Business Development, Business Growth, Corporations, Entrepreneurship, Leadership, Startups

4 ways to ScaleUp your Business From Startup mode.

As your organization becomes a more complex organism, you’ll find that your team can no longer fit at one table. At this point, you need to play a more sophisticated game. If team members are chaotically chasing each business challenge, or even worse, you, the CEO, are kicking the ball into the goal and making every decision, you’re still playing toddler game. This is bad for your team, and your business will suffer.

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As CEO, it’s your job to get off the field and start coaching your team on how to play a less chaotic version of the game: any team sport, when played well is a beautiful metaphor for building a functional team and scaling your business.

1. Start defining the function of roles.

Your early-stage team was likely comprised of people who like to do “a little bit of everything,” which means they probably won’t enjoy giving up responsibilities. But if you don’t start asking employees to narrow their focus, scaling will become pretty much impossible. Whether it’s turning your “marketing person” into an entire team with specialized roles, or restructuring your organization so employees can divvy up responsibilities in a more effective way, functionalist roles can be a painful process. You might even have a few employees leave because of the changes you make.

But this is a crucial part of building a big, well-oiled scale-up. And keep in mind, this doesn’t mean that employees can’t be creative or take on big, ambitious projects. You should still encourage big risks and creativity — just make sure they keep spending a majority of time on functional priorities.

2. Find amazing coaches to guide your team.

Hiring good managers is one the best things you do for your business as you scale. I know many founders and startup employees think  “management” is a bad word, but look at it this way: managers are the people who take care of the dirty work — metrics, quotas, reports, systems, processes — and empower your team to take on the big, interesting challenges. With effective managers in place, your engineers, marketers, and other employees can spend more time doing cool stuff, and less time worried about all the little things that have to get done to keep your business running.

After hitting around 25 employees, I suggest moving toward an 80/20 workforce: 80 percent DO-ers and 20 percent coaches. You probably won’t have a tough time finding great doers (hopefully you’ve already hired a lot of them), but finding great coaches can be a challenge. At minimum, great coaches need to lead, inspire and be above the minor quibbles and BS that can happen as your company grows.

3. Prepare your new players for success.

You can’t expect people to “hit the ground running” and just “get it done” if you don’t have a clear on-boarding process. Most startups neglect on-boarding for far too long, but all eventually hit a point where new employees don’t just “get it.” The time has come to make a concerted effort to set your new hires up for success.

You should invest a few days (or even a full week) getting people acquainted with all the different aspects of your business. At BiZion Group, we give people a crash course in entrepreneurship, because this is what we teach.At SynerMedia, we give people a crash course in Marketing, because this is what we Do. Everyone on your team should, at minimum, understand what your business is doing, who you’re up against and why you think you’ll win. Every single person on your team should be able to give an effective elevator pitch.

4. Take care of your team, both on and off the field.

Do you have systems in place to support the health and well-being of your employees? I’m talking a 401(k), “SelfDirect” generous paternity and maternity leave and other perks that companies should provide once they’ve left scrappy startup territory. Making this a priority will keep morale high, encourage vital employees to stick with you and make it easier to bring in critical, high-level hires in the future. It’s just the right thing to do.

This is a general overview of some of the things to keep in mind as you transition into scale-up mode, but there are tons of other tough issues that will pop up as you grow: Do you need a CFO? How should you set up your team? What are the appropriate compensation plans for the sales team, engineering team, etc.? When should you get involved in what’s happening across the company? Seek support from other entrepreneurs and your advisors to help answer the big questions that pop up.

Going from a startup to a scale-up means big and sometimes uncomfortable changes, but these growing pains are all part of the fun of taking your business to the next level. Start by Outsourcing a team and learn how to scale up work with a outsourcing team.

Good luck!

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Business Coaching, Business Development, Business Growth, Business Incubation, Business Innovation, Business Intelligence, Business Technology, Cloud Business Continuity, Cloud Computing, Corporations, Leadership, Marketing, Marketing Strategy, Team Building, Virtualization

Invitación a una Nueva Comunidad de Profesionales

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Si bien es cierto que este tipo de comunidades son, relativamente nuevas, también es verdad que nuestra nueva comunidad de profesionales, es de ingenieros y administradores de Tecnología, será una excelente “plataforma de lanzamiento” para usted, que es un innovador y emprendedor de Cloud.

