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Career Advice For Faculty At California State University

20 May

CSU, as it is popularly called, is one of the most enchanting universities to study in. Students from the U.S. and even from abroad consider CSU as their primary destination for graduate education. The university has various campuses across North America viz. Northridge, Long Beach, LA, etc. The faculties at CSU are experts in their domain.

Brief Background about the Faculties

The CSU is an ever growing university with every year hundreds of new students enrolling in. Along with the exponential growth in the number of students, the university constantly thrives to provide them quality education with new faculties. Currently, there are more than 43000 staff and faculty members across more than 20 campuses. It is only because of their dedication; CSU has continued its service over a long period of time.

Training & Development

The training institute for CSU in an ideal learning program for the trainer who is joining the California State University. It is called as the ITL program. This program mainly demonstrates the faculties about research, ways of imparting training and providing services. It is a collaborative program where faculties are taught to deal with students and also how to impart career advice.

The ITL is designed to support programs for the teachers who are interested in making careers for themselves and impart quality education to their students. The ITL always promotes scholarly study of research areas and promotes enhancements in Designing courses, Designing teaching strategies, Designing learning strategies, developing classroom examination practices and providing the student an environment to learn.

Best Practices

The best practices followed by CSU can actually help the faculties adapt to CSU as soon as possible. Below is the list of all the best practices.
Seminars: The first year students can be jittery while coming to the university when they are new. So to ease the pressure, they should be greeted with the seminars and presentations related to CSU.
Interpretation Services: Many of the students are international students at CSU. They should be provided with language translation and interpretation services initially. The interpreter job can also be a great boost if you are interested in learning a new language.

CSU, as it is popularly called, is one of the most enchanting universities to study in. Students from the U.S. and even from abroad consider CSU as their primary destination for graduate education. The university has various campuses across North America viz. Northridge, Long Beach, LA, etc. The faculties at CSU are experts in their domain.

Brief Background about the Faculties

The CSU is an ever growing university with every year hundreds of new students enrolling in. Along with the exponential growth in the number of students, the university constantly thrives to provide them quality education with new faculties. Currently, there are more than 43000 staff and faculty members across more than 20 campuses. It is only because of their dedication; CSU has continued its service over a long period of time.

Training & Development

The training institute for CSU in an ideal learning program for the trainer who is joining the California State University. It is called as the ITL program. This program mainly demonstrates the faculties about research, ways of imparting training and providing services. It is a collaborative program where faculties are taught to deal with students and also how to impart career advice.

The ITL is designed to support programs for the teachers who are interested in making careers for themselves and impart quality education to their students. The ITL always promotes scholarly study of research areas and promotes enhancements in Designing courses, Designing teaching strategies, Designing learning strategies, developing classroom examination practices and providing the student an environment to learn.

Best Practices

The best practices followed by CSU can actually help the faculties adapt to CSU as soon as possible. Below is the list of all the best practices.
Seminars: The first year students can be jittery while coming to the university when they are new. So to ease the pressure, they should be greeted with the seminars and presentations related to CSU.
Interpretation Services: Many of the students are international students at CSU. They should be provided with language translation and interpretation services initially. The interpreter job can also be a great boost if you are interested in learning a new language.

 
 

Innovative Marketing Creates Opportunities

20 May

Innovation creates marketing opportunities and challenges in undreamt of ways. Mobile marketing and email advertising target users of handheld wireless devices such as smart phones and PDAs. They reach the customers wherever they are in order to promote the sales of products and/or services.

Email marketing uses electronic media as a means of communication with the masses. The term is generally used to refer to sending of emails with the purpose of enhancing the relationship of the merchant with the customer. It is also used to attract new customers by convincing them of the merchant’s worth. It is a very useful business tool as it is an excellent way to keep in touch with the customers. In many businesses, in fact, in almost all businesses, it has become the practice to get the email address and cell phone number of the client.

This is then used to offer incentives and deals to the client. The website or the deal will usually have a signup form.

