Strategy Choices and Long Term Plans

Ask ten business people what strategy is, and most will give the same answer: Strategy is a long-term plan. My undergraduate students give a similar reply on the first day of my strategic management class. Besides, many folks use the word to inflate the importance of their activities. One business executive bragged, “I am excited because after one year we finished working on our five-year strategic plan.” Though difficult, we did it. His strategic plan was an end-a goal. He presented it to his board of directors and then moved to another major project. That’s not understanding strategy and strategic management.

Strategy is About Choices

I learned strategy as a teenager in college when I learned to play chess. Soon I discovered chess is a strategy game. Each person starts with a goal to capture the other person’s king. Each must understand the value and role of individual chess pieces, particularly how each moves. The pawn advances one space, the knight in an inverted L-shape, the bishopdiagonally to as many consecutively open spaces as available, while the queen goes in every direction to any sequentially available space.

You cannot play chess haphazardly; stay focused on your goal. Before each move, ponder how the other player might respond, and consider a likely counter. When the opponent moves unexpectedly, revisit your overall approach.

What’s the strategy in chess? It’s your choices to achieve your goal to beat your competition. That’s strategy in a nutshell–choices to get to your goals. And strategy is not static, but dynamic. Once you decide your overall approach (strategy) to capture your opponent’s king, if she plays an unanticipated move, review your strategy and adjust as needed. Never choose a game-plan to checkmate the king and follow it blindly, change as needed. Learn the opponent’s patterns (past) and use it (present) to develop your overall approach (future). Likewise, never do a “strategic plan” and file it. Update it to show current available choices to meet the mission of the business.

Strategy and Negative Choices

I learned three valuable lessons about strategy during my 32-years business career. First, strategy allows you to commit resources optimally. Second, whenever you commit resources to one area, you deny other areas those resources. This is crucial to keep in mind. Although obvious, sometimes we do not spend enough time looking at this negative choice.

The third noteworthy lesson is some choices will not turn out as expected and will be impossible to reverse in the short to medium term. When this happens, if you made a mistake, admit it, look at available choices early, and understand this is part of the strategic journey. You will not get every decision right. Strategy is not static, but dynamic.

Michel A. Bell is an author of six books, speaker, founder and president of Managing God’s Money, adjunct professor of business administration at Briercrest College and Seminary, and former senior business executive. For information on living a debt free lifestyle, visit

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Discovering Your Life’s Purpose

Lately, many of the clients that have made their way to me are in search of uncovering their passion and in search of figuring out their life’s purpose.

And while there isn’t a magic bullet to help you figure out why you are here and what you are meant to do, it can be hugely satisfying to finally figure out how to live your life on purpose, in alignment with your goals, dreams and values.

In the work I do with my clients, that’s the journey I take them on. I take them through a journey of self discovery, curiosity and exploration. Together, using many tools and processes I assist them in uncovering their passion and their purpose. And once they have a clear vision, we work on an action plan to align them and move them in the direction of their goals and dreams.

One of the many ways to help you self discover your own life’s purpose is to read books. Here, I’ve identified some of my favorite books on the topic:

1. The Life You Were Born to Live (A Guide to Finding Your Life Purpose) by Dan Millman

I love this book. This book will appeal to pragmatic as well as woowoo types. I think Deepak Chopra’s assessment of the book sums it up best: “The Life-Purpose System as expressed in Dan Millman’s book is absolutely amazing in its predictive value. It will help you sort out the conflicts in your life and guide you on the path of fulfillment.”

2. The Passion Test (The Effortless Path to Discovering Your Destiny) by Janet Bray Attwood & Chris Attwood

This is a simple and easy to follow book to help guide you through a process and series of exercises to assist you in uncovering your passion and what fulfills you in life.

3. You Can Heal Your Life by Louise Hay

This book is my go-to book for self help and healing. I believe you can’t achieve and manifest your goals and dreams unless you’ve eliminated the self limitations and roadblocks in your way. This book will help you identify what’s in your way and assist you in setting clearer intentions for what you want instead.

4. The Artist’s Way (A Spiritual Path to Higher Creativity) by Julia Cameron

Sometimes you need to see things from a different perspective. The Artist’s Way will inspire you and allow you to think outside the box with numerous exercises and activities to get you creative in your thinking and your approach. If you participate in the journey this book takes you on, you will gain greater clarity.

5. The Road Less Travelled, Timeless Edition: A New Psychology of Love, Traditional Values and Spiritual Growth by M. Scott Peck M.D.

This book takes you deeper into self reflection. “The Road” is meant not as a destiny but as a unending journey of spiritual growth.

While some people are very clear about their passion and purpose, others can wander most of their lives looking for greater fulfillment. If you find yourself wandering, wondering “is this as good as it gets?” Perhaps now is the time to make time for some inner work. If you need some guidance and coaching to assist you on your quest and journey, I’m here to help.

