The more “expert” that

marketing people 

claim to be, the less

they seem to know!

It’s like the woman telling her doctor that she couldn’t get pregnant because her husband is a marketing guy. “Oh, and why does that make a difference?” asked the doctor. “Well,” she said, “all he ever wants to do is sit on the edge of the bed and tell me how great it’s going to be!”

— ——————————–

Most marketing people have a talent for making enticing claims, but many have no clue about producing results.

Add to this dilemma, that 37 zillion web designers, SEO engineers, and social media gurus elect to anoint themselves as “marketing experts” or “marketing specialists” so they can laugh themselves silly all the way to the bank after handing over some incredulous invoice that looks like the product of a high-priced law firm . . . hourly fees, plus commissions, expenses, and hidden surprise extras. 

I was reminded today (by Southern CA-based author and Internet marketing pro Dan Joubert) on Twitter, of a Fred Allen quote that “An advertising agency is 85% confusion and 15% commission.” Having spent my first dozen years of business in what were then the world’s three most famous ad agencies, I can attest to this “85%/15%” quote being 100% true! 

In my estimation, the only truly worthwhile “marketing experts” out there are those who have started, owned, and managed their own business for at least ten years, and who have a lifelong track-record of being outstanding sales professionals.

Short of those qualifications, you’re kidding yourself if you think some cyberspaceface “marketing expert” group can do your business justice.     

                                                                                          

And that includes (especially) top MBA school graduates taught by MBA school graduates who probably know less than your youngest niece or nephew. Case history studies contain not even a whiff of reality. I could give you hours of documentation on this subject, but suffice it to say that the vast majority (if not all) of the world’s greatest entrepreneurs never got to, or through, college.

Where is all this cynicism headed? To your dreams of having an exceptional marketing program that triggers exceptional sales. To a marketing effort that keeps your investment of dollars reasonable, and your investment of time minimal. 

Here’s how to get where you want your marketing to go:

1. Decide early on to not fall prey to dog and pony show, song and dance, smoke and mirror acts foisted on you by endless parades of “expert” solicitors;
2. Set yourself specific, realistic, flexible, and due-dated criteria –in writing (and the importance of “in writing” cannot be underscored enough)– BEFORE you begin to search out the person or persons to help you pull your act together;
3. Spell out your expectations loud and clear, but listen carefully to the responses and input you get from your narrow-down-the-candidates process;
4. Require weekly “How Goes It” progress reviews and be accessible in between.                                                                                                                                                                                                 

Marketing is both an art and a science. Those who are best at it are also psychology-savvy. They are skilled writers and visualizers who know how to attract and interest your target market, how to stimulate emotional buying motives to prompt action, and reward consumer desires with an emphasis on benefits. 

If you’re really smart, you’ll do like carpenters and heart surgeons: measure twice and cut once, instead of working your way through a large chunk of those 37 zillion “experts” for little if any return on your investment.     

302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

Tooting Your Own Horn

Starts With Having A Horn!

Simple, right? Wrong. Unless you are or have retained an expert writer and marketing professional, finding the right horn to toot can be a daunting task.

It means first having a Creative Action Plan and Production Action Plan built on Goals that are specific, flexible, realistic, and due-dated. Consider what must be done just to get that far.

Begin your Action Plan with a Branding Theme. (Best are seven words or less that tell a story with a beginning, a middle, and an ending, and that are persuasive!)

Find an experienced pro for this part of the journey, or be prepared to spend much more time than you could ever imagine…and still not have good odds for success.  

Integrate that Theme as the central focus of your Elevator Speech (a persuasive 30-second verbal presentation of what you do/sell/offer, as well as underscoring the benefits of purchase or ownership).

It needs to answer the two questions: What’s the deal? and What’s in it for me?)  

                                                                                                                                                        

Compose an ongoing series of news releases and feature articles that dramatically emphasize and highlight your Elevator Speech. Distribute your releases to hand-picked target media people.

Follow up with strong, respectful, helpful, and pleasantly assertive media relations efforts.

