How To Be Better in Business

How To Be Better in Business

The conscious choice to improve the way you do business is necessary to grow your business and move it forward. It is always a good idea to focus on one small area at a time so as not to spread yourself too thin. Consider the following suggestions for improving the way you do business.

Always look for new and better ways to do things. Sometimes we just get stuck in our old habits without thinking of better ways to do things that might be more efficient. For instance, even though you have been paying your bills online for years, you still find yourself with paper statements and an overflowing filing cabinet that needs to be cleaned out at the end of every calendar year. An easy solution would be to sign up for e-bills through your bank’s online bill paying system and/or paperless statements through your vendors themselves. Create an online filing system that works for you, and back everything up on an external hard drive or via cloud storage such as Norton or Carbonite. New and better ways of doing simple things are becoming available all the time, so take advantage of accessible resources.
Think of “no” as “not yet.” Perhaps one of the hardest things about owning a business is hearing the word, “no.” It may be from a potential customer, a recruit, or an existing client. Instead of taking “no” as the final word, think of it as, “I’m not ready for this yet,” or “I need more information about why I need this.” Adjusting your mindset when wearing your salesperson hat will prevent you from giving up too easily or shrugging off the follow-up questions you should be asking. Even if you only acquire one additional sale out of 5 or 10 by adopting this approach, it will be worth it to your confidence and to your bottom line.
Build lasting relationships to grow your business. Relationships with everyone you work with from colleagues to clients are the heartbeat of your business. Build new ones, nurture existing ones, and always demonstrate sincerity. Make an effort to learn something personal about your customers, especially something to which you can also relate like hobbies and family life. Find out from your staff what you can do to enrich their experience working for you or help them with something they’d like to improve. When others know you truly care, lasting relationships can be built.
Continue taking calculated risks. When considering taking a risk, make sure you are fully informed about the pros and cons and have a backup plan ready for the worst case scenario. Don’t fear risks so much that you never take them, as that can cause your business to remain static. Use your existing knowledge and skill set, research necessary information, and weigh the advantages and disadvantages of your decision.
Develop a reputation for excellence. It is better to do one thing extremely well than to do several things at a mediocre level. Focus on one aspect of your business, and strive to be the best at that one thing. For example, your bakery offers everything from freshly baked breads to custom made cakes. Your real strength, however, is that crumb cake that everyone raves about. Promote that particular product and consider creating new ways to use it, such as in bite-sized packages for gift baskets or kids’ parties. Your customers will always be able to count on your excellent crumb cake and because of your consistently high quality, they’ll branch out to your other offerings as well.

Don’t be overwhelmed by all the things you want to improve about your business. Just a few simple changes here and there can make a significant difference. What else should be added to our list? Please share your ideas below!

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Making Facebook Work For Your Business

Making Facebook Work For Your Business

Do you use Facebook for your business? With nearly a billion people using the social network internationally, it’s a great tool to connect with existing customers and prospects, while also finding new ones. But you can’t just advertise your business indiscriminately on the service. Keep these points in mind when using Facebook for your business:

Start with a Plan. Before you begin using Facebook for your business, be sure you know what you want to gain as a result. Are you trying to encourage repeat business? Find new prospects for your business opportunity? Get customer feedback? By starting with an end in mind, you’ll ensure that the actions you take on Facebook are focused and results-oriented.
Engage Regularly. Facebook is a SOCIAL network. You can’t be social if you don’t show up. So be sure to set aside time daily, even if it’s just 10-20 minutes, to engage with people on Facebook. Ask and answer questions, comment on photos and status updates, listen to what others have to say, share interesting content that the people you’re connected with may enjoy. The point is to be social, and not just post an update and move on to the next thing.
Set Up a Business Page. Facebook Terms of Service is very clear about where businesses are allowed to promote themselves, and it’s NOT within a personal Profile. (SEE: What is the Difference Between a Facebook Profile and a Facebook Page?) If you are planning to ask people to do anything on Facebook from which you will make money, you MUST do those posts within the context of a Facebook Page. (Don’t know how to set up a Facebook Page? SEE: How to Create a Business Facebook Page)
Run Contests Within Facebook Guidelines. Contests are a fabulous way to build momentum for your business, and create addtional awareness. But you must follow the rules. Rules??? Yes, Virginia, Facebook does have requirements when it comes to contests. You may NOT use any Facebook feature (liking, commenting, etc.) as an entry for a contest. Instead, you must use a 3rd party application to administer your contest. (SEE: How to Run a Great Contest on Facebook.)
Consider Facebook Advertising. Facebook advertising can be a great way to generate additional awareness of your business. Be sure you’re advertising in a giving spirit, however. Give away something free (such as an ebook or a coupon) to encourage people to click and learn more. (SEE: 8 Tips for Effective Facebook Advertising.)
Have Patience. Rome was not built in a day, and neither will your Facebook community. It takes time and nurturing to build an engaged community. Focus on providing great content, listening to and connecting with others, and making relevant offers that are interesting to your community. And ask your community to share your Page with their friends! If they find you valuable, they’re more likely to do so.

