Business Intelligence, by Rafiki Cai

Were you required to lecture in front of potential clients? Were you invited to speak in front of people in a private framework? Are you interested in convincing your clients?

Yaniv Zaid, lawyer and economist, business consultant, expert of rhetoric and persuasion and author of the books ” Speaking in front of an Audience”, “Speaking in front of a Client” and “How to make Money on the Internet”, gives you a short and easy guide on how to make a speech and use persuasion successfully:

1. Defining the message
Before we speak in front of people or clients, it is important to tell ourselves what the message is that we wish to communicate to the audience. It is astonishing to see how many people tend to make a speech without a “bottom line”. Every speech needs to have a “bottom line” that will transmit to the listeners the goal and message of the speech. If you make a speech in order to attain something (for instance, a worker asks his employer for a raise) – Define to yourself beforehand what exactly you want to achieve. If you are interested in convincing a client – tell yourself what exactly you want to convince your client of.

2. Good Preparation
Preparation is the key to a successful speech. When giving a professional lecture, learn everything that is related to the topic of the lecture. Think about the subjects that might be confusing (and find a way to explain them better) and the possible arguments that might be awakened by your speech.
The type of preparation changes according to your expertise on the topic, nevertheless it is recommended that you deal with every speech given as if it is a big and important event, even if you are speaking to only a few people, since it is very easy to damage a professional image. Preparation has a direct influence on the level of persuasion – the quality of the speech and the confidence you feel towards it will influence the level of your ability to persuade and transmit your message.

3. Knowing the target audience
The audience of your speeches usually changes from one event to the next. A successful speaker recognizes the qualities of the audience and adjusts the content of his lecture to match that specific public. Every audience has at least one thing in common – occupation, workplace, educational level, interests, etc. – that can be used as reference points when making a speech. If you are invited to lecture in a certain forum, ask yourselves what is the “added value” that this specific audience wishes to get from your speech.

4. Organized Speech
An organized speech is among the best tools to make people understand us better. The meaning is that a speech that has a clear structure – is divided into clear and defined sections. It is recommendable that your speech be divided in a clear way with an introduction and statement of the main topics, followed by the body of the speech, and a summary of the main points. It is also advisable that the speakers write the speech in an organized way and with clear distinctions between the different sections.

5. Controlling the Timing of the Speech
Time is a precious resource and it should be used appropriately. People, especially customers, tend to lose interest fast, and their listening ability decreases as a consequence. Therefore, think before the speech how much time you need to present your words, and plan it in advance. Focus on the essentials rather than the details, in agreement with the goal that you want to achieve by giving your speech. If, for example, you are presenting a new product or idea, focus on the general advantages of it at first, and only after that, if time allows, focus more on the technical parts of its implementation.

6. Responding to the Audience’s Questions
Questions from the audience or clients are an inseparable part of every speech. Answer the questions that come up during the speech in a way that aids you in transmitting your central message and does not contradict what you said before. It is recommended to think before the speech about the type of questions that might be raised during its course, and to come up with answers for them. During the speech itself, it is recommended to let the audience make questions at a time that is convenient for you, and not when it is convenient for them. In addition, it is advisable not to show that you don’t have an answer for a certain question.

7. Learning the Essentials of the Speech by Heart
Learn by heart your main arguments and the opening sentences of your speech. That way, you are not dependent on a paper – the paper stays in your hands as an aid, and only once in a while you glance at it. The advantages are that your confidence increases and you are able to look at your audience, instead of reading from a piece of paper. Moreover, if you are asked a question or are interrupted during your speech, and you have memorized the order of your points, it will be easier to come back to the point where you stopped and continue from there.

8. Giving Examples
Examples explain the content of the speech in the clearest way, and thus capture the attention of the audience. It is recommended to match the examples to the daily life of your clients – examples and anecdotes from the day-to-day life catch more attention than dry facts and examples from distant places. The use of examples is very effective in persuasion, and it causes people to think about the subject in a different light.

9. Using Humor
Humor is the best tool to draw the attention of the audience and to become closer to clients. Humor also works very well to “break the ice”, and aids to build good public relations. It is advisable to tell a witty expression or a good joke in the beginning and end of a speech, as well as to integrate jokes and comical stories during the speech or conversation. Nevertheless, it is important to remember two important points: If you are a funny person, do not turn the speech into a stand-up comedy show in which the audience is only waiting for the next joke, since this harms the real purpose of your speech. If you are not a funny person – don’t try to make others laugh at any price.

