Meet The Entrepreneur Behind The Cover Of The January 2024 Issue Of MoneyCentral Magazine: Elton A. Hollis III

Posted on by Jenny

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Elton A. Hollis III, the dynamic entrepreneur and owner of Hol-Tech Resources, LLC, is making waves in the business world as a sought-after consultant and influential figure in the Safety, Quality, and Compliance realms. With a career spanning over 25 years in the Oil and Gas Construction field, Elton has consistently demonstrated his commitment to excellence, leadership, and small business development.

As the owner of Hol-Tech Resources, LLC, Elton oversees a full-service consulting firm that specializes in providing comprehensive guidance and training in Safety, Quality, and Compliance. His expertise extends to the industrial, commercial, and small business industries, where he has earned a reputation for delivering top-notch consulting, training, executive coaching, and safety management services.

In addition to his role at Hol-Tech Resources, Elton serves as the General Manager of RT Technical Solutions LLC, where he plays a pivotal role in leading their team to the forefront of the Industrial Electrical and Instrumentation fields.

A dedicated advocate for entrepreneurs, Elton is a co-founder of the Golden Triangle Industrial Group and serves as the Vice-Chairperson for the Contractors Business Development Group. His passion for fostering small business success is evident in his involvement with marketing meetings, events, and mentor speaking engagements aimed at helping entrepreneurs flourish.

Elton’s impact goes beyond the boardroom, as he enjoys spending time outdoors exploring the Texas Hill Country on hiking trails. His commitment to empowering entrepreneurs led him to publish two insightful books, “Creative Problem Solving” and “Buy Into Yourself First.” The latter serves as a detailed guide on successful business development tactics, offering invaluable insights on making businesses more successful.

Recognized for his Small Business training grant work in collaboration with the Lamar Institute of Technology, Elton is well-regarded in the Safety and Training field. His dedication to small business success has garnered him features on the cover of international magazines such as Global Millionaire Magazine, InLife International, StarCentral Magazine, and Global Elite Entrepreneur Magazine. Additionally, he has contributed articles to Elitepedia, The Los Angeles Refine Post, and The Global Celebrity. VT Post has honored him by naming him one of the Top 100 Entrepreneurs in Texas.

Elton A. Hollis III stands as a true inspiration in the business world, using his experience, expertise, and voice to motivate and empower entrepreneurs on their path to sustainable life satisfaction and inherent success.

Through his leadership, advocacy, and commitment to holistic success, he exemplifies the qualities that can propel individuals towards not just business triumphs but also a deeply satisfying and fulfilling life journey.

MoneyCentral Magazine recently interviewed Elton to discuss his journey as an entrepreneur and here’s what went down:

Could you share some insights into your 25 years of experience in the Oil and Gas Construction field and how it has shaped your approach to business consulting?

Having 25 years of experience in the oil and gas industry can bring immense value to any business. The oil and gas industry is known for its complex operations, rigorous safety standards, and demanding logistical requirements. I have developed exceptional project management, risk assessment, and problem-solving skills through years of working in this industry. These skills are transferable to any business, as they foster a strategic mindset and an ability to navigate challenges effectively. Moreover, the oil and gas industry operates in a highly regulated environment, requiring professionals to understand compliance and legal frameworks. This knowledge can be invaluable in ensuring a business operates ethically and within the boundaries of the law. Additionally, the oil and gas industry is at the forefront of technological advancements, such as digitalization and automation. With 25 years of experience in this industry, I have witnessed and adapted to these technological changes, making me well-equipped to drive innovation and optimize processes in any business. Overall, the extensive experience gained in the oil and gas industry has brought me a wealth of knowledge, expertise, and a unique perspective. The most important part of my experience has been learning that nothing trumps hard work, kindness, and doing whatever you can to help another person.

As the co-founder of Small Business Friday! Video podcast, could you elaborate on how this platform supports small businesses and what motivated you to initiate this venture?

Small Business Friday started as a way for radio listeners to hear some good news about local businesses in Southeast Texas. With guidance and wisdom from the late Fernando Ramirez, we were able to expand on this to include many other platforms. Joe Tant, I, and our Producer Matthew Chance have been truly blessed to meet so many wonderful people and listen to their stories of struggle, triumph, and everything in between! Our video podcast highlights local businesses, events, and stories in hopes of expanding their footprint and giving them a helping hand to grow their business. We are very fortunate to have show sponsors that allow us to do this for these folks free of charge! Our fearless leader, Joe Tant, is fond of saying, “Once upon a time, someone helped me; now it is my turn to help someone else.”

In your role at Hol-Tech Resources, LLC, you provide Safety, Quality, and Compliance guidance. How do you ensure that these critical aspects are effectively integrated into your consulting services?

I feel the best way I’ve been able to incorporate these aspects into my services is by truly taking the time in the beginning and listening to what my customer needs. Properly identifying the need is paramount to an effective solution. Secondly, finding a way to help incorporate this solution into the unique culture of their business is also very important. One of the most rewarding parts of this process for me is watching the ideas and suggestions take shape and mold into the best solution for the company. Lastly, keeping up with all the latest regulations, laws, and industry best practices is essential for me to be able to provide my customers with the best possible safety training, consulting, and advice.

As the General Manager of RT Technical Solutions LLC, how do you contribute to positioning the company at the forefront of the Industrial Electrical and Instrumentation fields?

