Hone Your Edge, Stay Focused

Written by Duane Gordon


A common hazard faced by new entrepreneurs is a lack of faith inrepparttar power of their offer. Many business people lose focus because they are worried they won’t generate enough cash flow from their core product. They attract potential customers with outstanding expertise but then muddyrepparttar 104192 water by trying to sell anything those customers want, regardless of how it fits into their business plan. This is confusing, both forrepparttar 104193 customer, who doesn’t really know what type of business you have, and for yourself. Here’s how to stay on track.

Many business people lose focus because they’re worried they can’t generate enough cash flow from a small group of products or services. You attract potential customers with your outstanding expertise but then muddyrepparttar 104194 water by offering anything those customers want, regardless of how it fits into your business plan. You lose focus. If you don’t focus, you won’t haverepparttar 104195 knowledge you need to help your customer. You need to solve problems and offer a complete solution. You can only do that well in your area of expertise.

Losing focus sets you up for failure. If you can’t solve your customers’ problems, your business won’t earn a reputation as a good resource. This applies to any type of business. Imagine that you offer computer accounting services. You are an excellent accountant; you have a good reputation and an excellent rapport with your customers. If your customer needs a new computer, chances are they will ask you if you sell computers. Lose focus and you may be tempted to say yes. After all, you know computers... you use them allrepparttar 104196 time for your computer accounting business.

However, while you may use computers in your business, you are not necessarily an expert inrepparttar 104197 computer retail business. You may not knowrepparttar 104198 best wholesalers. You’re not equipped to deal with repairs. You probably won’t make money sellingrepparttar 104199 computer after you invest allrepparttar 104200 time necessary to learn how to do it properly, andrepparttar 104201 time you invest takes time away from your already successful business. What’s worse is that a customer dissatisfied with your service won’t tell other people not to buy a computer from you, she’ll tell them not to deal with you at all.

If you lose focus and try to be all things to all people, you will not be as successful as you could be in any business. Successful businesspeople tell you to focus on what you do best. Master your business and give your customers value. If your customer comes to you looking for something that is not part of your core business, refer her to someone else. In fact, you could even make a deal with another Web site and have them refer customers to you as well.

Affiliate programs do exactly that. Inrepparttar 104202 end, you serve your customers better and they will continue to value your advice, your products and services. There are ways to offer more products and services to your customers and increase your cash flow without losing your focus or diluting your brand. Let’s look at a concrete example.

Marie-Lynn and I were talking about a new business she wants to set up. Marie-Lynn is interested in mobile entertainment systems. In fact, she’s looking for a DVD player for her car. She often travels by car with her husband and daughter, visiting family in other cities. Her daughter is now old enough to askrepparttar 104203 dreaded question, "Are we there yet?" She thinks it would be interesting to get a VCR or DVD player for her car to keep her daughter (and husband!) quiet and entertained.

Doing some research, she quickly realized there was a business opportunity here. Buying a car that has a DVD player included costs about $10,000 more than average because they tend to be luxury models. That’s a bit expensive for a DVD player! She looked for places that sell kits for DVD players, much likerepparttar 104204 kits you can get for car stereos. She found there were very few stores that would add a DVD player to a car, and she couldn’t find any "do-it-yourself" kits onrepparttar 104205 market. She was sure other people were havingrepparttar 104206 same problem.

A PR Surprise for Managers

Written by Robert A. Kelly


Please feel free to publish this article and resource box in your ezine, newsletter, offline publication or website. A copy would be appreciated at bobkelly@TNI.net. Word count is 1110 including guidelines and resource box. Robert A. Kelly © 2004.

A PR Surprise for Managers

For those business, non-profit and association managers committed to PR tactics like radio and newspaper plugs, it can come as a surprise to discover where public relations value REALLY lies.

Truth is, your PR budget can deliver results far beyond such limited publicity placements.

For example by embracingrepparttar kind of PR plan that persuades those important outside audiences to your way of thinking, and moving them to take actions that help your department, division or subsidiary succeed.

Then by usingrepparttar 104191 high-impact, fundamental premise of public relations to deliver external stakeholder behavior change –repparttar 104192 kind that leads directly to achieving your managerial objectives.

And finally by revving uprepparttar 104193 creative potential of your assigned PR team or agency and involving them in a way that positively impactsrepparttar 104194 behaviors ofrepparttar 104195 very outside audiences that MOST affect your unit.

Perhaps then you will find yourself with a basketful of results such as prospects starting to do business with you; community leaders beginning to seek you out; newly arrived proposals for strategic alliances and joint ventures; customers starting to make repeat purchases; membership applications onrepparttar 104196 rise; politicians and legislators beginning to think of you as a key member ofrepparttar 104197 business, non-profit or association communities; welcome bounces in show room visits; and even capital givers or specifying sources starting to look your way.

Spend a moment here and read that fundamental public relations blueprint referred to above: People act on their own perception ofrepparttar 104198 facts before them, which leads to predictable behaviors about which something can be done. When we create, change or reinforce that opinion by reaching, persuading and moving-to-desired-actionrepparttar 104199 very people whose behaviors affectrepparttar 104200 organizationrepparttar 104201 most,repparttar 104202 public relations mission is accomplished.

This lets you broaden your public relations field of fire, putting its primary focus where it belongs, on your unit’s key external stakeholder behaviors.

A caveat here: be sure thatrepparttar 104203 public relations personnel assigned to your unit really believe – deep down -- why it’s SO important to know how your most important outside audiences perceive your operations, products or services. Be certain they accept repparttar 104204 reality that perceptions almost always lead to behaviors that can help or hurt your unit.

Review with them your blueprint for monitoring and gathering perceptions by questioning members of your most important outside audiences. Questions like these: How much do you know about our services or products and employees? How much do you know about our chief executive? Have you had prior contact with us and were you pleased withrepparttar 104205 interchange? Have you experienced problems with our people or procedures?

When you think of it, you’re fortunate that your PR folks already are inrepparttar 104206 perception and behavior business so they can jump right onrepparttar 104207 perception monitoring assignment. If your budget can handle it, you can always use a professional survey firm, but they can be very expensive. Nevertheless, whether it’s your people or a survey firm askingrepparttar 104208 questions, your objective is to identify untruths if not outright lies, false assumptions, unfounded rumors, inaccuracies, and misconceptions .

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use