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Posts Tagged ‘business therapy’

Pipelines, people, places and prices

In Business Development and Infrastructure on February 1, 2011 at 5:33 pm

The 4 P’s of keeping your business activities in balance: pipelines, people, places and prices. Each one of these P’s requires your consistent and careful attention. Without a filled pipeline, you will constantly be looking for new clients. Without connecting with people, no one will know or care who you are. Without visiting the right places, you could miss exciting opportunities and you could experience monotony. Without appropriate pricing you could be losing money and/or clients.

Pipelines. Marketing is a verb; meaning an action and when it’s done consistently, it produces results. There are a wide variety of ways to incorporate small marketing tasks that will add up to big results. Refine your marketing message so that it speaks directly to your target audience. Ensure your product or services solve an identified pain point. Clearly communicate your marketing message on your website, blog and social media networks. Keep it fresh. Update your offers and promotions at least, quarterly. Never stop marketing. Staying top of mind ensures potential clients remember your name first when the need for your product or services arises.

People. It takes about 7 touches before a client makes a sale. Develop an effective follow-up system with potential clients. (i.e. 1-day, 3-days, 14-days, 21-days and then monthly newsletter or announcement). Despite the social media wave, there is still a lot of value in face-to-face meetings. Create a personal touch that is unique to you and your customer experience.

Places. Step away from the desk. You can’t get refreshed by doing the same activities and looking at the same four walls day in and day out. Get out and visit local businesses and explore new relationships. Change your routine and experience diverse perspectives by venturing into new geographical areas and seeing people and places you don’t normally visit.

Learn more about recent trends in your industry by connecting with your local professional and trade associations. Attend a trade show in your area or region and seek out new opportunities and markets.

Prices. When was the last time you gave yourself a raise? A raise is always possible regardless of the economy. Consider raising your prices. You might lose a few clients due to the price increase, but you’ll actually be able to give each client more attention, and make more while working less. Market your services to a target market that is recession proof. Do a SWOT analysis and figure out how to service more people at one time for less money (i.e. speaking, ebooks, memberships, teleseminars, etc.)

BONUS: Practice makes Perfect.

Be sure to spend a little time developing the 4 P’s of fundamental business activities. Each one will ensure your business practices are solid and provide you with some of the necessary discipline for growing your business.

Need help reviewing and organizing the fundamentals of your 4 P’s? consider Micro Business Therapy. It’s common sense, practical and realistic. Don’t forget… we want to hear from you. Share your comments and questions below! To address your specific concerns, Skype me: amichelleblakeley or email me at info@simplicitymastered.com

WANT TO RE-POST THIS ARTICLE ON YOUR BLOG OR USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE? You may, as long as you include this complete blurb with it:

For over 18 years, Simplicity Mastered™ founder and CEO A. Michelle Blakeley has owned or managed small businesses and nonprofit organizations. Expert in her field, Blakeley personally guides her clients out of their Business Brain Freeze™ to streamline operations, increase return on investment, and attain quantifiable results. Forbes.com and FinancialPost.com each recommended her as one of 30 Women Entrepreneurs to Follow on Twitter, joining the experts who know that Blakeley is a master at growing small businesses … and doing it with “Simplicity.”

 

 

Change is not as easy as you think

In Business Development and Infrastructure on January 18, 2011 at 9:44 pm

Progress should be every small business owner’s objective whether it be increased sales, establishing expertise, brand recognition, organization, functional systems, etc. The list could go on. With a new year, brings excitement, motivation and aspirations. However, it also brings new challenges, anxiety, uncertainty and soon, overwhelm.

The problem with a new year and resolutions is that the New Year essentially is just another day. Unfortunately, we don’t get a clean slate at the strike of mid-night, so all of our issues and concerns and disappointments of the day before are still there. With resolutions, we employ the best of our intentions and ideals to motivate ourselves to look forward to a better year and give us hope. However, resolutions become short-lived and the New Year gets tramped on in anticipation of yet another new year. And real change becomes the daily struggle again.

Progress can only be made with careful calculations. You have to truly understand how you got to the point you are at right now; the past. You have to know who you are and what your capacity is. Sometimes the best of intentions cause the greatest harm; the present. And you have to be able to move forward from a standpoint of reality and practicality; the future.

The past. You can’t move forward without knowing where you’ve been. There is a reason we’ve heard this over and over again. Because it’s true. How will you ever know what needs to change unless you know what the underlying faults and root causes of missed opportunities are? Just like a doctor, you have to treat the disease, not the symptoms. If you are lacking a clearly defined target market, you may not be clear on what the benefits of your product or service are.

The present. What are you capable of right now? With everyday distractions, deadlines and commitments, know what you can realistically expect from yourself. Know your faults. Know your strengths. And be able to exploit them both.

The future. Rome was not built overnight, so why do we continue to expect ourselves to achieve so much in such a short period of time. Without benchmarks to closely measure your progress on a regular basis, you’ll have no idea what works, what doesn’t work and why. Which, in turn, prevents you from making necessary adjustments. (i.e. how will you know if you are reaching your ideal clients?) Real progress is carefully planned for and measured. Your future is created by the actions you take today.

Real change should yield progress. Progress cannot be made without proper planning. Smart and savvy small business owners understand the importance of and value proper planning. Proper planning is never complete without giving careful thought to the past, present and future. So, if you resolved to make changes this year and find it difficult to break away from old behaviors, take some time to reflect and understand why you do what you and how you can better work within your means.

Developing, managing and growing a small business is a tremendous challenge. If your mission and purpose have been lost in the daily grind and fire-fighting, consider Micro Business Therapy. It’s common sense, practical and realistic. Don’t forget… we want to hear from you. Share your comments and questions below! To address your specific concerns, Skype me: amichelleblakeley or email me at info@simplicitymastered.com

WANT TO RE-POST THIS ARTICLE ON YOUR BLOG OR USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE? You may, as long as you include this complete blurb with it:

For over 18 years, Simplicity Mastered™ founder and CEO A. Michelle Blakeley has owned or managed small businesses and nonprofit organizations. Expert in her field, Blakeley personally guides her clients out of their Business Brain Freeze™ to streamline operations, increase return on investment, and attain quantifiable results. Forbes.com and FinancialPost.com each recommended her as one of 30 Women Entrepreneurs to Follow on Twitter, joining the experts who know that Blakeley is a master at growing small businesses … and doing it with “Simplicity.”

