Showing posts with label business strategy. Show all posts
Showing posts with label business strategy. Show all posts

Fail Often, Fail Fast, Fail Cheap

That's powerful recommendation from Jim Estill. he's a made businessperson United Nations agency build his business from nothing to annual revenue of over $300 million. He then sold  the business - sort of a sensible businessperson.

I have shared the stage with Jim as presenters and knowledgeable panelists. Jim has abundant knowledge to supply. Of all the recommendation I've gathered from him this one resonates with ME the foremost.

"Fail typically, fail fast, fail cheap." - Jim Estill

Just imagine however "the concern of failing" will halt success. Instead, Jim suggests that we have a tendency to settle for failures as necessary to growth.

Jim Estill discusses every purpose in additional detail during this article.


For higher Innovation - Fail typically, Fail Fast, Fail Cheap
by Jim Estill

Companies ought to be encouraging of failure. Too typically folks square measure disciplined for attempting things that don't work. I advocate the other. Praise people who strive - although they fail.
Read the remainder of this text at For higher Innovation - Fail typically, Fail Fast, Fail Cheap

This line within the article particulaily jumped out at ME.

"Having failures doesn't cause you to a failure. Not trying causes you to a failure."

20 Classic Case Studies Every Business Student Should Know

Enjoy this collection of 20 important business lessons illustrated with case studies.

Here are two that I particularily enjoyed reading.

David vs. Goliath

It's tough to be the little guy, especially when one of the big guys becomes your direct competition. But at Hangers Cleaners, an offbeat image and good customer service helped them pull through when P&G opened an eco-friendly dry cleaners in the same town. Hangers differentiated itself through van delivery service, funny t-shirts and hangers, as well as social networking. The company also spent time connecting with the community by partnering with local businesses and charities.

Instead of out-pricing or out-spending P&G, Hangers embraced its personality and adopted a culture of excellent service that customers found value in. As a result, Hangers has experienced growth while other local dry cleaners have reported flat or declining revenues.



Triumph in Niche Exports

Another excellent international case study comes from bike manufacturer Triumph, which lost steam in its British home base three decades ago, but found new life by heading overseas. In 2010, Triumph sold just 7,562 bikes in the UK, but 50,000 worldwide, indicating that an international interest paid off for the company. Triumph's famous factory in Warwickshire closed up shop in 1983, but the Indian factory remained, and these days, the motorcycles have become the country's Harley Davidson.

The company struggles to meet demand in India, with a six month waiting list and a new factory being built. India's middle class has embraced the vehicle as an affordable commodity, even giving them as dowries in weddings.


Read the rest of these lessons here.

20 Classic Case Studies Every Business Student Should Know



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The forever recession (and the coming revolution)

From Seth Godin

There are actually two recessions:

The first is the cyclical one, the one that inevitably comes and then inevitably goes. There's plenty of evidence that intervention can shorten it, and also indications that overdoing a response to it is a waste or even harmful.

The other recession, though, the one with the loss of "good factory jobs" and systemic unemployment--I fear that this recession is here forever.

Why do we believe that jobs where we are paid really good money to do work that can be systemized, written in a manual and/or exported are going to come back ever? The internet has squeezed inefficiencies out of many systems, and the ability to move work around, coordinate activity and digitize data all combine to eliminate a wide swath of the jobs the industrial age created.

There's a race to the bottom, one where communities fight to suspend labor and environmental rules in order to become the world's cheapest supplier. The problem with the race to the bottom is that you might win...

Factories were at the center of the industrial age. Buildings where workers came together to efficiently craft cars, pottery, insurance policies and organ transplants--these are job-centric activities, places where local inefficiences are trumped by the gains from mass production and interchangeable parts. If local labor costs the industrialist more, he has to pay it, because what choice does he have?

No longer. If it can be systemized, it will be. If the pressured middleman can find a cheaper source, she will. If the unaffiliated consumer can save a nickel by clicking over here or over there, then that's what's going to happen.

It was the inefficiency caused by geography that permitted local workers to earn a better wage, and it was the inefficiency of imperfect communication that allowed companies to charge higher prices.

The industrial age, the one that started with the industrial revolution, is fading away. It is no longer the growth engine of the economy and it seems absurd to imagine that great pay for replaceable work is on the horizon.

This represents a significant discontinuity, a life-changing disappointment for hard-working people who are hoping for stability but are unlikely to get it. It's a recession, the recession of a hundred years of the growth of the industrial complex.

I'm not a pessimist, though, because the new revolution, the revolution of connection, creates all sorts of new productivity and new opportunities. Not for repetitive factory work, though, not for the sort of thing ADP measures. Most of the wealth created by this revolution doesn't look like a job, not a full time one anyway.

When everyone has a laptop and connection to the world, then everyone owns a factory. Instead of coming together physically, we have the ability to come together virtually, to earn attention, to connect labor and resources, to deliver value.

Stressful? Of course it is. No one is trained in how to do this, in how to initiate, to visualize, to solve interesting problems and then deliver. Some see the new work as a hodgepodge of little projects, a pale imitation of a 'real' job. Others realize that this is a platform for a kind of art, a far more level playing field in which owning a factory isn't a birthright for a tiny minority but something that hundreds of millions of people have the chance to do.

Gears are going to be shifted regardless. In one direction is lowered expectations and plenty of burger flipping. In the other is a race to the top, in which individuals who are awaiting instructions begin to give them instead.

The future feels a lot more like marketing--it's impromptu, it's based on innovation and inspiration, and it involves connections between and among people--and a lot less like factory work, in which you do what you did yesterday, but faster and cheaper.