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The Right To Be Wealthy

The aim of person is get pleasure from a fulfilled and successful life. A life filled with abundance, joy and fulfillment of purpose. Next to nothing wrong in wanting to win money and living a more abundant life which of course is abnormal for a man to not ask for more abundant life. 
To achieve this lifetime of fulfillment, man most constantly of work to be unravel means (money) needed for letting it to arrived at fruition. Man qualities your ideas, soul and body, hence cannot appears to be fulfilled that they can be constantly denying our brain, soul, or body. For fulfillment it certainly doesn’t need to be attained, the brain, soul and body must be satisfied which is why are able to be possible anytime one has enough outgoings to fulfill the necessities of your world, soul and body. Man’s right to life means his power to experience the free and unrestricted help of whenever possible which correspondingly means his skill to get anything he wants without financial restriction. No man can give the impression completely fulfilled or happy without with the ability to acquire whatever they want when they need it, hence it is critical it certainly doesn’t need to be wealthy to be fulfilled and successful.

It is crucial for man to do you know the science appearing rich as this is able to equip him considering the required knowledge to utilize the errors vital for him to becoming what he wants to be.

Some business to cultivate, there may be dependence on the company management to maintain aspiring and visualizing the length and girth they need the company to increase in the context of a given period. Everyone knows that business growth doesn’t happen overnight; required lots of planning, hardwork and above all, finance. Hence, a company can certainly be deemed successful if its revenues are soaring, profits are hitting all-time highs and employees are well compensated with large paychecks and bonuses. If an owner of a business is constantly making losses, it cannot be said to be successful and it will eventually go bankrupt. So for business organisation it doesn’t need to be known as successful, the law states that it is matured make high profits constantly enjoyable is shown it really does not have to be growing. To get this done, it’s worthwhile to learn how to commence a business how to become rich. The management of the corporate will need to have a grasp whenever there is a serious science remaining rich by leveraging on beneath your guidance vital for their growth. So that, our view level of human capital, technology and innovation.

You will have our hang ups about money ultimately, but creating wealth in your world does not come with to commence a home of greed. Success is roughly becoming going to work it really does not have to be and to allow significantly as do that, money plays a part. Creating wealth and abundance for you permits you to fully embrace your potential. As a person, the science remaining rich will inspire you the ideal you’ll be able to be. There is no an opportunity to accept less to you to feel happiness and live a fulfilled life.

Need a little bit visual? Take heed to Dave Allen Siever’s video that let it should be noted that you can be rich by leaving the Science of Getting Rich. Drop by this video have an understanding of how you can achieve success to own and get yourself anything you want!

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How to Choose the Right “Mentor” for Yourself

Article, books and experiments can be great teachers but mentors can help you identify business pitfalls and nothing can ever replace the advice of someone who works your way through the challenges you will encounter on your journey. It is good to learn from your mistakes but it is better to have a guide that will teach you to avoid committing mistakes. Choosing a right mentor can help you grow both personally and professionally. But before placing your trust in someone, it is must to consider following factors-

Have you determined your needs?

The first and foremost step is to assess your needs and requirements. What skill you wish to learn and where do you see yourself down 1 year down the line? Same mentor can not support you for your life. The mentor who is guiding you today may not have the essential skills to help you 5 years from now. Analyze your current development needs and enrich them.

Do they have relevant experience?

Internet is full of self-proclaimed experts. Some of them have immaculate personality with impressive communication skills, which makes it hard to identify the right mentor for you. Check out the track record of success they have achieved in the task they took up. They should have relevant experience to help you overcome the obstacles you encounter. Apart from being knowledgeable, they should have practice experience in the field. Do your mentor has qualities such as honesty, empathy, great communication skills, lateral thinking and lifelong dedication to learning. Weigh mentor’s strengths and weaknesses. Are they ready to complement with your style or clash with it? Your selected mentor should have achieved the goals you aim to achieve. If you can admire that person for his achievement and industry experience then it is thumbs up!

Are they following what they preach?

Differentiate between a true expert and a false prophet by working on this important factor. Are they walking the talk? You should choose a mentor who has already been there where you see yourself down the line. Be cautious of wannabe experts. Make sure you mentor has a rock-solid experience and a man of his words.

Is the mentor a good listener?

Mentor knows all the answers that does not mean he should spoon-feed to you. Instead they should give you a chance to come forward and work on your skills under his kind guidance. A great mentor has strong listening skills and he does not turn away your ideas and vision. You are looking for someone who can tell you when is the right time and he should let you let you scrape your knees sometimes to face failures.

Does he agree to mentor you?

