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Showing posts with the label decision making

How to Make Smart Marketing Decisions

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Small business owners can spend a lot of time and money on marketing initiatives. Sometimes we're successful and sometimes not so much. I think of marketing as an experiment because - really - there are no magic bullets. There are best practices, there is good and bad advice, there are lots of experts and gurus. But we, the business owners, have to make the final decisions and... live with the results. Marketing isn't cheap (even if it's our own time) and poor decision-making can hurt more than our wallets - our reputation may also be at risk. So, how do we make decisions about things we have little experience with? How can we possibly know what all of our options might be when it comes to getting a new website? Or knowing which social media platforms will work best? Or building a content strategy? We can't... unless we put some extra effort into it. Step #1: Clearly identify the decision that needs to be made. Sometimes it'll be staring you in the face ...

We Can't Do It All So Let's Choose Wisely

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My good friend and business collaborator, Anita Kirkbride , has been doing keynotes recently about how to embrace being #flawsome . It's a hard lesson for someone like me with perfectionistic tendencies. But around mid-May, I made a conscious decision to let a few things suffer so that others could flourish. Here's one of the things that suffered: Fewer people read my blog. That tells me my own marketing is working when I'm maintaining it. I know exactly what happened: I wrote fewer posts and one of the scheduling apps I use conked out for 2 weeks. (Thank you, Google, for continuing to send readers.) I decided to live with it because other things, like Social Media Day Halifax 2019 , were more important. And yes, I felt a bit guilty because I teach this stuff and setting an example is important. No one ever said running a small business is easy. Sometimes we have to make tough choices... and move on. And really, while seeing my blog readership increase instead ...

Knowing When to Go

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Change is a wonderful thing - it keeps life interesting. It allows our businesses to evolve and do better. When we can plan and drive change successfully, it can be very rewarding. Then there's the change that's forced on us. You know, like when your website hosting company goes belly up. Or your PC dies at an inconvenient time, precipitating an unplanned but long-thought-about change to Mac . Or when the bulk email application you've been using for 10 years keeps dumping functionality that you and your clients need. (OK that last one is me.) Forced change is rarely pleasant and it's hard to get excited about how things will be better when we're buried in the work of making the change. And, of course, it never happens at a convenient time! Managing risks can be complicated. I wish I had acted sooner. I'd like to think I'll learn from this experience and act sooner next time. Procrastination is sometimes convenient, and sometimes worthwhile, b...

Small Business Decision Making 101

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Simple is powerful... and a recent tough decision reminded me of that. I'd been sitting on the fence for about 2 weeks with a marketing project half completed. I couldn't decide whether to keep going or to stay with Plan A - and so, I wasn't accomplishing anything. I had an investment in time and money that was just sitting, doing nothing for me. Talking the problem through with someone seemed like the best idea and I finally pinned down the right opportunity with the right person. The night before we were to chat, I decided I'd better make some notes so I could present my problem in an organized way. I grabbed a sheet of paper, drew a line up the middle, and labelled the halves PROS and CONS. Within 5 minutes I had put my finger on my "sticking point" - the biggest CON. After a little research and math, I made my decision. No discussion needed. When I put my pen to paper, all the conflicting pieces of the problem suddenly became clear - instead of sw...

Why Buy the Cow When You Can Get the Milk for Free?

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Some people still think there’s a scarcity of information in the world, to be hoarded and divvied out carefully. It's true that information becomes less valuable the more it proliferates... but there's definitely no scarcity. If you are ever concerned about sharing too much information, consider this: someone else is sharing it. If it's your area of expertise, shouldn't you be, too? As information becomes increasingly cheaper, the voice of experience becomes much more valuable. That's because it takes more than information to make a good business decision. Experience and sound advice thoughtfully applied to specific situations are what can make the difference between a success and a big mistake. Give away information for free (the milk) so readers can peek at your secret sauce and realize the extra value they’ll get from working with you (the cow) on their problem. Click to Tweet this Article

What Do You Need To Say YES To?

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(guest post by Natasha Marchewka) Do you find you are saying NO to everything lately, to keep the status quo? I was... because I was overwhelmed and afraid. I already had enough daily commitments to keep me busy for the next 10 years. And then, I had a shift of perception. I realized that to grow (or be happier or fulfilled), I needed to say YES to things that stretched me. Further, what is entrepreneurship without risk taking? It doesn’t exist. That said, I’ve taken on MANY new commitments that I suddenly have the energy for because they all seem like where I need to be. In all cases, the yes’s come in the form of helping others in some way. When’s the last time you said yes to something that you felt enthusiastic about? Even when our plates are full, I believe there is room to say yes to commitments that ring true with us on a deep level. Taking a risk is part of living fully with the potential to fail or succeed. Either way, you succeed. I’m saying YES because I...

Using Pinterest to Create Brand Moodboards: Part II

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(guest post by Alison Knott) Nailing it down with a pin! Now that you’ve spent some time getting up close and personal with other brands in Part 1 , it’s time to find those patterns on Pinterest! You know 30 ways to look for ‘healthy snack recipes’ (who am I kidding, I’m married to Frito-Lay), so I know you’ll be set to start searching on Pinterest. But don’t stop at the obvious keywords like ‘bespoke logo’ or ‘life coach brand’. Branch out to of all kinds of brand application. Parrot Party: our new venture For this exercise, let's pretend you're starting an online store and forum called Parrot Party - a site for all the things parrot owners want and need. Most parrot-owner related websites are just breeders with old websites, and you want something that's going to appeal to parrot owners. Fresh, vibrant and speaks to owners ready to spend big bucks and share their knowledge on owning these birds. They choose to live with loud, colourful pets that live for 30+...

Good, Fast, Cheap

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On the inside of one of our garage doors, in black permanent marker, the previous owner - a mechanic and race car driver - wrote: good fast cheap pick 2! I know Mike was talking about cars but this trifecta has implications for other (small business type) things, like marketing, product development, project management, and problem solving. Let's say you can get a good website built fast; you shouldn't expect it to be cheap. If it's fast and cheap, don't expect quality, and so on. If you think you're getting all three, beware! Economics - and people - don't work like that. Click to Tweet this Article

Is Planning Becoming Passé?

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"Plans are nothing; planning is everything." - Dwight D. Eisenhower Planning is a noble task, full of focus and good intention. It's always been one of my favourite things to do. Now I hear about the newest trend: the 'anti business plan' entrepreneur. Here's a not-so-secret secret: most business owners don't have business plans. And I'm pretty sure that's not a new-fangled idea. Most of us spend a lot of time planning... in the car crossing the bridge, in the Starbucks drive-thru, walking the dog. We don't always write our plans down but we do plan. Planning is a most worthy task because it helps us understand options and make better decisions. No one will ever convince me there's no value in planning, even if the plans are eventually broken . originally published in PM News & Views on November 1, 2016 photo by carfreedc / Flickr Click to Tweet this Article