Another strategy for marketing is the mobile marketing. Cell phones have so taken over our lives that we do not move out of our homes or office without our phones. Phones are not just for making and receiving calls. They are now also used for checking mails on the go and sending and receiving text messages among other things. The concept is similar to email marketing . The number of the prospective or current client is added to the mailing list and periodical text messages are sent offering new deals or informing about upcoming sales, seminars etc.

A survey in India has revealed that customers are looking for customization of mobile marketing according to their individual tastes, requirements and preferences.

In India, mobile marketing and email marketing are at a relatively nascent stage. But in other developed countries, companies offer small businesses, opportunities to market their products and services.

 

Small Business Accounting System

19 May

Picking the small business accounting system you will use for your business can be a big decision. Once you select a software program it can be very difficult and costly to switch systems later if you are unhappy with your selection. That is why it is a good idea to thoroughly review all of your options before making the decision for your small business.

Some of the key factors that should be reviewed when selecting a small business bookkeeping software program for your small business are

Cost

Learning curve

Input efficiency

Reporting capabilities

Flexibility

 

In more detail here is what you should be looking for in each of the above key factors

Cost

Compare the costs all the various programs you are considering.

Ensure to take into account if the program cost is a one time payment or an on going monthly fee. On-going monthly fee programs can sometimes look attractive but actually be very expensive if you need to pay the monthly fee for as long as you use the software. Calculate how much you will pay in monthly fees over the life of your business to understand the true cost. Cost is not the only factor though, weigh the other features of the programs against their cost as it might make sense to pay a little more for a program that has more features, is easier to use or is just more flexible.

Learning curve

Take into account how long it is going to take you to learn the system.

If a particular program will take days or weeks to learn there is significant cost to your business by selecting a software package of that nature. There is a lot of value in having a system that can be learned quickly by yourself, others or future employees.

Input efficiency

Take into account how long it will take to make journal entries and run reports. If with one bookkeeping system you will be able to enter twice as many entries per hour versus another program, definitely choose the program that is quicker to work with. The less time you spend entering your accounting transactions the more time you have to run your business and make more money.

Reporting capabilities

One of the key differentiators between small business bookkeeping software programs is the reporting features available within a given software package. Reporting on your financial results is critical to managing your business that is why you need to make sure the program you purchase can easily deliver the reports you need. Many bookkeeping programs have set reports that can not be modified. If you are considering a software system of this nature it is critical you ensure the standard reports can be customized to include the information you want and need.

Flexibility

Finally the fifth factor to consider when selecting a software program is the flexibility of the program. Flexibility includes the ease at which the necessary information can be extracted from the system. It also includes how easy it is to make correcting entries or the ability to transfer the program from one computer to another. The last thing you want to have happen is have all of your bookkeeping information locked into some program but not be able to access or modify it in the way you want. And finally, flexibility includes how easily the data can be transferred to another program of software system.

 

When making your final decision on the small business bookkeeping software you will choose you should weigh how each option you are reviewing compares on all 5 of these factors. At the same time is is important to determine which of the 5 factors is most important to your particular business and situation. Only you know what your bookkeeping program needs to be able to do. If you follow this process you will make a smart informed decision that will result in the selection of a system that is right for your business.

 

If you are in the market for a small business accounting system check out Profitworks’ Easy To Use Accounting Software by clicking on the link below.

http://www.profitworks.ca/easy-to-use-accounting-software

 

The REAL Secrets to Sales Management Motivation

19 May

Motivating your sales team is just one aspect of the job of a sales manager, but it is all encompassing in that it also includes all of the other things that you do as a sales manager.  Sales managers are not only coaching and leading, but there should also be an undercurrent of motivation in everything and anything that you do.  And be acutely aware that every interaction that you have and every message that you send has to have an undercurrent of motivation associated with it in order to keep your sales people at peak performance, especially in today’s economy when sales are tougher to get, it is very important to have a highly motivated sales team to push you towards your goals as a sales manager and towards the goals of the organization.

 

In previous episodes we talked about sales motivation and

As well as achieve the career success that you desire.

 

On one of our previous shows we talked about the 7 Forces of Motivation which are universal concepts that we tailored for sales people.  These motivational forces are forces that are driving your sales people, whether they know it or not, the forces come from their genetic makeup and are the same forces that drove them as kids, then into adulthood, and now as people that are on your team.

 

The real secret behind all of this is that when you break it all down from a motivational standpoint we need to remember, before we formulate our specific strategy on how to motivate them, we need to understand two concepts of motivations.

 

Motivation is broken down into 2 types

 

· Intrinsic

· Extrinsic

 

 

Intrinsic motivation is motivation that is driven by an interest or an enjoyment in the task itself.  It exists within the individual person rather that relying on any external pressure.

For example, an intrinsic motivation for someone is that which the person finds enjoyable unto itself.  Reading a book, or exercising, or the art of selling, or prospecting the task itself is the motivator because they find that enjoyable and pleasurable.  Maybe they find it ethical as well, it makes them feels good and is consistent with their personality type.

 

Intrinsic motivations are deep within the 7 Forces of Motivation that drive people toward the achievement of an objective.

 

Maybe this might include a sense of achievement, or responsibility, or internal job satisfaction, ownership, or mastery of a thing that they do.

 

For your sales people, these are internal drivers that you as a sales manager cannot put there, those intrinsic motivations are either there, or they are not.

 

What you as a sales manager can affect are the external or extrinsic motivators.

That is what we are going to talk about in our motivational strategies:  How to motivate them based on their personality types.

 

Extrinsic motivators are external, from outside the individual.  And they are what you as a sales manager can control and change.  Extrinsic motivators could be bonus plans, stock options, time off, promotion, praise, threat of punishments, appreciation, acknowledgement, or competitions, prizes, and awards.  These are things that you as a sales manager can affect.

 

It comes down these two individual types of motivation:  intrinsic versus extrinsic.

 

As a sales manager you can most affect the extrinsic motivations which then can feed into the intrinsic motivations.

 

We will get into specific extrinsic techniques that you can use based upon your sales reps individual profile so that you can affect their sales performance in a positive way.

 

Making this distinction between intrinsic and extrinsic motivation is important because now we are going to give you some extrinsic ways that you can affect and impact the intrinsic motivations of your sales people.  It is a very important concept to understand, you are not putting intrinsic motivators there in the first place, that is part of their specific profile, but you can affect the intrinsic motivations through your actions, and your actions are extrinsic motivators.

 

Each sales rep should have a different motivational strategy or profile that you create so that you can apply extrinsic motivators to impact their intrinsic motivation.

 

It is important to remember that you are the one that is going to apply the extrinsic motivation to affect the intrinsic motivations of your sales people.

 

How do you do that?

 

You cannot look at each one of your sales people as the same.  They each have a different motivational profile.  Some people are motivated by one thing more than another.  Most upper executives and think, “if we just put a good commission plan together and we just put a good pay plan in place, then everything is going to be fine.”

That does have something to do with it, but money isn’t a sole motivator for your sales people.  It is what that money means. 

 

By painting with a broad brush, and trying to motivate them all in the same way, you really end up missing the mark, and not being as effective as you could be if you had an individual motivational strategy for each one of the people in your sales force.

 

So if we use that idea, that each person is motivated by an individual set of motivations how do you formulate that strategy?

 

What do you do to motivate each sales person in their own way?

 

We have created six different profiles for each one of your individual people based on the answers to a questionnaire.  The Motivational Questionnaire is an 8 question questionnaire available in the Sales Management Mastery Academy.  With the questionnaire, you will create a motivational profile for each one of your people.  Whether your people fill out on their own, or you make guesses to fill it out for them, then you will then get a good idea as to the specific motivations of each individual on your sales team.  If you do this for all ten people on your sales team, you will get a very good idea of motivates them.

 

Based upon those answers, then you can use individual strategies for each profile which tie back into the concepts that we have taught inside the academy.

 

In our future shows, we will tie these motivational strategies with other key concepts that we have learned such as, establishing trust, leading by being led, setting expectations by goal setting, setting the bar higher, as well as motivational concepts such as praise and appreciation.  Now we are looking at it from a more scientific standpoint.  Different people respond to praise in different ways, different people respond to appreciation in different ways, different people respond to money in different ways.  We will tie all of these concepts together and tailor your strategies using the six profiles.

 

You are not just throwing things against the wall, you are actually using the concepts that you have learned in the show and tailoring it for each individual rep.

 

There are really two types of motivation.  The first type of motivation is intrinsic; the enjoyment that individuals get from the task itself, it comes from the enjoyment of the task itself, those are the things that you cannot affect, they are either there or they are not.

And that profile is different for each rep.

 

But what you can affect is the extrinsic motivator, motivators that come from outside forces, meaning you as the sales manager, or you as the vice president of sales, or you as the sales trainer.  As long as they are tailored specifically for the profile of each individual rep, then you can supercharge them for super performance.

 

It is important to understand those 2 concepts as we move forward using the 6 P’s of motivation and the strategies, tactics and techniques that you can use to maximize your own sales performance and your own individual success in your sales management career.

 

 

 

 

Small Business in Need

18 May

With the economy slowly improving, some small businesses aren’t recovering at the same pace.  They are still struggling to repay the debt that was created just to stay open during the downturn.  Small business is what powers our country and they deserve every opportunity to succeed.  The point of this article is to show what options are available for small businesses that are in need of some cash to cover their debt.

The old saying goes, “it takes money to make money” and in order for some small business to grow their sales, turn profits again, and repay the debts that were created during this recession it is very hard.  An option for many businesses to gain cash in the short term is to take a gamble on their future sales.  Invoice factoring and credit card cash advances will give business the boost in cash they need to get out of the hole.

 If they are in an industry that is expected to grow as the economy keeps improving this is a great option.  Both methods work by “selling” some of your future sales to other companies for cash fast.  They also do not require credit checks to be approved for the advances, so if the bank will not approve your business for a loan or a new line of credit this may be the best bet.  These also work to make it through equipment failures and unexpected large expenses.

If the debt of the company is too much to handle, debt consolidation may also be an easy way to keep the doors open. A debt consolidator will work with the company to negotiate their debt down and a monthly payment will be made directly to the consolidator.  This option works best when all other attempts to get out of debt without assistance.

Whichever method a business chooses to get out of debt, the best thing is get started as soon as possible.

 If you let the debt build it will become even harder to tackle it, even after the economy rebounds and the sales start coming back.

 

Managing Risks With High Risk Life Insurance

18 May

Insurance is a risk management device that is often taken out to secure lives and properties. However, not all applications for insurance coverage are approved upon review when it is manifested that the person applying or the property that is applied for carries the risks that are typically considered as high risk.

A pre-existing medical condition is a typical example of a risk that is often turned down by insurance providers. These are the circumstances that are covered by high risk life insurance or impaired risk life insurance. They are designed for people whose applications for life insurance are frequently declined by most insurers.

High risk life insurance policies are normally taken out for two major reasons. First, the person seeking to be insured has or had a medical condition that is considered high-risk, hence it is difficult to insure. These medical conditions include ailments such as cancer, diabetes, heart disease, kidney failure, mental health, and other illness that often are incurable or hard to treat.

Second, the person is engaged in a high-risk sports, activity or occupation. This includes scuba divers, miners, pilots, and those that are in the military service who are deployed into the war zones.

A high risk life insurance coverage is sought to give their family protection in case the insured passes away. This is not a popular insurance policy, especially to insurance companies. But there are insurance services that offer this type of insurance policy. They tend to be much expensive than a typical life insurance but they give out the kind of coverage that you need if you are considered high-risk. The rates vary from one insurance provider to another, hence it is essential to have a good relationship with the insurer’s underwriters.

So if you feel like looking into getting this life insurance, be sure to check out www.highrisklifeinsurances.com for your concerns.

 

Grants Small Business Expansion

17 May

Raising capital can be a harrowing affair for most of us, but particularly so for small struggling businesses, disadvantaged groups and those belonging to the rural sector. Often many of these people have done the rounds of the banks and traditional lending institutions only to be turned away because they have not been able to meet their very strict lending criteria. Unfortunately a large number of these people never know that there could be a multitude of grants available to them from both federal government and state agencies. Grants are often overlooked as the first place of call, and consequently much time and effort is wasted, not to mention the accompanying emotional stress.

