Three Ideas to Keep Your Business Growing

Three Ideas to Keep Your Business Growing

When planning for the long term success of your business, your focus should be on moving forward with such things as industry trends and customer demands. You’ll want to make sure you’re planning to grow your business in a realistic way. Without a focus on improvement, your business becomes stagnant and will not grow. The following ideas are simple adjustments you can make for yourself to keep your business growing.

Reward yourself for positive results, not for effort. You may feel as if all the hours and creative energy you put into running your business deserves its own Nobel Prize. While it’s definitely commendable that you devote yourself so fiercely to the business, hold off on rewarding yourself until you actually see positive results. For example, you’ve spent countless hours researching how to design the most efficient online ordering system and even more hours implementing it. Now you’re ready to take that long-awaited holiday weekend trip. But instead of laying out lots of cash, the smarter approach would be to reward yourself with a latte, and then await the results that come from this new system. By doing so, you ensure your physical presence if there are unforeseen problems and you maintain your focus on quality and efficiency. Once you’ve gotten positive feedback and that increase in orders you were hoping for, then you can pack the car and head out of town.
Be flexible; that’s why you have your own business. Being your own boss has allowed you to create your own work schedule and everyday operating protocol, hand-pick your team, and run this business in a way that works for you. Keep this in mind when things don’t go as planned. Your flexibility is crucial to staff morale, customer satisfaction, and the overall success of your business. One recently retired photo lab owner spent most of his career and gathered much of his success by running the lab efficiently and being knowledgeable about each photo processing machine. However, when the industry went digital and photo processing started to become a thing of the past, it was time for him to modify his whole business model to compete with big business processing chains and the at-home photo printing and scrapbooking revolution. By adjusting to these new ideas and thinking creatively, he was able to spend the final years of his career in the business that he loved, instead of shutting down like so many of his counterparts had to do.
Pay yourself fairly, but not too much. You may have a pre-conceived notion about how much you want to make each month or year, but make sure this is a fair amount based on the financial state of your business. There will be times when your profits fall short of those expectations, so it may be necessary to take a pay cut. On the other hand, when business is booming, don’t be tempted to pay yourself too much. Plan for a rainy day by putting some money back into the business and/or by rewarding deserving staff with appropriate bonuses. It’s important to frequently assess your salary and adjust it accordingly.

You can keep your business growing and achieve your goals in low-cost or no-cost ways by being disciplined, flexible, and fair. Always strive for these qualities in yourself and your colleagues.

How do you keep your business growing? Please share your ideas below!

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DSEF & BBB: Will You Have to Pay a 4% Surcharge for Using a Credit Card?

DSEF & BBB: Will You Have to Pay a 4% Surcharge for Using a Credit Card?

By Caitlin Vancas

Did you know that every time you make a credit card purchase, the store you are buying from pays a fee to the credit card company? Did you also know that as of this week, PA merchants are able to pass along up to 4% of these credit card interchange fees to customers?

All but ten states (CA, CO, CT, FL, KS, ME, MA, NY, OK, TX) are allowing merchants the option to incur these new surcharges. Luckily, if a business does decide to add a check-out fee for credit card users, it must be clearly posted near the door of a physical store location or on the website for web transactions. Customer receipts must also clearly state any additional costs to consumers using a credit card. Purchases made by debit and pre-paid cards will not be impacted.

According to the National Retail Federation, merchants are unlikely to begin surcharging for credit card use. What do you think? Your BBB recommends asking stores you frequent about any additional costs that may be incurred if you pay using a credit card. If a merchant does not follow the rules about alerting consumers to these fees in their store or website, notify BBB and the FTC. Click the links for more information about the surcharge on Visa and MasterCard’s websites.

DSEF and the Council of Better Business Bureaus (CBBB) foster honest and responsive relationships between businesses and consumers—instilling consumer confidence and advancing a trustworthy marketplace for all.

About the Better Business Bureaus
As the leader in advancing marketplace trust, Better Business Bureau is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Every year, more than 87 million consumers rely on BBB Business Reviews® and BBB Wise Giving Reports® to help them find trustworthy businesses and charities across North America. Visit www.bbb.org/us for more information.

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How to Handle Criticism of Your Business

How to Handle Criticism of Your Business

Wouldn’t it be great if everyone was as excited and positive about your business as you are?

Unfortunately, every business owner eventually encounters critics…people who only have negative things to say about you or your business. Sometimes these comments come from complete strangers, but sometimes they come from those who are closest to you. And it can be discouraging! Fortunately, you are not the first (and far from the last!) to deal with critics as an entrepreneur, and there is lots of wisdom to be gained from those who have “been there, done that.”