This means we may need to change our expecations, change our training and change how we engage with the future. Still, it's better than fighting for a status quo that is no longer. The good news is clear: every forever recession is followed by a lifetime of growth from the next thing...
Job creation is a false idol. The future is about gigs and assets and art and an ever-shifting series of partnerships and projects. It will change the fabric of our society along the way. No one is demanding that we like the change, but the sooner we see it and set out to become an irreplaceable linchpin, the faster the pain will fade, as we get down to the work that needs to be (and now can be) done.

This revolution is at least as big as the last one, and the last one changed everything.


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Kathy Bardswick, The Co-Operators Group radio interivew

Radio interview with Kathy Kathy Bardswick

Radio interview with Kathy Bardswick, President and CEO of the Co-Operators Group.
Kathy Bardswick has been with the Co-Operators for 32 years. She worked her way through various roles with the company. A working mom with four children she was inspired by her own mother (with six children) who encouraged her to pursue her dreams. Kathy earned her MBA at McMaster University.
—————————–
Inisghts from this interview with Kathy Bardswick

The Co-Operators is a co-operative that is owned by 47 other like-minded co-operatives.
Each owner owns an equal share. The share value does not change which means that the company does not focus on driving share value.

They are in the business of offering financial security for Canadians along with peace of mind for the ups and downs of life.

Co-operators was formed to meet unmet needs in 1945 by Saskachewan farmers who were unable to buy insurance from the traditional insurers.

It is run democratically in that everyone has a voice – yet people are held accountable.
A big concern and worry is the sustainability of our world environment and the quality of life.

The increasing gap between rich and poor does not bode well.

Youth Sustainability Conference – an opportunity for students to leverage their passion for sustainability.

We have reduced our internal footprint by 22%. The next goal is 50% and the step after that is to be carbon neutral.
entrepreneur to separate the two.


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Tips for Getting Your Start-Up Going



By Cynthia Kocialski

Entrepreneurs suddenly have an idea and then they just want to get going building the product and starting the new business. All entrepreneurs are impatient people. It’s hard to pull on the reins and get them to stop and investigate the idea before they go full speed ahead.



Almost all serial entrepreneurs and investors know that whatever the founder believes is the first product, won’t be the product. It’s almost always a variant. The better the starting point, the faster and more efficiently the entrepreneur will arrive at the start-up’s true first product offering.

What is it and why should it exist?

Most entrepreneurs start with the product idea. Before even thinking about wrapping a business around the product, the entrepreneur should ask themselves these questions.


What is the problem that the product solves? How much of the problem do you solve for the customer? A customer wants the total solution, not just 10% of it. Is the problem one the customer desperately wants solved? Are customers currently searching for a solution and unable to find one? Are they willing to spend to solve it? Does the customer need the problem solved immediately? How do you know these answers?

If the entrepreneur doesn’t have the answers then the start-up is already in trouble. The last question is there because I am always in awe at how many start-ups have never talked to an actual customer, and their answers are based solely upon research!


TIP: Exploring possibilities doesn’t require paperwork


Many entrepreneurs believe they have to have completed and filed all the corporate paperwork with the required government agencies before starting their venture. No, you don’t. You can create a company name, print business cards, give yourself any title you like, get a domain name, put up a website, and have a corporate email account without any incorporations, licenses, or permits.


Talk is cheap and you can answer the above questions without waiting for filings. Find the answers first.


TIP: Understanding Customers’ Work Behaviors


Many entrepreneurs have difficulty getting to speak with customers. Most will cold call or send unsolicited emails. The result is being ignored. Why? In an office environment, most people are most concerned about what work they need to get done today or the meeting they have to go to in an hour. They are trying to get through their daily to-do list and you are distracting them.

The solution is getting to talk to them when they are someplace where they are there to network and connect with others. That’s why attending conferences, tradeshows, workshops, and seminars works so well. They are removed from their day-to-day tasks. If you are targeting big companies as customers or are going to a large event, consider volunteering to register attendees. I know a founder who always works speakers’ registration, his potential customers come to him and while he’s checking them in, he gets to make an appointment to speak with them during the conference. It also means the conference for free.


Some of the smaller events will provide you with the attendee list. This will allow you to do research ahead of time. You can attend the meeting and look for specific people to talk with, and this is the real reason there are name tags and badges at events!


TIP: Learning What the Customer Really Wants

Most entrepreneurs get in front of their potential customers and spend all their time telling customers about the products they are creating. At some point in the conversation, consider asking the customer what are their top problems right now. It amazes me why founders just don’t ask, “What one problem would you pay anything to solve right now?” The answer may surprise you and you may just discover a better product to offer.


A good foundation is worth a lot to a start-up. It is not something that can be done in a day, a week or even a month. But getting a good starting point will simply make the rest of the planning and execution easier.



About the Author
Cynthia Kocialski is the founder of three tech start-ups companies. In the past 15 years, she has been involved in dozens of start-ups and has served on various advisory boards. Cynthia has held various technical, marketing, and management positions at IBM and Matrox Electronics. Cynthia has engineering and mathematics degrees from the University of Rochester and the University of Virginia. Cynthia writes the popular Start-up Entrepreneurs’ Blog
http://www.cynthiakocialski.com/ and has written the book, “Startup From The Ground Up - Practical Insights for Entrepreneurs, How to Go from an Idea to New Business”.


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Wayne Vanwyck, Radio Interview

Interview with business owner and business author, Wayne Vanwyck.

Wayne Vanwyck is the owner of three businesses – a training company, a call centre and a franchise business.

