|
Serving the Red Lake and Ear
FallsArea of Northwestern Ontario
|
Business Strategies
for a New Year
I've tried to give up making resolutions when
the new year rolls around. Some people seem to be really great at
focusing in on what they want to accomplish in the coming year and
setting goals to achieve them. But I'm one of those who seem to
break them faster than I can make them. I've tried to analyze why
New Year's resolutions don't work for me, and I've never really
come to a conclusion. It could be because I live primarily in the
moment and it's difficult for me to look too far down the road to
the future, or because by nature, I'm a better starter than a
finisher. Whatever the reason, I've tried to give up making them,
but every time I'm facing the end of another year I feel that
familiar guilty tug that pushes me toward trying again.
What is it about a new year that compels us to
want to start over? Set new goals; try harder to do something
we've tried to do a hundred times already? Maybe it's the hope
that this time, we'll succeed. Or maybe it's the blank slate that
lies before us at the beginning of a year that makes us feel we
have the power to influence our own destiny. Whatever it is, it
moves me toward making that list every year. This year, I've
compiled some wisdom from various goal gurus, as well as from
people that are really successful at making and keeping
resolutions. I'm hoping their thoughts will help you to head into
this year with the confidence to set and achieve your goals for the
coming year.
Set realistic goals
The first step is to decide what you want to do.
Goals should be achievable, but should also stretch you a little.
What is it you want to accomplish with your business (or in your
personal life) this year? Make a list (yes - write it down; people
who write down their goals are 80% more likely to achieve
them).
Make a
commitment
The second step is to
commit to the achievement of your goals. Making a commitment is
more than just thinking about doing something. It means writing it
down, being specific, and thinking about how you are going to
adjust your life in order to be successful. It means asking
meaningful questions about the things you're committing to. Why is
that particular thing important to you? What resources do you need
in order to be successful? Who will you need to ask for help?
Having the answers to those questions helps you to forge a stronger
commitment to achieving those goals.
Get
support
None of us are capable of going it alone -
especially in business. In order to achieve the goals you have set
and committed to, whose support will you need? Who do you want to
be accountable to? What resources do you need, and where can you
find them? Can you partner with another entrepreneur to support
each other in your goal achievement? Do you need to find a mentor
who can help you through the difficult aspects of running your
business? Support is an important element of success.
Make better
choices
Just like choosing to eat better foods to be
successful on a diet, in business, there are little choices you
make every day that move you toward success, or away from it. How
you spend your money and what you spend it on, how you treat people
who work for you or who buy from you, how ethically you run your
business. Each choice either supports your goal, or sabotages it.
Be aware of those choices daily to stay on track.
Embrace
change
There's not too much you can be sure of at the
start of any new year, except that there will be change. If you are
the kind of person who is resistant to change, you'll continue to
struggle. If you want to grow and have your business grow, you must
learn how to embrace the changes that come your way, and ride them,
like a wave, to discover the next new stage. Business is
ever-changing, and you can't remain static if you want to be
successful. Challenge yourself to be open to change and to embrace
it when it arrives naturally, or is forced upon you. Be open to
changing your goals too - if something comes along that pushes you
to the sideline, re-examine it and adjust, then keep moving
forward.
With some new strategies, I'm feeling confident
that this year - I'm really going to do it! How about you?
|
Managing Your
Minutes
A New Way to Look at
Time Management
|
A few years ago I taught courses to parents on
how to manage family activities in a way that reduced stress,
increased free time, and improved the way time was used by all
family members. I was recently asked by a small business owner if I
had any easy-to-implement time management strategies that would
help her get control of her chaotic work schedule, and I was
reminded of the principles I taught families in those seminars. I
reframed them to suit a business context and gave them to her to
try. She was amazed at the results. Not only was she able to
clearly see where precious minutes had been wasted in her day, but
she also saw how to better organize her time so that her day would
flow more smoothly and efficiently. Here's how it works. Most of
us think of time in chunks - an hour, half-hour or at most, 15
minute chunks. Our day-timers and planners are organized this way
and we're used to thinking about time in this way. But what if you
broke your day down into minutes instead of portions of an hour?
You have roughly 480 minutes to "spend" in a typical eight-hour
workday. How you "spend" those minutes may vary from day to day,
but you may be surprised by how different your day might look if
you did "minute planning" rather than "hour planning".
|
|
|
|
The first step is to set up a grid to lay out
your day based on minutes. Write down each activity and how many
minutes you think it should take - and I mean EVERY activity. Then
write down the time (if there is one) that has been assigned to
that task or activity. Now, add the minutes most of us forget about
when jotting things in our calendars - the time it takes you to
travel to and from appointments, the fifteen minutes it takes your
food to arrive at the restaurant before you really start your
hour-long business meeting, the ten minutes it takes you to stop at
the post office on your way home from the meeting . . . well, you
get the point. Below is an example of what this might look like
(note that all the items in black are the
scheduled activities - which are usually what end up being recorded
in your calendar):

If you took these same tasks and slotted them
into a typical day timer, it would look like this.
