Category Archives: marketing

Drive Change That Your Whole Team Will Support By Joe Ames, Essergy Senior Associate, (Smart Business Online http://www.sbnonline.com/article/drive-change-whole-team-will-support/ )

The best executives make their mark with strategic, even prescient, decisions. This kind of leadership often spells the difference between success, failure or, more often than not, just muddling along.

A good decision can be made better and create lasting change throughout the organization by following a few simple steps in both the decision-making and implementation phases.

Test kitchen

Decision-making: Socialize your high-level concepts for a policy change or major initiative during the early stages. While the concepts are being cooked, bring key groups into a test kitchen to taste test the initial thinking and act as sounding boards. This will help insure the idea is not being cooked in isolation.

Implementation phase: When the idea is ready, go to the test kitchen participants who can influence others. Keep them in the know, and arm them with information. Ask them to help spread the information throughout the organization. Don’t let managers hide behind being too busy to support the project. Make them aware that the success of this project will be on their personnel review.

Be ready to make adjustments

Decision-making: Seek out possible deficiencies in the project plan by listening for what is really being said, who is saying it and why they are saying it. Where we stand depends on where we sit — and unintended consequences of a change can surface for staff members whose jobs are impacted. Actively soliciting feedback, playing devil’s advocate on your own idea or pending decision can often reveal hidden pitfalls in time for them to be repaired.

Implementation phase: As the project is rolling out, listen for the difference between disagreement with the decision itself and disagreement with how it is being implemented. These are separate issues with separate solutions. Skepticism about the decision’s wisdom or potential effectiveness is a persuasion or even personnel fit issue. A question about the rollout is an operational issue.

Servant as leader

Decision-making: Getting a change to stick has little to do with how smart the change is for the organization and much more to do with the employees implementing the decision in a smart way. For employees to buy in to the change, they must be able to answer the question, “What does this mean to me?” Leaders who understand the concerns and address them along the way will have a better chance of embedding their ideas into the organization.

Implementation phase: Your decision will result in change, some of it uncomfortable for your colleagues and employees. Understanding this and embracing techniques and attitudes of the “serving” professions (counselors, religious leaders) can help. For instance, providing a sympathetic ear and praising collaborative behavior that pushes your good decision toward a sticky one is a smart move. And, don’t forget to celebrate success.

We all have used a version of a classic tool — the Ben Franklin balance sheet — to weigh the pluses and minuses of a decision. Well, old Ben had this to say about making a decision stick: “Tell me, and I forget. Teach me, and I remember. Involve me, and I learn.”

JoeAmes_headshot

Joseph D. Ames has consulted to a wide range of organizations on issues of internal organization and collaboration, and internal and public communications. An experienced coach, he has helped executives and managers navigate challenging organizational and marketplace imperatives.  His background includes more than 25 years of political and business reporting, editing, and management for major newspapers, where he was part of the team that won a Pulitzer Prize for Community Service. He is the author of California’s Afterschool Expansion funded by the William T. Grant Foundation. In addition, he has worked with executives in universities, large publicly held companies, and nonprofits, including the National Institutes of Health and SRI International. www.amesassoc.net

Do You Have a 5-Year Plan for Your Business? by Rieva Lesonsky (https://www.score.org/blog/2014/rieva-lesonsky/do-you-have-5-year-plan-your-business)

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I’ve been writing about small business for a long time, and back when I started, it was standard advice to create business plans looking far into the future—five, 10 and even 20 years.

Of course, in the last few decades, business change has been happening at the speed of light, and advice to create a 10-year or even five-year plan seems almost antiquated now. After all, you may be thinking, how can you possibly know what’s going to happen five years from now? No wonder almost two-thirds (63 percent) of small business owners don’t have a five-year plan, according to a recent survey by Staples.

But contrary to what you may think, the rapid pace of business change is the best reason of all to develop a strategic plan that allows for a variety of scenarios and plans how your business will react to them.

How do you create a five-year strategic plan?

First, get a grip on how your business is doing today. Gather your business mission and vision statements, your business plan (no matter how outdated they might be), your sales data and your financial records. Hopefully, you’re already monitoring sales, cash flow, growth and other metrics using your accounting software and dashboard tools, but if not, take some time to get all the figures together.

Now that you know where you are, where do you want to be in five years? How big do you want your business to grow? Do you want to expand your product or service line, your target market, your staff, your distribution channels? Would you like to be selling nationally or even globally?

