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Archive for the ‘Planning’ Category

Taking Action Leads to Success

One of the most satisfying things about coaching business owners is when a client really begins to make strides in achieving their goals. I recently read a small, self-published book titled This vs. That by Bronwyn Bowery-Ireland that contained a chapter that illuminated the real conflict most of us have in moving toward our goals.

The author uses contrasting pairs of words to illustrate her point in each chapter, and chapter 4 is called Action vs. Delay. Interesting, I thought. One usually compares action with inaction or delay with speed.

There are a lot of people with good ideas and plans, but very few of us actually take action. When we take action all kinds of things begin to happen. Here are some examples:

  • Schedule sales meetings and Sales increase
  • Ask clients for referrals and business increases
  • Action leads to more action

The list goes on. But Action can also leads to opportunities that we never imagined. Let me give you an example.

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Rich & Lisa Hanson are successful music teachers and own Lakeview Music. Rich teaches guitar and Lisa is a vocal teacher. They are also worship leaders and have a band, Search No More.

Their goals included increasing the profitability of the teaching business and marketing their ability to provide substitute worship leading to area churches to cover regular staff’s vacations.

At one of our coaching sessions we were talking about their desire to lead worship at churches and retreats and also find more places for the band to perform. As we talked, it became apparent that they needed professional recordings to help promote their worship leading and band.

As we discussed the process of putting together a recorded sample of their music, Rich informed me that they already had ten original songs written that they had been performing live for years.

I said, “Great, now all we need to do is record them and produce a CD.”

Next, Rich confessed, “Five years ago I purchased a multi-track digital recorder, but have not recorded any of our music yet.”

The next step was clear, Rich needed to take some action and record something. I asked Rich if in the next two weeks he could record 30 seconds of one song and the recording must include at least 3 tracks. Each track is an instrument or vocals. Rich agreed to do this. Two weeks later Rich showed up with a 30 second recording that included five tracks. This action lead to more action.

By taking regular steps forward from that point, in about a year, Rich & Lisa produced a professional CD that has the potential for radio play, marketing songs to nationally recognized musicians and supporting the marketing of his business. Check out the results at: http://www.searchnomoreband.com

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Moving beyond Delay and taking action has resulted in: excitement in his current students and their parents; credibility with potential students; increased visibility, reputation and income from church venues. 

This was what we expected from producing a CD.  But his action has led to more opportunities than we never dreamed of for Rich. 

In July the bass player in his band recommended Rich to the president of Trinity Lutheran College in Everett, WA for the Guitar and Modern Worship Professorship.  The president contacted Rich and when they met Rich was able to give him a CD.  A few weeks later they hired Rich as a Professor! 

Taking action will open all kinds of doors, sometimes ones that you never dreamed of.

Are you stuck in delay? Take some action next week and see what doors it opens for you.

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Are You Listening?

In February I was able to visit my brother Bill in Corona, California. During the visit we talked about his contracting business, Landmark Site Contractors.

Bill and a partner started the business in 1996 as a paving company. By 2001, they had purchased two paving machines and had about 28 full-time employees on the payroll. They also had a smaller concrete crew they kept busy with curb and gutter work and the occasional flatwork, and also employed one grading crew.

Their favorite jobs were “turn key” projects; ones in which they take a project from the ground, or in this case, underground, up. With their particular mix of employees and equipment, these jobs proved the most profitable. However, they accepted many other assignments where final paving was the only portion of the contract they got.

As an example of the type of jobs they were doing in 2001, two projects demonstrate their versatility.

  • In Coachella, they placed concrete flatwork on a project involving three schools,
  • In Victorville, it was 100,000 sq. ft. of asphalt in a residential tract.
  • They also placed 4,500 lineal feet of curb and gutter, and sidewalks as well. On the paving portion, they used 1,500 tons of asphalt over a 12-inch, class 2 base. After final construction of the housing tract, they overlaid the final 1-inch layer of asphalt as a finish coat to bring streets to final grade.

But around 2006 things begin to change, jobs were harder to get. At bid openings, where there used to be five or ten contractors bidding a job, there were now 20 to 30. When there are that may contractors bidding on one job, someone is bidding low and not making any money.

Bill didn’t want to work for free, so he began looking around for different types of work. What he found was park construction. He had been doing jobs with underground work (power, water, drainage and sewer), grading, cement work, asphalt and planters. A park has all of the same components, but instead of lots of asphalt with a few planters it is a lot of grass or sports fields with parking lots around them. The best part about the parks is there were not a lot of contractors bidding on the work.

From 2006 to today Bill has been building parks.

I have never heard Bill complain about the state of the industry or the economy. He has always been watching and listening to what was happening in the world around him.

  • In 1996 there was a place for a small niche Asphalt paving contractor and he filled it.
  • In 2006 that niche was disappearing so he began looking for his next niche. What he found was park construction.
  • Now in 2011 the work on parks is slowing down and Bill is already looking for his next niche.

This story illustrates how successful businesses need to always be aware of change and be proactive in response to new opportunities. Take a fresh look at your industry. How can you position your business to ride out change and prosper in a changing world.

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The Power of a Marketing Plan

the_power_of_a_marketing_plan_1I recently taught a Guerrilla Marketing Jumpstart Class in Duvall, WA.  The Duvall Chamber of Commerce is committed to the success of the businesses in Duvall and put the class together and brought me in to teach it.

 

The attendees of the class all left with a marketing plan and calendar.  The Guerrilla Marketing plan is less than one page.  The plan is one paragraph made up of seven sentences.  Each of the sentences answers the following questions. 