Once you have figured out whom you want your mentor to be, its time to reach out to them without any hesitation. Most of the mentors are on social media and they are easily approachable. Tell them why you have chosen him and what are your expectations?

Before giving a green signal, it is crucial to ask these above questions and get reasonable answers to all of them.

Reshali Balasubramaniam Head of HR, HR Counselor and adviser at Do you offer a Service? Signup for an account at

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What Is The Difference Between Investment Management And Wealth Management?

Investment management and wealth management – it is easy to be confused by these terms, especially since they are often misrepresented. What do they really mean, what are the key differences, and which might be best for you?

What is wealth management?

Wealth management looks at an individual’s finances as a whole and how they can be managed to achieve their long-term financial and personal goals. In addition to handling clients’ investments, wealth management encompasses a wide set of services, such as legal planning, insurance, accounting, and financial, charitable giving, and tax advice.

There are higher minimum asset thresholds, and one can expect to pay higher fees for the more comprehensive service. Although a good manager could justify this through the savings their service provides.

Advantages of wealth management

As wealth managers offer many of the services of an investment manager, their clients gain the same benefits. However, the additional services on offer mean that wealth management can provide further advantages.

Coherent Strategy

As wealth management looks at all aspects of clients’ financial affairs, it aims to provide a custom-made strategy to realise their objectives. For example, by combining different services, a wealth manager can find the best path to paying off a mortgage or planning for retirement, whilst avoiding tax inefficiencies or undue risk.

This holistic approach attempts to understand and predict how different areas of an individual’s finances interact and organise them appropriately.


A wealth manager can provide a single focal point for all financial matters. Rather than having a wide assortment of advisors, a wealth manager may replace the need for a separate financial planner or investment manager, for example.

Their breadth of knowledge also means that they can act as a guide for those less familiar with the practices and technical language that often surrounds financial services.

What is investment management?

The primary role of the investment manager is to advise on, organise and grow clients’ investments.

After discussing a client’s financial goals and acceptable risk levels, an investment manager assembles a portfolio of investments appropriate to their requirements. They then will keep clients updated on the state of their portfolio, offering recommendations and implementing changes.

Advantages of investment management

Investment management services sometimes require a minimum investment and come with a fee – generally a small percentage of the assets under management. However, they can offer numerous benefits.

Reduced Risk

With an investment manager constructing a diverse portfolio, assets are less vulnerable to fluctuations in individual investments. With hundreds of smaller investments likely spread across different industries and asset classes, if one performs poorly, others are likely to compensate.


If the client desires, they can acquire a wide range of investments with the minimum effort, making it ideal for time-poor individuals. As the paperwork and day-to-day running is taken care of, much of the stress of investing is removed.

Higher Returns

One of the biggest advantage is that you can gain the knowledge of the professionals. The best investment managers often have a wealth of experience and worldwide networks which can help them spot the best opportunities and reach better results.

Investment managers also have abilities that most individual investors do not. For example, they can increase their buying strength by pooling together several clients’ assets, with each benefiting from the greater yields.

Which is best for you?

Which service is most suitable will largely depend on your net worth and the type of assistance you require. Whilst a wealth manager offers more services than an investment manager, it is generally only available, or necessary, for the most affluent clients, with the wealthiest even receiving fee discounts.

Therefore, if you simply wish to see your investments grow, without the difficulty and risk of handling it yourself, gaining the services of an experienced investment manager could prove fruitful. However, for those with a higher net worth and a complex financial situation, the comprehensive methods of wealth management may be the best solution.

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What Are The Main Problems For Affiliate Marketers?

What’s at stake for affiliate marketers is the ability to work for themselves, quit their jobs and earn, potentially, a huge amount of money. But this all doesn’t come easily. There’s a few problems which present themselves to affiliates who are serious about making a full-time living from the internet.

One of the first of these is knowing who to trust. There’s many so-called get rich quick schemes, which surprisingly enough, don’t get you rich quick. Quite the contrary, they quickly remove your cash. The programs which offer quick riches don’t last long. But they’re a good source of income for their owners!

The next problems you’ll definitely face if you’re starting an internet business using affiliate marketing is that of belief. All your friends and family are likely to discredit it as an impossible dream. There a couple of reasons why they’ll do this. One is that most people shun a new idea like the plague. The other is that, if it’s possible to earn money from the internet, they face the possible repercussions of not having taken any action. Facing the fact that they would also have to do something if it were true, is not so easy.

Most people would rather complain about their own situation, rather than taking action, even if they are not happy. The general consensus is that you need to work in a job in order to be a relevant member of society. Swimming against the tide can be tiring too. If your friends and family aren’t behind you, it’s even more difficult, even if they don’t actually say anything outright, there’s a subtle dissuasion tactic going on and they may secretly hope you’ll fail. Then they can be right in the end!

