You don’t need a degree in economics to figure this out

I’m not a politician or a preacher, I’m just ready to stand up and say that there is a financial flood gate this is flowing out of our area that is filled with dollars, not diamonds.

It is the daily buying decisions that we make that determines our region’s economy.  We can’t do anything about the national news we wake up to, but what we can do is choose what businesses we support.  If we choose to spend our money with local, small businesses then we will build our local economy.  Small business is what has driven the most amount of net job growth for the last 20 years for our region.

It’s not complicated and doesn’t require a degree in economics.  If we spend our money with eachother we will feed eachother’s families and contribute to our collective local success.  If we don’t, we won’t.

Will you stand up with me and support small business in our area whenever possible?

Success Accelerator #7 – Get there early

Brett Sharp of WSLC, 949 Star Country has taught me a lot about attracting a large audience.  One of his tricks is to ALWAYS get there early.  If he is hosting a live event, or speaking for an organization, or hosting a concert, Brett is always early.

Do you know what he does with that time?  He greets everyone possible!  Seriously, I’ve heard of him greeting more than a thousand folks that were coming to hear a concert.  He’s the World Record holder for most amount of hugs in a 48 hour period or something like that.  He’s built, along with his team, an audience of more than 100,000 each week from pure hard work and all those hugs and handshakes.

If you own a business you’re building a tribe of fans that want to buy your product or service.  People like to buy from people that they like.  Sometimes it’s the one thing that can seperate you from your competitors.  If you’re a small business owner, YOU are an important part of the buying process and decision.  Use the Brett Sharp equation for success and arrive early.

Success isn’t sexy

I wish it was.  I wish there was a way to the top of the mountain without sweating.  I wish the waters weren’t rough and we could all just have an idea one day and “BAM” success would come the next.  Many of the books and tapes out there want you to think that.  They want you to believe if you could just understand what they are trying to tell you and execute as they show you that you would make millions of dollars – fast – without very much effort at all.

I haven’t found that to be true.  I know lots of millionaires that are small business owners.  If they started from scratch, it was hard.  There were times when they were broke.  There were times when failure was immenent and through good planning, hard work, and just a little bit of luck falling in their favor, they got through the challenge and prevailed.

Some would say that success has everything to do with your passion and not giving up.  I haven’t seen that to be true either.  I’ve seen people that worked really hard, stuck to it, had passion and still failed.  They lost everything.  They had mortgaged their house on their dream of entreprenuership and their idea that they thought couldn’t fail, and they did.  It happens.

There’s this special combination of having the right idea, surrounding yourself with great advisors that have experience in what you’re about to do, hard work, passion, capital, and a great plan that is based on reality and hard numbers, that lead people to success in small business.  There’s a focus that a successful small business has that others that fail don’t have.  They have a clear understanding of their “why”.  Like why they are in business in the first place.  Why they want to serve the customers they want to serve.  Why it is them owning and operating the business and not someone else.

Honestly, though, there’s nothing about the success of a small business owner that I can find sexy.  They’re consistent.  They’re not all glittery.  They have a head for numbers and they are checking them often to keep their thumb on the pulse of the flow of money through their company.  They’re able to tell you where their revenue is generated from and what their expenses are as a percentage of their gross sales and can usually tell you their ROI most anytime you ask (if they want to share that with you – the successful one’s usually don’t).

There’s plenty of small business owners that are micro-businesses and have plenty of business to keep them busy and clear maybe what they would if they worked for someone else.  They are successful.  They are people who didn’t want to work within corporate America and may find it exceptable to work for corporate America, just as a vendor.  Yay for anyone who knows exactly what they want, finds their lane, and stays in it.

Small business success that I was describing previously was about those businesses that want build businesses that they can sell one day.  Businesses that can be run by someone other then themselves.  Small businesses that are building equity so that their owners can sell and retire or step out and receive royalty checks for the rest of their life and leave those businesses to their heirs.  That’s what I dream about.  That’s what drives me.  That would be my definition of small business success.  It may not be sexy, but it sure is attractive!