We asked our community on our Facebook Page to share some of their experiences. Here is some of the great advice they shared:

Find misconceptions, and share the facts. Howard Fidler from Minnesota writes: “Find out what their objection is and then give them facts to overcome it,” and Marcia Flach from Texas suggests: “Ask them questions!” This is always a great strategy. By asking specific questions you can uncover the reason for the criticism. It may be that the person you’re talking to misunderstands some aspect of your business or is making certain incorrect assumptions. By providing facts that counter the misconception, you can overcome the objection and possibly create a new customer or business partner.
Respect differences of opinion. Occasionally, you and the critic may just disagree on certain points. And that’s OK too. Respect their right to disagree with you, and leave things on a friendly note. You never know when, down the line, someone may have a change of heart. If you’ve left the door open and friendly, they may eventually come back to you! As Mark Arsenault from California says, “Be pleasant, then go achieve massive success!”
Know when to move on. Sometimes you need to realize that no matter what you say, someone doesn’t want to hear your side. And that’s OK. There are plenty of other people who will be open to learning more about your business. As both Robyn Mohs from Montana and Christina Ortiz from Texas shared…”Next!”
Refuse to dwell on negativity. Sometimes, even after the critic has stopped talking, we continue to think about what he or she said, running it over and over in our minds. And too much of this can stop you in your tracks. Don’t let it keep you from focusing on your own success. John Taylor advises: “Move on. Life is too short to deal with Negativity!!!!”

Finally, we leave you with these wise words from Kelley Michelle Barnett of Texas: “I was told to accept the word no, put a smile on and deal with it because when you least expect it you will get a yes and straight up positive.” Good advice indeed!

How do you deal with people who criticize your business? We’d love to read your advice in the comments below!

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DSEF & BBB: Facebook Graph Search: The Good, The Bad & The Opportunity

DSEF & BBB: Facebook Graph Search: The Good, The Bad & The Opportunity

By Rachel Harner

Facebook graph search. Have you heard of it? Probably, but do you know what it is? Facebook graph search is a new feature, in an ever-growing list of Facebook changes, which rolled out to a select few last week. According to Facebook Founder and CEO Mark Zuckerberg, graph search will join News Feed and Timeline as the third pillar in the Facebook structure.

Where a typical search engine would give you a list of links relevant to your query, graph search delivers people, pages and photos already available on Facebook to your fingertips. To maximize results, you’ll want to customize your search using language Facebook understands, such as “friends who work at my company and like to ski.”

Here are a couple practical examples: Are you new to the area and experiencing back pain? Search: Chiropractors in Phoenix my friends like. Are you planning a trip across the pond and want some tips on local hotspots? Search: Friends who have been to London, England.

While innovative, graph search has raised privacy concerns. Many of us probably do not think about the consequence of our actions when liking a page or filling out the “About” section of our profile, but that information will now be searchable in a myriad of ways. If you are looking to keep your information private, triple check your privacy settings now that anything set to “public” will be even easier for others to find. And remember, if you don’t want people to know about it, don’t put it on social media. (Click here for an informative article by the Electronic Frontier Foundation that will help you keep your information private.)

On the other hand, graph search could provide huge advantages for businesses and marketers currently on Facebook. Engaging with customers on social media is a great business practice, and now companies will have more opportunity to get brand content in front of consumers who are intentionally looking for someone in their area of expertise. Graph search will also allow businesses to form well thought out searches to reach targeted demographics.

Do you want to be among the first of Facebook’s billion+ users to get Facebook graph search? Click here to be placed on the waiting list for the beta version.

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Establishing Your Online Presence

Establishing Your Online Presence

The internet can provide tremendous exposure for your business, when used correctly. For this reason, establishing an online presence is not a task to be taken lightly. It can be overwhelming to get started, however, especially with all the different online options to choose from. Here are some tips to help you narrow down your goals and present yourself on the internet in the best possible light.