If all this isn’t enough to dissuade your from building your own internet business, there’s the technical aspect of building a legitimate online business. This requires patience and trust. If you don’t have both of these, you’ll probably give up too early. You can’t expect to suddenly be making money based on a little work. It takes time and effort. You don’t ‘deserve’ anything in terms of results until you’ve actually earned it! So an entitlement attitude can work against you. This is especially true if you’re coming from an employee mindset.

If you’ve been an employee, but not a business owner, it’s difficult to change your focus from that of a ‘worker bee’. Workers in a job role get paid no matter what they accomplish. Owners of a business get nothing unless they can make it work. It’s a performance related pay, rather than a monthly wage.

Shiny object syndrome was another barrier to my success in the early days too. There’s so many courses offering instant results out there, why would you stick with something which takes time? Because it’s more genuine than the shiny new one which promises but never delivers!

I jumped around many times from course to course, following to the letter the instructions to build an income online. Time after time I was disappointed. I got accounts shut down, my results dropped off Google, my products didn’t sell and I wanted to throw my laptop through the window on countless occasions.

These are just a few of the problems you’ll face as an affiliate marketer. Depending on the route you take, you might also be limited by funds too. I found many cheaper courses back when I had huge debt and not a penny to my name. I concentrated on free tactics. They were much slower than paid advertising and I was always frustrated by my results. If I had found a good mentor back then, I would have saved a whole heap of time.

Not knowing which direction to paddle as an affiliate marketer is probably the biggest challenge. I must had paddled in the wrong direction for years. I tried everything. Over time though, and if you stick with it for long enough, you’ll start seeing some results. They won’t be huge, but they are the light at the end of the tunnel.

Watch out for the results. One you see them, you can back track to what you did to achieve them. Then, concentrate on those activities and drop the others which produce nothing.

It’s a long road to affiliate marketing success. I haven’t arrived yet but I’m much further along than I was. Finding the right people and training is probably the best tip I can give. Without the right direction, you are aimless as an affiliate and you’ll probably give up, thinking that ‘it’ doesn’t work.

But with the right attitude, direction and guidance, you can make affiliate marketing work for you and create a full-time income from it. Keep focusing on your “why?”

My “why” kept me going through all the problems I found in my journey as an affiliate marketer. Nowhere else can you earn the kind of money affiliates earn and have a lifestyle which you can choose. But it definitely isn’t easy. If you’re looking for the ‘quick buck’, I wouldn’t bother with affiliate marketing!

But it can work if you do and if you’re prepared to trust the process and keep going for the duration. Good luck!

Tim Halloran is a stuntman, martial artist and online entrepreneur. To learn how to build your own online business see his site here:

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Always Be in Money Making Mode!

Every day you should be doing something to make money. Making money can become a habit, just like not making money. It is important that you cultivate and develop the money-making mindset.

If you have an email list send them valuable and information information on a regular basis. If you are creating content to get links back to your website, create it every day. Do something – an article, a press release, a video, a blog post or comment. Do it every day.

Do something every day to bring in money. Get obsessed and addicted to making money. Put your focus on making money, not TV and other non money making time wasters. Making money absolutely must become your new lifestyle.

If you truly want to be successful and make your living online it is time to sacrifice your normal time that’s dedicated to other things, and shift that time and focus to creating cash flow.

Start with where you are right now, start with the knowledge you have right now. Start with the resources and assets you have right now. Don’t wait until you know it all because you never will!

Your income is going to come from how much product/service you sell. You have to change your focus and how you use your time.

Full time marketers (or those who want to be full time marketers) focus their time and attention on “making money”… they focus on selling stuff. It’s not rocket science my friends.

Too many distributors spend their time on making changes to their website, changes that will have little effect on sales. Don’t get caught up in this. Stop worrying about making your store ‘pretty’ and trying to get everything perfect because you never will! I don’t care if you have only one product or 200 products… spend your time promoting what you have!

Focus on those things that will make you money like driving traffic to your website, building your list and selling to your list.

At the end of each day always ask yourself “What did I do today to make more money from my store?” Whether small or large always do something daily to make money. That is the reason you have your store, to make money.

If your store is to satisfy your Ego or impress others kill it right now and find a regular job!

Do whatever you can to get visitors to sign up on your list. Give your list members valuable and informative free stuff like written articles and reports, videos about your niche and videos on using your products, surveys… anything that bonds them to you. You give people FREE and valuable helpful information and they will reciprocate by giving your orders.

Your long term GOLDEN GOOSE to making you tons of money online is building a huge email/newsletter list and making them loyal followers and then SELLING to them!

Like I said, it’s not rocket science people, it’s plain and simple BUSINESS! Now go and let making money dominate your thoughts 24 hours a day, 7 days a week, and 365 days a year!

Godspeed… CoachDoug

For more free training…

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