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How to Find the Perfect Name For Your Business (Guest Contribution from Squadhelp)

The following post comes to us from Grant Polachek, Director of Marketing at Squadhelp.com, the worlds #1 naming platform serving businesses of all sizes and industries, from small startups to some of the world’s largest corporations. Get inspired by exploring these winning brand name ideas.


Naming your business is a crucial piece of launching your brand. It is often the first thing potential customers learn about your business. It should draw people in and sum up your brand identity.

Although naming is a challenge, it does not have to feel like stepping off the edge of a cliff blindfolded. With the three stages laid out below, you can streamline your ideas and get the most out of your brand name.

Stage One: Mission and Vision

Outline your brand

When selecting a name, it helps to get all of your ideas in one place. Create a document that you can refer back to throughout your naming process. Include key aspects of your brand. What do you do? What are your values? Why is what you are selling important? If others don’t feel that you’re passionate about your own brand, they will begin to question why they should care about it at all.

Jotting down a few existing business names that you like can help you brainstorm. What do you like about these names? Are you trying to achieve a similar vibe?

Compile a list of eight to ten of your favorite names, then dissect them. Explore these winning name ideas to start. Write a couple of bullet points about what you like about the name and why it works for that company. Dissecting your favorite names can provide direction to your naming process.

Consider your audience

A clothing brand targeted at successful middle-aged professional women will sound nothing like a fashion line for hip students, and there’s a reason. Your brand name should not just be about you, it should be about who you are selling to. Most successful names target a specific audience, drawing them in with values and emotions that resonate with them.

For example, take the investing app Robinhood. Their platform focuses on making the investment process free and accessible for the average person, not just the wealthy. The name of their brand not only summarizes their values perfectly by using the story of the heroic bandit Robin Hood, it also appeals to a millennial audience. The name is youthful and fun, and it aligns with millennial values of convenience and fairness.

Look ahead

Where do you want your brand to be in five years? What about ten years? If you’re planning on starting a company that might expand into new areas down the line, be careful not to choose a name that pigeonholes you. At the start, you may be launching a brand of socks, and you feel that the name SuperSocks could be a great fit, but if you plan to grow into other territories later, taking on accessories like hats and scarves, SuperSocks is no longer a suitable name. Planning ahead can help you avoid a costly rebranding process down the line.

Try to sum up your mission and vision in a few short project statements like this:

● We need a name that captures our fun, unique approach to selling socks.

● We need a name that establishes us as a hip, young brand

● We need a name that hints at our eco-friendly business practices Get started by writing a few project statements of your own.

Stage Two: Get Creative

The essentials

Now that all of your ideas are in one place and you’ve figured out what kind of name you want, you can start coming up with ideas. S

tart with the basic principles of a good name. A strong name is easy to say, easy to spell, and easy to hear. If people have a hard time sharing your brand, they won’t share it at all, stunting your brand’s climb to success.

Gather some names

Now, it’s time for the fun part. Jot down every possible name you can think of that might fit the brand you are creating. Don’t be afraid to think out of the box, and don’t be afraid of writing down names you don’t like. The more you have to cross off the list, the better idea you will have of what you are looking for.

Start broad. Some names are descriptive, abstract, emotional, or classic. You can merge words to form a name, or use two separate words to sum up your appeal. Write down a possible example for every name type you can think of. This can help you see what you’re looking for. The more names you have to work with, the better scope you’ll have. Narrow your list Now that you have compiled a broad range of ideas, begin crossing off ones that don’t work for you until you have a list of five or six favorites. This is a great opportunity to get second opinions from friends, family, or even your target market.

When asking questions, don’t just ask “Which of these names is your favorite?” Frame your question neutrally by asking something more along the lines of “Which brand would you want to learn more about?”

Stage Three: Check your Boxes

Secure your domain and assess your risk

A strong domain compliments a good name. Your website is where people will find out more about what you do, so it is best to have as close of a match as possible.

Run a trademark risk test to ensure that your name isn’t already taken by a similar business. If your name is closely related to another name for a business that offers similar services, you may run into trouble with trademark law. Be proactive about trademark risk to avoid messy legal issues.

