10 steps to a successful business

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In order to succeed in business, planning and good organisation are key. When starting up in business, most people are full of enthusiasm and it can be such a disappointment to find that simply by switching on your computer and opening your doors for business, that business will automatically come your way. It would be fantastic if it worked that way, but sadly, we all have to work a whole lot harder than that to attract business and be successful.

Here are 10 ways that might help make your business more of a success in 2016.

  1. Make a plan. Plan your business goals and how you are going to ID-10070652achieve them. Having a good business plan forces you to look at the feasibility of your business – what will work and what won’t work. It makes you focus on the important and essential parts of your business, your next steps, tactics and strategies
  2. Be organised. Complete a ‘to do’ list every day. This will help you keep on top of things that need to be done now. As you complete each task, tick it off – not only does this give you a sense of achievement, it ensures you don’t forget anything
  3. Analyse your competition. Look at what your competitors do. Why are they successful? Look at the price, quality and customer service that your competitors offer – why will potential customers choose your products or services over those of your competitors? Are there any barriers in place that may prevent potential customers from choosing your products or services?
  4. Know what your customers want…not what you think they want. ID-100282581What do you your customers like about your products? What do they currently buy from you, why do they buy from you and do they give you repeat business? If you’re not sure of the answers to these questions, it might be worth conducting a short survey to your customers and asking them. Give an incentive to reply, such as 10% off their first order of 2016. And a further 10% off if they recommend a new customer who buys from you. The more you know about your customers, your competitors and the business you’re in, the more likely you are to be successful
  5. Provide great service – delight your customers! There have been oodles of books written about customer service and delighting your customers. Some of them advise that you delight them no matter what – I even read somewhere that one company gave a refund to a customer who complained about their tyres….and they didn’t even sell tyres! That’s taking it a bit too far. In order to satisfy your customers, you must deliver exactly what you promised to….to delight them, service must exceed expectations. It really is that simple. Do what you say you will, give your customers what they want (solve a problem they have), and thank them for their custom, inviting them to contact you if you can help them further
  6. Measure everything you do. Whatever action you take as a result of planning your business goals, ensure that you factor in a way to ID-10099989measure whether that particular goal and actions have been successful. By measuring as you go along, if you find something that is not quite working, you can tweak it so it works well. List what needs to be measured, for example, how many people read your Facebook posts or how many comment on a post. Then look at ways to improve this – it might be you monitor your posts and see what kind of post is the most successful and then figure out why. If you have success, shout about it! Your customers will feel reassured they are dealing with the right person
  7. Market and advertise. Marketing your business is about planning the future of your business. What tools will you use to promote your business? For example you could…
    -Join a business networking group and talk to people at every opportunity, giving out business cards
    -Direct marketing – brochures, flyers, sales letters
    -Online – website, blogs, articles (give advice, become known as an expert)
    -Social media – Facebook, LinkedIn, Twitter, Pinterest etc.
    -Advertising – print media, business directories, ads in magazine and online
    -Trade shows/markets/craft fayres
  8. Budget. I guess that this one is pretty obvious. You need to know ID-100263887what you can and can’t afford to do and plan accordingly. At the very least, it’s a good idea to have business cards – maybe flyers and definitely think about Social Media and your online presence, such as a website.
    Can you do some of the promotion yourself or do you need to outsource it? And look at what kind of advertising you can afford.
  9. Learn from your mistakes. We all make mistakes and when you are running your own business, you will undoubtedly make several, especially when you first start up. The trick is to learn from your mistakes. If you make a mistake, own up to it – this creates a culture of openness and honesty in your business. Find out why and how the mistake happened and correct it. If you find you can’t correct it, put plans in place to ensure it doesn’t happen again. If you can’t work out why or how the mistake happened, google it – chances are someone else would have made that mistake in the past and they might have published a solution! Once it’s sorted, move on – don’t continue to dwell on it
  10. Stand out in the crowd. Starting a business is easy, but staying in business is harder as you have so much competition these days. To stand out in the crowd, you need to do all of the above! Create a great ID-10037281experience for your customers; know what your customers want and give it to them; find solutions to your customers’ problems; position yourself as an expert; be different from your competitors and shout about how you are different; shout about your success; give excellent customer service; give special offers to customers who recommend someone new who buys something or uses your service….and above all, be yourself, smile and enjoy running your business – it will show!

I hope these points will help you in your quest to make 2016 a successful year for your business. If you have any more tips, please share them, I’d love to hear from you.

One final tip, if you can’t do everything you want to do yourself, don’t give up, get help.

