Oh, The Hat’s We Wear.

As a business owner (or even a manager) we tend to wear all the hats- or at least most of them. From manager to marketer, HR to customer service. It can get overwhelming. Sometimes we need a little help.

I’m not recommending that you drop what you’re doing and post a help wanted sign or ad in the classifieds. What I am telling you is that there is way to make wearing all of the hats a little easier to manage. And someday, when you are ready to hire, you will be prepared with a job description, payroll costs v. value and an idea of the type of person you are looking for rather than general ‘help’.

Every time you start a project or task, take a quick moment and decide which ‘hat’ you are wearing. Start making a list of all the hats and which tasks you do while wearing that hat. What you are doing is defining the responsibilities of that position.

The Marketing Coordinator Hat may have a list that contains mailer for holiday sales and Facebook page updates. The Customer Service Hat would have answer phones, balance till and greet customers.

Creating these lists are going to do two things for you.
1- You are going to be able to be more productive throughout the day. Since you are doing tasks of the same nature, you won’t be spending the extra time changing hats.
2- When you are ready to hire some help, you already have clear job descriptions. If you need a part-time person but don’t have enough administrative work, look at your other hats that you wear and see if you can combine the job duties into 1 position. Maybe look for someone that can also take care of your marketing or be able to manage merchandising as well.

“Spend time working on the business, not just in the business.”

Insanity.

I believe the term is Insanity – to do the same thing and expect different results.

There are two scenarios- when a business is losing money or has hit a plateau.

When this happens, you can’t do the same thing you’ve always done (waiting for the economy to recover is not in your budget, trust me). You’re going to have to change something. Do something different.

Maybe you need to spend less time in the office and more time on the sales floor. Maybe you need to get a new sign and clean up the front door, maybe you need a new marketing campaign.

The moral of the story is that you have to do something new to get a new result.

Here are 3 things you can do to get started.

Look at your front door. Is it inviting? Do your customers know who you are? Go stand out front with an objective lens and decide whether or not you would shop there. Is it too cluttered? Don’t litter your entrance with signs. Keep it simple: business hours and possibly one other promotional sign (NOT handwritten). I also allow “Local First” stickers if they are off to the side and in good condition. But that’s it, nothing else!

Network. Go talk to the other businesses in your area (within walking distance), start a relationship with them. Don’t sell them anything, just go be a good neighbor, learn about what they do and refer some business their way. You’ll be amazed at the effect it has on your business. Givers gain!

Self Promotion. For some reason that’s foreign to me, I find that business owners do not self promote their status as a business owner. I mean, COME ON! Your own a business! When people ask what you do, tell them. Be honest and proud, I assure you it’s not boasting, it’s factual information.

Just try it. See where these thing lead you. They may not all work, but it’s something different than what you normally do. Chances are, you’re going to get a different result.

Business Card Challenge

I have a quick challenge for you over the weekend.

Clear your mind, for a moment, forget who you are and take a good look at your business card.

What does it say about you and what you represent?

Does it accurately portray the image you want your clients and customers to grasp?

Food for thought.

Spend $$ to Make $$$$

We’ve heard it before. “You have to spend money to make money.”

It’s true, but that doesn’t mean you have to waste money! As you start your next quarters marketing strategy (I’m thinking Christmas?), keep a few things in mind. It will help you stay on the right track with your effort, outcomes and budget.

1. Demographics

That’s right, what’s your demographic? Who are you trying to reach? Where do they live, work and play? How old are they? Do they have kids?

You have to know your target before you can appeal to them. I’ve talked about this before. If you need a brush up, check out 50/60/70/80.

2. Product v. Value

What are you selling? This can be a product or a service. More importantly that the product, you need to be able to explain and show the value. Why does your demographic want what you are selling?

Once you have pinpointed the answer– sell the value. It’s truly the only thing that separates you from your competitor.

3. Voice

How are you going to reach your clients? Mail, email, web, TV, radio, etc.? Knowing your audience will help you make this decision. How you choose to contact your ideal customer is crucial. Spending thousands on a magazine ad is silly if your ideal customer is age 21-35, drinks coffee regularly and has a smart phone- just sayin’.

How you choose to contact them is going to reflect directly on your business and its vibe. Your advertising is essentially your voice. Yelling through a loudspeaker on a busy street might be exactly what you need. Maybe you need to sponsor a local event or school, maybe an old fashioned newspaper ad is more attune to your demographic. Do the research to find out.

4. Execute

Even the best plans are unsuccessful without execution.

Once you know what you’re going to do. Do it.

Don’t put it off- get it done, now. Set yourself a deadline. If you don’t have the time, find a company near by that does. Spending an extra couple hundred may be well worth the time you don’t have. If someone else can do it for you and do it better, than it’s usually worth the extra money.

5. Track Results

Sending a mailer to every resident within 5 miles doesn’t matter if you don’t know how many of your customers are here because of that flyer. You need to know how effective your efforts were. You need to know why they came in and keep them coming back.

So ask them. I mean right there, at the register ask “Did you get our mailer last week?” “Wonderful! If you would like to add your email to our list, we’ll send your our monthly offers.”

 

Plan well, plan effectively and execute.