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How’s your business karma?

Flying Solo - 24 July, 2010 - 10:00

If your networking philosophy is based on give-and-take, here’s a tip that will either be an epiphany for you or have you clicking the heck out of here: give-and-give.

Give-and-give is not really a new philosophy. Successful business people are by nature, givers. Instead of asking themselves “What’s in it for me?” they ask themselves “What can I do for them?” 

All things considered, when you do for others, they naturally want to do for you. So all those referrals you hand out and the many recommendations you make for associates you know and appreciate have a remarkable tendency to come back to you in some way. 

It may not be the incense-veiled, meditation-at-daybreak, Zen kind of karma, but it’s still karma. Business karma. 

Give without expectation

Karma, in today’s modern world, is basically the concept of doing for others what you would have them do for you, without expecting anything in return. The less you expect in return, the less disappointment you’ll experience, and the greater your appreciation when it’s your turn to be on the receiving end. 

Actions speak louder than words

Let me put it another way. When you big-note yourself and promote what you do as the best that exists (without proving it by way of action), people turn off in droves. 

On the other hand, soloists who quietly go about proving their worth and integrity by going the extra mile, offering outstanding customer service, and living up to and exceeding promises enjoy the fruits that come with a golden reputation. 

Look for the win-win

Even Pepsi is waking up to the goodness that is business karma. Rather than haemorrhage money into advertising during the 2010 Super Bowl as they did for the previous 23 years, the cola superpower committed a massive $20 million towards grants of up to $250,000 to fund community projects such as re-training laid-off workers and providing free health clinics. 

Cynics (and marketing gurus) might argue that Pepsi’s motivation was not entirely altruistic, but as long as someone benefits from their foray into cause marketing, then it’s a win/win, right? 

Never look backwards

On a much less grandiose scale, we can all use business karma to help us achieve our goals and harness career success. 

If you don’t believe me, think about sales you’ve missed out on or turned down that were somehow replaced by other – perhaps even more lucrative – business. How about the loss of that client you just couldn’t seem to satisfy, and then the introduction to a new one who has become your dream client? 

These things don’t just happen. What you reap, you sow. 

Graciously relinquish any situations or relationships you can’t repair and let them go. Seeking revenge or some other kind of misguided satisfaction does no one any good, least of all your business reputation. Look forward, aim towards your next, positive goals and let business karma take care of the rest. 

Focus on what you do best. Live up to promises, follow through with past clients, continue chalking up your good intentions and karma will, by definition, be very kind to you in return. 

Are you a karma chameleon? If karma has transformed your business please inspire us with your stories. We promise to return the favour.

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Building PR momentum

Flying Solo - 23 July, 2010 - 10:00

Just a little bit of media attention may be all it takes for your publicity to snowball, taking your micro business out of obscurity and into the spotlight.

If you’ve never been in the press, securing media coverage or garnering attention for your business is not usually an instant thing. But publicity IS accessible to everyone and consistent efforts WILL reap rewards.

While it can happen very quickly for some (especially if you are able to tie in with breaking news), for others it may take weeks or even months to see results. This depends on factors such as how simple your story is to communicate, and how consistently you reach out to the media.

Recently I interviewed Justin Herald about his use of PR and publicity to build his Attitude Clothing range, which he started with just $50 in working capital, grew into a business selling more than $7000 worth of t-shirts each week at Parklea Markets, and ultimately developed into a multi-million dollar enterprise.

One of the secrets behind Justin’s success was that he built momentum – and millions of dollars - through free publicity.

Although he didn’t know it at the time, Justin had a great media hook: he was an oddity. In theory his business acumen was zero, and yet he’d built a thriving clothing brand. He challenged every business stereotype, but weekly sales were booming. His oddity made him newsworthy, and that made Alan Jones want to chat to him on Sydney radio station 2UE.