5 Social myths that cause missed opportunities

In Business Development and Infrastructure on January 11, 2011 at 6:36 pm

Social networking is a common time trap for many small business owners. Although we recognize the importance of getting out and meeting people and networking, you do have to be mindful of the real purpose of networking – to put you in close or closer proximity to your ideal clients. Don’t be discouraged by your lack of social media skills and don’t be presumptuous in thinking social media is a cure-all. Here are some important myths to keep in mind when it comes to incorporating social media into your marketing efforts:

I don’t want my private information out there. Many business owners who are unfamiliar with how to actually use social media are concerned about their personal information being available for all to see. The truth is, you can limit what information you post to your profile. More people do themselves harm, by posting unfiltered comments and photos.

That’s for kids and “young folk.” Social Media is not a “trend,” it’s a vital and necessary business tool for all businesses. You simply cannot deny the fact that every day technology advances. It allows us to do things quicker, access information and resources in seconds and connect with people from across the world. The truth is, the “young” may simply adapt to the use of technology faster. The longer you take to adapt to the continuous growth of technology and social media, the bigger the gap will be between you and your clients.

My business doesn’t need it. Regardless of what business you are in, social media has a purpose for EVERY business. It can be used to solicit, engage, communicate, sell, announce, inform, educate, contact, manage, maintain, provide and more. All of which are important to the purpose of a business. You always want to have more clients in your pipeline than you can service and more people interested in your product than you can supply. The truth is, the sole purpose of being in business is to provide a quality product or service that meets the need of a designated target market. To effectively do this, you need to be able to reach your target market from a variety of platforms and that includes social media.

Posting your product or services will automatically generate clients. Social Media is not a “cure all.” It is a supplement to traditional networking and marketing techniques. You cannot replace personal touch with technology. People buy from people and businesses they trust. To build trust, you have to engage people in dialogue, be accessible and keep the lines of communication open. The truth is, you have to have a strategy to social media. Who are you trying to connect with? How do they want to be communicated with? What are their needs? Where do they look when they need your product or services? Why should they choose your product or services?

More contacts means more business. Just because you have 100 people following you or connected to you doesn’t mean they need what you are selling. Your product or service needs to be relevant to meeting your target market needs. Having a lot of contacts is merely a means to “spread the word.” The truth is, have more contacts simply provides you with an opportunity to share your information with more people. That’s it. Whether or not they “purchase” from you takes much more and requires a carefully planned strategy.

Online financial transactions are not safe. We’ve all heard tragic stories of people making online purchases only to be defrauded or have their identity stolen. The truth is, you can take precautions that will dramatically reduce, if not eliminate, the occurrence of fraud or theft. For instance, when you make online purchases, look for trusted symbols like Verisign, Trustee and Better Business Bureau. DO NOT respond directly to emails from your bank, PayPal® or other financial institutions. ALWAYS log-in from the official financial institution’s home page from the search menu or your saved file. Also, carefully examine the return email address. For example: (SPAM) paypal@solonet.co.id (REAL)service@paypal.com DO NOT use links found in your email, log-in separately online. Spammers have been known to send fraudulent messages wanting you to verify your personal information. NEVER verify personal information for a financial institute online. ALWAYS call the 800# found on your card.

Check out this fascinating video about the reach and effect of social media: Social Media Revolutionhttp://youtu.be/sIFYPQjYhv8

There should be a method and purpose behind your social networking efforts. Know what it is you want to accomplish (i.e. meet a decision maker, meet potential collaborative partners, ask questions for market research, connect with others in your industry, etc.). Your goal should not be to simply hand out 20 business cards.

Need help getting started with simple and easy social media skills that work for YOU? Be sure to check out Micro Business Therapy for additional information and support or ask about a customized Micro Business Plan for social media. Don’t forget… I want to hear from you. Share your comments and questions below! To address your specific concerns, Skype me: amichelleblakeley or email me at info@simplicitymastered.com Did you enjoy this article? Subscribe to Simplicity Mastered RSS and never miss a post!

WANT TO RE-POST THIS ARTICLE ON YOUR BLOG OR USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE? You may, as long as you include this complete blurb with it:

For over 18 years, Simplicity Mastered™ founder and CEO A. Michelle Blakeley has owned or managed small businesses and nonprofit organizations. Expert in her field, Blakeley personally guides her clients out of their Business Brain Freeze™ to streamline operations, increase return on investment, and attain quantifiable results. Forbes.com and FinancialPost.com each recommended her as one of 30 Women Entrepreneurs to Follow on Twitter, joining the experts who know that Blakeley is a master at growing small businesses … and doing it with “Simplicity.”

 

Simplicity is the ultimate sophistication.

In Business Development and Infrastructure on January 2, 2011 at 6:53 am

You cannot run a business on instinct alone. Growth isn’t just about revenue; it’s about rejuvenation. Developing, managing and growing a small business is a tremendous challenge. If your mission and purpose have been lost in the daily grind and fire-fighting, call TODAY! … Everything I share is common sense, practical and realistic.

Couch sessions: What do I do about bad press?

In Business Development and Infrastructure on December 15, 2010 at 7:32 pm

Are you a struggling, frustrated or just inquisitive small business owner? Got a question you just can’t seem to find the answer for? Please submit your small business questions here.Get a new perspective and quick tip to help point you in the right direction. Be sure to bookmark and check this page, your question and the reply may appear right here in Couch Sessions for the Small Business Owner. This week on Couch Sessions…

Q: I own a micro publishing company that prints books using print-on-demand technology. The books are on Amazon and available as e-books, but it seems to take a one-on-one approach to get them distributed to bookstores because conventional distributors don’t deal with print-on-demand. Any suggestions for how to get books distributed more efficiently? Nancy Lynn Jarvis, http://www.goodreadmysteries.com

A: Have you considered or looked into on-demand publishing sites like www.lulu.comwww.selfpublishing.com/,www.cafepress.com? They eliminate the need to hold inventory and order large quantities.

