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  • Answer Upon - If You're Serious About Your Business - M.A.P. it Out!

    Tell Them About It
    Business is something that people spend a lot of time and money trying to figure out. As consumers, we spend thousands of dollars every year on all kinds of things we take for granted, and rarely consider the level of effort and planning it takes to keep business moving forward.Watching advertisements on television with repetitive messages for the latest model of automobiles, video games, prescription drugs, restaurants, and all manner of other products that scream for our attention, it is easy to forget how much it costs these companies to reach a mass audience. The television media is
    reach more of you? I spent time thinking about the Words to the Wise ezine, our website, developing speaking engagements, writing articles for other magazines, reaching out to individual colleagues who work with small businesses, etc., . . . and voila! - there's my outline of strategies for new marketing. Then I considered the tactics: what I could do, who I could reach, and when (deadline) I could take each concrete step to move each strategy forward. By doing so, I knew what was on my plate each week - and didn't overwhelm myself by unrealistically expecting everything to be "new and improved" by . . . tomorrow. It also gave me an opportunity to celebrate each small action that I took, instead of de
    The Details Dance: A Simple Three-Step for Event Planners Wanting to get Online Registration Right
    A couple of weeks ago I attended an event planners Christmas function. The turnout was decent, there was no shortage of skewered prawns or celebratory cocktails and a good amount of effort had gone into the costumes worn by circulating serving staff.A few minutes into it however, I noticed one lady propped on a bar stool, looking tired and unimpressed. An ex-planner, with a career lifetime in the industry, she commented "They always get it wrong with the music at the beginning of these things". She was right. The funk band on stage was a class act, but the evening's organizers had given n
    When I'm traveling to someplace new, I like to get directions beforehand. Sure there's something to be said for the proverbial "scenic routes" and "roads less traveled," but, as Yogi Berra noted, "You've got to be very careful if you don't know where you're going, because you might not get there."

    A business plan serves a similar purpose. It's like MapQuest®, except that you choose both the destination and the route you want to take. And, like MapQuest®, it needn't be overly detailed, drawn in pretty colors, or able to fit in your pocket; it just needs to give you a good sense of where you're going and how you intend to get there. If you're serious about starting or growing your business, M.A.P. out your route by following these three steps:

    Make a Master Plan. One of the benefits of a written plan is that it forces you to think carefully and with focus about what you are providing, how, to whom and, significantly, why you want to do this. What is the vision in your mind's eye for who you can help and how they will benefit? To build a successful business, it helps to answer the following questions, among others (which you would do in your Master Plan):

    -Who will buy your product/service?
    -How will you distribute your product or deliver your services?
    -What is the size, maturity, and competitive nature of your industry?
    -Who is your competition and what makes your products/services better?
    -What is the importance of location to your business?
    -What is your current and/or anticipated organizational structure?
    -Who are the principals of the business (i.e., age, education, industry experience)?
    -What are your personnel needs over the next three years?
    -Can you calculate the cost and profit of each product/service (this helps you know what to charge)?

    Your answers needn't fill encyclopedia volumes, but it helps to have some thoughts jotted down so that you're clear in your own mind. With this information under your belt, you can confidently walk into any networking meeting and explain why customers should be attracted to your product or service.

    Add in Strategies and Tactics. Your Master Plan is great for giving you overall direction on how and where you want to go, but without a sense of how it will be implemented, it might as well sit on the shelf. The key, which I re-learned in my weekend work, is to break things down into manageable parts. Whether it's creating a list of tasks, a timeline, or a combination of the two (not everything HAS to be done at once!), all great achievements begin with a single step. So what are the steps you need to take to reach your goals? For mine, it meant re-examining my marketing: yes, the target market (you!) remained the same, but what's the best way to reach more of you? I spent time thinking about the Words to the Wise ezine, our website, developing speaking engagements, writing articles for other magazines, reaching out to individual colleagues who work with small businesses, etc., . . . and voila! - there's my outline of strategies for new marketing. Then I considered the tactics: what I could do, who I could reach, and when (deadline) I could take each concrete step to move each strategy forward. By doing so, I knew what was on my plate each week - and didn't overwhelm myself by unrealistically expecting everything to be "new and improved" by . . . tomorrow. It also gave me an opportunity to celebrate each small action that I took, instead of dee