Coming up with a strong name is a daunting task. So much rests upon a name. It is the sum of your brand’s identity, and it is the first point of connection for your audience. You may feel like all the best names are already taken, or that you have no good ideas, but the perfect name for your business is out there. It just takes a bit of prospecting and brainstorming to find it.

About the Author: Grant Polachek is the Director of Marketing at Inc 500 company Squadhelp.com, the worlds #1 naming platform, with nearly 20,000 customers from the smallest startups across the globe to the largest corporations including Nestle, Philips, Hilton, Pepsi, and AutoNation. Get inspired by exploring these winning brand name ideas.

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Do I Need Advertising or Public Relations?

Do I Need Advertising or Public Relations

It’s a really important question – and one that business owners’ return to time and time again. Do I need PR or advertising to grow my business? The answer…it depends! As like most things in life, it’s situational and really depends upon your goal, budget and target audience.

In this blog, I break down some of the most common scenarios businesses face and whether ad or PR is the better strategy to address each. Let’s go!

I want immediate and guaranteed publicity for my business.

You want to start with advertisingWith advertising, you get what you pay for, rarely will it be more or less. The benefit of guaranteed media placement is that you can count on it showing up when and where you want it to. If your business needs this immediate boost in publicity and can’t risk anything less, advertising is the way to go – at least to start. Where PR can come in, is when you want to complement this with the power of organic media exposure that, when done right, can garner a whole lot of media attention for a fraction of the cost of paid placement.

I have a limited budget, but a great story to tell.

You want to start with public relations. If you have a naturally great story to tell, your business will do well with the boost of some public relations. PR thrives on taking a great story and bringing it to the forefront of media and before your target audience. With advertising, you have limited space to tell your full story, so it might not have the same impact if you try to fit it into a 15 second commercial spot or on a bill board. With PR, you gain the platform, like a featured segment on the morning news, or several paragraphs in print or online to really dig into the meat of things.

I can communicate my core message in less than 8 words.

You want to start with advertising. This is the reverse scenario of what we described above. Maybe your business is able to fully articulate its unique selling proposition in 8 words or less. In this case, you might better be suited for a strategy more focused on advertising. A short message can be easily communicated through digital ads, short commercials, sponsored social media posts and billboards. Once you determine this short message, you can advertise it consistently throughout these various facets to benefit from repetition.

I want to promote the charitable angle of my business.

You want to start with public relations. Even if your business is for-profit, you can still hitch your wagon to the promotional power of charitable giving. If your business or organization has a genuine charitable component (people can easily tell when you’re not being sincere!), this unlocks a lot of PR opportunities. Your story will more easily be picked up by local media and often TV stations or digital community calendars offer free promotion of such activities. Sure, you can also pay for this promotion, but why? When it’s charitable in nature, think PR first.

My business has some negativity publicity it needs to counteract. 

You want to start with public relationsIf you find yourself needing to counteract negative sentiment toward your business, this is a job for public relations. It’s important to add the “human” element to your business in such circumstances. For example, you may want to pitch your CEO for a media interview, host a press conference or issue a press release to address the issue. You can also implement some strategic activities to repair your brand, such as a free community event, open house or giveaway.

People are familiar with my brand, now I need to keep it top of mind.

You want to start with advertising. If you’re an established brand and your target audience is aware of who you are and what you do – congratulations! You’re ahead of most businesses out there. But seriously, this puts you in a prime position to benefit from paid advertising, because what you now need to focus on is maintaining this awareness and staying top of mind. Carefully placed digital, radio, television and/or outdoor advertisements with help you to continue to capitalize on what you’ve worked so hard to create.

What I hope is an obvious disclaimer is that every business and its particular situation is different. While I hope to provide some helpful, general advice and a starting point for your strategizing, it’s important to seek the help of experienced ad/PR professionals who know your market, understand your target audience and can help direct your messaging through the most effective channels.

Do you have another question related to how advertising and public relations are different, yet also work together? Join in the conversation by leaving a comment below.