Q: Press Releases are a big part of our marketing strategy and I have yet to get a consistent straight answer on two questions and I was wondering if you had some insight. Since we basically live in the virtual world, we take advantage of available online newswires. My first question- is there any real advantage in paying for a service versus the huge number of free ones? When I talk to PR professionals they say yes, when I talk to other business owners they say no. My second question; is there an advantage to posting a story on numerous newswires? Is it considered bad etiquette? Jeff Bogensberger, http://www.socogames.com

A: I am by no means a PR expert, however, experience and research tells me that press releases are most effective when they are relevant, prepared with pertinent information and sent to reporters you have cultivated relationships with. Get to know your local reporters. It’s less about paid v. free and more about “where and who” the press release is being distributed to. Connecting to a focused audience is far more effective than a random one.

Also read these articles:

http://www.canadaone.com/promote/newsrelease1.html

Tips from a recovering journalist: How to write effective press releases that help SEO

10 key elements of an effective press release

Q: A friend of a friend asked me if I could do him a last-minute favor and participate in a webinar conducted by a female Silicon Valley business consultant. I told him that I was in pre-launch mode and not a suitable case study. The recruiter assured me that I was qualified and that the webinar was a low-key event. Putting my desire for knowledge ahead of my personal fears, I stayed up all night reading the “expert’s” summaries on “clarifying your business.”

The next morning I had 3 minutes to present my business in front of 25 callers. The expert shot me down, humiliated me, and accused me of not reading her teachings. She did the same thing to the other female presenter. This public lashing was recorded, posted on her website and followed up by a scathing written summary of me and my business. The recruiter called me and apologized profusely. I demanded that the summary be removed immediately, citing defamation, as I am a public person.

Her personal attack about me “not doing my homework and ‘spraying and praying’” was removed, but her negative summary of my business and the webinar recording remain live on the web. This is hardly the first impression I want consumers to get if they Google my business. The follow-up emails soliciting her curriculum, magnify the consultant’s strategy: Make the entrepreneur feel they need to be cured by purchasing your materials. Is there anything I can do to correct this?Jeanne Chinn, http://www.jclaboutique.com

A: What a horrific experience! Are there any avenues for a “rebuttal?” Is there anywhere on the site where you can submit YOUR point of view on what took place and correct the mis-information? What are the odds your clients will even read or listen to the audio? Do you have a blog? Write about your experience so that your readers get both sides of the story. A quick Google search of your business name did not find any “negative” information about your business. I would try to let it go and focus on continuing to provide your clients with the same wonderful experience you’ve been doing. One small incident can be easily overlooked by the abundance of your “excellent client service” and positive brand presence. I have a feeling the business consultant damaged her own credibility just in publicizing her poor business demeanor. Continue to monitor both your name and your business name. It’s good business practice.

Here is an article for additional insight: Six things you can do to remove bad press from the search resultshttp://t.co/rZW2UjN

Now let’s talk about YOU! Are YOU a struggling, frustrated or just inquisitive small business owner? Need help NOW? Get a quick tip here for your specific business concern. An Introduction to Micro Business Therapy session is held monthly (no cost). Register here. Be sure to subscribe and RSS this column at the top.

 

23 End of the year tax tips for small business owners

In Business Development and Infrastructure on December 14, 2010 at 5:26 pm

With only a few weeks left before the end of the year, instead of making a mad dash to the mall, make a mad dash to your accounting books and look for some last-minute ways to save money, spend money and prepare for the 2011 tax season. It’s not too late to get your books in order for a fruitful year. Below are some tax tips you may have overlooked, forgot or simply did not know.

Although, many of the contributors are tax professionals, please consult your tax advisor for additional information and details on these tips apply to you.

1.  Make efforts to collect receivables in 2010 and opt to accelerate bonus payments into 2010 instead of January 2011. Serene Buckley via Mary Canning, Dean of the School of Taxation and School of Accounting, Golden Gate University, San Francisco

2.  Defer income until January if possible so you will not be taxed on it until 2011. If you own stock that has decreased in value and you plan to sell it, do so before the end of the year so you can claim the capital loss on your 2010 tax return. Charles E. McCabe, CEO, www.peoplestax.com

3.  Prepare for January “sticker shock.” Several factors could lead to Americans taking home less money in their paychecks starting in January: expiring Bush Tax Cuts, expiration of the Making Work Pay credit (extra $400 – $800 in your paycheck) and Higher health care premium costs. Kathy Pickering,http://www.hrblock.com

4.  Pay state and local income taxes now, that way you can deduct them for 2010. Any payments made on a credit card or by check dated before the end of 2010 are eligible. Joshua Friesen,http://www.clergytaxnet.com

5.  The new healthcare legislation passed this year will require businesses to issue Form 1099-MISC to any for-profit corporation paid $600 or more in a calendar year starting in 2012. Now is the time for businesses to begin updating their accounts payable procedures and processes to collect this additional information. By taking action this year-end, businesses will be better prepared to deal with the new rules once they go into effect. Elizabeth Sweigart, http://www.opportune.com

6.  Establish a file folder marked 2011 Taxes. As you start to receive the annual on slot of “Important Tax Documents” in the mail simply place them in the folder you created and enjoy knowing where all of your documents are when you are ready to file your return.  Gather all of your receipts and place them in a resealable envelope or Ziploc bag to limit the risk of losing one around the house or during transport to your tax preparer. Ever stopped quickly at a stoplight and had the entire file folder empty out into the floorboard of your car or have something blow out a rolled down window? How valuable could that $100 receipt be? Depending on your tax bracket a lot, for every $100 receipt lost you could miss $28 to $50 deduction. Denise Winston, http://moneystarthere.com or http://denisewinston.com

7.  If you already have tax problems, stop procrastinating. The worst thing you can do is to ignore your tax problems. And with tax hikes planned for 2011, you need to get your own house in order now. If you have un-filed tax returns and/or you currently owe the IRS money, deal with it now before the new tax hikes kick in. Once you are liable for higher taxes, your penalties and interests will only increase with any subsequent unpaid taxes.  If you have failed to file taxes in the past and feel like the IRS is breathing down your back, there is tax relief available.  Michael Rozbruch, http://www.taxresolution.com/

8.  Equipment, furniture, and vehicle purchases made before December 31, 2010 will be eligible for a temporary bonus depreciation which allows an extra 50% of the cost of the item to be depreciated in the first year it’s used in your business. This can be especially beneficial for passenger vehicles used in a business as, without the bonus amount, depreciation on them would be limited to less than $4,000 in the first year. Jan Zobel EA, www.JanZtax.com