Usted podrá contar con las ya imprescindibles condiciones de un modelo, a manera de mixtura, que combina lo tradicional, con un DataCenter alterno de proveedores y con nubes privadas, entre otros aspectos. Todo ello, para potencializar, al máximo, las cargas de trabajo que jalonan su empresa/negocio hacia un alto nivel de competitividad, lo que se traduce en un mayor rendimiento económico.

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Permítale a su empresa y, de paso, a usted mismo y sus empleados, conectarse con una comunidad que les brindará la posibilidad exclusiva de conocer a otros profesionales y empresas de la industria, para que, también, ustedes adquieran reconocimiento en la misma, como expertos.

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Business Coaching, Business Growth, Corporations, Entrepreneurship, Fitness, Leadership, Mastermind2020, Strategic Planning, Team Building

The 30 Daily Habits of a CEO Responsible for Success

Getting to the top involves doing the right things, day after day.  
Any CEO running a profitable company has figured a few things out. One of many habits to have in common is consistency. 

Here is my 30 habits 

1. Try one new thing each day.
“Every day, I force myself to do something that is out of my comfort zone.

2. Don’t do bad days. Running a company is really hard, and every day is different, but having a bad day is a choice.”

3. Stay informed about what’s trending.

“I spend an hour or two every day keeping up with tech news on Twitter. It’s not good to obsess over what other people are doing, but staying informed is certainly important.”

4. Accept invitations to as many meetings and events as possible.

“You never know who you will meet or the advice you’ll receive.”

5. Experiment constantly.

“I’m always trying new things and changing how I work. As we’ve grown from a small team to a bigger team, my businesses has changed pretty significantly, and by experimenting with new habits and processes regularly, I am always discovering better ways to run my team that make sense as we grow.”

6. Fight brain blocks with building blocks.

“There are footballs, golf balls, softballs, chessboards, Legos–everything a curious kid could dream of–covering our office space. Whenever I’m stuck on an idea, I play a quick game of catch or build a Lego house to give my brain a breather. Then it’s back to the drawing board. I encourage my team to do the same thing, too. Just like any muscle, your brain needs a recovery session after a tough workout.”

7. Never be afraid to email someone who is “too big.”

“Most people are accommodating and open, as long as you are clear about your needs and what you have to offer.”

8. Make punctuality a priority.

“I strive to be on time for every appointment, every day, without exception. This may seem like a no-brainer in the business world, but you would be surprised how many people still don’t make this a priority. It’s mind-boggling. If a leader is consistently late, it tells others that he or she is unreliable or has no respect for the time of the individuals he or she works with. If he or she is on time, the opposite is true.”

9. Never ask somebody to do something you wouldn’t do yourself.

“No matter how exciting your company or the problems that you are solving are, there will always be day-to-day tasks that are simply boring. Showing that you are willing to roll up your sleeves when the going gets tough will be a positive example for your team. You will be amazed at how this reverberates.”

10. Watch YouTube to learn from other great leaders.
“I spend time at the end of every night watching interviews, speeches, and panels of other leaders I admire. Through a bit of YouTube stalking, I’ve gotten great lessons on culture from Brian Chesky, brand building from Neil Blumenthal, and leadership from Esther Dyson.”

11. Exercise and meditate.

“Transcendental meditation for 20 minutes in the morning and 20 minutes in the evening is the perfect complement to daily exercise, whether it’s a trip to the gym or a run on the beach. Since I’ve started this routine, I’ve found my mental clarity and focus have increased enormously.”

12. Listen to self-improvement books in the car.

“I spend about 90 minutes running and 20mins driving to have a meeting each day. I can spend that time listening to music, but I choose to spend it listening to business books and self-improvement books. Over the last two and a half years, I have listened to nearly 45 audiobooks. These books have given me incredible insight into how to run my businesses and sharpen my skills. I can listen to a new book in a few days, versus reading a book, which would take me at least a month or two, if not longer, but always create the time.”