A key element of being at the top of any field is to have a great team. I know this sounds like the same old song and dance, but it’s absolutely key here at RT! Most of our clients are end users, such as Kinder Morgan and TC Energy, which means they are on tight deadlines, and their bids are highly competitive. The team we have here has really embraced the concept of “value-added services.” Our Projects Team hits the ground running to ensure components are ordered, delivered, and processed as quickly as possible, while our Field Services Team puts it together to finalize a safe, on-time product. None of this could happen without having great ownership. Our owner, Kasey Taylor, is one of the best in the business at setting goals and allowing her team to get things done without micromanaging. We are also a proud, certified woman-owned business.

Being actively involved in Golden Triangle Industrial Group, could you share the group’s mission and the impact it has on the industrial sector?

Travis Woods and I founded the Golden Triangle Industrial Group. Our common goal was to form a group that would bring a unique and energetic business development event to Southeast Texas.

What challenges do you perceive in the industrial, commercial, and small business industries today, and how do you address these challenges in your consulting role?

I have identified three challenges that I deal with in my realm very frequently these days.

Difficulty in marketing and advertising, and competition from industry leaders.

  • I have two good friends at First State Bank of Texas in Beaumont. They have taught me the importance of sincere marketing. They have done this not by baiting me with rate discounts, but by showing up to support me, giving back to the community and being available. This not only fosters a belief in sincerity but also creates a deeper connection with customers who share those values. If you follow these basics, you can’t go wrong! Sometimes fighting the complacency of a comfortable business is tough, but if you want to grow, you need to be on the go!

Finding and retaining customers and avoiding reliance on one customer.

  • The best way I’ve found to combat this problem is to offer personalized solutions, provide excellent customer service, and diversify your customer base. These items allow you to spread the footing on your business to account for any ups and downs in financial or service-based issues.

Recruiting, motivating, and training staff.

  • This is such an important yet overlooked piece of business. Some great ways to help with this is by focusing on hard and soft skills, not just technical training. Next is to personalize the training to the employee skillset.
  • Utilizing multiple platforms helps break up the boredom that can come with training. Something else I’ve had great success with is actually having employees train one another when they are qualified. This grows comradery and fosters teamwork while also building a great foundation of excellence for your company.

Could you highlight a particularly challenging project you’ve encountered in your career, and how your expertise helped navigate and overcome those challenges?

One of the most challenging projects I have ever dealt with involved helping a client through an OSHA audit on an industrial site. This client had never been through an audit before and was rightfully stressed. We were able to navigate this challenge by essentially using the Golden Rule. We were very upfront and honest with the inspector. This allowed an open and direct line of communication for both parties. Fortunately, I have built a very impressive group of friends and colleagues in several different fields who helped us with advice to help in this situation.

Ultimately we were able to navigate this audit with no fines and learned some very valuable learning points for daily work procedures. This was another example of how relationships, hard work, and honesty help in all aspects of business.

With your extensive experience, what advice would you offer to aspiring entrepreneurs looking to succeed in the Oil and Gas Construction field or related industries?

To aspiring entrepreneurs looking to succeed in the oil and gas industry, here is some insightful and inspiring advice:

1. Develop a Deep Understanding: Take the time to thoroughly understand the industry, its dynamics, and the challenges it presents. This includes staying updated with market trends, technological advancements, and regulatory changes. The more knowledge you have, the better positioned you’ll be to identify opportunities and make informed decisions.

2. Build a Strong Network: Networking is crucial in the oil and gas industry. Attend industry events, join professional organizations, and connect with experts and influencers. Building a strong network can open doors to partnerships, collaborations, and valuable insights. Surround yourself with like-minded individuals who can support and inspire you. Importantly, ALWAYS be looking for a way to help other people!

3. Embrace Innovation: The oil and gas industry is constantly evolving, driven by technological advancements and sustainability goals. Embrace innovation and be open to adopting new technologies and practices. Seek opportunities to leverage digitalization, automation, and renewable energy solutions. You can differentiate yourself and create a competitive advantage by staying ahead of the curve.

4. Focus on Safety and Sustainability: Safety and sustainability are non-negotiable priorities in the oil and gas industry. Make them integral parts of your business strategy from the start. Implement robust safety measures, prioritize environmental responsibility, and invest in sustainable practices. Demonstrating a commitment to safety and sustainability will not only protect your business but also enhance its reputation and credibility.

5. Be Resilient: The oil and gas industry can be volatile, with fluctuating prices and geopolitical factors impacting operations. As an entrepreneur, it’s important to be resilient and adaptable. Prepare for uncertainties, diversify your business, and have contingency plans in place. Embrace challenges as opportunities for growth and learn from setbacks.

6. Foster Strong Partnerships: Collaboration is key in the oil and gas industry. Seek out partnerships with suppliers, contractors, and other stakeholders. Establishing strong relationships based on trust and mutual benefit can lead to cost efficiencies, shared expertise, and access to new markets. Remember, success is often a collective effort.

7. Maintain a Long-Term Perspective: The oil and gas industry operates on long-term investment cycles. It’s essential to have a patient and long-term perspective. Avoid short-term thinking and focus on building sustainable growth. Invest in research and development, talent development, and strategic planning. Success in this industry requires perseverance and a commitment to the future.

