The First 100 Days

In the past week we have witnessed the historic inauguration of Barack Obama as the nations 44th President. As he takes office we hear in the news much about what will happen in his first 100 days of office. He takes the helm in a tumultuous time with a suffering economy, two wars and the historical partisan politics. So how could that relate to your business?

I talk a lot about creating a laser focused game plan for your business to survive and thrive in these difficult times and as you look at the parallels of President Obama's first 100 days in office I find it an interesting comparison. He must move quickly and establish himself as the new commander-in-chief and in addition position himself and his administration as a new way of doing business. Like President Obama your business faces unique challenges right now, with the economy going south like snowbirds from Minnesota you need to decide what fast action you are going to take to keep your business moving forward. Have you developed an action plan for your next 100 days?  How will you make changes in your business and change the way you do business to set the tone for the next 100 days?  These are questions you must answer and answer quickly in order to survive and thrive in these times. 

I would suggest you sit down and work on 5 things you can do and control in the next 100 days that sends a clear message to your mind and to your team that you are not going to sit on the sidelines doing business as usual and wait for this to blow over. Think about what you can do from a marketing perspective, from a sales perspective and from a service perspective that rocks the boat over how you usually do things.  And once you have done that write down the specifics of how you will do it and assign timelines and communicate it to your team. Then execute and measure the execution so that it happens. 

Just as President Obama wants to get his administration off to a fast start in it's first 100 days you should think about getting you business off to a fast start in 2009 and take control of your business and focus on success, not worrying about those things you can't control!

The Winter Blues

Today here in Minneapolis it's 20 below zero and I had the opportunity to drive across Iowa and Nebraska the other day and observed the bleak winter landscape.  Winter is a little like what is going on in our economy in that at times it can get a little depressing.  As I looked across Iowa and Nebraska I imagined what the farmers were doing this time of year when the ground is white and frozen and likened it a little to what many businesses are facing right now.  The farmer in the upper Midwest right now is preparing for Spring, even though as he looks outside there is no hint of it he knows that in a matter of a couple of months Spring will be here and he will be back outside planting crops. But this time of year is just as important for him, as he is planning his crops, determining when and where he will buy seed and fertilizer, working on his equipment to make sure it is in the best operating condition before he needs it in the Spring.  

In today's economic environment it can seem like the bleak days of winter and yet every business must realize that there will be Spring and when that time comes it is essential that the business is in  a position to jump when things start moving again. In the event that your business is slow right now what are doing to make sure that when the business environment improves you are ready to capitalize on it. You should be making sure your business plan is set and have your business funnel ready to go and that all your tools such as marketing and sales are operating a peak efficiency so that your business can grow quickly when the environment improves. And have faith, it will improve, history has taught us that valuable lesson.  Stay Warm!

Tis the Season of Self Help!

About the first of December through the first of February it seems that my email inbox gets loaded with every self help guru out there trying to convince me to lose weight, stop smoking, make more money, have a better sex life, be a better writer and on and on.  Of course they are all preying on the fact that we will be making our New Year's resolutions and we will need their help to make those resolutions happen.  By the first of February they stop bugging us because they figure everyone has already fallen off the band wagon.

In the spirit of those self help gurus I would like to offer some simple ideas to you for making your business successful this year no matter what the economic environment and you won't have to buy anything, go to any seminars or click through 50 page sales letters!  Although there have been thousands of business books written about making your business successful there still remains only 3 ways to grow your business; more customers, more sales from existing customers and larger sales from existing customers. As you look at how you will survive and thrive in these challenging times it is absolutely essential that you look at these three areas to make sure that you are doing everything in your sales and marketing efforts to grow all three of these areas. Top business consultant Jay Abraham calls this the "power parthenon strategy" and by focusing on growing each of these areas you geometrically you can grow your business exponentially. 

