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Added for You - Is Your Mindset Holding You Back?
What's in a Company Name? h of us needs to bring others into the business so our time is spent doing what we do best.You can hardly influence the development of your child by selecting whatever name. That is one of the conclusion of Steven Levitt published in the book “Freakonomics.” Most influence is given to a child before it is even born. You can do wrong however – according to an example in the same book of a parent that named a first son “Winner” and the latest born “Loser.” Imagine what happened to both of them...Whether you agree with Levitt and favor a nature viewpoint or you disagree and you favor There are grocery stores that will deliver your food; personal chefs that will cook your meals; bookkeepers who will pay your bills; and plenty of other experts who are willing and able to help you with tasks that need to be done but that don’t necessarily need to be done by you. You may be thinki Where to Advertise Your Small Business Online…Without Paying a Penny Our last newsletter series discussed how a website can help grow your brand and your business. We’re going to shift gears a little and consider how we can sometimes get in our own way and actually limit our success.From start-up costs to paying employees, entering the world of small business is not an easy journey for your bank account. After all of the hassles of figuring out how to pay for your initial costs of expenses such as office space and supplies, one large question remains. How do you reach potential consumers? Without a large budget to accommodate the overwhelming costs of advertising in print publications, attracting the attention of buyers can be a serious challenge.However As business owners and professionals, we made the decision to open our business for many reasons. The first one is (or should have been) because we have a love of what we do. We want a worklife focused on what we love doing and what we’re most skilled at doing. The second reason is often that we want control over our lives: We don’t want someone telling us what we’re worth.We want to control our schedule. We want to control our life. We start the business and suddenly discover that, in addition to doing what we love, we also have to be the Purchasing Manager (looking for the best price on office supplies), the head of Facilities Management (making sure the heat is on in the winter and the air conditioner works in the summer), the Vice President of Information Technology, and the Chief Custodian (keeping the “executive washroom” supplied and clean). As we build the business, we can get caught up in the mindset that we need to perform every task ourselves. We’re hyper-conscious about the need to watch expenses and, even though our revenue is growing, our first reaction is often to do things ourselves. The more time we spend on tasks that take us away from the core of our business – the things that we do so well that others are willing to pay us to do them – the less profitable, the more stressed, the more exhausted we will be. At some point, each of us needs to bring others into the business so our time is spent doing what we do best. There are grocery stores that will deliver your food; personal chefs that will cook your meals; bookkeepers who will pay your bills; and plenty of other experts who are willing and able to help you with tasks that need to be done but that don’t necessarily need to be done by you. You may be thinkin Mortgage Marketing - Broadcast Advertising vs Direct Advertising nt a worklife focused on what we love doing and what we’re most skilled at doing. The second reason is often that we want control over our lives: We don’t want someone telling us what we’re worth.We want to control our schedule. We want to control our life.Do you know how to design and deploy a marketing campaign?Even if your ad budget is small you should still plan and measure the results of you advertising. This process is the key to your ultimate success.You see, there are two types of advertising. The first is broadcast marketing. This category includes TV and radio commercials. While broadcast ads can be effective, they are very expensive and almost impossible to measure.And you can’t manage what you can’t We start the business and suddenly discover that, in addition to doing what we love, we also have to be the Purchasing Manager (looking for the best price on office supplies), the head of Facilities Management (making sure the heat is on in the winter and the air conditioner works in the summer), the Vice President of Information Technology, and the Chief Custodian (keeping the “executive washroom” supplied and clean). As we build the business, we can get caught up in the mindset that we need to perform every task ourselves. We’re hyper-conscious about the need to watch expenses and, even though our revenue is growing, our first reaction is often to do things ourselves. The more time we spend on tasks that take us away from the core of our business – the things that we do so well that others are willing to pay us to do them – the less profitable, the more stressed, the more exhausted we will be. At some point, each of us needs to bring others into the business so our time is spent doing