Remember, entrepreneurship in the oil and gas industry requires a combination of industry knowledge, innovation, resilience, and strong relationships. Work hard, stay passionate, stay adaptable, and always strive for excellence. With dedication and a willingness to learn, you can carve your path to success in this dynamic industry.

As a multifaceted professional, how do you balance your various roles and responsibilities to ensure maximum impact and success in each area?

As a multifaceted professional, balancing various roles and responsibilities is crucial to ensuring maximum impact and success in each area. One strategy I employ is effective time management. By prioritizing tasks and setting clear goals, I am able to allocate sufficient time and attention to each role. This involves creating a schedule, identifying essential tasks, and delegating when necessary. Additionally, I believe in the power of delegation and collaboration. By leveraging the strengths and expertise of others, I am able to distribute responsibilities and work more efficiently. This not only helps me manage multiple roles effectively but also fosters a sense of teamwork and collective achievement. Lastly, I maintain a growth mindset and constantly seek opportunities for learning and development. By staying updated with industry trends and acquiring new skills, I am able to enhance my performance in each role and adapt to evolving demands. By employing these strategies, I am able to balance my various roles and responsibilities effectively, ensuring maximum impact and success in each area.

Happy New Year from MoneyCentral Magazine!

Posted on by Gary

As we approach the end of a transformative year, we are compelled to express our gratitude for the remarkable journey we’ve undertaken together. The past year has been nothing short of extraordinary, marked by achievements, growth, and the unwavering commitment of the entire MoneyCentral family.

Celebrating Achievements at Sir Stamford Circular Quay

We are thrilled to share that our end-of-year celebration, held at the lavish Sir Stamford Circular Quay on December 17, was a resounding success. The splendid venue provided a fitting backdrop for a night of camaraderie, reflection, and celebration of our collective achievements.

Acknowledging Our Major Sponsor and Cover Story: Mark Coronel of Cubecorp

A special word of appreciation goes to our major sponsor of 2023 and cover story, Mark Coronel of Cubecorp. His invaluable support and dedication to MoneyCentral have played a pivotal role in our success. Mark’s leadership and commitment have not only elevated our publication but have also inspired our entire team.

An Eventful Year for MoneyCentral Magazine

This year has been a journey of milestones and accomplishments for MoneyCentral magazine. From groundbreaking financial insights to captivating cover stories, we’ve continued to provide our readers with content that informs, inspires, and empowers.

As we bid farewell to 2023, let us carry forward the lessons learned, the triumphs celebrated, and the challenges overcome. Together, we stand poised to embrace the opportunities that 2024 holds for MoneyCentral magazine.

Looking Ahead to a Promising 2024

As we step into the new year, we are filled with optimism for what lies ahead. We have no doubt that, together, we will continue to set new standards and exceed the expectations of our readers.

We extend our deepest gratitude to each member of the MoneyCentral team, our sponsors, and partners for their unwavering commitment. May the coming year bring us continued success, growth, and fulfillment.

Wishing you all a joyful holiday season and a New Year filled with prosperity and achievement.

Meet The Man Behind The Cover Of The December 2023 Issue Of MoneyCentral Magazine: Mark Coronel

Posted on by Krissy

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Mark Coronel, Sales Director at Cubecorp Projects Pty Ltd, is a distinguished figure in the real estate industry, boasting 17 years of expertise, strategic thinking, and a genuine commitment to client needs. His journey reflects enduring passion and dedication, covering various aspects of real estate, including residential and commercial sales, project management, project marketing, and investment properties.

As a visionary leader and solution provider, Mark prioritises understanding clients’ unique needs and tailoring services accordingly. His philosophy empowers clients in making informed decisions, whether in finding dream homes, securing investment opportunities, or navigating complex transactions. Mark’s track record speaks volumes, having assisted over 1,000 clients across Australia in the past five years, showcasing his professionalism, efficiency, and client-centric approach.

Beyond real estate, Mark is a mentor and guide, sharing the wisdom and insights acquired throughout his journey. His commitment to excellence and client-centricity defines his legacy in the industry, transforming real estate sales and impacting lives over his 17-year career.

MoneyCentral Magazine recently caught up with Mark to discuss his journey in the industry, and here’s what went down:

What sets Cubecorp apart from other businesses in your industry?

We are not like traditional real estate companies, whereby we don’t just sell houses and apartments. We also specialise in off-the-plan and offer many complimentary services through our different companies and networks.

Finance, Migration, Property Management, Sale and Re-sale of Residential and Commercial Properties, Development, Project Management, Architect and Design Services, Business Development and Accounting, and much more.

We are not limited to Sydney but have offerings all over Australia and in countries like Vietnam, Indonesia, China, Hong Kong, Taiwan, and the Philippines.

How do you envision the future of Cubecorp in the ever-evolving business landscape?

We are a platform for engagement. As the world and markets evolve, so do the demands of our clients. We have a mantra to never say no to opportunities straight away because it is fun to explore and create solutions we do not already have to people’s problems.

Businesses that do not innovate and continue to move forward and grow may be successful in the short term but will not survive to meet unforeseen challenges.

A big example was during the COVID-19 pandemic when many of our friends within the industry struggled to adapt and innovate and, unfortunately, had to close shop.

We envision evolving and positively impacting as many lives along the way as possible, with a target to provide jobs for 300,000 people one day!

