In the Niche of Time

Identifying a business niche can save you time and money.You’ve probably heard advice about how it helps to carve out a niche for your business. But did you know it will also save you a tremendous amount of time? Here’s why.

When a small business first opens, the entrepreneur is thankful to take anyone who breathes and pays their bill. Once the business fills with customers, the owner can afford to get more particular. They can take a look at what type of clients they like to serve best, as well as the type of clients they best serve.

Through targeted marketing, small business owners can begin to attract the type of clients they prefer. That’s when defining your niche comes in handy. But it also saves time in your business. [Read more…]

These gals did it. Check this out…

My friends Marie Forleo + Laura Roeder, the B-School chicks, just released a
fantastic training video.

Here’s why you should watch it.

They’ll show you how four women owned businesses, in totally different industries,
have used online marketing to make more money and impact, fast.

We’re talking some pretty hefty pay days here. And get this…

[Read more…]

From a Dysfunctional Family? What’s Your Story?

I have always prided myself on being an open book. From the time I was a teenager, I was not inhibited in the least about broadcasting the goings-on in my family (to the horrors of my mother). As an adult, I continued to replay these tales. “My parents did this wrong”. “My parents did that wrong”. “My mother was a screamer and a drama queen.”  My father was a dreamer and a control freak.” No wonder I couldn’t achieve my highest goals, I was from a dysfunctional family and it was all my parents’ fault.

What a crock of bull! Even though I long ago grew beyond retelling these stories, I realize that they can still sit underneath the surface sabotaging us. It’s the stuff we tell ourselves when were scared, when were worried about covering the bills before the next payday, when we don’t know the answer to a problem or when we’re faced with opportunities but are frozen in fear to act. These stories we weave don’t serve us, they never really did.

[Read more…]

Chet Holmes has Leukemia

Chet Holmes is one of my favorite mentors. He wrote the book The Ultimate Sales Machine, which I highly recommend to anyone in business. I received an email yesterday from Mitch Russo, President of Business Breakthroughs International saying that Chet was just recently diagnosed with Leukemia. His white blood count was at 178,000 (normal is 4,000 to 11,000). The doctors, of course, want to start him on Chemo as soon as possible. Chet, known for his pig-headed determination, decided to use his mind and spirit and the collective power of the universe to turn this around. Using the Internet to take his message viral, he got thousands of people praying for him. That was on Sunday. By Monday, his blood count was normal. Is that not awesome?

[Read more…]

Top 10 Mistakes to Avoid on Your Website

In this day and age, anyone who is serious about their business needs to have a website. But your website can be so much more than just validation of your business existence. It can be a huge marketing tool. To illustrate that, I like to introduce you to our guest blogger Sandi Smith Leyva, who will share with you her “Top 10 Mistakes to Avoid on Your Website.”

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Twenty-four hours a day, seven days a week, and 365 days a year, your Web site is presenting your company’s image and message to prospective clients all over the world.  With this phenomenal reach, you want to make sure your best image and best message is coming across.

Perhaps your Web site is not generating the interest you’d like it to and you’d like to find out why.  Maybe you’re just getting started in your new business and know you need a Web site, but don’t know where to start.  Possibly your Web site is doing great, and you’d simply like to take it to the next level.

Whether creating a new site or updating your existing site, here are some common pitfalls to avoid.

1. UNPROFESSIONAL WRITING.

It’s easy to get so wrapped up in the Web design portion of a Web site and forget about the words that go on the pages.  Maybe the Web designer does the design but not the writing.  You might even find yourself writing the content at the last minute.

Good writing is far more important than bling, and great copy from a professional copywriter will get your phone ringing.

2. LOOKING LIKE ALL THE OTHER SITES OUT THERE.

Your business has something unique and different to offer its customers.  Is that evident on your Web site?  If not, you could be attracting the wrong type of customers, or worse, none at all.

When you hire a Webmaster, you’ll want to make sure that s/he will design your site for you and your customers and not for himself/herself.

Your Web site will shine when it emulates your company’s personality.

3. NOT MAXIMIZING THE EIGHT SECONDS YOU HAVE.

Web visitors – your potential prospects – will give you only eight seconds to wow them.  Do you have your best stuff at the top of your home page?  I mean the really good stuff, not just the stuff your mom is proud of!

You’ll want to capture the attention of potential customers using the item that brings out the best in you.   It might be a great tag line, a killer testimonial, a big award, a blue chip client list, or the like.

4. NO CREDIBILITY.

Can Web visitors check out your reputation on the Web?  You’ll want to make sure your Web site comes as close as possible to feeling like a warm, personal visit with you.  Do this by posting content that is designed to build your credibility.

As an example, this can include content that shows you have a track record of success:  testimonials, case studies of current clients, and a client list.

If you have been mentioned in the press, include a press page on your Web site that lists the newspapers, magazines, radio talk shows, and other places where you’ve been mentioned.

