Archive for December, 2009

Interview with @JimBlasingame, Small Business Advocate

Wednesday, December 30th, 2009

Once a year for the past 3 years I’ve had the privilege of being on the radio show of Jim Blasingame, The Small Business Advocate. Every time I talk to Jim I have a blast and this morning’s show was no different. Jim has no problem keeping up with my ADD, taking our conversations all over the place but always someplace GOOD. I’m honored that he’s asked me to come back as a regular guest, starting with quarterly in early 2010.

His shows contain a lot of great (free!) content so after listening in to our chat via the link below, check out some of his other interviews! You’re bound to learn a lot…

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Be Strategic Not Scattershot to Make Networking Pay Off

Thursday, December 3rd, 2009

Following is a guest post provided by Anne Barber and Lynne Waymon. I’ve seen Lynne speak and not only is she engaging and fun, but her advice is immediately actionable and valuable!

Taking a scattershot approach when networking to find clients is the biggest mistake we see people make.  Joining all the area Chambers of Commerce and an alphabet soup of civic and service clubs and then attending once, just doesn’t work! Only strategic networking can bring in the business.  Use these tactics to help you become more focused and strategic.

Profile Your Prospects
What kind of people, exactly, do you want to work with?  Write a client description.  One private bank determined that women over 60 were their targets – but women with a certain level of assets.  What would these women be interested in?  Perhaps antiques.  Their marketing included a very posh “cream tea” at an elegant hotel with a speaker from Southby’s and a free antiques appraisal. Current clients were invited to bring their friends – and did.

Know What Networking Is
Think of networking as teaching people (who might become clients or refer clients) who you are and what to come to you for.  The first question that comes up in any conversation with a new contact is, “What do you do.”  Most people give their industry (I’m in financial services.), their company (I’m with Principal.), their occupation (I’m an insurance agent.), or their title (I’m a Wealth Management Advisor with TIAA-CREF.)  If you’ve been saying one of those things, you’re getting the conversation off on the wrong foot.  Instead, say one sentence that tells one specific thing you want people to remember.  If you wear many hats, take them all off but one.  Then say a second sentence that gives a short example of you solving the problem, serving the client, or saving the day.  A CPA says, “I’m a CPA who negotiates with the IRS.  I just convinced the IRS that my client’s horse farm is a business, not a hobby.”  This 2-sentence model guarantees you’ll give people something to talk with you about, rather than just responding, “Oh, nice.” when you give your title.

Teach People To Trust You
You’ve heard it before:  “People want to do business with people they trust.”  Before people will come to you, they want to be assured of your character and competence.  Everything you say and do reveals your character and competence.  Most people wn’t be there when you have your shining moments, so it’s only through conversation that people find out what you’re good at, what to send your way, and what to count on you for.

Pursue Your Passion

Target potential clients based on common interests.  One former pro baseball player targets professional athletes for is financial advisory business.  Instant credibility and rapport.  One young lawyer, who had competed in ballroom dancing, found clients when he attended tea dances on Sunday afternoons. The senior members of his firm sat up and took notice as his dancing partners began to show up on his client list.

Take your networking to the next level.  Be strategic.

Anne Baber and Lynne Waymon are co-authors of Make Your Contacts Count (AMACOM 2007) and co-founders of Contacts Count, the nationwide training company specializing in business and workplace networking. For more information, visit them at www.ContactsCount.com Hone your skills in a webinar with Lynne by going to http://www.contactscount.com/webinars.html

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Where to find the truth?

Tuesday, December 1st, 2009

I just got off a members-only webinar offered by the Women Presidents’ Organization titled “Economic Recovery – what does it mean for your business?” Even though I got an A+ in economics in college (many moons ago), I have to admit that trying to understand how we got into the current state of affairs from an economic perspective leaves me feeling, well, stupid. After tweeting a simple comment I interpreted from our speaker to be simply “things are looking up”, I received a barrage of responses back from people sharing their economic theories. Woah. Now I feel even MORE stupid. The whole experience led me to ponder: Where do we go to find the truth?

So suppose I want to learn about what got us into this economic mess (besides the obvious mortgage/financial fiasco – that’s not the WHOLE story…). Is there a history I could read that isn’t slanted or biased in some way? Surely, it isn’t on Wikipedia. And if it is, I’m not totally confident

tell truth
Image by arimoore via Flickr

that outlet contains “the truth” anyway. Books, in general, offer the author’s slant on things. I guess I could read several different books, learn about the topic myself, and then come to some conclusions. But like most other people out there, I don’t have TIME to be an expert on everything (or even many things). I have to rely on the expertise of others but then I also get their opinions, beliefs, assumptions…their baggage.

In reading what I discovered is the last issue of Fortune Small Business Magazine this morning I pondered the slow disappearance of hard-copy media. So many newspapers have folded over the last year (no pun intended) that I’m worried about where we get our information from. Not that newspapers haven’t evolved into biased reports of events or opinion (just ask someone whether they think the New York Times is liberal or conservative), but I wonder if anyone else is feeling this creeping feeling of trepidation? With all this explosion of information on the internet, how do you know what is real and true??

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