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Is Your Business Likeable?

Tuesday, April 7th, 2015

Today’s consumers are demanding. They have the power to make or break your business over the smallest of details. You will likely only have one chance to get it right or else risk having your business fail.

Small business owners are constantly asking if they are making mistakes in their marketing or coming across as naive in the business world. Maybe it’s that or maybe it’s their products that aren’t popular. Maybe the lack of popularity can be blamed on the business owners themselves.

With the influence of social media, shoppers are able to access huge amounts of information on what is available to them, and you, as a small business owner, should be keeping track of the trends and using this to your advantage. It doesn’t matter what type of business you are running, you should still be able to access whatever “chatter” is available regarding your business. Your customers and possible customers can discuss between themselves what you, as a business owner, provide and how your behaviour aids in their decision to buy from you or go elsewhere.

There are several components to a likeable business and most revolve around your attitude.

Do you come across as sincere or is there a side to your personality that, though not obvious to you, is still a turn off to your customers? Nothing makes someone run away faster than a sleazy salesperson pitch. It makes buyers doubt your honesty and your product.

Do you actually listen to your customers? If your product or service isn’t exactly what they’re looking for, are you able to tweak it in order to make it more attractive to them? If not, do you have the confidence to suggest a competitor who you know can fill their request? This type of adaptability and helpfulness is very attractive to those who are looking for a business which they can purchase from long term.

Finally, do you keep it simple? If a product description or its specifications are too in depth or too difficult to understand and there is no one available to help the customer, they are likely to go elsewhere.

Today’s shoppers are looking for functional products and services, which are easy to understand and brought to them by a business owner who comes across as being just like them. They have appreciation for the business owner who can keep up with the increasing demands of the modern consumer because this shows that they are interested in their customers.

© Chris Draper, DemGen Inc. 2015

Categories : Customer Service, Small Business
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When Small Business Owners Retire

Tuesday, March 31st, 2015

retiring  Most business owners state they have no plans on retiring anytime soon, according to recent surveys. Though they may be close to retirement age or past, they still want to work at their businesses until at least 70.

While this may surprise many of us who work at a regular 9 to 5 job, for those who own their own business, this is exactly why they started working for themselves. They are their own boss, they decide what goes and how many hours they work. But they were also among the first to realize that retirement in their sixties wasn’t realistic. They didn’t want to rely on what money they had put away or be forced to depend upon a pension. Having a steady stream of income that they were responsible for was the only way to go.

But how does a small business owner plan for the day when they do finally retire?

Most small businesses that are run by a sole proprietor, usually from their homes, will not fund retirement, if sold. Paying into CPP may also not be an option that is worthwhile. As a small business owner, you are usually better off saving for retirement through a TFSA or an RRSP if you feel you will benefit from it. Many small business owners have a savings account with high interest that is used only for saving for that day when they will take down their shingle and finally stop working.

For many others, full time retirement is not an option, either because of financial need or due to the willingness to always be involved in something of interest and what is more fulfilling and interesting  than in your own business? We now know that maintaining our interests and occupying ourselves with useful hobbies and/or work is the secret to a healthy lifestyle as we age. The best choice is to semi-retire and at the same time, save for the time when we are no longer able or willing to keep working.

Business owners are used to compromising and this will be useful when it comes to your retirement plans. Don’t put all of your eggs in one basket and don’t rely on being able to work as long as you’d like to. Start streamlining your business and making plans to simplify it in order to keep it going as long as possible. Cut down on as many overhead expenses as you can and downsize as much as possible.

The cost of living is rising in Canada and as a small business owner, you have the tools to plan for your future, whether it be ultra comfortable or rather frugal. Lack of money shouldn’t mean you can’t enjoy your retirement years. There are resources available which are specifically aimed at small business owners such as The Canadian Small Business Owner’s Guide to Financial Independence.

© Chris Draper, DemGen Inc. 2015

image courtesy of theglobeandmail

Categories : Entrepreneurial Lifestyle, Small Business, Work/Life Balance
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The Truth About the Benefits of Project Management

Monday, March 30th, 2015
The Truth About the Benefits of Project Management

Categories : Productivity, Small Business
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How Much is too Much?

Tuesday, March 24th, 2015

too much  In their first enthusiasm of running a business, owners can be forgiven for getting carried away. Adrenalin is high, energy is endless and the future is bright. However, once they are in business for several years, well known and successful, there are several ways owners can still get in over their heads and over do a good thing.

Offering too many choices.