5. NO WAY TO CAPTURE INTERESTED LEADS.

People warm up slowly.  Your Web visitors might be interested in you but are not quite ready to call you or buy anything yet.

You’ll want a way to keep track of these warm leads who will be ready to buy a few months down the road when they’ve gotten to know you better.  There are several ways to gather leads from your Web site, depending on what you’re willing to offer them.

One method that is completely ineffective for capturing leads is to ask for information on your contact page. Just don’t do it!

6. NOT MARKETING YOUR SITE.

If you’ve spent all your money doing everything right, but you don’t market your site, you may not get any visitors.

You’ll need to spend at least a little time marketing your site through offline and online methods.  For example, add your Web-site name to the bottom of every email that you send.  You can do this automatically by modifying the signature file in your email software.

You may also want to delve into the more advanced fields of search engine marketing and optimization.

7. UNDER CONSTRUCTION.

Many people’s pet peeves is to click on a page and see an “Under Construction” message.  It’s inconsiderate of people’s time to lead them down a dead-end alley, plus your Web site screams the message, “This person can’t finish what they start.”  I’m sure that’s not the message you wish to send.

8. TOO MUCH BLING.

In the name of being cute, many Web sites display obnoxious moving parts, flashing signs, or vacuous videos.  Did you know most people hate that stuff?

Bling doesn’t impress clients, except in three cases:  kids’ sites, sites that sell luxury items, and entertainment sites.  If you have one of those sites, then you need bling.

Limited bling is OK, timeless style is better, and meaningful, benefits-filled content is best.

9. NONWORKING LINKS, TYPOS, OR OTHER MISTAKES.

A site filled with errors tells me that its owner probably makes a lot of mistakes when delivering services.  Even if the message is compelling, the red flag is there for people to see.  People’s intuition will tell them not to do business with you.  A quick and thorough testing of the site will avoid this pitfall.

10. NO GOALS.

A lot of people come to me saying, “I want a Web site.”  I ask them, “What do you want it to do?”  And they don’t really know.

It’s important to think about what you want your Web site to accomplish because that goal should be integral to the design of the site.  The best sites lead their visitors to a certain outcome that is beneficial for both themselves and their customers.

When you can overcome these ten common problems, your Web site can start to become a powerful and effective marketing tool for your business.

Sandi Smith Leyva is a marketing strategist who has helped people make money online. Her Web sites have paid back in as little as a week for some clients. A CPA/MBA, she has authored eight books, hundreds of articles, and several seminars and courses and gained her programming and project management skills in Fortune 500 IT departments. She brings a marketing focus to her Web site design clients and at the same time blends her business, programming, art, and writing backgrounds into the perfect combination of skills for Web site development.

Find out more about Sandi’s services and sign up for her free newsletter at http://www.sandismithdesign.com/

 

 

 

 

The Top Three Hiring Mistakes

By Guest Author Michael Mills

A carefully constructed  job description can be a powerful interviewing and employee development tool.Did you know that the average “bad hire” costs a company $60,000 in wasted compensation and training time! And that doesn’t include lost customers and upset prospects.  I’ve found that business owners repeatedly make the same mistakes in their hiring process – if they even have a hiring process.  Here are three key hiring mistakes:

1. Hiring Reactively. Almost all hiring mistakes stem from hiring in a crisis. Although it may seem like a waste of time to engage in a formal recruitment and hiring process, especially if you know someone who seems to fit the bill, hiring without a strategy almost always leads to frustration, disappointment and wasted expense.

Taking time to outline a job description, advertise the position and interview people and assess them based on their ability to fulfill on the position yields a much higher success rate. Although you may know someone who is smart or helpful, can he or she really contribute to your organization more productively than other candidates on the market?

2. Sugarcoating the Position. Often the first positions we hire others to fill are those we don’t like to do ourselves. Our dislike for the job may show during the interview process.

In the early days of my business, for example, I wanted to hire a telemarketer to make calls all day – something no one in my organization liked to do. When candidates came to interview, I explained that if they did a good job they could grow into other roles in the organization. In essence, I sugarcoated the position by focusing on the growth potential of the position and not the requirements of the job itself. In three years, I went through four employees in this position! When I stopped sugarcoating the position and started outlining it honestly, I began to attract the right people for the job. Believe it or not, some people actually like telemarketing.

3. Hiring “Professionals.” Another mistake business owners commonly make is to hire the “professional”, someone with years of experience in a role. A seasoned professional typically commands a high salary and may resist being trained in the processes you’ve worked hard to develop and fine tune. Instead, find a candidate with the right qualities and skills for the job and who is open to being trained and managed.

Surefire Steps to Hiring Success

Here are a few steps to help you maximize your investment in hiring, training and retaining top employees.

1. Outline a Growth Strategy. If you haven’t already done so, formulate a clear vision of where you’d like your company to “go”. Once you’ve done this, you can identify what people you need to make your vision a reality.