    Opening a Dollar Store - Watch Out for Store Traffic Changes!
    Are you opening a dollar store? If so always remember that it is quite easy for those who are very close to a business to lose sight of exactly what is happening with that business. It is very easy for a business to get out of control and for unexpected consequences to result.Make it a practice to routinely examine the different components of your business. For example examining traffic and surrounding area demographics on a routine basis is important after opening a dollar store.Have there been significant changes in traffic flow into the store, flows on main streets and into the
    by following these three steps:

    Make a Master Plan. One of the benefits of a written plan is that it forces you to think carefully and with focus about what you are providing, how, to whom and, significantly, why you want to do this. What is the vision in your mind's eye for who you can help and how they will benefit? To build a successful business, it helps to answer the following questions, among others (which you would do in your Master Plan):

    -Who will buy your product/service?
    -How will you distribute your product or deliver your services?
    -What is the size, maturity, and competitive nature of your industry?
    -Who is your competition and what makes your products/services better?
    -What is the importance of location to your business?
    -What is your current and/or anticipated organizational structure?
    -Who are the principals of the business (i.e., age, education, industry experience)?
    -What are your personnel needs over the next three years?
    -Can you calculate the cost and profit of each product/service (this helps you know what to charge)?

    Your answers needn't fill encyclopedia volumes, but it helps to have some thoughts jotted down so that you're clear in your own mind. With this information under your belt, you can confidently walk into any networking meeting and explain why customers should be attracted to your product or service.

    Add in Strategies and Tactics. Your Master Plan is great for giving you overall direction on how and where you want to go, but without a sense of how it will be implemented, it might as well sit on the shelf. The key, which I re-learned in my weekend work, is to break things down into manageable parts. Whether it's creating a list of tasks, a timeline, or a combination of the two (not everything HAS to be done at once!), all great achievements begin with a single step. So what are the steps you need to take to reach your goals? For mine, it meant re-examining my marketing: yes, the target market (you!) remained the same, but what's the best way to reach more of you? I spent time thinking about the Words to the Wise ezine, our website, developing speaking engagements, writing articles for other magazines, reaching out to individual colleagues who work with small businesses, etc., . . . and voila! - there's my outline of strategies for new marketing. Then I considered the tactics: what I could do, who I could reach, and when (deadline) I could take each concrete step to move each strategy forward. By doing so, I knew what was on my plate each week - and didn't overwhelm myself by unrealistically expecting everything to be "new and improved" by . . . tomorrow. It also gave me an opportunity to celebrate each small action that I took, instead of de

    Machine Shops
    Machine shops are places where engineers or mechanics design and fabricate finished parts from metals, and repair machines of various types. The machines may be domestic appliances, bicycles, complicated four-wheelers or even airplanes. The job may involve repairing a malfunctioning part or replacing a non-functional part with a new one. Repairing a malfunctioning part may require many technical or mechanical operations to put it back into working condition. The mechanical operations can include grinding, welding, cutting, and turning to bring it back to its operational shape. Some operations ma
    t makes your products/services better?
    -What is the importance of location to your business?
    -What is your current and/or anticipated organizational structure?
    -Who are the principals of the business (i.e., age, education, industry experience)?
    -What are your personnel needs over the next three years?
    -Can you calculate the cost and profit of each product/service (this helps you know what to charge)?

    Your answers needn't fill encyclopedia volumes, but it helps to have some thoughts jotted down so that you're clear in your own mind. With this information under your belt, you can confidently walk into any networking meeting and explain why customers should be attracted to your product or service.