Follow up with more news releases, and more media relations, followed by more news releases and more media relations, followed by more news releases and more media relations, followed by more news releases, followed by more media relations… 

Just as research proves that management training program participants typically fail to retain what they “learn” after only 21 days without some significant reminders and ongoing reinforcement…your news release target market will also fail to recall your “story” within 21 days, unless you reinforce it continually.

In other words, for PR to work, it needs to be an ongoing commitment, not a “one-night stand” or “overnight sensation” announcement.

• You can try this yourself, but be prepared for rejection and misrepresented messages.
• You can hire a professional PR firm, but be prepared to spend $5,000 to $25,000 a month in fees, plus expenses.
• Or, you can find a “one-man-band” type professional who knows how to play the PR game and who will represent your interests for $1,500 to $4,500 a month.

Your PR efforts will produce a level of “BUZZ” (this century’s name for “word-of-mouth” advertising), and that BUZZ becomes your horn. Toot it on your website! Happy Tooting!

302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

A business wallowing

in its own culture is 

rapidly irrelevant, and  

moving toward extinction.

(Yet corporate giants need it to survive!) 

I just read somewhere (Twitter?) that “Company culture is the priority” for some business organization whose name I’ll withhold to spare them embarrassment. I never heard of the company, but no doubt it is either part of some corporate giant sprawl or, sadly, some idealistic young tech business that is tripping over its own inexperience.

Any company that devotes its priorities to promoting, maintaining, nurturing, and protecting its own culture is totally out of touch with the realities of doing business in 2010. Admittedly, “never forgetting where you came from” is a healthy, driving energy force for every business owner, but dwelling on it is exactly what is wrong with the ways corporate giants conduct business today.

If your business is not customer-centric in every application possible, it is headed toward the great business burial grounds up in the clouds. Developing pie-in-the-sky programs to attract and keep top industry performers is a waste of time and money unless you totally lack the leadership it takes to foster and cultivate top performance from within.

The short solution:

Stop wasting so much energy on trying to inbreed specific employee characteristics and allegiances at a time when the only ROI you’ll realize will be major deficits (you remember him?).

If you’re not running some incompetent government agency, heavily subsidized corporate entity, or dreamy-eyed inexperienced new venture, don’t think of a culture focus as your bailout.

Here’s the bottom line: You cannot focus on your company’s culture AND on serving your customers exceptionally enough to earn ongoing profits AT THE SAME TIME. There’s simply not enough hours in the day to devote your concerted efforts in both directions simultaneously. If you haven’t a treasure chest in the closet, stick to pleasing your customers.

What was it Abe Lincoln said about not being able to please all of the people all of the time? Yes, some self-absorbed employees will jump ship who are not catered to, but do employees who come to work with a daily “what’s in it for me” attitude do your business any good to start with?

Did you go into business to cater to employees or to cater to customers? Sure, employee recognition and motivational performance incentives are nice, warm, fuzzy actions. But don’t let them get in the way. If you do a good enough job of pleasing customers, you will automatically please employees as well…at least those who matter to your business.

Those employees who are intrinsically challenged to be outstanding performers, who want to build their careers on achievement will rise to the opportunities you provide when you set the example.

Teach them how to embrace your customer base, instead of constantly pandering to their requests for more social activities.  

Is that a thin line? Perhaps. Yet, business owners who understand communications, and who practice leadership by example, and management by wandering around, can substantially reduce the need for many employee recruitment and reward devices because they create an environment all by themselves that make others gravitate to serve their pursuits. Voila! “Counter Culture”!

Put the spotlight on the customer and teach employees how to focus it, how to keep it shining and how to change the bulb when necessary, then reward them for how well they do what they do instead of for the promises of their smiles behind their resumes.

We need only look briefly at the complete financial losses attached to professional sports team owners who buy into promises of greatness vs. those who make the long term investments of cultivating from within. A great team culture doesn’t matter if you can’t perform in the clutch.

www.TheWriterWorks.com or 302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

Daily Notes or Recordings

Work Wonders With

Business Pursuits 

They heal damaged ventures and egos. They explore new ideas and avenues of strategic planning. They reveal new awarenesses and cultivate creativity. They stimulate innovation and fuel productive relationships.