10. Expressing Self Confidence
As speakers, it is your duty to think that the “stage is yours” – that is your speech, and only you decide how it is going to be run (for instance, who will ask questions and when). It doesn’t matter what your personality is and how you behave on a daily basis – when you give a speech in front of an audience or speak in front of clients, it is your duty to give them the feeling that you are confident about yourselves, control the material, and are ready for every remark or question they might ask. Be strict about transmitting stability and tranquility during all of your speech or conversation.

About Mr. Zaid:

Yaniv Zaid is a lawyer and economist, provider of business and media consulting to companies and organizations, and a requested and highly experienced lecturer on the topic of improvement of speaking, marketing and persuasion abilities.

Mr. Zaid served as chairman of the “Debate” club at Haifa University and represented the university and Israel in numerous national and international “Debate” competitions and professional conferences.

In 2003, Mr. Zaid reached third place in the worldwide list of public speakers.
Mr. Zaid is the author of the books “Speaking in Front of an Audience”, “Speaking in front of a Client” and “How to Make Money on the Internet”.
He also volunteers in the “Young Initiators Do Business” program.

You are also welcome to visit my personal web site: www.yanivzaid.com

 

Hello everyone,

First of all, let me introduce myself. My name is Doron Habshush and I am a veteran Internet entrepreneur, nowadays functioning as a consultant to various start-ups. I have been active in the industry for well over 15 years, registered quite a few successes, as well as a few failures. Hell, I’m only human.

I was asked by SohoOS to write a series of posts on creating a successful business plan, and gladly said yes. The entrepreneurial world is fascinating and there is nothing I enjoy more than sharing the knowledge. So let’s get down to work.

Here’s the first thing you should take into consideration. Nobody should try writing a business plan without in-depth knowledge of the work process involved. Whatever the goal of the business plan may be (capital raising from private angels / VC’s / banks or even just a plan of action) it still needs to be focused and professional so that at the end of the process the person reading the plan has a clear understanding regarding the essence of activities, goals and aspirations. The writing must be fluent and clear. Take into consideration that the persons reading your plan are intelligent enough to notice a ‘shmir’ when they see one.

Here’s something else to think about. Don’t be afraid of showing off your idea to people. Paranoia is not good business sense. If you are afraid they might steal it, forget about it. This is especially relevant to people approaching venture capitalists. The role of a VC is to locate entrepreneurs with unique ideas, assessing the potential of the business and deciding whether to give it the financial push it needs.

Throughout my years as a strategic consultant and start-up accelerator I have always recommended entrepreneurs to take just the basis of the idea and set up a few meetings with people they think highly of. Prior to investing needless efforts in an attempt to build a business that might not have true potential, it is imperative to get initial feedback. Business model validation is an integral part of building the entrepreneurs self-esteem and may help raise issues not thought of when the process began.

That’s the reason that before starting the actual work process, consult with people you believe in. Gather every piece of information you can find regarding the market, the technology, the operations and financial needs of the business and only then, when you feel knowledgeable, start working. Rest assured that once the plan is completed you will have in-depth knowledge of how the business needs to operate in every phase of its initial life cycle.

Every starting entrepreneur thinks that the sole goal of a business plan is to raise money from investors. The concept of ‘give me money and I’ll make it work’ is essentially wrong. Investors do not throw their money away on promises, but rather check every aspect of the business before deciding whether it is worthwhile to even start the process. To convince a potential investor that your business does have potential you must know the material blind folded and be ready to answer every question. Do your homework and don’t get caught with your pants down.

In the following series of posts I will walk you through the steps of creating a solid, professional business plan that can withstand even the harshest criticism. Understand that a business plan is not written from start to finish, but rather data is learned along the way and then re-issued into the relevant places. Every section of the plan is intended to fully explain one single issue, from macro to micro and finally provide a recommendation or solution. For demonstration purposes only I have decided to use as an example a company (named ‘Kookla’) that wishes to compete in the field of online advertising, nevertheless, it is just an example.

A solid business plan encompasses all of the factors directly influencing the core activity of the business, from the original idea through the state of the market and its penetration strategy, from the technological aspect to milestones and financials, allowing an investor to get a clear view of what is offered.

The process begins, or ends, with an executive summary. Stay tuned for next week when I will post the first section of this series – how to write a GOOD executive summary.

 

Running a small business is relatively simple. Whoever tells you otherwise is just trying to get the wind out of your sails. It’s true that owning your own business holds risks, yet in today’s economy being an employee does not necessarily mean that you have a steady income. Companies go under pretty much every day, the banking system sucks and no one knows what tomorrow holds. That’s why I always tell everyone, trust yourselves only.

In order to start a small business, the first thing you need is passion.