Wanting to please your customers is a natural desire but paying too much attention to your competitors can start a tendency to offer everything that they are offering in order to compete. There are advantages to offering less. Depending on your type of business, cost of overhead multiplies increasingly as you add more products. Simplify your management, cut your stock to the bare bones and concentrate on your most popular and most cost productive products. Studies have shown that consumers tend to buy more when there are fewer options available. The more choices they have, the more likely they are to get frustrated and not purchase at all.

Using social media inappropriately.

Social media can be your friend and a great tool for marketing your business, but only if you know how to use it.

For example, Ellen opens a Facebook account. She intends to access it only for her business, but besides her business contacts, her friends and relatives are also following her or listed as friends. Ellen, not terribly social media savvy, doesn’t realize she can set up her account with different lists and block certain people from seeing some posts or posting on her timeline.

Before long, her personal life and her business life are overlapping and her business contacts have more personal information about her than they really should. She is putting her business at risk by allowing others to know more about her life than is acceptable and not putting the focus on her business only. Ellen also hasn’t taken into consideration the threat of identity theft or realized that total strangers may be able to find out where she and her family live and what they do in their personal time. If you use social media for marketing your business, learn more about the tools available and take advantage of all of the security settings.

Too much communication.

As with social media, business owners spend a lot of their time spreading the word on what their business can offer that others don’t or can’t. In the midst of this, especially when offering anything new, business owners need to be careful that they don’t inadvertently give their competitors too much information.

In another vein, spending too much time communicating via email or phone can take time away from more profitable tasks. Knowing how much is necessary and how much is a distraction or an avoidance technique will tell you how well balanced your business is. Unnecessary communication can be used as an excuse to cover up how little is really being accomplished. There is also the risk of miscommunication and revealing something in error that can jeopardize your business.

Remember to use any marketing or business tools to the best of your ability. Overuse or misuse can result in less success for your small business.

© Chris Draper, DemGen Inc. 2015

image courtesy of crystalmedia

Categories : Business Tools, Marketing, Small Business
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The Only 10 Slides You Need in a Pitch

Friday, March 20th, 2015
The Only 10 Slides You Need in a Pitch

by julielynnf.

Categories : Marketing, Sales, Small Business
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The Art of Making a Difference

Wednesday, March 18th, 2015

difference No matter how a business owner feels about their business, their business will make a difference or impact, both to themselves, their customers and others in their community. Their strengths and weaknesses affect how they interact with others, and the responses to the services they offer will in turn affect how a business owner responds.

There are three different ways in which your business can make a difference.

Sharing of talent, genius abilities and knowledge.

Don’t be afraid to share what you know, your talents and your genius abilities. Volunteer at college opening days and describe to students how their careers can make a difference. Offer advice on their career plans or paths or mentor new business owners.

Help your community by organizing fundraisers which help worthy causes. Not only is this free advertising for your business but it helps make others aware that you care about the community in which you live.

Your intentions and how they affect your customers.

View your business by looking at it from your customer’s perspective. Your principles will make a huge difference in how they view your products. Does your business make it obvious to others what you stand for and what you identify with? Does it show commitment to others and that you don’t compromise on quality? Do you have a way to apply your intentions to your business?

Self-growth.

Business interactions can also make you more aware of how social conditioning has caused you to behave in a certain way and once you are aware of this, you can begin to pay more attention to what you do and what you say. Business interactions actually motivate business owners to take a deeper look at how their business fits into the community. They realize they they too can still be inspired by others and that learning is a lifelong skill.

Character is what you have when no one is looking. Be true to yourself and run your business with the highest of ethics. Realize that in order to care of your business and therefore others, you first have to take care of yourself to the best of your ability.

Don’t get so wrapped up in your own business that you become passive to what is going on around you. You can’t change things when you aren’t moving. Taking the safe road isn’t necessarily the best choice. Challenging yourself is a major part of owning your own business and making a difference in your own life. Ask yourself why you’re running a business and why THIS business? Some call this your purpose but there doesn’t need to be a purpose for everything. Sometimes you just do things because they make you happy. What observations are you able to make about yourself? What problems do you want to solve and how can you be the best at solving them?

By making a difference with your business, you become more intuitive and get to know yourself better. What time of time do you do your best work? What types of personalities do you feel most comfortable working with? What are your most interesting characteristics?

In the end, it is your relationship with your business that will result in the outcome that you are working toward. Realizing that the work you do for yourself actually has a huge impact on those around you can make you become more involved with your community, which helps build a successful business.

“If your presence doesn’t make an impact, your absence won’t make a difference.”
~Trey Smith

© Chris Draper, DemGen Inc. 2015

image courtesy of thewaterproject

Categories : Entrepreneurial Lifestyle, Small Business
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Growth Hacking Strategies

Friday, March 13th, 2015
Growth Hacking Strategies

by borisbenko.

