Archive for the ‘Entrepreneurs’ Category

Small Business Marketing as Entertainment

Friday, August 5th, 2011

Can witnessing the inner workings of small businesses be exciting? Anyone who operates a small business certainly knows it can be. Watching ABC’s Shark Tank is a fascinating study in small business marketing, business analysis, financing and negotiation. If you haven’t seen the show, here’s the premise:

“Budding entrepreneurs with big ideas can still make their dreams come true and ABC is about to give them the chance to make it happen. Each week a group of self-made millionaires [Sharks] from all corners of the business world take their own hard earned money and offer everyday people their one true shot at making their dreams a reality. Some will sink, some will swim and some will be eaten alive.”

The show’s investors (or “Sharks”) are start-up and entrepreneurial experts. Small business owners can learn a wealth of free knowledge from these investors.  In the final episode of Season 2, watch some interesting and instructive entrepreneurs as they wheel and deal with the sharks. There’s a custom jewelry artist trying to take his designs to the masses. Another woman has patents for a brilliant shoe design that lets women change the uppers while using the same sole– perfect for traveling.

In this clip, a woman makes the case to reposition her maternity clothing brand in face of a declining boutique women’s market. But, as the sharks adeptly conclude, this strategy will require as much investment as building a new brand from nothing (and in a still-persistent tough economy, no less):

From a marketing perspective, it’s interesting how many entrepreneurs benefit from the show just by making the pitch and explaining their innovative products to television audiences. These entrepreneurs might make a deal, or they might not, but the exposure does wonders for their marketing. It’s a good strategy, and I recommend it for charismatic entrepreneurs selling a great consumer product.

Having all those sharks devouring her desserts helped Daisy Cakes‘ founder Kim Daisy sell a lot of cake. And Rebecca Rescate of CitiKitty may not have overly impressed the sharks, but her great presentation certainly won over many cat lovers, causing shipping delays from the high order volume. Watch her presentation below:

I definitely recommend this show to small business owners. It’s rare that you get free advice that’s worth more than you pay for it.

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Posted in Advertising, Branding, Entrepreneurs, Marketing, Small Business | 1 Comment »

Marketing Podcast- Startup Marketing

Friday, October 1st, 2010

After writing about marketing for startups a few weeks ago, I had some new ideas for the topic that I shared with the radio audience of “Getting Down to Business.” Host David Weatherholt and I gave marketing tips to small businesses who are short on marketing history – and short on cash. Our advice centered on easy ways to use connections to build your customer base and reputation.

The show was fun and educational, so I think you’ll enjoy it.

Marketing for Startups

Download the startup marketing MP3 file here. (4.7 MB)

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Posted in Entrepreneurs, Marketing Podcasts | No Comments »

Let’s get started!

Friday, August 6th, 2010

Small Business Marketing for Startups

Yesterday, an acquaintance asked me for advice on his startup company’s marketing. He just didn’t know how to get started with his first customer. He wanted to know what kinds of brochures, business card or website he needed to get people interested.

I told him, “Decide who you want your customers to be.”

He replied, “Oh, you mean middle class or upper class?”

“No, I mean decide which specific people in which neighborhoods should be your customers. Get to know them, how they talk and what their needs are. Then you can start selling. Then you will know what should be on your website.”

When people first start looking for customers, their instinct is to look for large groups of people and hope to convince a few of those people to hire them. The idea is, “If I aim for all middle class families, surely I’ll get a couple of customers.” But this instinct is wrong. The more people with whom you try to communicate, the less each one will pay attention to you. For example, I imagine you rarely pay attention to the loudspeaker at the grocery store. It’s just not that meaningful to you because the grocery store is trying to communicate a general message to the entire store. When you try to be meaningful to everyone, you end up being meaningful to no one. Generalization for the masses is the worst way to sell a new (or any) product.

To find its first customer, a startup needs to get specific. Instead of selling to groups differentiated by demographics, sell to individual people. Talk their language and address their needs.

