Working ON Your Business, Not IN it!
Are You Working ON Your Business?
Long term survival and the success of your business is dependent upon your willingness to spend time ON your your business instead of being a slave to it. You should be doing work to develop new business and making sure that you have all the other business management elements in place so you can invest your efforts on making your business better. So often, business owners seem to want new business to “find” its’ way to them, but that rarely happens. Furthermore, you have said to yourself a thousand times, “I can do this so much better than my employees.”
For you to really succeed, you must find time every day to work on at least one critical aspect of running your business. This might include networking, cold calling, marketing, or even reviewing the financials.
As the owner, you have to market and promote your products and services:
If the thought of marketing is overwhelming or intimidating, start with a simple strategy of scheduling lunch meeting with every business person you know in your community. You need this exposure and interaction.
Make time on your calendar to devote to working on your business, and don't let anyone or anything cancel that time. You are incredibly vulnerable to being sidetracked and losing your focus. Treat that time seriously, as if it were a major client meeting. As a business owner, it is absurd to think you can turn the entire marketing process over to a sales manager or a salesperson! You own the business; YOU are responsible for making sales, in addition to expecting your sales staff to do the same. If you delegate most of this to someone else, you are in effect saying - “I’m trusting my business and future to someone that is working here for a paycheck!”
See the vision as a roadmap, and then drive toward it:
Visions are more powerful than goals because visions have an emotional component. When you see a picture, it evokes emotion – involving your heart, not just your head. This is far more powerful than only writing down an idea. We are moved more than 90% more if there is a compelling picture involved! (think World Trade Center on fire).
Every business owner I have spoken with always says “I wish I could find sales people that have the same passion as I do.” The reality is these people would own their own business if that were the case. They will NEVER have the same passion and vision as you, so plan to set parameters, targets, rules, expectations and metrics to measure their successes (or failures). As an "acting sales manager" for many business owners, I help hold sales staff feet to the fire - making sure they are performing they way they should.
If you don't tell people about what you do, why you do it, how it will help them, then it’s like you are shooting ducks in the dark with a blindfold on. As an owner, you need to get from point A to point Z, successfully, so there has to be a strategy and you have to see where you are going to achieve this. Nobody gets into their car, puts on a blindfold and starts driving down the road!
Use Social Media to Get More for Your Marketing Buck:
Determine what social media networks your ideal clients use, and post to them frequently. For example, if your client or customer base is primarily retail type consumers, post on Pinterest or Facebook. There is NO QUESTION that social media marketing is being successfully used today. You need to make sure you are getting in on that action.
If you are mostly a B2B service, LinkedIn and Twitter work well to get your message out. Since I teach an eight-hour course on the best ways to use Social Media for Business, these two sentences can’t begin to say what you need to consider or do with social media. Just don’t be lulled into the belief that you don’t need it right now, because that’s sticking your head in the sand!
Today is a new world. We have a different culture and society whether we like it or not. This new society uses Social Media – a lot. Your customers ARE using it to communicate about your products and services, even if you have not embraced the social media world. Don’t get caught directly behind the eight ball, totally oblivious to what is happening with a large percentage of your existing customer base.
Properly Train New Employees:
Whether a new hire remains with your firm and becomes a productive part of the team depends a lot on how well they are integrated into the team. Do they have a welcoming first day? Are they given proper training?
In house training is extremely important if the new hire is going to be involved in sales/marketing. You must make sure they understand the value of your services and how to communicate that value. You can't drop a new hire into a selling situation, say, "Go to it!" and expect them to generate good results. Even if the hire has a great sales track record, they need instruction and training.
"Executives think they can go out and hire great salespeople. In their minds, they're hiring a salesperson in a box - just bring them in, add water, and the sales just roll in. Further, most sales and marketing people learned the process from “old school teachers” that made the sales call about themselves. Teach your staff that it’s about the client and NOT about your own company, or you will lose.