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My Personal Experience with Personal Fundraising: Tips to Help You Reach Your Goals

I am very grateful for my generous supporters who helped me exceed my personal fundraising goal--But I definitely had to work for it!

I am very grateful for my generous supporters who helped me exceed my personal fundraising goal–But I definitely had to work for it!

On Saturday, August 9th I took on a difficult challenge that pulled me outside my comfort zone. The physical endurance was only one aspect that made this experience unlike anything I’ve ever done. The personal fundraising for a charitable cause was completely new to me as well.

As I wrote in my blog explaining the GORUCK challenge, personally asking for donations isn’t something I’m comfortable with. I’m not used to not being in complete control of reaching my goals. Usually, it’s solely my hard work and efforts that earn me the prize.

From this whole experience, I walked away with quite a few new skills I never knew I had in me. One of which is my ability to set a fundraising goal – and exceed it. With the help of family and friends, I raised more than $1,200 for rare disease research. This was $950 more than I thought I was capable of receiving. What did I do to reach my goal? Here are some of the techniques I found to be most effective for personal fundraising:

Carefully choose your fundraising goal

In order to reach a goal, you have to first set one. I underestimated how important this number truly was for my own fundraising. If your goal is too small, donors may choose to give you a smaller amount than they would have it was twice that amount. Additionally, once you reach that goal, you have less power behind your plea for donations – even if you wish to continue to raise funds beyond it.

On the flip side, too lofty of a goal can turn donors off and make them feel like their small donation is merely a drop in the bucket. So where’s the middle ground? First think of the “safe” number that comes to mind, the one that you know you could reach with only about 60% effort. I would suggest setting your goal at twice this amount. This makes donors – at any level – feel like they can contribute to your success. It also holds you own feet to the fire to not get complacent or lazy with your fundraising.

Be strategic with who you ask

Simply put, people must be asked. If you don’t provide your family and friends with the opportunity to easily make a donation, you’re missing out on a huge opportunity. And as I preach with any other type of communication, you must be strategic. If you start asking every single person in your social network (even ones who you have no real relationship with) you’re bound to come off looking spammy and desperate. Let’s be honest, only a small fraction of these people will actually donate.

Save your time and effort by narrowing down a core list of people who have your back and have supported you throughout other moments in life. These are the people that deserve a quality solicitation and will most certainly have the greatest return on your investment.

Make it direct and personal – don’t rely on social media!

Once you’ve narrowed down who you want to ask, you need to make it personal and genuine. Simply sharing a link to your fundraising page on Facebook may garner a few “likes” and words of support, but it does nothing to compel people to make a donation. Your network is able to easily hide between the virtual curtain and don’t feel any personal pressure to support you.

Combat this by writing an email, a letter or picking up the phone. Craft your message directly to that person and the relationship you have with them. While your core “ask” may be the same, add in a paragraph or two that shows this is not a mass message.

Be strategic with the timing of your asks

If you ask too far in advance, you are likely to get the response of “Sure, I’ll support you.” But then these people don’t feel the need to make the donation immediately and the task gets lost among their more pressing to-dos.

You should make your first ask about one month in advance of your fundraising deadline. You can even use this as the reason why you’re contacting them at this time. This also allows enough time to go back and follow-up with these same people in a few weeks, if you don’t hear back.

Ask for specific amounts

Asking someone for a certain level of donation can be tricky, but it is also effective for closing the deal. This amount will vary for every person on your contact list. Consider their personal financial situation, how well they know you and whether they have supported you at a certain level in the past. Together, these pieces of information will direct you toward the appropriate amount to ask for.

Why this is so effective is because it can compel people who have the means to actually give at that level. Otherwise, they may make a smaller donation than you were expecting. Additionally, for contacts who have limited means, you can encourage them to donate by asking for just $5. The direct ask lets them know that this amount is what you expect and what you’d appreciate; it’s not too small to make a difference.

