If you’ve got an extra $1000 burning a whole in your back pocket and you are looking for a great place to invest it, you might want to consider having a closer look at these 5 successful Australian businesses who are doing exceptionally well despite the economic downturn.

Hey Caveman! Not everything is about YOU!

It has been over 50,000 since human beings lived in caves. All those years  ago, life was pretty much about survival – each morning our ancestors would  emerge from their caves and scan the horizon for imminent danger. Although  things have changed a lot in our external environment in the last few thousand  years, in many ways, the wiring in our brains has not. In fact, 90% of what you  and I do on a day to day basis is still based on that ancient wiring and  survival mentality and it is precisely this legacy that needs to be re-directed  to prevent self sabotage from holding you back, personally and  professionally.

You see our brains are wired to spot and avoid danger.  It is because of these primitive instincts that we all have a tendency toward self sabotage.

Even though the danger may not be “life or death”, we see this dynamic play  out in our work environments almost every day. For every daring and outlandish  new idea that is proposed by one hopeful soul, there will be a long list of  skeptical colleagues who are willing to offer 20 reasons why the idea might fail  or cause harm.  This sabotages innovation and progress.

So, how does this play out exactly?

We seem to have a biological urge to save people from themselves – this may  take the form of overtly belittling the person with the idea, tearing the  proposal to shreds, refusing to examine or consider the suggestion seriously or  creating an environment where it is unsafe to brainstorm or take risks. Instead  of fostering initiative and exploring options, the focus is immediately shifted  to put up protective roadblocks and creative stop signs (i.e. sabotage).

Does any of this sound familiar?

Either the voice in your own head that says “you cannot do it” or the guy who  sits two cubicles away and has a knack for tearing everyone else’s ideas to  shreds… yet he can never seem to come up with an innovative or original  solution of his own. In our vigour to ensure that new ideas are properly vetted  and scrutinized, our ancient and hard-wired brain response to scan for danger  and protect ourselves, is effectively killing innovation. This automatic reaction needs to be identified and consciously overridden in order to ensure  that we (as individuals and organizations) start generating novel and  constructive solutions to problems.

3 Tips to Avoid Sabotage and Foster Innovation

1.Eliminate “But” – Instead of searching for looking for defects or pointing  out why something won’t work, focus on how you can add to the discussion or  process. When you (or someone else) conceives of a concept or strategy, resist  the urge to say “yes, but that will never work because”. By substituting the  word “and”, it will allow you to constructively add to or expand upon the idea  rather that stopping the creative process dead in its tracks. This slight change  in words and focus will exponentially impact creativity and reduce sabotage.

2.Don’t mix right and left – Creativity and innovation are often associated  with predominately “right” brain thinking. While critiquing and evaluation are  often considered the domain of the “left” brain. It is difficult (particularly  in a group dynamic) to generate momentum around creativity and imagination while  simultaneously attempting to evaluate and examine each idea. Even the most adept  and flexible brain will struggle to shift gears back and forth. In order to  create the best environment for each and get the best results, it is preferable  to schedule a separate time for brainstorming and appraisal.

3.Put away your club, caveman – It takes approximately one second, from the  time you physically react to something in your environment that generates a  strong emotion, to when your conscious mind kicks in and you start to think  things through. When generating new ideas and searching for innovative  solutions, resist the urge to club suggestions to death. Take a deep breath and  think things through before commenting verbally. Consider using a trained  facilitator for group sessions – this will keep everyone accountable and provide  an objective perspective if the atmosphere becomes in conducive to  advancement.

I once heard a senior manager chastise someone in front of 14 colleagues for  suggesting an idea that seemed [to him] preposterous and impractical. You could  have heard a pin drop in that room and it pretty much shut down the  communication for the rest of the meeting. Nothing got solved and everyone left  deflated. In one foul blow that manager essentially killed any hope of  brainstorming a viable solution. At the end of the day, every problem has a  solution. The key is to harness and re-direct the infinite potential within your  own mind (and the collective mind of the team) to find the inspiration that will  produce the desired result.

Are you wearing a kick me sign?

As a business owner, I’ll bet you’re incredibly busy and find that there never seems to be enough hours in the day to complete all your work.