Quickly and clearly let people know how you can help them with your product or service. Your main objective should be solving a problem for your potential customers. State clearly how you can do that right away on both your website and your social networks. For example, on your company website, the home page is the first online impression (and sometimes first overall impression) people will get of you and your business. Use images and very brief text to communicate how you solve that problem, and provide one or two clear calls to action, where people can learn more and sign up for your list. Avoid too much text on your home page, which can cause people to leave your site right away. If presented effectively and visually, that initial impression will keep people on your website and encourage them to explore further.
Provide honest facts. Facts about the types of customers you’ve served, other businesses you’ve worked cooperatively with, awards you’ve won, or community service you’re involved in are all helpful in educating a prospect about the type of business you operate. If you’re a new business with little or no history, state realistic goals. How do you plan on contributing to your community and to your customer base?
Never pretend to be something else. Trying to present yourself as something you are not will only hurt you in the long run because any prospective employees or clients will be set up for disappointment. Be honest and truthful about who you are and what you provide.
Use real photos, not stock. Stock photos are impersonal and lack creativity. Additionally, visitors to your website or social media presence will be put off because they can’t get a realistic look into your business. Use photos of your office or retail space, employees and customers (with their written permission), and products. People want a true impression of what to expect when patronizing your business.
Stay current and update your site. Always keep abreast of current industry trends and product research as they pertain to your particular business. Incorporate this knowledge into your online presence. As for your company website, frequently check for broken hyperlinks, outdated contact information, discontinued products, etc. When doing so, consider asking someone else to explore the site. A fresh set of eyes can help point out something you may have missed.
Make your site customer-focused. Your website should be user-friendly and focused on how the customer can make the best use of it. Your site should be easily navigable, convenient to use, and aesthetically pleasing to the eye. Consider asking current customers to visit your website and tell you what they think of it.
Choose the social networks your customers use. Not sure which ones they use? Ask them! Most likely they are using Facebook, but are they on Pinterest or Instagram? By choosing the social networks where your customers and friends like them are spending time, you can more effectively communicate your message without wasting time on social networks where you’re less likely to get results. Click these links for some tips for setting up a social media presence for your business:

Also be sure to explore the online presences of your competitors to gather ideas and find out which techniques are effective, and which are not. Make sure the message and goals of your business are portrayed accurately online, and adjust when needed.

What tips do you have for establishing an online presence? Please share them below!

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Ways to Establish Trust

Ways to Establish Trust

In the highly competitive small business world, it is of utmost importance to develop a level of trust between you and your clients. A strong professional relationship built on trust will bring you long term success through repeat business, loyal customers, and referrals. Here are some ways that you can improve your ability to establish trust in your professional relationships.

Be real. Most people will likely be able to sense if you are being insincere. Tap into your true desire to help people find what they need, solve a problem they have, and provide excellent service. It will be clear to others that you are a genuine person, and they will begin to trust you. Nurture that trust over time.
Be truly curious about everything. What are your clients looking for? How can you best serve them? Is there a more efficient way to conduct business that you haven’t thought of before? Become more inquisitive, and observe how other successful people operate. When your clients and colleagues see that you are always striving to improve, they will trust you as a person and as a professional. For example, a potential customer has just moved into the area and comes into your flower shop looking for an affordable option for his daughter’s wedding. He raves about the florist in his hometown and how he wishes he could still use him. Ask the prospect questions about why he loved this other florist so much and express your desire to fulfill that need. He will trust that you have his best interests in mind.
Keep personal conversations private. Separating your personal life from your professional life is a crucial part of owning your own business. Even if you have customers who are also friends, make sure that any personal conversations you have had with them stay between you. An easy way to break someone’s trust in you is to spread their personal life around town. Even if they haven’t specifically mentioned that discretion is needed, it is a good idea to err on the side of caution.
Become an expert. As the owner, you should be an expert in all things involved in your business. This includes products, industry trends, customer demands, marketing strategies, etc. Clients will trust someone they feel is knowledgeable about relevant topics and can educate them accordingly. If you owned a camera shop, and a customer came to you wanting something to get started as a beginning photographer but admits to knowing nothing about cameras, it would be your job to demonstrate your expertise. You would narrow down their choices, help them compare options, and ultimately guide them to making a wise selection. Your specialized knowledge will allow customers to trust your judgment.
Help others and always be respectful. This applies to almost every part of life, not just business. However, it often goes overlooked when people are under pressure and stressed out. Maintain a pleasant demeanor and practice appropriate social skills. Even if you come up short in other areas, it is unlikely that you’ll make a bad impression by being a genuinely nice person. Always treat others the way you would want to be treated; this includes everyone from VIP clients to mail room interns.

Establishing trust is a necessary investment to make in your business. Treat others well and always conduct yourself professionally.

How do you establish trust with your clients and colleagues? Please share your ideas below!

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How Your Business Can Solve Real Problems

In order to maintain a long-term, thriving business, it is important that you offer a solution to real problems that people face. To do this, take the time to find out what these problems are, what solutions have been tried and failed in the past, and how your product or service can fulfill that need. The following is a basic list of suggestions for how to solve real problems with your business.

