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Build A Business Like A Farmer

During the 80’s married life with my husband began living on his family’s farming property.   I enjoyed immersing myself in learning how to do things around the home in an old fashioned farming way.

I had grown up in a home where both my parents had worked full time and never seemed to have a lot of spare time to spend with us as children. This lead to a yearning to provide a nurturing environment within my own home and soon enough I was baking bread in the wood stove, collecting eggs and picking fruit for jams and learning to spin wool.

My only business skills had come from helping in my parents’ businesses, but before long there was a need for me to help supplement the meager income from our farm.  My home cooking together with bearing three children left me with about 20 excess kilos of weight.  I knew I needed help to overcome this problem and when I went looking for it – there was none to be found in our local community.  What I did know was that there must be other people in the same situation as me.

So I did what I thought was a natural thing to do and I began a support group based around healthy eating and exercise.  It took off like wildfire and in no time at all I had a regular weekly group of 120 women (and some men) paying for me to support, motivate and encourage them to achieve their health goals!

I would prepare weekly discussion topics and exercise routines.  It was so gratifying to know that while I was achieving my own weight loss goals, I was also a source of inspiration for others who so desperately needed support.  Their progress and change in outlook became a huge encouragement to me!

Quickly I discovered that my clients wanted more of anything I had.   Journals, diaries, trackers, exercise tapes.  This was great.  One client and they kept buying from me over and over and spending more and more money with me through the products.

As my clients got great results, released weight, got happier and changed their lives, word continued to spread. This was the birth of my first business that would lead me on to so many other opportunities!

I was absolutely passionate about imparting the knowledge and skills for every one of my clients to achieve success.  It didn’t take long for me to realize that if we help others achieve their goals, we can achieve our own so much more easily. My groups grew to several per week and I also opened up new groups in nearby communities. I studied more in the fitness industry and added more fitness opportunities.

Some 21 years later and several successful offline businesses later, I have now been connected to the online business world for several years. Many times I see people struggling to get more clients. It is during these moments that I realize that the good old fashioned ways to do business is what has been key to keeping me profitable (and client filled) all these years no matter what business I have been in.

Here are just a few tips from the farming days that can determine the profits you will make in your business:

1.  Your reputation always counts- This might seem really basic, but it’s not. If you are trying to make money selling products you don’t believe in, or making outrageous statements about false results, your reputation is always at stake. Your reputation preceded you so be sure to honour your obligations and agreements. Not matter how much money is at stake, be sure you can sleep at night with the decisions you make. As farmers, we were only ever as good as our word. Nothing has changed!

2. Do unto others as you would have them do unto you – Love, care and respect your clients. When you enter a farm kitchen you expect to smell the free bread, the kettle whistling and the fires burning for warmth.  Create a caring and nurturing environment where your clients feel like you really care about them and you will always be profitable. People love to feel like they ‘belong’ and that they are a welcome guest, rather than a pest.  Your clients should feel this way too.

3. Go the opposite direction competitors are headed – you’ll stand out and make more money. Be prepared to take calculated risks to stand out and do what others dare not. When everyone else was increasing their sheep numbers we knew that was the time to diversify into cattle or some cropping for a while. You need to have something different to get noticed.  If everyone is charging heaps of money for every little piece of information they give you – go ahead and do the opposite – deliver masses of value for no cost.  People will respect you for that and stay connected.  Then when you have something to sell, they are more likely to be happy to spend money with you because they have already got such great value.

4. Systemize a high level of ‘stay in touch’ marketing- This is a simple old fashioned business principle that many people nowadays are reluctant to implement.  Given that their clients are bombarded with some much marketing materials today, there is hesitation at sending anything more.  The secret lies in making your ‘touches’ in a mixed way.  Email, social media and blogging are great ways to ‘touch’ your audience on a regular basis. If your clients are complaining that you send too many emails, are you writing them like an old friend dropping by that does nothing but talk about themselves non-stop then leaves?  If you view your customer as a friend or neighbour, then staying in touch becomes a joy rather than a burden. You take the time to find out what their needs are and how you can best serve them. You give the relationship the attention you know it needs to survive.