He is also the author of “The Business Transition Crisis”
————————————
Insights from this interview with Wayne Vanwyck

71% of business owners in Canada plan to retire in the next 10 years

This book is for baby boomers who own businesses and are or should be thinking about leaving the business.

Why would a successful business owner sabatage his own retirement?

Took a six month sabatical to travel around North America and research the book.

Your buisness is a product. One day you might want to sell it for a profit.

There are five million businesses in Canada. 98% of them employ less that 10 people.

Of the businesses that are for sale – only 1 in 5 will sell.

Your business is not you and you are not the business. It’s tough for an entrepreneur to separate the two.

Listen to this radio interview with Wayne Vanwyck


George Torok

Host of Business in Motion

Motivational Business Speaker



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10 Big Businesses That Started in a Garage

Every big business had to start out somewhere, right? Some have come from more humble beginnings than others, launching with no more than some basic equipment, a couple employees, a garage space and a big idea. Whether you’re a business or finance student hoping to follow your own path to entrepreneurial success or already working in your own garage on the next big thing, these stories of companies that rose from obscurity to be multi-million (or billion) dollar industries can be a big inspiration. They may very well help you finally realize your dream of getting out of that garage and onto bigger and better things.

Apple: Today, consumers will wait in line for hours just to get their hands on some of Apple’s latest products, but once upon a time this electronics giant was a mere blip on the technology industry’s radar. Back in 1976, Steve Jobs, Steve Wozniack and Ronald Wayne started a business out of a garage in Cupertino, CA, putting together one of the first prototypes of their personal computers. Over the next decades, the company would introduce several more models, including their Macintosh line in 1984, arguably what turned them from a struggling startup into a fully fledged business. Today, the company manufactures much more than computers, has almost 50,000 employees and brings in revenues of over 14 billion each year.

Google: Google might be a household name today, but back in 1998 the search engine giant was just starting out. Their corporate headquarters? A Menlo Park, CA garage. For the next five months, Google’s staff of three would work out of this garage, perfecting their search algorithm, indexing web pages, and raiding the refrigerator of their friend’s attached home. By the next year the company had outgrown the garage and eventually moved into what is today known as the Googleplex. To celebrate their 8th birthday, Google purchased the garage and intends to preserve it as a lasting legacy to the humble beginnings of their business.

Mattel: Mattel wasn’t always the toy maker we know it as today. When the Handler’s got their start in the 1940’s in a Southern California garage, they were making picture frames, not toys. Ruth Handler began taking the scraps of wood from those frames and making doll furniture, a side business which proved quite successful. Because of this, the entrepreneurs decided to change their focus to toys instead. In 1959, they introduced the first Barbie, and afterwards became a household name. Today they’re home to big names in the toy business like Fisher Price, Hot Wheels, American Girl and a number of board games.

HP: Back in 1939, Bill Hewlett and Dave Packard decided to establish their own electronics manufacturing company. Based out their garage in Palo Alto, CA, with an initial investment of only $538, the two helped establish the technology hub that would become Silicon Valley. When they started out, they made everything from high-tech electronics to agricultural products but by the 60’s were homing in on the tech market exclusively. Today, the company is an electronics giant, with some of the highest quality personal computing products on the market. They have opted to preserve the garage where they got their start, making it into a museum.

Amazon: In 1994, Jeff Bezos laid the foundations for what would be the online retailing giant Amazon in his garage, hoping to follow in the footsteps of fellow garage entrepreneurs HP. With a strong foundation, the company grew very quickly, and before long was in need of a much bigger space to house their operations. Today, there are few people who haven’t shopped with the online retailer, buying everything from food to televisions to electronic media. This small business had become one of the leading retailers in the world, with billions of dollars in sales each year.

Disney: While he would go on to build an animation and entertainment empire, Walt Disney’s first studio was a tiny, one car garage in Hollywood. There he worked on a variety of animation products, setting up a makeshift studio in the space, while he waited to see if his Alice in Wonderland pilot would be picked up by any major distributors. It was, and the company quickly moved out of the garage into a proper studio. These days, Disney is an entertainment giant for kids and adults alike with movies, theme parks and products around the world. That tiny garage was almost torn down, but the dedication of a few interested citizens helped to save it and interested visitors can go there today to see where it all began.

Microsoft: In 1975, Bill Gates and Paul Allen founded Microsoft, with just a few resources and an available garage space. Unlike Apple who developed both software and hardware, Microsoft homed in on the software market. Working with IBM, the company licensed their first OS for a mere $80,000. Later, they would go on to develop more sophisticated operating systems that would evolve into those we know as Windows today. The business would grow to be one of the most profitable and powerful in the world, dominating the personal computing market.

MagLite: Anthony Maglica started his dream of owning a business by working long hours to earn the money it would take to put a down payment on his first lathe. Working in a Los Angeles garage, he began to design and build precision parts for industry, aerospace and the military. By 1974, he was incorporated as Mag Instrument and the company was gaining a reputation for the quality of their products. In 1979, MagLite released their first flashlight, the product they are best known for today. It would help them to become a household name and secure their place in the market.

Yankee Candle Company: Unable to afford a present for his mother, young Michael Kittredge created his first scented candle from some melted crayons in his garage. Neighbors saw the candles and began purchasing them from him, eventually motivating the high school student to found a business with two high school friends. Kittredge sold the company in 1999 after a cancer scare, but it has gone on to even greater success and is now sold at many major retailers and a number of its own standalone stores.