Look for a need. This is especially important in over-saturated industries where a great deal of competition exists. For example, a metropolitan suburb with a bustling downtown area is home to several different restaurants on every block. The reason each one is successful is because its owners have satisfied a need. Local residents want the convenience of city life while maintaining the quiet, more laid-back, affordable lifestyle of living in the suburbs. Their downtown area is like a prized possession, especially because of the shopping and dining that exists. Each restaurant offers something different, whether it’s a specific type of cuisine or a particular ambiance Without these options, local residents would have to travel into the city to find unique dining options, so these restaurants together fulfill a need for a convenient alternative.
Provide good value. At a time when everyone is watching his or her pennies more than ever, it is crucial to provide a good value. Is your product or service versatile? Is it reliable? Don’t forget to factor in those elements when deciding on price points. People are willing to pay more for something that is of high quality and can be relied upon. Another key aspect of value is the level of customer service you offer. When customers know that you genuinely care and that they can trust you, the value of your product increases.
Make sure your product or service is for long-term use. Have you ever bought something that needed to be replaced shortly thereafter? How likely were you to purchase from the same company again? Only offer products that will last a reasonable amount of time and services that can be used for the long term. That Bluetooth headset you sell should last a customer longer than his or her cell phone contract does. Similarly, those students who pay you for private voice lessons should be taught techniques that can be used in any style of music at all levels. Repeat customers mean long term success.
Seek out client feedback. This should be a top priority. Asking for feedback can be done informally through casual conversation or in writing on a survey card provided at checkout. Whatever strategy you use, listen carefully and adjust accordingly. You may have customers that swear by your products but aren’t being provided quality customer service by your staff. If this is the case, wouldn’t you do everything necessary to change that? Your clients are the backbone of your business, so listen to what they tell you.
Make improvements that benefit clients. Based on feedback you receive and other observations you make about how your business operates, make improvements that benefit the client first. For example, the owner of a small fitness studio wants to make renovations to her outdated space. As much as she looks forward to a lobby with a more efficient layout and an exercise area with new padded flooring and a state of the art sound system, she can’t afford to make all these renovations at once. The improved flooring will benefit her clients the most, as it will be easier on their joints and more pleasant to exercise in general. Make decisions with your customers in mind.

Step outside of your role as a small business owner and take an honest look at how you can solve real problems with your business. Evaluate your products, talk to your customers, and make improvements accordingly.

How do you solve real problems in your business? Please share your answers below!

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How to Plan for January Business Now

How to Plan for January Business Now

December is often an exceptionally busy time for retailers and small business owners. The holiday demand for products can keep you just going, going, going until the holidays finally arrive and you’re left exhausted. Unfortunately, right after the holidays many business owners experience a slump in sales…unless they’ve planned ahead. Here are some tips to keep your business going strong right into January:

Use the holiday business to your advantage. Don’t just coast through the busy holiday selling season without planning ahead. Put a specific emphasis on the advantages your customers will experience by coming back to you in January. Talk it up! And be sure to make a list of all the things you can be doing with every customer to encourage them to shop with you in January, so you remember to tell your customers about them.
Make a list. While your customers are shopping with you during the holidays, be sure to gather their contact information, and get permission to contact them later. That way, you have a marketing mailing list you can take advantage of after the holidays are over.
Offer coupons and other incentives that can be used in January. Every customer that purchases from you, and hostesses that host for you, should receive a special coupon that offers additional discounts, gifts, or other offers for coming back in January. Make it a “just for you” offer that allows them to pamper themselves after taking care of everyone else during the holidays. But get your customers thinking beyond the holidays. People still need things in January. Make sure they think of your business when they need them.
Hold a post-holiday sale. Many retailers offer special post-holiday discounts on merchandise, and customers expect these. Think about a sale that your business can offer after the holidays, and give each customer a flyer or email reminding them about that sale.
Offer a January promotion related to weight loss, New Year’s Resolutions or self-improvement. One of the keys to successful marketing is talking about the things people are interested in. In January, there is always a huge emphasis on New Year’s resolutions and weight loss. think about ways your product line might fit into this. For example, if you sell candles, you might have a promotion that focuses on the resolution to make more time for your spouse (candlelight dinners, anyone?) If you sell skincare, craft a promotion that focuses on “New Year, New You” and teaches techniques for improving your skin or updating your look. If you sell cooking products, focus a promotion on healthy cooking techniques. No matter what you sell, there’s a way to tie it into what everyone is thinking about in the New Year. Create a promotion that takes advantage of this to build your business, and make sure your customers know about it now so they’re ready.

To keep your business income consistent, you need to focus on the activities that will keep customers coming back in January. By applying these tips, you’ll attract customers who are ready to shop for themselves.

What are you doing to build your January business now? Would love to read your thoughts in the comments below.