Success Accelerator Tip #6 – Learn

I read somewhere that for many professionals that have worked in a field for 20 years they actually don’t have 20 years of experience but one year of experience that they’ve lived for 20.  It’s like the movie “Ground Hog Day”.  They just keep living the same year over and over again because they don’t get additional training.

I think that could have worked for people in the past.  Things really didn’t change that much in business for a really long time.  Yes, we got computers, yes, the internet became available and email started to be the way people sent business communications, but I knew many in business that didn’t adopt these things for a really long time and were able to continue to make a fine living and maintain their status.

The game has changed though.  In fact, the game is rapidly changing in almost any industry.  It has certainly changed in the way that consumers get and exchange information about businesses that they are thinking about doing business with.  I had a top level marketing executive tell me two years ago that “Facebook is a fad”.  He was in charge of millions of dollars of company’s marketing and advertising spending.  I wondered, at the time, if he would be able to hold onto that ideal and maintain his level of billing in the future.

Hey, 10 years from now we might look back and think that Facebook was a fad, and we might review things in the future and see that Twitter didn’t stand the test of time, or that network TV was more able to weather the changes and was still a significant tool to reach many consumers with new marketing messages.  Who really knows?  No one. 

Here’s what I’m positive about.  People want control.  They really like to have control of the content that they consume and when they consume it.  People dig the fact that they don’t have to be somewhere at a specific time to watch their favorite program.  They love that freedom.  They love to choose how and when they will interact with things.  The freedom that the consumer is getting is popular and since it’s an ideal that is executed through tools, the tools may change but the ideal is here to stay.

So, here’s my message.  Learn.  If you don’t think you have time to read about some of the changes that are happening your industry or marketplace, then get an iPod and download some books or Podcasts and when you’re getting ready in the morning or driving or have any time where you can listen to something, listen.

If you don’t think you have time to learn, I’m just going to tell you straight up - you’re wrong.  That may sound harsh but you need to hear it.  Life-long learning is so mission critical to small business owners and professionals that you have to find the time.  5 minutes here, 10 minutes there – it adds up.  You can put books everywhere.  You’d be surprised how much material you can go through in a year at 10 minutes at a time.  You can reach large volumes of text in that amount of time, over time.

Let the excuses be gone and figure out a strategy to have consumed pertinent information that can help you grow yourself and your business by year’s end.  I want you to be successful and this success accelerator tip is one of the most important to be sure that you are.

Big Business is about making their business bigger

I have nothing against big business and if we don’t understand what big business’ role is we can’t be successful as small business owners when doing business with them.  I’ve enjoyed the roles I’ve had as I’ve helped create a bridge between the goals of big business and small business.

Here’s the thing, small business owners out there, if we want to survive and build equity in your companies we are going to have to start to work smarter.  We are going to have to start pooling our resources so that we can be competitive.  We need to conduct business with big businesses in a way that helps them help us.

We have to make it easy for them to do business with us.  We have to make it profitable for them or we will continue to get the results we’ve gotten which are poor by any standards.

About 80% of small businesses fail in the first 5 years.  There aren’t any figures available to me about how many of the one’s that succeed but make marginal profits.  That leaves very few small businesses that are building substantial equity that can be leveraged when they retire to sell their companies for significant amounts of money. 

I believe we can do better than that.  I believe by joining forces and helping one another in significant ways and learning to aggragate our resources, many more of us can survive and even thrive!

Small business is truly the heartbeat of America.  We just need to embrace it and start creating systems that help us to be competitive in a crowded marketplace.  Small business is where the innovations come from.  Small business is where the growth in employment is coming from. 

We need to realize that it takes resources and really smart strategies to win out there.  I want to win, don’t you?

I think I can win if you win.  In fact, with my new company, I can’t win unless you do.  I’m banking on the fact that small business owners are hard working, loyal and dedicated people that have a passion for their companies and employees.  If I’m right, many more of us will win and win big!