That’s where all businesses come from. Find what it is you do best and makes you happy, focus on it and imaging your life doing just that and being your own boss. In the word of the late, great, Charles Bukowski:

Unless it comes out of your soul like a rocket,

Unless being still would drive you to madness or suicide or murder,

Don’t do it.”

Setting up a business from scratch seems very intimidating. The questions that run through your mind are endless. “What if I fail?” is the most common question, and to that question I answer with “What if it works?”

So what’s the first thing you need to do? You have to stop being afraid. It’s really that simple.

Ask yourself the question “What’s the worst thing that can happen?” – If you fail, try again. Trust yourselves people!

There used to be a time when starting up a business incurred a vast amount of additional costs. Nowadays, you don’t even have to rent office space. There used to be a time when you had to pay a secretary to take down memos and answer calls, nowadays there are call centers that will answer your calls for a ridiculous sum. Memos? Learn to type and make your own coffee.

The hassle factor was always a barrier of entry for fresh entrepreneurs. For some reason, many people feel that setting up and running a small business means many hours spent on paperwork, receipts and Excel spreadsheets. So much hassle, right? Wrong!

The Internet had dramatically changed the way we do business. When was the last time you sent out a letter? Actually took a pen and paper and wrote down something, stuck it in an envelope, licked a stamp, went to the post office and mailed it? Remember those days? Seems so long ago… All you have to do now is write down what it is you want to say to a person and click send.

The same had happened to running a business. There is a solution that makes it hassle free.

SohoOS empowers small and micro businesses to do exactly what they need to do. Focus on the business and not on paperwork. The SohoOS solution is a complete suite of business management software that’s always there for you, no matter where you are. You never have to be afraid that it will fail; you never have to deal with paperwork again. All you have to do is log in with your free account and manage your business from a single point of entry. It’s free and it’s reliable – what more could you ask for? How about a complete set of value added services that help you not only manage your business easily, but also helps you get more business? We have that as well.

Open your free account @ SohoOS now by clicking here. It’s free and it’s perfect for you.

 

Business Intelligence 1: Customer Consciousness

“Nothing happens until something gets sold.
The happenings don’t continue, if the selling ever stops.”

Let’s get something out in the open, since this is a journey toward
business intelligence: much of life is a matter of ‘selling’; whether we
like it or not.  Get over it and get with it.  You’re selling to your fiancée.
Your minister is selling to you.  Teachers are selling to students. And so on.
Selling is the fabric of society.  The distinguishing element is how
well are you selling.Is it possible to sell to people that you don’t know? Is it possible to
cater to their needs and even anticipate needs- that they themselves
are not yet aware of?It is possible to answer ‘yes’ to the first question.  It is conceivable that
the value you’re offering, expressly speaks to an exigency a prospect may have.
Consequently, a sale is made without considerable effort on your part.
How often can you bank on such alignment of your value and a prospect’s need?
Which brings us to the second question.  Even when fortunate
alignment brings you a customer, keeping that customer over a lengthy period
of time will require sustained effort.  Fundamental to such effort is ‘knowing
who they are’.

Rule 1 in the Knowing Process is: Listen Don’t Guess.

Business is not a crystal ball or Ouji board exercise.  It is empirical at its core;
based on data, observation, constant fact gathering and insights drawn from these.
When it comes to customers, this process begins and ends with LISTENING.
Listen to your prospects.  Listen to your customers.  After all, you are hired to please
them; not the other way around.


You may well feel that you’re the ace of your particular field.  You’ve been in the industry
for some length of time.  You’ve got your degrees, certifications, awards and plaques to
confirm your expertise.  However, the most critical elements of your success are not in
any of those things.  They lie within your prospects and customers trusting you.  They may
defer to your accolades and accomplishments, but they will ‘trust’ you once they feel you-
not the things on your wall.  One way to cultivate the feeling-of-trust, is for your to a) identify
with them  b) connect with their wants, needs, challenges and aspirations.  You must listen
before you can be trusted.

Step 1:
Create opportunities for your prospects and your customers to be heard?Here’s a super simple wisdom, that could mean untold business for you: ASK.  You may
not know as much as you need to, about your prospects or customers, because you just
have not asked.> When establishing initial conversations with prospects or customers, endeavor to listen
more than you expostulate.  One set of advice doesn’t fit all.  Besides each would be client
wants to feel you’re tailoring attention to them, as opposed to running them through cuttie-cooker
processes.  So, good ahead and ask them earnest questions-indirectly or directly.  Then listen,
earnestly.


