Are You an Evolving Entrepreneur?

Caterina Rando, GSMMA Expert

As business owners we are always looking for new ways to connect with new potential clients, streamline the delivery of our products or services, and generate more revenue with less output of time or other resources.

I spoke to a tentative entrepreneur yesterday. After two years in business she finally realized she is not asking for business. Instead she was mostly hoping it just shows up. Another busy entrepreneur mentioned she is afraid to raise her prices even though she is not generating enough revenue and her client schedule is full.

Coaching entrepreneurs since my mid-twenties, I have seen over and over that being successful at owning your own business requires a willingness to walk the path of personal growth and transformation as well as doing your business. Whatever self-esteem, interpersonal or social challenges you have not worked out, whether you are 21 or 61, they are going to walk in your door, call you on the phone and become your clients, fulfilling some cosmic equation that gives you the opportunity to “work out all your stuff” while you build your business. If you are unwilling to deal with these issues, your business is unlikely to grow or evolve.

We never finish working out our stuff. As your business evolves there will be new issues to resolve. Then you can evolve your business. After you have celebrated your business’ second anniversary, it is time to add a whole new focus on your efforts that keep your business evolving.

Your personal evolution will be easier if you have a lust for learning, are always looking to better yourself, and if you have a business philosophy that demands that you always deliver your best.

If, however, you started your own business because you loved the technical side – being a graphic designer, an accountant, a clothing designer – you may not be as inclined to embrace cold calling, public speaking or quarterly sales projections. If you have your own business, you are your business and the success of your business is largely based on your willingness to grow and learn, think differently, ask different questions and perhaps be willing to be uncomfortable.

I remember the day a whole new and exciting dimension was added to my business, the day more than twelve years ago when I said “yes” to writing an article for this paper even though I had never written a business article before. I did not know at the time that that would lead to hundreds of additional articles, a bestselling book and lots of info products. Are you saying yes to any opportunity that could add a new dimension and possibly an additional income stream to your business? Are you seeking out new opportunities to expand your offerings? If not take a look.

There are a few obvious places to start to evolve your business. Educate yourself regarding the emerging trends in your industry and begin to incorporate a couple that could work for your business.

The same goes for technology specific to your industry or business solutions in general. Find out what is out there that could serve you and your clients better, faster, and more effectively. Even in a personal service business, automation solutions can make you happy every day.

One strategy to keep your business evolving is as old as the adding machine – take time every day for thinking and planning. Take more time at the end of each week and month and take a good two days towards the end of the year to plan for the next year. That is what successful people do. They think about what challenges they face and think about how to find solutions. They think about what they do and try to come up with better ways to do what they do. They think about new possibilities for their businesses and write up an action plan where they try some new things.

Another thing about those at the helm of businesses that are more evolved is that while they let their ideas gestate and brainstorm.  Once they come up with a good idea they do not sit on it forever – they make decisions quickly and take immediate action.

Incorporate some of these strategies and you will keep your business fresh for yourself and your clients. What action are you going to take today to evolve your business?

Caterina Rando is a GSMMA Expert.

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Networking Know How – Make Your Connections Count

Caterina Rando, GSMMA Expert

Networking is not collecting business cards. Networking is creating a pool of sources from which you can draw clients, resources, referrals and opportunities. This pool of people is called your “sphere of influence.”

Weeks after meeting a travel consultant at an event, I received a huge packet of promotional material in the mail. This costly packet was sent without a hello note, no business card and no follow-up call. What a waste of paper, postage and energy! Attractive, innovative marketing materials are far less important than a smile and a handshake.

Success in business is not about products or services, it is about people — getting to know who they are and what they do. Your success is not solely dependent on your product or service.

Your success depends on the width and depth of the people in your sphere of influence.

I attribute my professional success as a business coach and professional speaker to the people that know me, like me and trust me — the people in my sphere of influence. These people are my friends, my clients, my vendors, members of groups I belong to, and anyone else I have ever met that I maintain contact with. The people in my sphere of influence send me referrals, are a resource for me, my clients, and are the people I call when I have a question. These are the people I know, like and trust.

Successful Steps for Creating and Maintain a Large Sphere of Influence

• Increase the number of people you come into contact with. Go to networking events, join a professional organization or put together a workshop. Set goals for meeting new people each week. Then, create an action list to meet that goal.