They save time, money and effort. They reduce stress and soothe neurological systems.They need never be shared with anyone. They don’t take more than 3-5 minutes a day.

No, “They” are not vitamin supplements or exercises or illusionist tricks. “They” are journals. When you keep a journal, you open yourself up to all of the above opportunities.  

Do they REALLY work? Yes. I have dozens of business (and personal) journals on my shelf. Referring to them and the notes I’ve made has accomplished everything noted in the opening paragraph, and more.

A great many college and management training session students I’ve prescribed journaling to, have told me it was the single most valuable tool they ever learned about and used. It can be a combination savior and rocket booster for any entrepreneur or small business owner or manager. It can be a major career and personal/professional development tool for anyone, regardless of business attachments. 

The best part of keeping track of my daily thoughts in writing –besides teaching me more about myself and my life and business choices– is that once thoughts leave my brain and travel down my arm and into my fingers and through my pen and onto paper, I no longer need to carry them around in my brain.

Once my thoughts are sitting in a notebook that I can pick up and look at anytime I want; there’s more room in my brain for focusing on what’s important that’s going on here and now (instead of recreating and resurrecting past experiences or worrying about or planning for or fantasizing about stuff that’s in the future, and that may never happen or show up anyway).

I can tell you firsthand that there’s no better investment of time you can make, over time. And your potential ROI paybacks can be staggering. On top of all that, it’s free!

Getting started . . .

1) Make the commitment to yourself that you will try it faithfully for 21 days in a row.

2) On every left-hand page, put the date. Across the top write “WHAT HAPPENED” and proceed to jot down an objective, rational, report of some incident(s) that occurred or thoughts or ideas you had.

3) On every facing right-hand page, write across the top “HOW I FELT” and proceed to editorialize, offer opinions, be biased, express your “take” on whatever is represented on the left-hand page.

What kinds of entries work best . . .

An idea. A thought. An observation. A word. A sentence. A paragraph. A diagram. An example. A poem. A drawing. Scribble. Your goals. Goal progress. A doodle. Spit. A coffee stain. Whatever is taking up valuable think space that you don’t want to forget, but that’s getting in the way of immediacy.

Does it have to be in writing? Can’t a laptop serve the purpose? Historically, writing stuff down on paper has always worked best. Tape recordings are next best. Laptops do not offer the same impact value. I really recommend to put it in writing on paper in a (preferably) bound blank book or (second best) bound notebook. (“Bound” because removable pages encourage time-wasting second thoughts, and nurture perfectionism, which is not productive.)

Stop worrying about how pages will look and put stuff down. Something (literally any thing) every day is better that writing volumes once or twice a week.

Keeping track of your daily thoughts may feel awkward at first, but reviews over time will prove that you have created true value from nothing, and serve to demonstrate how really smart you always thought you were but never had a way to back up your convictions. And who knows? Maybe it will end up a best-seller or full-length movie! :<)

Serious: Do it. Start today.

www.TheWriterWorks.com or 302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

When tug-of-wars threaten 

family business . . .

call TIME OUT!

Not to act is to act… Not to stop the roller coaster long enough to raise the issues (and question yourself), puts you out of control!

Conflict is inevitable in any business. But eliminating conflict can destroy a business overnight because it pulls away the blanket of trust and blocks the path to innovation all in one fell swoop.

The goal needs to be to manage conflict productively, not chase it away. Properly managed conflict can breed creative thinking, mutual respect, and boost business growth.

If you want to get technical, some organizational development experts and behavioral scientists would insist that the inability to manage agreement is a far more critical issue to address than the inability to manage conflict.

Experience with hundreds of family businesses though seems to dictate that where conflict is present, manage that first. It’s hard to agree to much of anything once fists are flying.

__________________________________________________

Start by questioning yourself >>> What do I need to do when a conflict issue is critically important to me but not to others? >>>Am I inflating or accelerating an issue and making it worse than it really is? >>> How important is it for me (and for me to help others) to speak up, and not “hint”? >>> For issues that are critical to others but not me, can I mediate better with active listening and questioning?