 
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Posted by on October 29, 2018 in Business & Success, Life

 

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How to Scale Your Business as a Sole Proprietor

How to Scale Your Business as a Sole Proprietor

As a sole proprietor, you can feel like a “one man band” in your business. While there are certainly perks of running a lean operation where you answer only to yourself,  when it comes to growth, it can be hard to figure out the right way to scale your business.

After all, many people would suggest the solution is simply taking on more employees or infrastructure. But that isn’t your only option to grow. Learn from my tips for growing a business without growing your overhead.

Know Your Target Market

As a business owner, we often look at our target market in the broadest possible sense. But when you feel like you’re just about at maximum capacity for workload, you need to get smarter about knowing who your true target market really is. Quite literally, you need to raise your standards. This means focusing on people or businesses who are most likely to engage with you at a higher level, sign you in to larger, longer contracts and allow you to become efficient in the work you do from them because it’s predictable or residual.

When marketing to new clients, or when prospective clients approach you, it’s important to walk away from something that isn’t a good fit and risks pulling your attention away from clients who are.

Keep Your Bandwidth Clear

I’ve written about bandwidth before and I’ll say it again here. The most common way I see people waste time, and as a result turn away new jobs, is because they allow tasks, that can and should be completely quickly, consume their whole day or week. Every day I outline the core tasks that “must” get accomplished that day in order for everything else to stay on track. Usually this is no more than two or three items – very doable. But I stick to it! I don’t let these tasks slide into the next day just because they technically can. I wrap them up and clear my bandwidth for the next day because, more often than not, a new project comes across my desk and I’m then ready to capitalize on the extra income.

Raise Your Rates

It can make business owners uncomfortable to be faced with the decision to raise rates in order to increase income. In fact, I see most business owners try to do anything else but raise their prices, even if it means using more of their time or decreasing their margins. That doesn’t really make sense!

As I’ve found out from experience, if your project workload is so full that you don’t think you can take on one more client, you need to raise your rates. Why? Because you’re priced almost too competitively if every business around town is knocking down your door. It means you’re a steal of a deal. In most cases this isn’t a bad thing, don’t get me wrong. But if you want to make more money without taking on more overhead or employees, you need to get comfortable with raising your rates to naturally eliminate your lower paying clientele.

If you’re honest with yourself, you know that these are the clients that eat up most of your time anyways. By raising your rates, you put yourself on a new playing field where you can charge more for your time and do more of the work you love for you the clients you’re passionate about serving.

Work Smarter

My final piece of advice, and it’s something you’ve likely heard before, is to work smarter, not harder. If you want to create more time in your day, you need to carefully examine your current processes and work style in order to identify the things that are sucking up time without producing results.

Maybe you’re putting way too much time into creating client proposals. Make this more efficient and streamlined! Maybe you’re giving away hours of your day at coffee meetings and networking events. Learn the art of saying no and focus on only the activities that stand to bring in direct income. When you make a conscious effort to clean up your business’s processes, you’ll be surprised by how hard you’ve been working, without really being smart about it.

Are you a sole proprietor or simply a business owner looking to maintain a lean operation? Share the ways you plan to strategically grow your business without taking on more employees or overhead!

 

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How to Stay Focused While Working from Home

How to Stay Focused While Working from Home

It’s becoming more and more common for people to work from home, either full-time or even just a few days per week. If your career allows you to work virtually, it’s likely you’ve found yourself trying to be productive at home only to be derailed by a myriad of different distractions.

For the last seven years, I’ve grown my public relations business while working exclusively from home. During different periods of time, that included juggling work with infant babies at home and trying to schedule conference calls around nap times. The good news is, I survived! And throughout my experience working from home, I’ve developed quite a few tips and tricks to that have helped me to stay focused and productive.

Here are my go-to tips for staying focused and making the most of your time when working from home. Take a look!

Make a Mental Commute

When you work from home you don’t have the benefit of a commute. Maybe you’ve never viewed a commute as a benefit, but think about it for a moment. Physically moving from one place to another gives you the mental separation of work and home. During your commute you can get yourself in a “work” mindset. When you work from home, however, you have to make a conscious effort to change from your “home” mindset to your work one.