On a related note, marketing expert Steve Yastrow wrote two very helpful newsletters on how to differentiate your customers as individuals instead of groups– Do Differentiation Differently and How to Do Differentiation Differently. Steve’s essential message is:

“Your customer doesn’t really care if you are different. But he will be blown away if he sees that you think he is different.”

Showing your customer you think he is different is more work than blanketing a city with flyers- but it will also yield more results. As counterintuitive as it may seem, startups (and all companies) will find more customers if they focus on fewer people.

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Posted in Customers, Entrepreneurs, Marketing Theory, Selling | 2 Comments »

Stop micro-managing. Start empowering.

Friday, July 9th, 2010

Micro-managing is the pitfall of too many small businesses. It may be counter-intuitive that you must let go a little for your business to grow. After all, perfection can only be achieved if you manage it, right? If your team has the power to make decisions, won’t they only screw things up?

Wrong. If your team feels empowered, they will think of ideas you never dreamed of.

Your small business will never grow unless you develop a team who share the same business vision and are empowered to make the vision a reality. I’ve seen many small businesses stagnate because their owners weren’t able to communicate, delegate and relinquish authority to their teams. Your team can consist of employees, independent contractors and vendors.

Micro-managing means managing the small stuff. As a small business owner, you should be concerned with things such as the company vision or strategies for the upcoming year. Here are some ways to avoid micro-managing. They may not seem like large infractions, but think of the time wasted that could be put towards valuable business growth activities.

  • Always think, “Is this the most important thing I could be doing right now?” Management expert Peter Drucker wrote, “Doing the right things is more important than doing things right.”
  • Unless you own a graphic design firm, don’t ever question a font again. Instead, employ designers who have the freedom to design what your customers want- not what you want.
  • Don’t spend an hour on the phone with an accounting software vendor when you will never use the software. Let your bookkeeper make these decisions. The same rule applies to any kind of purchase.
  • If your sales team has a bold new idea to reach customers, let them try it out on a limited scale. Avoid “talking it to death” at all costs.

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Posted in Employees, Entrepreneurs, Marketing Theory, Small Business | No Comments »

A Tribute to Small Business Dads

Friday, June 18th, 2010

Father’s Day is on Sunday, and as I reflected for today’s blog post, I realized my dad is the reason I am a successful small business owner today. My dad, Mike Kinslow, has been a small business owner since he was 22. My parents bought a car wash and soon after started a changeable letter sign operation. They opened a custom hot tub store during the infancy of the spa craze. Using his car washing expertise, my dad invented and patented a radical new idea for car washing – a glass car wash building named Lighthouse Carwash. He morphed the business from simply selling products to offering entrepreneurs an entire turnkey business model.

Why I love small business marketing

My dad taught me almost everything I know about small businesses, and he is why I love small business marketing. Over the years, I’ve learned that he is entrepreneurialism personified. Here are some of his traits that I find are common to most small business owners:

  • My dad has an incredible work ethic. Small business owners know that working hard is the answer to their success. However, one of my dad’s favorite sayings is, “Work smarter, not harder.” He would be the first to chastise anyone for laboring without first thinking about how it could be done more efficiently.
  • Before making decisions, my dad always considers how it will affect his family and employees. Family values and faith in God are of utmost importance to him, and his generosity knows no bounds. This kind of heart is prevalent with all small business owners. You don’t just want to make money. You want to do the right thing.
  • My dad has earned his living searching for ways to fix other people’s problems. Relentless pursuit of the next big idea gives him an adrenaline rush. Without this passion, small businesses could never thrive.
  • If the going got tough, my dad would just work harder. All experienced small business owners know there are lean times at some points in their entrepreneurial lives. The key is to never quit, work harder and keep up that relentless pursuit of the next big idea.
  • And, yes, my dad even has the tendency to micro-manage in order to ensure perfection. All of you small business owners out there know, deep down, that you have a micro-managing spirit. It’s the sense of pride and attention to detail that has allowed you to become successful in the first place. But be careful. Often it is better to delegate decisions that are outside your area of expertise.

