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7 Things I Will Never Have as a Business Owner

7 Things I Will Never Have as a Business Owner

While there are many advantages to being your own boss, there are also certain things you may never experience again (for the most part). Depending upon how you look at it, this could be a win-win scenario. Either way, now six years into running my own business, I’ve realized that there are a few things I will likely never have as a business owner.

A Day Completely Free From Work

The upside to running my own business, I can work from anywhere. The downside, I can work from anywhere. For this reason, my work followers me anywhere I have internet access. And even without internet access, it’s still on my mind. I’m not likely to ever go completely “offline” for more than a day, but that’s because I prefer to stay on top of my work and grow my business. When you’re passionate about what you do, you’re not always craving that next vacation!

Limited Vacation Days

Speaking of vacation, I can time off whenever I feel like it and as often as I want to. It still holds true that my work will be something I carry with me, but I doubt anyone feels too sorry when I’m checking emails from the Bahamas. Being a business owner is about balance. I can take unlimited vacation days, but I’m still responsible for delivering what I promised to my clients. Time management is key.

A Tax Return

I gave up hope a long time ago that I would ever see a tax return. As a business owner, I pay not only at tax time, but I pay quarterly throughout the year leading up to it. It’s important to point out that my clients don’t withhold taxes in their payments, so it’s strictly on me to make sure I am paying the fair and appropriate amount of taxes based on my income. Similar to having unlimited vacation days, I don’t expect anyone to feel bad for my tax situation. After all, if I’m paying more it means I’m earning more. But I have to laugh at the commercials that suggest I use my tax return for this or that. It’s been nearly a decade since the IRS wrote me a check.

Normal Work Hours

For better – and worse – I don’t have set “normal” work hours. It works out for the most part that I’m in front of my computer between 9 and 4, but there will be times I’m taking a 8pm conference call or I’m online at 6am to clean up my inbox. On the upside, I can also go offline for a couple hours in the morning to get in a work out, or in the afternoon to catch a nap. I’m so far removed from the concept of a 9-5 job that I doubt I would last long in that work environment again.

A Fixed Income

As a business owner, my income is anything but fixed. I have a meager paycheck I receive each month from my business for tax purposes, but I also receive distributions throughout the year however I see fit. Every year and every month, my income is up to me. I have to constantly and consistently satisfy my current clients and keep my pipeline full of new clients. In a crazy scenario, every client could decide to discontinue their services and I would be left at square one. On the flip side (and the more common scenario), I take on additional clients each month and grow my income.

It’s not common that many people can increase their monthly “salary” by a couple thousand dollars in a month by providing the same services they’re already providing to others. For this reason and many others, I love owning a business, and owning my income.

Someone Else Controlling My Schedule

Because no single client owns 100% of my time, they do not have control of my schedule. I remember my life prior to entrepreneurship where I would have someone slap a meeting or conference call on my schedule and so long as it was during normal work hours I had no leverage to push back. I had to stop whatever I was doing to be there. Now, when a client requests a meeting, they provide me with several options and I have the ability to select what works best for me. If I can’t make a meeting, my clients don’t know if it’s because of a work conflict or a hair appointment (or more commonly it doesn’t work with my toddler’s nap schedule). I control my own schedule and strategically plan my days to be efficient and convenient.

A Boring Day

As a business owner, there is no such thing as a boring day. Often the excitement comes from exceeding a client’s expectation or receiving a great lead for new business. Other times, “excitement” is the rush of an emergency or crisis that you have to resolve. Even if I carve a free afternoon to go offline from work, I’m not strapped to my office. I can run errands, do something relaxing or spend time with my kids. Every day and every email is different. The hours fly by and I wouldn’t ever want to return to the days of watching the clock!

Are you a business owner? Can you relate to some of the things I’ve mentioned or do you have an idea of your own to add? Share your thoughts by leaving a comment!

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Posted by on September 11, 2017 in Business & Success, Entrepreneurship, Life

 

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Stop Using These 9 Metrics to Measure Success

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!