One tip I highly recommend is having a dedicated office space that feels separate from the rest of your house. This allows you to “commute” to your office and on that commute you can clear your mental space and walk into your office ready to work.

Stick to a Routine

Sure, working from home gives you extreme flexibility in your schedule, but this can also be a trap. To be effective when working from home, it’s so important to stick to a routine. There will certainly be days where this routine will be disrupted, but for the most part you must establish a core routine and stick to whenever you can.

Pick a routine that fits your personality and workload. Are you more effective in the early morning or do you thrive in the afternoons? Unlike a traditional office environment with a strict 9-5 schedule, you get to set your own schedule. However, once you set one, let it give your day structure and stability.

Set Your Work Hours

Along with setting a routine, you also need to establish your work hours. When working from home, it’s easy for work and personal life to blend together. If you’re not careful, you’ll find that you’re never fully present in either space, because you can’t separate the two. By setting work hours, you’ll know that from 7am until 3pm (or whatever you choose) is the time to focus exclusively on work-related tasks. Outside of that time, you must train yourself to put work aside, stop checking emails and shift your focus to friends, family and yourself.

Resist Chores and Errands

During your set work hours, resist any and all temptations to dive into tasks that are not directly related to work. I’ll admit that when working from home, I’ll throw in a load of laundry, put away dishes and tidy up some rooms as I walk through. These are small and necessary tasks that shouldn’t divert you from more than a few minutes of work time. The tasks I’m addressing here are the ones that can sabotage your work productivity for hours. Tasks like sorting out your closet, reorganizing a room or running personal errands can steal hours away from your day and can reasonably wait until the evening or weekend.

Give Yourself Small Breaks

Although you want to squeeze the most you can out of every work day, you can only accomplish this by giving yourself small breaks. Why? Because no one can be productive 100% of the work day. We all need mental and physical breaks in order to return back to a task and be even more productive than we would be otherwise. Trust me on this one. Allow yourself short, timed breaks where you can get some fresh air, stretch your legs, get a snack or cup of coffee and then return to your desk ready to work again.

Close Up Shop!

Finally and most importantly, when you’re done for the day – be done! Don’t linger around refreshing your inbox and fishing around for people to ask you for something. Disconnect, go offline and enjoy your time off. After all, you’ve earned it! The best part of having a productive work day is that you can close up shop knowing the most important tasks are taken care of and everything else can wait until tomorrow.

Do you work from a home office? How do you stay focused throughout the day? Share your tips and best practices by leaving a comment below!

 

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5 Things Consultants and Freelancers Need to Stop Doing

5 Things Consultants and Freelancers Need to Stop Doing

As a Public Relations consultant, I work with a lot of other consultants and freelancers. The majority of these interactions are fun, inspiring and seamless. However, over the last seven years I’ve run into some consultants and freelancers who do things a little differently.

Don’t get me wrong; I love people who think outside the box. However, when it comes to how some consultants and freelancers bill, I get a little discouraged when I see practices that take advantage of clients. In particular, there are five billing practices that quite frankly I find to be cheap shots. And for this reason, I never do this to my clients or other partners I work with.

Learn what they are!

  1. Making sales tax an added line-item

For many purchases, seeing sales tax as a line item on your bill is a pretty standard thing. When it comes to how consultants and freelancers bill, however, I find it a bit tacky to make sales tax an additional line item. Just include it in your hourly rate! Sure, you might feel like you’re making 6% more on every job, but I promise you’re turning off future business that would result in a lot more income long-term. Unless you’re selling someone and actual product or good, adding on sales tax feels like you’re grasping for more dollars.

  1. Billing for an initial meeting

As a business owner, you know you need to invest in business development. And yes, this means sitting through a ton of coffee meetings and networking mixers. I never charge a client for an initial meeting, unless it’s specifically scoped out as a service with deliverables – and we’re all clear on the cost and terms. I’ve seen some consultants and freelancers charge their hourly rate for an initial meeting. Especially if that first meetings turns into more work, it’s best to chalk that time up to business development and build trust with your client by not immediately slapping them with a bill. After all, they didn’t bill you for their time to meet with you!

