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	<title>Prosper Strategic Finance, LLC &#187; Networking</title>
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	<link>http://pros-per.com</link>
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		<title>Judgments</title>
		<link>http://pros-per.com/480/judgments/</link>
		<comments>http://pros-per.com/480/judgments/#comments</comments>
		<pubDate>Thu, 27 May 2010 20:02:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Networking]]></category>

		<guid isPermaLink="false">http://pros-per.com/?p=480</guid>
		<description><![CDATA[A few months ago my business coach asked me to make a list of strategic business partners. I used my contact database to evaluate who I knew in my local area that could be a good referral source for my business as well as my ability to refer business back to them. The criteria I [...]]]></description>
			<content:encoded><![CDATA[<p>A few months ago my business coach asked me to make a list of strategic business partners. I used my contact database to evaluate who I knew in my local area that could be a good referral source for my business as well as my ability to refer business back to them. The criteria I used was based on the type of service they provide along with my perception of their professionalism and quality of work. I suspect we all do this during the process of referrals. </p>
<p>Our impression of someone is not always right. Sometimes we make judgments about people before we really get a chance to know them. Sometimes we might even change our perception of someone based on either a really good or really bad experience either directly or indirectly. </p>
<p>The other day I offered to make an introduction between two people, I&#8217;ll call them Bob and Sally. Sally discounted the possibility of a quality business relationship with Bob. Sally gave me a list of reasons of why Bob wouldn&#8217;t be a valuable referral for her without knowing anything about Bob or his business. Bob happens to be the type of professional that Sally targets for strategic business relationships. I shared with Bob that I was going to introduce him to Sally and how she discounted him without knowing anything about him or his client base. Bob laughed and stated that he could send her more business than she would probably ever send him. Sally made a huge networking mistake. </p>
<p>From my point of view, it never hurts to have a cup of coffee or a short phone conversation to see if there is synergy between two businesses. You might find that the person/business is not a good fit, but at least you took the time to find out. Or you could determine the two businesses are perfectly aligned to create a strategic relationship. Sometimes it is not a matter of who you know, but who knows you. In Sally&#8217;s case, Bob doesn&#8217;t know her and therefore will never send her any business. Too bad for Sally. Don&#8217;t be a Sally.</p>
        <p><center>Thank you for subscribing to the Prosper Strategic Finance blog!<br /><br />
You can also grab your own free copy of my <a href="http://www.pros-per.com/subscriber-content/businessplan_outline.doc"> Business Plan Outline</a>.</center></p>      ]]></content:encoded>
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		<slash:comments>2</slash:comments>
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		<title>Everyone Wins!</title>
		<link>http://pros-per.com/448/everyone-wins/</link>
		<comments>http://pros-per.com/448/everyone-wins/#comments</comments>
		<pubDate>Thu, 13 May 2010 13:28:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Networking]]></category>
		<category><![CDATA[Work/Life]]></category>

		<guid isPermaLink="false">http://pros-per.com/?p=448</guid>
		<description><![CDATA[A friend of mine wrote a booked called: Everyone Wins! Playing the Game of Conflict Resolution In All Your Relationships. I&#8217;m embarrassed to say that I&#8217;ve had his book sitting on my bookshelf for a while now. I just finished reading Good to Great and was looking for another business book to read. Many times [...]]]></description>
			<content:encoded><![CDATA[<p>A friend of mine wrote a booked called: <em>Everyone Wins! Playing the Game of Conflict Resolution In All Your Relationships</em>. I&#8217;m embarrassed to say that I&#8217;ve had his book sitting on my bookshelf for a while now. I just finished reading <em>Good to Great</em> and was looking for another business book to read. Many times I had passed over <em>Everyone Wins!</em>, but for some reason I decided to give it a try. </p>
