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Business Efficiency has so many benefits. It leads to greater profits, greater internal leverage, less friction….. but it also leads to less waste, less pollution, and a richer harmony with nature.
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Hendrith Vanlon Smith Jr.
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Social media allows us to behave in ways that we are hardwired for in the first place - as humans. We can get frank recommendations from other humans instead of from faceless companies.
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Francois Gossieaux (The Hyper-Social Organization: Eclipse Your Competition by Leveraging Social Media)
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As a small businessperson, you have no greater leverage than the truth.
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John Greenleaf Whittier
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When corporate executives get really excited, they leverage their learnings against comprehension to revolutionize English.
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Tanya Thompson (Red Russia)
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The profit motive is the most potent source of collective motivation and the most efficient means for society to solve its problems. Anywhere you insert a profit motive - people will self assemble groups, leverage resources, and implement processes all in the effort to satisfy that profit motive.
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Hendrith Vanlon Smith Jr.
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Most people don't need to be babied through business processes. Most often, what they need is a clear understanding of the objective and access to available resources. From there, they'll leverage their own creative capacity and skillets to ensure that the objective is accomplished.
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Hendrith Vanlon Smith Jr. (Business Essentials)
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Most people don't need to be babied through business processes. Most often, what they need is a clear understanding of the objective and access to available resources. From there, they'll leverage their own creative capacity and skillsets to ensure that the objective is accomplished.
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Hendrith Vanlon Smith Jr.
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Crises often come with hidden opportunities. When we approach crises with this awareness, we can look for the opportunities and then leverage them.
At Mayflower-Plymouth, we're here to help your business figure this out, and to provide holistic solutions.
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Hendrith Vanlon Smith Jr.
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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
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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))
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Being a rainmaker will have a direct impact on your bottom line and give you a lot more leverage to help the people you care about most.
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Areva Martin (Make It Rain!: How to Use the Media to Revolutionize Your Business & Brand)
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Small wins are exactly what they sound like, and are part of how keystone habits create widespread changes. A huge body of research has shown that small wins have enormous power, an influence disproportionate to the accomplishments of the victories themselves. “Small wins are a steady application of a small advantage,” one Cornell professor wrote in 1984. “Once a small win has been accomplished, forces are set in motion that favor another small win.”4.14 Small wins fuel transformative changes by leveraging tiny advantages into patterns that convince people that bigger achievements are within reach.
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Charles Duhigg (The Power Of Habit: Why We Do What We Do In Life And Business)
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...while extraordinary products and unique services still afford a competitive advantage, the one advantage that stands the test of time...is people.
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Mark Salsbury (Human Capital Management: Leveraging Your Workforce for a Competitive Advantage)
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If a company gambles on leverage, it'll probably go bankrupt on leverage.
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Hendrith Vanlon Smith Jr.
“
Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees.
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Janet M. Tavakoli (Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization)
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Update a traditional element of your business with social media designs. Facebook, Twitter, and other social media are hot right now, and leveraging their popularity can make your business stand out, be memorable, and seem fresh and up-to-date.
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Anita Campbell (Visual Marketing: 99 Proven Ways for Small Businesses to Market with Images and Design)
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Leverage amplifies risk. So ideally, that risk should be paired with nearly guaranteed future profits.
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Hendrith Vanlon Smith Jr.
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Leveraging existing resources is innovation’s sweetest play.
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Richie Norton
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In todays 24/7 media cycles rainmakers are experts were not only visible in the media but who also leverage that media to build revenue, followers and influence
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Areva Martin (Make It Rain!: How to Use the Media to Revolutionize Your Business & Brand)
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Lousy players, poor leverage. Said another way, business success is highly dependent on who you hire and who you don’t fire.
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Keith J. Cunningham (The Road Less Stupid: Advice from the Chairman of the Board)
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Someone else's opinion of you is none of your business!
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Rachel Hollis (Girl, Wash Your Face / Life Leverage / How To Be F*cking Awesome / Mindset With Muscle)
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If your business is getting into debt, you gotta ask yourself what is the cost of servicing that debt. Do a simple cost benefit analysis. If the cost of servicing the debt is bigger than the potential profits that the debt will help the business to yield, then that means the business should not take on that debt.
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Hendrith Vanlon Smith Jr.
“
When your company is buying from my company and my company is buying from your company, there's flow. And if a bunch of our companies are doing that, then that flow can be leveraged toward liquidity.
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Hendrith Vanlon Smith Jr.
“
The focus should be on becoming a strong and
influential personality – cultivate compelling communication skills, focus on building trust and learn how to expand and leverage your professional network.
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Abhishek Ratna (No Parking. No Halt. Success Non Stop!)
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The genius of niches is they are too small for large competitors, allowing a nimble entrepreneur the breathing room to focus on an underserved audience. Once you’ve succeeded in that niche, you can leverage your success to establish credibility for your business to move into larger markets.
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Rob Walling (Start Small, Stay Small: A Developer's Guide to Launching a Startup)
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Companies should not gamble with leverage. Companies shouldn't gamble on borrowed money. If a company is going to borrow and leverage other peoples money, it should be going toward something profitable, stable and safe. Executives can't predict the future with any certainty, but they can do their research and due diligence. And they can be methodical and strategic as opposed to reckless.