Have you ever noticed that some of your everyday activities are just deeply ingrained habits – driving your car, putting on your watch, brushing your teeth or taking a shower? You wouldn’t dream of not doing them, they are part of your routine and they just seem to happen automatically. In your business you also have habits such as checking your website, opening the mail, reading emails, grabbing a coffee and glancing at your diary. You do them without conscious “thought” and they seem to fill up hours in your day…

But what about all the actions you need to take in order to build a more profitable and efficient business? Like following up with your best customers, asking for referrals, strategic planning and goal setting to grow your business? When do you do these activities? Do they often get relegated to “tomorrow” or “sometime soon”?

If you’ve ever spent your day stuck in back to back meetings, answering routine questions from your team, responding to emails, helping other people, doing paperwork or tidying your office – you already know that these are “make busy” activities, and they will keep you trapped where you already are – just simply maintaining, not growing your business. By filling your days with these tasks, you sabotage yourself by avoiding the very activities that you know will really move your business forward and produce tangible results.

Your “make busy” work or habits create the magnificent illusion that you are hard at work, simply because you feel “flat out” and your day is full of tasks. Let’s be honest, you would actually rather do anything than face the activities you know would radically accelerate your business success NOW! In fact, you often get to the end of the day and say to yourself “It’s OK, I was really busy, I’ll just get to that marketing plan tomorrow.” Or “I just couldn’t find the time today to make that seminar on leadership or customer loyalty.”

If you are waiting for the right or best time to do these critical activities in your business, it will simply never come! There will always be other “busy work” to fill all of your available time. You need to find a way to make your business building activities an ingrained habit too, if you want to grow your bottom line and live the lifestyle of your dreams.

Do you relate to or identify with any of these common habits that you use to sabotage yourself?

1. Perfectionism – this tactic is insidious. It often immobilizes us from making a decision, starting a project or activity and signing off on a piece of important work. Most tasks don’t have to be 100% perfect, they just need to be good enough. The other way that this can show up is when you deceive yourself into believing that no-one else can do the job (even simple routine tasks) to your exacting standard, so you must do it ALL yourself. Follow the 80/20 rule, delegate what you do not have to do yourself and give yourself permission to be human!

2. Refusing to Let Go of The Past – Have you ever heard yourself say “last time I tried that, it didn’t work”? Or have you ever simply avoided doing something that you know you should or need to do but were afraid to do because “last time it didn’t work out the way you wanted it to”? Even though it’s a good idea to stop doing what clearly doesn’t work, it’s important to remember that the past does not necessarily equal the future. If you catch yourself finding reasons from the past to justify why you are not moving ahead toward your compelling future, stop NOW and take a good hard look at whether these are just cleverly disguised ways that you sabotage yourself.

3. Lack of Accountability – who is holding you accountable to the decisions you make and the actions you take in your own company? Isn’t that why you went into business for yourself in the first place – so that you could be the boss and do things your way? Find someone outside your business – a coach, mentor or trusted advisor that can act as a sounding board and hold you accountable to staying on track.  It will help you avoid all the ways you sabotage yourself.

4. Lack of vision, planning and specificity – if you don’t know where you are going, how will you know when you get there? Enough said. If you don’t have a 90 day, 1 year and 3 year business plan, you need to make this your number one priority in your business. Set a weekend aside and find a place where you will not be disturbed by anyone or anything. Set down your goals clearly and succinctly – get clear about the specifics (who, what, where, when and why) and set realistic deadlines for completion. Goals need to be written down in detail to allow your mind – which is a goal seeking mechanism – to do its magic.

5. Lack of focus – stay focused on the important task you are currently working on and only allow yourself to be diverted by real emergencies.  Getting hijacked by everyone else’s emergencies is one of the worst ways that you sabotage yourself.

6. Fear of Financials – you cannot have a truly successful business if you don’t know your numbers. Not knowing your numbers has already cost you time and money. Find someone who can explain your financials to you in plain English – learn the key drivers and indexes in your business (such as break even, productivity ratios, inventory turns, gross profit margins etc.) and track them daily.

7. No USP – the greatest product or service in the world will not sell if you have not clearly defined why someone should buy from you instead of your competitors. “Build it and they will come is a fallacy.” If you have not yet figured out what is unique about your product or service and found a compelling and cost effective way to communicate it in everything you do, you are literally flushing your marketing budget down the toilette.