<p>This book is a MUST read. I am not saying this because I know the man who wrote it. It is full of great advice, stories and exercises. Yes, exercises. If you have any type of conflict in your life, business or personal, you need to get a copy of this book. </p>
<p>As Larry mentions at the very beginning of the book you need to read it with an open mind. If you are going to resolve any conflicts you are currently experiencing, you will need to be flexible and willing to change. Otherwise, you&#8217;ll continue to remain in conflict with the person you are trying to get along with.</p>
<p>Chapter 2 is titled &#8220;Give Up Your Need to be Right, Not Your Needs.&#8221; When I was a teenager, still in high school and soon to graduate I decided that I was going to stop fighting with my Step-dad, who I call Dad. We would argue about anything and everything. We both needed to be right. Not knowing how to resolve this conflict, I just decided to give up the need to be right. Whenever I noticed my Dad and I getting into a debate I would stop arguing. I didn&#8217;t tell him I thought he was right, but I didn&#8217;t tell him I thought he was wrong. Our relationship started to change. We didn&#8217;t fight anymore and our relationship is very positive now. I wanted to get along with my Dad, not fight with him. My need was about getting along, not about being right. </p>
<p>I have used a similar approach in other relationships and it works. As do the many other concepts in Larry&#8217;s book. Check it out for yourself, visit <a href="http://www.larrybarkan.com/Training_and_Development/Books.html" target="_blank">Larry Barkan&#8217;s website</a>.</p>
        <p><center>Thank you for subscribing to the Prosper Strategic Finance blog!<br /><br />
You can also grab your own free copy of my <a href="http://www.pros-per.com/subscriber-content/businessplan_outline.doc"> Business Plan Outline</a>.</center></p>      ]]></content:encoded>
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		<item>
		<title>Admitting Mistakes</title>
		<link>http://pros-per.com/435/admitting-mistakes/</link>
		<comments>http://pros-per.com/435/admitting-mistakes/#comments</comments>
		<pubDate>Wed, 28 Apr 2010 21:30:39 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Networking]]></category>
		<category><![CDATA[Work/Life]]></category>

		<guid isPermaLink="false">http://pros-per.com/?p=435</guid>
		<description><![CDATA[So here I sit debating whether or not I should resend my Monthly Minute newsletter after noticing 2 spelling errors. I used spell check, but missed these two words somehow. Oh well. I&#8217;m not perfect. Do I risk offending my subscribers by sending them a &#8220;corrected&#8221; version or just hope that most of them don&#8217;t [...]]]></description>
			<content:encoded><![CDATA[<p>So here I sit debating whether or not I should resend my Monthly Minute newsletter after noticing 2 spelling errors. I used spell check, but missed these two words somehow. Oh well. I&#8217;m not perfect. Do I risk offending my subscribers by sending them a &#8220;corrected&#8221; version or just hope that most of them don&#8217;t notice or don&#8217;t care? I&#8217;m happy to admit I made a mistake, but I&#8217;m not sure doing so will matter.</p>
<p>This got me thinking. How often do managers or business owners or coaches or parents admit they are wrong or made a mistake? What is the risk of admitting fault as compared to not doing so? While it most likely will depend on the situation and the people involved, it is generally a good rule to at least acknowledge the truth.</p>
<p>I have found that honesty is the best policy. When I first started teaching I was hesitant to admit I had made a mistake for fear that my students would think I didn&#8217;t know the material or question my fairness in grading. However, I found students are very forgiving when you admit you made a mistake, most of the time. They tend to trust and respect me more for admitting my error(s). I find this to be true with clients too. </p>
<p>I haven&#8217;t always been quick to admit fault. But it is so freeing to do so. In the workplace it improves your relationship with your staff. Consider two options. The first is to pretend like you didn&#8217;t make the mistake and place blame on someone else, probably your staff. When you do this you create conflict &#8211; conflict that could have been avoided. Now your staff doesn&#8217;t trust you, they don&#8217;t believe you know your stuff, and they are resentful that you blamed them. The second option is to admit your mistake. Your staff won&#8217;t resent you and they will probably develop a greater trust toward you. They know that we all make mistakes so it is unlikely they will start to doubt your abilities, unless you make BIG mistakes a lot. </p>
