Complete Library of Entrepreneurial Wisdom
By Ginger Marks
()
About this ebook
The Complete Library of Entrepreneurial Wisdom covers business basics, including how to and how not to start your business; marketing; marketing design, which is a topic rarely covered; writing, which covers technical, practical, as well as, marketing aspects to writing; and life reflections, such as planning for emergencies and disasters—both natural and man-made.
With over 150, power-packed, articles to choose from, the busy entrepreneur has at their fingertips, bite-sized training lessons to help them on their success journey.
"There is so much information packed into this book that it could well be the only book on core business issues that you will ever need.”
Ginger Marks
Having been a business owner for most of her adult life, operating a multi-million dollar surgical clinic and a local barbeque take-out to list just a couple, have given Ginger Marks the insight needed to assist business owners from all walks of life.Ginger is the owner of the DocUmeant family of companies. The various entities all work towards a common goal that just happens to be their tagline; “We Make YOU Look GOOD!” Her services include both publishing and digital design assistance. She is proud of the fact that she is able to give high quality, efficient service at a remarkably reasonable rate. It is for this reason she chose to list her publishing company in New York while residing in Florida with her husband.When Ginger decided to embark on a writing career it was of no surprise to her mother, who herself is a published author. Her love for the arts is what spurred her to hone her talents as a digital designer, offering services to business owners and authors alike.http://www.DocUmeant.net offers editing and writing services; http://www.DocUmeantDesigns.com, as you would guess, focus is on designs ranging from websites to book covers & layouts to buttons and business stationary needs; while http://www.DocUmeantPublishing.com’s focus was begun with the self-published author in mind.Ginger is a member of DesignFirms and SPAN (Small Publishers Association of North America) and IBPA (International Book Publishers Association).Additionally, Ginger in 2012 was named to Covington Who's Who.
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Complete Library of Entrepreneurial Wisdom - Ginger Marks
Complete Library of Entrepreneurial Wisdom
Ginger Marks, CEO
DocUmeant Publishing & Designs
Published by DocUmeant Publishing at Smashwords
85 N Main Street
Florida, NY 10921
646.233.4366
©2013 Ginger Marks
Smashwords License Statement
This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each reader. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.
Permission should be addressed in writing to publisher@DocUmeantPublishing.com or to:
Correspondence:
1730 Rainbow Dr
Clearwater, FL 33755
Although the author and publisher have strived to ensure the accuracy and completeness of the information contained in this book, we assume no responsibility for errors, inaccuracies, omissions or any inconsistency herein.
Library of Congress Cataloging-in-Publication Data
Marks, Ginger
Complete Library of Entrepreneurial Wisdom: business, entrepreneurship, marketing, design, writing, life lessons.
LCCN - 2013944142
First publishing date: 09/2013
Testimonial Reviews
"Most of the time when we see something that claims to be a complete
whatever, we figure it is an overstatement. However, that is not the case with the Complete Library of Entrepreneurial Wisdom. This book covers business basics, including how to and how not to start your business; marketing; marketing design, which is a topic rarely covered; writing, which covers technical, practical, as well as, marketing aspects to writing; and life reflections, such as planning for emergencies and disasters—both natural and man-made.
There is so much information packed into this book that it could well be the only book on core business issues that you will ever need."
Connie Dunn, Publish with Connie, publishwithconnie.com
"In the Complete Library of Entrepreneurship Wisdom Ginger Marks has put together an impressive and inspiring collection of ‘articles for entrepreneurs.’ With over 150, power-packed, articles to choose from, the busy entrepreneur has at their fingertips, bite-sized training lessons to help them on their success journey. This book is attractively laid out and one that I will keep by my bedside as part of my nightly, motivational, food for thought, reading. Highly recommended!"
D’vorah Lansky, M.Ed., bestselling author of 21 Ways to Launch a Successful Virtual Book Tour, VirtualBookTour21Ways.com
"Ginger Marks latest book is a virtual treasure trove of helpful information for any budding or seasoned entrepreneur. Want your business to be successful faster, easier and with less headaches? Get your copy of the Complete Library of Entrepreneurial Wisdom and become the smart, savvy successful business owner you always wanted to be. You can do it—and Ginger is there to help."
