Yet if you run a small, independent business, the economy has far less impact on your business than you think. So you’re likely not facing the doomsday that’s being talked about with every newscast and editorial.

Unless you believe you are. But remember, as a service provider, you have much more opportunity in these times than corporations do.

You see, all this talk about financial meltdowns, depressions, and layoffs are mostly affecting corporations – at least at this point. Sure, job losses and home foreclosures are bad things. I, for one, don’t want to see my friends and their families suffer. But there are millions of us out out here who aren’t working for corporations. And most of us aren’t serving corporations either. Our clients are other small business owners, other service providers and the like.

What this means is that you’re much less affected by what you’re hearing about on the news than the guy working for Ford or GM. As an independent business owner, your job is secure if you make it that way. Even if you’re, say, a corporate coach who’s working with large companies, you can still have a great deal of control over how successful your business is – and especially in troubled economic times like these.

The key is to first not get scared. Turn off the TV, stop listening to analysis on the radio and just pass by those articles in the newspaper. In other words – stop buying into all the titillating stories about how we’re heading for a depression worse than the 30’s. We may be – and I’m not saying don’t pay attention to what’s happening. Just stop listening to all the scare tactics that keep you from focusing on the growth of your business.

Everyone with half a business sense knows that it’s during an economic downturn that you have great potential to increase revenue and grow your business. But you have to have a strategy for doing so. And the strategy often means looking at your business, your customers and clients and your revenue model with fresh eyes. See the changing market for its benefits. For instance, there’s less money being loaned right now by banks – so don’t rely on borrowed money. And remember that a good portion of your competition does. Tighten your own belt a bit to stay out of debt – but don’t tighten your spending to the point of loosing business.

I ranting now, I know. But the thing to realize is that during a repressed economy like the one we’re facing now there are tons of opportunities – if you choose to see them. Be bold in looking for them. Be bold in taking them on. And be bold in knowing that you have a chance to grow your business while many others are shrinking.

Just be smart. This is not a time to overextend your business. And it’s not a time to take risks that bet the farm like you may have in the past when a loan could bail you out. Be smart – meaning evaluate everything you’re doing in your business. Look for places your can be more productive and more efficient. Look at your costs and make sure you’re getting a return on what you’re spending.

And more than anything, evaluate your market. Not only yours, but others as well. Begin thinking of your business from the point of view of your audience. What are they likely dealing with in these times? How can your business help them get through? Look for opportunities inside the problems people are facing. And attach your business solutions to those problems. Then get out there and let people know that you can help them solve the problems they face.

In other words…define and refine your niche market and how you’re positioned to the people in your niche market. Be bold, yet be smart. Find the new opportunities and be bold in claiming them. Yet be smart in how you go about it. Think it, plan it, do it and measure your results. Then do it again. And you’ll find your business growing – while others fade.

How are you dealing with this economic crisis? What will you do if it gets worse? Are you positioning your business to take advantage of the downturn? How?

Let’s talk about it…

And if you need help clarifying your niche, positioning yourself effectively, or figuring out how to grow your business right now, then you’re welcome to a free consultation with me where we can talk about how to solve the problems you’re facing in your business.

(note: image from fabiogis50 AWAY TILL 2/11 on Flickr,  some rights reserved)

Let’s talk about it

I’ve always been a do-it-yourselfer. I’ve taught myself a great many things by taking this attitude.

When I bought my first house, I completely gutted it – down to the timbers in most rooms. In other places, we removed and moved walls. For instance, I created a large, walk-in closet in our huge bedroom where there was once a little coat room.

When it came to moving plumbing, rerouting and adding electrical, drywall, replacing subfloor, moving my toilets and bathtub drains – I basically did it all. And in most cases, I took to each project never having done it before.

But at some point, you have to live in  your house. And that means it has to get done – as my wife might say, “be livable.”

For us that time came as we neared the birth of our first child. As the first trimester of my wife’s pregnancy led to the second, we had to make some choices. We’d remodel the kitchen later, for instance.

Well, two kids and four years later, the kitchen hadn’t been finished. Yet we wanted to redo the kitchen. It had been one of the main reasons we moved in the house – a huge dinning room adjacent to a tiny kitchen. The remodel was a no-brainer. So, as my wife was pregnant with our third, we made a strict timeline and went ahead with the remodel.

This time, the do-it-yourself Dawud gave way to the asking for help. I called in favors when it came to moving the plumbing and installing the cabinets and countertops. And I hired a contractor to do the electrical and new lighting. The demo (remove a wall, tear out old kitchen), drywall, flooring and painting I’d do myself. And in less than 8 weeks, we completed our kitchen – for the most part (there’s some odds and ends left to do).

What I learned in the process was something that I’ve seen many small business owners struggle with in their business – they don’t ask for help. They don’t seek people to help them with tasks in their business. Rather, they try to do everything themselves. This usually means one of a number of things happens: They either don’t grow very fast because they can only do so much work or their business goes backward because – well – they can’t do so much work.

But when you outsource tasks in your business, it supports your business in a number of ways. One, it frees up some of your time so that you can focus on the tasks in your business that need your specific attention – such as referral marketing or creating new products and services to sell. Two, it creates space for you to take on new projects because you have more time on your hands. Three, it allows you time to clean up the things that have gotten neglected in your business. Four, it starts the process of handing off even more tasks because once you can trust one person with managing a part of your business, you can trust others. And five, outsourcing lets you share your success with another person – helping them become more successful.

