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Posts Tagged ‘small business development’

What happens when you take your own advice? (Part II)

In business challenges, business development, Business Development and Infrastructure, business growth, business help, business organization, business plan, business start-up on October 11, 2010 at 7:17 pm

Last week, I started a four-part series of articles on “practicing what I preach.”  The same advice, techniques, tricks and tools I suggest to my clients, I used myself to open an art gallery in about 60 days. If you missed the first article, start here

For those who read last week’s post, let’s continue…

When you operate more than one business, it is important not to mix them. Your business profiles should be separate. Keep them separate. They should each have their own brand, systems, websites, social networks, etc. You don’t want to confuse your existing clients. Especially, when the two businesses are completely different. This can be difficult because you naturally want to share your excitement about your new venture with your current clients. You can make an announcement once you’re ready to open your new doors, but limit conversation about the new venture with your existing clients. Formally introduce them at the appropriate time.

Systems are important. Running two businesses is not something I would suggest to anybody. However, if the opportunity arises, you can make it more manageable with systems. As a small business owner wearing multiple hats, you have to have systems. They allow for you to maintain some sort of organization. Since I already had a business as a Micro Business Therapist, it was important not to just disappear off the face of the earth. There is a lot of energy and years of work put into that brand; not to mention clients who need me. Having functional systems in place allows you to take breaks, test new ideas, measure your efforts, start new ventures, etc.

Use technology to your advantage. Schedule tweets and updates via sites like Hootsuite, allow clients to schedule appointments on their own via sites like Setster, schedule your blog posts a few weeks out, use your calendar to schedule and manage tasks and stick to it, automate your billing with sites like Freshbooks, setGoogle Alerts to keep up with important information (your name, your business name, trends, topics, people, other businesses, articles, events, etc.) There is a lot of technology available to support small business owners. Search for what you need and use it. When you are sick, absent or on vacation, it is important that you stay in touch with your base (via Constant ContactVertical Response, etc.). This can be difficult at times, but when you have systems and technology, it lessens the disruption in your business. (more technology resources here)

What do you want to be known for? What is your brand? Knowing who you are and where you fit in your industry is key. Branding starts with the name of your business, the look of your business, the style and feel of your business, the client experience, the whole of your business; including you and how you operate.

We opened a contemporary fine art gallery that exhibits evocative art in an intimate and private venue. My husband just de-installed our first show. He patched the holes, repainted the walls and was preparing to install the next show. The next day, I received a call from the Senator’s office requesting a private tour of the previous show. (I had called his office and sent a personal invitation three weeks prior). Anyone in the art world knows how tedious and time consuming it is to install and de-install shows. Some thought we should just have the Senator come back next month during the new show. Did we re-hang the show and invite him to come by? Or did we tell him it’s too late, the show was over and come back and see us next month? Not only did we re-hang the entire show; but we invited him and his staff members over for a private tour and lunch. Needless to say, we had a phenomenal time and it gave us an opportunity to set the foundation to collaborate with the Sentator’s office for next year’s events. Going the extra mile certainly paid off. Never underestimate the potential for opportunities in going the extra mile. Always remember your brand. If you are branding yourself as someone who provides an exceptional client experience, going the extra mile should be an everyday event.

Marketing is always a comprehensive element of small business. Don’t confuse comprehensive withcomplicated. Every small business owner should be able to manage minimal marketing techniques. Marketing basics include: website, social media platforms, press releases, free/paid ads, postcards and most important, a clear and consistent marketing message. Your brand/marketing collateral needs to look and feel professional.

Sometimes it’s not about what you do, but how you do it. We held a private preview before our grand opening and sent out 75 (plus one) custom invitations to key individuals. It only takes a few people to spread your good news when you have the right people in place. We were very careful and selective about who we invited to the private preview. This worked so well, their over-excitement generated calls to the gallery for additional invitations and some just “crashed.” We ended up with a full house and about 300 people passed through that night. When you are marketing, have a purpose, have a plan and make sure you are speaking to the right audience.