Denise Michaels, International Book Writing Guild, Author, Testosterone-Free Marketing, a Business Bestseller sold in 15 Countries
"Being an entrepreneur is one of the most rewarding livelihoods available. Yet, it is also filled with challenges and learning curves that can cost your business time, money and resources. Ginger Marks’ Complete Library of Entrepreneurial Wisdom is chockfull of practical, easy to understand advice that can give any new or seasoned entrepreneur the tools to succeed while bypassing the mistakes most of us have made on the ꞌtrep journey. This book is a definite resource to have in your success library!"
Holly Shantara, LifeStar Creations, LLC; Lifestyle Business Mentor, Coach, Consultant hollyshantara.com
"After reading Ginger’s ‘Golden Rule for Business’ I knew I had to get this book. Her Complete Library of Entrepreneurial Wisdom is chocked full of useful information. It is an encyclopedic reference book for business owners and authors alike."
Dee Louis-Scott, Author, Believe in the Magic, mattiefisher.com
TOC
TESTIMONIAL REVIEWS
INTRODUCTION
BUSINESS
Let’s Talk Turkey
Consistency is the Key
The Golden Rule of Business Ownership
Is Your Pride A Stumbling Block To Your Success?
Back to Business
Be a Good Listener
Be Careful What You Wish For . . .
Plan to Succeed
Ten Stages of Success
Hiccups
Dispute Resolution: How to Get Positive Results
Delegation: Learning to Let-Go
After Your Enthusiasm Wanes
Outsourcing; Know Your Limits
Dream It, Believe It, Achieve It
Dress for the Success You Deserve
How Do You Put a Price On That?
Ten Truths of Business Ownership
How To Determine Your Worth
Is Your Business a Sinking Ship? How to Ensure Customer Loyalty
How Deep Are Your Roots?
Effective Communication
Climbing the Peaks to Attain a Success-filled Business
Focus On What You Know
Discover How to Do It All Without Doing It All At Once—Multi-tasking vs. Mini-tasking
Neat and Clean; Tight and True
Prosperity Principle Musings
Recession Is Good for Your Small Business!
Sales vs. Expertise
Show Up Both Mentally and Physically!
Sweet or Sour Your Attitude Will Make a Difference
Team Up to WIN!
Running a Business in These Uncertain Times
Finding Your Niche
Uncover Your Niche
What Kind of Tree Did You Plant?
Your Greatest Enemy
Reflect, Evaluate, and Grow
How Affectionately Do You Kiss Your Business?
Are You Following Your Competition Over the Cliff?
To Be or Not To Be a Real
Business
Who Are You Being Influenced By?
Life on the Edge
Frown Your Way to Success!
Do It Now
The Internet Rut
Dare to be Different
How To Keep Your Business On Track During ‘Summer Vacation’
Share the Joy of the Season
Holiday Shopping
MARKETING
How to Get Noticed Without Breaking the Bank
Your Business’ Best Kept Secret Weapon
Sage Holiday Planning Advice from a Wise Old Owl
How to Ensure Customer Loyalty
Teleseminar Secrets
Are YOU a Nurturer
A Sign of the Times
Affiliate Marketing: What’s the Big Deal?
Are You a Landmine Or a Goldmine?
Are You Getting In Your Own Way?
Are You Still HOT?
Contagious Influence
The Most Cost Effective Marketing Action Plan for the Savvy Business Owner
How to Harness the Power of Viral Marketing
How to Overcome Your Fear of Marketing?
The Secret of Setting up a Successful Rebate/Rewards/Incentive Program
Kick Up Some Dust
Making Ends Meet
Effective Marketing; The Hidden Truth Behind Male vs. Female Marketing
Marketing Is BIG Business
Marketing: It All Begins With a Plan
Entrepreneurial Express: Objection Station
Popcorn Is Not Just For Eating
Top 5 Reasons to Start a Rebate or Rewards Program
Social Media: Are You Using It Right?
