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Archive for the ‘Growing Your Business’ Category

5 Free Small Business Building Videos – to watch at your leisure.

Friday, December 30th, 2011

Click on the link below if you would like to have a look at a series of videos I recorded a little while ago. I touch on five really important Small Business topics -

Video 1 – How to stay positive when times are tough in your business

Video 2 – Five ways to build rock solid relationships with your customers

Video 3 – Marketing a Small Business is not about money

Video 4 – Is your advertising really working in your Small Business?

Video 5- The most important number for any Small Business owner to know

 

CLICK HERE FOR FREE VIDEOS

The year ahead…my three recommendations for making the most of it.

Tuesday, December 27th, 2011

Well 2012 is almost here and many Small Business owners are facing the year ahead with some trepidation. Who really knows what it will bring in terms of financial pressure, challenges and of course opportunities?

One thing I do know for certain is that we all need to be going into this year with a very proactive attitude. We can’t sit around and wait for things to change, we need to step up and take action.

I feel that there are three priorities for every business owner in 2012:

The first is that we all need to get out of our comfort zones and get back into a business development state of mind. This means we need to be marketing aggressively, looking for opportunities for new customers, enlisting the support of our family, friends and suppliers to help us find more customers and we need to get this message through to everyone that works in our business.

Secondly we need to make sure that we really look after our existing customers. Is our service as good as it should be? Have we been too busy to really give our current customers the attention that they have deserved in the past few years? We need to remember that our competitors will be on the hunt for new customers as well. The best place to find new customers is in a business that doesn’t look after them.

Last but not least, as business owners we need to keep everyone involved in our businesses motivated. I know that this is a tough call, but the owner is the business barometer. If they are running around crying about how tough business is, their staff will soon be doing the same. Before you know it, your customers will be looking for somewhere else to shop. No matter how hard it is, now is the time to be upbeat, positive and enthusiastic about the future of your business.

Find other people who are in a positive state of mind and spend time with them. Avoid the moaners, whingers and doom merchants at all costs.

These three recommendations might sound simple, and they are, but in challenging times they are vital to not just surviving but thriving. I am working with many businesses that are doing incredibly well at the moment and if could pinpoint why, it would be the three recommendations I have written about here.

What can a Small Business do as the European Financial Situation gets worse?

Wednesday, December 21st, 2011

Going into Christmas there is a lot of news coming from Europe about GFC 2.0 and its dire implications for the rest of the world. I thought I would just do a very short piece on my thoughts around this, just to add a bit of perspective and to give Small Business owners some direction.

The reality is that there is not much a small business can do about the events of the world. So if we can’t control what is happening outside of our business the only thing we can control is what is going on inside our business.

I believe that now is the time that we need to be investing in our business however we can, and that investment might be time, it might be money or perhaps just a good old fashioned dose of energy, to ensure that as the economy improves and people start to increase their spending, your business is ready. And if history has taught us anything, every dark economic period is followed by a period of plenty, its just a matter of how long it will take for the cycle to change.

Sure it has been hard, but sitting around moaning about it won’t do a single thing to improve your business. Sadly way too many businesses have slipped into this learned helplessness state of mind. It is only a short leap from here to closing the doors.

Right now there are businesses doing really well, in fact lots of businesses that I work with are having record years (but they don’t like other people to know about it). If you look for the common characteristic that these businesses share it’s the fact that they are too busy getting on with it to buy into the negativity and moaning.

It doesn’t mean they haven’t had their challenges, or that they have their head in the clouds, but they are taking a proactive stance, investing in their business, themselves, their staff and their customers and getting quite amazing results.

I suggest that that this is the best plan of attack for any small business owner.

Smart businesses are always one step ahead of their customers…

Monday, December 5th, 2011

Have you ever been into a business where they seem to read your mind? Just as you have a thought, there is someone ­standing beside you with the exact item that you were thinking about. Or as you stand looking at shelf upon shelf of products, a knight in shining armour comes to your rescue and hands you the exact product that you need, with a smile on his face and a twinkle in his eye.

These businesses are excellent but, unfortunately, they are few and far between. It seems like they can literally read your mind but of course it’s much simpler than that. If a family enters a restaurant with small children, there is every chance that they will need a little assist­ance, but time after time I see families struggling to get seated, looking around desperately for a high chair, all the while being ignored by the restaurant staff, who act as if it is the first time they have seen a child before.

Smart customer service is all about being one step ahead of your customers—knowing them so well that you can meet their expectations without them even having to tell you what those expectations are.

Rather than waiting for the customer to make their request, try to be one step ahead of them. If they have a lot of packages, ask them if they would like them delivered or if they would like help taking them to their car.

If the customer is moving house and you are the removalists, offer to give them a printed inventory of their belongings for their insurance company or to call them the day before the furniture will arrive.

If you run a clothing shop and a customer buys some clothes that will need alterations, offer to have them done before the customer asks.

If your customers need to do any form of writing to complete a sale, give them a pen before they ask for it.

Not only is this simply a smart way to do business, it’s also a great way to generate some extra income. Friends of mine run a boarding kennel for dogs and they offer a grooming service, for a fee, which means you can pick up Fido all nice and clean after his stay in the Pet Resort.

This sounds like pretty straight forward stuff, but the real problem is that most people serving in a business are more preoccupied with what is going on in their world than they are with what is going on in their customers world. We have to be extra careful that this is not a trap that we all fall into from time to time.

So go ahead, make your customers think you have some kind of mystical power and figure out what they need before they do.

Don’t become obsessed with your competitors

Tuesday, November 15th, 2011

I have come across many business owners whose entire life is based on what their competitors are doing. Every decision they make is the direct result of something their competition has done or is planning to do. We need to “be alert, but not alarmed” when it comes to our competitors and we certainly need to avoid the temptation to become obsessed with your competitors.

By all means have a healthy awareness of your competitors — I think this is essential to be truly successful in business, but don’t build your business around what they are doing. Rather, focus on what you can do to lead the way.

Often this obsession is the result of insecurity and fear. This is how price wars start, and the reality is that no one really wins a price war except the customer. Advertising becomes ad hoc and knee jerk instead of systematic and well planned and customer service is forgotten about as the business owner is too busy looking at what the competition is doing rather than what is happening within their own business.

Be aware of what your competitors are doing and evaluate their actions, but don’t make their businesses the centre of your universe. Use your competitors as a way to benchmark your own business and clarify what your competitive advantage is, but don’t lay awake at night obsessing over what your competitors might be doing.

In fact I really believe the best thing any of us can do is call the competition and catch up for a coffee. You might be surprised by just how much you have in common. Whilst setting prices is naughty and illegal, it doesn’t mean there aren’t other ways you can actually work together and have a positive relationship. But this does take a degree of maturity and not all business owners share this.

Be alert but not alarmed!