Social media is the small business owner’s best friend. It is the quickest most effective way to get the word out for a new business, new product, new service, new event, …new anything. Your connections can help move your message along the pipeline faster than a speeding bullet. Use them wisely. Take advantage of the technology, but don’t take your connections for granted. Be respectful of their time and space. Don’t overburden them with frivolous and multiple activities.

Stay tuned, next week, I’ll tell you how we got a local movie theater to sponsor our film screenings for a full month!

If you need help NOW! Get help here

 

3 Quick tips for generating bright ideas

In Business Development and Infrastructure on August 2, 2010 at 5:12 pm

The best ideas usually come by happenstance. You can’t will them into being on a moments notice. You can encourage the generation of bright ideas, however, by changing your environment, conversation and thoughts.

Sometimes, as small business owners, we are so consumed with daily activities we barely have time to think. This makes it difficult to not only generate new ideas but to recognize the opportunity when they present themselves.

Generating bright ideas can pump new blood into an otherwise stagnate or boring business. Being able to capitalize on bright ideas gets clients reinvigorated, draws attention to your brand and keeps your business fresh and lively.

Not all bright ideas will work, but having them available means opportunities to do something bigger, better or even new. Here are some tips for generating some of your own bright ideas…

Click here to read full article: http://ht.ly/2jRUw

31 of the best business books for solopreneurs and micro business owners

In Business Development and Infrastructure on July 7, 2010 at 1:58 am

Knowledge is power and this is especially true for small business owners; solopreneurs and micro business owners. Whether it’s staying ahead of the curve or operating your business with limited resources, you have to be able to make adjustments and decisions based on relevant and current information as it applies to you and your business.

We asked over 97 solopreneurs and micro business owners what business books have they read that not only have they read multiple times, but made such an impact on them or that they found it so profound, it changed the way they do business. Some of the books are well known and others are considered “best kept secrets.” One thing is for sure, these books can be powerful tools for you to build, develop and grow your business.

When you read business books, it important that you take action where necessary, delve deeper when needed and re-read for reminders. Get the most from your business books:

  • Read one business book a month or quarter, implement one or two new practices and see where your business ends up after a year.
  • Create a business book club within your network. Each person reads a business book shares or reports back to the group key insights and tips or the most important aspects of the book.
  • Swap or trade business books with your network, colleagues and friends.

Many of the tips, tools and techniques found in the following books have been found to be useful, empowering and inspiring.

Here are 31 of the best business books for solopreneurs and micro business owners:
1. 4-Hour Work Week by Tim Ferris – Provides a variety of tips and practices to achieve the 4-hour workweek the title refers to; however, it is NOT a get-rich-quick-scheme book. Submitted by R. Kaplan, www.surfohio.com

2. 9 Lies That Are Holding Your Business Back by Steve Chandler and Sam Beckford – Helps shed light on some of the biggest mistakes that entrepreneurs make and how to prevail. Submitted by T. Scarda, www.franchoice.com

3. 80/20 Principle by Richard Koch – A little-known must-read. I took it out of the library 4 times before I realized I had to buy it, have multiple copies, and distribute to everyone I know. Submitted by L. Enock, www.CUcontent.com

4. 163 Ways to Pursue Excellence by Thomas J. Peters – Reference for business practices that produce immediate results. Great for those with short attention spans. Submitted by L. Baer, www.baerdesign.com

5. Book Yourself Solid by Michael Port – (Received numerous amounts of submissions for this book) A must read for solopreneurs and micro business owners. Submitted first by M. Tremblay

6. Coherent Strategy and Execution: An eye-opening parable about leadership and management by Ravi Kathuria – Part fiction but based on real business, not just theory. Ultimately, the company is a success, but only because the CEO was willing to let down his guard, listen to a mentor and realize that he still had a lot to learn – a lesson many small business owners still need to learn. Submitted by B. Price, www.AgamaAdvertising.com

7. Crush It by Gary Vaynerchuk – Teaches honesty and transparency above all else, as well as “getting into the trenches” through social media to effectively interact with customers, peers and the media. Submitted by B. MacGregor, www.costrefuge.com