5. Do whatever it takes, even if it’s uncomfortable- During our farming years I was also running half ironman triathlons. I would be up at 4am in the morning, rain hail or shine to do my training.  Swimming in the chilly waters or riding for hours in the rain and wind – it all happened before the sun came up or the children or animals needed tending to. If the training program said it needed to be done – I did it!  Does this mean that everyone should be up at 4am in the morning to be successful?  Absolutely not, but if you take this attitude, you will do what others are not prepared to do, even if it’s uncomfortable.  While most people are wishing and hoping their dreams were a reality, you will be out there making it happen.

Basic, solid business principles will never let you down, and have always seen me in profit.  While there is massive evidence that Joint Ventures, Affiliate marketing and creating connections can be extremely successful ways to market your business, there is no substitute for the basics. This can be a huge relief for many business owners who don’t feel they have what it takes to create these bigger types of deals.  At the end of the day you cannot rely on others to build your business.  You are your business and these time tested basics will see you create a strong foundation on which you can continue to grow.

Learn from these early lessons and your business will be outstanding!

I’d love to hear what your thoughts are on “Back to Basics” business principles. What do you see in today’s culture and marketplace that bothers you? What do you think is most important? Please comment and share your thoughts!

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How Serious Are You About Your Business?

This Mastermind event was awesome and I wanted to share a few key lessons with you.

It’s critical that you hang out with people who support, motivate and inspire you to do better business.  It’s amazing what you can achieve when you are held accountable to your highest ability by your peers, coach or mentor.    I personally have mentors for different parts of my business and life and wouldn’t be without any of them.

I  got some big ideas from this group and have already started to action them with great results.  I can’t wait to see great results in your business too!

Leave me your comments – I’d love to know what your thinking!

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Get New Clients Quickly – Do You Know How?

Without a constant flow of new clients into your business, your income dries up pretty quickly and life becomes uncomfortable.  Initially though, just a few new clients can make the difference for you between experiencing success and feeling like a failure.

One solution to this is to get out and attract new clients quickly.  Here are three tips to help you be client attractive and get some good income happening.

3 Things To Avoid

Hiding Out: I’m not suggesting that there is not a lot of tasks that need to be done at your desk or on the phone. What most people that don’t have enough clients yet do though, is stay in their office (perhaps that’s at home), and hide behind their computer, their e-books, their info-in-a-boxes.  As they shuffle paper work from one side of the desk to the other they can kids themselves that their ‘busyness’ means they have a sustainable business.

Talking About Yourself: When you do nothing but talk about yourself, your products or your services, this is the quickest way to have prospects roll their eyes and switch off.  This is a common mistake when you are operating from a place of fear, if you appear to need your clients more than they need you.  The people you speak to will sense this, and categorize you into the section they keep for ‘sales’ people.

Lacking confidence: If things are happening as quickly as you would like them to, it is easy to start to lose confidence in your skills, your ability to offer them for a price, or to speak about them confidently.  Sometimes it only takes one small set back to send you reeling back into hibernation, or a feeling of inadequacy in your abilities to create the success you so badly want.

What to Do  magnet

Get out there in a big way: Every month, make sure you have some events on your calendar that you attend in person.  These might be local networking events, charity events, fundraisers, meeting people of influence in their space, workshops or conferences.  These are prime opportunities for you to meet potential clients and spread the word about what you do.  Make sure you then have a great follow up system in place too.

What’s in it for me? This is what everyone really wants to know.  So, make it your intention when you are next in a group of people to find out what it is that is bothering them, what are their frustrations, what are they having trouble with.  Then decide whether or not you have something that can help them solve their problem, or perhaps be a referral to point them in the right direction.  Your honesty and openness will be rewarded with respect and trust.  This will automatically make you a person of choice should you and your prospect be a good fit at some stage.

Trust in your own abilities: Take some time to recall when people have told you how great you are at doing what it is you do.  You might have some emails, cards or small notes that people have given you over time in acknowledgement of your abilities.  Take a look at where you have come from, rather than where you have not yet go to.  I keep a folder both in my emails, and on my desk, where I past any kinds words that get sent to me.  Sometimes this is a card, sometimes just a comment put on Facebook.  Then, when you are having times of self doubt, you can refer to these for support and encouragement. You do have great skills and belief in your abilities or you wouldn’t be reading this article right now.  Trust in yourself, and then GO DO IT!