Justin then discovered one of the biggest benefits of publicity. Journalists often discover their next news story by paying attention to what’s making news elsewhere, so it’s no surprise that shortly after the 2UE interview, Justin was asked to appear on A Current Affair, putting his grass-roots clothing brand in front of millions of people.

The very next morning, he received hundreds of calls from retailers wanting to stock his products.

What he’d achieved was a beautiful example of momentum and publicity leverage. That radio interview took him from talking to a few people at a time to a sweet television appearance that catapulted his brand into the spotlight and into the awareness of millions of potential customers. And the sweetest aspect of all was it cost him nothing but his time.

Following these four principles could help you build similar momentum behind your own PR efforts.

Persevere

Like growing your business in general, a successful PR campaign needs time and energy dedicated to it.

That means continually developing new pitch angles to spark the interest of the media, and regularly following up with the news organisations that you’d like publicity from.

Don’t try to build Rome in a day

There’s a wide universe of media out there and the thought of attempting to reach them all can feel overwhelming. Try starting in your local market, because you already have built-in news value by being a local business or expert.

Or focus on one specific media genre, such as the business press or the trade publications read by your industry. “Working” one area of media like this can give you the confidence and success to spark momentum.

Set clear goals - on paper

Write down your public relations goals and three things you can do to achieve each of them. Take at least one action step a day that gets you closer to achieving a goal.

The mere process of taking that action creates momentum that will build upon itself.

Build time for PR into your schedule

Find at least an hour a week to focus on your PR efforts, even if you can only manage to block out 15 minutes at a time. Don’t fall into the trap of thinking that if you don’t have much time you don’t have enough time. In a quarter of an hour, you could email a pitch to five journalists, place three follow-up calls, or research a new media outlet to see whether it might be a PR opportunity for you.

Finally, here’s Justin Herald’s advice for soloists looking to escalate their publicity results, media relationships and PR momentum:

Read the newspaper, watch current affairs and listen to talk back radio every day. Then you’re across what’s trending and what’s not, and are able to quickly phone up and offer your opinion.

If you’ve had a similar PR experience to Justin’s, we’d love to hear how you did it. You never know, telling us your story here might be the push your publicity snowball needs!

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Yahoo testing Bing results

Taming the Beast - 22 July, 2010 - 20:33
Noticed any change in your Yahoo traffic over the last couple of days? Bing’s moving in. Yahoo has announced it has started testing Bing supplied organic and paid search results for up to a quarter of Yahoo’s U.S. search traffic. Yahoo says it will also be integrating Microsoft’s mobile organic and paid search listings over the next [...]


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Step out from behind your desk

Flying Solo - 21 July, 2010 - 10:00

Want to know one of the fastest ways to build your business? Get out of your office and meet people!

I’m surprised how many solopreneurs stay behind their desks while trying to build their businesses. It’s time to get out and develop strong one-on-one relationships, especially if you’re just starting out.

Making the effort to meet people face-to-face will have more impact in terms of attracting clients and building your business than almost any other activity. Here are my four favourite tips for getting yourself out there.

Apply the 80/20 rule

If you don’t have a full client load, you need to be spending 80 per cent of your time on business development. There may well be things that need doing back at the office, but if you’re in a growth or expansion phase, the bulk of your time needs to be devoted to connecting. 

There is no better way to connect with potential clients or advocates than face-to-face. Do whatever it takes to allow you to build relationships, meet potential clients and get your name out amongst your target market. 

Go to events

Where can you find your ideal clients congregating in large groups? It could be at specific networking events, a seminar or at a conference. 

In fact, why not find out if you can secure a slot to speak at events like these? 

You never know, someone you meet or who hears you speak at a networking event may be in urgent need of your services, or may recommend you to someone who is. 

A networking tip that I heard recently made a lot of sense to me, so I’d like to share it with you: Rather than running around trying to meet as many people as possible at events, set yourself a goal of connecting strongly with three people who you can develop an on-going relationship with. 