Synergize My Business – The Launch

Small business owners need help right now.  You probably have limited resources and time, right?
You have to make every penny count and every hour create revenue or be in the service of your
employees or customers. 
 
I know exactly how you feel and what you are going through.  At 20 years old my first husband and I
started Best Pest Control, Inc. with a $1,200 pick up truck and a ton of sweat equity.  We built that business to be the 3rd largest in pest control company in Southwest VA in only 7 years.
We got  a great offer and sold it to Terminix International and I opened McNutt & Associates, Inc., a full
service advertising agency.  Allen Foster, my current husband, has operated that firm for the last 8 years.
It represents many small businesses in Southwest VA and shoppings centers throughout
the state.
 
I’ve worked for WSET (a local ABC network television station) for 4 years before spending the same
length of tenure at a radio group, Wheeler Broadcasting that owns Q99, Star Country, K92, Vibe and WFIR,
as the Director of Client Marketing Strategies.
 
What I have learned, throughout my life, is that small business owners rarely get the help they really need to be competitive in
a crowded marketplace.
 
I grew up in a family of small business owners and won the Roanoke Regional Chamber of Commerce Small Business
Advocate of the Year award in 2009.
 
You need top shelf strategists to create your marketing plan, high level media buying specialists to negotiate
your placements, turn-key programs for customer development and retention, cutting
edge advice and representation on social media and internet marketing,
resources for capital, help navigating complicated processes for any expansion
you might do, and it all needs to be affordable!
 
That’s my mission.  To build a system of top shelf enterprenuers that are dedicated to helping you grow
your small business fast and affordably. 
 
Synergize My Business will combine resources with
many enterpreneurs for the purpose of leveraging the talent of the best and brightest for your
marketing plans, customer development and retention, media buys, graphics,
sales and leadership training, coaching, capital generation, and more.
 
To compete in today’s crowded and competitive marketplace small business owners must team
together to help one another.  Big business is about making their business bigger.  We’re about
making YOUR business bigger!
 
The team that will serve you is made up of some of the best and brighest talents in each of the
fields you will need to grow your small business and I will lead them with the desire to
connect with the heartbeat of your small business. 
 
I am your small business advocate.  I am your servant.  I am here to help.
 
Small business is my end game.

When the CEO of Google needs a coach I’m thinking we all do

I’ve used a coach for the last 5 years.  Not the same one.  Most I use for a year or more and focus on their speciality or the mountain I want to climb and when I reach the summit I take a breath and look for the next ridge and find a coach that will help me get there.  I’ve had the pleasure of working with some great ones like Kate Steinbacher, David DeHaven, Jean Pierre LaBlanc, Jeff Smith, and others.

Brian Duvall (one of my secret weapons in internet marketing) just shot me over a link to this video and I thought those of you that have ever thought, “I’m successful – what would I need with a coach” might want to watch it.  It’s only 41 seconds - you’ve got the time :)

Will Diaspora compete with Facebook?

If anything works there’s two things that will happen. The first is that people will complain about it (we love to do that – help something rise to huge success and then begin the tearing down process of the brand or person) and second, competition will eventually pop up.

Competition for Facebook, because it’s privacy concerns with some users, has popped up in the from of Diaspora. I found an article, though, that makes some strong points on why the average person will find Diaspora more difficult to use than Facebook which will mean a more niche market for this new social networking site. Read it here.

A couple of cools dudes share how to make it work with social marketing

It was cool getting to know Eric Greenspan and Chris Foley at the Convergence 2010 Conference in California last week. I grabbed them at the very end and ask them to give small business owners some practical advice on how to make their marketing work. Eric and Chris run Make It Work and are launching their internet radio show in the fall by the same name. It’s worth the few of this one.

Internet Marketing Pioneer, Jeffrey Eisenberg, explains what makes small business owners successful

Jeffrey Eisenberg explains, in real, raw, talk, what he thinks makes a small business successful. Jeffrey Eisenbergy is a two-time New York Times best selling author and Internet Marketing pioneer.

Jeffrey Eisenberg: