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Moment versus Momentum: Learning to Harness Fleeting Inspiration

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!


this is the signWhile pursuing a career in the uncharted territory of entrepreneurship, I frequently encounter other entrepreneurs along my journey. Some are decades ahead of where I am (and hope to be) and others are merely minutes into their decision to take the leap.

Among this group of individuals, the veteran entrepreneurs always seem to have at least one quality in common regardless of industry or age—they have momentum. For the greener entrepreneurs, I struggle to assess whether they possess this same momentum or whether their inspiration is merely a fleeting moment. The difference in the meaning of these two words – and the effect they have on the success or failure of a dream – is far more profound than two little letters. Rather this “um” holds the inspiration, the drive and the courage to turn a single moment into a momentous career.

Is your dream a mere moment or does it carry momentum?

Among your friends and acquaintances, think about those who you would consider a dreamer or an entrepreneurial spirit. Chances are you have a variety. These people are likely different, each with their own qualities that earn them a spot in this category. Now think about those in this group who have taken a goal or idea and are in the active process of taking it to the next level. Chances are this no longer applies to everyone you originally thought of. Maybe those that don’t fit this description more accurately fit the description of coming up with brilliant and creative ideas one day, but then you never hear or see anything more about it.

This is the truest differentiation I can illustrate for you between moment and momentum. I, too, have contacts that I would consider entrepreneurs at heart, but this doesn’t mean every one of them has become a real life entrepreneur. Instead, there are those who think of innovative ideas all the time, but I’ve learned to not get too excited for they’re just having “a moment.” By the next month or even the next day, the big plan for a life change has already been forgotten as quickly as it was conceived.

How do we harness this moment of inspiration and turn it into momentum?

At the root of this problem are the differing qualities of each individual. Not everyone is meant to be an entrepreneur, just like not everyone is meant to be a doctor or a rocket scientist. We all have different strengths and for some, this is taking an idea from conception to completion. For others – this is a weakness. But just like how you were told when you were little that, “you can be anything you want when you grow up,” you CAN become an entrepreneur and find your inner momentum regardless of prior failed attempts. You have at least two options to better harness your moments of inspiration and turn them into something more substantial.

First, you can commit to making a personal effort to stop the bad habits that have led to loss of momentum in the past. This includes procrastination, lack of confidence, fear of hard work or fear of failure. Just as you would commit to quit smoking or lose weight, changing any existing habit takes energy and effort. Pick a single, well-defined goal and create a timeline of specific actions. When I knew I wanted to begin my own business, I defined all the steps I had to take to reach the point of leaving my former job. I knew I needed a functional web site, enough clients to pay the bills and to register myself as an official business with the government. And so I added these to my timeline and was specific in the actions I had to take to achieve them. Every day I would assign myself one immediate thing I could do to further this timeline, whether it was sending an email to a prospective client or creating a blog. These immediate action items prevented me from falling victim to procrastination or overwhelm because they kept me on track and made me feel accomplished each and every day. Over the course of a week and then a month, these actions ultimately came together to achieve my bigger goal. I still use this tactic when I’m in a phase of business growth.

If you’ve tried or are trying to change your habits to become a person of momentum, but it just isn’t picking up as quickly as you’d like – it might be time to consider the second option. You can team up with another person or group of people who will provide complimentary skills to help turn an idea into reality. Not every business is a sole proprietorship and that’s because sometimes working together is the only way to achieve a goal of a certain scope or size.  If you have an idea for a product, but have no knowledge or direction on where to start with manufacturing it; find a partner who can provide expertise and connections in this area. A partner or team will also keep you accountable to your ideas and actions. It’s not so easy to let a dream fade if the dream is shared by many different people.

In talking with even the most successful entrepreneur, I would be shocked to hear that they never once had a failed idea or fleeting inspiration prior to their current business. To find our true calling, we must allow our mind to wander as creatively as it chooses without feeling pressured to turn every idea into reality. But when you do dream up an idea that you can envision changing your world, or the world of many others, you must find a way to harness this inspiration and keep it moving. Sometimes all it takes to turn a moment into momentum is the willingness to change yourself or team up with others…and of course a little “um!”