what we do best. There are grocery stores that will deliver your food; personal chefs that will cook your meals; bookkeepers who will pay your bills; and plenty of other experts who are willing and able to help you with tasks that need to be done but that don’t necessarily need to be done by you. You may be thinki Pinoy Advertising Using Flyers the best price on office supplies), the head of Facilities Management (making sure the heat is on in the winter and the air conditioner works in the summer), the Vice President of Information Technology, and the Chief Custodian (keeping the “executive washroom” supplied and clean).Advertising using flyers is a cost effective way of delivering your product or services to your potential customers. Ad flyers are usually handed out on the street, near LRT or MRT stations, wherever there are lots of human traffic.Almost all of us have been handed an ad flyer at some point specially at malls. Its not uncommon for someone to accumulate handfuls of ad flyers just by strolling the mall. Most flyers being distributed in malls are about various food promos and agents selling rea As we build the business, we can get caught up in the mindset that we need to perform every task ourselves. We’re hyper-conscious about the need to watch expenses and, even though our revenue is growing, our first reaction is often to do things ourselves. The more time we spend on tasks that take us away from the core of our business – the things that we do so well that others are willing to pay us to do them – the less profitable, the more stressed, the more exhausted we will be. At some point, each of us needs to bring others into the business so our time is spent doing what we do best. There are grocery stores that will deliver your food; personal chefs that will cook your meals; bookkeepers who will pay your bills; and plenty of other experts who are willing and able to help you with tasks that need to be done but that don’t necessarily need to be done by you. You may be thinki The Missing Link hyper-conscious about the need to watch expenses and, even though our revenue is growing, our first reaction is often to do things ourselves.Getting from There to HereYou have spent a lot of time creating an online presence. You have virus protection and maybe a firewall to protect the security of your system, you have located a web host to manage your online presence, then you define the direction of your site and work at developing a look that is appealing and a format that is easy to navigate.You might think that after all this planning and preparation your work would be done, right? Well if you’re selling goods or serv The more time we spend on tasks that take us away from the core of our business – the things that we do so well that others are willing to pay us to do them – the less profitable, the more stressed, the more exhausted we will be. At some point, each of us needs to bring others into the business so our time is spent doing what we do best. There are grocery stores that will deliver your food; personal chefs that will cook your meals; bookkeepers who will pay your bills; and plenty of other experts who are willing and able to help you with tasks that need to be done but that don’t necessarily need to be done by you. You may be thinki Processing Recurring Payments: Get Paid in Full by Automating Receivables h of us needs to bring others into the business so our time is spent doing what we do best.In any business endeavor, an owner may encounter multiple sweaty-palmed experiences. Customers may engage in multi-tiered assaults ranging from vehement criticism of a product or service, censure for (the lack of) customer assistance, objection to time lag for delivering said product or service and the airing of numerous other grievances. Of course, an owner realizes that this comes with the precipitous territory of conducting business. However, it remains a humbling experience when interacting wit There are grocery stores that will deliver your food; personal chefs that will cook your meals; bookkeepers who will pay your bills; and plenty of other experts who are willing and able to help you with tasks that need to be done but that don’t necessarily need to be done by you. You may be thinking that you can’t afford to hire someone to help you. You can’t afford not to hire someone to help you. Hiring professionals is not a cost. Hiring professionals to help you is an investment. Yes, there’s money spent but there should be a specific return on that investment. For every hour gained, you should be able to generate more business, do more work, and increase your profitability. You should also gain important thinking time: Time to come up with a strategy for landing that sale, to decide how to solve that problem, to create that new product or program. In other words, things that only you can do. Here’s a challenge for you. Make a list of all the tasks you perform in your business that do not directly produce revenue. In other words, they’re not core business tasks. Between today and our next issue, keep track of the time you spend on those tasks. You’ll use the information when you read the next issue. Pardon us while we toot our own horn Coming Attractions Pause to remember
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