9.  Moving expenses. If you had to move because of a job, you can deduct the cost of moving as long as the job was at least 50 miles from where you lived. Ornella Grosz, www.moneyliciousblog.com

10.  The best tip that helps me organize for taxes is to charge as many items as I can on my debit card. I then make copies of my debit card statements and place them into a file so that I can go through them line by line. This technique allows me to keep more accurate records and be able to better prepare for tax season. Derrick Hayes, http://www.DerrickHayes.com

11.  In my business as a consultant to entrepreneurs entering franchise business ownership from corporate America, I see many that have been downsized or displaced. This means they could have had significant income during the year and a severance package. I encourage my clients to meet with their CPA before the end of year to understand the tax benefits of purchasing their new franchise business in the same year they experienced higher income as opposed to waiting until the next year when they are likely to have less income as their business opens and grows. By doing this they begin to enjoy the many attractive tax deductions provided by the government to induce us to start our own businesses and create jobs for the economy. Gordon Dupries, www.frannet.com/gdupries

12.  Take stock of your home office. If part of your home is designated solely for business, you may be eligible to claim a tax deduction for some of your expenses. Be careful what you claim, however. The part of your home that you are claiming must be the principal place of business and cannot be used for something other than business. Karen Kobelski, http://www.bizfilings.com

13.  One of the easiest win-win situations for year-end tax planning is to clean out your closets and donate what you do not need to charity. Make an accurate list accurately detailing the cost and true fair market value for each item that you are donating. You can deduct the lower of the cost or fair market value. This way you helped out some one in need and get a tax deduction at the same time! Gail Rosen, www.gailrosencpa.com

14.  Buy health insurance through your employer even if you have an existing condition, you cannot be denied. Employers are required to cover no less than 72.5% of the cheapest health insurance plan for individuals, and no less than 65% of the cheapest plan for families. Small businesses should offer health insurance to their employees to receive a 35% tax credit. Harrine Freeman,http://www.hefreemanenterprises.com

15.  Estimate next year’s taxes. It is a good idea to estimate next year’s taxes and plan based on the estimate. This is especially important for people who will be impacted by the expiring tax cuts. All tax brackets are likely to increase. Major changes are in store for married couples and parents, as well as people who owe estate tax. Those who must pay estimated income taxes could estimate their 2011 earnings to sketch out their tax burden. Jeff Staley: www.freedomtaxrelief.com

16.  Hit the books or attend a business conference. Small business owners who are interested in furthering their education should be aware of current tax incentives. The amount and type of tax deduction depends on a few things (1) classification (sole proprietorship or C corp.) (2) type of education, and (3) the small business owner’s personal tax background. Examples include: Small business owners can take advantage of the AMERICAN OPPORTUNITY CREDIT of up to $2,500 per year for the first four years of higher education through 2010. After 2010, it will revert to the HOPE CREDIT of up to $1,800. Small Business owners can deduct attendance fees, and even room and board for business/educational seminars they attend. Paul Heiselmann, www.bdo.com

17.  Tax loss harvesting. Consider selling, at a loss, an investment that does not belong in your portfolio and allocating that money towards a more appropriate investment.  This will allow you to offset capital gains and taxable income.  Tom Mooney, https://www.veritat.com/

18.  With the IRS, spelling counts. Double-check the correct spelling of employee names and addresses, and especially Social Security numbers. Do the same for 1099 payees. Len Redon,www.paychex.com

19.  Use the 12 by 12 Method to get organized for tax time. Give your self 12 days during the next few weeks to through your bank transactions and credit card transactions to isolate those charges that are tax-deductible. If you give yourself 12 days by 12-31-10, you will be a head of the game and will start your New Year off organized. Karla K. Dennis, Cohesive, Enrolled Agent

20.  If you own a small business, consider paying your kids to help you and take a tax deduction of up to $5,800 per child depending on the job they are doing. The child will not have to pay income taxes if they are under 18 and you will not have to pay employment taxes. This is a perfect way to shift income off of your return. Karla K. Dennis, Cohesive, Enrolled Agent

21.  Make up an estimated tax shortfall with increased withholding. If you’re in danger of being penalized for not paying enough tax throughout the year, try to make up the shortfall through increased withholding on your salary or bonuses. Paying the shortfall through an increase in your last quarterly estimated tax payment can still leave you exposed to penalties for underpayments in previous quarters. But withholding, is considered to have been paid ratably throughout the year. So a big bump in withholding on high year-end wages can save you in penalties when a similar increase in an estimated tax payment might not. Doreen Griffith, http://www.grantthornton.com/sanfrancisco

22.  Know what medical deductions are allowed. There are numerous medical costs that are deductible including lasik eye surgery, doctor-prescribed weight loss programs and capital expenses for ramps, railings, etc. installed in a home to accommodate disabilities. Don’t overlook mileage to and from the doctors, hospitals, and the pharmacy. Joshua Friesen, http://www.clergytaxnet.com/

23.  Start saving now. While IRA contributions are permitted through the tax-filing deadline, making a contribution early can provide additional tax-deferred growth potential. Alison Cahill,http://www.etrade.com

WANT TO RE-POST THIS ARTICLE ON YOUR BLOG OR USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE? You may, as long as you include this complete blurb with it:

For over 18 years, Simplicity Mastered™ founder and CEO A. Michelle Blakeley has owned or managed small businesses and nonprofit organizations. Expert in her field, Blakeley personally guides her clients out of their Business Brain Freeze™ to streamline operations, increase return on investment, and attain quantifiable results. Forbes.com and FinancialPost.com each recommended her as one of 30 Women Entrepreneurs to Follow on Twitter, joining the experts who know that Blakeley is a master at growing small businesses … and doing it with “Simplicity.”

Couch sessions for small business owners: How do I market my app?

