• The Planning Series - Part 1 (Overview and Focus)

31st July 2007

The Planning Series - Part 1 (Overview and Focus)

Not matter what kind of business you’re in; having a plan is crucial to an positive outcome for your business.

A plan provides you with the necessary focus and direction. As Yogi Berra said “When you don’t know where your going any road will get you there”. Do you know where you’re going or are you just “letting it happen” – if you’re just letting it happen, how’s that working for you? For 99% of businesses is the path to disaster, both financially and emotionally.

Having a plan allows you to use your limited resources (time, money, effort) effectively and efficiently.

Most small business owners cringe at the thought of a “business plan”, the proverbial 50+ page bible. Who has the time for this? Who has the fortitude for this? Who has the desire for this? Certainly not me and I am fairly certain not you. And unless you are going to external sources for financing or support of some kind it’s not necessary.

There are many resources out there to assist you in doing a short and sweet business plan. One I recommend is the One Page Business Plan by Jim Horan. When I reconfigured my business this is what I used to do my business plan. Other than the dreaming/thinking time involved it took me about 16 hours (over several days) to do it. Who doesn’t have 16 hours for this task?

Planning is nothing more than setting your Vision and Mission, identifying and preparing your Goals and Objectives based on your Vision and then prioritizing them into some kind of order. There are six simple steps in developing a workable plan (don’t over think it, don’t over complicate it, this isn’t Quantum Physics) for the typical business owner, I’m not saying you’re typical, but if you were typical, they would be:

1) Set your Vision
2) Define your Mission Statement (as necessary)
3) Identify and prepare your Goals and Objectives
4) Define your Strategies to support the achievement of your Goals and Objectives
5) Generate your three to five year Plan; this is your Strategic Plan or Business Plan (the view from 30,000 feet).
6) Generate your one year plan; based on your Strategic Plan, this is your Tactical Plan or Annual Operating Plan (the view from a mile high).

Are you willing to spend two hours a week and a few days a year to stay on track, work on the critical issues, save yourself hundreds of hours (not working on the wrong or lower priority issues)?

I hope so… if not, how’s that (not having a plan) working for you

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posted in Articles & Zines, Planning | 0 Comments

25th July 2007

Planning

Business Plans
I’m working with three different Small Business Support Groups in two different chambers of commerce and I was stunned when only one of them had a business plan and that one never looks at it.
 
A business plan is the most basic component of starting or managing your business, yet for most business owners it is the first thing they don’t do.
 
Why?
 
As near as I can tell it’s because –
            It takes time
            It takes thought
            It takes effort
            It’s not in their comfort zone
 
We will discuss this more next week.

posted in Planning | 0 Comments

21st July 2007

I’M BACK…

I apologize for not posting for the past two weeks, but I did not react well to being told I needed major back surgery (minimum five hours, four 3” bolts, blah, blah, blah) and would need 8-12 weeks to recover, wouldn’t be back to “normal” for at least six months and I probably wouldn’t play golf again. 
 
I learned this on July 5th and went into a suspended state of disbelief, anger and woe-is-me.
 
I went for my second opinion this last Thursday and lo and behold got a completely different diagnosis. Surgery of no more than 45 minutes, back to work in a week and playing golf in six to eight weeks. Wow, what a difference. Now with these two extremes I think a third opinion is in order to verify which one is correct.
 
SO I’M BACK.
 

Why did I get way too personal here? I violated one of my own cardinal rules, never let emotions and pessimism take completely over. I did and lost two weeks. Emotions (and logic) and pessimism (and optimism) all have their places in life but when you let any of them take over, your life and outlook will be out of balance.  Mistakes will be made (I made them). Keep an even balance and things will be much better – take it from someone who knows.

posted in You Never Know... | 0 Comments

21st July 2007

Top 10 Golden Nuggets of Customer Service

According to David L. Aaker, a recognized customer service guru, the following 10 points will bring your customer service level up to a truly world class level.