Refine your elevator pitch

Get clear on the benefits and solutions you provide potential clients so you’re not in danger of waffling when asked, “What do you do?” 

You know the question is going to come up (repeatedly!) so make sure you also know how you are going to respond, in a clear and concise way. 

Your elevator speech should state your core message in a way that encourages people to stop and ask more. Remember that people buy benefits and results; they don’t buy features, so focus on your benefits. (If you need some help honing your elevator pitch to a razor-sharp edge, you’ll find some excellent pointers in this article). 

Follow up!

You’re wasting your time if you’re meeting people and not following up. A follow up can be as simple as sending a “Nice to meet you” email, or a copy of your free e-book or product. 

You can also follow up by sending your new contact something that relates to the topic you were speaking about – even if it has nothing to do with your actual business. 

Don’t forget to ask them how you can support them. And don’t be a fly-by-night; make sure you then stay in contact with them. 

At the end of the day, getting out from behind your computer and meeting others is fun. You never know who you might meet and where that could lead you. 

Is networking important for your business too? Please share your experiences below.

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Step out from behind your desk

Flying Solo - 21 July, 2010 - 10:00

Want to know one of the fastest ways to build your business? Get out of your office and meet people!

I’m surprised how many solopreneurs stay behind their desks while trying to build their businesses. It’s time to get out and develop strong one-on-one relationships, especially if you’re just starting out.

Making the effort to meet people face-to-face will have more impact in terms of attracting clients and building your business than almost any other activity. Here are my four favourite tips for getting yourself out there.

Apply the 80/20 rule

If you don’t have a full client load, you need to be spending 80 per cent of your time on business development. There may well be things that need doing back at the office, but if you’re in a growth or expansion phase, the bulk of your time needs to be devoted to connecting. 

There is no better way to connect with potential clients or advocates than face-to-face. Do whatever it takes to allow you to build relationships, meet potential clients and get your name out amongst your target market. 

Go to events

Where can you find your ideal clients congregating in large groups? It could be at specific networking events, a seminar or at a conference. 

In fact, why not find out if you can secure a slot to speak at events like these? 

You never know, someone you meet or who hears you speak at a networking event may be in urgent need of your services, or may recommend you to someone who is. 

A networking tip that I heard recently made a lot of sense to me, so I’d like to share it with you: Rather than running around trying to meet as many people as possible at events, set yourself a goal of connecting strongly with three people who you can develop an on-going relationship with. 

Refine your elevator pitch

Get clear on the benefits and solutions you provide potential clients so you’re not in danger of waffling when asked, “What do you do?” 

You know the question is going to come up (repeatedly!) so make sure you also know how you are going to respond, in a clear and concise way. 

Your elevator speech should state your core message in a way that encourages people to stop and ask more. Remember that people buy benefits and results; they don’t buy features, so focus on your benefits. (If you need some help honing your elevator pitch to a razor-sharp edge, you’ll find some excellent pointers in this article). 

Follow up!

You’re wasting your time if you’re meeting people and not following up. A follow up can be as simple as sending a “Nice to meet you” email, or a copy of your free e-book or product. 

You can also follow up by sending your new contact something that relates to the topic you were speaking about – even if it has nothing to do with your actual business. 

Don’t forget to ask them how you can support them. And don’t be a fly-by-night; make sure you then stay in contact with them. 

At the end of the day, getting out from behind your computer and meeting others is fun. You never know who you might meet and where that could lead you. 

Is networking important for your business too? Please share your experiences below.

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Xtreme shoppers

Taming the Beast - 20 July, 2010 - 19:21
An integrated study of shopping behaviors has identified a new breed of consumer; the “XTreme shopper”. They don’t just buy a lot online, they are smart about it. According to GfK Consumer’s Future Buy study, 31% of Americans are in this category of consumers, signaling what the company says is a new “shopping culture.” The [...]