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7 Tips for Productive Conference Calls

7 Tips for Productive Conference Calls

Conference calls sound like a great idea. For a lot of reasons, in-person meetings just don’t work. People’s schedules and locations can make it virtually impossible to get together face-to-face. However, conference calls are far from a perfect solution.

Having participated in countless conference calls, I can confirm that just about everything that happens in this following video has been my experience. Even if you’ve already seen this video, you know how good it is. Watch it (again).

So what is the solution to overcoming the many hurdles surrounding unproductive, awkward conference calls? Mostly it’s organization. When I’m tasked with leading a conference call, I follow these seven simple rules to make the most of everyone’s time – and accomplish the goal of the call.

  1. Create a calendar invitation.

Simple, yet so often forgotten. When a group of people agree on a conference call date and time, someone needs to take the lead to send a calendar invitation to everyone. Why? Because people can’t be trusted to take this step on their own. Inevitably, it will slip their mind and they’ll either forget the call entirely or be scrambling to find the phone number and passcode. Reduce the number of “Hey I can’t find the conference call information, can you resend it to me?” emails you’ll have to answer by letting your online calendar serve as a reminder.

  1. Send reminder emails.

Speaking of reminders, yes you’ll need to do this at least twice leading up to the call. I’ve found that I can greatly increase conference call attendance (especially for large groups of people) by combining the calendar invitation with reminder emails. Key times to remind people are a few days before the call. For example, if it’s a Monday morning conference call, send a reminder email on Friday before everyone mentally clocks out for the weekend. For an afternoon conference call, I’ll remind people that morning so they include this obligation on their list of to-do’s for the day. If you really have a busy/forgetful group, send a final reminder within the hour of the call taking place. That way the call information is right in front of them and they have time to wrap up that other work project that may have gotten in the way.

  1. Have an agenda.

I’ll say it again, organization is the key to running a productive conference call. This starts with a focused agenda. Make sure someone is tasked with creating an agenda for the call and circulate this agenda with each of your reminder emails. When participants can follow along with the discussion items, this keeps them engaged and prevents the conversation from drifting all over the place (mostly). Most importantly, you won’t forget to cover an important item, reducing the number of follow-up calls or emails you’ll need to have.

  1. Designate a note-taker.

With an agenda, note taking is easy. However, the biggest mistake people make is not designating who will take the notes and send these notes to the group after the conference call. The designated note-taker should not be the same person leading the agenda. You want to pick someone who doesn’t need to speak a lot during the call. Also, the note-taker should be someone who pays attention and is detail oriented. It’s easy to miss things on a conference call if you’re not paying close attention and asking for clarification, when needed.

  1. Be mindful of time.

Just because you have an agenda to follow doesn’t mean you can let discussions go on and on and on. Set an expectation for the duration of the conference call. Most commonly this is one hour. Schedule it as such on your calendar invitation so everyone blocks off the appropriate amount of time. Next, stick to that time. If you’re a half hour into the call but only on your first agenda item, you need to wrap up discussion or make the decision to quickly move through your other agenda items. Long, drawn-out conference calls are likely to have attendees drop off or find reasons to avoid future calls. Keep things short and focused.

  1. Set a date for your next call.

Before you adjourn the meeting, be sure to set the date and time of your next call (if needed). Not doing so while everyone is on the call is a huge missed opportunity. This way you can quickly get everyone’s input on availability and avoid the dreaded “reply all” emails of everyone hashing out their schedules. Additionally, you can prompt everyone to add the next conference call to their calendars and you can include the reminder in your meeting recap email.

  1. Email a meeting recap with action items.

Finally there is the meeting recap email. This is possibly the most critical piece of a productive conference call. It’s convenient for the note-taker to be the one responsible for sending out the meeting recap email. This should include a really boiled down summary of the call notes. I strongly recommend assigning names to action items and making this font bold and red. People will clearly see what’s assigned to them. Give these action items a deadline. Finally, remind people of the date and time of the next call.