How do you use Facebook to build your business? What additional tips would you give? We would love to read your thoughts in the comments below.

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Six Ways to Build Momentum

Six Ways to Build Momentum

Have you ever taken on a project that seems so complicated you don’t even know where to begin? Once you do get into it, though, you often find yourself “in the zone” where you’ve built up so much productive momentum that you feel unstoppable. The creative juices are flowing and you’re accomplishing tasks left and right. This is a great feeling, but getting there can sometimes prove to be extremely difficult. Here are some suggestions to help you get to that point with built-up momentum and maximum productive potential.

Put first things first. You may have several things to do, but tackling the most challenging task first can help you accomplish what you need to when you are freshest, starting your day. So make a list of what needs to be done, and then prioritize the list so that the most important tasks are the ones you do first. This can help you avoid distractions and help you get things done.
Remember that you are in control. You are your own boss. Although that fact does come with its fair share of stress and responsibility, it also comes with the freedom to schedule your workday to accomplish your most important tasks. Maximize the benefits of being in control by delegating tasks to team members when possible. Ask for help when you need it, and take breaks when you are feeling too overwhelmed. Sometimes, just the thought of being in the driver’s seat of your business is enough to get you through a difficult project.
Mute the negative thoughts and stay positive. You’ve no doubt heard about the power of positive self-talk. Not surprisingly, negative self-talk is just as powerful, so it’s important that you tune it out. Anytime you catch yourself having a negative thought, remember that it is only hindering your productivity, not helping it. Replace it with a positive thought or motivational message. Positivity goes a long way in building the momentum you need to accomplish your goals.
Stay focused and avoid distractions. What types of things distract you from working on the task at hand? Is it the Facebook and Pinterest buttons on your toolbar that lure you away from the task at hand? Maybe you should hide the toolbar when working. Reward yourself with some “fun” time on your social networks when you’re done with your project. Distractions come in all shapes and sizes, so identify what distracts you and put yourself in a situation where they don’t get in your way. Remain focused on your desired endgame to maintain your momentum.
Avoid negative people. Some people just default to negative behavior: constantly complaining, persistently blaming others, and always having a reason they don’t succeed. These people should not be in your immediate circle, and they certainly shouldn’t work for you, as they may bring down not only you but your team as well. Surround yourself with people who will be your cheerleaders and who are as goal-oriented as you are. You will be much better equipped to build your momentum with positive people around you.
Keep a daily/weekly accomplishment tally. The busier our lives become, the harder it gets to remember what we actually accomplished by the end of the day or week. Keep some sort of tally or list to remind you what you completed and motivate you to continue. Such a record will also serve show you how much you are really accomplishing on a regular basis.

Building momentum is crucial to continuous goal accomplishment in your business. Have you used these strategies in the past? How have they helped you? What else should be added to our list? Please share your ideas in the comments section below!

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Tips for Making More Money in Your Business

Tips for Making More Money in Your Business

So you’ve established a successful business model, built up a loyal clientele, and have begun enjoying the fruits of your labor. Now it’s time to increase your profit.

It may seem difficult or sometimes impossible to increase your income stream as a small business owner or direct seller. However, making more money doesn’t always require spending more money. The following tips can help you make more money for your business.