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The Power of Community

Flying Solo - 20 July, 2010 - 10:00

Coming up with the theme for this year’s Flying Solo LIVE! wasn’t difficult. We get daily reminders of what’s possible when like-minded people come together. But what’s in it for you?

Quite a lot as it happens and I’m not just talking about our event. Whether you come or not, you’ll get to see the awesome speaker line-up through articles and videos, and of course we’ll be sharing notes from a number of the sessions as we always do. 

So if you don’t make it, or if we sell out as we have done each year, you’ll still get plenty of benefit. 

Don’t want to miss out? Secure your place now

But where the power of the Flying Solo community truly works for you is in finding answers. If you want support with a business challenge, you’ll find it here. 

Whether in the form of an article from our massive library; a hands-on workshop at Flying Solo LIVE! or direct from fellow business owners who’ve trodden the same path. 

Having the right solution is no accident. And it’s thanks to you. You may not realise that the findings from our biannual community survey determine precisely how we schedule our publishing; how we design our conference; how we develop our website. Frankly,  how we stay at the top of your game. 

Again, the power of community. 

Our forums – your forums – topped 11,000 members at the end of June and while numbers alone are fairly meaningless, the level and nature of activity is astonishing. Every second of every day, the forums are abuzz with conversation, learning, sharing and networking. 

Up to the minute proof of the power of community. 

Similarly our new directory attracts around twenty new members a day and from feedback we’re getting that too is bringing tangible benefits to those who have taken the time to develop a profile and broaden it through commenting on articles and participating in forum discussions. 

The handful of  soloists at FSHQ feel so fortunate to be custodians of this community and in just eight short weeks we’ll be lucky enough to rub shoulders with a few hundred of you and feel the power spark between us all.

How does being part of a community - any community - benefit your business?

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Why do you want to be more organised?

Flying Solo - 19 July, 2010 - 10:00

When it comes to getting organised, it’s important to understand your motivation for making changes.

Note: I’m talking about your own motivation, not someone else’s! (That means the reasons suggested by your nagging boss or long-suffering spouse don’t count). 

What will the benefits be?

Ask yourself what benefits you’ll gain by being more organised. How will it have a positive impact on your life? 

Perhaps you’ll think more clearly without those unfinished ‘tolerations’ in your life? Maybe getting organised will help you better manage your money or your time

Are you looking forward or backward?

Many clients and potential clients contact me for help when they’re in a state of organisational crisis. There’s nothing like a crisis to motivate people, but people in crisis mode inevitably look backward and say “I can’t take it anymore.” 

I believe it’s more valuable to look forward to the future. Sure, you don’t want what you’ve got now, but can you envisage what you do want? 

It’s a bit like dieting or getting fit. You may be sick of being a certain size or not having the lung capacity to climb a flight of stairs, but if you can’t imagine yourself with a different body shape or level of fitness, it’s hard to stick with an exercise program for long enough to reap the benefits. 

Are you simply sick of the status quo, or can you imagine a different future? 

Visualise the outcome

You’ll find yourself more motivated to get organised if you can clearly imagine yourself as an organised person, reaping the benefits of the changes you’ll make. 

Take some time now to imagine the perfect outcome. Where are you and what are you doing? How are you feeling? How are your friends and family reacting? 

Which of the following benefits of being more organised are relevant to your vision of the future? 

  • More time?
  • More space?
  • More energy?
  • More money and profitability?
  • Less stress?
  • The sense of being in control of your time and your ‘stuff’, rather than the other way around?
  • Being effortlessly punctual and meeting deadlines more easily?

This article is the first in a series outlining the secrets to getting and staying organised. In the next article I’ll help you get clear about where to focus your attention for the best results, but if you’re eager to get started, here are five ways to get more organised to kick you off. 

Share your own reasons for getting more organised below. If you’ve already made the transition, were the results even better than you imagined?