<p>Try it and see if it works. Maybe try it at home before taking the plunge at the office. You might just find your personal relationships start to improve too. Good luck.</p>
        <p><center>Thank you for subscribing to the Prosper Strategic Finance blog!<br /><br />
You can also grab your own free copy of my <a href="http://www.pros-per.com/subscriber-content/businessplan_outline.doc"> Business Plan Outline</a>.</center></p>      ]]></content:encoded>
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		<item>
		<title>Quality Connections</title>
		<link>http://pros-per.com/260/quality-connections/</link>
		<comments>http://pros-per.com/260/quality-connections/#comments</comments>
		<pubDate>Fri, 11 Dec 2009 05:17:01 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Networking]]></category>
		<category><![CDATA[Work/Life]]></category>

		<guid isPermaLink="false">http://pros-per.com/?p=260</guid>
		<description><![CDATA[Today I had lunch with a gentleman that I had met about six years ago in a professional networking group. He was shy and timid when I first met him, but very competent in his field. Today, that same man is no longer shy and timid. He is very sure of where he belongs and [...]]]></description>
			<content:encoded><![CDATA[<p>Today I had lunch with a gentleman that I had met about six years ago in a professional networking group. He was shy and timid when I first met him, but very competent in his field. Today, that same man is no longer shy and timid. He is very sure of where he belongs and where he wants to be. It was great talking to him and watching his face light up as he discussed how much he enjoys his career, the people he works with, and the flexibility he has to service his clients the way he thinks is best. </p>
<p>We connected in a way I never expected; we both have had children with major medical issues. Unfortunately, his child is on multiple medications and may have to be for the rest of his life. We discussed the challenges of being a parent, of being a small business owner, and relationships too. </p>
<p>I find that when I share my story &#8211; the infertility, the premature birth of my daughters, marital struggles, etc. that other people can often relate, even if it is not exactly the same issue, and they open up in a way you would never expect. However, you have to be cautious. Since I have known this person for so long I was comfortable telling him some of my life struggles &#8212; and the conversation lead us down this path when he asked me about my book <em>Tiny Toes</em>&#8230; In the end, he could relate and sent me some information that I am going to be able to share with women and couples who are not in my professional network, but in my personal network.</p>
<p>I left the meeting with a totally different perspective than the one I walked into the restaurant with. While I knew that we would have a lot to talk about since it had been such a long time since we had seen each other, I was pleasantly surprised that our lunch wasn&#8217;t all business. When you have something in common with someone, whether it is a life story or your favorite vacation spot, it makes referring business to each other so much easier. </p>
        <p><center>Thank you for subscribing to the Prosper Strategic Finance blog!<br /><br />
You can also grab your own free copy of my <a href="http://www.pros-per.com/subscriber-content/businessplan_outline.doc"> Business Plan Outline</a>.</center></p>      ]]></content:encoded>
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		<title>Create A Mastermind Group</title>
		<link>http://pros-per.com/160/create-a-mastermind-group/</link>
		<comments>http://pros-per.com/160/create-a-mastermind-group/#comments</comments>
		<pubDate>Tue, 06 Oct 2009 12:04:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Entrepreneurship]]></category>
		<category><![CDATA[Goals]]></category>
		<category><![CDATA[Networking]]></category>

		<guid isPermaLink="false">http://pros-per.com/?p=160</guid>
		<description><![CDATA[About nine months ago I created a Mastermind group. Even though I have a business coach, I wanted to be held accountable by someone in addition to my coach &#8211; it is too easy to tell one person you did not reach your goal, but harder to tell two or more people the same! Also, [...]]]></description>
			<content:encoded><![CDATA[<p>About nine months ago I created a Mastermind group. Even though I have a business coach, I wanted to be held accountable by someone in addition to my coach &#8211; it is too easy to tell one person you did not reach your goal, but harder to tell two or more people the same! Also, I wanted advice and input from others who did not wear a coaching hat. Keep in mind, just like any group, a mastermind may experience some not-so-fun issues; however, these should be rare if you have a cohesive group.   </p>
