No One Said It Would Be Easy

No one said it would be easy. Even in the best of times, starting a new business can be risky business. However, despite a volatile economy and job market, more and more people have ventured out into the entrepreneurial world.

We have all seen reports that suggest 50% – 75% of new businesses fail within the first three years. Why do so many fail?

  1. Limited resources – time, people, capital and expertise.
  2. Lack of focus and planning.
  3. No formal sales and marketing system.

These are a few of the primary reasons most new business starts fail to make it. So, what can you do differently to tilt the odds of success in your favor and build a profitable and sustainable new business?

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There are no absolutes, but there are some fundamental things you should do as a new business owner to make it easier to achieve your goals: Continue reading…

If You Want to Be Heard, Be Real

Social networking platforms like Twitter, Facebook and LinkedIn have been a boon to both individuals and businesses that are seeking ways to strengthen their brand image and expand their market reach. However, the challenge for most is how to be heard above the noise.

When you consider that we’re bombarded by 3,500 to 4,000 messages per day from a variety of media sources, including social networking sites, how can we realistically hope to connect with the intended audience in meaningful ways so our message is heard?

In my opinion, there are three important ingredients to include if you want to develop a stronger online reputation and expand your target audience: Continue reading…

Want to Win a New Ferrari?

Want to win a new Ferrari? Guess what, me too, but this blog article has absolutely nothing to do with winning a new Ferrari. It does, however, have everything to do with driving more business to your front door!

This article is about the “power of the pen” or more to the point, the power of a well written headline and/or subject line to attract the reader’s attention and help improve your business results. In order to capture the reader’s attention the headline and related sub-text needs to draw them to the copy, so a connection is made that will motivate prospective buyers to purchase your product or service offer.

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One of the most effective ways to do this is through the use of what I commonly refer to as “magic” or trigger words and phrases that grab the prospective buyer’s attention. Continue reading…

Do First Impressions Still Matter?

We have all heard the old adage many times over that, “You only get one chance to make a good first impression”. But does this really apply in business today?

This past Saturday I had the opportunity to speak to members of a national association at their annual conference on the topic of “How to Improve Your 30-Second Elevator Pitch”. One of the questions I asked the participants’ was “in a networking group setting today, do first impressions still matter?” Continue reading…

Business Survival Checklist

All business owners are looking for ways to improve top-line revenues, reduce expenses and increase profits in order to grow their respective businesses. However, the troubling economy and other factors have forced many of these same business owners to replace the word “grow” with the word “survive”.

The majority of business owner’s I have met with in the past all responded with the same answer when I have asked them, “what is the one thing that is critical to your business success”. The simple answer is “more customers”. More profitable customers are the life-blood for any viable business.

Every successful business has or should have a universal checklist of the things that are central to acquiring new customers, growth and yes, survival.

Here is the list of ten things that I believe should be included in your Business Survival Checklist:

  1. Business/Marketing/Financial Roadmap. What are your existing plans to deliver maximum ROI performance in the next 12-24 months, 3-5 years, 5-10 years and 10+ years? The roadmap for your business, at a minimum, should address the next two fiscal years. Don’t be too optimistic – it is much better to over-deliver on your projections than to fall short. Continue reading…

Creating a Winning Story

by Dale R. Schmeltzle, CPA

We are witnessing an amazing explosion of communication options. Countless telecommunication and Internet-based vehicles that did not exist a few years ago are now the norm. Who, save a small group of billionaire visionaries, foresaw the impact of Facebook, eBay and smart phones on today’s business community?

One thing has not changed. Marketing is still about communicating your message. Businesses must explain their value proposition to ever-widening and geographically dispersed audiences. It logically follows that whether you are drafting a newsletter, placing a newspaper ad or writing a short article, the message itself is the primary determinant of your success.
Continue reading…

Social Media – What Is It?

Matt Krautstrunk wrote an article on social media recently titled “Where Is The ROI In Social Media?”. In the article he makes a great point that tracking ROI depends on your goals, and this certainly can apply  to almost anything in business. However, before you can establish clear-cut goals and track the ROI of social media, you first need to define it.

Social Media – what is it? It’s hard to talk about tracking the ROI of social media until you know what “it” is.

To help you define what social media is so it does not end up being “Golden Vaporware” where your business is concerned, start out with some limited trials and experimentation first, before launching any large-scale projects. From the initial trial results, you can make a determination on how to proceed and then develop specific goals and plans, before committing a lot of additional time, resources and budget.

Below are several questions to consider. The answers should help you define social media in the context of your business. Is “it” a (an) … Continue reading…

Are You Speaking To Me?

There are three important elements that lead to success in a typical networking setting when positioning yourself, your business and your value proposition to group members:

  1. Preparation and planning,
  2. Tailoring the message to your audience.
  3. Follow-up.

This article will address #2 “Tailoring the message to your audience”, and I will provide you with some ideas and an example that should help you raise your profile, obtain more quality referrals and effectively promote your business through networking.

Far too often, I see people just going through the motions when it comes to networking activities. You know what I’m talking about. When it’s time for 30-second introductions they start with their name and business name, and then offer little additional information to enable them to connect with the audience. What a waste of time! Continue reading…

New 4Ps of Marketing: Part 4 of 4

Part 4 and the last of the new 4Ps of Marketing is Performance. Ultimately, performance is the most important of the New 4Ps of Marketing. Why? Because all marketing related activities are investments and as such, they need to be measured, tracked and compared to other investments to ensure that they yield the highest rate of return to the business.

 

So, how do you measure and track marketing performance to ensure that you are receiving the anticipated return on your marketing investments? Continue reading…