Archive for the 'Entrepreneur' Category

May 20th 2008

What’s in a business name?

As an entrepreneur, you presumably put a lot of thought into naming your business. I sure did. It’s a very big decision. You have to try the name on for awhile and see how it feels. You have to write it out and see how painful it will be to write down a million times in the future. You have to see if it will continue to suit you as you grow. Will it make sense when you tell someone your domain name over the phone? (With my name, I always have to say “Mann with two ‘n’s and no, it’s m-a-d-e, not m-a-i-d.”)

Twenty years ago (yes, it has been two decades) the New Kids on the Block appeared on the scene, weakening young girls knees everywhere. They were five young guys who have been credited with starting off the boy band craze in the 90s. (They seem to disagree, saying there were lots of boy bands around before them and perhaps they were the first “white” boy band. ) Whatever they were, they were a phenomenon. I was absolutely nuts over them. I spent every dollar I had on their tapes, ‘Teen Beat’ magazines with posters of them, earrings, t-shirts, even socks and sunglasses. I had a club and we had t-shirts and binders…spending lunch hours swooning over our favorite ‘Kid’. It’s really a good thing that twelve year old girls can’t get tattooed, cause you can bet I’d have the NKOTB logo somewhere on my person.

I don’t recall what happened to NKOTB, but they have reunited and are going on a reunion tour this summer. How exciting! And how brilliant. Their concerts are selling out, and why wouldn’t they be? They already have a huge fan base, made up of 25-35 year old women who have been loyal to them for 20 years. We have more money now to sink into their music and concert tickets and we still love them…even if our husbands think we’re dorks.

My point here is that perhaps the name “New Kids on the Block” wasn’t brilliant. It seems odd to choose a name that will not make sense after a couple of top ten hits. How ‘new’ can you be when you’ve been on the charts for a few years? And now with the guys ranging in age from 35-40 something, they sure aren’t kids anymore. I wonder if they’re sorry they chose that name. It doesn’t seem to be hurting them much, but it seems kind of silly to see a bunch of 40 year old men called the New Kids.

Anyway, think about your name before you brand yourself :)

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May 8th 2008

Are you a grasshopper or an ant?

We are all familiar with the story. Winter is coming and the little industrial ants are busy hunting and gathering food for the long cold months of being holed up in their hill. Their minds are focused on one thing - getting food. It’s what they need to sustain themselves and no matter how well they stock their little ant cupboards, they keep going and going until they’re forced to stop. Through the winter months, they’ll have lots of little ant snacks to enjoy while watching Grey’s Entomology on their little ant TVs.

Meanwhile, the ‘live in the moment’ grasshopper has a full belly and doesn’t feel the need to prepare for the winter. He’s out dancing and hopping…in the grass…poking fun at the busy little ants and wondering why they don’t just relax a bit.

Some entrepreneurs are ants, and some are grasshoppers. If you think of leads as food - fuel you need to thrive - this will make much more sense. A business that depends on leads must never stop generating them. Even if you don’t feel hungry for new business today, things can be dramatically different tomorrow. Winter could be just around the corner.

Are you marketing your business even when you have a full roster of clients? Or are you waiting for the day when the snow flies and you’re starving?

In the fable of the ant and the grasshopper, the hospitable ants took the grasshopper in, gave him something to eat and I think they had a big party or something. Unfortunately, this is business, and I don’t know many business ants that would share their hard earned leads with a hungry  business grasshopper.

 

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March 22nd 2008

I have found the secret to adding hours to the day!

I’ve had around the same number of billable hours each month for the last year. I’ve had clients hours fluctuate, I’ve lost some clients, gained some new ones, but it all seems to level out.

About two months ago, I was at a point where I was at the computer from 7 in the morning until 2 in the morning. I still only put in a few hours of billable time - the rest of that time was spent managing projects, staying on top of email, wrangling my children, etc. I was rapidly approaching the ‘burn-out zone’. While I was subcontracting some work, I was still spending way too much time on project management and other administrative things. I wasn’t able to market my business, follow up properly, or eat lunch without feeling guilty for being away from my computer.

So I took the plunge and retained the services of a VA to keep on top of that stuff for me. It’s the best investment I have ever made in my business, and more importantly, in myself.

For the last two months I have had my own dedicated VA. I’ve blogged about her before - Victoria is my lifesaver. I wonder…is this how my clients feel after they start delegating projects to me? It is a glorious feeling.

Victoria and I are in different time zones, so she starts managing my email when her work day begins, and that frees up so much time, you have no idea. I can actually focus on the day’s projects without being distracted by my email. That is saving me at least an hour or two every day.

I’m delegating more and more work that I don’t really have to do myself. My VAs are more than capable, and it prevents me from switching between projects a million times a day which is idle time I can’t charge for.