Categories : Lead Generation, Marketing
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Do You Read Your Customers?

Tuesday, March 10th, 2015

mindreader  As a business owner, the ability to anticipate the present and future needs and desires of your customers, is one that will ensure your business will grow over time.

Each business owner has their own strategy to help create loyalty in their customers and this strategy is built upon knowing in advance what their customers want from them. They do this by getting to know them in depth, which helps them to anticipate future needs and deliver what is expected of them.

Building strong relationships is a skill that you can utilize in all walks of your life but one which is especially important in your business dealings. Figuring out what motivates your customers to buy and the type of business they like to deal with, can be a little more difficult. Each customer is different and though they may be looking for the same type of product or service, it’s the details that will count when it comes to an actual purchase.

Customers like to be well informed and will compare the feature of your offers to others which are available. Make sure that you showcase what is special about your products and pay attention to what your competitors offer and at what price. Stress quality and act as your own specifications specialist, listing everything that makes your product stand out above the others. Potential customers tends to be those that will need the most help and the more you get to know them, the higher the chance is that they will also turn into long term customers.

The easier it is for your customer to buy, the more customers you will attract. Case in point is a website where they have to jump through hoops to purchase. Your customer will quickly give up and go elsewhere. Another important point: make contacting you a simple process. Phone numbers, email addresses, social media contact; anything that you can give them, will help customers to trust you more. Lack of contact information is always questionable.

Remember that you are a buyer too. What do you look for when purchasing? Put yourself in their place. Take a good look at what you are offering and ask yourself if you would buy from your company. If the answer isn’t a resounding yes, what is missing? Look at the companies you prefer to buy from. What do they offer that keep you going back to them? Do you use your own products or services? If you do, looking at them from a customer’s viewpoint, what would you like to see improved or changed?

A business owner who is accommodating and understanding, who listens to their customers, is one who, to other business owners, appears to read the minds of their customers. A business owner who actually comes right out and tells their customers how important they are, is one who actually does read their minds.

© Chris Draper, DemGen Inc. 2015

Categories : Customer Service, Small Business
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7 Ways to Grow Your Business

Friday, March 6th, 2015

Whether your business is big or small, here are 7 ways you can start growing your business.

Contact us today to learn more!

7 Ways to Grow a Business

Categories : Lead Generation, Marketing, Small Business
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The Loss of Soft Skills

Tuesday, March 3rd, 2015

soft skills  Not many will argue with the statement that our economy is primarily knowledge based. Nor will they argue with the fact that technology is a huge help when it comes to marketing, networking and sales.

It adds to our ability to communicate and collaborate with fellow employees worldwide and has enhanced our introduction to foreign countries and other ways of life that up until this time, we were unfamiliar with.

However, amid all of these added benefits are a great number of losses, skills that, even in today’s way of life, are extremely important both for social and business reasons. These are our soft skills: our people skills or emotional intelligence. While experience, expertise and knowledge are always needed in any position, a lack of soft skills can be the deciding factor in whether or not you succeed.
How often do you notice the following in employees while shopping or speaking on the phone? They are constantly “overwhelmed”, lack manners, they are impatient and awkward while carrying on a conversation. Many have the inability to communicate face to face and avoid eye contact. They prefer to communicate through text or social media.

One of the most valuable skills we can have is the ability to relate to others in a positive manner. The more we confine our communications to text or the internet, the more we lose the ability to “read” other people, to have an actual one on one conversation with them and because of this, we also lose the ability to help our customers to the extent that we should be helping them.

The lack of patience and confidence, the obvious frustration and lack of self esteem that is occurring more often; the unreliable employees who can’t be depended on and their unmotivated behaviour, can quite often be traced back to the overuse of technology and the underuse of their actual human skills, those where they communicate with others face to face or through speech and exchange ideas. This used to be called a conversation.

Integrity used to be based upon reliability of one’s word, their professionalism, positive attitude and work ethic. While these haven’t disappeared, they are much more difficult to see when we let our social skills lag. The ability to adapt, the willingness to teach and mentor; these are all basic human skills that have been in existence for thousands of years. Allowing technology to do our communicating for us is a step backward, not forward.

Success in all businesses, whether small or large, will depend on your ability to listen and empathize, to be enthusiastic and confident. Try to be aware of what is happening outside of your own small business by sharing ideas and your thoughts through actual conversation. Don’t let your soft skills wither and disappear. The quality of your life will improve through using them.

© Chris Draper, DemGen Inc. 2015

image courtesy of educationalservice

Categories : Customer Service, Small Business
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