What has been your most significant achievement or milestone with Cubecorp so far?

As an agent, I had the opportunity to win a listing for a whole apartment block, with 65 serviced apartments and parking. This was extremely challenging and rewarding, with many important lessons I have reminded myself of in recent deals!

How do you foster a positive and inclusive work culture within your organization?

It’s all about energy, in my opinion!

So, we try to put the right people in the right place and encourage personal development throughout our agents’ careers.

Everyone is different, and we encourage that. We are flexible with our work hours and opportunities but clear about our standards.

When we see there is potential in our staff, we nurture that. It’s how I was given the opportunity to become the Sales Director in a relatively short period of time.

We work hard, we play harder, and we reward excellence.

How did your entrepreneurial journey begin, and what inspired you to join Cubecorp?

For as long as I knew, I was different. I grew up in a traditional Filipino family where my values to work hard and stay honest were instilled early. But I’ve always had an appetite for more, with little side hustles through my schooling and university life that were constantly judged. But I’ve always liked to keep myself busy, and since I couldn’t find satisfaction as an engineer, I was presented with an opportunity to change my life.

Through miraculous circumstances, I was reintroduced to my university mate at Town Hall, the only place where you can get KFC Hot & Spicy, and we had a chat at his office. Don Liang is the CEO of Cubecorp, and he gave me the opportunity to sell properties on weekends. After three weekends, I resigned from my previous job and began my career in Real Estate.

Can you share any exciting upcoming projects or initiatives that Cubecorp is working on?

Absolutely, I’ll share two things if I can.

A big part of our sales offerings are in-house and land, and we all know the challenges of house and land in Sydney.

Scarcity, increased building, increasing labour costs, and a tighter finance market are driving affordability down for buyers and limiting their choices.

So, to offer more options for our clients, we are diversifying our range of investment options to Regional NSW, proudly partnering with TORO HOMES, who have exclusive investor house and land packages in over six estates, including in the Hunter Region! This is regional.

The other upcoming hot investment option is in our nation’s Capital!

This is arguably the dark horse of the property market in Australia for so many reasons, but what people want to know is how good is it? Prices under $400,000, rental guarantees of 7% for five years, AND we are working with only the BEST in the territory, GEOCON, the largest builder-developer in Canberra and the 3rd largest in Australia. I do love these guys, and I love their properties even more!

How do you balance work and personal life to ensure overall well-being?

I do get asked this a lot.

If you follow my Facebook and Instagram stories and our CEO, too, you will see the 4 a.m. wake-up, the everyday hustle, the late checkouts from the office, and the fun times with my kids.

I have a family of 4; my daughter Zaza is 6, Henry is 4, and my wife works with me… yes! It can be done… mind you, we do work in different services.

This is not just work for me; it’s a lifestyle. Sometimes, Henry joins me for meetings and inspections, even handing out flyers.

How do I juggle it all? If it’s not on the calendar, it’s likely not a priority.

7 Game-Changing Strategies That Transform Adversity into Unstoppable Opportunities

Posted on by Alex

Let’s face it; we all experience adversity at some point. Adversity can come in many forms, such as illness, job loss, financial difficulties, or personal setbacks. While adversity can be challenging and painful, it can also present opportunities for development and transformation. Here are some strategies to turn adversity into opportunity:

Reframe Your Thinking

One of the best ways to turn adversity into opportunity is to reframe your thinking. Instead of seeing adversity as a setback, view it as a challenge or an opportunity to learn and grow. Aim to control what you can and take action to move forward.

Practice Gratitude

Gratitude is a powerful tool for coping with adversity. When you focus on what you’re thankful for, it helps to shift your mindset from a negative to a positive perspective. Take time every day to reflect on what you’re grateful for, even in difficult times.

Embrace Change

Adversity often brings change, and it’s essential to embrace it rather than resist it. Change can be terrifying but can lead to new opportunities and growth. Look for ways to adapt to the changes and find the positive aspects of the situation.

Develop Resilience

Being resilient is being able to recover quickly from adversity and overcome challenges. Developing resilience involves building coping skills, such as problem-solving, positive thinking, and self-care. Be surrounded by encouraging individuals who can help you navigate difficult times.

Learn from the Experience

Adversity can be a valuable learning experience. Reflect on what you’ve learned from the situation and how you can use that knowledge to grow and improve. Use the experience to develop new skills, gain insights, and make positive changes in your life.

Take Action

When facing adversity, it’s important to take action rather than wait for things to improve on their own. Identify what you can do to move forward and take action, even if it’s small steps at first. Breaking down the challenge into manageable tasks can make it feel less overwhelming.

Find Meaning and Purpose

Adversity can be an opportunity to find meaning and purpose in your life. Consider what matters to you and what gives your life meaning. Use the experience to align your goals and actions with your values and purpose.

In conclusion, turning adversity into opportunity involves a mindset shift and a willingness to take action. Reframe your thinking, practice gratitude, embrace change, develop resilience, learn from the experience, take action, and find meaning and purpose. Remember, adversity is a part of life but doesn’t have to define you. Use it as an opportunity to grow, learn, and become stronger.

MoneyCentral Magazine Presents a Grand Finale: Join Us for an Opulent Year-End Celebration at Sir Stamford Circular Quay!