<p>So, why create a mastermind? It&#8217;s more than accountability and advice. There is a sense of something bigger when you have other like minded business owners gathering to help each other. You no longer feel like you are in your business all alone. You give and get advice on marketing strategies, personnel issues, administrative matters and more. </p>
<p>My group meets two times per month via conference call. It is convenient and each call is filled with action and motivation. One of the other women in my group worked with me to create our purpose. Here are a few of the key bullet points that describe our mastermind. </p>
<ul>
<li>Offer each other advice and support for the challenges presented </li>
<li>Build relationships with each other so that we are comfortable providing leads or introducing members to possible business partners</li>
<li>Offer third party objective insight on ways to reach our stated goals </li>
<li>Hold each other accountable for taking action</li>
<li>Offer a safe environment to express our business successes and concerns</li>
</ul>
<p>Make a short list of a few business professionals that you respect. Contact them and ask if they would like to participate in a mastermind group with you. Your group should meet at least two times per month. A mastermind works just as well via conference call as in-person (and saves travel time too).</p>
        <p><center>Thank you for subscribing to the Prosper Strategic Finance blog!<br /><br />
You can also grab your own free copy of my <a href="http://www.pros-per.com/subscriber-content/businessplan_outline.doc"> Business Plan Outline</a>.</center></p>      ]]></content:encoded>
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		<item>
		<title>Networking</title>
		<link>http://pros-per.com/92/networking/</link>
		<comments>http://pros-per.com/92/networking/#comments</comments>
		<pubDate>Tue, 11 Aug 2009 21:41:16 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Networking]]></category>

		<guid isPermaLink="false">http://pros-per.com/?p=92</guid>
		<description><![CDATA[About 6 years ago I met two gentlemen at a networking event. It was one of my first events as a new business owner and I was nervous. I didn&#8217;t know what to say or even how to approach people. It was intimidating walking up to a group already in the middle of a discussion. [...]]]></description>
			<content:encoded><![CDATA[<p>About 6 years ago I met two gentlemen at a networking event. It was one of my first events as a new business owner and I was nervous. I didn&#8217;t know what to say or even how to approach people. It was intimidating walking up to a group already in the middle of a discussion. Yet, somehow I found my way to Bill and Bob (not their real names). Bill and Bob had a connection as their businesses were complimentary to each other. When they asked me what I did they both wanted to know more. </p>
<p>Bill hired me for a few projects and has been gracious at providing testimonials. Since our initial meeting Bill purchased a failing business, built it up to a multimillion dollar venture and then sold it. He has a few projects under his belt at the moment. I&#8217;ve asked Bill to be a panelist for my Business Planning Capstone at Keller Graduate School of Management and he has always stepped up to help.</p>
<p>When Bill called me a few weeks ago looking for assistance, I jumped at the chance to help him. I made an introduction for him at one organization I am associated with and he set the ball rolling. It appears that the referral is going to result in a win-win for both companies. We are in the process of setting up an introduction for Bill at another organization. This one will be a little tougher, but Bill is grateful for the opportunity to have a conversation anyway. </p>
<p>This is just one of the many examples of how networking works. I&#8217;ve been on both the receiving and giving side. Networking is a lot like volunteering, the more you are able to help others, the better you feel about yourself. It&#8217;s not about receiving the referrals, but about giving the referrals. Good things come back to those who give. </p>
        <p><center>Thank you for subscribing to the Prosper Strategic Finance blog!<br /><br />
You can also grab your own free copy of my <a href="http://www.pros-per.com/subscriber-content/businessplan_outline.doc"> Business Plan Outline</a>.</center></p>      ]]></content:encoded>
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