 

1.      What is the purpose of your marketing?

2.      What are the benefits of your products or services?

3.      Who is your target audience?

4.      What is your Niche?

5.      What weapons will you be using in your marketing attack?

6.      What do you want your identity to be?

7.      What is your marketing budget?

 

If you thinking this is too short and simple to be an effective marketing plan, think again. It never ceases to amaze me the impact producing this marketing plan can have on a business and its marketing efforts. The act of putting a plan in writing will bring clarity, purpose and direction to your business and marketing efforts.

 

One of the attendees in the class was Susan from the Northwest Art Center. The Northwest Art Center provides art classes and mentoring programs for preschoolers through adults.

 

After attending the class and writing her marketing plan and calendar Susan sent me the following note:

“The Guerilla Marketing class really helped me to focus on the benefits of our organization and to define our niche. That list of marketing weapons is awesome. We created our own document by refining some of the suggestions, adding our own and deleting the ones that don’t apply. Then we divided them up amongst our board and are still farming some out to volunteers. My assistant and I have blocked out an appointment a week, specifically to talk about marketing.”

the_power_of_a_marketing_plan_2As you can see the creating the marketing plan provided clarity and direction for the Northwest Art Center. It took the big endeavor called “ Marketing” and broke it down into specific smaller tasks that can be more easily executed or delegated. Taking the time and energy required to build a marketing plan for your business will make your marketing efforts more focused and effective – which ultimately makes your business more profitable.

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Entrepreneurs: How do You Empower Your Employees?


Business Team “The vision is really about empowering workers, giving them all the information about what’s going on so they can do a lot more than they’ve done in the past.”

Bill Gates, Co-Founder of Microsoft

Business owner often lament about how much time they spend working in their business and wondering how they can find more time for their family and friends or just to take a vacation away from their day-to-day business worries. Have you ever thought about empowering your employees so you don’t have to be the “answer man” in your organization?

What’s empowering? Webster’s New World Dictionary defines empower as

  • “to give power or authority to; authorize “
  • “ to give ability to; enable; permit.”

  • So why is empowering your employees important? Timothy Ferriss, author of “The 4 – Hour Workweek” said it best in his book; “If you are a micromanaging entrepreneur, realize that even if you can do something better than the rest of the world, it doesn’t mean that’s what you should be doing if it’s part of the minutiae.” Business owners who are interested in growing their business can become stagnated or develop growth plateaus, not to mention the 50 to 70 hours each week they are working to keep the business viable when they are the focal for solving any issues that may arise during a business day. By enabling, permitting or authorizing employees to solve problems that are normally solved by the business owner you free yourself to work on the business and not in it.

    How do you empower your employees to act in your best interest? Here are several ways to ensure employees understand your philosophy about how to run your business, maintain the spirit of the company mission and ensure financial viability.

    • Share your mission, vision and values with your employees
    • Maintain an employee handbook (aka Policies and Procedures Manual)
    • Improve your communication skills
    • Learn motivational factors
    • Acknowledge people’s intelligence
    • Catch people doing things right
    • Be honest with everyone
    • Establish conflict resolution procedures
    • Educate on responsibilities and accountability

    Here is an example of empowering employees.

    Timothy Ferris demonstrated empowerment when he wrote to his outside vendor customer service representatives in an e-mail, after he realized he was becoming overwhelmed with requests for decisions to satisfy customer concerns and requirements as his business grew.

    Hi All,

    I would like to establish a new policy for my account that overrides all others.

    Keep the customer happy. If it is a problem that takes less than $100 to fix, use your judgment and fix it yourself.

    This is official written permission and a request to fix all problems that cost under $100 without contacting me. I am no longer your customer; my customers are your customers. Don’t ask me for permission. Do what you think is right, and we’ll make adjustments as we go along.

    Thank You

    Tim”

    After the e-mail was sent, his e-mails requesting decisions went from 200 each day to 20 each week and customer returns reduced to 3% when the industry average is between 10 – 15%.

    If that is not the epitome of empowering the people that work for you, I don’t know what is.

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A Living Five Year Plan

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I recently heard of a businessman who took two years and created a five year business plan for a business that he hoped to open. Financing was arranged and suppliers were secured, in a large part because the plan was so well thought out and researched.
The five year plan was right on the mark, amazingly the projected numbers and financial results were almost identical. I wish I could say that they all lived happily ever after.

What went wrong were years six, seven and eight. There was a feeling that having been successful in years one through five somehow guaranteed future successes, the business was operating on auto pilot, just keep repeating what had been done. Autopilot assumes that there is a course or route mapped out and by making small course corrections periodically the destination will be reached in the end. But what if the destination is not planned? It is like planning a trip from New York to Chicago, every turn, eatery, hotel defined and reserved. Upon arriving, remember that the true destination is Los Angeles, then setting out without map, GPS or plan.

The five year plan was a great start, best that I have seen as a professional business coach. The plan would have been complete had it been a living plan. A living plan is one that has no expiration date, as one year is lived another is added on the far end keeping the ultimate destination in view. In this case, when year number one was close to completion a year six would have been planned. Each year as the results are reviewed, adjustments to the five year plan are made, always keeping a five year perspective. Adjustments can take into consideration changes in the market, competition, technology, pricing, economy, but ultimately adding a new last year to the plan.

Make planning a part of your routine, and compare results with the plan, by doing so you can objectively critique both the planning and the actions that produced the results. Most important, make sure your five year plan still has at least five future years.

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I would highly recommend this class as well as working with Bob and Jeanine. Sound Business Development is really there to help the small business to become successful.

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