APLGO works to strengthen the family. We provide the framework that allows families to work and spend time together while reaching their common goals as a team. And, when Associates and families find success in building their businesses together, they strengthen their family bonds.
Friday, April 7, 2023
President
APLGO ADVERTISING & MARKETING OPPORTUNITIES
APLGO provides more than a business opportunity. It’s a lifestyle. You work for yourself — no longer under someone else’s supervision. That means that running a business with APLGO is something you can actually enjoy. We provide you with support and structure (product line, back office, promotions, special offers, incentives, etc…). But ultimately you are free to call all of the shots. This makes you someone who deserves a round of APLause!
Thursday, April 6, 2023
5 Online Biz Concepts for Trainees to Generate Income While Examining
Beginning an internet business may be an exceptional means for pupils to gain additional money as well as increase valuable adventure. Along with the growth of shopping and digital advertising and marketing, there are actually several possibilities for trainees to begin their organizations online. Right here are actually some on the web business tips for students to think about:
Dropshipping: Dropshipping is a business model where you sell products online but don't hold any inventory. Instead, you partner with a supplier who ships the products directly to your customers. This is an excellent option for students who don't have much money to invest in inventory.
Social media management: Many businesses struggle with managing their social media accounts and are willing to pay someone to do it for them. If you have experience with social media platforms like Instagram, Facebook, and Twitter, you could offer your services as a social media manager.
Freelance writing: If you have strong writing skills, you could offer your services as a freelance writer. Many businesses need content for their websites, blogs, and social media accounts and are willing to pay for high-quality content.
Online tutoring: If you excel in a particular subject, you could offer your services as an online tutor. Many online tutoring platforms connect students with tutors, or you could start your own tutoring business.
Affiliate marketing: Affiliate marketing is a business model where you promote other people's products and earn a commission on sales. This is an excellent option for students with strong social media following or a blog.
These are just a few online business ideas for students to consider. Students can turn their online businesses into successful ventures with some hard work and dedication.
Saturday, April 1, 2023
The 2nd MOST important asset (next to your list)…
As Entrepreneurs, our list is one of our most important assets.
The second most important asset is one that I find missing in 9 out of 10 Entrepreneurial businesses.
Yet, it’s a vital piece to not only sustaining a business, but in growing and scaling it too...
Standard Operating Procedures (a.k.a. SOP)
I’m sure you’ve heard this term before. A SOP is a detailed documentation of instructions (written or visual) that describe each step of a process or task.
The purpose of SOPs are to increase efficiency and deliver consistent outcomes each and every time.
In many cases SOPs are used to ensure compliance with operational practices.
Why are these so important?
Processes that aren’t documented leave room for errors and mistakes.
Clear enough, right?
Now consider these reasons that may not be so obvious…
When people on your team have a SOP to follow, they are more productive, as they have exactly what they need to complete the task at hand.
Without clear instructions, oftentimes, time is wasted searching or looking for instruction and guidance.
Again, also pretty straightforward.
The truth is, everyone who works for you wants to do a good job. They want to succeed as much as you want them to succeed, so why not give them all the tools and resources they need to do their job to their best ability?
I call it setting them up for success. When they win, you win.
Everyone is happy.
Now when you don’t set your team up for success, negative consequences start to build, including: frustration, disappointment, delays, mistakes, etc.
And as we already know, unclear instructions and lack of direction long term not only causes all of the above, disconnection and resentment start to fester. After that happens, shortly down the road, either that team member moves on, or you end up letting them go.
Not many Entrepreneurs are aware of this, but the total cost of losing an employee or team member can range from tens of thousands of dollars to 1.5 to 3 times their annual salary (equating to hundreds of thousands of dollars).
Don’t believe me?
Let’s break it down…
- Cost of hiring and onboarding a new person (hiring, training, management, time). Note: If you don’t have SOPs in place, training will take even longer.
- Lost productivity (a new person may take 1-2 years to reach the productivity of that previous person), especially if the previous person was super efficient and productive.
- Lost engagement (other employees who see high turnover WILL disengage and their productivity decreases. Especially when they know the change was not performance-based).
- More errors and mistakes (new team members take longer to acclimate, and are often less adept at solving your company's problems because they aren’t familiar with your company yet).
Here again is where SOPs can help to speed up the learning curve AND decrease the chances of mistakes and errors.
- Training cost (over 2-3 years you likely invest 10-20% of a team member's payroll or more in training, so they can become more invested in your business and learn how to do new things, etc). When that person leaves, they take that investment with them.
- Cultural impact (whenever someone leaves, others question "why?"). We have to remember that people are what we call an "appreciating asset." The longer they stay with an organization the more productive they get. They learn the systems, know the products/services inside and out, and they’ve learned how to work with the rest of the team very effectively and efficiently.
In a mass destruction scenario, what if the team member who leaves is responsible for things you don’t know how to do, but must do?
What if what they were responsible for was directly related to your revenue stream?
Or operations to keep the business running?
Quite a predicament you’d be facing.
Bottom Line: Standard operating procedures are crucial, so start making them for your business.
Yes, they take time, and I think that is the biggest deterrent. Most likely why 9 out of 10 businesses are without them. But in the long run, can you see now how invaluable they really are?
Not only when it comes to protecting your business; but for growing and scaling it too.
Taking the time to create SOPs will help you build a solid foundation for your company. Solid foundations allow companies to grow and scale at accelerated rates.
Lastly, a friend of mine shared a great idea with me after we had discussed everything I have just conveyed to you about creating these for his business.
Instead of typing up written SOPs, he decided to record video SOPs. Whenever a team member asked him how to do something, instead of just showing them, he decided to record a video and then shared it with them. He kept a library of all his videos, and within a year, he had every single SOP completed within his organization. Pretty smart!
To your success,
David
Tuesday, March 28, 2023
Discover the Secret to Generating Passive Income Online
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Sunday, March 26, 2023
Make Money While You Sleep: The Ultimate Guide to Passive Income
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Wednesday, March 22, 2023
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