So, I dedicate this Father’s Day post to my dad and small business dads everywhere. (Don’t fret, small business moms. You’ll have a turn next Mother’s Day)

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Posted in Entrepreneurs, Marketing Theory, Small Business | 2 Comments »

Small Business Marketing Spotlight: LMB Associates

Friday, March 26th, 2010

In the marketing spotlight this week, we have Lorena Blonsky, owner of LMB Associates, a firm specializing in recruitment of information technology professionals.

She has owned the business for the last 20 years and recruits mostly in Chicago and the Midwest. Lorena started off our interview by telling me, “I love being a small business owner because of the flexibility it allows in my schedule and because I love what I do. I’m able to control the quality of the work that gets done. I am committed to quality work; I have a commitment to my clients, and they really appreciate and value that.”

(Some recruitment definitions for my readers: Clients are the companies LMB Associates represents, while Candidates are those seeking jobs with LMB Associates’ clients.)

Since LMB Associates is in its twenty-first year, I wanted to know what factors Lorena credits for her success. She was able to give a very forceful answer:

“Determination to succeed is critical and most important. There never was a question that I would succeed. Sometimes other people just give up.  When I first started, someone told me that I would make a lot of money and make it very quickly. In actuality, it took me eight months to make my first dime, and it wasn’t so easy. To people on the outside, they only see the end success. But there is a lot of work that goes into creating something and making it successful.”

Lorena emphasizes that hard work and determination are crucial for any aspiring entrepreneurs:

“It’s a very important thing to know and understand before you start your own business that it is going to be challenging. I’m glad I went through this experience, although I wasn’t glad at the beginning, while I was going through the pains of starting up. The truth is the start-up time gives you an accurate, honest assessment of what you’re in for, and I think that’s very important.”

Lorena’s hard work continues, as the economic downturn has become the biggest challenge for LMB Associates. Lorena says, “It’s been a shrinking job market, and my business is very dependent on economic circumstances.” She adds that the economy has had other, indirect, influences on her business: “There’s been a lot of volatility in the market, such as clients downsizing, consolidating offices or moving technology responsibilities offshore. Understanding these market changes present challenges but can also present opportunity.”

There is another looming challenge for the recruitment industry:  the Internet. Lorena isn’t worried about the challenge from Monster or HotJobs in the long run, because recruitment web sites aren’t necessarily saving companies time or money.  Recruitment web sites offer a high volume of resumes, but they provide no quality control. She says, “Companies need more capable, human resources to put toward screening candidates when they choose that option. I offer more than bodies to fill a room or paper in the form of dozens of resumes. I work with each client organization to find the best match for their needs.”

Many companies find that using recruitment web sites can tarnish their reputations among job seekers, if they do not follow up with candidates. Lorena explains,

“Candidates often don’t get responses from the companies to whom they send their resumes.  Companies should send a letter of thanks to a candidate who has sent his or her resume. It makes the companies look bad when they don’t respond. The way a person or organization treats people is very, very important. If you treat people poorly, they won’t want to work with you and that reputation will get into the marketplace.  And if you treat people with respect, they never forget it.”

Treating people respectfully is key to LMB Associates’ business. Lorena’s marketing strategy is to treat people as individuals, learn about their needs and develop relationships with them. She says,

“Often recruiters are just looking for the next buck. I differentiate myself by treating people as people. I give people the respect they deserve. Candidates might not know how to write a résumé, so I give them my time, sample resumes, suggestions and support. Candidates can become demoralized while searching for a job. I pump people up to feel good about themselves, because they need to know that, even though the market may be tough, they bring value to the marketplace. It’s a big deal to give people a boost so that they can get out there and do what they have to do: find a new job.”