Stop Using These 9 Metrics to Measure Success

Having worked with many, many different clients over the years, I’ve had the benefit of learning how they each run their business and how they quantify success.

As you might expect, this is as unique as a fingerprint. However, one thing I did find to be common among the happiest and healthiest businesses was that they did not focus their measure of success on any of the following nine metrics I will soon discuss. To say the least, these metrics are false and misleading. They also create an imbalanced company culture which can snow ball into bigger problems down the road.

Take a look at the nine metrics for success that we all need to stop using right now!

How long you spend completing a task

Imagine how long it would take most of us to change the oil in our car. Just because we devoted hours of (frustrating) labor to this task, doesn’t mean we were any more successful than a skilled mechanic who can complete this same job in a fraction of the time. How long someone spends completing a task is not an indicator of success.

How early or late you’re accessible by phone or email

Our culture tells us that the longer we work, the more important we must be. Checking emails and answering phone calls from sunrise to sunset makes us feel like we are more successful than our peers who cut out at (gasp!) 6pm and let emails wait until normal office hours resume the next day. How early or late we allow ourselves to be accessible for work tasks is not correlated to success, but it is most certainly correlated to a work-life imbalance.

The size of your office

One of the biggest mistakes I see small businesses make is investing in a large office space they simply don’t need. There’s no denying my support of a virtual work environment for its efficiency and cost-savings. Yet, so often new entrepreneurs feel that their success must be validated with a commercial office space that is one more thing to manage and one more bill to pay. The size of your office is not an indicator of success. Many high-profile business owners and CEOs throughout history have worked from their home, out of a basement or garage or voluntarily took the smallest office space in their building.

The size of your staff

Similar to the size of your office, the size of your staff doesn’t indicate success any more than the size of an SUV indicates the stature of the person driving it. All of these items can be obtained by people who are barely able to pay the bills each month – all for the perception of looking “bigger” than what they are. Work to keep your overhead as low as possible and instead focus on the size of your profit margins.

Fancy stationary

One of my biggest pet peeves is working with a client who claims to have a shoestring marketing budget, but who then pays an invoice with a slew of unnecessary collateral materials that were certainly not cheap. Custom-printed checks, stationary, envelopes and embossed business cards will not be what (solely) seals the deal with your client – a good communications strategy will. Don’t mistakenly use this as a metric for success and instead smartly invest your marketing dollars elsewhere.

The number of business cards you hand out

Speaking of business cards, loading up on thousands of these paper rectangles and then tossing them out like confetti at a networking function will not build meaningful relationships with fellow professionals and may actually make a bad first impression. Handing out hundreds of business cards a day (without any strategy or follow-up) is not a useful metric for success. Anyone can do that – including small children and robots.

The clutter in your inbox

Busyness does not equate to productivity and a cluttered inbox does not equate to success. Hundreds of unread emails may look impressive at first glance, but when the majority of these messages are spam, promotions and auto-responses, you are merely trying to convince yourself you’re important. I tend to treat my inbox like my to-do list. The few messages I leave there require my attention and usually receive it within a day. All other messages are read, discarded or filed into their appropriate sub folder. To someone else looking at my inbox, I may look like I’ve had a pretty easy day. But I’m okay with that because I know that this is not an indicator of success.

The number of meetings you attend

During my time spent working in government, I experienced just how much time can be wasted in meetings. People loved to schedule meetings and conference calls to basically fill their entire work day. This would then give them the need to stay late to actually accomplish anything, perpetuating this false measurement of success. The number of meetings you attend does not equate to a successful day or your level of importance within a company. In fact, the people who often have important work to do find any excuse to get out of these meetings and get back to their computers.

Social media likes, followers and interactions

Finally, and this one may shock you, the number of interactions you receive on social media is not an indicator of success. You may say, “Well then why are we told to spend so much time and money on establishing a social media presence to build our business?” I’m not discounting the effectiveness of a strategic social media plan as part of a larger marketing effort, but I am offering a friendly reminder that you and your business are worth far more than the number of likes you have on your fan page.