A strange thing happened this week. I kept feeling as though I was forgetting something. After dinner when the babes were fed and bathed and I would sit down at my computer to work, but my client work for the day was taken care of. Hmmmmm.

Honestly, it didn’t sink in for awhile. Why do I have free time in the evenings? Am I forgetting about certain projects? What’s happening?

Wait a minute. It’s my VA. What a light bulb moment. Now that I am on the ‘client’ side of the VA arrangement, I will be able to market my services much better because I am living the benefits.

When my workday is done (ya, it does have an end now!!!) I am able to follow up with old leads, work on personal projects and my own business development.

Now it’s Saturday and I have options! I can either get my stuff together to give to my bookkeeper so my taxes will get done on time, or work on a fictional story I’ve been wanting to get to forever. I can clean my house, play with my kids, go for a drive, or just read a book.

Who knew life could be this good for a busy entrepreneur?

If you are on the fence about hiring a VA - get off the fence and get yourself one. Preferably Mann Made Time, of course. Never before has my team been so efficient.

My tagline, “When there aren’t enough hours in the day…” has a whole new meaning for me now. When you find yourself feeling that way, give me a call. We really can add hours to your day.

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March 20th 2008

American Idol for business?

I’m not sure why, but I get sucked into American Idol almost every year.

Last week, or this week (we tape them to watch later sometimes so I don’t remember) I overheard someone on the show ask whether this was a talent contest or a popularity contest. Hmmmm.

It brings me back to student council elections in high school. Did the best person always win? No. Well - if they were the most popular person they did.

How does this relate to business?

You could have the best singer in the world preforming on American Idol. But if they choose the wrong songs for them, if you’re a fan of the show, you know they always get voted off.

If there was a competition for you, in your business, and you are offering the wrong types of services - services you don’t excel at - would you be crowned the winner? Probably not.

If I tried to build my business on offering desktop publishing, I wouldn’t have made it past year one. I enjoy it, but I’m not great at it. I don’t offer it unless it’s through one of my skilled associate VAs.

When you’re in business you must have a clearly defined target market, and you must offer only services to that group that you do exceptionally well. Anything less just won’t stand up.

Again, if the best singer in the world was on the American Idol stage, but every week they came out there looking unkempt and sloppy and acting obnoxious, they would not last. People wouldn’t vote for a person they find annoying.

This brings us to branding. A business needs a professional polished image to  make it. It’s that simple. You could be the best wallpaper hanger in the country, but if you have a website with lots of annoying pop ups and graphics, inconsistent branding, poor grammar and bad navigation, visitors will move on. Today’s consumers don’t have time for that kind of thing. Not with all the choices they have.

Consider this. There’s a new competition for your industry. You make it through the first round of eliminations, and then the second. You find yourself in a group of the twelve best (your profession here)’s in the country. You are given 90 seconds each week to demonstrate to your nation why you should be crowned the winner.

What do you do to make yourself shine?

Those are the things you should be doing everyday for your clients.

If you’re currently doing things that you wouldn’t showcase for that audience, maybe you should consider whether you should be doing them at all….

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March 16th 2008

Feature Client

This month, I’ve decided to feature one of my local and most active clients - Maureen Kerr of Kerr Consulting “Your Marketing Mavens”.

Your Marketing Mavens helps its clients to spread their remarkable business ideas effectively and inexpensively. Maureen’s ideal clients have a remarkable idea or business and just need a bit of help spreading their message. Many of these people are either intimidated by technology or simply unaware of the different ways Internet marketing can really improve their marketing efforts.

Kerr Consulting offers a ton of services, including: SWOT analysis, business plan assistance, writing marketing plans, creating newsletters and presentations, copywriting, website creation, and so on and so forth.

It’s really a joy working with ‘Moe’, she is definitely an ideal client for me. She has a great business and she’s a wonderful, ethical person to work with.

She likes us here at Mann Made Time, too. She talks about me all the time, which I love. Here’s an official testimonial she’s written for my website:

“Living in a rural community on an island off of the east coast of Canada requires an entrepreneurial person to leverage as much as possible in order to have a successful business. Throw in the mix being a single mom and living in a 150 year old house – I need all the help I can get. Thanks to my virtual assistant, Jaime Lee Mann from www.mannmadetime.com I have been able to get my new marketing business off the ground by utilizing her huge arsenal of expertise. She also tells me to breathe sometimes and takes the edge off of being a solo-preneur by being there whenever I need her. I love my VA. Jaime has done everything from brainstorming sessions, to editing letters, to going to client’s offices to set up systems, mailing letters, did I mention all of the advice she gives? I have out-sourced projects to many professionals over the years and using a virtual assistant has been one of the best returns on investment that I have ever made.”

We have truly partnered together and are improving each others businesses. It’s a match made in Heaven, really.

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