She uses a similar strategy for her client organizations:

“I listen to what my clients say they need, then I ask questions, based on the qualifications they seek, their insight and feedback. My clients have personnel issues that need to be addressed, certainly that they need to hire someone but also often beyond the job description. What my clients need from me is to maintain confidentiality, to understand their needs and to assess what types of candidates will fit into their organizations.”

From listening to Lorena, it is evident that she loves what she does:  working with her clients and candidates. Before concluding the interview Lorena added,

“I like working in technology because it’s always changing and mind-expanding, and I like working with technology people, who are on the cutting edge of that change. I like having clients in a variety of industries; it makes work more interesting. I love working with candidates, who are all different kinds of people from all cultures, socioeconomic backgrounds, religions, and environments.”

To learn more about LMB Associates, view current job openings or contact Lorena, visit LMB Associates.

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Posted in Customers, Entrepreneurs, Relationships, Small Business | No Comments »

Marketing a Startup Bakery Podcast

Friday, March 19th, 2010

I was on Dave Weatherholt’s radio show “Getting Down to Business” with the owners of a startup bakery recently and spoke with them about their journey from planning to pastries. Jerry Lewanski and Janis Fleischman opened Fire Island Rustic Bakeshop in Anchorage, AK. We discussed the benefits of word of mouth and public relations as an economical (and usually better!) alternative to traditional advertising, along with the different aspects a marketing plan should cover.

Jerry and Janis’ business planning skills are very impressive. They managed to plan for every scenario, except one… becoming an overnight success.

Listen to my segment below:

Download the marketing a startup bakery MP3 file here. (7.6MB)

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Posted in Customer Experience, Entrepreneurs, Marketing Podcasts, Marketing Theory | No Comments »

Small Business Marketing Spotlight: Legacy Farms

Friday, March 12th, 2010

Legacy Farms is a family farm in Indiana, owned by Paul and Jessica Kinslow, along with their children Alyssa and Brett. They breed and raise show-quality Boer goats. Paul Kinslow also sits on the Board of Directors for the American Boer Goat Association He is the Director for region 14 containing Indiana, Michigan and Kentucky. I caught up with Paul this week to chat with him about their small business.

The inspiration for their farm came from Jessica’s father, Jim Misiniec. Paul remembers, “Jim told us Boer goats were the next up-and-coming show animal. Jessica thought he was a nut. She had grown up showing hogs. He kept on us, and he finally convinced me.” Jim’s influence extends to their farm even today, “Our farm name, Legacy Farms, comes from the legacy that Jim left us. He taught Jessica the skills and work ethic that we are passing on to our children today.”

I next asked Paul to tell me his favorite part of owning a small business:

“What I enjoy is our family time. It’s not your typical small business.  We travel, show, care for the animals and make buying decisions as a family. It allows us to do things together. It’s not all fun, but it’s valuable time. The work ethic I’ve been able to teach Brett and Allie is that you get out of life what you put into it. In Allie’s first year she was the Junior Showman. In her second year, she was the Intermediate Showman at the Indiana State Fair. I’m proud of that.”

Paul and Jessica credit their faith as being the biggest reason for their success. Paul says, “We try to pray about every decision we make and try to put God first and foremost.”  He also credits Jessica with having “a great livestock eye.” She has developed that from years of being part of the livestock industry.

They also emphasize the constantly changing environment inherent in the livestock business. Paul advises, “It’s not so much luck as learning and applying that knowledge quickly. You have to be able to change your business plan very quickly.” He explains that standards and trends change each year, as new animals are named Grand Champion at the fairs and shows. It is of utmost importance to track those trends to stay ahead of them.

Legacy Farms approaches its marketing from an interesting angle. Their animals are their advertising. As they travel around the country, each show or fair presents an opportunity to increase the value of their farm and animals by how they place. This model can work for any livestock farm. Paul says, “We try to update the website every 2-3 weeks with photographs and animals for sale. But for the most part, you have to be seen. I could have the best animals in the country, but if no one sees them, it doesn’t matter. If you go to the shows and consistently place in the top, then people take notice of you.”