8. Dig Your Well Before You’re Thirsty: The only networking book you’ll ever need by Harvey Mackay – Details what it means to network and the types of people one should have in one’s network. Submitted by T. Lobell, Ph.D., http://drthea.com

9. E-Myth by Michael Gerber – (Received numerous amounts of submissions for this book) A must read for solopreneurs and micro business owners. Submitted first by H. Cohen, www.trainingsolutions-hlc.com

See the rest of the list here: http://ht.ly/279xV

3 Words every small business owner should be able to embrace

In Business Development and Infrastructure on June 21, 2010 at 1:33 pm

“I am sorry” is the most important thing you could say to a dissatisfied client. Every business owner has made their share of mistakes and will certainly continue to do so if they are progressing. Many mistakes can be mitigated with a simple “mea culpa.” However, many small business owners tend to offer up excuses or worse, brush off the error. As consumers, who really wants to know what the excuse is anyway? Don’t we all just want an acknowledgement that we were wronged? Wouldn’t you prefer to have someone offer you a sincere apology and small gesture of recompense than to have him or her plow you with excuses? Who cares why it happened. It happened.

Great clients are forgiving, new clients are cautious and potential clients are on the fence. When you make a mistake with a client, just fess up. Something as simple as saying “I am sorry” does 3 things:

  1. It acknowledges that you missed the mark and have fallen short of providing your client with a pleasant experience. Acknowledgment 90% of the remedy.
  2. It shows you take responsibility for the error regardless of how it happened and who is really at fault. You represent your business and that includes the vendors your use, the employees you hire, your collaborative partners, your referrers, etc.
  3. It provides an opportunity for you to resolve the error. You don’t need to give away the kitchen sink, but you certainly need to compensate your client appropriately (which could be as small as a discount or added product or as big as a complete refund).

The next time you miss the mark with a client, apologize first. Save the excuses and start with an apology. If they require an explanation, be direct, be clear and be accountable. Clients want what they pay for and they want a pleasant experience. Good news travels fast. Bad news travels at the speed of light. One bad client experience can cost you a minimum of 10 potential clients. Don’t pass up an opportunity to keep your clients happy, satisfied and returning!

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:

A.Michelle Blakeley is in the listening business. As a Micro Business Therapist, she provides an open-minded and non-judgmental ear to listen to the real issues and concerns that start-up, emerging and women entrepreneurs experience and negotiate solutions through comprehensive discussions and practical micro business plans. She is featured in Forbes.com and the Financial Post as one of 30 Women Entrepreneurs to Follow on Twitter, contributor for the San Francisco Examiner and Fearless Woman Magazine; the host of Simple Truths for Women Entrepreneurs on BlogTalkRadio.com and author of the NEW e-book: “Get it Right and Move Along… a collection of practical tips, tools and techniques for small business owners.”

What’s the worst that could happen? Bad business advice

In Business Development and Infrastructure on June 15, 2010 at 6:00 am

Mark your calendar! If you haven’t heard, Simple Truths for Women Entrepreneurs will host their 1st Annual Townhall Show on the MONDAY June 21st at 3:00 p.m. (PST). Don’t miss this month’s topic: What’s the Worst That Could Happen? Some of the worst business advice you could get and how to avoid costly and timely mistakes. We always hear about “how to” do business and what’s the best way to grow our business, but what about what NOT to do? What about the traps that are set for small business owners and the myths that can easily snare new experienced, and unsuspecting small business owners?

During our 1st Annual Townhall Show, we will talk about some of the worst business advice you’ve ever heard, clarify business myths and share with you some damaging business traps to watch out for. Join us LIVE for interactive and dynamic small business dialogue as my POWERFUL and DYNAMIC panel of co-hosts and I share our insight, knowledge and experiences – after all, it’s a show FOR women just like you! I have four intriguing, insightful and well-informed women entrepreneur panelists from all across the country to talk about all things small business related. (Think Oprah’s XM satellite radio show “Oprah & Friends” – only we’ll be talking about women-in-business stuff!) It’s the ultimate source for information AND inspiration for women entrepreneurs!

So, MARK YOUR CALENDAR and dial-in to (347) 884-9802 or log-in here http://ht.ly/1YvAq

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