9:30 - 10:30 Staff meeting
10:30 - 10:45 Coffee break
12:15 - 1:15 Lunch with client
2:00 - 2:30 Meeting with Joe
2:45 - 3:00 Coffee break
3:00 - 3:15 Meeting with Jan
3:30 - 4:15 Meet with lease company
That doesn't look like a very busy day,
does it? Now, look at all the other tasks (marked in red) and try
to slide them into the remaining chunks of time. If you look at
your minute chart more closely however, you'll see that your
meeting with the client which you've scheduled for an hour, in
reality takes almost two hours once you include travel and eating
time in addition to the hour meeting. That means you'll barely be
back in time for your meeting with Joe - even though on paper, it
looks like you have plenty of time. And, you've scheduled your
meeting with the lease company toward the end of the day and it's
10 minutes away from your office. Will you then come back to the
office for 40 minutes, and how productive will you be at the end of
the day? Which of your tasks can you slide into that 40 minute
slot?
Based on this minute chart and your 480
spendable minutes, you will get to the end of this day with no
minutes to spare. That doesn't take into account meetings that go
longer than anticipated, longer travel times due to
unexpected delays, long line-ups at the store, or your tasks taking
longer than you think they will. In all likelihood, this would have
ended up being a very stressful day, even though on your calendar
it didn't look like a very busy day at all.
Here are a few tips on how to make your minutes
more efficient:
Group errands
together whenever possible. You have three
separate errands on your minute chart, allotting travel time for
each of them. If you can do them when you're already out (before
or after your lunch with client) and find a location where you can
do all three of those errands within a close proximity, you can
save yourself a lot of time.
Schedule tasks
just as you would meetings. In your calendar,
you should block off the time required to do each task. Writing
your corporate proposal will take an hour - which hour in your day
will you use? If you assign a time to it, you're more likely to
commit the time to getting it done and stay on track.
Keep meetings
on track. You've got four meetings scheduled
in this day. Make sure that you stick to the time you've allotted,
or you'll be in trouble. If it is necessary for the meeting to go
longer - you may have to reschedule something else, or organize a
follow up meeting.
Adjust as you
go. When you've spent more than your allotted
number of minutes on any particular task or activity, make sure you
adjust the rest of your day accordingly. With no minutes to spare,
it will be impossible to get everything done if even one thing goes
longer than expected. Or, you'll be working later than you want
to! At the beginning of the day, mark each task that is urgent, or
time-sensitive so that you can quickly see which tasks could be
rescheduled to the next day if necessary.
If you've struggled with managing your time in
the past, give this model a try and see whether becoming more aware
of your minutes helps you to gain control of a chaotic
schedule.
Top
|
| |
| |
See Your Customer as Your
Boss
|
Think back . . . way back, to a time when you
were working for someone else; a time when you had a boss, instead
of being the boss. Do you remember what it was like to work hard in
order to look good for your boss? Did you go the extra mile to show
him, or her, your initiative and commitment? Did you try whenever
possible to take on something new, or do the things no one else
wanted to do? Did you find ways to improve your job performance,
and implement them? If you were an employee with an entrepreneurial
attitude, you probably did. And now that you're the boss, I'd bet
you're looking for those same qualities in your employees! As a
business owner you may think that you don't have a boss - but do
you? Think about it - have you ever thought about the fact that
your customers regulate your pay (just like a boss)? Have you ever
considered the fact that your performance affects their willingness
to give you their money? If you begin to think of your customer as
someone to please as opposed to someone to appease, it might make a
world of difference in terms of how they respond to you. It takes a
paradigm shift to make that transition, but if you can do it,
you'll be surprised by the results. Here are some ways to adjust
your thinking.
|
|
|
|
Look for opportunities to
shine
An employee who wants to impress the boss is
always on the lookout for ways to go above and beyond. Getting the
report done three days before it's due, taking on extra duties,
staying late to get the project finished, offering to pitch in with
a co-worker even though they don't have to - these are ways in
which a motivated employee seeks to gain the favour of their
employer. It's not so different with your customers. Do you look
for ways to go above and beyond? Do you give them more than what
they expect - even more than what they've paid for? Do you get
things done on time, or even ahead of schedule? Do you provide
perks and bonuses or things that add value to your product or
service. Just like an employer, your customers notice when you are
making an effort to provide exceptional service, and, just like an
employer, they will reward you for your efforts.
