Make Work-Life Balance a Priority Over The Holidays

Christmas is my favourite time of the year.  Cooking, baking and wrapping presents with my family are experiences I will remember forever.  But as an entrepreneur, a wife and a mom, I sometimes don’t feel like I have enough hours in the day.  Now that my kids are home from school for the holidays it really becomes a balancing act of priorities.

Business owners all across the country struggle with the juggling act every day.  But I’ve started to look at things from a different perspective lately.  I used to get stressed out easily trying to be too many things to too many people.  Then I suddenly had a “light bulb moment” and realized that I was trying to please everyone else, but I was miserable.  I started to take stock of the things that were absolute priorities in my life.  I did some de-cluttering of my life and really made a conscious effort to focus on only the things that were really important to me.

For me that means raising my children the best that I can, loving my husband just the way he is, growing my business through dedicated daily effort, surrounding myself with people who are loving and supportive, and being the best friend I can be to the people who genuinely mean the most to me.

So, as you can see my business is a major priority for me.  But it’s not my only priority.  As we soon head into the New Year I have a clearer focus on my future now that I have gotten rid of the clutter.  I have discovered that when I make myself happy, I am less stressed out which in turn make the other people around me happy.  As an entrepreneur you never stop thinking about your business but over the next few days, take the time to put business thoughts aside for a while and really focus on the people in your life.

Merry Christmas everyone!

In memory of Allen Wayne Latham (1947-2001)

Things You Need to Know Before Hiring a Marketing Consultant

Have you ever watched the show Dragons Den?  Or the American version, Shark Tank?  I’m addicted to watching those shows every week.  There are a few of the Dragons and Sharks that I would love to partner with in business and some that I could do without.  Some of the Dragons and Sharks have changed over the seasons and some have made a big impact on my own business decisions. 

I think what’s really amazing to me when I watch Dragons Den or Shark Tank is the sheer number of people who come on the show completely clueless about doing business.  Time and time again, people have spent countless hours and money developing a new product.  But they obviously have not done their research first.  People go out there on national television absolutely, solidly believing in their product but it’s clear that the market doesn’t want or need it.  Their valuations are often ridiculous too, usually because they have valued their company at a million dollars or some other crazy number but they haven’t made any sales yet.  But what really gets me (and I think it’s because I’m a marketer) is the people who go out there and have no clue who their customer is.  They go into this dramatic sales spiel about their product but then one of the dragons cuts them off and says, “But who’s going to buy it?”  It amazes me that they often can’t answer that question.

Whether you’re going on Dragons Den or Shark Tank to pitch a product or you’re approaching a consultant to help you move your business forward, there are things you need to do to prepare for this meeting.  So, here are some thoughts about what you need to know before hiring a marketing firm.

·         Do you have a business plan?  If you don’t have one that’s an issue because it shows me that you haven’t taken the time to do your research.  And if you wrote a business plan 5 years ago and haven’t looked at it since, you need to do that and update it.

·         Do you know your numbers?  You need to know how much it costs to produce the product, how much to sell it for, what your expenses are, what your profit will be and an accurate sales forecast for the next 12 months.  You also need to know how much you will be allocating to marketing expenses.  I can help you with that, but you need to come in prepared.

·         What are your marketing objectives?  Many clients come to me and say, “I need help with my marketing.”  Well, that encompasses a lot of things, so what exactly do you want help with?  What are your goals and how do you think various marketing activities will help achieve those goals?

·         What makes your product so different and special?  I can help you further define your differentiating factors and help you align those with the right target market, but you need to be able to clearly tell me why this is such a fabulous product and why anyone would buy this from you as opposed to buying it from a competitor.

Marketing is one of the most time consuming and expensive aspects to operating a business and it is absolutely crucial to any business.  But you can’t expect to sit back and just let it happen.  You need to do your homework first.  Here is also a list of questions to ask your marketing consultant before signing any contracts with a marketing firm.

Reaching Life's Milestones

Reaching important milestones is a big part of life.  Now that the kids are back in school and focused on their school work and activities it’s time for us to refocus, to set goals and to reach for some of our own milestones in life.  About a month ago, I celebrated a very big milestone in my career.  My company, Small Business Marketing Solutions celebrated its first birthday!! 

Over the past year in business I have learned a lot about myself and what I’m capable of achieving.  And anyone who has a dream but doesn’t think they have what it takes should read these lessons learned and know that you can absolutely achieve anything you set your mid to.

1.       Don’t let anyone stand in your way.  A year ago there was a person in our community who was hell-bent on destroying me.  Because my career hinges on my reputation, I was terrified of what other people thought of me, especially those that had never met me.  I soon learned that the vast majority of people actually wanted me to succeed.  I had given way too much power to this one person and I needed to regain that power back.  So, as scary as it was, with my head held high I mustered up the courage to make some really key phone calls and I walked into meetings and networking events with confidence.

2.       Believe in yourself and others will too.  When you believe in your abilities and what you have to offer, you will attract other like-minded, positive people.  If you honestly believe that you are capable of providing an exceptional product or service, don’t be afraid to share that with everyone.  But there is a difference between having confidence and being full of yourself.  Confident people just exude that confidence and positive people are drawn to them.  They don’t go looking for admiration from anyone who will give it to them. 

3.       Persevere when things get tough.  I knew that going into this business was not going to be easy.  Having kids to take care of and bills to pay along with juggling work responsibilities is part of the world we live in today where the vast majority of women work outside the home.  I’m not going to say it’s easy to balance it all, but keep your goals in mind in everything you do.  Just keep plugging through, giving 100% in everything you do, whether it be your business, your finances, your family, or your friendships.

4.       Stay focused on your goals.  Sometimes it’s difficult to remember why you started this venture in the first place.  I knew that going into this I was opening the only marketing communications consulting firm north of Sudbury.  My goal was to give small businesses throughout northern Ontario the opportunity to adequately plan their marketing strategies with the assistance of a local marketing firm who understood their needs.  Just because we’re a little off the beaten path doesn’t mean that businesses in this area shouldn’t have access to the same resources as businesses in other areas of the country.  Keeping that focus top of mind throughout the year has helped me stay on track as to why I chose to start this company.

 

5.       Don’t settle for less.  Don’t sell yourself short.  Setting goals and achieving them is what keeps me motivated to do more.  I may not have achieved all of my goals by the timeframe I had originally set out but that doesn’t mean I’ll never reach them.  It may just take a little longer to do that.  I know what I want to achieve in my life, my career and my business.  And there is no way I’m going to settle for anything less.  I have goals set, but more importantly I have a plan of action to achieve those goals.

6.       Build a strong support system.  This may sound harsh, but there are people in your life right now that are weighing you down.  Surround yourself with people who genuinely care about your success, people who you can bounce ideas off of, people who will share in your big moments and be there to listen when things start going south.  I’ve had to part ways with “Negative Nellies” and I’ve been fortunate to have found people in the business community who have become real champions of my business.  The friends I have are people who genuinely like me for who I am and want to be friends with me.  I don’t hide my emotions well, so I don’t have patience for phony people.  But the one person I know that is always backing me up is my husband.  Having been together for 12 years, our marriage has been through a lot of good and a lot of not so good.  I don’t do this job (or anything else for that matter) for the recognition, but it’s nice to know that at the end of the day, someone is proud of me.

I once had someone tell me that they admired me for having the guts to start my own business.  I never really looked at it as having the guts to do something that other people may be afraid to do.  But it really does take a certain personality to run a successful business.  Not everyone is cut out for it, nor do they want to.  But if you’re anything like me and you want to make a contribution to business community in any way, just go for it.