> Practice remembering what prospects or customers tell you.  If you claim to have bad memory
or recall, then get some help- quick.  You’ve got to remember what you’re told.  One way to help
this process, is to clarify with the prospect what they’ve stated.  Example: “So, let me see if I’ve
heard your correctly.  Your business takes Resource A and and converts it to…  Is that correct?”Creatively survey your prospects and customers.There’s nothing wrong with printing a primary question, on the back of your business cards. (What’s
on the back of them any way, nothing?)

You can produce an audio survey, via which you propose to help prospects or customers take stock
of the value in their current business flow.  The questions you ask can have dual purpose.  They can
aid the prospect or customer, while at the same time affording you valuable insight as well.  This survey
can be compelling, concise and engaging.  It can be delivered by phone (with Interactive Voice Response | IVR ).
Or it can be delivered on your web properties, accompanied by an easy to complete form (that posits answers
directly to a database).

In some instances, you may even endeavor to survey by text-message; with the use of a shortcode.
Example: If you’d like to rev up your profits, answer a few questions by texting the word IMPROVE to 41411.

These are a few low cost but effective approaches to querying your prospects and customers.

Tagged with:
 

Over the next year, I am tasked with leading an expedition. It is an
undertaking of learning and growing, of expanding both I.Q.s and bottom lines.
Those who know me, could easily reason; that this is a logical mission for me to end up on.
After all, my childhood was zealously framed with a family tradition of: enterprise, enterprise
and enterprise again. (Of course, we had a more organic word than
‘enterprise’, but you get the point). In addition, my last 16 years have
been spent covering the constant growth of web technologies, as well as
consulting prominent entities from Capitol Hill and Hollywood to Thailand and Israel.

I cut my teeth in the Internet profession, as a contributing writer to a national business
magazine in the U.S. So, leading this mission in ways will be- in some ways- a return
to familiar work, that I’ve enjoyed in the past.

My responsibility to those joining this journey is to: a) raise compelling questions
(of both an individual and communal nature). I am a fierce believer, that questions
stretch the mind and shape the road(s) we travel. b) identify innovative resources and
strategies. How you achieve is greatly informed by what tools you’re aware of and are
using, in your efforts. c) introduce insightful business thinkers and doers.
Show me who you’re listening to, and I will draw the map of where your business is headed.

I welcome you along on this odyssey to intelligence: business intelligence that is. If you
travel with us, you’re bound to be enriched, meet new contacts and colleagues and increase
the chances of your enterprise flourishing. If you ponder the questions we pose, implement
some of the tools we introduce and glean from the minds we engage, you will grow.

How Will This Journey Work?

Our principal map will be a curriculum of 12 Business Intelligences.
Every other week, one of these will be introduced in a posting to this space. Typically each
segment will include exercises or challenges, so as to draw you into hands on action.
Just like chemistry, biology and physics, to really understand and learn you’ve got to
get into a lab.

With each segment, I will strive to accommodate as much feedback and discussion, as
I can qualitatively support. I don’t want this expedition to be about listening to a pontiff.
I want us to engage. Open Source Business Learning you can call it.

Get Your Digital Pencils Sharpened and Select Your Virtual Paper

Even when I was active in the ministry, (yes, I’ve done that too- but don’t ask for details), with
every sermon I would urge parishioners to take out pen and paper and be prepared to take
notes. Those of us committed to success, measurable and immeasurable, should always be
on the alert; for thoughts/data/insight that challenge us, inform us and inspire us. I’m hopeful
that you will find some of each as we travel through these segments.

With that said, I’ll look to see you soon; as we take our first step into developing our
Business Intelligence.

Tagged with:
 

A call to action

On July 28, 2010, in Uncategorized, by ron
1

Are you tired of seeing big business steal the show? Have you had enough of corporate vultures getting all the pickings? And if another commercial enterprise squeezes out a pioneer with a great idea you might just snap, right?

You know it’s time the little guy fought back. You want to do something for all those home businesses out there. You want to say something on behalf of all the small concerns striving daily to succeed. You want a platform to speak.

Well, we’re giving you one. It’s the SohoOS blog.

We’re passionate about creating an environment in which micro enterprises can flourish. In which small businesses can succeed. In which the little guy comes out top. And we want you to be part of this environment. We want you to put your voice behind our mission.

Command this platform as your own and be the voice of small business. Come and write for us at the SohoOS blog.

Write to us at info@SohoOS.com

The SohoOS Team

 

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Want to add a free SMS widget to your Word-Press Blog? – just follow this simple instructions:

1)  Download the Soho OS Free SMS Widget from here.

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1, 2, 3 and you’re done…