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Hendrith Vanlon Smith Jr.
“
There is one thing that is common to every individual, relationship, team, family, organization, nation, economy, and civilization throughout the world—one thing which, if removed, will destroy the most powerful government, the most successful business, the most thriving economy, the most influential leadership, the greatest friendship, the strongest character, the deepest love. On the other hand, if developed and leveraged, that one thing has the potential to create unparalleled success and prosperity in every dimension of life. Yet, it is the least understood, most neglected, and most underestimated possibility of our time. That one thing is trust.
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Stephen M.R. Covey (The SPEED of Trust: The One Thing that Changes Everything)
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If you use too much leverage and overplay your hand to maximize your profit from a particular deal, you may win the battle but lose the war.
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Patrick Bet-David (Your Next Five Moves: Master the Art of Business Strategy)
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The person who really has the leverage is the person who needs the deal the least.
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Patrick Bet-David (Your Next Five Moves: Master the Art of Business Strategy)
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Law of the Universe: Nothing happens until something moves. Law of Business: Nothing happens until someone sells something. —Jeb Blount
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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))
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By far the biggest leverage point in any business is marketing. If you get 10% better at marketing, this can have an exponential or multiplying effect on your bottom line.
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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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Cities should be leveraging technologies in service to residents as businesses do in service to customers.
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Hendrith Vanlon Smith Jr.
“
He loved the idea behind the Chinese concept of guanxi. It fit in the same general category as the concepts of friends, family, acquaintances, but it was more based in business and politics. Guanxi was about being able to call up a person one hadn’t seen in years and ask for a favor. To have enough people in one’s debt that there was more implied leverage to use when seeking favors from others.
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Wildbow (Worm (Parahumans, #1))
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Wanna run a killer business? Design it from the start so that it's leverageable, expandable, predictable & financeable - & you're unstoppable.
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Ziad K. Abdelnour (Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics)
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We should leverage uncertainty for the powerful, creativity-inducing variable that it is.
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Kevin G. Bethune (Reimagining Design: Unlocking Strategic Innovation (Simplicity: Design, Technology, Business, Life))
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You don't need to leverage natural disasters. You don't need to capitalize on civil unrest. You need to be human. It's not always about business.
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Scott Stratten (UnSelling: The New Customer Experience)
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Managers know what they want most: to be allowed to achieve success by leveraging who they are, not by compromising it.
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Stan Slap
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Where we've been defines where we'll go. You can't allow your past to define you, but you can leverage it to create a better future!
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Colleen Ferrary Bader
“
Training is, quite simply, one of the highest-leverage activities a manager can perform.
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Ben Horowitz (The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers)
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Hidden skills and knowledge are the essence of a successful small business. Unleash and leverage what is locked inside your head to help others while helping yourself.
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Sarah Gerdes (The Overlooked Expert)
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Capital leveraging is something that takes place in natural ecosystems. For example, the trees leverage capital in service to the birds.
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Hendrith Vanlon Smith Jr.
“
In business, it's very important to protect your businesses income! Because a business with no income is not really a business at all. As long as the business has income - even if margins are slim, you can find a way to cut expenses, improve cash flow and improve it's profitability. Tight cash flow can be better leveraged than no cash flow. But if you make choices that jeopardize or forefeit the income, because you're frustrated with slim margins, then you forfeit that opportunity. Work with those slim margins while you work on widening them.
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Hendrith Vanlon Smith Jr.
“
Hidden skills and knowledge are the essence of a successful small business or consulting firm. Unlease and leverage what is locked inside your head to help others while help yourself.
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Sarah Gerdes (The Overlooked Expert)
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You might also be wondering how the Obama administration thought they would get away with this disaster. I think their intention was simply to blame insurance companies when people started seeing their health insurance plans canceled. Liberals excel at vilifying the business sector, and the more they can demonize private-sector insurers, the more leverage they believe they will have for continuing to move toward the Holy Grail of the left that Ronald Reagan warned against in 1961—a single-payer, government-funded, socialized health-care system.
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Ted Cruz (A Time for Truth: Reigniting the Promise of America)
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Tom looked at St. Vincent. “I assume the editor at the Chronicle refused to divulge the writer’s identity?”
St. Vincent looked rueful. “Categorically. I’ll have to find a way to pry it out of him without bringing the entire British press to his defense.”
“Yes,” Tom mused, tapping his lower lip with a fingertip, “they tend to be so touchy about protecting their sources.”
“Trenear,” Lord Ripon said through gritted teeth, “will you kindly throw him out?”
“I’ll see myself out,” Tom said casually. He turned as if to leave, and paused as if something had just occurred to him. “Although … as your friend, Trenear, I find it disappointing that you haven’t asked about my day. It makes me feel as if you don’t care.”
Before Devon could respond, Pandora jumped in. “I will,” she volunteered eagerly. “How was your day, Mr. Severin?”
Tom sent her a brief grin. “Busy. After six tedious hours of business negotiations, I paid a call to the chief editor of the London Chronicle.”