8. No Testing and Measuring – this is the most-often overlooked way that you sabotage yourself. The simple act of testing and measuring everything in your business…and I mean everything…will save you thousands of dollars this year. No matter what “it” is, if you haven’t tested and measured “it”, you don’t really know if “it” works. And until you know if it works, you don’t have a reliable, predictable business that will run without out.

Unfortunately, there are no quick fixes. As you already know or suspect, some of the most common forms of self-sabotage are habits because they are deeply ingrained behaviours that take time to establish or eliminate. In the 1960’s a highly regarded plastic surgeon, Dr. Maxwell Maltz discovered that it took 21 days for amputees to cease feeling phantom sensations in their amputated limb. From further observations and significant research he established that it takes 21 days to create a new habit.

Brain circuits take engrams (which are essentially “memory traces”) and produce neuroconnections and neuropathways only if they are bombarded for 21 days in a row. This means that our brain does not accept new data or information for a change of habit unless  it is repeated each day (without fail) for at least 21 days. Changing habits (whether positive or negative) can be done but it takes time and consistent effort.  This is the only reliable way that exists for you to remove all bad habits which allow you to sabotage yourself.

Do yourself a favour and identify today which form of self-sabotage is the primary one that is holding you back from having the business and lifestyle of your dreams. Make a plan on paper – specific decisions and actions that you can take to move forward in this aspect every single day for the next month. It is imperative to track your progress each day and I highly recommend finding an objective person outside of your business to hold you accountable to your plan, actions and results.

Article Source: http://EzineArticles.com/1784556

Knowing exactly where you stand financially – i.e. your cash position – means that you don’t have to wonder “do I have enough money to cover my rent and wages this month?”  The health and vitality of your business are dependent upon your ability to cover all tax obligations, payments to suppliers and operational expenses as they come due in your business.

Unfortunately, knowing where you stand is not as simple as looking at your bank balance or your net profit.  Your bank account merely shows your cash on hand but it will never tell you what your cash flow is or (more importantly) HOW to improve it.

Cash and cash flow are not the same thing.  Cash flow is about the movement of cash in and out of your business as it operates over a period of time.

This distinction is crucial to your success – if your company is profitable on paper yet it maintains a negative cash flow for an extended period of time, eventually it will go under.

But what does this mean for you and your business?

Essentially it means that, “cash flow is King”.  You cannot afford to run your business by simply printing and looking at your Income or Profit and Loss statement each month. Being able to calculate and monitor your cash flow position regularly is critical to your company’s health and survival.  You can have the most brilliant product or service but if you don’t have positive cash flow, your business will eventually go under.

If you want to learn more about this topic “Finding the Point in business” – improving both your profitability and cash flow, I recommend that you check out Chapter 1 of Financial Foreplay®.

More important than originality or intrigue, is the ability for a writer to help us experience the world in new and meaningful ways. Far beyond the obvious – the power of words to make you hear, to make you feel, to make you see—and above all to make you dream. Words hold the power to define and eradicate boundaries – both physical and mental.

Twitter has the potential to separate the literary men (and women) from the mice! Where else can you say so little or so much with 140 mere characters?

I would advocate that if you can master the following Twitter secrets, you will have learned all that there is to become a better, faster, more concise, compelling and articulate writer.

Keep it Simple

Tweeting forces each of us to think and write simply. With only 140 characters available, it is imperative to get to the point and be succinct.

Know When Enough is Enough

Ninety-eight percent of communication is knowing what to say AND what not to say. Enough said.

Be Relevant

Pay attention to what is newsworthy and topical. Be prepared to break new ground and have a unique or controversial opinion. In particular, watching the current trends (and items which are hash tagged) will allow you to put your finger on the pulse of public opinion and shed new light and insight on hot topics.

Get To The Point…the Entire Point NOW!

With Twitter, you have no choice but to start and finish your thought(s) in one short sentence. This necessity will enable you to focus your mind, idea and words in every aspect of your writing – articles, blogs, books etc.

I sometimes wonder what the great literary geniuses – Hemingway, Shakespeare, Wordsworth, Frost, Austen and Chaucer – would have thought of Twitter? I doubt they would have bothered to bore us with the details of their everyday movements online and I have no doubt their true genius and literary prowess would have shone through and put us all to shame – in 140 characters or less.

Article Source: http://EzineArticles.com/3232558