By doing each of these seven things, you are far more likely to run a productive conference call in which people will willingly participate. Best of all, you’ll actually get things done, rather than spinning your wheels and wasting hours of your work day!

When you participate in a conference call, how highly would you rate productivity on average? Share your favorite tips for making business conference calls more efficient and productive by leaving a comment below!

 
 

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Revealing Character Through Communication

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!


textingDuring the steps along my career path, I’ve encountered some truly great communicators who were friendly, organized and a pleasure to work with. As with any balance to life, I have also encountered a memorable few who were quite the opposite – impatient, rude and condescending. I used to take negative communication very personally, wondering what I could have done to make it a more pleasant experience, but have since reconciled that it had little to do with me. I wasn’t giving the person the answer they wanted (maybe I wasn’t the right contact to address their request or maybe it simply couldn’t be done). And because of this, they felt as though they could treat me with less respect or professionalism than someone who could offer them immediate solutions.

I continue to encounter similar styles of communication from time to time and it really grates on me. I believe that character is best demonstrated by how you treat those who can do nothing for you. Therefore, these incidences are a reflection of a character flaw that many people may be unaware they exhibit. I’m sure I am not exempt from this – a lapse in my communication may have left someone else feeling brushed off or belittled at one point or another. In an effort to put an end to unprofessional communication, I want to examine the following key points to shed light on why this is such a critical problem:

The importance of always being professional

It’s a small world. We all know the meaning of this phrase as we have likely had the experience of running into contacts again and again through similar circles or completely unrelated circumstances. This is a reminder to me every day that my reputation is my most valuable business asset. Whether you live in a big city or a small town, you can’t afford to burn bridges if you want to be successful in your career. Nothing slows down business growth faster. The importance of always being professional when communicating with customers or vendors is realizing that you may very likely have to deal with them again. Don’t ignore this important lesson! Most of the unprofessional communicators I’ve had to deal with have popped up in my life again, needing information or services from me – often with their tail tucked between their legs.

Identifying the subtle negatives

Sometimes the worst communication experiences are hard to identify because they’re subtle, yet leave you with an overall feeling of hurt, frustration or anger. It may be hard to pinpoint the exact reasons the conversation was so unpleasant, but the feeling it leaves you with is real nonetheless. The subtle negatives I’ve most often identified have involved someone exerting their power or position to make me feel dumb or incorrect about an answer I have provided. Another common subtle negative is someone being bossy or aggressive in their tone and in the type of services they demand. In less subtle situations, I’ve had people outright yell at me, hang up the phone or threaten me in various ways (chalk this up to some good old political campaign experience). Most often negative communication can be identified in someone’s tone and word choice. Even if you have something negative you must communicate – and this does happen – there are various ways to still make it a positive communication experience overall. There’s no excuse.

Letting someone know when they’re being unprofessional

This is a difficult subject to breach. No one wants to directly confront someone else about their attitude or negativity because it can be, well…scary. We’re more willing to put up with the unprofessionalism and belittlement than we are willing to tell someone they’re just being rude. The risk is that we end up looking rude in return or that we anger them even more and the communication further declines. If the negative communication is subtle and you’re not sure if they even know they’re coming across this way, it’s important to handle the situation softly, but directly. Let them know that it’s how they’re making you feel rather than accusing them of being outright mean. No one can argue with how you feel and hopefully even if they don’t want to recognize that their actions are causing this, they will at least be professional enough to make an effort to change. On the other extreme, if someone is being unprofessional to the point of yelling or insulting you, then you must also address this directly, but more firmly. Identify specific examples in which their communication is unacceptable (swearing, yelling and hanging up a phone are never acceptable in my mind) and let them know that you will have to cut off further communication if they can’t approach the situation more professionally. Hopefully such instances are rare, but it’s important to know how to speak up to put and end to it.