St. Vincent lifted his brows. “After I’d already met with him?”
Trying to look repentant, Tom replied, “I know you said not to. But I had a bit of leverage you didn’t.”
“Oh?”
“I told him the paper’s owner would dismiss him and toss him out on the pavement if he didn’t name the anonymous writer.”
St. Vincent stared at him quizzically. “You bluffed?”
“No, that is what the business negotiations were about. I’m the new owner. And while the chief editor happens to be a staunch advocate for freedom of the press, he’s also a staunch supporter of not losing his job.”
“You just bought the London Chronicle,” Devon said slowly, to make certain he hadn’t misheard. “Today.”
“No one could do that in less than a day,” Ripon sneered.
Winterborne smiled slightly. “He could,” he said, with a nod toward Tom.
“I did,” Tom confirmed, picking idly at a bit of lint on his cuff. “All it took was a preliminary purchase agreement and some earnest money.
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Lisa Kleypas (Chasing Cassandra (The Ravenels, #6))
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The marches in Albany concentrated on city hall where they had little leverage and no votes. “All of our marches in Albany,” said Martin, “were to the city hall trying to make them negotiate, where if we had centered our protests at the businesses in the city, [we could have] made the merchants negotiate. And if you can pull them around, you pull the political power structure because the political power structure listens to the economic power structure.
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Donald T. Phillips (Martin Luther King, Jr., on Leadership: Inspiration and Wisdom for Challenging Times)
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There are so many great reasons to devote all of your time and effort to taking and marketing listings. The Millionaire Real Estate Agent grasps the incredible advantages of making, obtaining, and marketing seller listings their primary lead-generation focus, and they do so almost exclusively. Over time, they will hire one or more buyer specialists to work the buyer side of the business and concentrate their energy on the high-return, high-leverage business of listings.
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Gary Keller (The millionaire real estate agent)
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Defeating fear of otherness means knowing who you are and what you’re trying to accomplish and leveraging that otherness to our benefit. Knowing I’d never be invited into smoke-filled rooms or to the golf course, I instead requested individual meetings with political colleagues where I asked questions and learned about their interests, creating a similar sense of camaraderie. In business, I take full advantage of opportunities afforded to minorities but then always offer to share my learning with other groups that have similar needs—expanding the circle rather than closing myself off. Like most who are underestimated, I have learned to over-perform and find soft but key ways to take credit. Because, ultimately, leadership and power require the confidence to effectively wield both.
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Stacey Abrams (Lead from the Outside: How to Build Your Future and Make Real Change)
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Engaged in a new form of serfdom---only bound now to banks and mortgage lenders instead of to lords---her more highly leveraged neighbors pore over the business section of the newspaper each day looking for some sign that the government will soon step in to “freeze” their mortgage rates where they are before a scheduled adjustment hits.
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Douglas Rushkoff (Life Inc.: How the World Became a Corporation and How to Take it Back)
“
Small wins are a steady application of a small advantage,” one Cornell professor wrote in 1984. “Once a small win has been accomplished, forces are set in motion that favor another small win.”4.14 Small wins fuel transformative changes by leveraging tiny advantages into patterns that convince people that bigger achievements are within reach.4.15
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Charles Duhigg (The Power Of Habit: Why We Do What We Do In Life And Business)
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Most people in bad times cut corners in the most treacherous way imaginable—by downsizing human or intellectual capital, the real asset of most businesses today. That is a mistake. You can find no greater upside-leveraging tools than the energy, passion, intelligence, connections, and entrepreneurial spirit of the human beings you surround yourself with.
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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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Operationally, a business can be improved in only three ways: (1) increase the level of sales; (2) reduce costs as a percent of sales; (3) reduce assets as a percentage of sales. The other factors, (4) increase leverage or (5) lower the tax rate, are the financial drivers of business value. These are the only ways a business can make itself more valuable. Buffett
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Jeremy C. Miller (Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor)
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Yet as one senior administration official noted to me, 'People who blithely say that we'd win a trade war because China obviously couldn't sustain the damage caused by cutting off their goods are just naive and silly.' Any significant trade restrictions the United States imposed on China would swiftly lead to an equally harmful retaliation on the United States. That is why the most effective lobbyists against tariffs on Chinese goods are American companies that buy from China, do business in China, or have ventures with Chinese firms. So as Obama's outburst [of 'I need leverage!' to staff on a visit to Asia in 2011] underscored, the form of leverage threatened most often by Washington politicians looking for an easy applause line actually offers little leverage at all.
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David E. Sanger (Confront and Conceal: Obama's Secret Wars and Surprising Use of American Power)
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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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Books. Sure. But mostly I build interest. Attention. Allure. A book is just packaging, just a container. This is what I’ve realized. The mistake people in the book business make is they think their job is to build good containers. Saying you’re in the book business is like a winemaker saying he’s in the bottle business. What we’re actually building is interest. A book is simply one shape that interest can take when we scale and leverage it.
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Nathan Hill (The Nix)
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our home is not our refuge; God is our refuge. We nurture life in the face of death and leverage our homes for gospel work. For those whose hope is in the coming kingdom, our homes are less like retreats and more like a network of foxholes for planning and hosting kingdom advances into this present darkness. Our homes are centers of hospitality to show strangers and neighbors the light of Christ. And they are equipping centers for traveling ambassadors to help them on their way to doing the King’s business.
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Gloria Furman (Missional Motherhood: The Everyday Ministry of Motherhood in the Grand Plan of God (The Gospel Coalition))
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How has my industry raised prices at this rate without improving the product? At a few elite institutions, including NYU, we’ve leveraged scarcity. More than a business strategy, it’s become a fetish—believing you are a luxury brand instead of a public servant. Ivy Leagues have acceptance rates of 4–10%. A university president bragging about rejecting 90% of applicants is tantamount to a homeless shelter taking pride in turning away 90% of the needy that arrive each night. And this is not about standards or brand dilution. In an essay explaining his decision to stop conducting application interviews for his alma mater, Princeton, journalist Bryan Walsh observed, “The secret of elite college admissions is that far more students deserve to attend these colleges than are admitted, and there is virtually no discernible difference between those who make it and the many more who just miss out.” In support, he offered this statement from Princeton’s own dean of admissions: “We could have admitted five or six classes to Princeton from the [applicant] pool.”4 So, with a $26 billion endowment, the question becomes, Why wouldn’t you?
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Scott Galloway (Post Corona: From Crisis to Opportunity)
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Why is networking not working? My answer is simple. Many business owners don’t have a system in place to leverage their networking. Their time, effort and money spirals down the drain because they lack follow up. Instead of returning to your office, checking the email, and losing that business card in a graveyard box of business cards, continue connecting with your new acquaintance. One basic tip: Connect on social media within two days of meeting them. Personalize your message to them reminding them where you met. When you add this step, watch as your network expands exponentially.
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Lisa A. Mininni
“
Training is, quite simply, one of the highest-leverage activities a manager can perform. Consider for a moment the possibility of your putting on a series of four lectures for members of your department. Let’s count on three hours preparation for each hour of course time—twelve hours of work in total. Say that you have ten students in your class. Next year they will work a total of about twenty thousand hours for your organization. If your training efforts result in a 1 percent improvement in your subordinates’ performance, your company will gain the equivalent of two hundred hours of work as the result of the expenditure of your twelve hours.
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Ben Horowitz (The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers)
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Everything that is wrong with the inner cities of America that policy can affect, Democrats are responsible for: every killing field; every school that year in and year out fails to teach its children the basic skills they need to get ahead; every school that fails to graduate 30 to 40 percent of its charges while those who do get degrees are often functionally illiterate; every welfare system that promotes dependency, condemning its recipients to lifetimes of destitution; every gun-control law that disarms law-abiding citizens in high-crime areas and leaves them defenseless against predators; every catch-and-release policy that puts violent criminals back on the streets; every regulation that ties the hands of police; every material and moral support provided to antipolice agitators like Black Lives Matter, who incite violence against the only protection inner-city families have; every onerous regulation and corporate tax that drives businesses and jobs out of inner-city neighborhoods; every rhetorical assault that tars Democrats’ opponents as “racists” and “race traitors,” perpetuating a one-party system that denies inner-city inhabitants the leverage and influence of a two-party system. Democrats are responsible for every one of the shackles on inner-city communities, and they have been for 50 to 100 years. What
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David Horowitz (Big Agenda: President Trump's Plan to Save America)
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Because every extraordinary business knows that when you intentionally build your business around the skills of ordinary people, you will be forced to ask the difficult questions about how to produce a result without the extraordinary ones. You will be forced to find a system that leverages your ordinary people to the point where they can produce extraordinary results over and over again. You will be forced to invent innovative system solutions to the people problems that have plagued small businesses (and big businesses as well!) since the beginning of time. You will be forced to build a business that works. You will be forced to do the work of Business Development not as a replacement for people development but as its necessary correlate.
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Michael E. Gerber (The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It)
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Stupid Screenwriter Tricks - However clever we think we are, sometimes we go too far in our enthusiasm. We are creative people and think everyone will get it - well, they don't. Stunts don't work. Lame attempts to get attention don't work. Here are some other don'ts: Don't package yourself in a big crate and mail yourself to William Morris. Don't take out a full-page advertisement in Variety with your picture and phone number with the slogan: Will Write for Food. Don't have your picture taken with a cut-out photo of your favorite movie star and send to him autographed with the phrase: We should be in business together! And whatever you do, don't threaten to leap off the Hollywood sign as leverage to get someone to read your screenplay. It's been done, babe, it's been done.
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Blake Snyder (Save the Cat: The Last Book on Screenwriting You'll Ever Need)
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The same thing, notes Brynjolfsson, happened 120 years ago, in the Second Industrial Revolution, when electrification—the supernova of its day—was introduced. Old factories did not just have to be electrified to achieve the productivity boosts; they had to be redesigned, along with all business processes. It took thirty years for one generation of managers and workers to retire and for a new generation to emerge to get the full productivity benefits of that new power source. A December 2015 study by the McKinsey Global Institute on American industry found a “considerable gap between the most digitized sectors and the rest of the economy over time and [found] that despite a massive rush of adoption, most sectors have barely closed that gap over the past decade … Because the less digitized sectors are some of the largest in terms of GDP contribution and employment, we [found] that the US economy as a whole is only reaching 18 percent of its digital potential … The United States will need to adapt its institutions and training pathways to help workers acquire relevant skills and navigate this period of transition and churn.” The supernova is a new power source, and it will take some time for society to reconfigure itself to absorb its full potential. As that happens, I believe that Brynjolfsson will be proved right and we will start to see the benefits—a broad range of new discoveries around health, learning, urban planning, transportation, innovation, and commerce—that will drive growth. That debate is for economists, though, and beyond the scope of this book, but I will be eager to see how it plays out. What is absolutely clear right now is that while the supernova may not have made our economies measurably more productive yet, it is clearly making all forms of technology, and therefore individuals, companies, ideas, machines, and groups, more powerful—more able to shape the world around them in unprecedented ways with less effort than ever before. If you want to be a maker, a starter-upper, an inventor, or an innovator, this is your time. By leveraging the supernova you can do so much more now with so little. As Tom Goodwin, senior vice president of strategy and innovation at Havas Media, observed in a March 3, 2015, essay on TechCrunch.com: “Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate. Something interesting is happening.
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Thomas L. Friedman (Thank You for Being Late: An Optimist's Guide to Thriving in the Age of Accelerations)
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A classic LBO works this way: An investor decides to buy a company by putting up equity, similar to the down payment on a house, and borrowing the rest, the leverage. Once acquired, the company, if public, is delisted, and its shares are taken private, the “private” in the term “private equity.” The company pays the interest on its debt from its own cash flow while the investor improves various areas of a business’s operations in an attempt to grow the company. The investor collects a management fee and eventually a share of the profits earned whenever the investment in monetized. The operational improvements that are implemented can range from greater efficiencies in manufacturing, energy utilization, and procurement; to new product lines and expansion into new markets; to upgraded technology; and even leadership development of the company’s management team.
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Stephen A. Schwarzman (What It Takes: Lessons in the Pursuit of Excellence)
“
The need for managers with data-analytic skills The consulting firm McKinsey and Company estimates that “there will be a shortage of talent necessary for organizations to take advantage of big data. By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.” (Manyika, 2011). Why 10 times as many managers and analysts than those with deep analytical skills? Surely data scientists aren’t so difficult to manage that they need 10 managers! The reason is that a business can get leverage from a data science team for making better decisions in multiple areas of the business. However, as McKinsey is pointing out, the managers in those areas need to understand the fundamentals of data science to effectively get that leverage.
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Foster Provost (Data Science for Business: What You Need to Know about Data Mining and Data-Analytic Thinking)
“
What is a “pyramid?” I grew up in real estate my entire life. My father built one of the largest real estate brokerage companies on the East Coast in the 1970s, before selling it to Merrill Lynch. When my brother and I graduated from college, we both joined him in building a new real estate company. I went into sales and into opening a few offices, while my older brother went into management of the company. In sales, I was able to create a six-figure income. I worked 60+ hours a week in such pursuit. My brother worked hard too, but not in the same fashion. He focused on opening offices and recruiting others to become agents to sell houses for him. My brother never listed and sold a single house in his career, yet he out-earned me 10-to-1. He made millions because he earned a cut of every commission from all the houses his 1,000+ agents sold. He worked smarter, while I worked harder. I guess he was at the top of the “pyramid.” Is this legal? Should he be allowed to earn more than any of the agents who worked so hard selling homes? I imagine everyone will agree that being a real estate broker is totally legal. Those who are smart, willing to take the financial risk of overhead, and up for the challenge of recruiting good agents, are the ones who get to live a life benefitting from leveraged Income. So how is Network Marketing any different? I submit to you that I found it to be a step better. One day, a friend shared with me how he was earning the same income I was, but that he was doing so from home without the overhead, employees, insurance, stress, and being subject to market conditions. He was doing so in a network marketing business. At first I refuted him by denouncements that he was in a pyramid scheme. He asked me to explain why. I shared that he was earning money off the backs of others he recruited into his downline, not from his own efforts. He replied, “Do you mean like your family earns money off the backs of the real estate agents in your company?” I froze, and anyone who knows me knows how quick-witted I normally am. Then he said, “Who is working smarter, you or your dad and brother?” Now I was mad. Not at him, but at myself. That was my light bulb moment. I had been closed-minded and it was costing me. That was the birth of my enlightenment, and I began to enter and study this network marketing profession. Let me explain why I found it to be a step better. My research led me to learn why this business model made so much sense for a company that wanted a cost-effective way to bring a product to market. Instead of spending millions in traditional media ad buys, which has a declining effectiveness, companies are opting to employ the network marketing model. In doing so, the company only incurs marketing cost if and when a sale is made. They get an army of word-of-mouth salespeople using the most effective way of influencing buying decisions, who only get paid for performance. No salaries, only commissions. But what is also employed is a high sense of motivation, wherein these salespeople can be building a business of their own and not just be salespeople. If they choose to recruit others and teach them how to sell the product or service, they can earn override income just like the broker in a real estate company does. So now they see life through a different lens, as a business owner waking up each day excited about the future they are building for themselves. They are not salespeople; they are business owners.
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Brian Carruthers (Building an Empire:The Most Complete Blueprint to Building a Massive Network Marketing Business)
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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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This man is someone for whom the world isn’t a mystery. The world is a boulder, but it has levers and he knows when and where and how to apply just the right amount of force, and it moves for him, while my father and I, pushing up against it, don’t have any angle, any torque, no grip or traction or leverage. My father thinks success must be in direct proportion to effort exerted. He doesn’t know where or how to exert the least amount for the most gain, doesn’t know where the secret buttons are, the hidden doors, the golden keys. He thinks that, even if you have a great idea, there have to be trials and tribulations, errors and failures, a dark night of the soul, a slog, a time in the desert, a fallow period, a period of quiet, a period of silent and earnest and frustrated toiling before emerging, victorious, into the sunshine and acclaim. My father makes to-do lists, makes plans, makes business plans. This is how he starts, always with a blank sheet of graph paper. We make bullet points. We identify the key areas we need to research further. We try to figure out how to research those areas. We work in a vacuum. We work in his study. We ponder. We stare at our feet. We stare at the ceiling. We talk to each other, create a world, create a tiny, artificial, formal space, on a blank sheet of paper, where we can imagine rules and principles and categories and ideas, all of which have absolutely nothing to do with the actual world out there.
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Charles Yu (How to Live Safely in a Science Fictional Universe)
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The first thing to understand is that just because somebody interviewed well and reference-checked great, that does not mean she will perform superbly in your company. There are two kinds of cultures in this world: cultures where what you do matters and cultures where all that matters is who you are. You can be the former or you can suck. You must hold your people to a high standard, but what is that standard? I discussed this in the section “Old People.” In addition, keep the following in mind: You did not know everything when you hired her. While it feels awkward, it is perfectly reasonable to change and raise your standards as you learn more about what’s needed and what’s competitive in your industry. You must get leverage. Early on, it’s natural to spend a great deal of time integrating and orienting an executive. However, if you find yourself as busy as you were with that function before you hired or promoted the executive, then she is below standard. As CEO, you can do very little employee development. One of the most depressing lessons of my career when I became CEO was that I could not develop the people who reported to me. The demands of the job made it such that the people who reported to me had to be 99 percent ready to perform. Unlike when I ran a function or was a general manager, there was no time to develop raw talent. That can and must be done elsewhere in the company, but not at the executive level. If someone needs lots of training, she is below standard.
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Ben Horowitz (The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers)
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Life is based on leverage. The more you know how to leverage life, the more successful you will become.
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Ehab Atalla (The Secrets of Business (Change Your Life in One Day, #1))
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You can get into any business by leveraging joint ventures.
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Ehab Atalla (The Secrets of Business (Change Your Life in One Day, #1))
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The most important thing to leverage is people. Their talents and connections will take you to great heights.
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Ehab Atalla (The Secrets of Business (Change Your Life in One Day, #1))
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To leverage means to create a win-win situation.
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Ehab Atalla (The Secrets of Business (Change Your Life in One Day, #1))
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The Lessons of the Past Ancient strategists provide us with modes of thinking and practical guidance that we can use in the present. First, any area, no matter how dominated by thoughtless effort, can be transformed by the application of tactics. Try to use special forces at special times and in special ways. Second, understand that plans must change. Learn to recognize the fluid nature of reality and be aware that any strategy must constantly adapt to that reality. The most brilliant plans are those that spring into being in the action-response dynamic of the moment. Third, preparation is the heart of strategic capability. Whether you’re running a household or a billion-dollar business, training, discipline, hard work, and sound planning are the foundations of strategic reserves, which are necessary for many kinds of maneuvers. If you have no reserves, you have no strategy. Fourth, know your opponents. You can gain astonishing leverage if you know the preparations and capabilities of your opponents. A combination of surprise and superb tactical execution can allow you to defeat an opponent with twice your strength. Fifth, be bold; seize your fortune. The greatest challenge in strategic thinking is getting started.
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Anonymous
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Companies such as Unilever or Prudential are coming to us and saying, ‘We’re very interested in building better data relationships. Can we leverage your platform? We’re very interested in reducing our data liability.’ They’re seeing that data is increasingly a toxic asset inside of corporations.
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Don Tapscott (Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World)
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Craig Newmark simply started e-mailing his friends about local events in 1995; almost twenty-two years later, network effects have kept Craigslist a dominant player in online classifieds despite operating with a skeleton crew and making seemingly no changes to the website design during that entire period! This is where an emphasis on speed also plays an important role. Because Silicon Valley’s entrepreneurs focus on designing business models that can get big fast, they are more likely to incorporate network effects. And because the fierce local competition forces start-ups to grow so aggressively (i.e., blitzscale), Silicon Valley start-ups are more likely to reach the tipping point of network effects before start-ups from less aggressive geographies. One of the motivations for this book is to help entrepreneurs from around the world emulate these successes by teaching them how to systematically design their businesses for blitzscaling. When you design your business model to leverage network effects, you can succeed anywhere.