Holiday Marketing 101: Tastefully Simple
Teleseminars: Are They a Good Fit for Your Business?
The Power of Email Marketing
The Seasonal Slump?
Three Rules for Selling Success
Twitter Marketing Your Business to Increase Sales—The Right Way
The Science of Marketing
Staying On Top of the Search Engines
7 Hot Tips for a Prosperous Year
6 Reasons to Start a Business Blog
Marketing Fun and Easy
Ten Summer Marketing Ideas for Your Business
Early Planning for Year-end Momentum
The #1 Most Powerful Marketing Tool
Offline vs. Online Marketing Have the Winds of Marketing Changed
Where Do You Turn for Inspiration?
Give Them What They Want!
DESIGN
Marketing Mechanics
Engaging Home Page Design
Color Psychology: How to Use It to Your Advantage
How To Decorate Your Virtual Office
22 Design Tips for the Non-Designer
Five Key Elements of Business Image Design
Creating Presentations that Work
Customer Sign-up Forms, Does Yours Do the Job?
Benefits of Properly Named Images
How To Create Effective Call To Action Graphics
Hints & Tips for Outstanding Business Marketing Design
Sage Advice for Graphic Design Success
Responsive Web Design: Times Are Changing
WRITING
Article Marketing: Seven Ways to Improve Your Article Marketing Skill
What You Say Is As Important As How You Say It
How to Pen the Perfect Book Author Bio
7 Simple Steps to Book Marketing
A Case for Perfection
Contagious Influence for Writers
Convert Your Articles to Marketing Magnets
Discover the Power of the Right Words
How to Avoid Becoming an Editor’s Nightmare
Tripping on Words
Which Witch Is Which?
Harness the Power of Your Words
Communication Skills are a Must for the Entrepreneur
LIFE REFLECTIONS
A Word for Chocolate
A Vote for Confidence
Two + Baby = Romance? Keeping Romance Alive
Staying the Course
Confession Reflection
Motivation: Staying On the Right Track
Do Like I Say, Not Like I Did
Family Emergency Planning
Is Your Life Making a Difference?
Winter Blues? SAD But True
The Day My Mouse Died
Civil Law Advice Is Available
Take Charge of Your Life
Season of Sadness
Keeping Track
Give Yourself a Round of Applause
Repetition Blindness
Your To-Do List
Overwhelmed?
Free To Be Me
ARTICLE SERIES
Back To Basics
Back To Basics—Part 1
Back To Basics—Part 2
Back To Basics—Part 3
Back to Basics—Part 4
Back to Basics—Part 5
Get Into Them
Get Into Them, Part 1
Get Into Them, Part 2
Presentational Skills
Part 1: Managing Your Fear
Part 2: How to Capture Your Audience
Part 3: Effective Presentation Design
How to Promote Your Business
How to Promote Your Business—Part 1
How to Promote Your Business—Part 2
Commit
Commit to DO!
Commit to Excellence!
Commit to Win!
How to Write an eBook
How to Write an eBook—Part I
How to Write an eBook—Part II
How to Write an eBook—Part III
Balance vs. Drive
What I Want vs. What I Can Do Part I
What I Want vs. What I Can Do Part II
Seven Deadly Sins of Goal Setting
Seven Deadly Sins of Goal Setting, Part I
Seven Deadly Sins of Goal Setting, Part II
Discover How to Entertain on a Budget
Discover How to Entertain on a Budget—Part I
Discover How to Entertain on a Budget—Part II
Resources
Article Submission Sites
Auto Responder Services
Bookkeeping Services
Communication Coaches
Conference Sites
Dictionary Sites
Articles & Books
Shopping
Art
Books
Foods
Home & Garden
Packaging
Fashion & Jewelry
Toys & Games
Marketing
Web Design
Miscellaneous
About the Author
End Notes
Introduction
It has been eight years since I wrote my first article. Month-by-month, I have picked up my pen and gathered my thoughts about how I have grown over the last 30+ years as a woman and a business owner.