They key concept worth taking away from all of this is that character is best demonstrated by how you treat those who can do nothing for you. Negativity is never acceptable even if you realize you’re “only” dealing with an office administrator, assistant or intern. Most often, these are the gatekeepers for who you really want to be talking to. As I said before, it’s a small world, so be sure to be kind and professional to everyone you encounter. It truly takes no more (maybe even less) effort than it does to be rude and when the world connects you with them again you’ll be glad you have a friend, not a burnt bridge, to work with.

 

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How to Get More Positive Customer Reviews on Social Media

social media reviewWe live in a day and age when most people turn to technology to answer just about any question they have. Siri, Google and Alexa are usually within arm’s or ear’s reach to answer everything from “What’s the weather in Seattle on Wednesday” to “When was George Washington’s birthday?”

Not receiving immediate input on something drives us crazy! Think about the last time you couldn’t recall an artist or song title. You likely went straight to technology to provide an answer, rather than waiting for it to eventually come to you.

Let’s not forget about social media. We spend an increasing amount of time on social platforms where we absorb a wide variety of information from life’s most previous milestones to utterly useless, yet highly entertaining videos and articles. What’s important about social media to ecommerce businesses is its influence over people’s buying habits. And while sponsored posts and advertising campaigns will continue to be highly influential, people will still gravitate toward a business’s customer reviews on social media before they ultimately purchase a product.

According to this infographic created by 16Best.net on “Social Networks and their importance in Ecommerce Gateways,” positive social media reviews increase the conversion rate by 133% for mobile shoppers. Additionally, the more people that positively respond to reviews through comments and likes help to improve the brand perception for 71% of shoppers. Positive product reviews also bump up a product price by 9.5%.

how social reviews increase sales

It’s clear that positive customer reviews on social media pack a powerful punch for increasing brand value. But this begs one very important question…What can I do to get more positive customer reviews on social media?

  1. Foremost, focus on delivering exceptional service. Don’t fall into the trap of misplacing your focus on simply collecting as many customer reviews as possible. Your primary focus should be on delivering quality and satisfaction to your customers. As a result, these happy customers are going to be far more inclined to take the time to leave a review.
  2. Make your product review process easy and immediate for customers. Identify your most influential social media platform and direct your customers to leave reviews there. Customers don’t have the patience to leave reviews on 5 different sites, so be sure your call to action is clear and direct. Next, make sure you spell out the process for them in minimal steps. If you email them asking to leave a review, include links directly to the page to leave a review. Keep it short, make it easy and you will earn more customer reviews on a consistent basis!
  3. Give customers an incentive. We live in a “What’s in it for me?” culture. Applying this to customer reviews means to want to offer an incentive to leave a timely and helpful review of your product. Some business offer a discount or free sample as a thank you. Think about what’s feasible for your business and be sure to promote this incentive.
  4. Don’t expect it to happen organically. Very few customers take it upon themselves to offer a product review without any sort of ask or reminder to do so from the business. Furthermore, these unsolicited reviews tend to be polarizing – either very positive or very negative – because those extreme cases are when most people feel the need to provide a review. Don’t miss out on the “silent majority” by failing to directly solicit customer reviews as part of your marketing strategy.
  5. Monitor and respond to customer reviews. Make sure that someone in your business is assigned to monitoring customer reviews. For the positive ones, respond with a thank you or possibly follow-up with the customer to see if they have the potential to be a brand ambassador. For negative reviews, also be sure to follow-up quickly to address any issues and right the customer’s wrongs. In doing so, the customer may choose to leave a follow-up review that’s positive. If nothing else, other people browsing your reviews will see your commitment to customer service which will counteract the review’s negative impact.
  6. Show gratitude! Thank each and every customer for their review, either by commenting on the review or sending them a follow-up email. If you choose to implement an incentive program, this provides the perfect opportunity to touch base with the customers and offer thanks when you provide them with their discount or sample product.
  7. Integrate customer reviews into your marketing strategy. After investing your time, and possibly some free products to build up your customer reviews on social media, be sure to get the most out of them by integrating your reviews into your ongoing marketing strategy. You may choose to share some of the reviews on your website, in e-newsletters or feature them as part of your paid social media advertising campaigns. Given how influential customer reviews are to ecommerce, you want to put a spotlight on the great ones to increase the impact they have on new customers.