  1. Billing for answering emails and phone calls

Maybe even worse than billing for an in-person meeting is billing for every phone call and email you answer for a client. I’ll admit, I’ve run into some long-winded and chat happy people who require more of my time than others, but unless email and phone responses are scoped out in a proposal, I don’t sneak that into a client’s bill. If you’re truly bothered by answering client messages, or you feel like they’re getting out of control, the better thing to do is address it head on with your client and set boundaries for your time.

  1. Padding time sheets

Over the last seven years, I’ve gotten a pretty good feel for the amount of time it takes to complete certain projects. It’s pretty essential to giving clients accurate proposal, remaining competitive and staying on budget. What this also means is it’s easy to identify when another consultant or freelancer is listing really high hours for a job you know couldn’t have taken that long to complete. I’ve gone to bat for my clients a time or two to challenge how it takes 2.5 hours to switch out one word on a graphic. The best way to earn more money is to do good work, and more opportunities will come. Padding a time sheet will only help momentarily, then clients will catch on and move to the next freelancer with more reasonable costs and billing practices.

  1. Going over budget without notice

My final pet peeve is when consultants or freelancers give you a proposal for the scope of work, but when it comes time to invoice the price has increased – and without notice. I fully understand how projects can expand beyond the initial scope of the proposal, but again the right way to handle this is communication. Inform the client as soon as they’ve exhausted your scoped hours and ask them how they wish to proceed. Better yet, give them a budget for the additional expense to finish the project the way they want it done. More often than not the client will give you the green light to proceed, but it makes a huge difference to get permission, and to be upfront about the larger invoice that will be coming their way.

Do you have another pet peeve to share when it comes to working with consultants and freelancers? Join in the conversation by leaving a comment below!

 
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Posted by on September 24, 2018 in Business & Success, Life

 

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20 Fun Facts About Bennis Public Relations

20 fun factsI love sharing insights into the business I started more than seven years ago, Bennis Public Relations. At just 23 years old, I was well aware I didn’t have everything figured out. Actually I was pretty certain I knew nothing about the entrepreneurial journey I was about to embark upon, but I was certain I was passionate about following this calling and would do whatever it took to make this a successful career.

On a fun and light-hearted note, I want to share some of the little known facts about Bennis Public Relations, and me personally. Entrepreneurs are quarky people, and I am no exception. So as I draw back the curtain a little further, I hope you’ll get a kick out of these facts that are fun, interesting and maybe even a bit strange.

1. My business is named after my maiden name, and my son is also named Bennis. I love that when he gets a little older he’ll realize the business I started from ground up and poured a lot of passion into, also shares his name. Hey, maybe he’ll take it over someday?

2. Less than 2 months after I started this blog on WordPress (as a trial for my own blog building services) I was featured on WordPress’s homepage and as a result I got almost 7,000 views in 1 day. August 24, 2011 still holds my record for most views.

3. My only overhead expenses are $10 a month to Hootsuite and $40 per year to the PA Public Relations Society. Almost unbelievable I know, but it’s true. I don’t pay any other subscriptions, memberships, fees, payroll, rent, etc. (Taxes are a whole other story, of course). I love running a lean business!

4. I have no desire to have employees. I continue to grow every year without having to hire employees by raising my hourly rates, taking on new clients and finding ways to be more efficient with my time. It’s just me (and my network of vendors) and that’s how I like it.

5. One of my titles is the Executive Director of the Carwash Association of Pennsylvania. That’s right, CAP has been my client for several years and for the particular services I provide to them, I serve as the E.D.

6. I rarely work more than 6 hours per day. Again, I LOVE efficiency and I love that with my business model, the more efficient I am, the more time I have to devote to other passions and projects. Some days/weeks I work well over that! But I know those long hours every so often afford me short work days most every other day.

7. When I first started my business, I had just enough clients to pay the rent. I hadn’t figured out how to pay for other expenses or even taxes when I made the entrepreneurial leap to quit my former job. But I hustled hard and went into survival mode. That work ethic had afforded me what I have today.

