Yesterday I had an interesting, but short, conversation on Twitter where I said, “The key to a successful small business – find a highly specific, targeted niche and dominate it!” And I meant every word.

I work with business owners all the time who aren’t sure about what they want, what they’re doing or where they’re going. Nothing wrong with that at all. After all, unless your expertise is in small business development or marketing, there’s little reason to think you’d have a solid understanding of how to structure and grow a business.

Yet one thing that thatseems to set successful small business owners apart from those who aren’t is their mindset.

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How do you define success in your business? It’s a question I ask every client – and most of the prospects I ever speak with.

The interesting thing for me is how often the people I speak with don’t have a specific answer. Sure, we can come up with just about anything on the fly. Yet it’s not difficult to tell the difference between established, well-thought-through business goals and those that we sort of find when we need to talk about such things.

Having a way to measure the success of your business, however, is one of the most vital parts of running a business.

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If you’re paying attention to the media you know that we’re are headlong into some hard economic times. Banks are failing, investment firms are in financial trouble and the housing markets across the nation are suffering.

Things are so bad here in Michigan, the state with the worst economy in the nation, that General Motors is talking about buying Chrysler – the Big Three become the Big Two.

So are these such terrible time economically? For some, yes. For others, and I’m not talking about the extremely wealthy, no. But that’s not how it’s being talked about. If you just pay attention to all the Henny Pennys writing for newspapers, magazine and the web and listen to their banter on TV and radio, our economic sky is falling.

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Is it really possible to create a viral marketing effect?

Sure, it’s possible to create a viral marketing strategy. And it’s certainly possible to know what viral marketing is and, theoretically, how to use it.

But can you just simply create a viral response in some formulated or calculated way? Or is viral marketing something that happens as a result of a little solid word-of-mouth marketing and a little luck?

Well, according to Ze Frank, we don’t just go get ourselves a viral marketing experience. Rather it’s something that sort of organically happens based on, first, word-of-mouth marketing and then, second, by way of having chosen the right thing at the right time with the right audience. In other words, viral is not something we can just go get.

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Simply put – no, they don’t! Your audience doesn’t care a lick about what you do. They’re too busy caring a lick about what they do, what they need and what they’re interested in. It’s likely you’re not even on their radar. And with every business in the world vying for their attention, they just simply don’t have time to search you out and learn about what you do.

Unless…they need what you do. It’s inside their need that your audience may, possibly, perhaps, give some of their valuable time learning about what you do.

As a business owner and marketer, you’ve probably heard the adage that the customer is always asking, “What’s in it for me?” Many people focus on trying to understand how the customer will see this question in your products and services. And they’re right, of course.

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Owning and operating a small business is pretty easy, in all honesty.

Think about it for a second: you find something you do well and offer it to people who you believe need it. That’s it. That’s all you have to do to have a semi-successful business. Doesn’t matter whether you’re selling toothbrush holders or marketing advise. It basically comes down to what you do well and who needs it.

Most small businesses get this – at least partly. They almost always understand the ‘what’ part of the equation They know what they do. And they can go into great detail explaining it to you. But most forget the second part of the equation – the ‘who’ part.

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Is choice a good thing?

Walk through any supermarket here in the U.S and you’ll find tons of choices. Want a simple can of soup, you have to wade through 15 different brands of chicken noodle. Or toothpaste, or cereal, or ice cream. Heck, we even have to make a choice between ketchup brands.

Now choice may be good. I know I appreciate having a choice of certain things I need, use or enjoy. And I know I’d be upset if someone took away Breyer’s ice cream and made me buy from only one brand.

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