Posted on by Gary

MoneyCentral Magazine, part of the StarCentral Media Group, is preparing for a spectacular year-end celebration at the prestigious Sir Stamford Circular Quay on December 17th, starting at 11 am. This event will joyfully conclude a vibrant year, commemorating the Christmas spirit and a year of accomplishments, uniting sponsors, collaborators, friends, and industry partners for a grand celebration.

In collaboration with MS Entertainment Network, Flagcom, and APCO, this highly anticipated event promises an evening filled with elegance and splendor. It will feature special events, including the much-awaited StarCentral Magazine’s People of the Year Awards and the captivating Kings and Queens fashion exhibition.

The opulent affair will unfold at the esteemed Sir Stamford Circular Quay, located at 3 Macquarie St, Sydney NSW 2000, providing a luxurious backdrop for this glamorous occasion.

Esteemed sponsors supporting the event include Cubecorp, PW Mortgage Partners, and Parramatta Community College. Their invaluable contributions have played a significant role in making this event a reality.

To enhance the event’s allure, GEM Models and TV6 Network will make a special appearance, promising an evening brimming with talent and excitement.

This event serves as the perfect occasion for networking, merriment, and a celebration of the achievements and collaborations of the past year. StarCentral Media Group warmly invites everyone to join in this prestigious gathering, set to be a truly memorable and grand finale to an eventful year.

For more information or to participate in the Kings and Queens fashion exhibition, kindly get in touch with us at your earliest convenience.

Let’s celebrate the end of this fantastic year with an evening of opulence and joy at the Sir Stamford Circular Quay.

For further inquiries, please contact Krissy at krissy@starcentralmag.com.

Crafting a Recipe for Success: A Guide to Building a Profitable Food Business

Posted on by Alex

Starting a food business can be a fulfilling journey, but the path to profitability requires careful planning, passion, and a dash of innovation. Whether you’re dreaming of a cozy cafe, a trendy food truck, or an online culinary venture, here’s a step-by-step guide to turn your gastronomic passion into a profitable enterprise:

Identify Your Niche

Define your culinary niche and target audience. Are you specializing in a particular cuisine, dietary preference, or unique food experience? Understanding your niche helps you stand out in a crowded market and attracts customers with specific preferences.

Create a Unique Selling Proposition (USP)

Differentiate your food business by offering something unique. It could be a signature dish, a special cooking technique, or a commitment to using locally sourced, organic ingredients. A compelling USP sets your business apart and gives customers a reason to choose your offerings.

Market Research and Validation

You would need to conduct a thorough market research to really understand your competitors, target market, and industry trends. Validate your business concept by seeking feedback from potential customers. This step ensures that there’s demand for your culinary creations and helps you refine your offerings.

Business Plan Development

Craft a comprehensive business plan outlining your business goals, target market, competition analysis, marketing strategy, financial projections, and operational plan. A well-thought-out business plan serves as your roadmap and is crucial when seeking funding or partnerships.

Legalities and Permits

Navigate the legal landscape by obtaining the necessary licenses and permits. This may include health permits, food handler certifications, and compliance with local regulations. Ensure that your kitchen and food preparation spaces meet health and safety standards.

Quality Ingredients and Suppliers

Source high-quality ingredients from reliable suppliers. Establish relationships with local farmers, markets, or distributors. Consistent access to fresh and quality ingredients is essential for maintaining the integrity of your dishes and satisfying customer expectations.

Build an Online Presence

Create a professional and engaging online presence. Develop a user-friendly website, leverage social media platforms, and consider online delivery services. A strong online presence increases your visibility, attracts customers, and allows for effective marketing and communication.

Customer Experience and Feedback

Prioritize customer satisfaction. Provide exceptional service, respond to customer feedback, and continuously improve based on their suggestions. It’s a known fact that positive customer experiences eventually leads to repeat business and positive word-of-mouth, which is essential for long-term success.

Effective Pricing Strategy

You need to set prices that will cover your costs and generate a profit. Consider factors such as ingredient costs, overhead, and perceived value. Be mindful of your target market’s pricing expectations and ensure your prices reflect the quality and uniqueness of your offerings.

Marketing and Promotion

You need to come up with a strategic marketing plan to promote your food business. Utilize social media, collaborate with influencers, and consider hosting events or promotions. You need to engage with your target community so that you can use successful marketing techniques to build a base of devoted clients.

Financial Management

Maintain meticulous financial records and regularly assess your business’s financial health. Monitor expenses, track revenue, and adjust your financial strategy based on performance. Effective financial management is crucial for long-term sustainability and growth.

Adaptability and Innovation

Stay attuned to industry trends and be willing to adapt. Introduce seasonal menus, explore new cooking techniques, or participate in food festivals. Innovation keeps your offerings fresh and exciting, attracting both new and returning customers.

Building a profitable food business requires dedication, resilience, and a commitment to delivering exceptional culinary experiences. By blending your passion for food with strategic planning and customer-focused practices, you can turn your gastronomic dreams into a thriving and lucrative venture.

Mastering the Art of Market Penetration: A Guide to Breaking into New Industries Without Connections

Posted on by Krissy

Entering a new market without connections is a challenging yet achievable task, often requiring innovative strategies and a well-planned approach. Here are effective steps to break into an unfamiliar industry, cultivate relationships, and establish your presence.

1. In-depth Market Research

Begin with extensive market research. Identify the market’s key players, target audience, competitors, and industry trends. Analyze gaps or underserved niches within the market that present opportunities for your entry.