Give away something of value in return

Even though this is a charitable donation and the “warm fuzzies” should be a good enough reward, people still like to feel as though they’re getting something for their contributions. This does not have to be monetary or material. I wrote a blog on why I was fundraising and this allowed me to initiate the conversation again with my networks. Moreover, it gave deeper insight into why this cause is so important to me.

People want to know that this is something you truly believe in, that it’s something you are committed to and something that’s unique from anything else you may have asked them to support in the past. Share this by writing a story, hand making an item to raffle off or giving a small token of appreciation to every donor.

Stay organized

Remember that list of contacts I told you to put together? Do yourself a favor and put that in a spreadsheet. You can then track who you contacted, for what amount, on what date and note any correspondence you’ve had with them. This will show you the appropriate time to initiate a follow-up or another means of communication. This will also be a big help when it comes time to thank your donors.

Follow-up, follow-up!     

Use that organized spreadsheet as a tool to carefully time when and how you will follow-up with each person you contacted. Sending an email with no response and failing to follow-up is your own missed opportunity – not your donors’. Much like hiding behind the virtual curtain of social media, people can easily brush off a single email or voice mail solicitation. Sending one or more personalized follow-up messages makes it harder to ignore. A no is as good as a yes, and that’s all you’re asking for. If someone can’t donate, that’s fine. Ask until you receive a response either way (then track it on your spreadsheet).

Thank donors immediately AND post-event

Finally, show gratitude! Once you’re alerted that someone made a donation, immediately thank them with a quick message. Then, hand write (yes with a pen and paper) your formal, post-event thank you notes. I’m a big fan of including a picture from the event along with a personal message to each donor. This is such a critical step for completing the fundraising process. You may have already gotten what you wanted out of your donors, but remember that for any future fundraising efforts, they will likely be the same network you come back to and will remember this experience!

P.S…my fundraising page is still live and open for donations! It would be a missed opportunity not to ask, right?

Have you had the experience of personally fundraising for a charity or cause? Share what you found to work – and not work by commenting below!

 
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Posted by on August 18, 2014 in Life

 

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Why We Need Rainy Days

cat looking at rainy window

It has been a gorgeous summer in Pennsylvania. After a long and cold winter, we have earned these warm and sunny days – and there have been many! A couple of weeks ago I had some (rare) free time during a Sunday afternoon. My first instinct was to find something to do outside that would allow me to enjoy the day; however, the skies were ominous with a pending thundershower. As I stood by the window, I took a deep breath and felt a wave of relief wash over me. What an odd reaction to have to a dismal day? No, I didn’t feel sad, depressed, frustrated or annoyed. I felt relieved.

Reflecting on this feeling and the circumstances of the day made me realize something quite important. We all need rainy days in our life. Obviously the rain nourishes and revitalizes the earth, but it does the same for us.

My relief came from not feeling like I had to find something to do make the most of the nice weather. I had an excuse to be inside – and to just slow down for a little bit. On this particular afternoon, I watched a movie from start to finish (a nearly impossible feat for a mother of a toddler). That’s it. That’s all I accomplished and had nothing to show for it. Or did I? I felt focused, rested and happy. It’s the first time in a long time that I turned off all other distractions and was fully present in the moment. I can’t remember the last time I did this, can you?

On a sunny day, I feel like I need to be outside walking, running or at the park with Holden. I feel guilty making him play inside when I know all too soon winter weather will come rolling in and we’ll be locked up for months. Even when we’re inside during naptime, the blue skies inspire me to tackle work projects and chores at a dizzying pace. In the afternoon we’re on the go again, running errands or back to the park. And after dinner? You guessed it; we get outside as a family! I’m proud of my active lifestyle that has allowed me to accomplish all that I have, but even hybrid moms need to idle every so often.

On a rainy day, we move slower. There’s no rush to get to the park; it’s not even an option. Naps seem to last a little longer and watching more television than usual is completely acceptable. If errands can wait, they do. Getting toddler in and out of a car seat is even more of a miserable chore when rain is pounding on your back. Maybe best of all, without the sun shining through the windows, I don’t notice the little finger prints that should be cleaned off as well as every other surface you can imagine. It all waits and we rest.

