Is your business feeling the crunch of a slow economy?

Last week a client of mine, Kim (name changed to protect the innocent) told me that her business had slowed almost 40% over the past 18 months. As we talked, she explained that she’s doing nothing different with her advertising and marketing – “what worked 18 months ago just isn’t working as well now,” she said.

The reason, Kim felt, is that people have less money to spend.

That certainly makes sense. All our living expenses are on the rise. Groceries cost more, utility bills have increased – in some places dramatically – and the price of a gallon of gas is through the roof. So it only makes sense that consumers have less to spend on what they may perceive as ‘non-essential’ services.

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I have a friend, Larry, who’s a pretty amazing woodworker. Larry apprenticed with a woodworker in Seattle for seven years and then struck out on his own. As Larry had an eye for detail the master woodworker he apprenticed with convinced him that he should build highly customized, one-of-a-kind kitchen and living room tables.

Larry’s work was extraordinary. But while he managed a few customers in those first couple of years, he was barely making a living. It was just too hard to find people who really wanted a custom table.

Yet, for Larry, his heart wasn’t in it. He enjoyed the design and the crafting of these pieces of art, but he wasn’t sure this was his calling.

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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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People want what you know!

They want your stories, your perspectives, your perceptions and your ideas. And in some cases they want your help or they want to learn how to do what you know. Either way, they appreciate the value your blog adds to their life or their business. The value, after all, is why they’re spending their valuable time reading you in the first place.

I was ruminating on this while reading Liz Strauss’ new informational product – an ebook, The Secret to Writing a Successful and Outstanding Blog. In her book, Liz walks you through how to use your blog to create conversation and grow a community. You get insights and suggestions from someone who has close to 70,000 comments on her own blog. I absolutely highly recommend it. And just to be transparent, I did help her a bit on the development and distribution, though I do not receive any royalties from it.

One interesting thing about Liz’s book is that it was created from content she had published on her blog over the past two years. When she came up with the idea to create her informational product, she went back through old posts to use the ones that would fit as content. In all, the core of her ebook is the content from her blog.

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Before he passed, my grandfather used to teach me many things – about sports, about nature, about gardening, and about life. He was a very learned man who at one point read every volume of the Encyclopedia Britannica from cover to cover just to learn.

I remember much from our conversations – though truthfully, he was often doing most of the talking as I’d just try to absorb what he was teaching me.

One of the things he said again and again is, “what you focus on expands.” He said it often, in many different ways. But the core message was always the same – whatever you think is – is.

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If you run a small business you’re likely making decisions all the time. If it’s not what product to develop it’s where to publicize your business. Or perhaps you’re considering hiring a virtual assistant or looking for a joint venture partner. Either way, you’re business is forcing you to make choices all day long.

But to be successful, you’re ultimately not the decision maker. And if you want to be successful, you shouldn’t be.

I know what you’re thinking (other than this Dawud cat is crazy), “Then who makes the decisions if I don’t?”

Your market does, of course.

You can sit back everyday, all day and make decisions about where to steer your business. Sure you decide what emails to respond too, what phone calls to take, and where to put your marketing efforts. You decide to develop this product or refine that service or to build this relationship or that one.

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People ask me all the time how do I grow my business?

The answer is always quite simple, really. So simple that it can be answered in one word – change.

Albert Einstein defined insanity as “doing the same thing over and over again and expecting different results.“

Yet how many of us can say that we’re not doing something insane with our business? How many of us keep trying the same things again and again hoping that somehow the results will be different than before?

Well, the only way to different results is to do things differently than before. If you want to grow your business, you have to introduce something new into it. You have to do something, even ever so slightly, different. In other words, you have to change.

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