Federal government grants total some 0 billion and they are distributed through 1,000 grant making agencies. The amount of money that is available is staggering, to say the least.

These figures alone should be enough to encourage anyone who needs to raise finance to at least spend some time on research to see if there is grant money that is available to them. Women in particular have countless avenues open to them. The figures show that over 500,000 women begin new business ventures each year. Of these, many would have been able to qualify to receive a grant of some kind to help them get started, and without this help these women would not have been able to raise the necessary capital.

There are many specialized industries that almost instantly qualify for grants. Sheltered workshops for example have many grant opportunities open to them. Locations of high unemployment will also qualify for federal government grants as this provides a great incentive for members of the community to start their own business in these areas.

Ordinarily, these people would not be able to raise money through the normal channels, where assets are required for security. Eligibility for grants is based more on the character of the person, and the amount of experience they have. Find out more from my website grants-review.com Naturally it has to be shown that the applicant has the ability to repay the money during a fixed period of time, but the terms are very flexible and attractive and are designed to help achieve success rather than hinder it.

Struggling businesses of all types will quite often be eligible for grant assistance. Those in business know only too well the hardships that are brought about by seasonal downturns, or natural disasters. These periods can leave the owner in the position that there is not enough cash flow to purchase new stock, and small business grants of up to ,000 are designed to see the business owner through these tough times. Without this financial assistance many of these businesses would have to close their doors which would be such a tragic waste. It has been proven time and again, that with a little help during these small trading hiccups, the business will quickly recover and go on to bigger and better things.

Anyone who finds themselves in the position of either needing capital to start a new business venture, or to support an existing one, should seriously consider taking the time to explore the world of grants through the various state and federal agencies. To make it easy for people to ascertain their eligibility, there are now online agencies which streamline the whole lending process. Instead of making those tiresome visits and waiting in queues, it is now possible to attend to the whole submission process via the Internet from the comfort of your own home.

Small Business Grant Source:
Learn the application procedures, various funding sources for specific types of businesses and eligibility criteria for small business grants. You can find the most comprehensive information on availing of small business grants by visiting this online guide on grants here
Apart from the Government, there are several foundations that liberally offer grants for several purposes. Visit this Grant Foundation Guide to know how to avail of free grants from private foundations. Also, check out the Education Grants Guide to find the best sources for all types of education grants.

 

Managing Your Portfolio Risk

17 May

As an older investor, you need to manage your portfolio risk to get it as low as possible without lowering your potential investment earnings. Today, there may be many alternatives to corporate bonds and government bonds, although you will be significantly increasing your portfolio risk with these high-yields options. If you and your investment advisor think that your finances are sound enough to take on additional risk, weigh how each of these investments affect your portfolio. Also, some experts recommend that you think of your entire portfolio as partitioned into a couple of buckets: the first for urgent expenses you may encounter in the next five years, and the other to result in income you can use towards less immediate long-term expenses.

The second bucket should contain higher-yield, relatively riskier investments, while the first needs to have reliable, safer investments. As for the profit of investment in the first bucket, yields above 1% will do, although rates of return such as these may seem trivial. The truth is, today, average yields on some mutual funds in the money market are much less than 0.1%, and somewhere around 0.15% for Treasuries lasting three months. Money-market bank accounts may make more, ranging from 0.65% – 0.94% depending on the amount deposited, but it still does not reach that seemingly paltry 1%.

Investors can do much better nowadays with other options, such as the 1.3% annual yield you can get from American Express Bank, or the 1.21% Wilmington Trust unit WT Direct gives on your deposit. You can also consider short-lived bond funds due to the higher gains you can get, although rising interest rates will cause these funds to waver just think of bond funds like these as a second liquid fund for expenses you will encounter within nine months to a year. You should also observe the underlying investments these funds work with, as events such as the collapse of the credit market battered short-fund investors because of their relation to securities backed by mortgages.