    Add in Strategies and Tactics. Your Master Plan is great for giving you overall direction on how and where you want to go, but without a sense of how it will be implemented, it might as well sit on the shelf. The key, which I re-learned in my weekend work, is to break things down into manageable parts. Whether it's creating a list of tasks, a timeline, or a combination of the two (not everything HAS to be done at once!), all great achievements begin with a single step. So what are the steps you need to take to reach your goals? For mine, it meant re-examining my marketing: yes, the target market (you!) remained the same, but what's the best way to reach more of you? I spent time thinking about the Words to the Wise ezine, our website, developing speaking engagements, writing articles for other magazines, reaching out to individual colleagues who work with small businesses, etc., . . . and voila! - there's my outline of strategies for new marketing. Then I considered the tactics: what I could do, who I could reach, and when (deadline) I could take each concrete step to move each strategy forward. By doing so, I knew what was on my plate each week - and didn't overwhelm myself by unrealistically expecting everything to be "new and improved" by . . . tomorrow. It also gave me an opportunity to celebrate each small action that I took, instead of de

    The Factoring Company - How They Help Grow your Business
    Do you have clients that take up to 60 days to pay their invoices? If you do, you know how tough that can be on new and growing companies. Waiting to get paid for your slow paying invoices can wreck complete havoc on your company’s finances.Most business owners try to address this issue by going to a bank to try and get a business loan. However, banks are notoriously conservative and getting a business loan can be very difficult. This is where a factoring company can help you.Factoring companies eliminate the 60 day wait and get your invoices paid in as little as 2
    d be attracted to your product or service.

    Add in Strategies and Tactics. Your Master Plan is great for giving you overall direction on how and where you want to go, but without a sense of how it will be implemented, it might as well sit on the shelf. The key, which I re-learned in my weekend work, is to break things down into manageable parts. Whether it's creating a list of tasks, a timeline, or a combination of the two (not everything HAS to be done at once!), all great achievements begin with a single step. So what are the steps you need to take to reach your goals? For mine, it meant re-examining my marketing: yes, the target market (you!) remained the same, but what's the best way to reach more of you? I spent time thinking about the Words to the Wise ezine, our website, developing speaking engagements, writing articles for other magazines, reaching out to individual colleagues who work with small businesses, etc., . . . and voila! - there's my outline of strategies for new marketing. Then I considered the tactics: what I could do, who I could reach, and when (deadline) I could take each concrete step to move each strategy forward. By doing so, I knew what was on my plate each week - and didn't overwhelm myself by unrealistically expecting everything to be "new and improved" by . . . tomorrow. It also gave me an opportunity to celebrate each small action that I took, instead of de

    Holding a Conference? 10 Tips on Making Your Conference A Success
    When you are in charge of a conference, you have an enormous amount of responsibility. It is important that your conference not only is a success from a business standpoint, but also that your participants enjoy themselves and feel that it was worth their time. Here are ten tips which will help ensure a successful conference.1. Plan early. You should set a date and place for large conferences a year in advance. Reserve blocks of hotel rooms for those traveling from out of town. Give participants plenty of time to make travel plans. The earlier you start planning, the easier things will be
    reach more of you? I spent time thinking about the Words to the Wise ezine, our website, developing speaking engagements, writing articles for other magazines, reaching out to individual colleagues who work with small businesses, etc., . . . and voila! - there's my outline of strategies for new marketing. Then I considered the tactics: what I could do, who I could reach, and when (deadline) I could take each concrete step to move each strategy forward. By doing so, I knew what was on my plate each week - and didn't overwhelm myself by unrealistically expecting everything to be "new and improved" by . . . tomorrow. It also gave me an opportunity to celebrate each small action that I took, instead of deeming success as only reaching the end result.

    Play with it Periodically. Business plans - whether the overall Master Plan or the specific strategies and tactics - are never static. They are meant to change and grow over time as you experiment with different approaches. So have fun with it - and play! Revisit what you've planned from time to time - every six months or so is a good measure.

    Each approach, whether successful or not, teaches you something new. Maybe you've learned that a particular networking group does not have the level of service providers that you want to meet. Maybe you learned that your customers would prefer the convenience of ordering your products online, and that you don't need a storefront presence on the swankest street in town. It's a wonderfully liberating feeling when you are able to shift your mindset from "I failed because this didn't work out" to "Well, I tried it, and it didn't provide me with the results I wanted, so I'm moving on." As Thomas Edison said about his light bulb experiments: "It's not that I failed 9,999 times; I simply found 9,999 ways that it could not be done."

    Happy M.A.P.ping!

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