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Email response times survey

Taming the Beast - 18 July, 2010 - 19:59
New research has found nearly half of email related transactions and three-quarters of opens and clicks occur within one day of the message having hit a consumer’s inbox. Conducted in March 2010 by Experian CheetahMail’s Strategic Services group, email performance was analyzed for just over 44,000 mailings from 404 merchants from different sectors. Results of [...]


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Why being green is not enough

Flying Solo - 17 July, 2010 - 10:00

As businesses clamour for the green dollar, they might be missing the basics of what consumers are really looking for.

While green has entered the mainstream consciousness of consumers, new research commissioned from the Australian Food and Grocery Council shows action does not always follow readily. A 1000 shoppers were interviewed during May 2010 and while 80% of respondents stated the environment is of importance to them, just 13% followed through with action at the checkout on the day the research was conducted.

Why the gap?

From a niche consumer segment just a few years ago, green business has transformed into a sophisticated multi-billion dollar industry with thousands of products and services, though it could be much bigger with some simple measures. The problem is a lot of promises are being made about green products and this is causing some confusion for both b2b (business to business) and b2c (business to consumer) market segments. Confusion about environmental claims and product performance are key reasons for lack of follow through by consumers, although plenty of interest is there.

What’s the remedy?

Successful green products and services build their business on ensuring they can deliver a high performing product that is as sustainable as possible, and are very clear in the marketing and communication about what the product or service does, how well it does it, and what the environmental impacts are.

ECOVER: A good example of  “doing green marketing well”

The Belgium based cleaning product company ECOVER has a range of cleaning products for the kitchen and bathroom, and has a turnover of around $100 million a year.

“I am a micro-business” I hear you scream, “I can’t relate to a business with sales over $100 million a year”…

But wait…ECOVER started off in a garage owned by an out of work soap salesperson in the 1980’s. It has grown to be one of the most successful green brands ever created by being a business first, and an environmental saviour second. This principle has been engrained in the company since its garage days as a micro business. In an interview with Time Magazine CEO Mick Bremens was quoted -

“Our products have to perform, if a business wants to survive it obviously has to make profits. But then our attention goes to the environmental responsibility, and we try to behave as sustainably as possible. That means trying to balance economical, ecological and social behavior”.

ECOVER has gone on to say that “total sustainability” is never really achievable; it is a constant work in progress. This kind of honest approach coupled with real sustainability measures and a high performing product that represents good value for money is why ECOVER is doing so well. They produce a product that is as sustainable as possible, while ensuring it works as well as those from brands who are less environmentally attuned.

Here are some lessons from ECOVER on what green consumers consider before making a purchase.

  • Performance & quality. Both b2b and b2c market segments are looking for performance and quality. It’s vital that any product or service can perform as well as any non-green brand, just like ECOVER.
  • Value for money. This is not about the initial price customers or client’s pay; it’s about the value. For example many of ECOVER’s products are concentrated in form, so value is delivered over time.
  • Safety. A clear reason many sustainable, organic, green products are purchased is that the ingredients / components used to make them (whether a cleaner or new computer) are safer for humans to eat, wash with, clean or even recycle. 
  • Communication. ECOVER and many other successful green brands are very good at communicating the products brand essence. It’s about keeping the marketing message simple and engaging the audience at multiple levels.
  • Availability. There’s no point in having a great product or service if it’s confusing or difficult to buy. Make sure your brand is easy to do business with by ensuring what you're offering is easily delivered.
  • Sustainability. To be a green brand you need to be as sustainable as possible (environmentally and socially). Produce a 360-degree sustainability policy and get some independent assessment of your strategy and implementation. Remember not to over-state your green credentials – visit the greenwashing article for more on this.

What brands do you think are a good, or indeed a bad example of green marketing?

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Web page statistics from Google

Taming the Beast - 16 July, 2010 - 19:14
Google recently released some statistics about the size, number of resources and other web page metrics based on a study of 4.2 billion pages. Google found that the average page size; including images, scripts, HTTP headers etc was a whopping 320 kilobytes. Back in the days of 28.8k modems, which really wasn’t all that long ago, [...]