I don’t take for granted that the “sunny” days, when I feel energized and productive, will always be around – so I make the most of them! But I no longer dread the “rainy” days that serve an equally important purpose. These days revitalize my soul and force me to slow down long enough to appreciate the need for balance. The weather is a funny thing; somehow it knows exactly what we need even when we do not.

What purpose do rainy days serve for you? Share how you have found balance in your daily life!

 
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Posted by on August 11, 2014 in Life

 

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The Most Effective Way to Follow-Up

listen to me

There’s one exclamation that I’m sure to say at least once a week (often with my hands on my head for emphasis). “I spend WAY too much time following-up with people!” How many of you share my grief?

I can’t stand the blazing bold font of an email message that’s not yet been answered. If I’m anywhere near my phone or computer during normal business hours (and who isn’t these days?), you can expect a response within the hour. Even if I don’t have the full answer, I’ll at least send an acknowledgement so you know the task is on my list. This makes it even more frustrating for me to spend so much of my time chasing down answers from other people.

Following-up has become one of the finest arts of communication. It’s a delicate balance of friendliness and force. You can’t be so abrupt that you get tuned out completely, but if you aren’t direct you’ll never get a response. So what is the secret to crafting an effective follow-up message? Here are six rules of engagement that will help get your questions answered!

Be polite

Always, always, always be polite. It doesn’t matter if this is your fifth follow-up message, you have to maintain your composure and professionalism if you ever want a shot at receiving a response. Time is valuable for everyone, so while it’s taking some (more) or your time to follow-up, you’re also asking for someone else’s time to provide you with an answer. Don’t act annoyed or be passive aggressive with your message. Reference your original conversation, reiterate your request and genuinely thank them for their time.

Allow a reasonable amount of time to pass

You or I may hold ourselves to the standard of answering an email within one business day, but realize that not everyone shares that same practice. For some people, a week might be a reasonable amount of time to get you a response – especially if it’s not urgent. My rule of thumb is to wait at least one week before sending the first follow-up message. I’m often pleasantly surprised by the number of responses that come in on their own right about this time. And I’m always glad I didn’t annoy them with a reminder when they were, in fact, on top of things.

Once you send the first follow-up message one week later, continue to wait a week in between each email. You can use alternative methods of communication in between that time (such as phone, text or Linkedin message). Some people are just terrible at checking email, but will respond promptly when you contact them through an alternative source. It will also increase your chances of getting your message heard. If there’s a significant deadline approaching, you can use this as a reason to follow-up more frequently than the one-week rule. Play this card selectively or risk becoming one of the 11 most annoying email personalities.

Give the benefit of the doubt

Don’t be so quick to assume that the only reason some has not responded to you is because they’re rude or incompetent. In between work, life happens and sometimes takes precedence over your requests. Have patience when waiting a reasonable amount of time before following-up with someone. They might have just had a death or illness in the family. Or maybe they have just returned from some time off and are still catching up on emails. I remember when I first had my son; I was a little slow at responding to messages but greatly appreciated those who afforded me patience and understanding during this time.

Don’t be repetitive

If your follow-up strategy requires several messages, avoid the temptation to simply copy and paste your request from week to week. This repetition is annoying and can seem condescending to your contact, like you’re assuming they won’t know the difference. For each follow-up message, include a new message at the beginning that updates your contact with where things currently stand (don’t make them read down through your whole conversation to figure this out). And for bonus points, add in something timely or relevant that will show you put thought into this follow-up. For example, maybe you saw that they published a new blog this week. Reference something you like about that blog and they’ll know you’re really paying attention and are invested in this relationship.

Make answering easy

Especially if you have multiple questions awaiting answers, the best way to increase your chances of getting a response is to make it as easy as possible. Once tactic I use is to break down each question into its own bullet point so that my contact can simply respond in-line. Other times I will bold or underline the question so that within the context of my message people know exacting what needs a response.