Of course in order to do that you need a game plan or script so that it happens each and every time the exact way you want it to happen. Your first step might be to analyze your existing customers to look at their buying trends and figuring out how you can get more and larger sales from them. When I work with my clients I am constantly encouraging them to analyze why people buy from them and what else could they be buying from them.  Once you have looked at your existing customers or clients then you need to determining what you need to do to bring in new customers or clients, as you have heard many times before it is much easier to get more business from existing customers than it is to find new ones however you need to make sure that you are using a variety of different marketing tools to get new clients. You should have at least 5 different methods or tools that you are implementing to find and get new clients. And make sure one of those is an active referral system that lets your existing customers bring new ones in the door. 

As you look toward surviving and thriving in a challenging 2009 focus on these three ways to grow your business and you will have success!  And if you want to lose weight, stop smoking or anything else the self help gurus are selling I wish you luck!

Great Marketing Ideas for 2009

I've been getting a little R&R on the beach in Mexico over the last few days and on my way down I picked up a book in the airport. The book is the New Rules of Marketing and PR by David Meerman Scott.  This book has been a real eye opening experience for me in that I thought I was somewhat tech savvy when it comes to marketing but as I found reading David's book I'm just scratching the surface of what I should be doing to market my business, let alone help my clients market their businesses.  David does a fantastic job of laying out the new rules of marketing and how marketing firms, ad agencies and PR firms have done this in the past and how the world of the web, online marketing, blogs, news releases, podcasting and an assortment of other methods have made the old world of marketing and PR obsolete. I generally don't do book reviews in this blog however I have been so impacted by this book I believe I need to let everyone know that reads my blog that they should be incorporating the ideas in this book into their marketing plans. I spend a lot of time in marketing with my clients however I don't consider myself a marketing consultant rather I work with them to create the plans for their marketing that will help them achieve their business goals.  And one thing that became very evident in reading David's book is that I need to focus more on internet based marketing as I work with clients to help them create their plans. 

Internet marketing has come a long ways since it's early days and with all the tools available our there today if you are not taking advantage of some of these things you are completely missing the boat on opportunities to let people know about who you are and what you do. Any business plan should incorporate many of the tools that David discusses in order to get maximum exposure in the marketplace. The best part of this is it is relatively inexpensive and you don't need webmasters and programmers to do it. In my book "Ultimate Breakthrough Planning" I have an entire chapter on looking at your marketing systems and building a business funnel for them.  By taking some of David's ideas and putting them into your funnel you will improve your marketing dramatically.  The best part is that many of the tools David mentions we have typically thought of for large corporations, yet he gives some great examples such as an auto repairman on how they grew their businesses through some of these tools.  

In building your business funnel you should very definitely read David's book as well as visit his blog.  By the way David's not paying me anything for this in fact I don't know David and he doesn't know me however I believe his ideas should be used by every business to make their marketing efforts more targeted and more effective. 

It's a New Year, Again!

Once again we start a new year and if you're like me you're thinking about all the things you want to accomplish in this new year.  Of course this year is a little different because we all probably have some trepidation about what's going on with the economy and how it will impact our business in the coming year.  As we look at what we want to do in the coming year we typically start setting some goals and then maybe write down some things that we will do to achieve those goals but in most cases that is the extent of our planning for the new year. 

I would encourage you to try a different approach this year!  Rather than focusing on what you want to accomplish this year, try developing an action plan of the things you need to do each and every day in order to achieve those goals you set.  Create a plan that measures those actions, for instance if you need to ramp up your marketing to achieve those goals then determine exactly what you need to do from a marketing perspective; do you need to do more advertising, or more direct marketing or more online marketing and whatever it is measure the specific things you are going to do in order to do that.  In my book "Ultimate Breakthrough Planning" I have a whole section that talks about measuring key milestones and how if you measure and hit your key milestones you will inevitably hit your goals. As I work with my clients I constantly remind them that if you measure your actions and execution of your plan your goals will take care of themselves.  

Obviously we have a challenging environment this year however with challenges come opportunities and in order to capitalize on those opportunities and grow your business in difficult times you must have a laser focused approach to what you are going to do.