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Minimise expenditure and maximise cash flow

Flying Solo - 16 July, 2010 - 10:00

Minimising expenditure is a critical component of business survival and cash flow. Follow these practical guidelines to help keep your business expenses under control.

Plan your expenditure

When considering any business expenditure, question whether it’s really necessary, and if so, whether you need it now? Will you utilise the item or service as soon as it’s purchased, or can the expenditure be delayed?

This is an example of why it’s useful to have a budget in place for your business. If you’ve already determined your spending limits for the year or quarter, you’ll be able to decide whether a particular expense is warranted much more easily.

If putting together a complete budget for your business is too daunting, at least formulate a plan and time frame for expenditure on major areas of your business.

Assess the return on your investment

What is the return on investment (ROI) of the expenditure? What will it return to the business over a period of time - say a year? Will it lead to income generation? Will it have a resale value? Do you really understand what it will contribute to the business?

With the answers to all these questions in mind, is it worth the money?

Comparison shop

If you decide to go ahead with the expenditure, shop around, compare prices, seek quotes, watch the sales, use vouchers and always try to negotiate a better price.

Be accountable for your business spending

As a soloist, are you being held accountable for your spending? Discussing business expenditure with your partner, accountant, business coach, or advisory board on a regular basis can be a valuable business strategy, and may help you identify new money saving tips.

If social embarrassment curbs your spending habits, you could even link your Twitter account to Blippy, which tweets the expenditure on your credit card in real time.

Think outside the box

Is there a way you can have the product or service you want without spending the money? Are there borrowing, co-sharing or renting options available?

Like one of my clever clients, you may find it fun to turn money saving into a game, competing against yourself to spend less and less with every passing month. Another client rents an office for his business, and then sublets the space he doesn’t need at a rate that more than covers his own rent.

It may seem exhausting and onerous to apply these guidelines to every purchase, but it is essential to understand that unnecessary expenditure could lead to cash flow problems. I have firsthand experience of watching businesses misguidedly outlay huge expenses early in their operation, only to teeter on the brink of collapse for months or years afterwards. Spending money wisely will enhance the stability and longevity of your business.

Are you a smart spender? If you’ve got any extra tips for putting the brakes on unnecessary expenses, please share them with us below.

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Search engine marketing rebounds

Taming the Beast - 14 July, 2010 - 20:36
The Search Engine Marketing (SEM) industry has experienced solid growth in the second quarter of this year compared to Q2 2009 according to Efficient Frontier’s U.S. Search Engine Performance Report. In Q2 2010, year over year investment was up 24%, with a 9.7% increase in spend quarter over quarter, partly due to an increase in click [...]


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Turning inspiration into action

Flying Solo - 14 July, 2010 - 10:00

Business ideas are so cheap you can get a dozen of ‘em for a dime. But how do you bridge the gap between inspiration and results?

Harness your ideas

Some ideas hit you suddenly like a bolt of lightning. They might stem from a conversation with a colleague, or a dream that’s been harboured for a long time. 

I don’t know about you, but I find that it’s when I’m relaxing on a weekend or enjoying a good glass of wine that the most wonderful business ideas flutter in on silver wings. It’s as though I need to give them a little space away from work so they can bubble up into my consciousness. 

I gleefully savour these moments of inspiration. 

Funnily enough, though, that doesn’t necessarily mean I actually have the motivation to do anything about them. When faced with the reality of having to invest time, hard work and money, it all just doesn’t seem as fun anymore! 

Commit to something

For some people, it may be a case of having too many ideas, wanting to tackle all of them at once and not knowing where to start. 

Try and pick just one and focus on that first. It’s better to give one idea 100% of your energy and see it move forward than to split your attention over ten ideas and give each of them only a portion of your efforts. 