Harley Davidson: It makes complete sense that a company selling vehicles would get its start in a garage or outbuilding, because that’s where those products eventually end up. Harley Davidson did just that, starting out in 1901 with a small business that built engines for bicycles. Of course, it wasn’t long before they started developing the motorcycles for which they are known, and in 1903 they had already released their first racing bike, constructed in a small wooden shed. Buoyed by the popularity and speed of their motorcycles, the company expands, constantly rethinking the best ways to build a bike. Today, they’re still known for producing some of the biggest, best motorcycles on the market and have become a household name.


Article Source
http://www.accountingdegree.com/blog/2011/10-big-businesses-that-started-in-a-garage/





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Ken Tencer – SpyderWorks Audio Interview

Listen to the radio interview with Ken Tencer of SpyderWorks.

Interview with Ken Tencer, CEO of SpyderWorks & co-author of “The 90 Percent Rule”
SpyderWorks is a strategic design firm. They are “stratical” – a blend of strategic and tactical.

——————-

Insights from this interview with Ken Tencer

The 90% rule is based on doing the things that you are 90% capable. That lowers risk and cost.
I came from a family of entrepreneurs and always believed that I would be and entrepreneur.
The book is perfect for anyone who wants a practical way to grow their business.
The risk test is – could it put me out of business?
Don’t try to hit home runs.
Look for what the next 10% can offer you.
It’s not necessary to invent anything.




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The Business Transition Crisis – Book Review



Who is this book for?

This book is a must read for entrepreneurs and business owners who are thinking about their succession plan or drafting an exit strategy. Every business owner must plan for that transition. Unfortunately not everyone does. If you don’t plan your business transition someone else will make the decisions for you.


What is the urgency?

This book sounds a timely warning to the baby boomers within that group. Many of those business owners will be forced into a fire sale. Baby boomers have affected so many aspects of our culture and economy as they’ve grown older.

If you are a boomer you might recall the mortgage rates of the eighties hitting the high teens. I felt lucky to lock in at 14% for five years. Prices skyrocketed when boomers were ready to buy – and they will plummet when they are ready to sell.

This book offers some startling statistics. One that might chill you is “71% of business owners plan to retire within the next 10 years, yet only 7% have a written plan for succession.”

Imagine the financial, emotional and health tolls on the unprepared business owners. Perhaps the most traumatic issue for entrepreneurs is to let go of the business they built. That’s the case at the best of times. Imagine the pandemic when the massive baby boomer crowd decides to exit en mass. That’s the crisis.


Why should you read it?

The Business Transition Crisis is a good read for any business owner even if the only thing it does for you is to help you recast your business as a product – not as your baby. That major perspective shift is necessary for you to begin and successfully complete your transition.

The book continues to offer perspective checks and guidelines for the successful business owner. You can follow this systematic approach to prepare yourself and your business for successful transition. Even if you think that it’s too early to start planning your transition it will be worthwhile to read the book, address the questions and start preparing yourself for the process.

The book is written in a business-owner-talking-to-business-owner candor. Wayne Vanwyck offers you insights from his experience as an owner of three businesses. That includes lessons from his mistakes and successes. He reveals his own painful wakeup call that forced him to address his business transition.

The author provides insights from the interviews that he conducted with hundreds of business owners across North America. The excerpts from some of these conversations are revealing. Some examples will make you cheer while others might sadden you. In every case the lessons are clear and simple. This is reflective experience speaking to you.

If you are thinking about your business transition then this book is a powerful yet clear and simple step-by-step guide to personal and financial success. You are presented with probing questions that must be addressed at each step of the process. There are checklists, action lists and tips.

There’s help on how to build your transition team and ensure that all the relevant players are working for your best interest. The book introduces the intriguing concept of working with a Business Transition Coach. This is a role that offers more comprehensive support than one would receive from a lawyer, banker, accountant or business broker.

The book lists and explores several options of retiring from your business. In each case there are important steps you must follow to ensure the success of your health, financial security and important relationships.

The Business Transition Crisis is a book that every business owner needs to read before they retire so they can retire successfully.


© George Torok is the host of the radio show Business in Motion. He has interviewed over 450 business leaders. You can listen to those interviews free at http://www.businessinmotion.ca/ You can also listen to those Podcasts on iTunes. George is a motivational business speaker. Arrange a speech or presentation at http://www.business-speaker.biz/ or call 905-335-1997



Book review by George Torok



Learn more about The Business Transition Crisis

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Creative Problem Solving Process - video

Creative problem solving is a process. You need both fools and experts on your creative teams.





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The truth about the APICS Innovation Showcase

Before you decide about registering for the APICS Innovation Showcase read these probing questions and revealing answers.


Why is APICS Ontario Grand Valley offering this new program of ½ day workshops?

These workshops offer you an effective way of developing critical success skills. These are the transferable skills that might never show up on a resume or in a job ad. But success is never based on your resume or job description. Success is based on how you do things

These workshops will help you improve “how” you do things. APICS wants you to be more successful.


What skill building programs are offered?

These programs are focused on you. You have a choice of six workshops. You may attend up to two. You can discover better ways to manage your thinking, your time and your communication skills. Imagine how you will feel when you can make smarter decisions, get more done and convey your message with better results.

If you planned to improve your personal skills this year this is opportunity knocking on your door.


If I’m attending the APICS conference why should I also attend the Innovation Showcase on Saturday?

You will receive tremendous value from the conference. You will make old and new connections with colleagues and industry leaders. You will learn about trends, ideas and opportunities. You will recharge and find renewed energy.