In business challenges, business development, business stress, micro business, micro plan, one page business plan, start-up on December 8, 2010 at 4:27 pm

Q:  We recently had an issue where a vendor refused to pay an invoice.  There were no complaints about the service.  Their stated reason was a matter of the vendor’s employee who made the agreement failing to get authority.  It was frustrating because a quarter of a billion dollar company that made thousands of dollars off of our promotion refused to pay our $600 fee. We brought 400 customers into their store and watched them ring up dozens of high-end sales. We learned a lesson and will now require prepayment before executing a promotion.  But, what should we have done?  $600 is not worth suing over.  We don’t want to create bad blood.  But, they took advantage of us.  When should we write something like that off as a loss and when/how should we get more assertive? Carl Ewald, www.ODDysseyHalfMarathon.com

A: As a business owner, you need to choose your battles and determine what you will consider a “lesson.” It sounds like you have done just that. Recognizing an error that could be prevented in the future and making an immediate adjustment is key to being a wise small business owner. Determine how long you are willing to “wait for payment,” what your “cut-off” (dollar amount) is to proceed with legal action or write off, make it all policy and stick to it.

Q: As other one-man business owners know, you have to wear a lot of different hats to get the job done. One of the most painful parts for me is trying to get new clients via cold calling. I hate that “telemarketer” type approach. Do you have any tips for making it easier or getting clients another way? Also, are there any good services that do the calling for you for a fee? Matthias Hager,http://www.2helixtech.com/

A: Is “cold-calling” necessary for you to connect with potential clients? An effective and efficient way to connect with clients is social media and social networking. First, contact your sphere of influence (friends, family, associates, local vendors, group members, people you talk to on a regular basis, etc.) and see if anyone has any potential leads. We are only 6 degrees of separation from those who can take us to the next level.  Identify your specific audience, create a marketing message that clearly states the benefits of your product or service, find the social networking sites that your ideal clients use and start sharing relevant information, introduce yourself and make connections and start cultivating relationships. Social media is a very powerful and effective tool when planned and used properly. I can tell you this from personal experience. I’ve never made a cold call and I was only on Twitter for 6 months before I was mentioned in Forbes as one of 30 Women Entrepreneurs to Follow on Twitter. And yes, I have gotten clients from Twitter and other social media networks. However, again, it takes planning and time.

Q: I launched “THAT SHOULD BE ON A PILLOW!” for the holiday season in 2008, right after the meltdown. Not the brightest move, especially selling a “non-essential,” high-priced item. I have consistently gotten rave reviews from all of my customers by over-delivering on product and service. They don’t expect the attention to detail and craftsmanship. The orders are trickling in– 58 items so far this year. Two of which were corporate orders. I think the only way to make money at this is with multiple orders of the same design (corporate gifts, weddings, special events). The individuals who find me by Googling “custom phrases on pillows” are never going to create enough volume to get me out of debt, I net 20% per order. And shipping costs are killing me. Do you think focusing on corporate gifts would be the right move? Would firms be interested in the pillow as a gift idea that could feature a corporate credo, the CEO’s mantra, an advertising slogan, a sales lesson, etc? Are event/meeting planners a good target? Many thanks for your help. Anne Marshall, http://www.thatshouldbeonapillow.com

A: You may want to start by analyzing/profiling your previous sales. Develop a short customer survey. What exactly interested them in your product, why did they purchase from you and how did they find you? You also need to look at your client demographics. In addition, some market research on novelty items and purchases will give you some insight on other potential target markets. You may want to consult with an SEO expert to see how you could incorporate keywords like “novelty” “corporate gifts” “bridal gifts” etc. into your website. The wedding industry sounds like a viable place to market your wares as well (bridal gifts). Are there any potential collaborative partners/vendors you could connect with?

Q:  I launched a new iPhone app, Fabric U , a few months ago with much anticipation. This was going to be the app of all apps. The one that I could bank on, the one I could retire on…you get the idea. I haven’t had an avalanche of downloads since. What I’ve earned could pay a few bills, most of the utility variety. I’m actively promoting my app by commenting on related blogs. That’s probably the extent of my advertising. I also have a t-shirt that says, I app-solutely myFabric U iPhone app! Anyhow, I’m working on another app, Yarn U, which I hope will be even more popular…however, I’m haunted by the humbling lessons I’ve learned on my first app. What can I do to learn more about my audience for my first app, which I can apply to my newest product? That said, I don’t know who’s buying Fabric U. If I knew more I could re-jigger the content even the app promotional content on iTunes. Do you have any ideas for me? Mary Beth Klatt, http://tinyurl.com/242bua9

A: I would suggest you find a way to capture nominal info (demographics) on your buyers as a starting point. Perhaps as part of the “download” or purchase process. Where are people who would benefit the most from using your application “mingling?” Are they even tech-savvy? Can you partner with another vendor who may have access to your ideal clients (i.e. Joann’s, Michael’s, local arts and crafts stores, etc.) They could add/incorporate your app into their site, marketing, etc.

Now let’s talk about YOU! Are YOU a struggling, frustrated or just inquisitive small business owner? Need help NOW? Get a quick tip here for your specific business concern. An Introduction to Micro Business Therapy session is held monthly (no cost). Register here. Be sure to subscribe and RSS this column at the top.

 

10 Smart and savvy small business questions for 2011

In Business Development and Infrastructure on December 7, 2010 at 10:06 pm

Before you start the New Year, make a quick analysis of your current business condition so that you can make the appropriate adjustments. Review every aspect of your business so that you are clear about your position, how and why you got here and where you should go from there.

1. Where have you been? Before you can look forward, you have to look back. Good or bad, history tends to repeat itself. Sometimes the old adage is true, if you keep doing what you’ve been doing, you’ll keep getting what you’ve been getting. However, when you are not prepared to adjust to change, you get left behind. Get clear about what your priorities and objectives are, know where it is you need to be and how to get there.

2. Who or what received most of your time, energy and resources? Have you been busy or productive? There is a difference. Busy work simply passes time. Productive work generates results. Have you allowed individuals or clients to deter you from your goals, objectives and priorities? Take the time to cut the fat and work on establishing a pattern of discipline and correct poor business habits.

4. What are your clients’ current needs? In the small business world, things change fast and the only thing clients are loyal to is ensuring their needs are met. How are you keeping up with the changing needs of your clients? When is the last time you asked your clients “How can I help you take your business the next level?” or “How can I be of better service to you?” or “What am I doing really well at?” or “What can I improve on?”

5. Who can help you get to the next level? Real conversations cultivate real relationships. Developing a solid foundation of powerful connections can grow your business fast and effectively. Know how and when to ask for help. Social media is only a means for introductions. You have to put forth the effort to turn those introductions into relationships and then into opportunities. Everyone is only 6 degrees of separation away from the one person who can turn their business around.