Likes can be easily bought and interactions can be skewed to the point where it’s hard to tell what, if any part of your sales are a direct result of someone following you on social media. Stop making this the focus of every sales and marketing meeting!

What should be our metrics for success?

…Quality and productivity!

There is one philosophy all businesses would benefit from embracing, and that’s simply to “Get it done…right!” Quality and productivity are the two metrics that we should use to measure the success of our day and the overall success of our business. Did we deliver quality work in a productive manner? The businesses that embody this philosophy and promote this culture to its employees are the ones that are thriving.

Did you knock everything off your to-do list by 3pm? Great, see you tomorrow! Do you need to spend a few extra hours perfecting a project you know your client will love? Maybe you work a little late tonight, but you know it will pay off in the end. Stop comparing hours, square-footage, email count and boxes of business cards. Instead, “Work hard in silence and let success make the noise.”

Which of these metrics do you most commonly see misused to measure success? Share the outcomes by commenting below!

 

 
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Posted by on September 4, 2017 in Business & Success

 

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5 Reasons Why Your Content is Turning Away Readers

5 Reasons Why Your Content is Turning Away Readers

Have you experienced this scenario? You write an article on a topic that should be exiting and relevant to your readers, but it doesn’t get the interactions you thought it would. The number of views are disappointing, there are little to no shares on social media and not a single person felt compelled enough to leave a comment.

The good (and the bad) news is that you are not alone. Especially if you are just beginning to grow your blog or e-newsletter, it can take time to build a loyal readership. However, this doesn’t give you a green light to sit back and wait for the fans to come to you. Part of the problem could be the quality of your content or how it is presented. Take a look at these 5 common problems and how to correct them to create better content.

The Title is Lame

The first thing that catches a reader’s eye, besides a great image, is the title. A great title should be two things: interesting and accurate. In the fewest words possible, you need to communicate just enough information to make someone want to read more. But be careful not to bait your readers with dramatic claims or questions that sound like something out of a tabloid. You’ll know your title isn’t doing its job if people aren’t clicking on the full article to read more or deleting the email before opening it.

Your Introduction Doesn’t Build Excitement

Let’s say you made it past the first hurdle of getting people to actually click on your blog or article to read more. You still have to prove to them that it’s worth their time to read from start to finish – and that opportunity comes in the first paragraph. Be sure to write an introduction that builds excitement and relevance. Preview the valuable information that is to come without giving away all the details.

You Lack Sub Headings to Organize the Content

Another tip for creating quality content that keeps people interested from start to finish is to use sub headings to organize your main points and make it easy for readers to digest the content in bite-size morsels.

It’s Way Too Long

Thanks to technology, we as a society feel like we always need to be multitasking. This means rarely do we give anything our full attention or more than a few minutes of our time before moving on to the next shiny object. Keep your content direct and to the point. When a reader sees he has to click through 22 slides of content or scroll down a never-ending page of words will quickly lose interest and move on to something that requires less of a time commitment.

It’s Not Mobile Friendly

Finally, you may be lacking readership because your content is not accessible where people view it most often – on their mobile device. Emails, blogs and websites should all be mobile friendly. There’s a big difference between reading an article that is formatted to fit on your phone’s screen and reading one that is not. Remember, you want to make it easy and convenient for your readers to stay and consume your content through the end. Remove every hurdle that you can!

Which one of these reasons makes you lose interest in reading an article or blog? Or is there another reason you’d like to share? Leave us a comment!

 
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Posted by on August 22, 2016 in Business & Success

 

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How to Use Pinterest to Grow Your Brand

How to Use Pinterest to Grow Your Brand

Pinterest is a stand-alone Visual Social Network centered on sharing images that link to content. Depending upon your business and industry, Pinterest can be a powerful tool for marketing your products or services and growing your brand. Even individual people can grow their personal brand through the type of content they share or “pin” to their boards.