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What Your Team Needs

What Your Team Needs

A strong team is not only good for business, but it is also essential to overall staff morale and your own peace of mind. Each individual contributes something of value to the team as a whole, so fostering those strengths is important. Your role as a leader is to provide the tools your team needs to succeed. Here are some suggestions for doing so.

Teach practical skills. Team members obviously need specialized skills that work specifically for your business, but don’t overlook the importance of teaching practical skills. These skills allow your team to function autonomously in a variety of tasks. Skills such as time management, problem solving, organization, and delegation are all necessary to succeed no matter what industry you are in. Teach directly when necessary and always lead by example.
Teach skills instead of trying to change personality traits. If you try to change who a person is, you’ll likely spend much of your time banging your head against the wall, figuratively speaking that is. If one of your team members has a shy personality and doesn’t assert himself with clients and colleagues because of that shyness, focus on teaching him tangible ways in which he can be more assertive. Encourage him to initiate follow-up correspondence with customers, prepare a script to anticipate objections, and give a firm handshake with consistent eye contact. The person will always tend to be shy, but that doesn’t mean he can’t succeed as part of the team.
Assess improvements continually. Be on constant lookout for improvements your team makes, both large and small. This can be done through regular meetings, informal briefings, and even frequent observation, such as sitting in on a work session. By taking a proactive role in your team’s well-being, you can help steer them in the right direction or possibly help them get back on track if they are losing focus or approaching a project in an ineffective way. Nurturing a team atmosphere requires your continual awareness of what improvements are being made.
Reinforce and support their improvements. Part of your job as a leader is to build up your team and recognize their good work. Positive reinforcement is an incredibly effective confidence booster and motivator. When your team is succeeding, show them that you notice with some kind words, a pep talk, or even treating them to lunch once in a while. Your opinion matters to them, so demonstrate your willingness to help, cheer them on, and support their hard work.

Team dynamics vary from group to group, so being able to recognize what the team needs is an important skill all in itself. Lead by example and practice positive reinforcement to motivate your team to succeed.

How do you provide for your team? Please share your ideas below!

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Five Ways to Increase Repeat Sales

Five Ways to Increase Repeat Sales

Repeat sales can be the difference between a thriving business and a failing one. In order to increase the amount of repeat business you do, the most crucial thing to remember is that friendship is more important than sales. By treating your customers just as you would your friends, you instill a sense of trust in your business, and give them plenty of reasons to continue patronizing your business instead of your competitors’ business. Begin seeing your customers as friends and increase your repeat business in the following ways:

Create opportunities for friends to buy, rather than having sales. The main idea here is that you want to appeal to your friends. What is it they need or want? Think about their favorite products, what they’ve expressed interest in, or what they’d like to see more of. For example, a customer wants to purchase your organic hair care starter kit for several of her friends this holiday season, but is hesitant to spend so much money at once. Even though you aren’t planning on discounting this item in particular, offer a special for this specific customer at a price that works for you both. Your willingness to satisfy her need as well as the personalized service will encourage her to come back again and again.
Truly believe that your product/service helps your friend. If you sincerely believe in what you are selling, that will shine through to the customer. Think of the last time you ate at a fabulous restaurant with delicious food and an outstanding wait staff: Didn’t you tell your friends and family about it right away? When we experience something pleasurable, we naturally want to share it with others. Your products and services are no different.
Always deliver excellence. Aside from making good business sense, a commitment to excellence will give you a leg up on your competitors and big business counterparts. When something goes wrong, fix it. When something goes right, commend those involved and integrate it into your regular business practice. Whenever possible, anticipate issues before they arise. The best way to deliver excellence is to be proactive.
Keep your promises. Of course everyone makes mistakes, but failing to keep promises is a surefire way to drive people to take their business elsewhere. Don’t promise something that isn’t 100% guaranteed, like something you cannot control. If a customer inquires about an out-of-stock item, an honest answer such as, “We expect the shipment on Monday afternoon,” will be much more appreciated than, “It will definitely be on the shelf by Monday.” What if the truck is late or goes to the wrong address? What if the order is wrong? Always be honest and only promise something when you’re sure you can deliver.
Focus on conversation, not a sales pitch. Because you see your customers as friends, you should take a true interest in their lives. Strike up conversations that aren’t disguised as sales pitches. Ask about family members by name when possible, find common interests, and share something about yourself as well. Remember that friendship is a two-way street, so don’t forget to do your part.

A commitment to building relationships is necessary for increasing your repeat sales. Focus on your customers as friends and do everything you can to help them.

How do you generate repeat business? Please share your ideas below!