Accept responsibility for your
mistakes
A smart employee always takes responsibility for
his or her performance. Making mistakes is a human dynamic none of
us can escape - so those who are wise don't try. An employer tends
to be much more forgiving to an employee who comes clean when
they've blown it, than to one who lies, blames others, or tries
every trick in the book to get out of it. The same goes for your
customers. They're smart and they know when you've made a mistake
and are trying to cover it up. Your boss would likely fire you for
making a big mistake and trying to sweep it under the rug. Your
customers can fire you too! If they ever find out they've been
deceived or lied to, they will never come back. Chances are,
they'll also tell their friends never to hire you either! Be
upfront and honest and offer to put things right, and you will
prove that you are worthy of their loyalty.
Show
initiative
An employee who wants to be seen as exceptional,
will show initiative in every aspect of their job. They'll watch
how things work and make suggestions for improvement. They'll look
for ways to make their work more efficient. They'll take on
challenges they may feel unqualified for. They'll work harder than
anyone else on the team. Those kinds of employees get bonuses,
raises and promotions. Do you show initiative with your customers?
Are you constantly looking for ways to improve your service to
them? Are you willing to say yes more than you say no? Your
customers' way of giving you a raise or promotion is to remain
loyal and to refer you to others.
Ask for
feedback
An exceptional employee is regularly checking in
with the boss to see how they're doing. They take everything the
boss says seriously, and work hard to improve any areas that he or
she points out are lacking. They ask questions about their
performance, and demonstrate a willingness to change. When was the
last time you asked your customers about anything? Have you sent
out a customer service survey asking them how you're doing? Have
you taken their suggestions seriously and looked at whether
improvements can be made? The only way you can find out whether you
are performing to their standards, is to ask them. You can assume
you're doing OK, but until you ask you really have no idea. Just
like a boss feels positive toward an employee who seeks their input
on performance, a customer also feels that way toward businesses
that ask them their opinions on how they can improve.
The next time you're tempted to complain about
a customer, cut corners, fudge a little, or be lazy, imagine that
customer holding your paycheck in their hand. What you do makes a
difference as to whether you're going to continue to receive that
paycheck. Your customer is your boss - start thinking like that and
watch how things change - for the better!
Top
|
More Bang for Your Buck (part
2)
|
In part 1, we talked about how to measure the
success of your advertising and discover what 20% is working well,
and what you might consider cancelling. We also took a look at
print ads, Yellow Pages, and advertising on radio and television.
We love to get feedback from our readers, and last month, someone
from British Columbia questioned my comments in the first part of
this article regarding the value of short-term print advertising,
and commented that what may be true in larger cities is not
necessarily true in small communities. This is a good point. In a
smaller community where a business has less competition, a
well-placed print ad can often act as a reminder to locals that you
are still there, and can increase traffic to your business. The
most important point is - if you carefully track the success of
each of your promotional activities, as I outlined last month, you
can, after just a few months, see clearly what is working and what
is not! We'd like to thank our reader for
bringing out that point. In this article we want to talk
about how to educate your market and get your message out in the
community, and how to become a magnet company.
|
|
|
|
Get People Talking About Your
Business
Nothing works better to excite
consumers to give you a try than someone else writing about your
business (especially in glowing terms). Just today I went for lunch
with a business colleague to try a new Sri Lankan restaurant. His
wife had experienced a wonderful lunch there and he was dying to
try it for himself. We arrived at 11:45am with much anticipation
and were delighted that we had arrived early and that there were
plenty of seats left. Unfortunately our elation was short lived
when we realized that every single table had a reserved sign on it!
The server apologized most profusely and told us that a few days
ago the local newspaper had run a story on them and reviewed their
food. The review had been excellent and since then they had been
run off their feet! Would an advertisement have had the same
effect? I doubt it.
To get editorial coverage you have to provide
the journalist with a story. It is no good just telling them you
are having a sale, or have a new range of products. The story has
to be something the newspaper's readers or the television
station's viewers are going to be interested in. If the restaurant
had opened with mediocre food nobody would have been interested,
but the food (I am told!) is incredibly good and they are the first
Sri Lankan restaurant in town.
Another example I came across recently is that
of a counsellor opening a new practice, counselling people
suffering from anorexia. That in itself is not necessarily
newsworthy, but the fact that the counsellor experienced anorexia
when she was young and recovered, became a nurse and subsequently a
counsellor - what a great story! She has an innovative and more
practical approach to helping people because of her own
experiences.
So, editorial coverage is powerful and can bring
you lots of business, but don't expect the journalist to find your
story - you have to provide it, ready-wrapped! Once you do that,
everyone will be talking about your business.
Become a magnet company by
educating your market
Never before have our potential
customers been so knowledgeable about the products or services we
sell. The Internet has allowed people to educate themselves as
never before. It is imperative therefore that our knowledge of what
we sell is at very least equal to that of our customers. The
challenge we face, however is that a little knowledge can be a
dangerous thing! Customers may be misinformed, have got information
from a poor source, or perhaps from a website in another country.
