White House Marketing Compares Marathons to Startups

Here at White House Marketing, we know that running a marathon takes incredible stamina and determi-nation. The same things are required to grow a successful startup, and we’d like to examine the other ways that startup life is like running a marathon.

One similarity between these pursuits is the importance of preparation. If you’re preparing to run a mara-thon, you must watch your diet carefully and adhere to a strict training regimen. You have to prepare yourself with equal dedication if you’re planning to start your own business, because you need to deter-mine whether you have the right people on your team and how you will differentiate from your competi-tion.

You need a lot of patience to run a 26.2-mile race, and you also have to pace yourself if you want to achieve lasting success as an entrepreneur. New companies need the flexibility to adapt, grow, and thrive, because their leaders certainly don’t have all the answers at the beginning. We at White House Marketing suggest taking things one step at a time when building a business. You can’t run mile 26 until you run the previous 25, and you can’t reach your ultimate goals until you achieve the preliminary ones.

Our team at White House Marketing understands how difficult it is to be patient while growing your busi-ness. We encourage you to think like a marathon runner and pace yourself as you pursue your ambitions.

White House Marketing Explains How to Make Millions – by 30

These days, many people finish their higher education indebted with school loans and unsure where they’re going. It’s understandable, then, that the idea of becoming a millionaire by age 30 seems highly unlikely. Nonetheless, we at White House Marketing know that there are ways for this to become a reality.

Considering the economic environment, you’ll need to start by trying to raise your income incrementally. Follow where the money is at currently; this will help you to find lucrative opportunities. While you’re at it, avoid indulgences. Stay away from fancy gadgets and other luxuries – those will come in due time.

Also, saving money is fine but investing it is better. Money really does make money. Ideally, you should earn more from your investments than from your actual work. Your debt can even make you money if you manage it appropriately. For instance, borrow for a reliable vehicle if you need to it sustain a well-paying job. Don’t acquire a credit card just because you feel like it.

Finally, our team members at White House Marketing have learned that making wealth a priority is the only way to earn it. This means outworking others and refusing to settle for mediocrity. Set the bar high for yourself; don’t put your goal at $1 million, aim for $10 million instead.

When those millions start rolling in, be sure to help others get to the top as well. Otherwise, it will get quite lonely up there by yourself and all that money won’t be nearly as much fun!

White House Marketing Shares Effective Networking Tips

It isn’t what you know, it’s who you know. Many have heard this old saying, and it’s true that your contacts are extremely valuable. As such, the ability to network well is a necessary skill for all aspiring business professionals. We at White House Marketing contend that it involves a lot more than simply exchanging business cards. Here are some useful techniques:

Get Involved: You can’t expand your network just by sitting in your office. You’ll need to engage with others, and be open to sharing experiences with them and learning from them. Present yourself to others and show them your vision. Help them understand you.

Listen Actively: Effective listening is an essential skill. In doing so, you learn what you have in common with others, and what inspires and motivates them. With this information, you can devise ways to add value to their lives. Make sure you remember what’s important to them – they’ll be impressed by your interest.

Follow Up: This is a standard networking practice, but it’s important enough to be worthy of emphasis. All relationships must be nurtured on an ongoing basis – and professional connections are no different. The stronger they get, the better your position will be to ask for assistance when you need it (of course, always express your appreciation when you get it.)

Our team members at White House Marketing understand that networking isn’t easy. In fact, it can be downright nerve-wracking sometimes. We urge you to work through any trepidation you may feel and utilize the tips highlighted here.

White House Marketing Discusses the Prioritization of Profits

Part of the appeal of becoming an entrepreneur is the idea of making money. While we at White House Marketing see nothing wrong with focusing on the dollar signs, we think it’s important to point out the difficulty of driving profits – especially in young businesses. After all, there’s a reason they’re regarded as a bottom line.

In fact, a lot of business leaders subscribe to an old-school business mentality. They operate on the premise that expenses must first be subtracted from sales, and that the profit is what remains. We also considered this to be the standard formula of business, until we learned about the Recency Effect.

Entrepreneurial expert Mike Michalowicz describes the Recency Effect as the idea that people tend to think in terms of whatever has happened recently. If they have a lot of something, such as money, they believe that things are going great and spend freely. If their bank accounts are somewhat sparse, however, they plan more carefully. In other words, our behavior is dictated by what we perceive.

Michalowicz uses this concept to explain how business leaders can prioritize their profits, and our team at White House Marketing finds it quite intriguing. Instead of the traditional formula, he suggests taking a certain percentage of sales before dealing with expenses, and allocating them as profits. When those profits are safely tucked away into their own account, they won’t be visible – and there will be minimal temptation to spend freely. Instead, the money designated for sales will be utilized wisely.

What do you think of this approach?

Build a Noteworthy Conference Panel with Suggestions from White House Marketing

As we at White House Marketing have discovered, putting together the perfect panel for a conference can be pretty difficult. You’ll need to find the right group of people to keep your attendees interested instead of tempted to leave or play with their phones. Here are some of the essentials:

The Moderator: The moderator is the key to a successful panel. He or she will ask the right probing questions and bring points of contention to the forefront of discussion. The moderator doesn’t need to be an expert on the subject matter, but will need to keep everything rolling and interesting.

Insist on Practice: Be sure to make your panelists practice. A problem with panels is many people don’t think they need to prepare, so therefore they don’t. Help them get ready by asking sample questions and determine some follow-up questions to ask, too. If someone refuses to prepare, consider a replacement.

The Opening: Don’t make introductions and opening statements long. Focus on getting to the point of the panel and not on explaining what everyone’s done before. The attendees are there to learn new skills and information.

The Discussion: A great panel will give the audience time to think and apply the information that they’ve learned. Support the moderator by discouraging poor panel behavior, such as verbosity and monopolization. Don’t let things run too long, either. Ending early is okay, however, because it’ll give attendees the chance to network.

Our team members at White House Marketing understand that putting together a panel is a challenge, but you can certainly simplify the process by heeding this information.

White House Marketing Offers Ideas for Creating a Great Co-Working Space

Co-working spaces are extremely useful resources, especially for entrepreneurs who may not be ready to deal with the overhead costs of a private office. A co-working space is an area where people from different businesses can work, collaborate on projects, and network with one another. The benefits for these spaces are plentiful, but many professionals aren’t located in areas that offer them. If you can’t find one in your community, we at White House Marketing suggest that you create your own.

Do the Research: Don’t assume that people will come just because you create a co-working space. First assess the community and determine whether there’s any interest. You may even need to educate some on what a co-working space is.

Consider the Cost: A co-working space can be a costly investment, and most of these offices break even and are not-for-profit. It’s important to be clear with yourself on the investment and continued expenses associated with this project.

Identify a Location: The space should be conveniently located for those who will participate, and easy to find for those who will come later. Invest in utilities, such as Internet, first. For furniture, consider donated items and letting those participating add their own decorations.

Market It: Advertise this space like you are profiting from it. Don’t solely focus on the local area, because traveling businesspeople can become great participants. Look into small business development centers or the local chamber of commerce for help or resources that they can provide.

Get Some Guidance: Reach out to other co-working spaces in other cities for advice. Collaborate with the people who run them to help make your space even better. They are growing in popularity, so resources should become more abundantly available over time.

Our team members at White House Marketing hope that you will implement this strategy to develop a co-working space in your community.

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