• Tell people you are interested in expanding your sphere of influence. Ask what they do to meet people, and if they can introduce you to people you would like to meet.

• Create rapport. Put your attention on the person you are talking to. Make eye contact, smile and give a good handshake. Ask questions about things that interest them, their business, their industry, and their professional affiliations.

• People will remember you when you remember them. Make an effort to learn and remember names and use them in conversation.

• Always get a business card from someone when you meet them. After you leave, note on the card, write where you met them or something about them that will help you remember them when you look at their card later. Also note any action items you agreed to do, i.e., follow-up with them next week or send a brochure.

• After you meet someone you want in your sphere of influence, always send them a handwritten note. The note need not say more than “nice to meet you.” Print note cards with your photo on them to insure that people will remember who you are, and your note will make more impact. Don’t send someone a solicitation letter.

• Refer people in your sphere of influence to each other. When you put two people together and it goes well, you become a hero.

• Create a contact schedule. How often are you going to contact everyone in your sphere of influence – monthly, quarterly, semiannually ? How are you going to contact them ? – by phone, with a note, by sending a newsletter?

• Consider holding an annual event for your sphere of influence. You could partner with a friend in a complimentary business and double your sphere of influence in one night.

• When people refer business to you, thank them at least 3 times – with a phone call, with a note, and by thanking them in person, in public, in front of other people. Everybody appreciates recognition!

• Do not focus on getting business immediately. Focus on creating a solid relationship with people so they know you, like you and trust you. Eventually, they will refer business to you or become a regular customer.

• Create a system for keeping track of people either record information that is important to them – their spouse’s name, their professional affiliations, any awards they have won, etc.

• When you want to know someone better invite them to events that you know would be of interest to them. This is a simple, easy way to build a relationship with someone.

People buy from you when they know you, like you and trust you. Business is not about what you do or how you do it. Business is about relationships, about helping others overcome their challenges and meet their objectives, about finding out what needs to be done and doing it. Provide people with support and you will build a large sphere of influence that supports your business.

Caterina Rando is a GSMMA Expert.

Need Help Finding a Social Media Manager?
Click here to learn the most important questions to ask before you hire.

Is Your Social Media Plan Factory Assembled?

Rachel Strella, GSMMA Expert

Have you ever bought an all-in-one machine like a printer/scanner/copier or a washer/dryer combo? My husband and I recently bought a TV/DVD combo for our workout room. I enjoyed watching TV and he enjoyed watching DVD’s while we were on the treadmill. We thought we hit the jackpot. Unfortunately, the DVD player stopped working about a week after we bought it.

We should have known better. These devices exist separately for a reason. When they’re grouped together, it often negatively affects the quality of the individual units.

I believe we should view our online marketing efforts the same way.

Over the past few months, I’ve been encouraging potential clients to establish or enhance their social media presence. Most are eager to see what social media can do to help them communicate with prospects and generate leads.

Some, however, lump social media into a group of other marketing or web-based businesses. Take the “Superpages guy,” for example. A “Superpages guy” is assembled from the “Superpages Factory.” He is a slick-talking sales person who swoops in on unsuspecting business owners promising sugar fairy hits to their website or a top-ranking Google position.

That’s fine if the only goal for a business is directory-listed search engine optimization (SEO). But, SEO is only one slice of the online marketing pie and it doesn’t even touch on social media.

The same goes for certain marketing agencies. I’ve seen agencies try to package services to include the farm: public relations, advertising, direct mail, social media, search engine optimization and even website development. They can offer it all to be your one-stop shop.

I have two problems with this…

First, some agencies specialize in more traditional media, but quickly added social media to their list to assure they claimed their market share. There are some agencies that can pull this off, others do not give social media the attention it deserves.

Second, these agencies can be expensive. They charge a lot because they have high overhead. Small businesses can be easy prey because they don’t know any better and they figure the ‘all-in-one’ approach will save them energy, time, and money in the long-run.

My message to businesses: social media is NOT a one-size- fits-all machine. It’s a multi-faceted, goals-based, and highly personal communication tool that works best when you give it proper attention and focus.

We are becoming an increasingly customized world; why settle for a one-size-fits-all service for something as significant as social media?

Rachel Strella is a GSMMA Expert

Need Help Finding a Social Media Manager?
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