Next, Create an organizational chart of your future company and ask yourself; “When will I need to hire someone next and in what position?” Once you’ve answered that, ask yourself; “What do I need to have in place to hire that person?”

If it’s a salesperson, for example, you’ll need a job description and a set of systems to help the person do the job well – including systems for lead generation and sales conversion. In addition, you’ll want to have a clear idea of the initial salary offer and the maximum amount you can pay this person to support your profitability model. Identifying the maximum figure lets you know not only where the salary will top out but how to structure a raise and incentive plan for points along the way.

2. Develop Comprehensive Job Descriptions. How do you know whether a candidate will excel at the job? See how well the person measures up against an objective, detailed job description.

To create a job description, list the tasks that comprise the job, the objective of each task and what the employee will be accountable for producing. Then, turn the job description into an interviewing tool by also identifying the qualities, skills and experience a candidate would need to succeed in performing the tasks listed in the job description. As you interview each candidate, evaluate the interviewee according to this set of criteria.

3. Use the Job Description as a Training Checklist. Once you’ve hired the right candidate, don’t toss the job description! Instead, turn it into a training checklist to ensure that your new hire has an understanding of your company’s systems to excel at each and every task. Without a documented training process, employees typically retain about 18 percent of what you tell them. By turning the job description into a training checklist, you are setting up your new hire to meet or exceed your expectations.

At Business Design Corporation, Michael assists owners and managers in developing their business into one that can run smoothly, efficiently and reliably. Their tools and programs will help you build a process dependant business – one in which you are in control. If you would like more information on how to find and keep loyal employees who do what they’re expected to do because they understand what is expected of them, you can call them at (888) 522-2325 or find them on-line at http://www.businessdesigncorp.com/.

Want to finally get the freedom you started your business for in the first place? More here: http://tiny.cc/cohenconsulting

How to Kill Your Business in 4 Easy Steps

  1. Do everything yourself so you can save money
  2. Keep working In your business instead of On your business
  3. Ignore sales & marketing because you’re so busy paying your bills
  4. Too busy trying to get the product/service out the door to look at the numbers

When you’re an entrepreneur in the beginning, it is often necessary to wear many hats. But there comes a time when you are going to just keep spinning your wheels if you don’t delegate some of the functions in your business. Do you ever find yourself saying any of these things:

  • I need to focus on sales and marketing to grow my business, but the bookkeeping keeps me busy for hours
  • I hate doing the bookkeeping, but if I delegate it to someone else, I can’t be sure it’s being done right
  • I’m not sure what my payables or receivables are at any given moment
  • The only way I know how much money I have is to go online to my bank account
  • There’s no way I can do any financial forecasting because I am either way behind in my bookkeeping or not comfortable with the numbers
  • I can’t afford a full-time bookkeeper

Well, maybe you’re beyond that now. Maybe you have hired someone to do your bookkeeping …your admin person. How’s that working for you?

Do yourself a favor. Turn some of those bookkeeping and accounting responsibilities over to people you can trust to get the job done right. Leverage your admin/bookkeeper’s effort with guidance and supervision from the trained professionals at Cohen Consulting Group. Quit running your business from the seat of your pants. With timely and accurate reporting, you can make more informed decisions about your business.  And the time saving benefits will allow you to focus on what you do best.

Don’t wait. Contact us now for more information.

 

 

 

 

Your Questions, Your Money

In my view, the very best program on TV today for ANY business is Your Questions, Your Money on the Fox Business Network. It’s on Saturday mornings from 7:00am to 11:00am PT. Yes, I know, who has 4 hours to spend watching TV on a Saturday morning? The sad truth is that most of us do watch 4 hours or more of TV every evening, a lot of which is totally useless. But I digress.

The show features guest experts who address callers questions. The first two hours of the program general covers personal finances, investing, taxes, IRAs etc. The second two hours are dedicated to business; marketing, selling, growing, running, financing, inventing, you name it. I tape the show each week and watch parts of it through out the following week as time permits. I always pick up new ideas or insights.

You don’t get the Fox Business Network? Well, don’t despair. www.hulu.com shows one-hour episodes from the show. They don’t have all the shows but they have some great episodes. Go look at Saturday, December 5, 2009 with Gary Vaynercheck before they take it down. He’s awesome.

The world of business is changing rapidly. Your Questions, Your Money will keep you informed and inspired.

 

 

 

 

Rich, Happy & Hot-Sounds OK to me

Last week a few of my clients and I sat down to watch Tony Robbins interview Marie Forleo, a best-selling author, speaker, Nike Athlete & Master Trainer, dancer/choreographer.. Oh hell, let’s just cut to the chase, an incredible, diversely successful female entrepreneur known for being “Rich, Happy & Hot”. She has so much to teach all of us business owners (not just women entrepreneurs). One of the pearls I gleaned from her was that confidence is over-rated. In fact she flat out said “Get over wanting to feel confident.” She tells us to take an action and bypass the feeling of lack of confidence. So after months of knowing I needed to start a blog, here I am doing it.