Is that enough? Maybe. But all around you people and companies are expecting more from you. Ideas and knowledge are not enough. Success comes from doing things well and that requires effective skills.

These ½ day workshops are much more than theory and ideas. They will help you develop the skills you need to be more successful.


If you are unable to attend the conference, can you still attend the Saturday Innovation Showcase?

Yes. Be sure to register early to save your spot because these workshops are limited to small groups for effective learning.

Reserve your place. Click here now.


Can non-members attend the Innovation Showcase?

Yes – and they can register at the member rate. This is your opportunity to develop your net worth with your network by sharing this timely information with them. How many people do you know that might want to improve their success skills?

These are transferable success skills that your contacts in other fields can benefit from. Perhaps your spouse wants to attend or has colleagues who are desperate to improve their effectiveness.


Can you attend only one workshop?

Yes. Select the skill set that you most want to develop now. You can register for one or two workshops. It’s your choice.

What programs are available?

  • Here are the workshop titles. Which ones can help you the most?
  • Innovate: Five Steps to Get Better Results with Reduced Resources
  • Understanding Yourself and Others
  • Managing Time for Success
  • How to Deliver Superior Presentations because Inferior Never Wins
  • Guide, Energize and Excite Your Employees
  • Dynamic Communications

Ready to register? Click now.


Yours in the interest of Success

APICS Grand Valley Chapter


PS: Invest a half day or full day in your success. You’re worth it, aren’t you?


Click here to register for Innovation Showcase


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Tom Beakbane interviewed on Business in Motion

Interview with Tom Beakbane, President and founder of Beakbane Retail Connections.

Beakbane Retail Connections is a marketing firm that helps business develop their brands and bring their products to the market.

Tom Beakbane started his company 23 years ago and employs 11 people. He was born in the UK and raised in Worchester – the same as the famous sauce.

Tom is a renaissance man. He lived in Kenya and France. He studied Neurophysiology and Bio-Chemistry and would sneak into art classes. He worked as a Sous Chef in southern France. Now his job in the kitchen is to wash up.
————–
Insights from this interview with Tom Beakbane

“What I love the most is when someone comes in with a raw idea.”
“Distilling complexity into a single message.”
“We like coming up with a good name.”
“The fewer things that you ask people to remember, the more likely they will remember it.”
“Our best client is passionate and open minded with a challenge.”
“Education is a foundation – not training for a job.”
“Words are merely buckets for creativity.”
“I hate cold calling but…”
“When we do a good job for clients they don’t need us anymore.”

Listen to this radio interview

George Torok

Host of Business in Motion

Business in Motion podcasts


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The Fifteen Most Common Publicity Mistakes Businesses Make

By Pam Lontos

As a business owner, you probably know that publicity is important to your success. But many businesses (and maybe you’re one of them) make crucial mistakes in their publicity campaigns. While some of the mistakes are more detrimental than others, the actual costs can be staggering.
For example, saying the wrong thing to a reporter may only cost you a quote in a national magazine. But in advertising dollars, that quote could have been worth hundreds. And you never really know who would have read the interview. Maybe a reporter for USA Today or maybe Oprah’s producer (or maybe even Oprah herself). Plus, what about all the time, money, and effort you spent in getting that reporter on the phone?
It’s true; everyone makes mistakes. By being aware of the more common ones, at least you can take action to avoid them. If you want to make the most of every publicity opportunity that comes your way, consider the following mistakes that businesses commonly make in their publicity campaigns:

Thinking hundreds of customers will walk through their door from one hit.
Fame and name recognition take time and repetition to build. In fact, a person will need to see your name and logo around six or seven times before they actually remember it. So regardless of what you’ve heard, there’s no such thing as an overnight success.

Not being unique in their approach.
No one wants to hear the same old message over and over again. So develop a hook, or unique angle that sets your business apart from others. For example, if you own a restaurant, consider what’s unique about it. What’s unique about your menu? Has the restaurant been family-owned and operated for generations? Do you offer vegetarian cuisine? The more you can make your message unique or different from the “old way,” the more attention you’ll attract.

Thinking they can’t get into a large publication.
Many small business owners feel intimidated by the big name publications. They envision high-powered magazine editors schmoozing with big company CEOs and lining up interviews with well-known figureheads for the next six months. In reality, editors scramble daily to find people to interview who have knowledge on the latest trends and topics. Realize too that editors must find new and exciting people to interview either weekly or monthly, so the more knowledgeable people they can add to their database, the better. Make yourself stand out as a reliable information source and you will get the media’s attention.

Thinking small publications don’t matter.
Even big name businesses had to build their expertise and name recognition by starting in small publications and trade journals. Although they aren’t sold on newsstands, you never know who’s reading them. So don’t overlook small publications as a foundation for your publicity.


Thinking their ideas are wonderful.
Touting your experience and explaining all the reasons why your business is wonderful to an editor is not an effective way to pitch your ideas. In fact, this is an immediate turn-off. Realize that an editor or reporter only cares about one thing: their readers. So instead of telling them all about your ideas and your business, first learn about their readers and what they want.

Pitching themselves, instead of a story for the audience.
Always pitch a publication or program by highlighting the benefits your business can offer their particular audience. Consider what uniqueness you can offer and why their readers or viewers will be interested in what you have to say.

Pitching the wrong person.
Besides wasting your time, pitching your ideas to the wrong media person will likely frustrate them. If you have an article you’d like to publish, you need to talk to an editor. But if you want to score an interview, you need a reporter.

Not finding out what reporters really want.
As you present your idea to a reporter, ask questions about what they’re looking for and what their audience is looking for. Then make changes to your initial idea based on their responses. Don’t try to “sell” your idea if it isn’t a good fit; instead, promote alternate ideas and emphasize your ability to address a variety of issues.