6. What received the least amount of your time, energy and resources? Avoiding those things that you don’t want to know, do, admit to or need to change can stifle and eventually destroy your business. Not to mention you are missing out on a golden opportunity to LEARN. The wisdom is in the journey. With each dreaded task or fear you face, you empower yourself to be stronger and more confident to face the next one.

7. How can you make better business decisions? Decision paralysis and information overload plagues many small business owners. However, overcoming them is not as hard as you would think. Knowing your purpose, your priorities, your ideal client and your capacity keeps you armed and prepared to make quick judgments on how new ideas, thoughts, etc. fit into your bigger picture.

8. What facet can I improve? How are you honing your business skills? Are you seeking wise counsel, attending workshops and conferences, reading business books, acquiring professional certifications, etc. You can only rely on your current knowledge for so long. Keep your skill set, your awareness and principles current and up to date. Commit to improvement and never be satisfied with your current level of knowledge.

9. How will I measure progress? You won’t know how far you’ve come until you know where you’ve been. How will and do you measure success and progress? Be specific and realistic. Lofty goals can be burdensome just thinking of them. Make sure your goals are measurable and check your progress at least once per month so that you can make adjustments and changes where needed.

10. How can you be prepared for being in the right place at the right time? Plan appropriately and allow for flexibility. Practice business discipline. Be consistent. Be clear and concise. Your power is not in the number of connections, but in your relationships. Never be afraid to ask for help.

WANT TO RE-POST THIS ARTICLE ON YOUR BLOG OR USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE? You may, as long as you include this complete blurb with it:

For over 18 years, Simplicity Mastered™ founder and CEO A. Michelle Blakeley has owned or managed small businesses and nonprofit organizations. Expert in her field, Blakeley personally guides her clients out of their Business Brain Freeze™ to streamline operations, increase return on investment, and attain quantifiable results. Forbes.com and FinancialPost.com each recommended her as one of 30 Women Entrepreneurs to Follow on Twitter, joining the experts who know that Blakeley is a master at growing small businesses … and doing it with “Simplicity.”

 

