Business Owner Newsletter - Page 43

Computers crash...it's a fact of business, but most small business owners are unprepared.  It's easy to think that it'll never happen to your business or that you already have a system in place to handle this. We know from experience that as much as we wish those two thoughts to be true, they are often not. So even if you have a system in place read these 3 tips and evaluate where your business is really at:

Systems are a means to an end. And that end is your vision. As we've discussed, some argue that systems are robotic and kill creative environments.  And they can be....if you let them. The simple truth is that as a business owner, you control how systems are written and operated which influences that end result.   If you don't want to have a robotic and uncreative environment, let your Entrepreneur personality kick into gear.

The E-Myth Revisited has a way of staying with readers long after they first picked up the book. Perhaps it's because business owners read it and immediately relate to the stories of Sarah. If you haven't read the E-Myth Revisited let us give you a biased opinion-you should! If you have read the E-Myth Revisited it is a good time to pull it out and be re-inspired. Here's a list of great topics in the book to check out.

"When you first start off trying to solve a problem, the first solutions you come up with are very complex, and most people stop there. But if you keep going, and live with the problem and peel more layers of the onion off, you can often times arrive at some very elegant and simple solutions. Most people just don't put in the time or energy to get there." - Steve Jobs

This week we ask you to set some time aside and ask yourself: "What problem in your business tends to keep reoccurring, because the solution is complex?"

There are critics who say that the world and the world of business have changed to the point that the E-Myth Revisited, by Michael E. Gerber, is no longer relevant. Often times, anti E-Myth arguments center on the idea that systems make for a formal and rigid work environment, thus creating an almost robotic culture that crushes any sign of creativity and innovation.

It's easy to ignore the critics. The E-Myth Revisited is a New York Times Best Seller and has been used successfully in over 50,000 businesses worldwide. We know that it works. We see the successes every day, but it's worth asking, "Has the world and business changed since the writing of the E-Myth Revisited?

Absolutely!   Social Media wasn't a hot topic when Gerber penned the E-Myth. Employers were talking about how to manage the baby boomer generation and prepare for the generation X. In today's world, social media is a topic of interest with other "traditional" media and employers are talking about how to handle the retirement of the baby boomers and prepare for the millennium generation.

... We saw this sign while driving and just had to send a kudos to this business for working a pun and the start of asking for referrals into their name!  It's very catchy and sure to be remembered.

This month we have focused on developing a referral strategy by zeroing in on the art of proactively asking for a referral. Asking for referrals is known, as it should be, as a required element of a successful business. Yet, what we see time and time again is that most businesses do not have a proactive referral strategy in place. Referrals may come to them, but they've yet to develop the combination of habit and experience that is needed to have a true referral strategy in place. The result of not having a referral strategy in place? A loss of opportunity and at what cost?!

 

Take a moment and imagine if your business could double the number of referrals that come through your doors. How would your closing ratio be impacted? How much would your revenue increase? How would your sales process be impacted?

Referral gathering is as easy as asking for them. Here is a strategy that will help your business to "ask for" and then "gather" referrals.   Do you currently use an agenda when meeting with your clients or potential clients? If not, start by considering using the one that will...

A sample agenda designed to help business owners ask for referrals.

Last week we focused on creating a referral strategy and discussed the importance of proactively asking for referrals. Another important element of creating a referral strategy is making sure your business creates a quality experience that your customers are excited for their family and friends to experience.  This week we challenge you to think about these quotes and their corresponding questions that focus on both elements of a successful referral strategy: the habit of asking and creating the experience.