If you’re stuggling with the idea, or if it seems that it’ll cost too much, don’t let that stop you. You can manage how someone else completes tasks in your business. And managing takes far less time than doing. And consider the costs not on what you’re paying out versus your revenues. Rather, consider the costs in relation to how much more productive you can be in creating more revenues streams in your business. Paying someone $20 an hour to manage your email, for instance, is nothing when you can generate $50 or $80, $350 or more with that same hour.

Outsourcing is one of the keys to growing your business. So allow yourself a chance to ask for help. There are plenty of virtual assistants out there, for instance, that do all sorts of things – from general office work to executive resources to web and graphic design to marketing. Just find the one that best fits your needs.

And be sure you know when to ask for help.

As a small business owner, are you outsourcing in your business? If so, how’s it working out. And if not, why not…what stops you from asking for help?

Let’s talk about it.

(note: image from jen_maiser on Flickr,  some rights reserved)

Are you ready? Okay…

No matter how well developed your business is; no matter how many years you’ve been doing it, how many customers you’ve served, how much money you’re making – your business will forever be a work in progress.

I heard this years ago from a colleague and fluffed it off with the usual, “yeah, of course!” But I was missing the juice of it. Only recently have I gotten a clear understanding of what it means. And only recently have I taken a close look at how having an unfinished business is the secret to success.

Thomas J Watson, the one-time President of IBM, once said, “Whenever an individual or business decides that success has been attained, progress stops.” In other words, progress is necessary for a business to attain success.

And what does progress mean? According to The New Oxford Dictionary progress is the, “advancement or development toward a better, more complete condition.”

From these ideas, it’s easy to see that successful business are always in progress. And how could they not be?

If you run a business, you likely know more today about who you are, what you do, who you serve and how you serve them then you did when you began. Hopefully, you’ve taken what you’ve learned and applied it to your business – changing what doesn’t work, or what’s incomplete, for methods that are.

You see, a business will always be in progress because everything always is. It’s simple, really. So the real question isn’t whether your business is in progress – because it is. The real question is whether you are honoring the progress in your business. Are you making changes and adjustments as you learn more? If not, why not?

Is your business a work in progress? How?

What’s one thing, today, you can do to advance your business toward a better, more complete condition?

What I discovered was something interesting…once I was outside the box, I was free. I could run, dance, play all I wanted. There were no boundaries, only wide-open spaces. No responsibilities, no deadlines, and no structure. Just unabated freedom.

But that wasn’t the interesting part. Being footloose and fancy free was fun, for a while. That’s right, for a while.

After a short time, however, I got board. I started looking back at the box. I moved slowly toward it. And when I got near, I peered inside. I realized the box wasn’t that bad. It provided structure and boundaries that made me productive. It also gave me sense of purpose since I was responsible for my clients, my family, myself.

Soon, I saw the box not as a prison, but as a container. A container with limitations, sure. Yet as romantic as it sounds to be completely free, it’s the limitations that give our lives meaning. Without them, we’d never accomplish anything.

You see, what I’ve learned is that our boxes aren’t bad things. They’re quite the opposite, actually. They give us perspective on where we’ve been, where we are and where we want to go. It’s good to think outside the box, otherwise you’d never grow. And the funny thing about growing is that soon you should out grow your box and need to build a larger one.

Are you thinking outside your box? When’s the last time you built a larger one?

1. Define your target market
2. Create/revise your web site to make it an effective sales tool
3. Use online marketing techniques to drive your target market to your web site

These three steps are a really nice beginning. But if I’m a small business or independent service professional, you might be asking, “Aren’t I doing this already?”

It’s likely you’re not. The way to tell is to look at how your website came into existence.

The usual web design process is this:

• You decide you need a website
• You hire a web designer whose work you like and fits in your budget (though you’ve likely stretched your budget a bit)
• You decide on the pages you need, maybe with a little insight from your designer.
• Your web designer creates a visual design that you like and they love
• Your web designer builds out your website and launches it for you.

Now you sit back and wait for the business to rush in. But does it? Likely not. Hopefully you’re asking why. The reason is that you need more than simply a website to grow your business through the web. Otherwise, you’re left efforts and expense that isn’t likely to give you a return on your investment.

So how to you develop an effective, successful website/blog? The answer is a bit bigger than I can offer here. But it begins with understanding who you are, what you do and who you do it for and ends with a solid strategy for using your website to reach and convert your market.

Here’s a brief and undetailed outline for developing and executing a successful website/blog:

1. Goals and Objectives – you must know what it is you want to accomplish with your website/blog (or business for that matter)
2. Your Audience – who are you speaking too and what are their needs
3. Your Peers & Competition – what are they doing well and what can you do better
4. Content & Features – what content and features does your website/blog need to have in order to meet your audience’s needs and your business objectives
5. Navigation & Visual Design – what goes where and how does it look
6. Marketing Strategy – you have a website, now what are you going to do with it? How are you going to reach your market
7. Measure and Evaluate – find the metrics and stats that will let you evaluate how well you’re meeting your objectives using your marketing strategy?
8. Refine and Repeat – learn what works and what doesn’t and refine your marketing strategy (and maybe your website).

There. Those are the basic eight steps that a good, online business developer will help you through. The process is a bit longer and more involved than most people know it should be. Yet, it is the path to getting the results you want from your site.

I’ve learned, myself and with my clients, anything less than this overall approach to web business development is likely to fail. There are exceptions, but few and mostly for very rare circumstances.

Have I left anything out? What other elements go into creating a healthy website-based business?