13. Start each day with an infectious positive attitude.

“I wake up and start every day with one initial thought: being thankful for the abundance in my life–family, friends, company, and more. Nothing good ever comes easy. Hard work and dedication always pays off. Starting every day with a strong, positive thought is the best way to kickoff each day. I believe that a positive mindset is key to overcoming all obstacles, and I radiate this to my team. Just as negativity is infectious–think: one rotten apple at the bottom of a barrel ultimately will ruin them all–so is positivity. Choose to be positive. Be mindful of your attitude and how it affects others.”

14. Make time for everyone on your team, no matter where they are.

“We are based in the U.S., but also have teams and customers on the ground in Asia, Central America, South America, and Europe. Connecting with them every day is incredibly important for staying connected to that part of the business, making sure they know they’re valued and getting things done. It’s a big time commitment, and sometimes it feels like we have multiple jobs–in the morning in Europe, during the day in the Americas, and at night when the Asia teams are busy. But in the end, it’s always worth it to be available and have live discussions when they matter the most.”

15. Make the most of drive time.

“I like to schedule some of my most important calls during my morning drive to the gym or to the beach. While it can be frustrating at times to have a long commute, not to mention often getting stuck in traffic, find this time very useful for scheduling calls that are uninterrupted. It also allows you to accomplish a lot more for the day when You get into the office, knowing these important conversations have already taken place and You can focus on other matters.”

16. Make every meeting the second meeting.

“Always have papers before a meeting, read them, and never just do a page-turn. That way, every meeting is really the second meeting.”

17. Find your inner yogi.

“Yoga has helped in so many areas of my life. It forces me to unplug from whatever issue I’m dealing with, spend time as a student, and focus on being present in the moment. I can walk into a studio anywhere in the world and get centered in no time. Early in my career, I would have rolled my eyes reading some executive profess how being on a yoga mat makes them good at business. But I have found a regular practice makes me a better leader, and keeps me sharp mentally and physically.”

18. Surround yourself with people whose skills complement your own.

“As a leader, it’s easy to feel like you need to know or do it all, but you will never be the best at everything. A mentor of mine once told me to focus on my strengths and team up with talented people for the rest. The old saying of ‘it takes a village’ is true in so many parts of life, and embracing it makes you a stronger, healthier person.”

19. Walk before bed.

“Every evening I take a 30-minute walk alone without music. It clears my head, calms me down from the daily activities of running multiple startups, and allows me to get proper perspective and clarity about priorities. Most importantly, I sleep like a baby. I learned the importance of this 15 years ago, after reading a biography of Harry Truman, who had to deal with being the president at the end of WWII.”

20. Make time in your life for fiction.

“It emboldens your imagination, gives your mind respite, and arms you with tactics on creating motivating, inspiring messaging. Don’t be afraid to take time out to free your mind from the strictures of reality.”

21. Focus on nutrition and appreciation.

“I have been having the same breakfast of a protein shake with healthy fats, a fresh pressed juice full of vegetables, and a fat burner for as long as I can remember. While I press the juice, I recite the three things I am most appreciative of that morning. Thinking on the things that are most important in my life helps me take down the kale and beet juice with a smile.”

22. Leave your work out of the bedroom.

“Your bedroom should be a sanctuary. Leave the TV, electronics, and work outside. By creating a work-free zone, you can reduce stress levels and, in turn, make the working time far more efficient…and most importantly, you will appreciate your partner, so does she.”

23. Use pictorial language to help people “see” the future.

“When describing the future, you can’t use facts and figures. You don’t have statistics to prove your points. You must largely rely on your imagination. And to convincingly bring your audience into the future, you must unlock their imaginations, helping them envision a different world. We all know, ‘a picture is worth a thousand words.’ So it shouldn’t be a surprise that images, and visual language such as metaphors and analogies, are of vital importance in bridging the gap between the cerebral and the imaginative.”
24. Exercise every day.

“I’ve exercised–whether it be lifting or running–religiously for the past 20 years of my life, and it has played a critical role in my daily attitude, work potential, and outlook on life.”

