How a father share 17 camels with his 3 sons? ~ Business Wisdom

14 Feb
camel
A father left 17 camels as an asset for his three sons.
 
When the father passed away, his sons opened up the will.
 
The will of the father stated that the eldest son should get half of 17 camels,
 
The middle son should be given 1/3rd of 17 camels,
 
Youngest son should be given 1/9th of the 17 Camels,
 
As it is not possible to divide 17 into half or 17 by 3 or 17 by 9, the sons started to fight with each other.
 
So, they decided to go to a wise man.
 
What did the wise man do?
 
——————————————————————————
 
 
 
 
 
 
The wise man, after giving this thought, brought one camel of his own and added the same to 17. That increased the total to 18 camels.
 
Now, he started reading the father’s will.
 
So he gave 9 camels
to the eldest son.
 
1/3rd of 18 = 6.
So he gave 6 camels
to the middle son.
 
1/9th of 18 = 2.
So he gave 2 camels
to the youngest son.
 
Now add this up:
9 + 6 + 2 = 17 &
This leaves 1 camel,
which the wise man took back.
 
#MORAL: The attitude of #Negotiation & #ProblemSolving is to find the 18th camel i.e. the #CommonGround. Once a person is able to find the common ground, the issue is resolved. It is difficult at times.
 
However, to reach a #solution, the first step is to believe that there is a solution. If we think that there is no solution, we won’t be able to reach any!
 
A very interesting management lesson
 
#SmallFish
#EntrepeneurMindset
#Leadership
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Vlog 006: Bonus Video 1/2: Validate your Business Mindset before you begin your Business

10 Feb

This is part 1 of the 2 part bonus videos I have created for my online Entrepreneurship Basic Course

In this 4 mins video, I talk about 3 important business mindset you need to get yourself prepared before you begin a business.

#ingenuity #agility #collaborative

Beside the Entrepreneurship Basic course is available, check out the 4-Steps Marketing Formula to Triple Your Business Revenue Course.

You going to like all these materials.

Business Books for 2019 Reading List

15 Jan

list

Looking for some good #BusinessBooks to read in 2019?

Are you’re not sure where to begin.

#SmallFishBusinessCoach has sorted out 5 Business Books that you should be included in your 2019 business books reading list.

#01 – “企”动创业路

14 Jan

smallfish 11.001

“我要创业!我要自己当老板!”、“能够自己出来做自己想要做的事,我这辈子才不会流白!”
笔者常在一些创业大会上,听到很多士气高昂的年轻人对创业的憧憬及期盼,又或者在上班生涯中郁郁不得志的上班族心里所承载的苦闷。
如果你心中真的那么想去创一番事业的话,那笔者给各位一些简单的建议和心理准备。首先,你要随时准备好你的公司随时都会面临倒闭,因为根据我国商业注册局的统计,有80%的公司是生存不到2年的周年庆就倒闭了,另外20%公司里头,有近80%的公司也生存不到5年周年庆就倒闭了。
换言之,只有小部分的公司是“有幸”经营下去的。那么,这些幸存的公司也会一帆风顺的经营下去吗?也未见得,因为时代变迁、市场需求的改变、科技的迅速进步等因素,这些幸存下来的公司,是必须不断求新求变,方能长久经营下去。所以,你只是空想而没有行动是不行的;如果你只有热血而没有部署,也是行不通的。很快地,你就会被市场“打包”退回来了。
因此,想成为一名企业家,你必须拥有正确的思维,包括你的创业使命、你坚持的动力、自我管理,还有打不死的“小强”精神。
我常会问一些创业的朋友或学生:“为什么你会去开始你的这门生意呢?”如果对方的回复,纯粹是为了赚钱,而没有其他更有意义的使命,那么笔者通常都不太要聊下去。因为,如果你是“除了钱还是钱”的思维,就证明你是把利益放在首位的人,没利益的事你绝对不干,这样的公司是我不想辅导或合作的对象,正所谓道不同不相为谋。
一家公司成立的目的不就是为了赚钱吗?错了,公司的使命应该是你有能力以更有效、更好、更有价值的方法,去帮客户解决他们的需求和烦恼,那么你就可在当中为自己创造了商机,再从中获利。因此,赚钱只是你为客户解决了问题后,所得到的“结果”,而不是你的动机和使命。
比方说笔者以讲师的身份去开课,如果我开课的目的只是想赚取你的学费,而不在乎你是否学习到、是否帮助你改变或更上一层楼的话,你会认同这样的讲师吗?因此,不管你是在哪一个行业,不管你是设计师、美容师、花艺师,你的使命都是环绕在客户的需求去塑造的。
接下来,你必须拥有良好的自我管理,第一:管理好你的钱、第二:时间、第三:目标。你是如何善用你的金钱呢?你是否愿意把金钱投资在你自己身上?投资在学习上及人脉上?投资在健康上?
记住,没了健康,什么梦想使命都是假的。你把钱“种”在哪里,就会种出什么样的金钱“果实”。而时间管理和金钱投资都是同样的道理,你把时间投放在什么地方,你就会种出什么样的时间“果实”。所以,少追连续剧、少打电玩,多花时间阅读和上课学习吧!
最后,就是你的目标设定管理。每当你设定目标时,首先是要确定你真正要的结果是什么?目标明确了,其他的就好办了。
很多时候,我们会坠入一个矛盾的状态,就是我们并不十分肯定我们到底要的是什么?如果你正处于这状态则不必太担心,这是正常的。
如果你确定不了自己要的是什么,那么你能否确定你不要的是什么吗?什么事情是你感觉不满的?是什么你想要改变的?那么,你就抓紧这情绪,勇敢地作出适当的改变,不要再原地踏步。很多的灵感、启发会是在你积极的行动中,慢慢地浮现。只要你动了、你改变了,一切都会随之而改变。
最后的最后祝福大家创业成功,你的思维决定你走得多远,认真的去提升你的企业思维吧!