_____________________________________________

Here are some quick-fix rules of thumb that can lead you out of the dark tangles and into the sunlight:

1) Be willing to listen more. Ask the presenter(s) to slow down so you can write down a bullet list of items he/she/they want to deal with (When you do this, you slow down the attack potential and reduce the odds of getting overwhelmed with a bombardment of unrelated issues. When it’s agreed that the list is complete, ask for help prioritizing it, then focus on #1 only until it’s resolved, before moving to #2, etc. Divide and conquer the issues.

2) Stay 100% focused on the issues and on behaviors, not on the individuals themselves or their personality defects or character traits.

3) Resist being defensive or attacking back. Rebuttals only stimulate more rebuttals. Even if you’re right and win the battle, you can lose the war.

4) Be pleasantly direct about expressing what you want and feel. Use assertive language that respects others and their rights, that is objective and clear. More use of words like “I” instead of “you.” If things get heated, call TIME OUT! and follow with statements like “I came here to discuss, not argue” and “I want to know your feelings about this” and “I want to hear your position on this.”

5) Practice substituting the word “and” for the word “but” when trying to work through differences [“I agree with your thinking that we need to increase sales, but I think how that happens should be the responsibility of the sales department” is NOT as effective as “I agree with your thinking that we need to increase sales, and I think how that happens should be the responsibility of the sales department.”] Words like “but” (and “though” and “however” which are simply polite “buts”) serve to discredit…whereas “and” suggests a process of building on a mutually agreeable idea.

To deal effectively with another person’s anger, you must –above all– not get hooked by it.

Second, accept it as belonging to the other person.

Third, affirm the other person’s angry feelings as real, and that you hear and understand them.

Fourth, acknowledge that you may or do feel defensive, and state clearly how you feel about having any anger directed at you.

Fifth, ASK for clarification, for examples, for diagrams; diagnose the cause — take it apart piece at a time.

Sixth, renegotiate the relationship.

And remember what grandma used to say: If at first you don’t succeed, try, try again.

(or call or email Hal -see below- for some free pointers)

Resolving conflicts? It’s always worth doing. It’s your business.

302.933.0911 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

Your business has just been 

beaten up. NOW what?????

The Small Business ER. Paperwork. Name? Date of birth? sole proprietorship, Sub-S or LLC? Address? History of ailments? Next of kin? Organ donor? 

The Business Doctor. A diagnostic work-up. What seems to be the problem? Take a deep breath! http://bit.ly/bo3ZJy Where does it hurt? Let’s see – does this hurt? 

What did you do, get mugged on the way to a sales presentation?

No insurance? Hmmmm. Ah, Helen, let’s see if we can slide this business in under some kind of federal coverage — maybe one of those stimulus plans?

Sooooo, the good news is you’re not gonna die from this. Take your business home, ice it, give it aspirin and lots of rest; keep the bank loans floating, drink prune juice and call me in the morning.

In the meantime, I’m giving you a rehab prescription — you’ll need physical and mental therapy both, but it may only be for six months to a year.

If by then, things haven’t straightened out, we’ll need to do some MRIs and consider a frontal lobotomy, or we may decide it’s just best for you to simply fold your venture and go to work for the government or a large corporation …which would be something like a lobotomy anyway.

Someone here to drive you? Good. You should feel better in a year or two. Have a great day! 

Yuh! Well, things could be worse, said the bloated cow that hadn’t been milked for three days.

The point is that very little compares with the mental anguish, and painful feelings associated with your business taking a beating at the hands of incompetent government agencies, overly-aggressive industry or professional competition, the two-faced-forked-tongue media, the IRS, or your cousin Vinny.

But YOU are an ENTREPRENEUR! Everybody calls you that. You have a reputation to uphold. You’re a free spirit. Nothing gets you down (well, almost nothing).

