more time you can stop wasting on dead end deals, the more time you can devote to deals that can be highly profitable and take your business to the next level!
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Anubhav Srivastava (UnLearn: A Practical Guide to Business and Life (The Zeromniverse Archives Book 1))
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He was nearing thirty-one, watching his twin brother marry the love of his life, and what did he have? A good career. Business brokering was no cheap affair, but his nice flat back in Port Dale was empty except for him. Other than a string of relationships dangling behind him, his prospects in love were dim and fruitless.
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Romeo Alexander (Two Best Men, Only One Bed! (Heroes of Port Dale, #6))
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It is not uncommon for prospective businesses to complete 100 presentations before they find an investor.
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Tim Cooley (The Pitch Deck Book: How To Present Your Business And Secure Investors)
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Dr. Ferris smiled. “No private businessman or greedy industrialist would have financed Project X,” he said softly, in the tone of an idle, informal discussion. “He couldn’t have afforded it. It’s an enormous investment, with no prospect of material gain. What profit could he expect from it? There are no profits henceforth to be derived from that farm.” He pointed at the dark strip in the distance. “But, as you have so well observed, Project X had to be a non-profit venture. Contrary to a business firm, the State Science Institute had no trouble in obtaining funds for the Project. You have not heard of the Institute having any financial difficulties in the past two years, have you? And it used to be such a problem—getting them to vote the funds necessary for the advancement of science. They always demanded gadgets for their cash, as you used to say. Well, here was a gadget which some people in power could fully appreciate. They got the others to vote for it. It wasn’t difficult. In fact, a great many of those others felt safe in voting money for a project that was secret— they felt certain it was important, since they were not considered important enough to be let in on it. There were, of course, a few skeptics and doubters. But they gave in when they were reminded that the head of the State Science Institute was Dr. Robert Stadler—whose judgment and integrity they could not doubt.
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Ayn Rand (Atlas Shrugged)
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It is agreed by both game theorists and evolutionary biologists that the prospects for cooperation are far greater when there is a high expectation of repetition than in single-shot transactions. Clay Shirky has even described social capital as ‘the shadow of the future at a societal scale’. We acquire it as a means of signalling our commitment to long-term, mutually beneficial behaviours, yet some businesses barely consider this at all – procurement, by setting shorter and shorter contract periods, may be unwittingly working to reduce cooperation.
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Rory Sutherland (Alchemy: The Surprising Power of Ideas That Don't Make Sense)
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Whiteboarding keeps your prospects’ attention because drawing engages them and forces you to offer data in chunks in a process of “progressive disclosure,” which is easier for people to absorb. Your audience becomes involved in your creation of your story. The basic sales steps – “listen, diagnose, ask questions, consult, adapt” – stay the same, but whiteboarding takes them to a new level. Whiteboard sellers have to know their buyers’ business and the trends in their markets.
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Anonymous
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checklists to make sure we haven’t left out any critical step. These lists contain questions we ask when considering an investment or advising a new-growth innovation team. You can use them for the same purposes—or as a starting point for developing your own checklist. 1. Is innovation development being spearheaded by a small, focused team of people who have relevant experience or are prepared to learn as they go? 2. Has the team spent enough time directly with prospective customers to develop a deep understanding of them? 3. In considering novel ways to serve those customers, did the team review developments in other industries and countries? 4. Can the team clearly define the first customer and a path to reaching others? 5. Is the team’s idea consistent with a strategic opportunity area in which the company has a compelling advantage? 6. Is the idea’s proposed business model described in detail? 7. Does the team have a believable hypothesis about how the offering will make money? 8. Have the team members identified all the things that have to be true for this hypothesis to work? 9. Does the team have a plan for testing all those uncertainties, which tackles the most critical ones first? Does each test have a clear objective, a hypothesis, specific predictions, and a tactical execution plan? 10. Are fixed costs low enough to facilitate course corrections? 11. Has the team demonstrated a bias toward action by rapidly prototyping the idea?
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Anonymous
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BOTH IN PERSONAL conversations and in the statistics, I sense a change among America’s young, who increasingly display both a pervasive cynicism about politics (particularly after Obama turned out to be business as usual) and also, unless they are in the upper 5 percent or so, a fatalism about their personal career prospects. Their general view is: if you have rich parents, a computer science background, or an MBA, you’re okay; otherwise, you’re not okay, and if you want to change that and make some money, you had better concentrate really hard on pleasing the boss. Outside of Silicon Valley and Wall Street, the America of possibility, openness, progress, and opportunity seems increasingly distant. Most older Americans, in contrast, still do not seem to realize how unfair their society has become over the last generation unless they have become victims of it themselves.
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Charles H. Ferguson (Inside Job: The Rogues Who Pulled Off the Heist of the Century)