With all these articles sitting collecting dust, I have had a gentle nudge to find a use for them for quite some time. After being named Covington’s Who’s Who Executive of the Year, I decided it was high-time to share this knowledge in a complete works form. It was thus that this collection of my business articles, musings, and other works has finally been compiled into one nice neat package.
I have divided this collection of over 150 articles into categories to enable you to focus on the area of business growth that is most urgently calling to you. My hope is that you, the new—and also the seasoned entrepreneur—will read, learn, and therefore, bypass the hurdles that lay before you.
With the addition of an Index, keywords used throughout this collection may make your search even easier. Begin at the beginning or select a section or even just an article or topic that appeals to your current need. The choice to succeed or fail is yours and yours only to make. With a little advice from a seasoned veteran of business, who has seen both times of plenty and times of lack, perhaps the articles that follow will enable you to avoid the snags and snares that cause so many businesses to fail.
If you find the information worthwhile, I invite you to sign-up to receive my monthly Words of Wisdom ezine. Each month, as a publisher and designer, I offer information to help you succeed. A tip and a quote begin and end each ezine and your comments are warmly received and gain you a business link in the following month’s issue. To register for this free newsletter and receive a couple of bonus items visit me here: http://documeant.net/#bonus.
To your continued entrepreneurial success,
Ginger Marks, CEO Calomar, LLC
DocUmeant Publishing
DocUmeant Designs
DocUmeant.net
Let’s Talk Turkey
When do you know it is the right time to bust loose from the 9 to 5 JOB? Do you have what it takes to really make a go of this opportunity we call a home-based business? What if you give up your job and things don’t work out as you planned? These questions and more come to mind when you first begin to consider if owning your own business is right for you.
Right up front you need to look at the numbers. Read the details. A visit to the US Small Business Administration website reveals that 66% of start-up businesses are still operational after 2 years, while only 50% of those remaining will survive another 2 years. Furthermore after an additional 2 years only 40% of those remaining will continue to be serving the needs of the public. This means that after six years out of 100 businesses that opened their doors only about 13 will still be in business.
One thing I want to clarify here though is the fact that just because they are not in business after six years, those that are not operational could have closed for many other reasons than failure. On the contrary, this could mean that they were so successful that they wisely put together an Exit Plan
and sold their thriving business or they may have moved or retired. Any number of reasons could account for this low number of viable businesses surviving for a mere six years.
Nevertheless, how do you keep from becoming just another statistic? Looking at the reasons start-up businesses fail will help you understand better what it will take for you to succeed.
Business owners who take the time to sit down and pen a business plan greatly increase their chances of survival. Why? The simple answer is that a business plan not only gives you direction but it details the way you will accomplish each phase of the business development. When you need additional funding what a financial institution is looking for is a clear statement of what you plan to offer and how you plan to take your idea from concept to delivery. Besides these reasons a well thought out business plan will help keep you on the track. It should be—and will be—your roadmap to success.
Insufficient funding is another reason businesses fail. With the business plan in place additional funding can be sought through investors and financial institutions. Consider applying for a small business loan through sources that are there to help you. Angel Investors is one source other than governmental assistance that you might apply to for support if you need additional backing. It is advisable to have at least two years of funding set aside in case things don’t progress quite how you had planned.
As I often recommend, do your homework. Know your market and your competition. Is there even a market for your product or service? Decide who your target market is. Will you offer a product or service that should be geared to a local customer or will your business be better suited for the Internet community? Be sure that you have the proper education and experience to run a business. Lack in these areas can, and often does, lead to poor decision making which can cost you dearly in the end.
On the other side of the coin are the issues that lead to success. Do you have what it takes to be successful? Do you have that education? A proper education enables you to not only make good decisions but ensures you have the base knowledge to skillfully operate a business. Maturity is helpful here as well. With maturity comes the knowledge of how to handle difficulties with finesse. You may also have the resources in place to assist you in case of an unforeseen obstacle may rear its ugly head. Mature business owners, not necessarily the maturity of age, are able to focus on the goal and commitment to success. Actually talent can be a factor here as well. Do you have the natural talent and ability in place to achieve your goals?
