Training for Your Business' Success

Expert athletes spends hours every day training, and then they spend another hour or two anxious about and working on their nutrition, making sure that they are eating properly to keep themselves in the best condition possible. How many of us as business owners and entrepreneurs spend that kind of thought and effort when we move toward our businesses?

What does it take to set you up to achieve and win? First off it takes making sure that your emotional, mental, and physical needs are taken care of and well met. Too many entrepreneurs get so busy putting in long hours to get the results they need. Many end up compromising their mental and physical ability to really give it their best shot.

Setting clear boundaries to make sure that you show up as your best self will spare you a lot of heartache. Other things that business owners and entrepreneurs can do to train for how their industry works are: to get out of the mindset of instant results, and to avoid looking into the future to probable hurt or dissatisfaction. If you go for the quick fix over and over again, you will not be achieving the long-term outcomes that you want or need.

How do you avoid this?

One of the best ways to set yourself up for long-term success is to change your thinking from, "What can I do to get a better outcome for this short moment?" to, "What can I do to become a master of this part of the business?". If you start with one place and work on it until you have become a master at it, you can predict what will happen and when you've worked the kinks out. Then you are ready to move on to the next area in your business. When you operate this way, not only are you setting yourself up for the long term, you are training yourself to be a master in every part of your business. Functioning as a master in the enrollment, product fulfillment, retaining, etc., would save you headaches in the long run and will eventually get your profits to the point where you don't have to work so hard because you have implemented strong, successful structures.

To put yourself up for success in business requires vision that sees long-term and a willingness to dive deeply into every part of your business, and to work hard until it just sings.

Source : By Lisa J. Peck,About the Author:

I have been helping entrepreneurs and business owners grow their business and balance the needs of home for over 18 years. Discover how to Grow Your Business on Your Own Terms. Your Own Terms.

Differentiating Bids and Tenders from One Another

People are often confused about the difference between bids and tenders. They are two distinctive elements, in fact; some folks state that tenders fall under bids since they're vital documents that secure the bids.

Basically, a bid is the presentation of how much a business would like to charge for a project to be carried out and a tender, by contrast, is basically the write-up that reflects how the project will be accomplished according to the project standards given by the clients. They perform hand in hand in persuading the clients that a specific business can get the project completed in a fashion which fits their liking.

Essentially, a bid is backed up by a tender document...this is the easiest way of distinguishing bids and tenders. Currently, however, people easily interchange these two terms due to the general nature of how bids and tenders are done.

The bid for important contracts typically comes in three forms; an IFB or an Invitation for Bid, an RFP or Request for Proposal and the RFQ or Request for Quote. The IFB is a contract commonly known as the Sealed Bid, which is a complete bid package containing all of the basic specifications of the contract or project. For this, there's no more room for negotiation as its attributes already are fixed. The RFP, however, is a flexible contract; there may be adjustments with regards to the certain standards as well as the pricing; this is a more flexible contract for bidders. Lastly, the RFQ offers bidders the opportunity to ask for certain specifics about the project, like the cost; it's not a binding document, which naturally signifies that it is also flexible. Every bid package comes with a typical budget range but this may differ according to how high-profile the project is or the location where the project will be accomplished. In the United States, $100,000.00 is the standard range but in other places, the range may be so much higher or lower.

A tender in comparison is either open or closed. An open tender means that any group can participate if they can create a tender document that is compliant to the requirements of the project. Open tender is commonly promoted in daily periodicals. For a closed or limited tender, only invited organizations get to bid for the contracts or projects. Generally, the invited agencies are the ones which have already proven themselves in the industry that the project falls under.

By Annika Reyes,About the Author:

Learn more about bids and tenders.