Make a realistic plan

Once you’ve decided to follow through on your idea, break it into a set of achievable goals and tasks. 

Don’t set yourself the task of writing your entire business plan in a month if you have three kids and a full-time job. Setting unrealistic goals just results in discouragement and frustration. 

Stay motivated by thinking long term

Motivation is much easier when it’s driven by emotion. So, before you sit down to do anything, think about a happier lifestyle, a more fulfilling job or the smiles on your customers’ faces. 

A clear picture of your end goal and its consequences will have you steaming towards the reality of your new business faster than you thought possible. It’ll make it easier to tick all those mundane tasks off your to-do list too. 

Persistence pays off

I think the key to turning an idea into reality is to just keep coming back to it. Persist with setting up structures and systems, doing loads of research and asking lots of questions. 

Where did you get the inspiration to start your business? I’d love to read your stories.

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What stops you starting your own business?

Flying Solo - 13 July, 2010 - 10:00

A friend recently completed his first successful year as a solo business owner. His synopsis: “Why didn’t I do this sooner?” Well, there are lots of reasons.

While the Flying Solo community is buzzing with established entrepreneurs, we know that there are also thousands of aspiring business owners lurking, learning and plotting their launch.

A little while back I asked What makes you start your own business? So it now seems fair to explore the reasons that hold back would-be entrepreneurs.

When thinking about my own feelings before starting up, there were half a dozen hurdles in the way:

  1. Money: How will I replace the salary needed to maintain my mortgage, my bills and lifestyle? Can I cope without a regular salary, and for how long?
  2. Insecurity: Am I good enough? Will people pay for my skills? When I first started, I went for a year or two fretting on client feedback, convinced that every project could be my last.
  3. Fear of failure: What if this all goes down in a ball of flames? Will people think I’m a loser?
  4. Peer pressure: Starting a business is a path most people choose not to go down. There’s no shortage of people willing to point out the risks and pitfalls. “Why chuck in a perfectly good job?”
  5. Identifying a passion: Answering the old “I’ve no idea what to do!” dilemma. It took me a few years, and a few ‘real’ jobs, before I finally realised that writing was the part I really enjoyed.
  6. Lack of courage: It doesn’t matter how confident, prepared, experienced or cashed-up you are, there’s no denying that striking out on your own takes a stomach-turning leap of faith.

In my case, it all essentially boiled down to fear.

Some fears are well founded and need to be addressed through education, planning or expert advice, while others are irrational insecurities. The key is to be aware of them, understand the difference and deal with them appropriately.

If you have your own business, we’d love to hear what barriers you tackled before taking the plunge. If you’re yet to go it alone, what’s holding you back?

Go on, leave a comment. Don’t be scared.

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Turning conference delegates into sales leads

Flying Solo - 12 July, 2010 - 10:00

You’ve landed a great speaking spot at a national conference. The audience is full of prospects from your target market, and what’s more, they’re all looking up at the podium waiting to hear you speak.

The conference chairperson has just introduced you, and as you look out at the audience, all you can think about is how much money you could make if you could convert some of those delegates into paying customers.

So what do you do next?

Don’t sell

Whatever you do, don’t sell to your audience. It might sound counter-intuitive, but don’t talk about yourself, your business or your products or services at all. (That includes telling them how much money they could save or how much profit they could make if they choose to work with you).

The delegates don’t care too much about how many employees you have or when you started your business, and the last thing they want to hear is a sales pitch.

Give something away

If you want to capture their attention, have them lining up to speak with you after your session, and ultimately create the possibility of a business relationship with them, give your audience something useful.

Really, really useful.

Show them how they can increase sales, reduce costs, or streamline processes. Straight away.

Choose something that will help them immediately, without any further assistance from you, as soon as they get back to their offices.

It has to be free. And if you can, make it something big.