As we parted, Paul wanted to give some advice to livestock entrepreneurs thinking of starting out with Boer goats or other livestock:

“Start small. Ask a lot of questions. Livestock people are very willing to help. They have a very good work ethic and are all about the children and growing the industry. Pay attention to the market. When we got into it, we bought what we thought was pretty. We wasted a lot of money that way, and it took me two years to sell off the original livestock we bought. Learn what you’re buying. And don’t put yourself into a position where you can’t take care of the animals that you purchase. If you only have room for three goats, don’t buy five– no matter how much of a bargain it seems.”

The American Boer Goat Association is having their National Show in Louisville this year from June 7-12. There will be 1,200 head of animals represented by 400-500 exhibitors. Anyone interested in Boer goats is encouraged to attend. Call (325) 486-2242 for more information.

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Posted in Entrepreneurs, Small Business, Small Business Interviews | No Comments »

Small Business Marketing Spotlight: Reflected Spectrum Photography

Friday, January 15th, 2010

Reflected Spectrum Photography is an Indianapolis-based firm specializing in wedding photography, creative portraiture, and fine art photography. Although the business has only been in operation for a year, owner Laura Poland has turned it into a successful venture. Laura is a professional photographer who also runs the business. In this interview, she will share her advice for small business success, some challenges she has faced and the joy she has for photography. I’m certain readers will also enjoy the beautiful photographs she has supplied for this article.

Laura starts by telling us what she enjoys about owning her own business:

I love the freedom I get from owning a business.  I have full creative control over all my work, so I’m free to try new techniques and experiment with new ideas.  I’m also able to work at my own pace, set my own hours, and choose my own assignments.

But all small business owners discover challenges as they grow. For Reflected Spectrum Photography, Laura was already an experienced photographer, but running the other aspects of the business, such as sales, marketing and finance, was difficult at first. Since her core competency was photography, she sought advice:

I continue to learn as much as I can about these fields to improve my knowledge and skills in those areas, but I have also benefited greatly from the help of good consultants, such as Zoo In A Jungle Marketing and Andrew Technology. Having expert advice available has been extremely helpful to give my business a head start.

As with most successful small businesses, Reflected Spectrum Photography focuses on the customer experience and building relationships. Relationship-building is easier for small businesses than with large ones, which is a key competitive advantage of being small. Laura agrees and adds, “I really enjoy building relationships with all my clients. I find it very rewarding to be present at the most special moments in my clients’ lives, and to see how their children have grown at each new portrait session.”

Laura realizes that satisfying her clients involves more than delivering beautiful photographs, so she ensures they have a great experience during the photo shoot as well:

I try to help my clients feel relaxed and get them excited about having their pictures taken. If my clients are enjoying themselves, that allows me to capture special moments as they happen and preserve them as art, and I hope that they will be treasured for years to come. The most rewarding part of my job is seeing the expression on my clients’ faces when I’ve captured the perfect expression of happiness on their child’s face, or caught a spark of real emotion from their wedding day. If my customers enjoy the experience and love the results, they are likely to hire me again in the future and refer me to their friends.

As for building her customer base, Laura has employed a very successful web marketing strategy and client referral network. She says, “Before you can make a client happy, you first have to actually get some clients, so well planned sales and marketing strategies have played a key role in my success.”

As a successful small business owner, Laura parted with the following advice for aspiring entrepreneurs:

Before you start to focus on selling your products or services, build a solid foundation for your business to grow on.  Once you become successful, you may be too busy with your clients to focus on building a good web site, formulating targeted marketing initiatives, or finding a record keeping system that works for you.  If you need help with any of these things, don’t be afraid to ask!  Help is out there in many forms.  Books, forums, internet articles, and expert consultants are all available to help you get your business off to the right start.

Contact Info:

Reflected Spectrum Photography
Laura Poland
http://www.reflectedspectrum.com

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Posted in Customer Experience, Entrepreneurs, Small Business, Small Business Interviews, Technical Tips | No Comments »