1. Know your customer by their first name

2. Listen twice as much as you talk

3. Always tell the truth

4. Never argue with your customer

5. Under promise and over deliver

6. Follow up, follow up, follow up

7. Be thankful for customers who complain, for you still have the opportunity to make them happy

8. Enthusiasm
             The attitude of the employee is contagious to the customer

9. Be thankful for each and every customer

10. The GOLDEN RULE

You can and should contact David for your customer service issues at:
David K. Aaker ACE
Aaker & Associates
PO Box 509
Palm Springs CA 92263
Phone: (760) 323-4600
david@davidkaaker.com

Click here to down a copy of this article.

posted in Articles & Zines, General, Leadership | 0 Comments

20th July 2007

A Budgeting Tool has Been Developed for Your Use

We have just added a Budgeting Tool to the Resource Library, Tool section. This will help you do your budgets. The tool is an Excel spreadsheet with a linked Income Statement, Balance Sheet and Cash Flow.

posted in General, Resources, Tools | 0 Comments

15th July 2007

Breathtaking Leadership

I saw this in an ezine I get from the Oxford Club – an excellent investing organization – and they were discussing the Ultimate Intangible on Wall Street, which turned out to be leadership. The article was written by Alexander Greene, the Chairmen of Investment U, this has nothing to do with investing but leadership and is something we all should take to heart…
 
Last month in Forbes, columnist Rich Karlgaard described an excellent example of business leadership. It was told to him by Nancy Ortberg, an emergency room nurse, who was finishing up work one night before heading home.
 
“The doctor with whom I was working was debriefing a new doctor, who had done a very respectable, competent job, telling him what he’d done well and what he could have done differently.
 
“Then he put his hand on the young doctor’s shoulder and said, ‘When you finished, did you notice the young man from housekeeping who came in to clean the room?’ There was a completely blank look on the young doctor’s face.
 
“The older doctor said, ‘His name is Carlos. He’s been here for three years. He does a fabulous job. When he comes in he gets the room turned around so fast that you and I can get our next patients in quickly. His wife’s name is Maria. They have four children.’ Then he named each of the four children and gave each child’s age.
 
“The older doctor went on to say, ‘He lives in a rented house about three blocks from here, in Santa Ana. They’ve been up from Mexico for about five years. His name is Carlos,’ he repeated. Then he said, ‘Next week I would like you to tell me something about Carlos that I don’t already know. Okay? Now, let’s go check on the rest of the patients.”
 
Ortberg recalls: “I remember standing there writing my nursing notes – stunned – and thinking, I have just witnessed breathtaking leadership.”
 
I agree 100 percent.

posted in Leadership | 0 Comments

15th July 2007

Small Business Assessment Tool - Updated

The Small Business Assessment tool has been improved and updated.  As a small business adviser, I implore you to please take advantage of fantastic tool.

Go to the Resource Library and then to Tools to acces the assessment.

posted in General, Resources, Tools | 0 Comments

11th July 2007

Power of 250 (or 150 or 50…)

Not matter what kind of business you have; referrals are the warmest contact you can get. When you’re meeting someone, whether for the first time or not, (at a networking event, in your establishment, in the drug store line or wherever) always treat them with respect and courtesy.

They may not be a prospect, but you don’t know who they know. Everyone knows 50,100, 200 or more people and those people (The 250) may need your help, your product or they can help you.

After a recent networking event I was talking with a young man who was disappointed in the event, he told me "these people won’t do my business any good". I asked him if he thought that his persona came off that way, in other words was he dismissive of them. Not necessarily in his words but also in his body language and actions.

Did he know their circle of 25O?

Could someone in their circle be a prospect, partner, or referral source for him?

From the look in his eyes and his closed body language, he had already dismissed me, he had that look of "Yeah right", while his more experienced partner told us that exploiting the Circle of 250 was exactly how he had built and sold two businesses.

Be in the moment, that person in front of you at that moment is the most important person in the world at that time.

When I send an email blast out to the 4,000 associates in my consulting body, asking for help or a particular expertise, frequently the replies come back along the lines of "I have a client / partner / friend / vendor who can help". So I figure that instead of having the power of 4,000 associates I really have the power one million plus.

Who do you know?

How big is your circle?

Click here to down a copy of this article.

posted in Articles & Zines, Networking | 0 Comments

4th July 2007

Business Owner’s Benefits Listing is Now Ready for Your Review

We have just added the Business Owners Benefits Listing in the Resource Library, Tool section. This is a list of the benefits derived from working with a qualified small business consultant.. We are sure you find some benefits you would like to enjoy in the listing.
 

posted in General, Resources, Tools | 0 Comments

2nd July 2007

Book Review - Think Inside the Box

Think Inside the Box - David Deutsch

David Deutsch takes a different view of problem solving, Thinking Inside the Box. Deutsch has designed a series of boxes (potential solutions) to create laser like focus and creativity to help you uncover hidden possibilities to all kinds of problems.
 

posted in Books, Resources | 0 Comments

 

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