If I have a laundry list of questions or items that warrant more of a discussion, a phone call is the way to go. Emails should be short, sweet and to the point. The question should appear in the very beginning and again at the end. Repetition is a courtesy because it allows your contact to easily skim the message, identify what you’re asking for and quickly respond.

Give an easy “opt-out”

This is most applicable to a message in which you’re asking for someone to meet with you or buy your services. For reasons unknown, some people just hate saying no. Instead, they’ll avoid answering altogether so that they don’t feel like they’re letting you down. In the long run this is a disservice to you both. If you’ve followed-up multiple times, it may be time to offer your final message where you directly ask if you should stop contacting them. Be polite and friendly. Even if they take you up on the offer, this professional courtesy will end things on a positive note and reflect well on you and your business.

What tips or tricks do you have for crafting an effective follow-up message? Share your advice by commenting below!

 
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Posted by on August 4, 2014 in Business & Success

 

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5 Ways to Build Your Personal Brand

personal brand

Whether you’re the business owner or the intern, building a personal brand is a powerful way for employees at all levels to increase their credibility and showcase their expertise. Everyday people have become celebrities all because of how they positioned their personal brand on social media and beyond.

We each have the ability and access to all the tools we need to start building our own brand today – and it’s quite simple! Here are five essential steps for building a strong and influential personal brand.

1. Define your area expertise

First and foremost you have to be able to clearly define your personal brand. Otherwise, how can you expect anyone else to? A powerful component of your personal brand is your area of expertise. Don’t be intimidated by the word “expert.” This doesn’t mean you need to be the most knowledgeable person in the world on a subject. Rather, you simply need to identify a subject that you know a lot about and for which you have passion.

2. Adopt a tagline

Once you know the personal brand you want to build for yourself, the next step is to clearly communicate it to the world. Just as a business adopts a tagline, so should you. Having a personal tagline might sound cheesy – and it can be – but only if you choose a cheesy tagline. If the personal brand you want to create for yourself is more professional and serious, there are endless options for a tagline that will also reflect this tone.

Once you’ve established a tagline, put it to use! Incorporate it into your personal website, blog, business cards and email signature. Use it when introducing yourself at networking events or in business meetings to quickly and clearly communicate who you are. A tagline will help keep your brand consistent and make it memorable.

3. Embody your brand from head to toe

While you may get caught up in building your personal brand on your website, blog and social media, don’t forget about the most valuable brand-building asset you have with you at all times – you! Your clothes, hair and accessories all impact the image you give off to the world and this should remain consistent with your brand.

If you want to be viewed as a respected professional, you need to present yourself as one. Give careful thought to your attire before heading out to a client meeting or networking function. Whether you do this or not, I promise you people will notice either way.

4. Create opportunities for other people to experience your brand

You can create an awesome brand for yourself, but if you don’t allow others the opportunity to experience and interact with it, it will have little impact. Just as a business puts great effort into promoting their brand, you should put effort into promoting yours too.

For a personal brand, this does not require the same tactics that businesses use. Not many of us have the budget (or confidence) to put ourselves on a billboard! Instead, maximize your online presence by creating a personal website, starting a blog and maintaining a strong social media presence. These are all great ways to showcase your area of expertise and give your network an intimate experience with your personal brand. In addition to the virtual world, get out in the real world too! Take advantage of speaking engagements, networking functions and other social events to get out in your local business community and represent your personal brand.

5. Be consistent

If you do nothing else when building your personal brand, be consistent! Think of any business that has built a successful brand; they do not waver from the core values it represents. All of their internal and external communications center on strengthening it. You should embrace this same level of consistency when shaping your own brand.