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Reid Hoffman (Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies)
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infrastructure companies. Amazon is so good at infrastructure that its fastest-growing and most profitable business (AWS) is all about allowing other companies to leverage Amazon’s computing infrastructure. Amazon also makes money by offering Fulfillment by Amazon to other merchants who envy its mastery of logistics, which ought to strike fear into the hearts of frenemies like UPS and FedEx. In addition to its eighty-six gigantic fulfillment centers, Amazon also has at least fifty-eight Prime Now hubs in major markets, allowing it to beat UPS and FedEx on performance by offering same-day delivery of purchases in less than two hours. Amazon has also built out “sortation” centers that let it beat UPS and FedEx on price by shipping small packages via the United States Postal Service for about $ 1 rather than paying FedEx or UPS around $ 4.50.
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Reid Hoffman (Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies)
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Running a highly collaborative IT organization means how to leverage information and technology for providing tailored business solutions that will improve performance, responsiveness, and maturity.
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Pearl Zhu (The Change Agent CIO)
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As Keynes observed, there cannot be "liquidity" for the community as a whole. The mistake is in thinking that markets have a duty to stay liquid or that buyers will always be present to accommodate sellers. The real culprit in 1994 was leverage. If you aren't in debt, you can't go broke and can't be made to sell, in which case "liquidity" is irrelevant. But a leveraged firm may be forced to sell, lest fast-accumulating losses put it out of business. Leverage always gives rise to this same brutal dynamic, and its dangers cannot be stressed too often.
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Roger Lowenstein (When Genius Failed: The Rise and Fall of Long-Term Capital Management)
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The whole ethos of BJJ was based on minimum effort equals maximum result, using leverage to create a favorable position or as described in most business situations this is described as: Efficiency.
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Oliver Staark (Zen Jiu Jitsu - Kindle Publishing Package: 30 Day Protocol + White to Blue + BJJ Over 40)
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Binder suggests that many mergers fail because analysts and executives do not consider values and culture but rather think only about compatibility of business models and balance sheets.
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Dave Logan (Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization)
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BD is about taking the assets or capabilities of two or more companies and combining them to create a third, even more valuable asset.
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Bernie Brenner (The Sumo Advantage: Leveraging Business Development to Team with Heavyweights and Grow in Any Economy)
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5. Search for Leverage Points and Potential Unintended Consequences of Interventions—When a model produces dynamic behavior like the real system, start to examine the model for insights. Are there key leverage points in your model?
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Rich Jolly (Systems Thinking for Business: Capitalize on Structures Hidden in Plain Sight)
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Using system models to identify high leverage points is the primary method of finding unanticipated solutions!
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Rich Jolly (Systems Thinking for Business: Capitalize on Structures Hidden in Plain Sight)
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Organizations must leverage the latest information and technologies to design, build, scale, and optimize competency and improve business maturity continuously and systematically.
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Pearl Zhu (Digital Maturity: Take a Journey of a Thousand Miles from Functioning to Delight)
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The buy-out business depended on leverage, on the availability of bank debt, so with the collapse of banks and withdrawal of credit around the world, did this spell the end of the buy-out business model?
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Bill Ferris (Inside Private Equity: Thrills, spills and lessons by the author of Nothing Ventured, Nothing Gained)
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The use of leverage can promote efficiency by enabling risk to be held and managed more efficiently. But the use of leverage provides opportunities for tailgaters and gamblers with other people’s money, and creates many opportunities to fall victim to the winner’s curse.
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John Kay (Other People's Money: The Real Business of Finance)
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They wanted the benefits of direct response copy in their business: they wanted to leverage their time, energy and money, while marketing one-to-many and automating their sales and marketing to free up their time and allow them to reach more people than they could without it… But they hated how it made them feel. Inauthentic. Hype-y. Sales-y. Slime-y. Like a used car salesman.
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Michele Pariza Wacek (Love-Based Copywriting System: A Step-by-Step Process to Master Writing Copy That Attracts, Inspires and Invites (Love-Based Business Book 2))
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better idea would be to keep the same number of staff you have now and invest in high upside-leverage “performance enhancement” training, which would result in those same employees becoming as much as 50 to 100 percent more effective.
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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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creating a company for acquisition or IPO is different from building a profitable enterprise; it’s about building a sellable enterprise. Startups are not trying to earn revenue (which is a liability); they are setting themselves up to win more capital. They are not part of the real economy or even the real world but part of the process through which working assets are converted into new stockpiles of dead ones. That’s all they have really accomplished with whatever digital fad they’ve foisted onto the market or sold to yesterday’s tech winners. They thought they were engineering a new technology, when they were actually engineering a reallocation of capital. That’s why digital entrepreneurs who do win often end up becoming the next generation of venture capitalists. Everyone from Marc Andreessen (Netscape) to Sean Parker (Napster) to Peter Thiel (PayPal) to Jack Dorsey (Twitter) now runs venture funds of his own. Facebook and Google, once startups themselves, now acquire more businesses than they incubate internally. With each new generation, firms and investors leverage the startup economy more deliberately, or even cynically. After all, a win is a win.