 

Images courtesy of 1) Ambro 2) David Castillo Domenici 3) Stuart Miles 4) Metrue 5)Stuart Miles 6)jscreations at FreeDigitalPhotos.net

How to conduct a SWOT analysis for your small business

Whether you’re new to running your own small business, or whether you’ve been going for a while, conducting a SWOT analysis can help your business get on the right track. I tend to glaze over when someone talks about something that sounds like it will be difficult, or something that I might not understand, but SWOT analysis is a very simple concept, which can give you great insight into your business and generate ideas to take your business forward.

What is SWOT analysis

The term SWOT is an acronym devised from four words; Strengths, Weaknesses, Opportunities and Threats. Conducting analysis on your business in these four key areas help you look at internal and external factors that affect or have the potential to affect your business. It’s a good idea to conduct this analysis before you set up your business and marketing plan as it will help you develop your business strategy.

You could also consider performing a SWOT analysis on your competitors, as this will give you valuable insight into their strengths and weaknesses…and may identify opportunities for your business that they haven’t thought of.

Where do you start?

A SWOT analysis is about making a list in four key areas:

Strengths – list what your strengths are…the aspects of your business or project that gives you an advantage over others. What do you do well?

Weaknesses – these are factors that put you at a disadvantage to your competitors – what don’t you do so well?

Strengths and Weaknesses are the internal factors of your business.

Opportunities – what are the opportunities you can see for your business? You might be able to spot opportunities from new technology, new potential markets for your products or services, or even lifestyle changes or local events.

Take a good look at your strengths and see if any of those can be converted into opportunities. Similarly, you may be able to work on your weaknesses to eradicate them and open up new opportunities.

Threats – do you have any hurdles you have to overcome with your business? Are any of your weaknesses a serious threat to your business? Look at what your competitors are doing to be successful – is there something you can change to compete? Of course, there are other threats to take into consideration, such as bad debts or loans.

Opportunities and Threats are the external factors of your business.

Who can help you?

A SWOT analysis can be completed by you, but it’s always good to have another opinion, so draft in some help. Ask friends, employees (if you have them) and maybe even some of your customers – ask them what they think are your strengths and weaknesses. You may be surprised at the answers and it may help you to pull together a strategy to help you succeed further or improve an area of your business.

Action plan  

Once you have all the information you need, you can devise a strategy to capitalise on your opportunities and reduce your threats. Concentrate on these two areas first as they are the most likely factors that will affect your business and your future success.

Then you can work on your weaknesses and protect and increase your strengths.

When you have completed the analysis, go through your business and marketing plan to see if you can enhance any particular area of your plan.

Print off my FREE Conduct a SWOT Analysis worksheet and get started now!I

Happy planning!

Email: cindymobey@outlook.com

Les Dames de FER and me

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When I first became an Auto Entrepreneur in France, it was a daunting prospect. I’d worked for a large, global company in the UK and the thought of going it alone, in a new country, where I didn’t speak the language very well was scary to say the least. I joined a French class, so I could learn more about the language, and it was at one of these lessons that I heard about a group called Les Dames de FER. Set up to support small business women in rural France, I decided it was a good idea to join. It was the best decision I made.

Les Dames dLes Dames de FER lunche FER hold networking meetings, where like-minded women meet up and talk about their businesses, share information and experiences and support each other. There are regular sessions run by members to share their skills, such as social networking, blogging and the legal system, to name a few. I have found it an invaluable group to belong to and have made loads of helpful contacts. If you have a problem, there is always someone to talk to and someone always knows the answer.

President of Les Dames de FER

President of Les Dames de FER

As a freelance writer and marketing and communications consultant, I help people to promote their small businesses, sharing my skills with my clients and helping them with building their business and marketing plans, as well as writing website content, blogs and business articles. Being part of the Les Dames de FER group has helped me find new clients through networking with other members and the Foire Commerciale (Trade fayre) that they ran in September, gave us all a great opportunity to have a stand and show exactly what we could do and brought us a whole new group of potential clients.

Even though some of the seminars held are on subjects I know about, it’s still worthwhile going along as you always pick up extra hints and tips and it’s good to be able to discuss a particular subject with other experienced people. They are always very positive sessions and I always leave feeling fired up about my business and confident that I have a valuable service to offer to my clients.

I’ll never be a millionaire, but what I do have is worth much more than money can buy. I have a business, doing something I love and am passionate about, I have grown in self-confidence and have met loads of lovely like-minded women. The support of Les Dames de FER is second to none and I’d highly recommend them to anyone who runs their own small business here in France.

If you’d like to find out more about Les Dames de FER, take a look at their website, where you can find the application form to join.

http://www.lesdamesdefer.fr/