2. Networking and Relationship Building

Participate in industry events, seminars, and conferences. Engage with professionals, join networking groups, and attend workshops. Popular social media platforms such as LinkedIn can be used to establish connections with business partners and industry experts. Establish a solid online presence by sharing valuable insights and content relevant to the industry.

3. Offer Value and Solutions

Start by offering value. Tailor your product or service to address the market’s specific needs or gaps you identified during research. Highlight the unique selling proposition that differentiates you from established players. Offer free trials, product demos, or educational resources to showcase your value.

4. Leverage Testimonials and Case Studies

Although new, you can display credibility by sharing any successful results or case studies from pilot projects or trial runs. Positive testimonials from early adopters can significantly boost your credibility and attract more clients or customers.

5. Collaborate and Form Alliances

Seek out potential partners or alliances. Collaborations with local businesses, industry influencers, or complementary services can broaden your reach and credibility. Strategic partnerships can help you leverage their connections to gain access to a wider network.

6. Focus on Exceptional Customer Service

In the absence of connections, exceptional customer service can act as your primary connector. Build strong relationships with early customers. A focus on customer satisfaction often leads to word-of-mouth referrals, which are powerful in building a strong network.

Conclusion:

Breaking into a new market without connections is challenging but not impossible. Utilizing a systematic approach with a focus on relationship building, tailored solutions, and offering value can significantly bolster your chances of success.

Remember, persistence, adaptation, and continuous improvement are vital in this process. Eventually, your commitment to delivering quality, addressing market needs, and building strong relationships will pave the way for your success in the new market.

Meet The Entrepreneur Behind The Cover Of The November 2023 Issue Of MoneyCentral Magazine: Dr. DL Wallace

Posted on by Gary

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In the ever-evolving landscape of the modern workforce, the importance of soft skills cannot be overstated. Dr. DL Wallace, a seasoned expert in the field of Soft Skills Training and Development, has been spearheading a paradigm shift in employee development, entrepreneurial growth, organizational efficiency, and business strategy for over two decades. His journey as the CEO and Founder of Success Training Institute (STI) has not only transformed individuals and organizations but has also earned him global recognition in the education technology sector.

Dr. Wallace’s brainchild, Success Training Institute, has emerged as the world leader in superior soft skills training. Established in 2012, this award-winning education technology company, headquartered just north of Dallas, Texas, has been the driving force behind a transformative learning experience. STI’s clientele spans colleges, universities, workforce commissions, school districts, and corporations across diverse industries.

What sets STI apart is its commitment to personalized learning. Their tailored platforms offer pre and post-assessments, individualized learning plans, and access to data and analytics, enabling learners to chart their growth path comprehensively. The institute’s range of services caters to both individuals and corporations, providing essential training in compliance, leadership, problem-solving, team building, customer service, and more.

Success Training Institute offers a variety of plans tailored for entrepreneurs, college students, sales professionals, HR experts, and many more. Their programs are designed to accommodate nearly any budget, offering rapid certification programs that yield tangible results within weeks, with immediate improvements in productivity, positivity, and efficiency. The cornerstone of their training approach is a series of power-packed, 8-minute video segments that can be consumed on-demand, making it accessible for employees at all levels.

Moreover, STI is not only bridging the gap for current employees but also laying the foundation for future professionals. Their Virtual Internship Programs offer college students the chance to enhance their post-graduation employability. These students earn valuable soft skills certifications, strengthening their resumes and gaining opportunities to work remotely while supplementing their college expenses.

The impact of Success Training Institute extends far beyond traditional learning. As a Top Innovator in Education Technology, STI’s commitment to original content, unique instructional methods, and an evergreen library is fundamentally changing the professional development landscape for students and companies alike. Dr. DL Wallace’s vision has given rise to a transformative force that is equipping individuals and organizations to thrive in the fast-paced, ever-changing world of work.

MoneyCentral Magazine recently had the privilege of engaging in a candid conversation with Dr. DL Wallace, delving into his remarkable journey and the profound impact of Success Training Institute. Here’s what transpired in this exclusive interview:

What inspired you to focus on soft skills training, and how did you embark on this journey?

Several years ago, when I owned another company, I noticed our new hires’ challenges with many of the soft skills basics. Keep in mind that these new hires were all college grads, and yet they had difficulty maintaining focus, collaborating with others, managing time, and resolving conflict. We had two options: Develop a viable training system or keep replacing people. Of course, replacing people may be more convenient, but training them is a much better investment. We chose to train them. I began developing a soft skills curriculum, and we started with early morning training calls that were only 8 minutes per day. Why 8 minutes? It fits the hectic schedules of our team. Soon, we noticed remarkable improvements just by elevating the soft skills of our employees. Other companies started asking if we could do the same for them, and the rest is history.

Can you share some success stories or testimonials from individuals or organizations that have benefited significantly from Success Training Institute’s programs?

My favorite part of this business is hearing the powerful testimonials from our clients. We even post quite a few of them online. One story that sticks out to me most is from a single mother from South Carolina. Her daughter was enrolled in college and was off to a bad start. Not making friends, poor grades, and losing confidence. She begins taking our soft skills courses, just a few daily lessons from her phone. She started with Adaptability and Work Ethic. According to her mom, she went from dropping out and returning home to making the Dean’s List her freshman year! We hear these stories all the time because college and career success are based on well-developed soft skills. All the research proves this, and it’s great to see it happening. Most students don’t fail or drop out of college because they have a low IQ. It is because they have unaddressed emotional deficiencies, and our company solves that problem for college students and professionals in the workplace.