Get them to come to you

By not giving a sales pitch, and by giving the delegates something they want and can use, you have taken the first steps to establishing your credibility and trustworthiness. Now you’ll want to capitalise on that, but conference organisers rarely give out attendee lists, so you’ll have to get the delegates to come to you.

Two of the most successful ways to do that are to conduct a prize draw encouraging the delegates to put their business cards into a bowl so you can draw out a winner, and offering a white paper, copy of your presentation or something else useful that’s related to your speaking topic. All the delegates have to do is give you their business card at the end of the session and you will follow-up with them.

Provide value for money

Twenty years ago, you might have been excused for blathering on about your company, and what you could do for customers – but not anymore. If the delegates wanted a sales pitch, they could have invited you to their offices for free.

The attendees have probably paid very good money to hear you speak, so make it worth their while. Make it your goal for your session alone to be worth the price of the whole conference.

Keep the event organiser happy too

By packing as much useful information into your session as possible and avoiding anything that even remotely resembles a sales pitch, you’ll also keep the event organiser on side. After all, the last thing they want to deal with is a barrage of complaints from irate customers who feel they were sold to and didn’t get their money’s worth.

And if event organisers are happy, they’re more likely to invite you to speak at follow up events.

Have these strategies worked for you? If you’ve got any extra tips please share them below. For free. Your audience is waiting...

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Training grants for mature age workers

Flying Solo - 11 July, 2010 - 00:02

Find out if your business is eligible…

Training grants for mature age workersMonday 05 July 2010

On 1 July 2010 the Australian Government launched a new suite of services designed to support mature age Australians who want to stay in the workforce.

Through the Department of Education, Employment and Workplace Relations (DEEWR) Experience Plus program, employers may be able to access grants of $4 950 to train workers aged 55 years and over so they can provide supervisory or mentoring support in the workplace.

There are a range of other tools and resources available on the Experience Plus website to help employers attract and retain skilled and experienced workers.

To find out more information, visit the DEEWR website.

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Events for August 2010 now available

Flying Solo - 11 July, 2010 - 00:02

Find and register for events in your region...

Events for August 2010 now availableTuesday 06 July 2010

The business.gov.au events calendar now lists business events for August 2010. You can find networking functions, workshops and seminars focussing on starting and growing your business.

To get started, visit the business.gov.au Events calendar and search by your state, date or event category. For further information or to register for business events in your area, contact the administering agencies directly.

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Insulation Industry Assistance Package (IIAP)

Flying Solo - 11 July, 2010 - 00:02

Program re-opened for applications until 30 July 2010...

Insulation Industry Assistance Package (IIAP)Wednesday 07 July 2010

If you wanted to apply for the Insulation Industry Assistance Package (IIAP) but missed the June 2010 cut off, then you may want to consider applying now. The IIAP has re-opened and applications are being accepted until 5pm, 30 July 2010.

The IIAP offers assistance to eligible manufacturers, distributors, importers and installers of approved ceiling insulation products who were adversely affected by the termination of the Home Insulation Program.

To find out whether your business is eligible or to apply, visit the AusIndustry website.

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Checklists to guide your business

Flying Solo - 11 July, 2010 - 00:02

Updated versions now available…

Checklists to guide your businessFriday 09 July 2010

The latest versions of business.gov.au's popular business checklists are now available.

Whether you're starting or growing a business, finding the right information quickly and easily can help your venture become a success. We provide FREE checklists to walk you through each stage of your business.

Starting a business checklist

If you're new to business there are many considerations you need to make-working out which business structure suits you, registering a business name, understanding your taxation and OH&S obligations, finding out how to obtain finance, or where to go for advice and support.

This easy-to-read checklist will guide you through the process of starting a business.

Growing a business checklist

Whether you're increasing staff, diversifying products or services, exporting goods, franchising your business or simply moving to bigger premises-this checklist covers many of the issues needed to help you grow your business.

To order a hard-copy of the checklists, email publications@business.gov.au or to download a copy, visit our checklists page.

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