Know when and how to expand your business, how to located suppliers and to spend within your budget. Many home based businesses are initially started for emotional reasons. Because many are started with no plan in place and very little start-up capital the home based business is at risk. However, due to the lower expenses many home based businesses are beating the odds and surviving past the expected norms.
So, know what you are in for, be prepared to take the necessary action to achieve your goal and commit to success and you will most likely beat the odds and join the ranks of the successful home based business owners.
Consistency is the Key
Like most business owners your goal for your company and life is to create and enjoy a carefree lifestyle; one free of financial worry. In pursuit of this dream you have carefully considered the many types of business products and services until you found the one that feels right to you. You invest time and money in preparation for the day you announce to the world that you are in business. Embarking on this journey many new entrepreneurs incorrectly believe the old saying, build it and they will come.
Unfortunately, that is not always the case. Just because you stock your shelves and open the door doesn’t guarantee success. It takes a consistent commitment to your business to guarantee your dream will be realized.
Oft times as new and seasoned business owners we grow complacent with our prosperity. You may work hard marketing your business for a time and then when your hands are full
you may have a tendency to slack off. You may genuinely believe that if you actively continue to market your business you won’t be able to meet your commitments. So you slow down the pace. This is exactly the wrong thing to do. If you sustain the marketing pace when things are at their peak you will create much more than just a mediocre level of success.
Two things will happen. First, you can eliminate the peaks and valleys of boom and recession. Second, you may have to enlist the advice and support of others. Now wouldn’t that be a frightening thought? Sure your business growing out of control can be a problem, however if you look around, you will discover others who will gladly facilitate you when you need the extra help. A Virtual Assistants (VA) could be an idea choice. They will lend a hand for a very reasonable fee.
Hiring a VA is a sound business move. They can assist you with ongoing projects as well as filling your short-term needs. As with any professional, each VA has their area of expertise, so be sure to ask them if you don’t know what theirs is. Realistically you could hire more than one VA. For example, I use one VA for all my audio conversion needs and another for research and gathering of documentation, while still another for writing and distributing all of my press release notices. If you don’t already know a VA contact me and I will be happy to share the names of a few that I am familiar with; not only their name but their business ethics as well.
As you actively pursue your market, your reach expands; as your reach expands you reach new customers; and as you reach new customers your business grows. It is when you break this routine that you stagnate your business’s growth.
Whether you build your business by networking or advertising or a combination of those two, consistency is the key that will unlock the door to your financial freedom and business success.
The Golden Rule of Business Ownership
In the past thirty-plus years, as a business owner, I have learned many lessons. There are lessons on marketing, lessons on taxes, lessons on saving for emergencies, lessons on communication, and many others that have enabled me to become a successful business owner. However, there is one rule that I learned that has skyrocketed my business to the success that I have recently encountered. Yes, even while the rest of the world is complaining about being in a recession, my business income more than doubled!
The simple implementation of one action on my part has changed not only how I do business, but also how I live my life. That is learning that when you freely give of your time and talents to help others you receive more than you ever give.
When was the last time you helped someone? If you are like most business owners you probably spend more time helping yourself out than you even realize. Our days are consumed with promotion, marketing, family, and making a little money on the side—and usually in that order.
What made the difference for me was when, in 2005, I began developing and in early 2006 founding the WINning Sisters. This was, for me, a labor of love. With a small group of like-minded business owners commitment, we began taking new business owners by the hand and introducing, helping, and teaching them the ways of business ownership. Much like the Big Sisters of America, we befriend our Little Sisters and help them in whatever way they need to become comfortable in the business of being in business.
Sometimes that means to help them grow as people and other times it is more just introducing them to another source. Whatever the challenge, we are there to help, inform, and, sometime, just to hold their hand. We also share weekly from our knowledge with a Skype hosted chat that we named the WINning Sisters Networking 101. Usually the forum is open so that those with questions can find answers, but quite often, you will find that there are special guest speakers who freely give of their time to share from their area of expertise. E.g., at a recent chat Charly Leetham shared from her stores of knowledge on the subject of S.E.O. (Search Engine Optimization) and another time Patrysha Korchinski shared for three weeks straight on the topic of Business Branding (available online through our archive).¹
So, to be perfectly clear, the Golden Rule of Business Ownership is, You can’t out give God!
