It needs to grow and innovate consistently or it will loose it’s glow.
We are either growing or dying, there’s no in between.
What I’ve been occupied with? Well, you can find out more on updates in my company’s website and at Datum4U@Facebook
A Neat Trick for Cash Businesses
As it was raining, my wife and I decided to head to a nearby shopping center’s food court as it have covered car parks. Most food courts are managed by the property management with profit-sharing model with the respective outlets.
The outlet owner have systemized their operations, so that they can hire cheap labor to operate the business without them being there, just like those major fast food chains.
However, since most food business is cash business, it is not easy to deal with money issues. As I am paying for my food, I stumbled across this interesting solution and believe that you should know it too.
They placed a sign in front of each cash register:
Your meal is free if you are not given a receipt. With exception of technical breakdown.
To ensure that there’s no undeclared income, the management come up with a clever and simple neat trick.
However, there is still a minor loophole in this practice, how can we be sure that it is not a technical breakdown?
What The Road System Makes Me Realize…
Comparing today and yesterday’s trip to fetch my wife after a training class, I found that traveling on the same road on both days can varies in the time taken to arrive at the destination.
Yesterday, I left office at about 7.00 PM. and reach to the destination on 8.00 PM. It takes 1 hour for me to reach there. And today, the same road, but leaving office at 5.00 PM, I’ve reach there at 5.15 PM.
In my quest of saving time from unnecessary wastage, I’m wondering that just by traveling at different times can save me a big amount of time (and money too). Isn’t this interesting?!
Over the past few months, I’ve been trying different timing of starting my journey to and from my home and office. Observing the amount of time spent with different combination, I’m trying to work out a pattern.
Pattern is used by human to predict outcomes from a given set of inputs. The more complete the pattern, the better the prediction model is. So, similarly for success, if we are in the journey to discover the pattern that works for us, we will eventually make it to our destination by applying the right sequence of variables.
Would you agree? That patterns to success does exists.
How I Escaped from Robbers
I was almost taken down by the robbers. Worst still, it is so near to me and is invisible. So, it’s hard to fight. I did struggle for a few years and now it is easier since I’ve found a few tricks under my sleeves.
Here are some of the invisible time robbers
- Things that I do repeatedly
- Things that I don’t like to do
- Skills I need to acquire just to do it once or twice (non-mainstream skills)
- Things that comes in unexpectedly
- Things that took more time because of no-planning
- Micro sleeps
- Traveling
How I Escaped?
- Leverage on Other People’s Time
- Hire others, outsource the work I considered as time robbers
- Continue reading →
How to do business minus the H1N1 virus risk?
Looking at all the news on H1N1 swine flu virus, I see that this pandemic will act as a catalyst for more business relying on Internet as a better choice to interact and social.
Things you can do online:
- Live web-meeting with webcam and presentation slides if needed.
- Use Skype or other VOIP software to have telephone conversations.
- Record a presentation and upload it to website. Continue reading →
Learning From My Mistakes
Do you know who's that?
I’ve not been writing for a couple of weeks. This is because I’m busy working on some investments myself. Will share this more when I’ve measured the results. Okay, now let’s go back to the topic…
My mistake – focusing on the wrong things.
A few weeks ago, I was attending a seminar, which was organized by Success Resources. The CEO of the company, Richard Tan went up the stage to share with the audience how he made it to being the top company in their industry.
The answer was simple, yet powerful – “I spend 5% of my time organizing and 95% of the time selling. While others may be spending 95% of their time organizing and 5% selling.”
How true?!
At a first glance, it may sound awful simple. But it hits me as I reflect back on what I’ve done in my business and how I wasn’t impressed with my results. If I want more sales, first I need to focus on selling itself and not other things.
Let’s Offer Some Packages!
Package is defined as a bundle; something which is packed; or the art of packing something.
As a consumer or buyer, we would be interested or happy to consider buying a package rather than individual item.
The packages may sounds more logical or “value for money” and it is a temptation for most buyers.
Some benefits of coming up with a package includes:
- Save time and headache for buyers
- Perceived as a special offer
- Value for money (to buyer)
- Increase temptation to buy
- Bulk sales (to seller)