Have a detailed plan, but be ready to adapt. Anything in your business that you want to change should be carefully planned, including dates, deadlines, numbers, etc. Be aware, however, that you can’t always anticipate every circumstance, so be ready and willing to adapt if necessary. For example, a business owner decides she wants to add more clients to her business in order to make more money. She plans for increased costs in advertising as well as increased demands on her time. Soon she realizes that adding more clients takes too much time away from her family, so she changes her plan to one that allows her to increase her fees for her existing clients by adding more valuable services instead. By being adaptable, she was able to achieve her goal and avoid burning out.
Be a creative problem solver. In what area is your business lacking that is preventing you from making more money? Think outside the box to solve problems creatively when answering this question.
Persevere. Remember that old ketchup commercial that stated, “Good things come to those who wait”? This old idea has a great deal of truth in business. The road to success may have rough spots and roadblocks, and you may not see the results of your hard work right away. If you really want something, though, it’s worth staying the course. Perseverance is an admirable and valuable quality to cultivate in yourself.
Have mentors. No one succeeds without some level of help. Seek out mentors who have succeeded in their own businesses. Pick their brains for ideas you may not have thought of. Most people are happy to share their success stories with others and pay it forward. Mentors can be people you already know, other business owners you meet through networking, or even authors of published materials that are inspiring to you. Never stop learning from those who have already done what you’ve set out to achieve.
Stay lean with your budget. Be very careful and deliberate about how you spend money. As the owner of your business, you should be aware of every aspect of your cash flow. Without sacrificing service or value, find ways to decrease spending where possible. Buying used equipment instead of new, focusing on one marketing method at a time, and increasing use of free resources like social media are examples of how you can tighten your budget.
Believe in yourself. If you don’t think you can do it, then you won’t. Remember that more success requires more hard work, so make sure you’re up to the challenge. How badly do you want to achieve this? If it’s in your heart to succeed, you will always find the motivation to continue. Confide in people you trust to help boost your self-esteem and look at your previous accomplishments when facing self-doubt.

Your quest to increase your bottom line may be difficult and take many unexpected turns, but with a bit of preparation and self-confidence, you can achieve your business goals. What else do you think should be added to our list? Please share your ideas below!

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4 Tips to Improve Your Business Marketing

4 Tips to Improve Your Business Marketing

Marketing for your small business requires a good deal of creativity, especially if you want to avoid wasting precious dollars on things that don’t work for you. No matter what type of marketing you choose for your business, there are some key concepts to keep in mind. For example, focus on what your customers want and how you can help them, and work on marketing yourself instead of your product or service. With these things in mind, the following suggestions can help you improve your overall marketing strategy.

Leverage your strengths. Many small business owners make the mistake of apologizing for what they don’t provide or services they don’t offer. Instead of doing this, emphasize what you can do for your customers by demonstrating the strengths of your business. For example, a mobile pet groomer does not service cats at all. Instead of drawing attention to this, she focuses only on marketing her business to owners of dogs only. Any literature she distributes refers to her business as a dog groomer, not a pet groomer. She emphasizes this so effectively that most people don’t even think to ask her if she services cats at all. In the rare instances that they do, however, she still responds by reminding clients that she grooms dogs of all breeds and sizes. Her ability to highlight her strengths and use them to attract the right customers makes her marketing efforts much more effective.
Look at your competitors’ weaknesses. Gather some marketing materials (flyers, newspaper ads, emails, social networking sites, etc.) from your competitors. Look at them from a customer’s point of view and decide what their weaknesses are. You might get a beautifully designed email in your inbox complete with hyperlinks to their website, scannable coupons that save you the hassle of having to print them out to use them, and a brief but memorable description of the services provided. The only problem is that some similar version of this flyer gets delivered to your inbox at least once a week. After the first couple of weeks, you know what you’re going to find, so you start deleting it as soon as you get it. The flyer itself is not the weakness here, but the frequency and lack of variation of the email. Learn from these types of mistakes and avoid them in your marketing plan.
Incorporate trends that make sense for your business. This requires some industry research, but can prove quite beneficial for your marketing efforts in the long run. Find out what others in your field are doing, and if possible, incorporate it into your business. Back to our mobile dog groomer, she has researched other local groomers and has found that they offer incentives for customers who are located within a 5-mile radius of her home base, have more than one dog to be groomed, and who use her services multiple times in a 6-month period. All of these perks make sense to incorporate since they are starting to become a standard in the industry, and they will help her stay competitive. It would be a good idea to point out these incentives in her marketing efforts as well.
Brainstorm with your community and customers. Feedback from your customers is a valuable tool that you should be using on a consistent basis. In addition to asking about how satisfied they are with your services, pick their brains about what kind of marketing gets their attention. It can sometimes be difficult to see something from a customer’s point of view when you’ve been so focused on your role as business owner. Strike up conversations within your community to gain a new perspective; your customers will appreciate your interest in their opinions.