As a leader in soft skills training, what do you believe are the most crucial soft skills for individuals and organizations in today’s professional landscape?

There are so many necessary soft skills that it’s hard to rank them because everyone is different. It’s like asking, “What are the three best foods for your body?” or “What is the best book to read?”. It all depends on the individual. That’s why we offer pre-assessments to all our clients because it helps craft an individualized learning plan specific to the person’s needs. Some new employees need to focus on Time Management, while others need Self-Regulation or Managing Stress. The best part about the platforms we develop is they are NOT one size fits all. We all have different needs and are at different stages of emotional development, which is why our platforms are designed to accommodate the soft skills needs of each participant.

Success Training Institute (www.simplysuccess.com) provides customized learning platforms. How do you ensure that these platforms cater to the diverse needs of your clients, including colleges, corporations, and individuals?

It all starts with communicating with our clients and understanding what they want to accomplish. For some, it’s student or employee retention. For the colleges that have access to resell our training programs under its brand, fundraising may be the focus. Once we have an initial consultation, our team of experts customizes video commercials, organizes lesson material, and adds analytics to track and monitor the key data points. We are the only company that offers our clients a tailor-made soft skills training experience, and it’s one of the features that makes us unique in this industry.

In your view, how does soft skills training contribute to organizational efficiency, and what tangible improvements have you observed in companies that have implemented your programs?

First, soft skills are going to make organizations more productive. Remember, when we master our emotions, we become better people, which makes us better at everything we do. Organizations don’t have to hire new people because the Success Training Institute helps the people they have become even better. For college students, increased productivity means better grades. For the sales professional, it means more closed deals. Better people are always more productive. Next, we see strong gains in retention. The biggest challenge in the workplace is turnover. Our soft skills programs boost confidence, competencies, and individual satisfaction, all contributing to employees staying on jobs longer. Last but certainly not least, we see the gains in revenue. Turnover is expensive for every organization. Our programs have been proven to reduce by as much as fifty percent! That’s literally putting money back into the pockets of our clients.

What challenges do you perceive in the current landscape of employee development, and how does Success Training Institute address these challenges?

The remote workforce is growing rapidly and is changing the way we see a typical workday. It can also have adverse emotional impacts. When people don’t connect interpersonally, they lose a valuable skillset our company helps restore. Remote work is also changing the way people want to learn. Most are turned off by live training sessions that confine them to crowded conference rooms for several hours daily. They want training to adjust to their lifestyles. Our programs are mobile-friendly, video-based, and self-paced because that is the future of learning. Each lesson is 8 minutes or less because the adult attention spans are shrinking. Companies that don’t recognize these trends will lose employees in droves. Back in the day, employees adjusted to the workforce. Today, the workforce has to adjust to the employee, including training and development.

Could you elaborate on the Virtual Internship Programs offered to college students? How do these programs bridge the gap between academic learning and real-world professional skills?

Our virtual internship programs are second to none because they offer the best of all worlds. First, college students get to work remotely. Next, they gain soft skills and hard skills. Last but certainly not least, they get paid! They apply online, interview online, and are assigned a virtual supervisor. They can work in our Marketing, Content Creation, IT, Sales, or Administrative departments, which gives them real-world experience that accommodates the demands of their collegiate schedules. Many colleges are located in small towns where internship opportunities are limited. Our programs allow them to complete project-based assignments from anywhere in the world without the hassle of long commutes or the cost of new wardrobes.

The success of STI’s training is often highlighted by its quick impact on productivity and positivity. Can you share some insights into the unique instructional methods or strategies that contribute to this rapid improvement?

Two terms are important when answering this question. Pedagogy and Heutagogy. The first is the one we are most familiar with in traditional education. This is highly structured learning where students enter a classroom and are taught by one or more instructors. Everyone must learn the same thing at the same time. No exceptions. On the contrary, heutagogy is self-directed learning, which allows participants to learn based on need, interest, and other learning preferences. Most online training programs are pedagogical and shouldn’t be because that methodology is most effective in organized classroom settings. We developed heutagogical learning model called the SIPS Instructional Method. It is proven, practical, and powerful. Those who engage in our online courses see measurable gains in crucial soft skills in less than 8 minutes per lesson per day. The content is relevant and appeals to various types of learning preferences. There is a short quiz after each lesson to gauge retention, and our model has the highest user engagement rates in the industry.

As a Top Innovator in Education Technology, how do you envision the future of online training, especially in the context of soft skills development? What advice would you give entrepreneurs, HR professionals, and individuals looking to enhance their soft skills and stay competitive in today’s dynamic business environment?

I recently met one of the most accomplished and respected business leaders in the United States at a reception. During our conversation, he quickly said that Soft Skills ARE the new Hard Skills. He pointed out what he had observed over his many years in business and added that small, private colleges and universities need viable soft skills partnerships to remain relevant in the years to come. Of course, I wholeheartedly agree. For entrepreneurs, HR professionals, and business leaders across all industries would be well served to place soft skills in their rightful place: the most important skillset any professional can acquire. In a time where emotional health and wellness are more prominent than ever, we cannot overlook the importance of soft skills any longer. We are fortunate to be in the right place at the right time.