Are you struggling to engage your customers to consistently leave reviews on your social media pages? Share your hurdles or ask a question so we can help lend some advice!

 
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Posted by on February 26, 2018 in Business & Success, Social Media

 

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5 Ways You Are Spreading Negativity Without Knowing It

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!


5 Ways You Are Spreading Negativity Without Knowing It

Would you consider yourself to be a positive or negative person? Most of us would like to identify with being a friend or co-worker who brings positive energy to the world around us. The struggle is that so often we allow negativity to creep into our thoughts and actions and before we know it, we are spreading these thoughts without realizing we are doing so!

What are the common ways we spread negativity and what can we do to consciously stop this bad behavior? Here are five examples that should ring true to all of us in some capacity.

Using the phrase “no problem”

Think about how we answer a request, whether it be for work or when talking to a friend or family member. A common response we use is “no problem.” This is often meant in a pleasant and helpful way, so then why are we framing it in the negative? Saying “no problem” implies that whatever you did for that person could have been a problem, but that you were willing to sacrifice or overlook that.

This phrase has become so much a part of our culture that we don’t often realize when we’re saying it or how often. Yet, as soon as you start to look for it, it crops up everywhere! It spreads negativity discretely and indirectly by making someone feel like you’ve done them a favor or that they might owe you in the future. Rather, we need to shift to responding with positive phrases like “my pleasure” or “I’d be happy to.” This small change can have a profound impact on the way you communicate with others and how they perceive your motives to help.

Focusing on the negative percent

Another sneaky way we let negativity creep into our daily lives is how we interpret percentages. Even though a 20% chance of rain also means an 80% change of sun, the weatherperson is more likely to lead with the dismal statistic even though it’s the smaller one. In this scenario, we might be able to give them a pass for wanting to boost their ratings with interesting news, but it’s a common practice that is carried over into many other areas of life.

When we look at health statistics, we often focus on how many people are diagnosed, die or suffer as opposed to the positive percentage of how many people are healthy, alive and well. There’s a time and place for taking negative statistics into account, but so often we allow our focus on the negative to cause anxiety about something that is pretty unlikely to occur. The lesson here is to always consider both parts of a statistic. If there’s a 15% change your worst fear will come true, remember that this is also telling you there is an 85% chance you will be just fine.

Saying something is “not bad”

Has someone ever suggested something to you and you responded with “That’s not a bad idea!”? It’s pretty likely you’ve used this phrase at least once in the past month. If you really think about what you’re saying to the person, it’s quite a negative way to respond to their effort to be helpful. Saying “not bad” implies that you might have been expecting them to come up with a bad or disappointing idea, and are actually surprised they didn’t. Moreover, this phrase doesn’t give any credit to the idea being good.

Culturally, the phrase “not bad” is often used with some sarcasm. It’s pulling that person’s leg that you would have actually expected their idea, their cooking, their creative skills, etc. to be bad when in reality you had full faith in them. I’m all for sarcasm at the right place and the right time, but we have to be mindful about also spreading positive encouragement when it’s needed. In a work environment, it’s far better to respond with a more direct statement like “That’s a great idea!” or “Good thinking!” Don’t make people guess as to whether you’re being negative or just sarcastic. Say what you mean and mean what you say.

Using canned responses when someone asks how you are doing

Here’s another way you may be spreading negativity without knowing it. Think about how you respond when someone asks how you are doing. If it’s Monday, we’re likely to make a joke about getting back to the grind or feeling tired from the weekend. If it’s Friday we might say something along the lines of just getting through today and then maybe we’ll get a break on Saturday. We can find a reason to feel tired or overwhelmed any day of the week!

