Tips For Making Better Decisions

Tips For Making Better Decisions

Evaluate, Process
Many people rely on gut instinct to make important decisions. While there are benefits to trusting your gut, you make better decisions when you pair that instinct with logic and evidence. Here are three ways to introduce evidence-based management into your decision making process: Demand evidence. Whenever anyone makes a compelling claim, ask for supporting data. Don't take someone's word for it. Examine logic. Look closely at the evidence and be sure the logic holds up. Be on the lookout for faulty cause-and-effect reasoning. Encourage experimentation. If you don't have evidence, create some. Invite managers to conduct small experiments to test the viability of proposed strategies and use the resulting data to guide decisions.
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Save Time by Saying No

Save Time by Saying No

Process
What matters more: the amount of time you work or the results you produce? Any smart manager would say the latter. Yet, many people spend long, wasted hours at work. If you're struggling to keep control of your time and boost your performance, try doing these three things. Decline meetings. If you don't need to be there, don't accept the invitation. Explain your workload and request to see the meeting's minutes instead. Delete emails. Not all of them of course, but only keep and respond to the most important ones. Dial down your effort. If you can't say "no" to a certain request, recognize that it may only require a B+ effort. Don't spend time bumping it up to an A+ unless you really need to.
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What Business People Can Learn From Cooking

What Business People Can Learn From Cooking

Improvement, Process
Long time cooks know there are certain things you can do to come up with a great meal. These are lessons that can also make your business great. If you want to build a great business (or life) here are some cooking lessons you need to learn. It all starts with recipe. The first thing any cook does with a dish is to learn the recipe. It may start with someone else's recipe or it may start with trial and error, but the first step is creating the recipe. For businesses that recipe is your operations plan. Figure out what all the steps are to accomplish your task. Write down the plan so you can refer to it. Every task has its recipe. Once you know the recipe you can…
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Boost Your Productivity by Protecting Your Time

Boost Your Productivity by Protecting Your Time

Process
If you want to get more done, take ownership of your time. Our most satisfying work comes about when we’re playing offense, working on projects that we ourselves initiate. Look for ways to automate or delegate activities that are not a good use of your time. Say no to projects that aren’t a priority and maintain a relentless focus on self-directed goals that only you can achieve. Program your phone to only ring for select people, and resist emails first thing in the morning until you’ve achieved at least one important task. Recognize and honor your physical limitations by getting plenty of exercise and sleep, cycling between 90-minute bursts of focused work and short restorative breaks. And use your vacation time. Top performers view time off not as stalled productivity but as…
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Keep Your Project on Track

Process
The most common problem in project management is falling behind schedule. It's difficult to avoid delays, but you can often improve the situation and still complete the project on time. Try one of these three approaches before accepting the inevitability of a hold up: Use the end to recover. Look at the long-term plan. Find places later in the schedule where you can make up for lost time. Narrow the scope. Focus on the true goal. Eliminate nonessential elements to reduce cost and save time. Renegotiate with stakeholders. Explore alternatives. Discuss the possibility of increasing the budget or extending deadlines to keep the project on track.
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Beware Of Network Marketers Selling Retirement

Attitude and Mindset, Communication, Evaluate, Process
Network marketing gets a bad rap. Originally referred to as multi-level marketing, the industry had such a bad reputation that they changed the way they refer to themselves so as to escape the negativity. The bad reputation came from the behavior of some people selling. Whether you call the industry MLM or network marketing, those bad eggs are still out there. One of the quickest way to recognize these bad eggs is they are trying to sell you on your retirement. Good network marketers are trying to sell you on their products or services, because like any good salesperson they believe in what they are selling. Bad network marketers are trying to sell you on selling their product. They don't care about the product, they care about getting you to…
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The Worst Grilled Cheese Recipe Ever

Process
I watched an online video claiming to show the ultimate grilled cheese recipe. As I watched I was amazed at how bad the recipe was. To be fair, there's nothing wrong with the sandwich you get from the recipe. The problem is the recipe itself. At several points in the recipe, it is stated "if you can't find this ingredient use whatever you want." This is terrible for a recipe because you have just given up any idea of what the final product will be like because you have told the cook the ingredients don't matter. I bring this up because a recipe is at its most basic an operations plan. It is the step by step instructions on how to create a specific outcome. Imagine if a manufacturing plant…
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The 2016 Entrepreneur (Part III): Protection In The Sharing Economy

Process
by Charlie Schein Star Schein Insurance Everyone is looking to save or make an extra buck!  That’s ok…after all, who couldn’t use a few extra dollars in the holiday/vacation or weekly grocery fund?  People are turning towards web enabled 3rd party apps to turn their vehicles in to taxis and homes in to an instant Bed and Breakfast.  All this can be done quickly, easily and cheaply using the internet!  Or can it? As an insurance agent, I have concerns.  Not that I mind anyone making extra money…my concern is that personal auto and home owners policies are just that…personal.  Each contain exclusions for commercial enterprises.  When you open your home and car to commercial risk, the insurance company has the right to decline to pay any claims arising from…
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The 2016 Entrepreneur (Part II): The Sharing Economy

General Business, Process
The sharing economy offers entrepreneurs a great way to start making some extra money and dip a toe in the water before going full tilt into a new venture. For those of you who are not familiar with the term, the sharing economy refers to businesses where you are paid to share your car (Uber/Lift), home (Airbnb) or other asset. We'll take a look at Uber as an example here. Start up is simple with these companies and the initial investment can be minimal. You do need to make sure your car or home is up to the company's standards and that you are mentally prepared for having strangers in your car. Remember your fares can include drunks, criminals and out of control teenagers in addition to the business people…
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Don’t Make Resolutions, Make Goals

Attitude and Mindset, Evaluate, Process
It's the start of a new year and everyone is talking about their new year's resolutions. If you want to make a difference in your life, your business, your career, or anything, you're better off forgetting the resolutions this year. Instead make goals and keep making them. Resolutions are generally vague. Losing weight is the most common one. Make a specific goal instead. More importantly, forget these year-long ideas. Make a goal about what you will do this week. Then make a goal of what you will do next week and so on. You don't have to make them all right now. You can set your goals each Sunday night for that week. Why should you this? Making a goal includes a measurable outcome (lose 10 pounds, exercise for 20…
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