2016 | Teik Oh

Five Steps to Establish your Startup

Mar 22 2016

Have you just commenced a startup business? That is, a brand new business rather than one you inherited or bought; a business you started from scratch using your craft or from a new idea, or a business based on a product you invented?

To a large extent, all startups of any kind of business in any kind of industry are the same. They have one, or at most, 2 key individuals with the idea and the drive, full of enthusiasm and energy, probably not many staff if at all, and most of them family and friends. Typically, you would have shuffled together some (but not enough!) working capital, leased new premises and bought new equipment. The sense of newness is exciting and the startup begins breaking through walls.

In time, it finds its market and settles down. The passion and excitement may still be there but there is no longer a sense of newness, things start to feel normal and the days are spent doing pretty regular things.

If you have survived this phase, typically over the first year, celebrate!

But don’t get settled because most startups close their doors within 2 years, mainly because after the gains at startup, they fail to establish a sustainable business.

So, if you are in that position, what do you need to do to establish your startup? Read More

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How to prioritise your time

Mar 15 2016

Do you find that time gets away from you? Of course you do, we all do.

It’s funny that the only one thing in our lives that you can neither lose nor get more of seems so scarce for some and so plentiful for others. Everyone has a 24 hour day, yet some people seem to get things done while others “run out of time”!

One of the causes is the infamous to-do list. If yours is as long as mine, you know you need a system to get it in order.

But seriously, if you look at your to-do list closely, I wonder how many items there are actually expectations on your time by others? On the flip side, I wonder how many of the hundreds of items on your list are things that will truly make you happy, really move you closer to your goals in life and business?

Well, it’s time to get your to-do list in order.

The system is to look at each item and ask how important it really is? How urgent is it? This video provides you with the training to apply a system to get the time that you have in line with where you want to go.

So what do you think? Get over to my website teikoh.com and comment on the training.

No matter how overwhelmed you are, taking a few minutes each day to ask if something is important or urgent gives you control back over your own life.

For more tips, traps, ideas and downloadable free content, go to teikoh.com. While you are there subscribe, or subscribe here, to get these valuable ideas delivered directly to your inbox for free.

See you soon!

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Sell Your Expertise

Mar 08 2016

I am an expert in my field.

Sounds a bit confident eh?

Well, yes, and I am confident in my ability because I know that I have learned my craft in nearly 40 years of working; learned from university and formal learning, from experience, from failing, from succeeding, and I know, again from experience, that what I do to help businesses work because those businesses succeed.

How do I use my expertise? I sell my expertise and its fun because I get paid for doing something I love. If you are an “expert” you can become more valuable in your job, or add value to your business, or stride out and make a career change.

How can you use your expertise? Believe me you are an expert in something because you too have learning and experience behind you. But how do you become an “expert” or more to the point how do you become perceived as an expert so that you can create value with your expertise? Read More

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Some basic numbers you need to know about your business

Mar 01 2016

I have provided my followers with loads of free ideas and tools about how to create great strategy in your business, how to develop your leadership skills, and how to grow your business and your life.

But despite all the planning and marketing – being in business boils down to one thing: making sure that you make a profit that’s good enough to meet your goals.

So, here’s a training video on financial management.

Stop right there! Do not click on the “delete” button!

This is important. You cannot subcontract knowledge about your financial performance to an accountant. You have the skin in the game, and it is your duty to your better future that you know something about the numbers that tell you about how your business is performing. It’s not just about the net profit, or how much money is in your pocket.

If you want to grow your business, you need to know the relationships behind your income statement and your balance sheet.

This 20 minute training video introduces you to some key numbers – sure, you don’t have to keep your own books to get those numbers, but you do need to understand what they mean.

Watch out for some free gifts to subscribers of teikoh.com coming out soon. One of them will be about financial performance management.

Get over to the website for more great stuff worth thousands of dollars available to you for free. While you’re there, subscribe so that you don’t miss upcoming articles (and free gifts available only to subscribers) or subscribe here.

See you soon!

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Want to be an Entrepreneur? Here’s 5 Characteristics You Need

Feb 23 2016

So you want to be an entrepreneur?

Even if you think you are thinking conservatively, and you don’t really want to be an “entrepreneur” because all you really want to do is to be in business for yourself, the reasons people become entrepreneurs are the same as why people start their own business (conservatively).

If you leave aside some of the bad connotations of entrepreneurs such as huge egos and taking on enormous risk as they fly high, they share the same reasons as everyone else who want to start their own business.

They want to be independent and work for themselves (“can’t stand working for someone telling me what to do”), they are far too creative for their jobs (“they don’t listen to all my great ideas”), they are great salespeople (“I can sell ice to an Eskimo, why am I selling their stuff?”), they are impatient and confident (“they always ask for a detailed study when I know it will work”), they are experienced (“I’ve learned a lot from the school of hard knocks”).

Whether you are an entrepreneur or simply a “small business startup” is merely the language you use to describe your motivation.

So let’s call everyone entrepreneurs – of different degrees – and look at what you need to have inside you to survive and thrive. Read More

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Archive - 2016

Get FREE weekly ideas to grow your business

Five Steps to Establish your Startup

How to prioritise your time

Sell Your Expertise

Some basic numbers you need to know about your business

Want to be an Entrepreneur? Here’s 5 Characteristics You Need