With every new business opportunity, consider whether or not it aligns with your brand. If not, it’s likely not in your best interest to pursue it. Your brand represents your morals, values and character. If your actions don’t align with the image you’re trying to create for yourself, you will never achieve a strong and influential brand. Instead, keep your personal tagline top of mind and use it to guide the way you present yourself to the world – in person, online and everywhere in between!

What steps have you taken to build your personal brand? Share your tips and tricks in the comments below!

 
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Posted by on July 21, 2014 in Business & Success

 

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10 Things to Remember When Planning a Professional Event

corporate event planning

Throughout my career, I’ve played the role of “event planner” more times than I can count. Fundraisers, golf outings, press events, clay shoots, meet and greets, prayer breakfasts, networking mixers, seminars and conferences are just some of the various types of events I’ve helped to plan. For each one there’s been a different venue, audience, menu, setup and marketing strategy. It’s been a whirlwind!

This experience has helped me to create quite the “tool box” of tips and tricks for successful event planning that can only be gained from my own trial and error. Oh and there have been many errors! Now I have professional events down to a work of art. I can anticipate the unexpected and I come prepared to address every odd request you can imagine. To help you do the same, here are 10 things to always, always remember when planning a professional event.

1. Be overly specific, assume nothing

I have many real life examples of event planning follies where I assumed something simple – like there would be a chair at the registration table – only to be left scrambling at the last minute over silly details. I’ve since learned to assume nothing and specify everything. When I’m in the event planning role, I can’t afford to be torn away from more important tasks to handle these types of mishaps. I work closely with the venue to specify the essential details (without being condescending, of course). Even if I risk looking a little too Type A, it’s a small price to pay for a well-executed event and a happy client.

2. Don’t be literal with the headcount

While I advise to be very specific with the event details, I don’t advise to be specific with the headcount. Inevitably people who have RSVPed will not show up and others who did not RSVP will. It’s the ebb and flow of event planning and somehow it all works out. What I’ve learned is that so much money is wasted on overestimating headcount. Instead, I underestimate the guaranteed count by at least 5 (if not 10) people. At the event, the venue can always pull out a little more food (for which they will also charge you). And at least you know you are paying for exactly what’s being consumed, which can be a cost savings of a couple hundred dollars!

3. Anticipate people arriving early (and staying late)

When I’m running logistics for an event, I always arrive at least an hour in advance to set-up, troubleshoot and acclimate myself with the venue and staff. I also do this because I know that a handful of early birds will arrive a half hour early as well. I hate to be caught still setting up (though it would totally be understandable), so instead I beat them at their own game! I also anticipate another group staying past the end of the event to eat and chat until the staff starts vacuuming over their feet. This means I, too, also stay late to ensure a professionally executed event from start to finish.

4. Bring a “tool kit”

You will always have a need for scissors, tape, extra name tags and pens. I can’t emphasize enough how often this has saved me the time of having to ask the venue to search and bring these items to me and how it also helps me to look extra professional and prepared. Slip these items in your laptop bag, and even if you don’t need them, you’ll have the peace of mind that you’re one step ahead.

5. Be accessible

When planning an event, you will need to be accessible and on your feet to address any issues as they arise. Maybe it’s someone at registration who said they paid, but their name isn’t on the list. Or maybe a side dish needs refreshed at the buffet that a server hasn’t yet noticed. I’m all eyes, all ears – and always on my feet at events.

6. Call upon helping hands

In order to pull off tip #5 of always being accessible, you need a competent team of helpers to assist you with being in multiple places at once. When I’m putting out the big fires, I rely on others to manage the registration table and greet guests. What this also means is that I have to prepare easy to manage lists and clearly explain the process to my helpers to ensure they know what to do even when I’m not around.

7. Keep people comfortable

People with full plates and full glasses are happy people. For the most part, people won’t remember the venue or the color of the table linens, but they will remember if they were well fed. Don’t skimp on food or drink and make sure that it is out before guests arrive and is left out even after the event ends, in case people choose to mingle after hours. Also, be sure your menu matches your ticket price. If people are paying a couple hundred dollars to attend a fundraiser, don’t give them chips, pretzels and a cash bar. Show them a good time! I promise you, this is always money well spent.