Not answering the reporter’s questions.
Always let the reporter or interviewer lead the conversation, because they most likely have an agenda for the story’s development already in mind. Don’t attempt to take over the conversation or talk about points the reporter doesn’t want to cover. They simply won’t include you in the final story.

Not getting to the point.
Audiences and readers love to hear firsthand accounts of experiences relating to the topic because it helps them know you on a more personal level. But don’t overload the reporter with unnecessary information that isn’t directly related to the story, and don’t ramble. If you can’t convey your message in a short amount of time, then your answer won’t be used.

Not respecting the reporter’s time.
Reporters work on time sensitive deadlines, and nothing will irritate them more than you being inconsiderate. So before you start pitching your ideas, always ask if they are on deadline. If yes, ask for a more convenient call back time.

Not gearing their pitch to the specific publication.
If you get a “no” response from an editor, reporter, or producer, always ask, “What don’t you like?” Then adapt your presentation on the spot. The more you learn about their needs and customize your message for their specific audience, the more likely you’ll be featured in their publication or on their show.

Making it an advertisement for their product or service.
Authors spend a large portion of their time selling their books because the profession simply demands it. But interviews and articles are not the right place to go on and on about your expertise and knowledge. You must let your information speak for itself. By giving solid, useable information, audiences will automatically know how great your book is.

Not providing their publicist with material and information in a timely manner.
Business owners are busy—that’s a given. But so are publicists, editors, and reporters. In order for your information to get into the right people’s hands, you need to give your publicist the requested information in a timely manner. Your publicist can’t pitch you and your book unless he or she has the most relevant information about you that showcases all you have to offer in a positive way. And if you make your publicist wait for information to send an editor or reporter, you may miss your chance to get interviewed or featured in your desired media outlet.

Not understanding the importance of frequency of publicity.
While it takes a long time to build your name recognition in the marketplace, it takes no time at all for people to forget about you. So you have to maintain the frequency of your publicity throughout the life of your business, especially when your competition maintains the frequency of theirs. Otherwise, you become old news.

Better Publicity in the Future
Just like everyone makes mistakes, everyone can avoid them by being aware of the common ones. When you make yourself aware of these fifteen most common mistakes that business owners make in their publicity campaigns, you can make the most of every opportunity and achieve a greater level of success in your business.

About the Author:
Pam Lontos is owner of PR/PR, a public relations firm that specializes in professional speakers, authors, and experts. Having been an author, speaker, and former VP of Disney's Shamrock Broadcasting, she knows the ropes of getting you good publicity and how to use it to really boost your business. Call for a free consultation at (407) 299-6128, and sign up for a free publicity tips e-newsletter at www.prpr.net.



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Small Business Branding

George Torok is a bestselling author of “Secrets of Power Marketing”. He is the host of “Business in Motion” He is a specialist in helping small and medium sized business gain an unfair advantage over the competition.

George Torok offers insights and ideas for small and medium sized buisness on branding and building relationships.
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Insights from this radio show

Branding might not be the answer to your marketing needs.
Big business spends lots of money on branding because they have no other choice.
Small and medium sized buisness can build relationahps instead.
Branding is only a second rate perverted relationship.
The magic words to building relationships are please, thank you and you’re welcome.

Small Business Branding on Business in Motion


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Mike Pley, COM DEV, Interview

Interview with Mike Pley, COO of COM DEV International.

Space – the final frontier!

COM DEV produces electronics for satellites. A Canadian company and world leader in satellite technology, based in Cambridge, Ontario and employing over 1,000 people.
Mike Pley is an Engineering graduate of McMaster University.
———————
Insights & exceprts from this interview with Mike Pley.

We have to build something that will be super dependable for 15 years.

You can’t make repair calls in space.

Our equipment is on 80% of the over 650 satellites up there.

We don’t go after the low cost world where price is king.

We want to encourage the next generation to become astronauts and engineers.

The next big project we are working on is the James Webb Telescope which is scheduled to launch in 2014. It will see far more than the Hubble. The James Webb Telescope is seeking to see first light – the beginning of galaxies.

Listen to the radio interview with Mike Pley

George Torok
Host of Business in Motion
Business Speaker


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Walter Booth Radio Interview

Audio interview with Walter Booth, Chairman of The Timberland Group

Walter Booth started at Timberland as a young Project Engineer more than 40 years ago. He rose to the rank of President, bought the company, sold the company and is now Chairman. He is an engineering graduate of McMaster University. He has donated at least $3 Million to the Faculty of Engineering.

The Timberland Group grew signifcantly during those years. Originally a company that manufactured winches for the logging industry, they now provide special winches and hoists for mining, power distribution, underwater exploration and off-shore oil.
———————————–
Insights from this 30-minute interview with Walter Booth:

“The business still excites me after 40 years.”

“They hired me because I had experience in the ski lift business.”

“Buying the company – we worked on that deal for at least a year. You want it to move faster
but it just took longer.”

“My boss encouraged me to join the Young Presidents Organization. I got to hang around successful business owners.”

“As chairman my chief role is mentoring and developing the new owners.”

"You have to bend the rules if you want success.”


Listen to the radio interview with Walter Booth


George Torok
Host of Business in Motion
Canadian Business Speaker

Business in Motion Podcasts

Business in Motion on iTunes


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Ray Simmons audio interview

Interview with Ray Simmons, President of CableTest Systems Inc.