When you approach your business from the standpoint of, What can I give,
or How can I help someone today,
rather than focusing on receiving you will find others flock to you. In the process, you will see a substantial increase in your profit margin. Why? Because you can’t out give GOD! Don’t believe me? Give it a try. I guarantee you will be pleasantly surprised.
Is Your Pride A Stumbling Block To Your Success?
The Bible clearly warns us that pride goes before a fall. I know some of you don’t believe in God, but you must admit the Bible is full of sage advice. This piece is no exception.
There is clearly a difference in being a Guru
and a Know-It-All.
Be careful not to cross that line; it can make the difference between amazing success and failure. For example, I used to hang out with some very smart people that always had a kind word and helpful advice. We could chat for hours about many different subjects. Sometimes helpful advice was shared but most times not. When we went to chats together everyone had equal time to converse. Then one day, something changed. They began to dominate all conversations and chats. I began to feel like it was their way or no way at all. Could they possibly be right about everything? When would the other chat room attendees get a word in edgewise? We are on a mission to change the world,
was their retort when anyone suggested their means were not the best or even the only way of accomplishing the intended goal.
Another example I recall is the time when another person I care about was critically lambasted for not agreeing with the speaker’s concepts. Being rude to your audience is not the method to win friends and influence people. This sort of thing happens when the speaker forgets that they are the person most responsible for clearly relating their message.
A conversation is a two way street. It is when you get to the point that you begin to feel that if someone else doesn’t understand you it is the fault of not listening to what you are saying and not that you couldn’t have better stated your message. This is when you make the proverbial turn and you begin to lose credibility in the eyes of those watching from the sidelines as well as with those whom you are conversing.
Business communication coach and friend, Felicia Slattery, owner of Communication Transformation states, When you are the speaker, it’s your job to be sure your audience fully understands your message. After all, as a business person, your message is a reflection of you and your business. If you present your message clearly so your audience can follow you, then you’re showing that audience you are knowledgeable, helpful, and professional. Allowing your audience to provide feedback and using that feedback as a way to make your presentation better is the hallmark of a competent communicator and good business person overall.
There is a fine line between humility and timidity too. A little too much in either direction and you end up failing at every turn. For example, hiding in a corner taking it all in or ‘lurking’ on a network chat board will add to the number of places you can say you have been in the daily course of business. However, don’t expect to get any referrals. Unless you openly participate the other members won’t even know you are there. And it goes without saying, if they don’t know you are there you will not gain any benefit from attending.
Put on your party dress and shoes and get out there on the dance floor. Make friends first and the business will come. Then focus on your strengths but don’t overdo it. Offer advice when asked in a spirit of love and kinship.
No matter what stance you take be certain of one thing; your reputation will precede you. Promoting your own importance leads to stumbling. But focusing on and meeting the essential needs of others gives us the healthy approach of the wise and successful entrepreneur.
Back to Business
It is that time of year again. The kids are getting back to school and it is time to pump it up a notch with our businesses. What is your idea of getting off the starting block? I was thinking about that the other day and thought that this might be a good place to begin my search.
Some of the things that come to mind are:
1. Advertising
2. Promotion
3. Sales
4. Events
5. Networking
6. Charity
All of these means it seems are just simply the tip of a mountain of ideas. Let’s take the first one for example, advertising. You have online and offline. Then you have to consider what form of online or offline advertising suits you and your needs best. The worst thing you can do is throw good money in the wrong direction. You need to decide first who your target market is and what motivates them to buy. That is a topic for another conversation though.