Emphasizing your strengths, downplaying your weaknesses, and industry research can improve your marketing and help prevent you from wasting money and time on methods that don’t work.

How have you improved your marketing? Share your ideas below!

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The Power of the Success Mindset

The Power of the Success Mindset

As a small business owner, you work hard. But sometimes it seems that no matter how much effort you put in, your business is not growing in the direction you might hope. So you work even harder, but don’t get the results you’re seeking.

Have you ever stopped and asked yourself why?

It’s because the act of simply doing things isn’t enough to grow a business.

So what else is missing? What does it take to build a successful, thriving business (without killing yourself in the process)?

It’s about mindset.

You see, it’s very easy to be busy all day. To be a “reactionary” business owner that responds to each situation as it comes. But that’s not what successful business owners do. Instead, they are very intentional about setting each day’s agenda so that it corresponds with their goals. It’s not that they don’t deal with things that come up. But they choose the tasks and the direction most in line with their goals. Without taking the time to do this, you will never grow in the direction that you hope to.

So where do you start?

Fortunately, we at the DSEF have produced a free downloadable workbook that will help you with this process. Simply complete each of the activities in the workbook to focus your business efforts in the right direction. This is an essential activity for every business owner.

This workbook will guide you through the following steps:

Defining your why
Tuning out negativity and committing to positive self-talk
Making a plan
Building in accountability
Using visualizations
Making a plan for when you fall
Focusing on excellence instead of perfection

By printing out this workbook and completing each of the activities, you will find that you are much more intentional about each of the business activities you choose, and will find that your business grows in the direction you desire.

Download the workbook for yourself from our Facebook Page, and share it with your business associates and loved ones. It’s an incredible gift you can share. Here’s a link you can share with your friends, so they can get their copy too: http://bit.ly/dsefebook2

How do you create a mindset for success for your business? We’d love to read your thoughts in the comments below!

p.s. This is just one of the many free business resources we at the DSEF provide, no strings attached! We are committed to helping entrepreneurs with the resources they need to build strong, ethical businesses. It’s one of the cornerstones of our non-profit Foundation, so we hope you’ll enjoy this free resource, and check our Facebook Page daily for even more free resources and tips. Here’s to your success!

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What You Need to Grow a Business

What You Need to Grow a Business

Congratulations! You’ve done something significant: you’ve launched a business and are maintaining a certain degree of success. Since the initial startup period has long since passed, it may be time to start thinking about how to take your business to the next level. You might think that doing so may take just as much “blood, sweat, and tears” as starting up your business from scratch, but there are simple things you can do right away to grow your business and continue achieving your goals.