When someone asks how you are doing, it’s often a conversation starter. They don’t really want to hear about the moans and groans of your work week. Instead of spewing out negativity with your response (sarcastic or not), try and find just one positive thing to focus on and spread this positivity with the person who is asking. Keep it simple with something like “I’m having a really great day. How are you?” Or be specific while still keeping it short with “I enjoyed spending time with my family this weekend. Did you enjoy yours?” If you’re happy, share it! And if you’re having a bad day, sharing just one positive thing can actually help turn your day around.

Letting an issue leak into another part of your life

This final point can be the most toxic when it comes to spreading negativity. If you have an issue that you fail to compartmentalize, it’s going to leak into other areas of your life and it’s going to get messy! For example, if you got into an argument with a coworker right before heading home for the day, it’s easy to carry this burden with you throughout the evening and into the next day until it’s resolved. But in doing so, you’re bringing this stress and anxiety into your home and it will prevent you from fully engaging with your family during your off hours.

If you feel a weight on your shoulders, stop and address it. If it can’t be addressed right now (because you have to talk to someone at work or because it’s regarding an upcoming event) then you need to push it out of your mind, even temporarily, to continue living in the moment and enjoying the positivity that is around you right now. Don’t fall victim to spreading your own negativity to other parts of your life. Work on compartmentalizing these emotions and addressing them at the right moment.

Are you guilty of spreading negativity in any of these sneaky and unassuming ways? Share your thoughts by commenting below!

 
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Posted by on February 5, 2018 in Happiness, Life

 

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5 New Year’s Resolutions for Better Time Management

5 New Year_s Resolutions for Better Time Management

Some of my very first blog posts have focused on the topic of time management. I’m passionate about discovering new ways to efficiently use my time so that I can have the greatest impact on my clients while maintaining a healthy work-life balance. The reality is, it will always be a work in progress and sometimes I slide back into old habits that leave me feeling overwhelmed.

For 2018, I want to refresh my time management tools to make this year my most fulfilling one yet, both on the professional and personal sides of life. If you find that you’re already struggling to keep you head above water in these first few weeks of January, I urge you to join me in making five small, but impactful New Year’s resolutions. The common goal of these resolutions is to help you balance your life so you’re doing more of what you love, and being mentally present in the moment to fully enjoy it.

Take this resolution with me! In 2018, I will…

  1. Start my morning with a clear “inbox”

Several years ago (once my kids were finally on good sleep schedules), I began to wake up one hour earlier than the rest of my family. I used this time to wake up, drink a cup of coffee and clear out my inbox. By the time everyone else was waking up, I had handled many small tasks and outlined the tasks I needed to accomplish that day. I could then close my computer and enjoy those morning hours with my family.

By the time my husband and sons were off to their respective locations for the day, I could again open up shop and jump right into my core tasks. I found this single hour in the morning gave me so much more patience and peace of mind to be present with my family. While there may be some mornings I choose to hit snooze, I resolve this year to use this “power hour” at least 3 times per week, or as needed.

  1. Keep an organized to-do list for each day

I have always kept a rolling to-do list of every task on my plate at a given time. However, this year I resolve to take things up a notch and organize this a bit further. I find that by placing my to-do’s on a list on my computer, I no longer carry around the mental weight of trying to remember it all. I also love the satisfaction of deleting something from my to-do list.

This year, I plan to keep a daily to-do list where I can spread out and prioritize my work tasks over the course of the week. In doing so, I know that I merely need to accomplish what is on today’s to-do list to stay on track. One long list can be paralyzing to tackle. Rather, a list that breaks it down by day and order of importance is far more manageable.

  1. Manage other people’s expectations of my time

This is an important one! Typically I try and complete work tasks as quickly as I can for my clients, often giving them same-day service. While this has helped to build up a great book of business, adhering to this standard every single day is neither reasonable nor necessary. Rather, this year I resolve to manage people’s expectations of my time, both professionally and personally. I plan to assign a realistic deadline so everyone is on the same page and so that it works into my workflow without causing undue stress. I anticipate I will often deliver tasks in advance of the deadline, which is all the better for building a good reputation with clients! But having a deadline as my buffer will help me retrain myself that many tasks can wait while I prioritize other things in my day like relaxation and family.