CableTest Systems tests the wiring systems of military jets, high speed trains and the Space Shuttle (the exterior fuel tank has 8,000 connenctions). They provide a complex version of an electritian’s multi meter.

Ray Simmons has been the president and owner of CableTest Systems for the past nine years. Previously he was President of CRS Robotics. After a two year “retirement” he got edgy and longed to get back into business so he bought CableTest Systems.

Insights from this interview with Ray Simmons:

“Going public with CRS … was not me. That’s why I retired.”

“Retirement was quite challenging. I felt like I was disconnected.”

“55% of our business last year was in Europe. Asia is our next frontier. We like India.”

“Regrets? Two…”

“I think that in a technologly company a president that is totally focussed on technology is dangerous.”

“We’re on Facebook, Linkedin and Twitter.”

Listen to interview with Ray Simmons on Business in Motion.

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12 Mini-Lessons to Grow Your Business

These 12 lessons from John Reese resonated with me. I think you will find them to be valuable.

-------------------
In light of my upcoming 40th birthday, I want to share 12 valuable mini-lessons that I've learned so far as an entrepreneur...

These range from mistakes to avoid, to making strategic decisions, of how to get cash flow to come in the fastest, etc.

They are in no particular order...

1. ALWAYS DO MORE THAN IS EXPECTED OF YOU
I learned this at an early age from my Dad. He had a very successful career as a business executive and engineer, and this the core principle that created his success.

You can apply this to your business in many ways... over-delivering to your customers, giving unexpected bonuses to your employees or outsourced workers, and more. Most people do just the bare minimum. Do more than is expected of you and it will doamazing things for your business.

2. STOP DREAMING AND START DOING
Too many entrepreneurs get caught up in the big dreams of how they will one day be rich and how their life will be amazing......but they never end up doing anything. They buy courses, read all they can, jot down little notes and ideas in a notebook, but nothing ever actually gets created. A web site doesn't get made. Advertisingisn't run. Markets aren't tested. Nothing.

If you want to make a lot of money the only way that happens is getting stuff done. Period.

3. DON'T LET LEARNING DELAY ACTIVITY
Most people that have studied Internet Marketing much already have the basic skills that are needed to build a million-dollar business.

That's worth REPEATING... Most people that have studied IM much ALREADY HAVE the basic skills that are needed to build a million-dollar business. You can get stuck learning new stuff FOREVER. There will always be new methods and techniques that get discovered. The Internet changes on a DAILY BASIS. This is a given.

Don't get caught in the trap of "I'm going to start building my business right after I go through this next course..."You can start building your business TODAY while you are studying and learning new things that you can easily apply TOMORROW. Things will NEVER perfectly align for you and your business. There's no such thing.

So don't wait. Get started NOW and take action. Get some stuff going and go from there

.4. MULTIPLE IDEAS CAN BE THE KISS OF DEATH
It's okay to work on multiple projects and ideas. It's almost impossible to stop entrepreneurs from having tons of new ideas at the same time. BUT...

No new money comes in the door until you get ONE project launched and making money. Something has to be launched FIRST

.5. MAKE JUST ONE DOLLAR FIRST
No one has ever made a million dollars in sales without generating $1 first. ALL successful businesses start with that first sale and then grow from there. It doesn't matter what your income goals are. The faster you make your first dollar, the faster you will reach your goals.
PERIOD.

6. DO THE IMMEDIATE CASH PROJECT FIRST
What should you work on next? Whatever will bring in cash the fastest for your business -- and of course, I mean that in a moral/legal/ethical way. If you analyze all the great ideas you are probably sitting on, I bet you can realistically prioritize them in the order of which ones would actually make money come in the fastest (if it succeeds.)

THAT is the project you need to focus on. Cash is the lifeblood of your business (and your life.)Save some of those "big" ideas for the future. Focus on the ones that stand the best chance of getting new money to come in right away. Once you have some stable ongoing cash flow in your business, then you can take a chance on that project that may take longer to pay off.

7. EMAIL MARKETING KICKS THE CRAP OUT OFEVERYTHING ELSE
When it comes to growing a business online, nothing generates long-term cash flow like an email list of engaged subscribers & customers. Email marketing is the best way to generate traffic. It's the best way to 'recycle' the same visitors again and again to any of your projects. It's also the best way to convert prospects into buyers.

RSS, Twitter, Facebook, YouTube, BLAH BLAH BLAH Yes, those methods can generate leads. Yes, those methods can generate some sales. But time and time again little old email marketing kicks their butts -- by a long shot.

So make building a list, and a solid relationship with it, a top priority in your business.

8. RUN A LEAN OVERHEAD MACHINE
I can't stress this one enough. When you start growing a successful business it's really easy for your overhead to get out of hand. It's easy to start hiring a bunch of people and committing to a bunch of expenses. Take it from me, when you have months whereyour fixed expenses (doesn't include advertising, etc.) are well over $100,000/MONTH (and growing) it can put you in a tough position to make healthy profits.

I used to have fixed overhead that high but never again. I realized there were smarter ways to do things. What you need to realize is that REVENUE doesn't mean jack squat. It's your profit (income) that matters. So while running a $10,000,000/year business (sales) is impressive, I know people running a $1,000,000/year business that nets MORE than the person that ownsthe $10MM/year business. It all comes down to your expenses.

Sometimes it certainly DOES take heavy expenses in order to make a lot of money. But that's not my point...

My point is, your overhead can really get away from you. If your sales experience some dips, and it's almost guaranteed they will at some point, then you can LOSE YOUR BUTT very quickly. So add to your overhead as a last resort.