Whether you have a well-established and popular Pinterest profile, or whether you’re just getting started (like we are at Bennis Inc), there are many tips and best practices for growing your influence. Here are just a few of pieces of wisdom we have gained from our personal experience with establishing a business presence on Pinterest. Take a look!

Plan Your Pins to Win

Start by creating just a few board topics that are directly related to your business and brand. Focus on getting 3-5 boards filled with interesting and quality content before spreading out to create new boards. As potential followers explore your profile, they will be more impressed to see several quality boards than a ton of boards that are hardly utilized.

As you explore Pinterest for content to share (in addition to sharing your own content), you may come across other users that really sync with your brand. Follow them! Not only will this provide a stream of quality content for the future, you just might earn their following in return.

Establish Yourself as an Expert in Your Field

Remember, Pinterest is all about visual content! In order to get noticed, you need your pins to visually stand out. This may mean creating some custom graphics that include the title of your article within the photo. You’ll see this is a very popular way people share content on Pinterest and that’s because it’s effective! People easily grasp what your content is about, which increases the chance they will click and share.

While it’s okay to re-pin other users’ content, you want to also share your original content (i.e. blog, articles, images) to establish yourself as an expert in your field. For example, a photographer won’t get too much respect if he is only sharing other people’s photos that are not his own. Be genuine, just like you would on any other social media platform!

Share Your Content Across Other Social Media Platforms

Speaking of other social media platforms, you can really leverage the full power of your content by taking what you share on Pinterest and also sharing this on Twitter, Facebook, Instagram and Linkedin.

Additionally, you want to be sure people who are reading your original content, such as on your website or blog, have an easy way to find you on Pinterest as well as pin your content to their own boards. This is as simple as adding some social media buttons to the top and/or bottom of every post. Though it may seem obvious, it is often overlooked!

How have you navigated your business strategy on Pinterest? Share your thoughts and ideas by commenting below!

And don’t forget to follow Bennis Inc on Pinterest! We’re just getting started and have a lot of great things coming soon.

 

 

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More Than Words: How Visual Content Improves Your Blog

How Visual Content Improves Your BlogBlog posts are one of the most popular and powerful ways to engage your audiences through online content. However it’s not enough to set up a blog, sit back and wait for your audience to flock to you. In order to grow a community of loyal readers, your blog needs more than just quality content. It also needs visual elements to grab attention, reinforce your brand and increase SEO.

Now, the Bennis Inc blog has room for improvement in this area as well! As we strive to do a better job of incorporating more visual content into our weekly posts, we thought we’d share with you five reasons why we know this to be so important. Take a look!

 

Visual content…

Grabs attention, especially when shared on social media

If you want to draw more readers to your blog, it’s important to make your posts look good when shared on social media. Without visual content, people will see a blank square and a snippet of content that may not be enough to stop them from scrolling on by. Set yourself up for social sharing success by always including at least one image per blog that clearly represents the theme of your post, so that when people see it as a thumbnail they know right away they want to read more!

Emphasizes your main points

Visual content is a powerful opportunity to highlight and emphasize the main points of your blog. Much like how we use subheadings to make content easily digested, images and graphics next to each main point help guide readers through your content. Visual content also makes your main points easy to remember and reference again in the future.

Visual content helps shine a spotlight on the main points you want to reader to takeaway.

Visual content helps shine a spotlight on the main points you want to reader to takeaway.

Reflects the style of your brand

Your blog is a direct reflection of your brand and therefore should use the same quality of images you would feel comfortable publishing on your website or social media. Everything needs to work together to reinforce the same message. Use visual content on your blog to create continuity for visitors who are likely to jump from your blog to your website and vice versa.

Captioning the photo with keywords gives search engines another way to find you

Most people know, but forget to fully utilize the fact that the photos you post on your blog are indexed by search engines. This makes visual content yet one more way you can improve your SEO. Make sure every photo you post is named and captioned with your most relevant keywords. Captions are also important for engaging readers and connecting each image back to your content.

