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Showing posts from January 16, 2006

Most Billionaires Have Some Formal Education

by Justin Hitt, Strategic Relations Consultant, http://justinhitt.com/ In an excellent article presented by Forbes magazine called Some Billionaires Choose School of Hard Knocks by Matthew Herper he presents interesting statistics about the some 234 US billionaires today. Mr. Herper presents the fact that 18% of these billionaires never received a college degree ; many of them never finished the degree programs they started – a statistic that might make you want to quit school and run off on your latest ideas. I would ask you first to look at the other statistic he is indirectly presenting – a statistic that says roughly 80% of the 234 US billionaires have completed a college education . Billionaires have attended the School of Hard Knocks to build their fortunes, but it is not hard work alone that produces their greatness, many times college enhances their opportunities for earning their billions. First hand I learned that hard work alone will not get you greatness, my small busines

How To Get Your CRM Project To Come In On-Budget

y Scott Gingrich, The CRM Coach, http://thecrmcoach.com/ Having a project come in On-Budget is the holy-grail of project management, especially when it comes to CRM projects. With their 70% failure rate, CRM projects represent a significant risk to a small business' financial health and warrants more 'measure twice, cut once' consideration before beginning. Coming in On-Budget does not mean you managed to squeeze your project into whatever arbitrary budget you came up with when you first started. It also doesn’t mean that you started with an overly generous budget. It does mean that you develop a budget that takes into account an analysis of 4 critical areas: Payoff . You need to know exactly how your CRM system is going to generate ROI. This will help you focus your project on the right areas. By knowing how you expect payoff to be achieved, you can plan to achieve it. Risk . You need to figure out where the risk is in your project because 'risk=expense'. By figu