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Douglas Rushkoff (Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity)
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The myth that the phone no longer works—because people don't answer—is disproven daily in our Fanatical Prospecting Boot Camps. The myth is disproven by our sales team at Sales Gravy and with thousands of sales teams across the country that survive and thrive on the phone. The statistics don't lie. We see between a 15 percent and 80 percent contact rate on the phones depending on the industry, product, and role level of the contact. For example, in the business services segment, contact rates are consistently between 25 and 40 percent. This, by the way, is far higher than response rates with e-mail and light-years higher than those of social prospecting. All
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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))
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When a person is engaged, dedication to their craft, desire to achieve, and relentless commitment to make a difference is palpable. You can see it, hear it, and feel it…and it is contagious!
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Kevin E. Phillips (Employee LEAPS: Leveraging Engagement by Applying Positive Strategies)
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The capability view can leverage different perspectives from different roles.
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Pearl Zhu (Digital Capability: Building Lego Like Capability Into Business Competency)
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The board should frequently brainstorm IT impact on the business and leverage technological vision to the business’s strategic planning.
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Pearl Zhu (Digital Boardroom: 100 Q&as)
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So, of the three major risk areas, execution risk remains the only real issue in building a company. How will the enterprise organize itself to maximize performance from its founders and management team? How will it leverage technology and information to create a unique and sustainable advantage and business model? Answering these questions correctly is the key to building a successful Exponential Organization. For this reason, we need to look more closely at each of the steps in building a powerful and effective team.
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Salim Ismail (Exponential Organizations: Why new organizations are ten times better, faster, and cheaper than yours (and what to do about it))
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Employees who are not engaged have untapped potential that sours like a perishable item.
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Kevin E. Phillips (Employee LEAPS: Leveraging Engagement by Applying Positive Strategies)
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Who did what again?” The amused voice of Connor Prescott, one of his business partners, only spiked Wes’s displeasure. So much for being alone and being able to vent his frustration. Instead, he lowered his hands and glared at his good friend, who was also directly related to the person Wes was currently annoyed with. He watched as Connor casually sauntered into the office, the dust on his jeans and boots a good indication that he’d just come in from working on a jobsite. “The who is your sister. The what is stealing yet another million-dollar listing right out from under me,” Wes snapped, even more perturbed that Natalie Prescott could push his buttons more than any other woman ever had, and make him rock hard at the same time. Not that she knew what kind of effect she had on his dick, and she never would. Because one, she was his best friend’s little sister and he’d known her most of his life. And two, he’d never give her that kind of leverage or smug satisfaction when they were business adversaries in an indust
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Carly Phillips (Big Shot (Book Boyfriend, #1))
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I’m telling you that responsibly applying time strategy and proactively leveraging your calendar is the dumb ol’ secret to seeing your dreams come true.
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Amber Hurdle (The Bombshell Business Woman: How to Become a Bold, Brave Female Entrepreneur)
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Hidden skills and knowledge are the essence of a successful small business or consulting firm. Unleash and leverage what is locked inside your head to help others while helping yourself.
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Sarah Gerdes (The Overlooked Expert)
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Some areas of opportunity: • First, stop saying, “Well, this is just the way it is in our industry.” • Have your available cash reported DAILY, with a short explanation of why it changed in the last 24 hours, and chart it against accounts receivable (AR) and accounts payable (AP) weekly. You’ll learn so much more about your business when you see how the cash is flowing on a daily basis. • If you want to be paid sooner, ask. Small firms are finding that large companies (and governments!!) will pay considerably faster or even prepay if they simply ask, ask, ask, ask, and ask some more. • Give value back to customers who pay on time or in advance. • Get your invoices out more quickly. Hire one more person in accounting to do nothing but make sure invoicing is timely and follow up on payments. • Send friendly reminders five days before the deadline that payments are due. Many customers are disorganized and will appreciate the reminders, resulting in faster payment. • If invoices are recurring, obtain recurring credit card authorization from your customers to automate on-time payments. • Understand why your clients are paying late. They might be unhappy with your product or service. Or perhaps an invoice has recurring mistakes, or it is not structured to flow through the customer’s automated invoicing system. • Understand each customer’s payment cycles, and time your billings to coincide. • Pay many of your own expenses with a credit card so you can play the float. Get your own customers to pay by credit card, so they can pay you quickly even if their cash flow is slow. • Help your customers improve their cash flow so they can pay you on time. Offer them leasing options, for instance. • Shorten cycles for delivery of your product or service. All of you have some kind of “work in progress.” The faster you complete projects, the faster you get paid. • Offer a product or service so valuable that you have some leverage with your customers to get them to pay sooner. • Remember, improving margins and profit improves cash.
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Verne Harnish (Scaling Up: How a Few Companies Make It...and Why the Rest Don't (Rockefeller Habits 2.0))
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China has become not only America’s main supplier, but America’s main banker, the largest holder of U.S. debt, with financial reserves topping $3.2 trillion, giving it enough financial leverage to wreak havoc with the American economy if it ever chose to sell off a large slice of its U.S. Treasury holdings. This is the opposite of what America’s business and political leaders promised. The
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Hedrick Smith (Who Stole the American Dream?)