8. I have successfully turned nearly all “competition” into partnerships and collaboration opportunities. I love meeting with other PR professionals because nearly every time I do I’m able to identify our unique differences and turn them into collaboration opportunities.

9. I started doing freelance public relations work when I was still in college. During my senior year at Penn State University, I met a professional speaker and best-selling author through one of the events I planned through an internship and he and I started doing work together that last for about 5 years. He’s how I bought my first car!

10. My husband is a serial entrepreneur too. Between the two of us, we run four businesses. His current and largest venture right now is a tech startup that provides performance-based fundraising – and it’s changing the world! Read the stories at http://www.pledgeit.org and you’ll see I’m not exaggerating.

11. Throughout running my business, we grew our family by two sons. As an entrepreneur, I can’t really take a maternity leave, so I literally never missed a day of work, even if it meant answering emails from the hospital (yes I packed my laptop in my hospital bag). It’s one of the hard truths of running our own business, but the payback is so worth it!

12. My dad is part owner of Bennis Public Relations. He gave me the money I needed to fully incorporate Bennis Inc. in 2011. He jokes that Jeff Bezos’s dad was the first to invest in Amazon. I don’t know if I’ll afford him quite that payback!

13. My cat, Pinot, has been the closest thing I’ve had to a colleague. She’s been with me since day 1 of starting Bennis Public Relations and lays by my side just about every time I open my lap top to write. She’s also been my most popular blog topic by far!

14. Most of my friends and family have no idea what I do. I’m not offended! Unless you’ve studied it or work in the industry, public relations doesn’t really fit in a standard “box” especially with how it’s evolved thanks to technology. I usually just say I do a lot of writing, and leave it at that.

15. As far as I am aware, I’ve never run into a roadblock for my gender. In the day and age when everyone is shouting “the future is female,” I’ve never found I needed to apologize or compensate for being a female business owner. I simply let my work ethic speak for itself. In fact, I’ve beat many male businesses for different jobs, not based on gender, but based on the ideas and follow-through I bring to the table.

16. A lot of people confuse me with a publicist. Frankly, I think I’d make an awful publicist. While I have worked with people to enhance their personal brand, I most commonly work to enhance the communications and branding for businesses and organizations.

17. In high school I was voted “Most Likely to Succeed.” I thought it was silly at the time – and my mom thought it was pretentious and borderline offensive. Now looking back, I think that title may have subliminally inspired me. And though I didn’t get “Best Dressed,” I think this one has served me a lot better.

18. Though I have a dedicated home office (behind a hidden door to boot) and several office locations in downtown Harrisburg I can use as I wish, I prefer to work from our home living room. I’m a creature of habit!

19. I still have my very first client on retainer – that’s been 7 years now! The work has ebbed and flowed over the years, but I love being able to say I have the consistency of working with clients for many years, some even from the start.

20. And for #20 the fun fact I want to end with is that I’m proud to say I have had the privileged to serve 100+ clients from coast to coast in just seven short years. It may sound crazy, but I serve 25 different client accounts monthly, with many more one-time projects scattered throughout. Entrepreneurship has been a crazy one, but I wouldn’t change it for the world!

So now that you know a little but more about what shapes me, and as a result by public relations business, what fact do you find more interesting? Or maybe you’d like to share your own quarky and random fact.

Join in the conversation by leaving a comment below!

 
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Posted by on September 10, 2018 in Business & Success, Life

 

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How to Create the Job You Want

The first Monday of each month, I dust off a favorite post from the Bennis Inc Blog archives and give you another chance to enjoy the wit and wisdom that’s been shared. Enjoy this month’s treasure – and if it inspires you – be sure to share it with family and friends!


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Now entering my seventh year of managing my own Public Relations firm in Harrisburg, Pennsylvania, I’ve learned quite a few things about creating the job you want.

I was fortunate to have the realization early on in my career that my dream job didn’t exist. If I wanted it, I had to create it. So I did. That sounds simple enough, but I will be the first to tell you it was anything but simple or easy. That’s not a reason to continue with a job you dislike, if anything it should be motivation to buckle up for the wild ride of entrepreneurship, if you feel this is your calling.

