Monday, February 13, 2012


Did You Get Your FUD Shot!
In my travels and conversations with business owners from the east coast to the west and many places in between, I'm becoming optimistic about the future business climate. The great recession was declared done in 2009 and while many parts of the country are still trying to dig out of what resembles an ice age snow storm, business owners are speaking positivity about the future. Back to a FUD shot, it is an acronym attributed to IBM for an illness called "Fear, Uncertainty, and Doubt."

For all I know, the end of the world as we know it could be 12-12-12 or some other pivotal event, regardless, what if it doesn't happen?   Stepping outside the FUD and following your business plan is one way to capture market share while others are not paying attention. If you get this disease, realize that it will last for awhile but you can fight it - it just takes persistence and often less TV news watching. 

Not paying attention to your metrics can lead to FUD and you may miss the important opportunity.  If you haven't seen the basketball video by Daniel Simons that helps you analyze your attention to what is suggested, check it out: Basketball  Make sure your attention is focused on what matters in your life.
-- 
Linda Lucas Fayerweather
www.ChangingLanes.biz 
419-897-0528
linda@changinglanes.biz
Consider working with a coach or a MasterMind Team to make 2012 the year of your dreams!
   



THRIVE! Workshop to Build the Business of Your Dreams. . . Details below



Be SMART
You may have heard the acronym before, but it is well worth mentioning again, S.M.A.R.T. goals. Setting goals the SMART way will help make your goals easier to obtain and help your staff get on the same page for the year ahead. Here is the breakdown of the SMART goal system.

S - Specific - Your goals should be able to answer the 5 "W" questions; who, what, where, why, which
M - Measurable - If your goal is not measurable, how will you know if you staff is making progress? Set target dates and create spreadsheets. This will keep the motivation high when your staff can see their success in progress.
A - Attainable - Be realistic. It is nice to set the bar high, but too high only sets your staff up for failure. This part should answer the "How do we get there" question.
R - Relevant - Make sure to choose the goals that are relevant. Are these goals worth your staff and company time?
T - Timely - Give your goals a time frame, 6 months, 6 weeks or the entire year, make it clear what your target date is and stick to it.
Remember to evaluate your goals often and make sure you are on target for completion. Check out our article at:  SMART
-- 
Tiffiny Fayerweather
   



It Doesn't Hurt to say "No"
Back when I first started out my professional career as a web designer, I would take on every and any web or media based job I could get my hands on. My list of services was a mile long. I did everything from web design to video work. I was the jack of all trades and the master of none. After about two years of this it became apparent to me that I couldn't keep up with the ever changing web languages, be proficient, feel comfortable providing services that weren't mediocre, and have a life. It was time to focus on a few languages and services.

I cut down my services to only a handful that I'm really good at. Focused on them and what I needed to provide them. I am now a master of a few trades. My business has a focus and a niche in the market. My rates dictate that and so does the quality of work you will receive from my business. My clients and potential clients know exactly what my business provides. It was one of the best and most important things I could have done for my business. But it wasn't easy.

Money is tempting, especially if you are just starting out and every penny counts or if you just like money (which who doesn't). One of the hardest days for me that tested my business integrity was the day a potential client asked me to do a service my business no longer offered. It was something I could do and it would have been a good pay day. I told the potential client I couldn't help them. I pointed them to a few businesses that could.

At first it was hard knowing that I just let a bunch of money walk away from me. But deep down I knew that I wouldn't have been able to provide the best service and I would have spent way to much time on the project because of it.

Now I have no problem passing up business even if I provide the service. There are various reasons. Here are a few.
  • The project or service a potential client wants done is beyond what I can do or I'm capable of doing it but I don't offer that service.
  • The potential client has unrealistic expectations for the project and I'm not able to educate them so they will understand a realistic expectation. Such as a web site will automatically generate business for them.
  • After talking to a potential client it becomes clear they want more than they are willing to pay for.
  • After talking to a potential client it becomes clear they are too demanding. There will always be some sort of aspect of the project that they will complain about. It means they won't be happy with my business. It can be have a negative impact that can cause all sorts of problems. At minimum I would lose time and maybe have to refund money. Or even worse, the client could say negative things about my business.
  • If I took on the job that I don't normally do and failed to produce quality results, I'm responsible for that. At minimum I would lose time and have to refund money. Worse than that the client could say negative things about my business or they could sue me.
I would rather not do the work, point the potential client to a business that can and have them be happy that I did because that business was able to fulfill their needs. If I don't know of any businesses that can help, I don't point them to any business, I just tell them sorry, I don't know of any. Instead of creating a headache for myself and some one who thinks negative of my business.

Take the time to think about what services you offer.
  • Are you actually providing the service to the best of your or your business's abilities?
  • Are there services that your business provides that causes headaches each and every time. Can you improve on that service so it doesn't?
  • Are there any services that you can cut out so you can focus your business and create a better niche market?
If you know exactly what your business does and how it does it. It is easy to convey that message to the world. Its easier for people to understand your business. Which will make it easier to get business.
--  
Jeff Mendelsohn
Liquid Mechanix Studio, LLC
419.297.3364
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