8. Strategically time your (brief) remarks

Hosting an event and not taking a moment to address the crowd is a really wasted opportunity. You may not be the most confident public speaker, but you can at least put together a few sentences especially if it means promoting the purpose of the event. Timing is everything to ensure people are paying attention. Plan to take the mic (and do use a mic) about halfway through the event. This will catch both latecomers and early-departers. Your remarks also give the event closure. If people need to take off early, they can feel like they have at least stayed for the most important part of the event.

9. Take advantage of the opportunity to market your services or future events

Use your remarks and printed promotional materials to market your services or future events. Give people something (verbally and physically) to take away from the event. You’re footing the bill after all, the least you can do is gain some promotional value from it! If this is an annual event, have a date set for next year’s event and promote it. If the event is not annual, give people some other call to action like a special discount on services if they purchase that day. If nothing else, at least invite them to visit your website and connect with you on social media.

10. Remember, it’s not about you!

It’s your event, but it’s not really about you. It’s about your guests. They are the ones either paying to be there or offering themselves as your captive audience for a few hours. Respect their time and make each guest feel special by greeting them, even if only briefly. Also keep your guests in mind when selecting a venue and food choices. Some restaurant off the beaten path may by a stone’s throw from your home, but it’s a trek for your guests. And just because you like a menu of red meat and potatoes, be thoughtful about your guests who may prefer some variety.

To boil down this entire list of corporate event planning advice, I simply urge you to be hospitable and genuine. Put the extra thought into the details to make this a pleasant experience for your guests so that they remember you for hosting a fun event, not wasting their time. Both extremes leave a lasting impression and you have the power to choose the outcome!

What other things would you add to this list? Share your event experiences (good and bad) by commenting below!

 
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Posted by on July 14, 2014 in Life

 

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Are You Making this Deadly Marketing Mistake?

danger sign

As business owners, we’re faced with some tough decisions. In order to make ends meet we sometimes have to tighten our budget and cut out the non-essentials. What any experienced business owner will tell you is that there are certain areas of a budget that should never make their way to the chopping block – marketing being one of them.

One of the most deadly marketing mistakes you can make is to halt your efforts in an attempt to save money. Scores of great strategies have been pulled before they have begun to payoff. That’s right; you invest all this time and money into creating and implementing a marketing plan, but pull the plug before things really get going. While this may save you a few bucks right now, it will most certainly hurt your bottom line in the long run.

Here are four ways you can avoid making this deadly marketing mistake.

1. When times are tough, don’t cut your marketing.

Every business will experience its ups and downs, its busy seasons and off seasons and its times of feast and famine. One of the worst things you can do when times are tough is to cut out your marketing or public relations efforts. After you’ve spent months engaging your audience, to completely go silent would undo all of your work up until this point. Whether you can see it or not, they are there and they are listening.

Instead, you may need to narrow down your tactics to those with the greatest ROI to adhere to a tighter budget, but you should never hit the big, red stop button. After all, it’s your marketing, public relations and advertising efforts that are going to help pull in more business which is the one thing you desperately need during a dry spell.

2. Set reasonable expectations for results.

Another reason businesses panic and pull the plug on their marketing efforts is because they don’t think they’re getting results. This is a deadly mistake because in reality you likely are achieving results, they just might not be the silver bullet you were expecting.

Set reasonable expectations. Learn to embrace the necessary slow burn of business growth that directly applies to your marketing efforts. You should value the consistency and quality of your results, not the sheer speed and quantity.

3. Measure progress in all forms.

Progress is not always obvious. Be open to looking for it in unexpected places or for it to produce different results than what you might have anticipated.

For example, your Facebook posts may not be getting more then 2-3 likes, but your analytics show that several hundred people have seen the content. You can also see from your blog’s stats that 20+ people a day are being pushed to your blog from Facebook. Those are some valuable results! When you do your research you might find that you’re achieving a whole lot more than what Facebook likes could tell you alone. This is all the more reason to stay consistent with implementing your marketing tactics.