Maybe you’re ready to take the leap, or maybe you’ve only just begun to wonder what being an entrepreneur could look like for you. No matter where you are on the journey, let me offer you some advice on how to begin creating the job you want.

Confirm it doesn’t already exist

Do your research! Does the job you want already exist? It’s possible your current company or another company offer a role that’s close to exactly what you want, but you just need to work to get there. That’s great! Establish a plan for how you you’re going to move toward this role. There’s no need to take on the added stress and complication of trying to recreate your dream job if it already exists.

In contrast, your research might confirm that your dream job is something so unique you must forge ahead as an entrepreneur to create it. Knowing that no other job currently out there matches the job you want should give you inspiration and drive to move forward with the career of self-employment, because not doing so would mean compromising your dreams.

Get real about what you want

Okay, so you have a clear understanding of whether the job you want already exists or whether you need to create it. Now it’s time to be honest with yourself about what makes this job so appealing to you. Is it the expected pay, flexible work schedule, power, purpose, fulfillment or something else? If in this process you discover the job you want is really centered on a perceived salary or title, this should be a red flag that maybe your priorities are a bit skewed.

Entering entrepreneurship is not for the faint of heart, or the mildly committed. To be a successful entrepreneur, you must want it with every fiber of your being. You will never stick with it long term, through the highs and lows, if you’re only in it for the pay or power – those don’t come for many years, if at all. Get real about what you want out of your dream job and check your priorities again and again.

Then, get real about why you want it

Similar to the point above, once you know what it is you want out of the job you’re going to create, take it one step further. Ask yourself “Why do I want it?” If you can’t confidently answer this question, that’s another red flag that maybe you’re not cut out to forge your own career path outside of the corporate box.

While there are no “correct” answers to this question, the following answers are often good indicators that you’re entering entrepreneurship for the right reasons: I want to make a difference; I want to control my own destiny; I want to apply my passion toward a purpose; I want to maintain a better work-life balance. Be crystal clear about what you want out of your dream job and why you want it.

Talk with someone who has already done it

Next, I urge you to talk to someone who has created the job they wanted and have progressed along this career path for five years or more. They are going to be a wealth of knowledge to you as you consider creating the job you want. They can also help assess your business model, motives and drive to help determine if this is the right choice for you at this time in your life. If you find someone who really inspires you, ask them to mentor you on your entrepreneurial journey!

Develop your model

To create the job you want, you need a clear business model for how you’re going to make a profit. Are you selling a product or a service? Who are your target customers? How will you promote your business? What is your expected overhead? How can you minimize this, especially in the first few years? Work to clearly outline your business model, because you’re going to need it for the next critical step.

Test your model

Yes, you have to first test your business model to prove it works. A lot of business opportunities seem great in theory, but what if you’re answering a problem that doesn’t exist? Or what if you’re pricing model sucks? Fully commit to creating the job you want by fist doing a soft launch of your business to test the market. Is your marketing strategy attracting new customers? Can your friends or family offer constructive feedback? First testing your business model, and further refining it before your full rollout will help you present a more professional and polished first impression of your business.

Commit fully

This is the most important step in creating the job you want, and the biggest determination of whether you will fail or succeed. Will you commit fully to your dream? I said it above and I’ll say it again, entrepreneurship is not for the faint of heart. Daily you will experience, setbacks, uncertainties, crises, losses and criticism. If you are anything but fully committed, this will surely have you headed for the hills and back to the corporate world before you complete your first quarter.

Keep in mind that the first five years of running your own business is still its infancy. That seems like a long time, but if you’re in this for the long-haul it will be only a blip of the full history of your career. Don’t allow yourself to give up in those five years; push through. Think of it as a hike up a steep hill. Those first few miles really test your endurance. At times you will think it’s better to turn around before you’ve reached the top. But I promise you, if you can make it five years creating the job you want, you will see some magnificent views along the way and be rewarded with renewed strength and commitment to keep forging ahead, higher and higher.

What’s your dream job? How do you plan to pursue it? Share your personal career goals by leaving a comment.

 
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Posted by on September 3, 2018 in Business & Success, Life

 

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