25. Don’t panic and don’t run.

“Teams look to their leaders to set the tone for how the business is operated. I ensure I establish and create a sense of urgency, while balancing it with control of key situations. I make time to speak with frustrated customers and meet with unhappy employees to stay close to the issues my team navigates on a daily basis. From these interchanges, I am able to learn more than I ever could learn from all the things that go according to plan.”

26. Use the 70/30 approach to professional life.

“Cultivate good judgment by learning to be comfortable making 100 percent of a decision with 70 percent of the data. This approach forces you to weigh what is really important and to understand the remainder of the data isn’t worth the time it takes to collect. Over time, you will make more good decisions and will accomplish more than the less confident and more risk averse. You will also be more competitive because you will accomplish more. Target being right 70 percent of the time with everything you do. Any extra time you spend on being right means you will miss opportunities, both personally and professionally.”

27. Make lists.

“In addition to making a list of the top three things I must get done each day, I make a list of the three things that must be achieved each month and each week to ensure the company is staying on track.”

28. encourage questions.

“Provide opportunity for at least one employee every day to ask you questions about whatever they have on their mind. It is very important to make employees feel like no question is out of limits. Q&A sessions with regular cadence make it easy for anyone in the organization to ask me questions. It is often these sessions that help me get the pulse of the company. It also becomes a forum for sharing ideas and discovering new ways of thinking or solving problems. But it’s extremely important that these opportunities to ask questions are presented in all sorts of settings–large groups, small groups, one-on-ones, and a mix of formal and casual settings.”

29. Talk to at least one customer every day.

“It’s by far the most efficient and productive way to gather feedback on [the company] and to understand the business more deeply. My company is nothing without its users, and the information I receive from customers is hugely influential on how we conduct business and shape our plans for the future.”

30. Start your day with a clean inbox.

“In order to start the day completely organized, I get up at 6 a.m. and get to inbox zero. Anything that can be answered with a short note or delegated to a team lead, I get out of the way immediately. Other items I prioritize for later sit down email blocks or meetings later in the day. This way, I can be truly focused during morning meetings.”

Learn more about MasterMind2020.com and Bizon Group 

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Business Growth, Business Incubation, Corporations, Entrepreneurship

Why Miami is Worth Moving to If You Want to Launch a Business 

MiamiShared.com 
Looking to launch your next venture in a business-friendly climate? If you’re lucky enough to live near one of the following communities, you’re in luck. If not, consider whether a move will give your business the best odds possible of succeeding.
In business — as in real estate — it’s all about location, location, location. Despite the rise in remote-work arrangements, this sentiment holds true even if you don’t have a physical store. Where you put your headquarters can affect your ability to hire, as well as determine the business partners and investors you have easy access to.

Miami is a very diverse population that makes this southern city a great place to launch a startup. There are also several business incubators located in the city, giving you access to the resources you need to grow at a rate you can afford.

There are great events, such as the annual Startup Weekend Miami, where entrepreneurs can form their ideas into companies and hear talks from seasoned business founders like BIZION GROUP and communities Mastermind2020.com

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Angel Investor, Business Growth, Business Loans, Corporations, Investments, Private lending, Strength Training, Venture Capital

Something about Passive Income

Earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not actively involved. As with non-passive income, passive income is usually taxable; however it is often treated differently by the Internal Revenue Service (IRS).

INVESTOPEDIA EXPLAINS ‘PASSIVE INCOME’
There are three main categories of income: active income, passive income and portfolio income. Passive income does not include earnings from wages or active business participation, nor does it include income from dividends, interest or capital gains. For tax purposes, it is important to note that losses in passive income generally cannot offset active or portfolio income.

It is important to note that, by some, portfolio income is considered passive income; in which case dividends and interest would be considered passive. The important definition is the one the IRS uses, and to be sure your taxes are filed correctly, it would be prudent to check with the IRS or a tax professional on this matter if you have a blend of active, passive, and portfolio income.

See more about How to generate massive passive income with private lending http://www.AHRcapital.com

Learn to Invest

To Learn more about Private Lending and use this as a great vehicle for Passive Income go to AHR Capital Group http://www.AHRcapital.com

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