Set the RIGHT Annual Sales Target in 5 minutes

27 Nov

Do you often hear #salespeople complain that their manager or company have no idea on how to set the RIGHT #SalesTarget for the team?

Or as a #entrepreneur#salesmanager yourself, you might also face such a problem, how do you set the RIGHT sales target for the company?

In this video, I’m going to share with you a simple margin strategy that you can learn in 5 minutes.

Download: http://bit.ly/2r6ZDI8

 

 

V004: Segmentize Your Customer into Class ABCD

13 Nov

Not everyone out there would love your products and services, therefore in order not to waste our marketing resources, we first need to identify clearly WHO are our actual Class A customers. In this video, you’re going to learn the customer segmentation of ABCD.

Do subscribe to my channel to receive more business ideas, tips and inspiration.

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Website: http://www.smallfish.com.my

Instagram: https://www.instagram.com/leikhong/

Twitter: @leikhong

Book Review: The Virgin Way: Everything I Know About Leadership

9 Nov

Sir Richard Branson is one of the top entrepreneurs I respect and admire.

One of the wisdom I learn from this book, if you don’t like it, don’t do it. Having a strong passion for the thing you’re going to do only will bring you great joys and experience.

Here are the top 5 things I learn from this book:
– Keep business as simple can it can be: Don’t over complicate the business make it simple and stupid (KISS)
– Be willing to take risks and think different: If you’re going to be same as others, why would a customer choose you over others? Take some risk and be different
– Listen more than you talk: This is one the skills that served Branson really well over the decades, listen to your customers, to the people around you before you start talking.
– Start a note-taking habit: Another great skill that Branson has, you can’t remember everything, write them down on your notes.
– Collaboration is Key: Learn to collaborate and work with others, you don’t have to do everything on your own. Share success with others.

WHY you should STOP Giving a discount to your customer?

7 Nov

Often enough customer will ask a discount from our business and because we want to secure the sales, we would just comply. But do you realise that every time you often a discount, it will cost your business heavily?

Watch this video until the end to understand WHY a discount will cause a huge negative impact on your business and why you should STOP doing it.

Also, if you know someone who offers too many discounts, do them (and me) a favour and send them a link to this video.
Do subscribe to my channel to receive more business ideas, tips and explanation.

#SmallFish
#ProfitMargin
#BreakevenPoint
#StopDiscounting

Is #Motivation a waste of time?

30 Oct
A little boy is resting under a tree, and he noticed there is a fruit on top of him. He stands up and wanted to reach the fruit, but the fruit is too high above. And he starts to jump, trying his best to reach the fruit but again the fruit is too high above.
 
An old man walked by and saw the little boy jumping around to reach the fruit, he then walks near to the little boy and tries to encourage him to reach his goal.
 
He said something like:
“Little boy tries harder you can do it.”
“Stay focus, Yes you can do it.”
“Never give up, I know you can do it.”
 
The old man keeps encouraging the little boy with all kind of motivation phases but did not offer to help or provide a method to guide the little boy. Needless to say, the little boy gave up trying after many failed attempts and turned to the old man and said: “Thanks for the encouragement but the fruit is really too high for me.”
 
Moral of the story:
Motivation is good, it helps people to stay on course and stay focus. But a motivation without some proper guidance is just a waste of time. Many time team members need guidance from their leader on how to do something. The old man could have guided the little boy to use a long stick (tools) to reach the fruit or guided him on how to climb a tree (skills), instead he just purely motivate him.
 
You may argue the little boy should have considered another method of reaching the fruit after a few unsuccessful attempts, but I would argue that should the little boy have known of any other methods his would have done so. Many times we need guidance and ideas from the leader we followed.
 
#YouWanttoFeelGood? or #YouWantResults?
#MotivationWithoutGuidanceIsaWasteOfTime
#StopSendingMeChickenSoupQuoteEveryMorning

Best Design App for the Non-Professional Graphic Designer – Canva.com

27 Oct

Canva.com is one of the most popular and easy to use graphic design app (software) for the non-professional graphic designer.

In this video, Coach Leik Hong is going to show you how you can use this app (software) to your advantages.

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