So the bottom line is that it’s time to get up off the floor (or examination room gurney) and pick up the pieces and set some new goals that are realistic, specific, flexible, and have a due date. http://bit.ly/95XCJN

Yes, it’s true that entrepreneurs typically do not like to plan anything, but the point here is that when your business and/or business ideas have been assaulted, and you’re thinking about chucking it all and heading for the islands, you need to PLAN.

Most recoveries of any type do not generally occur miraculously. They take planning. http://bit.ly/c4puBz Just as you set goals for yourself when you started your business, set them anew for making a recovery.

You CAN do this.

You know why? Because it’s a choice! http://bit.ly/9GydiP 

www.TWWsells.com or 302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

Two heads may be

better than one,

but not always

two tongues…

When you are planning or starting out to work with another entity, intent on accomplishing a mutual goal, there are some simple steps you might want to take that can dramatically increase your odds for success.

Regardless of whether the root of your pursuit is to save money with centralized purchasing arrangements, add impact to a community fundraiser, introduce a new strategic alliance or affiliate partner, send out a joint-mission news release, join forces launching a new product or service, or just share clerical or cleaning help, the burden of success rests squarely on your tongue.

Huh? Tongue? What’s that about?

When we buy into a plan or idea or action with another person or business or organization, one that brings mutual benefit to the surface, the responsibility for making things work depends on the mutual ability to communicate clearly.

This translates to using word choices you both understand (vs. jargon that only you and your people can readily digest) and consciously limiting descriptions, requests, suggestions, and commitments to the right amount of words — avoiding with equal disdain too much or too little input. Of course, the flapping of the tongue also necessitates the listening of the ear!

U.S. Naval Academy class underlings are subjected to many disciplines. One of these is the response that’s traditionally been required to be delivered (with a salute) to any upperclassman who asks the question:

“Sir, I am greatly embarrassed and deeply humiliated that due to unforeseen circumstances beyond my control, the inner workings and hidden mechanisms of my chronometer are in such inaccord with the great sidereal movement with which time is generally reckoned that I cannot with any degree of accuracy state the correct time, sir.  But without fear of being too greatly in error, I will state that it is about __ minutes, __ seconds, and __ ticks past __ bells.”

That’s a great tool for cultivating discipline. And those who can rattle out that response (plus many others!) on the spot should be valued and appreciated for their commitment. The thing is that the military (and God Bless Our Troops!) is not business.

In business, and especially in collaborative business where the other entity may not be a deeply-known entity, the response must be “3pm” (or “3:15” or some other approximation) because anything more or less creates confusion, and confusion costs money. Effective collaborators articulate just the right amount of information to get the job done.

When you agree to work with an “outside” business, take the responsibility for getting it right. Take the extra time and trouble to make sure that you’re not only on the same mission, but that you’re also on the same channel, speaking the same language.

“Let me make sure I understand you” or “Do I understand you correctly to mean…” or “Can you give me an example of what you mean by that?” are all ways to help ensure that you and your “partners” will get to where you’re going. Don’t worry about what others think of your efforts to clarify. Worry about failing to achieve the mutual goals if you don’t.

Hal@BusinessWorks.US

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

Feuding Families,

Combative Couples,

Peeved Partners  and

Belligerent Boards

Constant arguing, bitter and mean-spirited discussions, “business infidelity,” resentment, continuous bickering and back-biting, breaking trust and undermining confidences, changing changes.

. . . I want out and it’s time to go!

Or, as the renown Scottish farmer/poet Robert Burns’ prophesied in 1786 with his “Ode To A Wee Mouse” in what may be the world’s most quoted and paraphrased bits of advice: “The best-laid schemes o’ mice an’ men gang aft agley.” (often go awry, or wrong)   

                                                        

How can you continue with the financial problems? The Mission and Vision disagreements? Operational differences? Business expansion and “parenting” plans vs. consolidation?

Do your business and business relationships look increasingly fragile? Are partners distancing themselves? Does collapse seem imminent?

Divorce between married couples is now in the mainstream of American life, and unfortunately serves to set the table for acceptance at a business level. What else is a business partnership besides a marriage? And family business upheavals can be the worst of all because they frequently involve or contaminate marriage relationships that are the very underpinning of a business structure.   