35 Ways to keep your clients YOURS

In Business Development and Infrastructure on November 1, 2010 at 6:17 pm
What does it take for clients to continue to choose your product or service over your competitors? Many small business owners seem to think it boils down your client service philosophy. Even if your product or service is needed, there is no guarantee your client will return to use it again.
1. We first developed a plan for what it is we wanted to do; we then found out what our clients wanted (we actually took the time to meet with many of them). Our third step was to meld what we wanted to do with the services our clients told us they wanted. We pride ourselves in delivering 1% more. 1% more than our clients expect; 1% more than we did last time; 1% more than our competitors. Howard M. Rosen, CPA, JD, www.connerash.com
2. I always put myself in the position of the other person or company.  This means asking more questions at the start to understand their point of view and then delivering in a manner consistent with their expectations. The surprise is that so many companies put quick money above service (and so many customers expect so little).  If you cannot provide a great service for what you charge, you should tell people that in advance.  Sometimes they will accept less for less, but providing them with the right solution is always the best answer. Dan Walter, Performensation
3. Our customer service philosophy is based on honoring and acknowledging our customers individuality and being grateful for them.  Our practices includes, memorizing and using new and returning students name a few times in a class and on the phone (without having to ask the customer again what their name is).  If they tell me a little tidbit about their lives in small talk, I later (or if on the phone will make a note of it immediately) and then later reference that in my next conversation with them. Jasmine Kaloudis, www.synergybyjasmine.com/
4. In this era, if companies want to have rapport with their customers, it begins by listening to the problem, actually owning the problem and delivering the solutions. In my business, owning the problem means owning the solution and always has. Andy Abramson, CEOComunicano, Inc.
5. My philosophy is pretty simple actually: be accessible and willing to help and always, always SMILE… They can hear it even on the phone or in an email! Nancy Shoemaker, www.dph.unl.edu
6. Everything we do for our customer is centered around making them money. If we can streamline their processes, sell them a product they can charge more for, back up their brand, etc., we have added to their bottom line. We are honest, we under-promise, over-deliver and we invest in our business so that they can plan for their future with us. Hazen Arnold, www.dixonpowhatan.com
7. We always have a human answer the phone. We exceed customer expectations on callbacks. We don’t tell the customer we will call back later. We ask them for a specific time. And our hold music is not music, but a comedy routine. We keep the customer entertained. Arthur Zards, www.xnet.com
8. What makes our client experience so valuable is we show genuine interest in our clients’ lives, learn about their personal values and create an intimate relationship with the clients. How we make our clients feel special is by being proactive, responsive, accountable and remembering what is most important to them. Evan Shorten, www.paragonfinancialpartners.com
9. At the end of the year I send a present to all our customers. Yes, all 10,000 receive a gift from us thanking them for being our customer. It has been a free product or discount cards. Last year we sent them Jelly Bellies(R) in a cute pouch with a discount card. Everyone likes presents! We also have put together packages of good products (not clearance items) and given them a big discount and entitled them Prosperity Packages or Give It A Go–try and see how it works. Sandy Stein,www.FindersKeyPurse.com
10. I was an Operations Manager for over 15 years and was directly responsible for customer happiness. One day I realized that it wasn’t just about contact or listening to the needs of your customers; it’s a lot to do with training. I don’t mean training your customers, I mean your employees. Today, it is very obvious by the lack of customer service out there that training employees is not an issue and should be. When a business sets the example, the message is filtered down. Make it important to you (manager) and it will be important to them (employee) as well. Maria Lazzati, www.theparalegalstore.com
11. Venissimo’s mission is to share the goodness & glory of cheese. The receipt includes a complete description of every cheese purchased, including wine pairing suggestions. Plus, because it’s too hard to remember the names of every cheese, we keep track of purchase history to help our guests remember their favorite fromage! The greatest compliment we ever heard was, “You should sue Disneyland because THIS is the happiest place on earth.” Gina Freize, www.venissimo.com
12. Its not that the customer is always right – sometimes they have bad ideas or misguided expectations.  But our customers always have the right intentions – and so our service philosophy is to always respect the customers desire to achieve the most good with their efforts, and to try to find a way to accommodate the spirit of their requests, even if the specific request is a little off the mark. Roger Devine,www.schoolauction.net
13. We make our customers feel special by hand-writing ‘thank you’ on all invoices that leave our warehouse, including a free sample with every single order, not having a minimum order and answering all email and phone queries within 24 hours. We have fanatical customer service and our customers have rewarded us for it. Anne-Marie Faiola, www.brambleberry.com
14. As an entrepreneur to solo/entrepreneurs, my customer service philosophy is simple: BECOME A PART OF THEIR ORGANIZATION. This is easy because I only work with clients whose vision I can see and believe in. I then manage my client load so that I can give each client complete and undivided attention with every interaction. My clients literally see me as working for them because I operate as if my business does not exist and I have no other clients to serve. Beverly Floyd, www.corporatevine.com
15. Thriving companies create a world-class experience, make their clients feel special and stay top of mind. Building and maintaining long term relationships is the key to sustainable success. Rod McKinnis,SalesisSimple.com
16. I try to meet with my clients outside of our regular monthly marketing meetings at least a few times a year to connect with them on a personal level. Lee Deas, www.obviouslee.com
17. When I find leads on other sites that could benefit a client or makes me think of them, I always forward it along with a personal note. Sometimes the forwards are regarding their personal interests, usually business. They are always appreciated. Susan Finch, www.susanfinch.com
18. My three rules for success in my business is: Rule #1: Take care of the customer Rule #2 Take care of the customer Rule #3 Take care of the customer. Donna Gould, www.phoenixmediapr.com
19. We use specialized web-based tools such as Pivotal Tracker to track workflow at a very detailed level and achieve maximum transparency. The communication load is high, but it keeps the team cohesive and always moving toward maximum business value for the client. Obie Fernandez, www.hashrocket.com
20. Every user is welcomed with a hand-written note and magnet from me. I love sending them because it’s an opportunity for me to offer individual advice about making the most of our service; the magnet is a fun way for us to stay top of mind in the ‘offline’ world. Dana Ostomel, www.depositagift.com
21. I send each client a weekly status report. If a week goes by and my client does not hear from me then they should consider me dead! William Michael, www.VallartaEscapes.com
22. Our customers may be going through a hard time adjusting to life having to use catheters whether it is from an injury or other situations. They need someone to talk to – so we’re there for them. Our focus is on customer service. You’re always going to talk to a live person. But also it comes down to the people that you hire. So we also try to do the legwork on the front-end to try and make sure we’re hiring people who are compassionate and caring. Kieranne Robles, www.180medical.com
23. Listen to your clients. I know that sounds basic, but as an attorney, that is the number one way I get and keep clients. Frequently lawyers don’t return calls, and even if you can get one on the phone, the conversation is often rushed and impersonal. By taking the time to listen to clients, I make them feel valued. As one client said to me “I know that I’m not your biggest client, but you make me feel like I am.” Bob King, Esq., www.legallynanny.com
24. Create a process that is streamlined and systemized. Help customers manage costs and increase efficiencies. Liz Anderson, www.ots.net
25. We actually compete with one another within the office to see who can find a more ‘awesome’ solution to a customer or client complaint, with the goal of really wow-ing them. The best way to get people to really care about you is to demonstrate that you really do care about them. Jordan Harbinger,www.TheArtofCharm.com
26. Our elevator pitch is ‘the right people, with the right attitudes, surrounded by the right environment, will lead to great customer experiences.’ Sage, as a whole, tries to equate the customer experience with a memory, because the memory of the company you take with you IS the experience.” Doug Meyer,www.sagenorthamerica.com
27. Pre-qualify customers before you work with them because they may not be a fit with you and your business. If you do everything possible to please this customer but they choose to continuously cause problems, then you need to fire them. Ashley Bodi, www.BusinessBeware.Biz
28. Client expectations may not be realistic, so I always provide options with a variety of budgets, timelines, resources, etc. I value organic processes that enable me to paint a realistic picture of potential risks as they relate to client- and market-imposed constraints, and then adapt the plan as needed. Dave Ryder, www.veerconsulting.com
29. Sometimes when you help a customer with a problem, they end up trusting and liking you more than if they had ordered and never even had a problem in the first place. Our philosophy is to reply as fast as possible and to simply give the customer what they want. Some companies fear the cost of bending over backwards, but if problem calls are only 2% of sales, then you can certainly afford that expense. We are now working to add online chat help to our websites as another way of simply being there immediately to respond to questions or problems. “Sex Toy Dave” Levine, www.sextoy.com
30. As a start-up that ships live jellyfish all over the country, customer service is incredibly important. The largest obstacle we face with our customers is their trust in the shipping process.  Second to that is the jellyfish survival rate.  Customers want to know they can talk to an expert whenever they have a question.  It lets them know that we care about their jellyfish and we value their feedback.  As a result, it gives us important information on how we can improve.  We know having live jellyfish raises a lot of questions. Since the company started we have managed to increase the jellyfish lifespan to one year. That is a direct result of our customer feedback.  We can now boast that our jellyfish live longer in our tanks than if they were in the wild. Cameron Urban, www.jellyfishart.com
31. Clients feel special because we listen and tailor. We recently had a client who accepted our proposal primarily because we described in detail, in writing, what our understanding was of their current situation and needs. Knowing his situation in-depth and recommending an approach before he was ever asked to spend a dime was what impressed him. Ed Gagnon, www.cssamerica.com/
32. Our customer service is special because we personally respond to every single email that comes and not with a form letter. We actually answer every question and end by asking, “Did that answer your question?” Carrie Rocha, www.pocketyourdollars.com
33. Gauge expectations if they are unrealistic and make corrections early in the process instead of creating disappointment at the end. Deliver on what you promised when you promised it. Be realistic about your timelines and make sure you can fulfill that customer’s need. Dan Paulson,www.invisionbusinessdevelopment.com
34. I am a country funeral home and occasionally I gift a family with a free funeral. No questions asked. I am known for doing this when a family is truly in need. Affectionately known as the Green Reaper, many clients, colleagues and members of the public at large consider me their Portland-area go-to girl for making paper mache urns, finding sea grass caskets, or teaching regulations about burying a decedent (legally!) in their backyard. My philosophy is to always be compassionate. This is a gift and I want to give to every family that comes in my doors. Elizabeth Fournier, www.cornerstonefuneral.com
35. How “personalized” you can make the service you provide is often the only differentiator in how “great” it truly is. One way we like to stay “top of mind” is with our unique communications. We use video, podcasts, and blogs as our way of staying in front of our clients. Charles Johnson,www.iaminvest.com

WANT TO RE-POST THIS ARTICLE ON YOUR BLOG OR USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE? You may, as long as you include this complete blurb with it:

For over 18 years, Simplicity Mastered™ founder and CEO A. Michelle Blakeley has owned or managed small businesses and nonprofit organizations. Expert in her field, Blakeley personally guides her clients out of their Business Brain Freeze™ to streamline operations, increase return on investment, and attain quantifiable results. Forbes.com and FinancialPost.com each recommended her as one of 30 Women Entrepreneurs to Follow on Twitter, joining the experts who know that Blakeley is a master at growing small businesses … and doing it with “Simplicity.”

What happens when you take your own advice (Part III)

In Business Development and Infrastructure on October 26, 2010 at 6:05 am

This is Part III of a four-part series on “what happens when you take your own advice.” (Part IPart II ). In the middle of a re-brand of my existing business, my husband and had the opportunity to open a fine art gallery (see www.evolvethegallery.com). To minimize the disruption to my existing business and maintain my clients’ needs, I relied heavily on my established systems and the same tips, tools and techniques I encourage my clients to use. Including:

Collaboration with complementary businesses is a must. A great way to collaborate with other businesses is to have them contribute to and sponsor your event. They get the exposure and you get the added help, product or service. You always want to enhance the value of what you are providing your clients. Look for hidden and creative opportunities in your local communities.

There is a small movie theater (The Guild Theater) across the street from our gallery. As part of our inaugural opening, we wanted to show movies that went with the theme of our show. The movie theater was looking for new ways to draw traffic and increase their presence in the community and we needed a cost-effective way to provide film-screenings. We invited the manager over for a tour of the galley and discussed the benefits of collaborating. It was a win-win. So much so, they offered to do the film screenings every Friday for a month at no cost to us and we did the same by offering the screenings to our guests at no cost. Yes, free double-feature film screenings for a whole month (and access to the theater for two complimentary panel discussions on Saturdays to boot! How’s that for collaborating and keeping it local!)

Never underestimate the power of 6 degrees of separation. Connections can put a business on the map quicker and faster than “word of mouth.” Everybody knows somebody who can help somebody. Through six degrees of separation, we were honored to have philanthropists, museum curators, the Mayor and a Senator either attend our private preview reception or come by for a private tour. In addition, when we attended a book signing and discussion at the Thelma Harris Gallery, we met fine art Master, Richard Mayhew, and Bernard and Shirley Kinsey (whose personal art collection is now on exhibit at the Smithsonian). During our due diligence, we visited many galleries to see how other owners operated, looked for ways to distinguish ourselves, ways to collaborate, yielded wisdom from the experts, acknowledged their mistakes and made some good friends along the way. Thelma was kind enough to welcome us into the industry with open arms; which included introductions to art legends. The Kinsey’s are the ones who advised us to contact Senator Price’s office (see Part II).

On the day after one of our panel discussion we received a beautiful book reflecting 38 phenomenal years ofBen F. Jones creative works. There was no note, just the autographed book and a business card. When we called Ben to thank him and find out how he had heard about us, he simply said he read about our opening in a blog (The Black Art Project). After a delightful conversation, needless to say, we were humbly honored and floored. The Internet has made it a small world and you never know who knows who.

Always capture your leads, follow-up and keep in touch. Every business should have a platform for engaging and capturing leads. This could be a sign-up for newsletter box, link to a landing page, CRM system or even a link to your Facebook fanpage. For live events, it could be a registration sheet, sign-in sheet or guest book. Don’t pass up the opportunity to introduce potential clients to your product or services, share upcoming events, specials, etc. via newsletter, e-blasts and online updates. Staying top of mind is crucial. People want to know “what’s next?” and “what’s new?” CAVEAT: Do not overburden new clients and your connections with unnecessary emails and updates. It is a major turn-off and you will soon see your numbers decrease instead of increase. Be relevant, informative and resourceful.

To date, the gallery has been extremely well received in the community and we continue to be amazed at how fast the word is spreading and the wonderful people we are meeting. However, now that the “fanfare” of the grand opening has worn off, it’s time for the real work to begin; the work of maintaining and sustaining a business. There is no way I could have opened a second business without having functional systems in place with my existing business; Simplicity Mastered. The chaos and confusion would have been insurmountable and I would risk losing my clients.

Never underestimate the power of Simplicity. When your operations are organized and streamlined, it makes it easier to introduce new products/services and test new ideas. It helps you manage information and stay focused on your priorities and objectives. It also makes stepping away, less disruptive.

There’s a reason why my business is called Simplicity Mastered. There is a reason why I specialize in simplifying business processes. Owning a business doesn’t have to be hard. But it does need to be functional and productive. And it needs to be effective, efficient and done smart. There is a reason why overwhelmed and frustrated business owners call me to help them be mentally and intellectually organized to grow. I keep things practical, realistic and utilize existing resources. At some point, you have to put knowledge to work and startdoing. You are responsible for your business; the good, the bad and the ugly. It will grow or fail by your action or inaction. Make a commitment to make better business decisions today. That includes asking for help. We could not have accomplished all that we have without asking for help.

Next week, I will share with you some of my “silly mistakes,” “brain freezes” and “forget me NOTs.” NOTE: I never said the opening of a second business went off without a hitch. ☺

If you need help NOW! Get help here

WANT TO RE-POST THIS ARTICLE ON YOUR BLOG OR USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE? You may, as long as you include this complete blurb with it:

For over 18 years, Simplicity Mastered™ founder and CEO A. Michelle Blakeley has owned or managed small businesses and nonprofit organizations. Expert in her field, Blakeley personally guides her clients out of their Business Brain Freeze™ to streamline operations, increase return on investment, and attain quantifiable results. Forbes.com and FinancialPost.com each recommended her as one of 30 Women Entrepreneurs to Follow on Twitter, joining the experts who know that Blakeley is a master at growing small businesses … and doing it with “Simplicity.”

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