Prepare financially and be ready to grow. Expanding your business will most likely require some sort of financial investment, such as a new marketing plan or travel costs for attending conventions and networking events. It is just as important now that you plan for these added costs as it was when you started the business. Are you prepared to see a slow return on your investment? Will investing this money take away from other key elements of your business? Once you’ve prepared yourself financially, make sure you are in the right mindset. Business growth will likely put more demands on your time. How will that impact your existing customers and your family? Only you can answer those questions, so make sure you are okay with the answers before you take the leap into business growth.
Think big and outside the box. One of the most successful entrepreneurs of our time, Donald Trump, wrote that “as long as you are going to be thinking anyway, think big.” Why put limits on what you can accomplish? You may not achieve every single dream, but selling yourself short before you even begin only keeps you where you are. Look for ways to grow your business that have large-scale impact. Be creative and try coming up with something original. You can always dial it back later.
Increase marketing. Growth cannot happen without some level of increased marketing. Assess your current marketing plan by figuring out what specifically is working and what is not. Eliminate the weak points and expand on the strong ones. If there is an untapped customer base or a marketing method you haven’t tried yet, give it a shot. You won’t be able to grow without adding to your bottom line, and that can’t be done without attracting more customers. Research what options will give you the greatest return on your investment and proceed full steam ahead.
Diversify and expand your team. Your team should consist of people whose strengths complement yours and each other’s. When looking to add to your team or staff, seek out different types of people. For example, you’ll want people who are strong face-to-face sellers, others who have a head for numbers and projections, and still others who are creative and contribute originality. A team that can pool their strengths and work together toward a common goal has the potential to be unstoppable.
Listen to customers. Ask them for their feedback about a variety of topics, including what new products they’d like to see, how service can be improved, what made them come to you as opposed to a competitor, etc. Customer loyalty has a huge impact on the success of your business, so it makes sense to pick their brains about how you can improve and grow. They will also appreciate your interest in their opinions.

Your business growth potential is limited only by your imagination. Use your available resources, your own expertise, and feedback from your customers to begin a plan for expansion.

What else do you think should be added to our list? Please share your ideas in the comments section below!

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Making a Road Map to Your Goals

Making a Road Map to Your Goals

Goal setting is a crucial part of realizing your personal and professional dreams. However, it isn’t enough to create these goals mentally; you must write them down. The act of writing down your goals gets the process off to a head start and gives your brain its own set of instructions. The more specific your goal is and the more details you provide, the more successful you will be at achieving it.

Here are some suggestions for mapping out your path to achieving your goals.

Give yourself time each week to clarify your goals. It isn’t enough to just write down your goals and bury the list away. Frequent review and adjustment of your goals should be considered a requirement of achieving the goals themselves. Spend an average of 10-12 minutes a day revisiting your goal list and making necessary adjustments to it. For example, say your list of goals includes revamping your website, seeking out more referrals, and creating a new marketing plan. By revisiting this list each week, you can assess your progress. You may realize that you have spent most of your time on your marketing plan, but have completely neglected the other goals. This time each week can also be spent adding specifics to each goal, like due dates and relevant numbers.
Spend enough time on weekly goals. If you set goals that you want to be met by the end of the week, you should be spending at least 50% of your time doing what it takes to achieve them by Friday. So if you put in an 8-hour workday, then an average of four hours per day should be set aside for weekly goals. Keep this in mind when setting your goals for the week. Will you be able to invest that much time? What do you have going on this week that might prevent you from accomplishing your goals? Set your goals high, but be realistic about what is required of you to meet a weekly objective. Always set yourself up for success.
Build relationships with people who can help you achieve. Win/win relationships are those that benefit each person. For example, as the owner of a hair salon, you may form a relationship with the boutique owner down the street. During prom season, you could cross-promote services and exchange referrals. A relationship like this provides benefits for both parties and helps to achieve sales and marketing goals. Make win/win relationship building a priority when you create your road map.
Embrace the good and drop the bad. We all make New Year’s resolutions, but many of us fail to stick with them throughout the year because we don’t commit to making those resolutions a regular part of our lives. When setting your long-term goals, focus on forming 3 good habits and breaking 3 bad habits a year. You may decide that you want your customer service follow-up to become habitual, rather than sporadic and on an as-needed basis. You may have sabotaged your past efforts because you tend to procrastinate, so commit to dropping that bad habit as well. When making your goal list, consider what you will do to make a desired behavior habitual and an undesired one a thing of the past.

Developing a road map to your goals provides you with a clear path and increases your chance of success. How do you map out your goals? Please share your ideas in the comments below!

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DSEF & CBBB: 7 Tips for Optimizing Your Professional Profile Blog

DSEF & CBBB: 7 Tips for Optimizing Your Professional Profile Blog

By Lindsey Max

Mashable lists 7 tips for ensuring you have the best online professional profile:

1) Keep it up to date: Post as often as you can with any new changes, statements, or recommendations. Try getting a new recommendation once a month; or, if you receive multiple recommendations at once, spread them out in your postings.