4. Repeat your winners.

Don’t be afraid of repetition. Again, don’t be afraid of repetition. Sure, we always want to be coming up with new ideas and strategies to catch our audience’s attention, but don’t shy away from repeating something you know works for you.

Advertising guru, David Ogilvy believed repetition was an essential part of growing your readership. He felt that you should repeat yourself up to five times to see the full benefits of your messaging. People don’t always catch things on the first pass (Can you name the product the last commercial you saw was trying to sell you?) and repetition is an essential way to ensure consistent and clear messaging.

The importance of repetition is all the more reason to maintain balance with your marketing and public relations tactics. If you started a monthly newsletter or a bi-weekly blog, your audience will come to expect to hear from you at these intervals. When a month or two goes by without you “touching base,” you will quickly fall out of sight and out of mind. Stay top of mind by staying consistent with both your messaging and your strategy – and avoid making this deadly mistake!

Where have you seen this deadly marketing mistake being made? Share your examples by commenting below!

 
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Posted by on June 30, 2014 in Business & Success

 

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The One Question Every Successful Entrepreneur Must Be Able to Answer

top three priorities

One of my favorite shows currently on TV right now is Shark Tank. It feeds my entrepreneurial spirit and ignites a lot of creative (and sometimes cooky) ideas that I could only wish to have the opportunity to present to this impressive audience of venture capitalists.

All that aside, the reason I really love watching this show is because of the pearls of wisdom these experienced entrepreneurs spout off that have inspired quite a few blog posts – this week being no exception. On an episode from a few weeks back, it was Barbara Corcoran who said “Never have I ever met a successful entrepreneur who is unable to answer this one question.”  The question?

“Tomorrow when you wake up and go into the office, what are your top three priorities?”

This question is deceivingly simple. Try answering it off the top of your head right now. When I tried to do the same, I knew I had the answers, but when put on the spot, I found it hard to quickly put these key priorities into succinct bullet points. This doesn’t mean I’m doomed to fail as an entrepreneur, but it did make me want to sit down and put some thought into my top three priorities right now. Should I ever “bump” into Barbara Corcoran, this would be my answer to her question:

1. Continue to build quality relationships with my existing clients

In the pursuit of new clients, I never want to take for granted the awesome ones I currently have. I’ve already put the effort into earning their business, building a relationship with them and becoming efficient at the tasks I do for them month after month. It is a valuable use of my time to keep these existing clients happy and on board because trying to replace them is far more costly.

2. Selectively target new clients

Once I devote the time to keeping my current clients engaged, I need to continually fill my pipeline with ideal prospective clients. I’m lucky to be in a position where I can be selective with the new clients I choose to take on. I know the size, industry and vision of companies I best serve and these are the ones in which I’ll devote my time to pursuing. Smaller clients or ones that don’t quite align with my services may still find me, and I’m happy to see how I can help, but they are not the ones that I will actively put my resources into pursuing.

3. Find ways to automate my tasks and become more efficient with my time

I’m a consultant and sole proprietor by design. This means I must carefully guard my time and find ways to be extremely efficient as I take on additional clients if I want to continue to enjoy the benefits of the 80/20 Principle. It is my goal to find ways to automate my tasks or become more efficient at completing them so that as I take on new clients, I’m not working more, I’m simply filling the bandwidth my efficiency has opened up.

Whatever your top three priorities are right now says a lot of about the current state of your business/career and your entrepreneurial style. Maybe they even point out some areas where you need to refocus. They should address your immediate needs, but also plan for future growth and strategic change. Having your top three priorities locked and loaded serves a purpose far greater than simply impressing someone who asks. They give you that laser focus each and every day that is at the core of every successful entrepreneur.

Are you able to easily answer this question? Share your personal top three priorities by commenting below!

 

 

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