And those who are caught in the middle typically suffer the most. In a couple marriage relationship, it’s the children. In a business partnership it’s the partner families, employees, employee families, investors, suppliers and vendors and last, but not least, the customers! Nor does the damage line always stop there. In many instances, a neighborhood, community, town, region, industry or profession can also be negatively affected.

Ways to patch things up:

Start with giving the other person or people involved the benefit of doubt. You got into this relationship because something was extremely positive. By re-focusing on whatever that was, you may find that existing differences can be easily reconciled. Isn’t it worth a try? Don’t you have a lot invested in each other? Wouldn’t it be easier to move the business forward if differences could be worked out than to simply part ways and have to start all over again?    

So here’s the plan:                             

• If you can get past that first step of thinking, sit down and write out on paper with a pen, a statement of agreement to seek to resolve differences. Each principal involved in the dissension climate must be willing to do this.

• Exchange copies of these statements without commenting or responding.

• Plan a follow-up Q&A clarification discussion the next day (no rebuttals permitted) to review one another’s comments.

• Plan an open discussion of the Q&A clarification discussion a week or so later.                                    

• Next, and again something all involved must be willing to do: write out one sentence on paper that identifies exactly what you identify as the most critical problem.

• Then each needs to write out clear specific improvements desired in the form of a goal statement that is specific, flexible, realistic, and has a due date. 

Or get professional counseling:

An “outside” consultant who is experienced and skilled in both business management and human relations can help each individual involved put her/his differences in writing, channel productive exchanges, and foster committed attitudes aimed toward working through the differences.

A professional can help set up a recovery path with a schedule for renewable  efforts, and a contingency exit plan that can serve to strike a balance and encourage renewed efforts to make things work. Many leadership training-based organizations can provide assistance in identifying and retaining qualified coach/counselors.

This is always a better solution-approach than slamming the door and walking out! And it just might work! 

 302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

First and third OR

first and reverse?

Given the enviable place to have runners when you’re up (first base and third base), you might think tonight’s post is another baseball story, or first down and a reverse hand-off in football . . . Sorry, sports fans: This one’s about an unusual car, and your unusual business decisions . . . but that’s getting a step ahead; let’s get back to the car. 

I once had a choice of gear combinations for a car I was purchasing. I needed something to get back and forth to college, back and forth to work, and back and forth to parties (some things never change!). A friend of mine, Joe, had THE car for me!

It was an all-black 1954 Sunbeam Talbot 90. Now you may think that sounds like it should be on  the kitchen counter for blending your okra and lima bean smoothies, but it was a car — a classic luxury vehicle in England in its heyday.

It had a sunroof, leather interior, rumble seat, running boards along each side, a hidden pull-out bar in the back, fog lights, six hidden compartments, and barely a mark. It was only a few hundred dollars “because it had a little gear problem,” but “had to be seen,” Joe said. He was right. It was a dream car. Almost.

The “little gear problem” meant I would have to make a decision. I could have only first gear and third gear, OR only first gear and reverse gear. Hmmm. First and third meant revving the thing up to 20-25 mph (which sounded like a dozen weedwhackers in flight), and then quickly “pop” it into third gear (it had “Synchromesh” for gear shifting with some ease) and cruise along, having completely by-passed the missing second gear.

OR . . . I could have first gear and reverse gear – always a good thing, said Joe, in case I ever needed to back up! I asked about speed, but was advised that “something had to go” and I could only have one or the other. With first and reverse, I would of course be able to parallel park, and get out of sticky situations (a date’s driveway?) without having to get out and push.

I could floor it in first and get to the weed-whacker noise level, then pop it into neutral and coast to a crawl, then pop it back into first and floor it again, etc. I took first and reverse. My decision didn’t please a lot of other drivers, but I couldn’t imagine never needing to go backwards.

Has your business been forced to go backwards in this economy? Were you prepared for it? Were you barreling along going forward when you first saw the telltale signs of government incompetence rewarding big dumb companies for doing everything wrong instead of smart small businesses for doing things right? Did you have to shake your head like a wet dog? Are you still?

