Tips for Business Success

This weekend Premier attended their quarterly Regional Leadership Conference in Baltimore Maryland. This conference had a number of great speakers that talked about a number of great topics. One particular speaker talked about four key points to become successful in business. These points pertain to any industry and can be helpful regardless if you are just getting started with your career or if you have years of experience.

Four Tips for Business Success:

1. Rather than focusing on the results, focus on your day to day actions. Your perfect result will be the sum of perfect actions being accomplished consistently. Break up your goal to manageable sizes and then create action plans to attack the small goals.

2. Give yourself checkpoints and take time to acknowledge the success of every checkpoint. You work hard and may not get the recognition that’s deserved. Get in the habit of building up your confidence when a task is completed properly because an increase in confidence equals an increase to your success.

3. Stop comparing your success to others. Success is not a sprint, it’s a marathon. The goal is to complete the race at whatever pace that you can maintain consistently. Be patiently aggressive about your education and your success. It doesn’t matter how quickly or slowly other may achieve success all that we can control is how hard we work and the efforts we put in to our development.

4. Develop a habit of becoming extremely resilient. There is no true success that is achieved with out overcoming adversity. Obstacles should be embraced rather than fear because they allow a person to showcase their efforts in order to accomplish and achieve success. Even with failure to overcome obstacles it will create a learning opportunity for you to develop an area that may natural not be a strength.

 

 

Balancing Your Personal Budget

Balancing Your Personal Budget

With a new year and a fresh start, it’s important to create a budget for yourself in order to tackle the new year head on. We recommend that our team starts by applying the idea of a breakeven analysis to their personal life. By understanding how much you need to be making per week and per month to cover all of your expenses, you can better plan for how much money can be spent on leisure and avoid feeling strapped for cash in 2014. 

We attached the worksheet we use below and also a link to ING’s income needs calculator. Both resources are a great way to take control of your finances and start saving for your future!

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Personal Break Even

It is very important to get a good grasp of your personal finances.  To survive the “tough times” you must be good at saving money.  Most people under-estimate how much the spend. The average American Spends 101% of their earnings.

Monthly Expenses:

Rent:______________

Household Expenses (utilities/gas/cable):___________

Car (payments or lease):__________

Gas, Insurance, and Repairs (for car):__________

Phone (home and cell):___________

Clothing:_____________

Groceries (food, make-up, toiletries):__________

Entertainment (eating out, movies, bars, nightlife):____________

Miscellaneous and incidentals (things you usually don’t budget):____________

Savings:___________

(It is important to look at “savings” as an expense.  Budget it in to your monthly expenses.  It’ll come in handy for rainy days or future investments.)

Payments (outstanding credit card debts or student loans):__________

 

Total Monthly Expenses:________________

 

How much money do I need to earn to pay all my expenses?

 

Formula: (total expenses) divided by 0.75 (assume 25% comes off for tax) = monthly revenue needed

 

Monthly Revenue Needed=_______________________

Weekly Revenue Needed= _______________________

Anchorman 2 Official Trailer

Hey Will Ferrell fans! Here at Premier we’re excited about the release of the new Anchorman Movie. In case you haven’t seen our CareerBuilder ad (Fox Philly recently gave us a shoutout as the Job of the Day–check out the link below), we are big fans of Will Ferrell, and we even list being able to quote him as a criteria for working here (of course we’re kidding, kind of). The movie debuts this week on December 18, we hope you are as enthusiastic as we are.

http://www.myfoxphilly.com/story/22305784/job-of-the-day#

10 Books to Buy on Success and Leadership

If anyone is looking to do some Cyber Monday shopping for themselves or their loved ones but stuck on what to buy, we wanted to help you out by sharing our 10 favorite books on success and leadership (and if you are looking for great deals, Amazon is running amazing sales all day today). 

  1. 50 Success Classics, Tom Butler-Bowdon
  2. Rich Dad, Poor Dad, Robert Kiyosaki
  3. The Serving Leader, John Stahl-Wert
  4. 360 Degree Leader, John C. Maxwell
  5. How to Win Friends and Influence People, Dale Carnegie
  6. 7 Habits of Highly Effective People, Stephen R. Covey
  7. Strengths Finder, Tom Rath
  8. The Heart and the Fist, Eric Greitens
  9. Unstoppable, Anthony Robles
  10. 9 Steps to Financial Freedom, Suze Orman

 

Managing a Team vs. Managing a Task

So this weekend team Premier headed off to the regional leader’s conference in Baltimore, Maryland, which took place at the Hyatt Regency right by the Raven’s stadium (if you are going to the Inner Harbor I would highly recommend this hotel by the way, the glass elevators were very Willy Wonka and the Chocolate Factory). Anyway, we came out with a great team photo and new look on managing your attitude and perspective.

One of the speakers talked about the age old concept that the grass is always greener on the other side, and how when you are in a less than ideal situation the easy move is to quit and go on to something new. However, if you commit to working through it, the grass can be green right underneath of your feet. For any female readers out there–it’s like when you can’t decide what to wear in the morning and you change six times before you end up back in the first outfit–if you had just stuck to the first outfit you could have saved yourself a lot of time and energy (and frustration). Think about the movie the Wizard of Oz. The man behind the curtain was so disappointing to the characters because he seemed like just an average guy and not a wizard at all, but really, the man was a genius. What he did for the Scarecrow, the Tinman, Dorothy and the Lion was teach them invaluable lessons about themselves by putting them in difficult situations and forcing them to work through them to reach their end goal.

What if we could all run our businesses like this? Imagine how much more effective we could be if everyone adopted this mentality of not quitting, working through difficult situations and turning the grass right beneath our feet green. As a manager, you have a choice, and that is to either manage tasks or to manage attitudes. If you are managing tasks, you will get the information you need and get the task at hand done. If you are managing the people who work under you to develop them to work through tasks and make effective decisions themselves, I think you will find that your team will surprise you, and you might surpass the task at hand, or uncover something bigger. Or maybe you will get the same amount done, but you will heighten your team’s engagement by allowing them more responsibility, which could provide you long term benefits like decreased turnover. There is nothing more exciting to me than a business where everyone is working hard and accepting the challenge in front of them in order to help them, and the company, grow. People who choose to develop their perspective and not pigeon hole themselves, so a problem can have multiple answers. That sounds like the kind of place that would make me exciting to come into work every morning. But don’t take my word for it–try managing your team’s perspectives and let me know how it goes.

 

Premier’s Dough Raiser

operation_smile                                                  4608

Premier Innovations Inc. had all of our family and friends gather at Uno Chicago Grill on March 7th, 2013 to raise money for Operation Smile. Operation Smile is an outstanding organization that helps to repair cleft lips, cleft palates and other facial deformities for children around the globe. We would like to thank everyone who attended our event and contributed towards the donation. We raised over $200 with our Dough Raiser function. That is just enough money to assist one child with his/her operation. We would like to give thanks and show tremendous appreciation to Miranda M. for putting this function together. We are now half way toward out goal of $2,500 donated by August.

Keep up the great work Team Premier!!!

For more information on our Operation Smile effort check out our Facebook & Twitter!

www.facebook.com/PremierInnovationsINC

www.twitter.com/PremierPhilly

www.PremierInnovationsInc.com