  1. Block schedule my time

Another secret to getting the most out of the hours in my day is to use a block scheduling strategy. On days when I have one out-of-the-home meeting scheduled, I try to schedule a few others as well. There are a few reasons for doing this. First, I know I will already be out and about and professionally dressed (not always the case when working from home!). Second, having just one meeting during the day really breaks my concertation and work flow. If it’s going to get broken anyways, I may as well make it worth it by blocking most of that day out for other meetings.

On the flip side, days when I have no meetings or phone calls scheduled, I am very protective of this time and strategically plan nothing else on such a day. I know I can get into a deep concertation and plow through a lot of work tasks that would typically take me far more time if disrupted by anything else. I love these days just as much as I love my client meeting days. It’s all about balance – and something that I resolve to gain more of in the New Year.

  1. Decline or outsource tasks I don’t have the time or desire to take on

When you spend any part of your career as an entrepreneur, you quickly learn to say yes to any work that comes your way. However, once you’ve built a solid business, you need to remove yourself from the trap of trading your time for tasks that don’t pay your market rate or that you simply down enjoy. While I have gotten better each year, I want to make a conscious effort in 2018 to decline or outsource tasks I don’t have the time or desire to take on. This applies to work tasks as much as it applies to household tasks.

Consider what you time is worth. If you can work an extra hour or two and afford someone else to do something you don’t enjoy, like clean your home, it’s more than break even! Before you start turning down or having someone else take on work for you, get a good grip on your budget and understand your “hourly rate.” Then, gradually transition into letting other people help you get things done. After all, it’s an opportunity to someone else to make a living too!

Have you made a resolution for the New Year? Does it focus on time management or something else? Share what you hope to accomplish in 2018 by leaving a comment below!

 

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Dear New Entrepreneur…A Letter to My Younger Self

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!


Momsquad

Credit: Perry Media Group where I am proud to be a part of the “Mom Squad” team of fellow communication consultants.

It was July 2011 when I handed HR my two-week notice. I still have this simple letter, modeled after a template I found online when I googled “professional resignation.” I put no more effort into creating this life-changing document than I had put into what was supposed to be my “dream job” for the past 4 months.

Before taking the entrepreneurial leap to start my own Public Relations consulting business, I worked in the Pennsylvania Department of Health, Office of Legislative Affairs. The title and the perception were the only things remotely impressive and glamorous about this job, I assure you.

My tiny cubicle, stable salary and paid time off, while a luxury for most fresh college grads, all contributed to creating a comfortable prison that just might have kept me locked away until I earned my vested retirement, had I not longed for so much more.

Blame it on my entrepreneurial spirit – or foolish confidence, but I was willing to walk away from the guarantee of a stable, but unfulfilling, career for the chance at creating something so much greater.

Nearly seven years later, I thank this young entrepreneur who wasted no time pursuing her dreams. Every day I work to make her sacrifices and uncertainties worth something by continuing to grow this business while never slipping back into the monotony of a career I don’t truly love.

Like most entrepreneurs, I wish I could somehow equip my younger self with the wisdom I’ve since gained from years of experience. Though I can’t, I can hopefully inspire other new entrepreneurs to take the leap – and maybe, just maybe – change the world…or at least their own!


Dear New Entrepreneur:

I know you’re busy, and likely skeptical about the advice I want to give you, so I will get straight to the point. You know a lot; a lot more than you might give yourself credit for right now, but that doesn’t mean you can’t stand to learn a few things from a fellow entrepreneur who is a few years ahead of you on this journey.

I’m not trying to tell you what to do – I know that’s exactly what you’re trying to escape. But I would like to tell you that you’re on the right track, your gut is your best navigation device and the passion you feel today will continue to grow, despite what people may try and tell you. Please read on. I promise it won’t take long and it just might be that reassurance you’re so desperately looking for right now.

My advice to you, new entrepreneur is this…

Office space and employees don’t determine your success.