Decisions that plan for future disaster (building an underground bomb shelter, investing in emergency crank-up radios with every news item about increased awareness of terrorist “chatter,” taking a loss on eBay for your world series ticket options for the Cubs and the Mets) are not always the best to actually implement, but thinking through contingency arrangements is always a good thing.

Developing an exit strategy for a brand new business is like having a pre-nuptual agreement. It seems like a stupid negative influence at the moment of highest positive attitude. It flies in the face of gut instinct. But it is not a bad idea, and it will almost always be of primary concern to any person or entity who is investing in the new business. 

Leave your self and your business “wiggle room.” You may not need to build a bomb shelter, but you’d better know where to go  and when if the business/market/industry or profession you’re involved with, or your state/region/nation continues to step deeper into an economical abyss. Have a plan. Keep it in your pocket. But have one. You might need to back up a little some day. 

Failing to plan is planning to fail.

302.933.0116    Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!

What you target

for your business

may not be healthy!

Think of it this way: You really want a bacon-wrapped sausage smothered in melted cheese on a slice of buttered white bread with side orders of scrapple and syrup, chili cheese fries , Buffalo wings and onion rings with ranch dressing, finished off with deep-fried cream-filled chocolate cookies and a glass of buttermilk . . .

Uh, if that description makes your mouth water and you decide to head out to some nearby junk-food drive-in, make it one that’s very close to the Arizona, Indiana or Pennsylvania Heart Institutes, or the Mayo Clinic, and be sure your health insurance is paid up! “C’mon, Hal,” you say, “nobody is that dumb who would eat like that.” I have 2-words for you: Observe People!

Not only does stupidity find it’s way to the dinner table (or car-hop tray…yes, there are still car-hops!), but it’s also often used as an excuse for not knowing better because the excuse-giver is too preoccupied being a workaholic to worry about stuff like tumors, and fat, and stents, and clots, and cancer. But being smart doesn’t mean being worried. Worry only achieves stress.

Why all of this banter? Because many small business owners and entrepreneurs who do take care of themselves and who at least make an effort to eat and sleep right, fail miserably when it comes to sizing up what’s best for their businesses. Some who do a nice job of being realistic enough to recognize their own mortality seem to think their businesses are invincible.

“Whaddaya mean this is a bad time for a bank loan? Can’t you see that this idea of mine will revolutionize the whole wind-shield wiper blade industry?”

“These services my family and I have been providing have worked like a charm for a hundred small businesses. Now it’s time to go get those corporate giants with the bailout money. Business is business, right? Just because they’re bigger doesn’t mean they can’t benefit as well.”

I spoke recently with restaurant chef/ owner partners who decided to be able to outdo the competition and market “farm to table” freshness, they would get up at 4 am every day and drive around to nearby farms themselves to hand-pick what they would cook for each meal. Considering they weren’t getting to bed until midnight, you can imagine the rest of that story. . .

                                                                     

If any of these examples causes you to think: So what’s wrong with those ideas?, you should maybe consider going back to the opening paragraph and head on out for one of those tasty meals. If you think these are all nut case examples, you should probably join the guy in the last sentence.

If it’s time for you to get with it, and adopt a more realistic attitude toward your business pursuits, then do it! It’s a choice. Behavior is a choice. You need to “stick to your knitting” when business times get tough. Rushing into anything is not generally a productive way to cope with an economy as catastrophic as this.

Use the time and energy instead to plan for when things get better (hopefully after November) and to make the most of what you have right now. Give customers more for their money and bite the bullet. Give employees increased responsibility and recognition instead of pay raises. Give suppliers consolidated orders you put together with other businesses to get better rates and discounts.

Switch your marketing emphasis from high-priced media buys to free social media and news release opportunities and find people who can help you make those work. Dress up and upgrade your website instead of trying to expand or add locations. Stay tuned into your industry, profession and markets on a day-to-day basis. Outsource tasks that take time and attention away from selling. 

 www.TWWsells.com or 302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.

 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 

Make today a GREAT day for someone!