Aug 29 2010
What are YOUR “Best Business Interests”?
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