Mastering the Morning: The Habits of Highly Successful People Before 7 AM

Posted on by Alex

The idea of early rising and having a productive start to the day has been a hallmark of successful individuals for ages. Many successful people credit their morning routine as a vital component of their accomplishments. Before the world awakens, they often have already set the pace for their day. Here’s a closer look at the practices of some high achievers and the things they commonly do before 7 AM:

Rising Really Early

Successful individuals often begin their day before the sun rises. Early mornings offer a peaceful atmosphere, enabling them to focus on their priorities without distractions.

Exercising before the day begins

A large number of successful individuals engage in some form of exercise before the day begins. Whether it’s a workout routine, yoga, or a morning run, physical activity energizes them for the day ahead.

Meditation and Mindfulness

Some take the time to meditate or practice mindfulness exercises. This quiet time helps to reduce stress, increase focus, and foster mental clarity.

Goal Setting and Visualization

High achievers often set aside time for goal setting and visualization. They visualize their ambitions and set intentions for the day, week, or even long-term goals.

Eating A Healthy Breakfast

Many successful people prioritize a nutritious breakfast. Eating healthy and fueling their bodies with the proper nutrients is crucial for sustaining energy throughout the day.

Reading and Learning

Reading news, books, or educational content is a common habit. Successful individuals value constant learning, making time for self-improvement in the early hours.

Productivity and Focus

Early mornings are often allocated for tackling the most challenging tasks. With less distraction, they can concentrate on high-priority projects that require focus and creativity.

Networking and Communication

Some leverage the quiet morning hours to respond to emails, plan their day, or even connect with colleagues or mentors in different time zones.

Personal Time

A crucial aspect of a successful morning routine is having personal time. Whether for self-reflection, journaling, or simply enjoying a quiet moment, this time is essential for self-care.

Creating a Consistent Routine

One of the critical factors among successful individuals is maintaining a consistent morning routine. Having a structured schedule helps them establish a sense of control over their day and optimize productivity.

The key takeaway from the habits of successful individuals is that they value their time, prioritize their well-being, and set a positive tone for the day. By starting their mornings with intention and discipline, they are better equipped to manage the day’s demands and achieve their goals.

Implementing these practices into your morning routine can be a transformative way to enhance productivity, mental well-being, and overall success. With consistency and commitment, embracing these habits can lay the foundation for a fulfilling and accomplished life.

Unlocking the Treasure Chest: High-Paying Online Jobs for the Modern Job Seeker

Posted on by Krissy

In the rapidly evolving digital age, high-paying online jobs are reshaping the world of work. The traditional 9-to-5 office job is no longer the sole path to financial success and career fulfillment. The internet has brought forth a multitude of opportunities for professionals to carve out their own paths, harness their skills, and secure substantial incomes without ever setting foot in a traditional workplace. From remote work to freelancing, here’s a guide to high-paying online jobs and how to embark on a digital career journey.

Remote Project Manager

Companies now employ project managers to manage teams and initiatives from a distance as a result of the growth of remote work. These roles offer competitive salaries and the freedom to work from anywhere in the world.

Freelance Writing

Talented wordsmiths can explore the world of freelance writing, from content creation to blogging, and can earn big bucks for their expertise.

Software Development

Tech-savvy individuals with coding skills can tap into the world of software development and build lucrative careers as web developers, app developers, or software engineers.

Digital Marketing

Online businesses depend on digital marketing experts to promote their products and services. Specialized skills in SEO, social media marketing, and pay-per-click advertising can command impressive paychecks.

Graphic Design

Creative minds can turn design skills into well-paying online careers. From logo design to web graphics, there’s a high demand for graphic designers in the digital realm.

Online Tutoring

Sharing knowledge is more profitable than ever. Becoming an online tutor in subjects like mathematics, science, or languages can lead to substantial income.

E-commerce Entrepreneur

With platforms like Amazon and eBay, anyone can become an e-commerce entrepreneur. Selling products online has the potential to generate significant revenue.

Affiliate Marketing

By promoting products or services and earning commissions on sales, affiliate marketers can build substantial online incomes.

Virtual Assistance

Administrative professionals can take their skills online and work as virtual assistants, offering support to businesses, executives, and entrepreneurs.

Content Creation

On websites like YouTube or Twitch, content producers can earn a sizable income from advertisements, sponsorships, and donations.

Stock Trading

For the financially savvy, online stock trading and investment can lead to significant financial gains.

Cybersecurity Analyst

As cybersecurity threats increase, the demand for experts in this field is growing. Professionals in this role can command high salaries to protect online systems from cyberattacks.

App Development

Building mobile apps, either for personal projects or client work, can lead to lucrative online careers.

Data Analysis

Analyzing data and providing insights to businesses is a high-demand online job that offers competitive pay.

E-book Author

Writers can self-publish e-books and earn royalties from online sales, building a long-term income stream.

As the digital landscape continues to expand, these high-paying online jobs offer exciting opportunities for individuals to take control of their careers and financial futures. The key is to identify your skills and passions, find the right niche, and be prepared to work hard, adapt, and learn in a rapidly changing online world. With the right strategy and dedication, online job seekers can achieve their goals of financial success and career satisfaction.