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Be Profitable – Ask These 5 Questions

I meet so many entrepreneurs that are passionate about creating a business around their new and exciting ideas.  This is great, but all too often, they forget that if this new business does not make them some money, then their passion can be little more than a very expensive hobby.broken-piggybank

The problem with this is that over time, it can be a huge drain on not only their finances, but also on their creativity and self esteem.  When you have been used to being successful in other endeavours in your life, and suddenly your new business idea that you have so much passion for, does not bring in the dollars like you hoped it would, it really can be disastrous.  The sad thing is, that with a little planning, pre-thought and perhaps support, the result could be so different.

Getting some of the basic maths sorted out early in the piece can help to reveal the brilliance of your business idea, or uncover a shortcoming that you can re-design to ensure success.

There are many business models to choose from so it is vital that you map the numbers before you even begin, so that can determine whether or not your idea is financially viable.  This one step could save you a lot of pain and heartache, and hours and hours, if not years of working at something that may not be sustainable.

On the other hand, it could just be that you need to make a few small tweaks or changes so that your model does in fact provide you with the income that you are wanting.

5 important questions to ask yourself about your business idea:

  1. 1. What price will the market pay for your product or service?

Bearing in mind here that what you believe your product or service is worth may be quite different to what the market will pay.  It may surprise you that in most instances, you will undersell yourself.  Promoted well, and to the right client or customer, you may often find that your market price will be higher than what you first anticipate.  Particularly if you learn to position yourself as the expert, and understand how to provide great value.

  1. 2. How do you initially plan on providing that product or service?

Are you going to do one-to-one sales only, or are there ways in which you can progress to delivering your product or service on a one to many basis?  One-to-one sales is a great way to get started with clients, but when you start to systemize this client attraction process you will soon find that your ability to increase your income is stifled by the number of hours you want to work.  At this point you will want to start to look at ways of multiplying the people you can serve in the same amount of time through group programs, workshops, teleseminars, webinars etc.

  1. 3. What are your costs associated with providing your product or service?

There will be expenses to consider no matter how you deliver your product or service.  Things to consider whether you are working at home, in an office, offline or online might be:  rent, electricity, maintenance of equipment, monthly subscriptions for online services such as Audio acrobat, Instant Teleseminar, your Shopping Cart, printing, mailings etc.   It is important to know what your base line costings are.

  1. 4. How many items of your product or hours of service can you realistically sell?

Do you need to sell 1000 units of a $17.00 e-book or perhaps you need to book out 10 hours of client contact time each week?  When I ask people to tell me what they are doing specifically to meet their income goals, they will say they ‘have an e-book”, or are ‘doing a teleseries”, but in fact they have no idea as to exactly how many units need to be sold in any given timeframe in order to achieve their income goals.

  1. 5. Is there anything left over as profit?

At the end of the month, or week, or there anything left over to pay yourself and your taxes?

So you can see just how this process will work, lets run some simple numbers for a month so that you can get a good idea of how to track your business.  Let’s say that you have a real gift with creating exquisite meals. Everyone loves you food and thinks that you should teach others how to cook.

1. Price: You think that you can sell one cooking session for $40.

2. Capacity: You can teach one class a day times 20 work days in a month equaling 20 classes a month.

3. Costs: You know that each class will cost you $10 in ingredients. So 20 classes = $200/month in costs.

4. Sales: Assuming you will charge $40 per class and fill all the classes each month: $40 x 20 = $800

5. Profit: Subtract your costs ($200) from your sales ($800), and you have $600 in profit for a month.

This simple example shows you are profitable. But keep in mind that you will have other costs such as marketing, taxes, etc.

So while this idea would not pay your mortgage yet, it’s a start. Your next steps would be considering ways to increase your profits.