Promotion sort of flows out of the advertising river into a whole new income stream of its own. If you want to promote your business you must first decide whether you want to do it in print or live interaction. Promotion can be done with article writing or simple advertising or sales flyers. You might consider joining a group like the one I ran into recently that stuffs their product packages with your promotional pieces. What a neat concept. You produce the promotional piece and they put it in the box with the item they are mailing out to their customers. It can be a business card, brochure or even a promotional or sale flyer. Print up 500 pieces and send it to the member that is requesting them and they insert it into their mailings. I would be happy to share this resource with you if you are interested.
How about those of us who enjoy the live interaction of an audience? There are multitudes of opportunities to promote your product or service doing seminars and chats. Just days ago I finished writing my first book titled, Promotional Skills for the Next Generation. I have it for sale in PDF version presently while I am awaiting my ISBN# to be able to sell it through vendors both in digital and print mediums. If you would like a copy email me and I will be happy to send you your pre-release first edition copy.²
What about Press Releases & Public Relations? They can be tied into your business promotion in a very powerful way. Consider hiring a professional who can not only pen the perfect press release but get it into the right hands. Don’t attempt to do this on your own if you want real results. My PR Company of choice is EMSI, founded by Marsha Friedman. If you want her assistance, email me and I will be happy to put you in touch.
One thing we fall back on often is the use of sales. These can generate interest and sometimes are the catalyst to revenues from those potential customers who are sitting on the proverbial fence. I have recently begun offering coupon book promotion to my clients as this is a WIN, WIN, WIN! for everyone involved. Companies that would otherwise not let the associate promote their business can use these simple, non-threatening advertising options to their advantage. One thing that I have learned from this experience is that when offering a coupon you would do better to offer a dollar amount off rather than a percentage. Why? Well it seems that people don’t perceive the value of percentage as quickly as they do an actual dollar amount.
As for events my recommendation is GET INVOLVED! If you can, find the time, get involved in putting them together. Attending is one thing and will garner you some networking time, but when you are involved with the planning and promotion not only do you gain valuable experience but personal one-on-one with the movers and the shakers as well.
This leads us into the networking environment. As you already know networking is a huge factor in the success or failure of your business. Just do it! Online or off, in person or in the chat room. It really doesn’t matter. This is a powerful tool. Use it wisely. Make friends and let the conversation flow naturally into business informational exchange. Don’t begin with an ad! This is the quickest way to turn the other members off.
Have you considered aligning with a charity? This is something that can be beneficial to others while being a promotional tool for you at the same time. Take this opportunity to use the press release to promote your business. During the holidays is a perfect time to make these associations.
Whatever your comfort level is, the key is to get off the bench and begin taking the actions to allow your business to grow and flourish. Set a goal, reach for the stars! If you end up in the clouds you have gained, at the very least, experience.
Be a Good Listener
You may be wondering what listening has to do with successful entrepreneurship. The very term ownership implies responsibility. It is a position of authority and therefore demands you to give the directions that will shape your business’ future. You are the go-to guy or gal. People look up to you and hang on your very words. Not the other way around, right? Well, yes and no.
While much of the time this can be true it is also imperative that you take the time to listen as well as talk. And, if you haven’t taken the time to listen you may be causing irreparable damage to your growth.
Listen to your employees. Listen with an open ear to what your employees are saying. Are they happy and excited or just trying to make ends meet? Are they talking about what the business’ customers are involved in, how they feel about your company or what they’ve expressed they would like or need? Listen up. You may just learn some very important information.
Curb your ego. It takes letting go of your human tendencies towards a run-away ego. Haughtiness can severely deprive you of valuable connections. You become insensitive and callus to others. You can become so egotistical that you miss the very thing you need to learn to grow your business.
At the head of ego is vanity. When you are fixed on yourself you can’t relate well with others. Curb your ego and vanity and you may discover new avenues of income and ideas that you never even considered before.
Listen attentively. Rather than preparing your response while you only have a small part of the conversation, listen to the whole of what is being said. Then, take a moment to form your reply. This reflective thinking moment lets the person you are speaking with know that you are indeed carefully wedging your response and truly listening to all of what they are saying.
Relate to them on their level. When you join them where they are they will better understand you and what you are trying to relate to them. For example, if you were speaking to a young child you would want to use easily understood, elementary level language. On the other