Right now you may be working from home as a sole proprietor just waiting for your first chance to lock into a commercial lease and hire your best friends. Stop looking for ways to tie yourself down and add to your overhead. This is everything you ran away from in corporate America. Learn to love the freedom and efficiency of working from home with no one to answer to but yourself. Hire fellow contractors only as you need them, get to know the best coffee shops to hold client meetings and enjoy keeping so much more of your salary – and sanity.

It’s okay to walk away from a “bad” client…even if you really need the money.

Go with your gut here. If a client tries to undercut your pricing or negotiate you into a corner, be willing to walk away. There will always be more, I promise. Yeah, you could really use the money…you always will be able to “really use the money.” The drawbacks to taking on a client that is a bad fit for your business will always cost you more in the long run than they’re willing to pay. Set boundaries and respect your values. You will learn to appreciate those “good” clients so much more!

You will always be surprised by those who want to see you succeed…and those who do not.

There will always be “friends” who you think will support you way more than they actually do. It will hurt and may make you question your decision to become an entrepreneur. Your decision is not what you should be second-guessing, rather it’s your friendship with this person. But don’t take it too hard; there will also be people you barely know that will rise up as your greatest cheerleaders. Appreciate these people and do the same for them in return!

Basic skills, like mail merging and stuffing envelopes, will be just as important five years from now.

When I first started out, I thought someday I might hire someone who would send my invoices, set meetings on my calendar and answer my phone calls. Five years later and the most capable person to handle these tasks is still me. These basic skills will always be important for running your business. Stay as hands on as it makes sense. Don’t outsource something just because you think you’re above it. Keep your overhead – and your ego – in check.

Make friends with your competition.

You will meet many other businesses along your journey that appear to do exactly what you do. Before you choose to secretly stalk their social media accounts and compare your client list, sit down and get to know them! Learning more about businesses I once deemed as competition has helped to create some of the best “power partnerships” I have. It’s amazing how once you really get to know about each other and the ideal client you are each hoping to find, you will realize you don’t overlap at all. Rather, you are great referrals for one another that can work together to help you both thrive.

Never make excuses

Mistakes will happen. Hopefully they are small, but they also might be big. No matter the size or scope, take ownership of any mistake and never make excuses. If something was truly a mistake or oversight, you have nothing of which to be ashamed. We are fallible humans, even us entrepreneurs. A reasonable client will understand this simple truth, as they are bound to make a few mistakes too. You will build credibility and trust if you own up to a mistake quickly and openly without blaming it on something, or someone else.

Only you can determine what you are worth

Deciding how you will price your services will be one of the hardest parts of running your business. You will have moments when you feel horribly underpaid and moments when you question whether you’re asking for too much. My best advice is to be strategic and remain consistent. This doesn’t mean you will (or should) charge the same rates for the rest of your life. Your experience will increase and so should your fees. But developing a strategy for how you will price your projects early on will save you from second-guessing, losing clients and losing income in the future.

Work toward creating a lifestyle, not just a business

In an effort to run a business, it’s easy to make the mistake of letting the business run you. Don’t recreate the same hell you fought so hard to leave to start your entrepreneurial journey. Take time off, travel, spend some money on fun things (all within reason, of course…it doesn’t take much)! Always keep in mind your goal of creating a particular lifestyle – one that affords you to be flexible and fulfilled – not just earning a certain income no matter the real costs.

Begin and end every day with affirmations

The entrepreneurial journey can be rough at times, that goes without saying. Amidst your efforts to be self-motivated and fearless, also take it easy on yourself when you need it. Promise to begin and end every day with affirmations as to all the things you’re doing well and that are going right. It’s easy to forget and take for granted life’s little blessings when you’re so focused on ironing out every wrinkle. Appreciate the small gestures, like a green light when you really need it, that are reasons to smile.

That’s all I have for you, new entrepreneur. It’s not all the advice I could give, but it’s all I feel you really need right now. Remember…after all, you’ve got this!

What piece of advice speaks to you? Do you have other words of wisdom to offer new entrepreneurs based upon your own experience? Join in the conversation by commenting below!

 
 

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