9. MAKE ACCOUNTING A PRIORITY
This is a big mistake that most entrepreneurs make -- and I've been guilty of it as well. Keeping the books and doing accounting work is the LAST thing that most entrepreneurs want to mess with. We have more fun by coming up with new ideas and trying to make them grow --not spending hours of our time inputting receipts and figures into QuickBooks. If you don't like accounting, immediately pay someone a few bucks to handle it for you. Just make sure your accounting is always up to date. It's very important.

As an extension of this, make paying your taxes a priority -- even if you pay them in advance. I have paid a small fortune in tax penalties because of being lazy and filing late. And it's too easy to let one delay turn into another and for the problem to get worse. So make it a priority.

Don't "rob Peter to pay Paul." This is a trap most entrepreneurs fall into -- again, I've been guilty of it in the past myself. It's easy to start making a bunch of money and think "I'll just use this money to make more money instead of paying my taxes on it now and I'll just pay the taxes later after I've made even more money."Or the same thinking is applied towards delaying payments to a vendor, or some other expense that needs to get paid. This is probably the #1 mistake entrepreneurs make that can create problems and a lot of wasted money in paying penalties and interest. So make sure your accounting is taken care of and your taxes get paid on-time for you.

10. DON'T LEASE OFFICE SPACE(If possible.)
As tempting as this might become if your business starts to grow, avoid it at all costs. If you're like me, what will happen is that you will eventually stop going to the office and just work from home where you always were more comfortable anyway. And/or you will end up realizing you really didn't need it.

Having an "office" is not required to have a successful business. We live in a Digital World now and it's just not important anymore. Even if your business grows and you need employees, you still don't necessarily need an office. There are people out there running $20MM+/year businesses with no office; the employees all just work virtually. This is becoming more and more common.* There certainly are exceptions to this. My team in the Philippines works out of an office I leased. But they are collaborating on software projects and NEED to work in the same location. And, of course, it's also very inexpensive. Most office leases are thousands of dollars per month and usually don't turn out to be a good use of cash.

11. ALMOST EVERYTHING TAKES LONGER
When creating new projects, or having some software made for you, or having an ebook ghostwritten, or anything else, know that things almost always take more time than originally expected. This is the #1 reason why you need to act TODAY to start putting things in motion to grow your business. The longer you wait, the more into the future you push your potential of getting money to come in the door.

12. THE MONEY IS IN THE MARKETING
Don't get caught up in trying to make Web pages and learn HTML, or studying how to create javascript, or learning to master Linux so you can administer your own server, or how to use Photoshop to create little logos, etc. You can certainly do that stuff if you want, but know that it will most likely just be a HOBBY.

It's no surprise that some of the most successful entrepreneurs I know are also some of the LEAST TECHNICAL people I know. The main thing they do right is to simply pay others to do all the "nuts & bolts" stuff that makes online business work. It allows them to spend all their time on the marketing -- which is where the money comes from.

*** BONUS LESSON ****
See how I'm over-delivering as mentioned in the first lesson? :)

SPENDING TIME ONLINE ISN'T NECESSARILY WORKINGON YOUR BUSINESS
Just because you spend hours a day online doesn't mean you're working on your business. You can do 'research' forever and never make a cent. You need to be spending most of your time on:
- Generating Traffic
- Communicating With Your Customers (i.e. blog, list, etc.)
- Creating Content Don't fall into the trap of reading blogs & forums, chatting on Facebook or Twitter, checking stats, reading news, etc. for hours upon hours. Just know that almost all of that stuff (with rare exception) is LOSING YOU MONEY more than making you money.

---I hope you enjoyed these mini-lessons. Hopefully, you can apply them to your business and be a lot more successful!

:-)Yours For Online Profits,
John Reese.

This message was sent by:
Income.com, 8815 Conroy-Windermere Rd #415, Orlando, FL 32835

Howard Shearer, Hitachi

Interview with Howard Shearer, President and CEO of Hitachi Canada. He is the first non-Japanese to be president of the company. He seems to thrive on cultural diversity. He is originally from Jamaica. He is also a people person. The two characteristics probably go hand-in-hand.

Howard has worked at Hitachi for over 25 years.

Hitachi globally employs over 300,000 people.

Hitachi is a strong technology company that operates in several markets including: consumer electronics, automotive electronics, computer storage, energy, medical, biotechnology, and high speed trains.

Insights from this interview with Howard Schearer:

“We’re in the business of serving customers.”

“There is no Hitachi car, but we are a major component in cars.”

“Business in all about relationships and that’s not done with products.”

“I don’t screen my calls. If it’s good news I want to hear it. If it’s bad news I want to hear it first.”

“I’m happy when it’s Monday.”


Listen to this interview with Howard Schearer

Listen to Business in Motion Podcasts

Visit Business in Motion Facebook page



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Evan Carmichael Inteview

Interview with Evan Carmichael, founder of EvanCarmichael.com – the online magazine for entrepreneurs. The site receives nearly 600,000 visitors per month. It has the world’s largest collection of interviews and stories about famous entrepreneurs.

Insights from the interview with Evan Carmichael:

“Donald Trump was our biggest target.”

“Entrepreneurs are arsonists, they like to light fires.”

“If you only had 24 hours to work on your business – don’t spend it all in one day. Instead spend one hour a day for 24 days.”

“If you check email in the morning, it ruins the rest of your day.”


Listen to the interview with Evan Carmichael

Listen to Business in Motion on iTunes

Business in Motion FaceBook page


George Torok

Host of radio show, Business in Motion

Motivational Business Speaker



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