Glowing Illuminated Love light photo lamp

We “love” this photo because we took it ourselves! It’s clean, simple and modern, much like the Bennis Inc brand. Plus, it represents something we get to see in daily life.

Provides an opportunity to insert a personal touch (by using your own photos)

Finally, visual content is a great way to let your personality and brand shine through your words. It’s a smart idea to build up your own stock image gallery of photos that share your story. Then, you will always have these available to use on future blogs. By using your own photos, you don’t have to worry about running into licensing issues, plus you’ll further engage your audience with visuals that are far more unique and captivating than those generic stock images.

How do you incorporate visual elements on your blog or website to attract visitors to your content? Share your ideas by commenting below!

 
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Posted by on May 23, 2016 in Business & Success

 

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5 Mistakes New Businesses Make on Instagram

This week we continue our 4-week series in which we cover the top 5 mistakes business make on the most popular social media platforms including Facebook, Twitter, Linkedin and Instagram. We invite you to subscribe and follow along each Monday for quick and valuable tips on how you can avoid making these mistakes and immediately improve your business’s social media presence. Enjoy!


5 Mistakes New Businesses Make on Instagram

Instagram is an important social media platform that some businesses mistakenly overlook. But the visual storytelling power of Instagram in today’s marketing world is undeniable! Once you create an Instagram account for your business, it is critical that you understand the platform’s basic etiquette to get the most out of the time you devote to building your brand through its use. Let’s take a look at five mistakes to avoid as a new business on Instagram.

Not establishing a unique hashtag and not using it consistently on all posts

First things first, when creating an Instagram account think about your brand and create a unique hashtag to represent you and your business.  After you have your business hashtag it is important to consistently use that tag when posting.  Don’t let one post go live without using your brands hashtag, as doing so is a missed opportunity to market your business.

Posting photos that lack quality or creativity
The last thing you want to do when posting to any social media site is to look unprofessional, so make sure the photos you choose to represent your brand are high quality and high resolution.  Equally as important as a photo’s quality is its creativity. Look for unique angels and interesting visuals that tell a story. This is your best bet that your followers, and potential customers, will stop scrolling long enough to learn more about your business. A good gallery of photos will also help to set you apart from your competitors and further enhance your brand value.

Not following other accounts related to your industry, product or service

Only posting to your account, aka the “hit and run” strategy, would be a vital mistake when using Instagram to grow your business. You need to also interact with other users and reciprocate some of the love! Search and follow other accounts that are related to your industry (it never hurts to keep your eyes on what competitors are doing) and accounts you simply find interesting. Surf relevant hashtags as a way to find people who are talking about topics related to your business. These other accounts will begin to build a network of followers in return and help you keep a pulse on emerging trends.

Ignoring comments and interactions you receive

As with any social media platform, it is important to stay up to date with your interactions on Instagram. Ignoring comments or not responding in timely manner will do nothing to help you build a following of happy customers. And for people just stumbling upon your account, a lack of feedback to your comments will make you appear inactive or disinterested. Commit to being just as present on Instagram as you are on Facebook, Twitter, etc. Check in at least daily, not only to post content but to respond to interactions as well.

Missing a call to action – how can people learn more or buy your product or service?

If you use Instagram merely to post pretty pictures, you’re missing the real value it can add to your business. Every marketing tactic needs to have a purpose and a call to action; Instagram is no exception. Utilize your profile to include a link to your website or blog. Better yet, make it a link to a specific landing page that will take a customer directly to your most popular products or services. Because links are not “live” in the comments section on Instagram, it’s a real missed opportunity to not include a link in your profile. Also, be consistent with the call to action in your posts. Tell people to click on the link in your profile to learn more or to buy. Every post should relate back to your business or brand in some way. This doesn’t mean every post needs to focus on a hard sell, but your followers should be able to get a sense of what you represent by looking at just a few of your most recent photos!

How have you broken into social media marketing on Instagram for your business or brand? Have you made any of these mistakes? Share your thoughts by commenting below!

 

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