Sometimes it’s hard to envision your business’s future that far out. If you’re having this problem, start by picturing what you want your life to look like five years from now. Do you want to be working fewer hours? Do you want to be commanding a staff of 50? Would you like more time to focus on your personal life and direct the “big picture” of the business instead of the day-to-day, or do you want to still be directly involved in your business operations? Would you like to travel the world, get married, have kids or think about retirement? Putting your personal five-year goals in writing can help you figure out what business goals you’ll need to achieve to make them happen.

Once you’ve got personal and business five-year goals nailed down, work backward to identify what needs to happen to get you there. If you want to grow your business big enough to sell in five years, you’ll need to do things like expand sales, build a brand, delegate more and systematize so the company can run without you, and build value in the business to prepare it for sale. If you want to build a national chain, you’ll need to start by adding that second location and expanding regionally.

Working backwards from five years to set goals for three years and one year from now. Then figure out what actions you must take to reach those intermediate goals. You can also break your plan down into quarterly steps and goals. The closer you get to today, the more detailed your plan should be. For example, for the next year, you may want to list monthly goals and action items; three years out, you might list quarterly goals and actions.

Use a SWOT analysis to pinpoint your business’s strengths and weaknesses, as well as the opportunities and threats facing it from the industry, the economy and the competition. Keeping up to date on your target market/s and economic indicators will help you see troubles brewing so you can adjust your plan.

Your plan should cover all aspects of your business: marketing and sales, staffing, operations, financial projections and how you’ll generate or obtain the operating capital you need to reach your goals.

Creating a five-year strategic plan is hard work, but it’s also exciting and exhilarating. After all, you’re taking charge to make your business goals come true—what’s more rewarding than that?

Of course, your SCORE mentor can help you with every step of creating your strategic plan, and offer advice, tools and templates to help. Visit www.score.org for more.

Rieva is CEO of GrowBiz Media, a content and consulting company specializing in covering small businesses and entrepreneurship. She was formerly Editorial Director of Entrepreneur Magazine and has written several books about small business and entrepreneurship.

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Finding Your Customers on Social Media By Rieva Lesonsky http://www.smallbizdaily.com/18117/finding-customers-social-media/?cmpid=ttrsocialbiz_20141009_33056996

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Do you know where your customers are hanging out on social media? Just like being back in high school and trying to fit in with the “cool kids,” social media success requires constantly watching and observing what the people you want to impress are doing and then doing the same. No matter how many followers your business has on social media, if you’re not reaching your target audience, it won’t help your business.

To find out where your customers are spending time on social media and what they’re doing once they sign in, start with analytics. Use the free analytics tools available on social media sites to track and dissect your audience before your build your social media marketing plan.

Do your customers have questions about your products or services, or are they using the platform to see what other people are purchasing? What kinds of posts or tweets are getting shared and which stagnate? If customers do click through to your website, how long do they stay? All these and more are questions you need to find the answers to.

Although what works for some businesses and industries won’t work for others, here are some demographics to get you started:

  • Facebook is still the most popular social media site for adults, but less so for teens. Some 3 million young people ages 13 to 24 have left Facebook since January 2011. Most users are college-educated males over age 55.
  • LinkedIn, which has carved out a niche for itself in the business and professional category, has increased engagement and is populated by a high-income and highly educated user base.
  • Snapchat, the hot photo-sharing app, has a mostly young female audience and very high engagement.

Here are more facts from the latest Pew Research study:

  • Pinterest (21 percent) is now more popular than Twitter (18 percent) among Internet users.
  • Women are four times more likely to be Pinterest users than men.
  • Twitter and Instagram are still youth-dominated platforms, while 23 percent of Internet users aged 50+ use Pinterest.
  • Contrary to popular belief, most people aren’t using multiple social networks. Over 50 percent of Internet users either don’t use any social networks, or use just one (usually Facebook).
  • Facebook and Instagram users are the most engaged. Around 60 percent of their users sign in every day (compared to 46 percent of Twitter users).

 

Rieva Lesonsky is a staff writer for Small Business Trends covering employment, retail trends and women in business. She is CEO of GrowBiz Media, a media company that helps entrepreneurs start and grow their businesses. Follow her on Google+ and visit her blog, SmallBizDaily, to get the scoop on business trends and sign up for Rieva’s free TrendCast reports.