First take a look at whether you can increase the income side of this equation.  Can you increase the price?  Maybe you can focus on teaching the affluent to cook.   Could you do the sessions as group sessions rather than individual sessions?  Could you look at investing in a machine that reduced your preparation time further so that you could do more classes each week?

On the other hand, consider where you may be able to reduce your costs.  Maybe you could sell the recipes alone without the classes or with a DVD of demonstrations. This will lift your limit on how many people you can serve and yet still have the ability to teach others how to prepare this wonderful food.

Do you see that by working the numbers, and taking a bit of time for planning you can ensure that whatever business model you decide on will be a profitable one.  By doing this, you will save yourself a lot of heart ache and frustration as you try to promote your great idea into the market place.

You must keep track of the numbers.  If you focus on the money, you will soon find that more money will flow.  You will also be able to hold you head up high amongst your family and friends as you know that you are providing a financially viable service that you are also enjoying.

Leave me your comments on whether or not you mapped out your numbers before you started, or whether they were something you thought of down the track.

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Working from home? Achieve success without distraction.

Do you love the idea of working from home but you’re constantly distracted by things such as housework, kids, hubby and friends, and wondering how to handle it?
Working from home certainly allows you many benefits. Think about it: no traffic, commuting or annoying coworkers. But without the right mix of people contact and structure you can easily fritter away your time without the things you need to show for it, such as new clients and lucrative opportunities.
My very first business was run from home as is my current one and I am certain now that I would never trade in my home office for a “real” office, no matter how big my business gets.
Here are my favorite secrets for turning your home into what I call, a “success sanctuary.”

Tip #1 Know When To Close The Door
Putting in place your own boundaries is essential when you work at home, otherwise running a business can consume every waking hour of your life. These boundaries should include decisions about your work and how much you work. I get the most done when I follow a daily ritual. That means I don’t answer phone calls, turn on the computer or answer email until I’ve completed my personal, morning routine.
Likewise, at night I have an end of day ritual that includes shutting down the computer, neatening my desk and updating my to-do list for the next day. Rituals like these give you a feeling of order, which will help you relax during your off hours so you can start up again the next day feeling refreshed and recharged.

Tip #2 Keep Your Home Your Sanctuary
No matter how big your home is, I recommend setting up a separate work area for your business. A private room or area set aside for the sole purpose of  running your business is ideal but if you must share space then set up a screen or some other type of divider to separate your business from the rest of your life. Creating this kind of privacy will help you focus and feel professional.

Tip #3 Take Daily “Energy” Breaks
I tend to set a timer for a one hour block of solid focused time, then when the time is up I will get up and go outdoors for some recharge time. Some business owners crave company. Whichever your preference is, make sure you build that into your day. You’re the “boss” so don’t wait until you feel stir-crazy to take action. I recommend taking a daily social or get-back-to-nature break daily to keep you focused and inspired about building your business.
Tip #4 Let Your Family Know Your Intentions
Women entrepreneurs are easily side-tracked with household demands such as making lunches, laundry, playing referee when your kids aren’t playing nice, etc.
Listen, running a business takes focus, concentration and creativity, which you won’t have if you’re constantly interrupted with the demands of others, even if they’re your family.
It is important to let your family know up front that when you’re working you’re not available to handle their disputes or to “play mum.”  Share with them the importance of growing your business, then ask for their help and support. Let them know EXACTLY what the rules are, such as no interruptions unless the house is on fire or someone is bleeding (think I’m kidding? I’m not!).
Be sure to acknowledge their help in allowing you to grow your business. Above all, do NOT cave in and give up your priorities for the day. Successful businesses are built on creating strong boundaries so now is a great time to practice strengthening yours. Besides, when your family sees that “mum really means business” they’ll respect you and what you’re doing even more, in turn you will be an awesome role model for the people you care most about. Time you spend with them can then be quality time.
Home is Where The Heart Is…
It doesn’t matter whether you’re office is the dining room table or you have a private home office all to yourself, the more these simple tips are practiced  the more focused and professional you’ll feel. Remember that building a successful home based business is a dream that many aspire to and YOU can achieve!

I would love to know how you manage your work at home situation, or the challenges you meet.  I would love you to leave me a comment.

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