Whether they have some knowledge of what we sell or not, we need to
educate our market ourselves. We need to tell our own story and
illustrate the value of what we sell in our own way.
How do we do this? There are many ways, and each
depends on what you're good at, or what you feel comfortable with.
Here are just a few ideas.
Write an article -Local newspapers and magazines are always looking
for something to fill their pages. Write a regular article on your
industry, or the type of service you provide. I know a renovation
company owner who wrote a regular column about home maintenance; it
gave tips and advice. His knowledge drew people to his
business.
Write (or have someone else write)
a book - this is a longer
term project but the rewards are massive. When you write a book
your credibility rises sharply and both the press and customers
will find their way to your
door.
Hold a seminar -
Rather than trying to reach your customers,
get them to come to you; if you have knowledge that is useful to
people, share it. I often hold seminars on subjects such as
writing business plans or proposals. I charge a modest fee and they
are usually well attended. At the end of each seminar people
invariably come up to me and ask whether I write business plans or
proposals. After seeing how much goes into one, they've decided
that they don't really have the time to do it themselves. In this
way, my marketing actually pays for itself!
Create an informative
booklet - this can be a quick
and fun thing to do. You don't need to be a first-rate writer,
although I would get a friend to edit it if you are unsure of your
prowess in grammar and spelling! People are interested in gaining
inside information about what you sell, and if you do it right, it
can increase your credibility greatly. I came across a builder who
produced a booklet with the title "10 Things You Should Ask Your
Contractor Before Hiring Him". It was very successful in bringing
him business as he obviously had answers many of his competitors
didn't.
So, what's the bottom line? Be smarter in how
you approach getting your message out. Get people to come to you.
Get people to see you as the local expert. Have fun creating ways
to get your message out there and become a magnet company!
Top
Quick Tips to Spruce Up Your
Marketing
|
Ah - marketing - a word that brings tears to the
eyes of many an entrepreneur. The single most dreaded task of small
business owners. That thing no one really wants to pay attention
to, but is most dangerous to avoid. For most of us, marketing is
not what we got into business to do, but it is a necessary part of
a successful business. If you've grown large enough to pay someone
to do this for you, you may be breathing a sigh of relief as you
read this article. Most of you though, are probably still trying to
figure out the best way to do this on a daily basis. Marketing
should be part of your overall yearly strategic plan. If it's not,
you need to spend some time creating your strategic marketing plan
and that will go a long way towards taking the "dread" out of doing
your marketing. The following tips however, are some quick ways you
can spruce (or spice) up your marketing efforts.
|
|
Review your
marketing collateral - take a quick look at
any printed materials you are handing out - brochures, rack cards,
business cards - and make sure they are error free and still
current. If you've had any significant changes (product info,
address, personnel) you should consider doing another print run.
With print costs becoming more reasonable, the risk of looking
unprofessional (you've all seen the efforts to white out old
information and write on the new) is not worth the cost of a
reprint.
Review
your web site - check all content to make sure
it's current. Old time-sensitive sales, contact information,
staffing changes - should all be corrected. Web surfers have little
patience for wrong information on web sites.
Look at your
showroom or storefront - if you have a
location where customers come to do business, you are marketing
your business right there. Take a look around. Is your showroom
free of clutter, tidy, and inviting? Do you have comfortable chairs
if customers are required to wait? Are your product samples and
marketing materials organized and displayed attractively? You'd be
amazed how many people judge a business by its "cover".
Do a quick
survey - you should be surveying your
customers at least twice a year - more if you really want to be in
touch with your market. Your customers give you the pulse of the
market. They'll let you know what you're doing right, and where
you need work. If you have an email list, send your survey via
email. If not, you can do it by phone, mail, or even right in your
location. Surveys should be short - no more than 5 questions - but
make them significant.
Keep an eye on
your competitors - don't get lazy. Just
because business is going well, doesn't mean you shouldn't be
concerned about your competitors. Make an effort to check in with
what they're doing and how they're doing it, and, how customers
are responding to it. Become one of their customers. This process
will guide you in your own marketing efforts.
Market your
staff - your staff is one of your best
marketing tools. Be aware of what's going on with them. How are
they treating your current customers? How are they managing their
time? How are they representing your company to existing and
potential customers? Do they display professionalism and courtesy
at all times? Are there any gaps in training you need to address?
Don't forget that your staff is the face of your company.
Although marketing is a year-long process, take
a few minutes every couple of months to do a marketing check-up.
The time you invest will be well worth it.
Top
|
| |
| |
|
| |
Chukuni Communities Development Corporation
PO Box 250
Red Lake Ontario P0V 2M0
Tel: 807-727-3275
Fax: 807-727-3285
www.chukuni.com
|
Published in cooperation with Your Corporate Writer - www.ycw.ca
|
|