2) Refresh your keywords and specialties: Find popular terms from job search websites that describe specifically what you do and integrate them into your profile. Be careful not to overuse these keywords, however, and be sure to include them in a natural way.

3) Be Everywhere: Create multiple online profiles, making sure your message is consistent throughout all of them. Participate in online discussions, post recommendations, and comment on blogs to get yourself out there!

4) Get the recognition you deserve: Don’t be modest! If you have received any awards or have had special accomplishments, SHARE THEM!

5) Diversity your professional and peer recommendations: Having recommendations from more than one group will add to your credibility. Don’t have all your recommendations come from your coworkers at your previous job, for example.

6) Request personal and professional recommendations: Ask for specific recommendations, but always remember to say thank you. It is very important to show your appreciation, and little things like a thank you note or a $5 Starbucks card may help more than you think.

7) Get involved in groups on LinkedIn and other job forums: Look for LinkedIn groups and job forums that relate to your specific career goals and get involved. Such groups and forums can be great ways to network with company executives and recruiters.

To read the full article, visit http://mashable.com/2012/07/17/optimize-online-professional-profile.

Free e-book “Business Owner’s Road Map to Success.” It has over 50 pages of techniques for everything a small business owner needs to master, from business planning and ethical selling to a success mindset. It’s all there and it’s free for you. To get it, just “Like” our Facebook Page here: http://on.fb.me/KsIN6P Pass it on!

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Using Instagram for Your Small Business

Using Instagram for Your Small Business

Instagram is a photo-sharing tool that has recently exploded onto the social media scene. A free app that can be found on both the Apple and Android mobile platforms, it provides users with a novel way to connect with a whole new group of people.

According to Instagram’s website, “It’s a fast, beautiful and fun way to share your photos with friends and family. Snap a picture, choose a filter to transform its look and feel, then post to Instagram. Share to Facebook, Twitter, and Tumblr too – it’s as easy as pie. It’s photo sharing, reinvented.”

If you regularly take pictures on your phone and share them with others, you should consider using Instagram as a networking and marketing tool.

How you can benefit from Instagram:

Capture moments from your business events. Photos of conferences, openings and special celebrations can be filtered to capture the tone or mood of an image. These can then easily be sent right to a tab or album on your business Facebook page. Clients and contacts who visit the page will be able to get a feel for what kind of energy existed at these events and may be motivated to learn more about your business. And once you share photos from Instagram to Facebook, it’s easier to access and use these photos in other places, like Pinterest and your website, as well.
Make your business feel more real by taking and sharing photos from around the office, your production process, etc. Before someone signs on to work with you, they can get a glimpse of what it might be like to actually work in your business. What does a typical day look and feel like? These images can share many valuable details about the day to day of your business environment.
Share photos as subtle business messages. Your business can take pictures of happy customers for instant testimonials, parties, fundraisers, and training events to share with customers, contacts and team members. Share photos of people having fun with your products, too. By using appropriate tags, users will be able to find them easily. Remember that Instagram is a social network, so you should share these images as well as images that are personally important to you.
Connect with a new group of people. Use Instagram to browse other photos that appeal to your personal and professional interests. By following users who share such images, you can connect with a wider range of people who may become part of your broader business network. Remember to give as much as you get by taking the time to like and comment on images that appeal to you.
Engage with customers regularly by inviting them to share photos of themselves using your products on your Facebook wall. Encourage users to comment on photos and even hold a contest where people vote on their favorite every month. Instagram can be a tool that helps you keep an ongoing conversation about your products and business.

Maintaining a social media presence can be overwhelming if you try to participate in too many. Don’t rush to use Instagram if you don’t feel you have the time to invest in it right now. It’s a great tool for those who already enjoy taking and sharing pictures. Now you can use that passion to benefit your business.

Are you already using Instagram in your business? How have you benefitted from it? Please share your ideas in the comments section below!

All posts tagged network marketing

How To Be Better in Business

How To Be Better in Business

Six Ways to Build Momentum

Six Ways to Build Momentum

The Power of the Success Mindset

The Power of the Success Mindset

What You Need to Grow a Business

What You Need to Grow a Business

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