Senior investors who want to strengthen their investment portfolios and boost their retirement finds may find it difficult to earn more without taking on more risk. However, you can still find ways to make good money while keeping portfolio risk manageable, such as using the described two-bucket method to help you re-allocate your assets and investments and classify them according to the expenses they will be used for when you retire.

 

Management Of Investment Risk

16 May

A financial institution has as one of his duties the management of financial risk. They need to manage it well otherwise they will not be in business for long. Credit reports and collateral are some of the risk management instruments that consumers are familiar with. They can seem oppressive when applying for a loan but a few were the lender you would understand their importance and that a handshake deal or a gentleman’s agreement doesn’t do much in terms of offsetting risk.

Even the best forex trading doesn’t come without its share of risk. Liquidity risk is the risk that a financial institution will be unable to generate sufficient cash inflow to meet required cash outflows. Liquidity is critical to financial institutions such as banks and credit unions that need liquidity to meet deposit withdraws and pay off other liabilities as they come due such as pension funds which need liquidity to meet contractual pension payments and life insurance companies need liquidity to pay death benefits. The quiddity also means that an institution need not pass up a profitable loan or investment opportunity because of lack of cash. If a financial institution is unable to meet its short-term obligations because of inadequate liquidity than the firm will fail even though over the long run the firm may be profitable.

Foreign exchange risk is the fluctuation in the earnings or value of a financial institution that arises from tuition in exchange rates. Many financial institutions deal in foreign currencies either for their own accounts or the by or sell currencies for their customers who are acting on forex trading tips. There is considerable risk involved in dealing in foreign currencies and institution must offset then carefully as just the mere announcement of changes in interest rates can severely affect one’s position in the foreign exchange market.

 

Network Your Small Business

16 May

How to Network as a Small Business Owner

If you’ve started a small business, networking might not be on your mind yet, or it could be something you have feelings of reluctance and uncertainty about. It is important to turn your mind to it, however, as networking is a way of increasing your knowledge, opportunities, and personal growth.

1- Realize the value of networking to a small business. A small business is a small fish in a very big sea. Networking helps you to become a part of the bigger sea, by getting your business out there and known by more than a few. And without a doubt, networking always increases the job opportunities for your small business, from meeting new contacts, catching up with old contacts, finding out new ideas, gaining a mentor, and getting support.

2 – Consider using real life networking and online networking opportunities. Use both if possible as this increases your coverage; with online networking, you don’t have to travel but you can reach out worldwide. Real life networking adds the personal touch.

3 – Be prepared. One of the main reasons that people shy away from networking is because they convince themselves that they don’t know what to say or do. Yet, networking differs from dinner parties. You don’t get stuck with the same person all evening; you move around rapidly and you have pointed conversations when you do connect. There just isn’t time to take one person to the corner and hog them all night, and if you try, you’ll seen get your shoulder tapped! Preparation should consist of the following basics:

Have a business card printed up – name, address, contact details, pithy summary of your business, and any other short, relevant info. More importantly, always have enough of these on you to hand out. Don’t forget them!Prepare a spiel. Just a few sentences that best summarize your business in a positive light. Don’t use this as an opportunity to sell; all you need at this stage is connection and curiosity raising.Know why you’re networking. Do you want to get more business, more support, more mentors, more ideas? This will help to slant your approach rather than standing around wondering what the point is!

4 – Be selective. While networking is important for a small business, your time is precious. Target the events that seem to you the best able to meet your business’ interests. Schedule these events into your diary and prepare anyone else from your business who will be attending with you by outlining the above preparation advice to them. There is no point running yourself ragged trying to attend every networking opportunity available; do your research to see what counts most.

5 – Be interested in people for who they are, not the opportunities they may or may not represent. Everyone responds better to being treated as someone who matters. When you talk, show your interest in their small talk, their personal stories. Be careful not to make statements that might offend their personal beliefs or faith. Keep it above board, friendly, and person-oriented. The business will come later when the connection and trust have formed.

6 – Follow up promising contacts. Don’t wait for them to chase you; chase them instead. Do this within the 48 hours following the event. A cheery email, a quick phone call, or even a handwritten letter on your letterhead are ideal methods for follow up.