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

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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.

chain-690088_640You 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?

positive-letters-2355685_640A 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.

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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

Ten essential tips in making a good business plan

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A good business plan is exactly what it says on the tin – a plan for your business; how it’s going to succeed and what you need to do to make it grow.

Having a business plan forces you to look at the feasibility of your business, what will work and what won’t work….and makes you focus on the important and essential parts of your business – your next steps, tactics and strategies.

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Here are a few tips on what to include, making sure you cover the essentials.

  1. Executive Summary – this is a brief overview of the whole plan. Detail what you do, how your business will make money and why customers will want to buy your product or services. This is best done after you have completed the rest of your plan.
  2. Analyse your market – it is worth investing some quality time in researching your market.
    – Look at what your competitors do – how are they successful and what makes them stand out from the rest?
    – Look at the price, quality and customer service that your competitors offer – then you can work out how to compete.
    – Where are the opportunities for your business – why will potential customers choose your products over those of your competitors?
    – Are there any barriers in place that may prevent potential customers from business-plan-2061634_640choosing your products or services?
    – If your business is already up and running, what do your customers like about your products, what do they buy; why do they buy from you and do they give you repeat business?
    The more you know about your customers, your competitors and the business you are in, the more likely you are to be successful.
  3. Business description – what it is, what you do.
    – Include a brief history of how and why you started your business.
    – Include your vision or mission statement – factors which you think will make your business a success
    – What is the current position of your business?
  4. Business goals – what are your business goals. For example, if you’re already in business, by what percentage do you wish to grow by this time next year? How many customers do you expect to have by this time next year?
    Ensure your business goals are SMART. 
  5. Management teams and employees – If you employ others, give details of your management team and employees and what their roles are.
    – How do they work together?
    – Do they all know what is expected of them and how they can help improve the business?
  6. Operations – what is in place now and what do you plan for the future?
    money-2696228_640– Look at premises you currently work from (it might just be from home). What will you do if your business expands – what premises will you need to ensure your business succeeds?
    – Who are your suppliers? What happens if you lose one of your suppliers and do you have others as a back-up?
    – Do you need to have any training in a specific area to help your business move forward? For example, if you’re a hairdresser, how do you keep on top of current styles?
    – Is there any equipment or materials you may need to invest in? For example, wear and tear on your current equipment – or maybe you may need more advanced software in the future.
    – If you run an online shop, what happens if you get overrun with orders – can you keep up with them and get them out on time with packaging and postage?
  7. Financials – keep a record of what you spend and what you receive.
    piggy-bank-2889046_640– Are you likely to have cash flow problem – if so, how will you deal with it?
    – How much does your business currently cost to run and what is it likely to cost in one year – or two years’ time.
  8. Marketing strategy – this is where you define your tactics and strategies to ensure that you are successful – only needs to be brief in the business plan – you can be more specific in your marketing plan.
  9. Risk analysis – what could go wrong – look at best and worst case scenarios.
    – If something goes wrong, how will you deal with it?
    – Include your contingency plan
  10. Measurement – this is a really important aspect in a business or marketing plan, but often something that is overlooked. Measuring everything you do ensures you know what works and what doesn’t. You can then plan a different approach if algebra-1238600_640necessary.
    – List what needs to be measured – such as how many people look at your business Facebook page or Tweets on Twitter. How can you improve on this?
    – How will you measure your success – what does success look like to your particular business?
    – Shout about your success – your customers will feel reassured they are dealing with the right business

Once you have finished your business plan, you can write your Executive Summary.  Then leave it alone for a few days and go back to it with a fresh pair of eyes. You can then make any necessary adjustments.

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I can’t tell you how long it will take you to complete your business plan – every plan is different and it will depend on you. Business planning takes time – you need to spend quality time on researching and planning your business and marketing strategies.

Take time out at least once every three months to review your plan. Some things you planned will have gone well, others not so well. A business plan is a working document. It’s never finished…always a ‘work in progress’.  Having a business plan won’t guarantee you success, but it will go a long way to helping!

Business Plan  click on this link to download your free business plan template.

If you need help writing and researching your business plan, please feel free to contact me by email – cindymobey@outlook.com or via my website, www.cindyfreelancewriter.com

 

Cross-cultural communication and the great French lunch!

meeting-1453895_640It’s widely recognised that English is the language of business across the world. Here in rural France, I help people promote their small businesses, and although most of my encounters have been with English business women, I’m lucky enough to have joined a great group, Les Dames de FER, which I spoke about in my last blog, which help and support English and French women in business. Through this group I’ve gained so much knowledge about business life in France and find their training sessions and support invaluable. But what support is there available for French people who need to join a business meeting in the UK and what are the differences between English and French business meetings?

British diplomacy

Back in the UK, business meetings are mainly fairly formal and the British are known for their ‘stiff upper lip’ and the ‘grin and bear it’ attitude. Diplomacy is just something the British naturally do. For example, if I was in a business meeting in the UK, and didn’t agree with what someone was saying, I wouldn’t have dreamed of directly disagreeing with them. I would have said something like ‘Yes, that’s really good and it could work – alternatively we could look at it this way’.  But, whether in a business meeting in France or just in general conversation, the French are much more direct and will say exactly what they mean – if they say no, they mean no! There’s no misunderstanding.

When I first came here, I wasn’t used to the direct approach and thought the people were a bit abrupt, but I’ve come to realise that I was wrong –  this is the French way and no offence is meant – it’s just that they state facts.  But the British worry about causing offence or hurting someone’s feelings by disagreeing, so will say things such as ‘I see your point, but….’ which as a British person, I know this means they don’t necessarily agree with me. However, to a non-native English speaker, ‘I see your point….’ means it’s agreeable. The business English language barrier can cause confusion for non-native English speakers. And it’s not just in business that there are cultural differences.

French differences

Since moving to France I’ve noticed many cultural differences; in some ways it’s like stepping back a few decades. Most shops close on a Sunday and often Mondays too. Banks don’t open on a Monday either. And of course, there is the French lunch hour (or two!)

restaurant-1763081_640In the UK, lunch is a very informal affair, especially if like me, you work in an office. It’s accepted that meetings can be conducted over lunch – people will grab a sandwich and take it to a meeting. I nearly always ate my lunch at my desk, whilst carrying on working.  However, in France, this is unheard of… here, lunch is an occasion. Except for the big towns and cities, most shops close between 12 – 12.30 and don’t open again until 2 – 2.30pm. In my village, the church bells go mad announcing that it’s lunchtime. The French take their time over lunch, eating a three course meal with wine. And in rural areas, the timing of lunch is very flexible! If you’re trying to get a renovation project completed by tradesmen, you have to be prepared for the great French lunch – they down tools and disappear for a few hours. However, that’s not to say they’re lazy – they start work earlier, usually at around 7am and often work until it gets dark.

Time is something that is very loosely followed in France too – if a meeting is to start at 10am, it rarely starts on time – people will mill around chatting with a coffee. Everything is very laid back and informal. However, once a meeting starts, things are done in a methodical and direct way with conclusions and any action to take all very clear and concise….…and of course, if a meeting is conducted in the morning, it finishes dead on 12…..time for lunch!

5596899_orig[1] (340x51)Just as I continue to learn about cross-cultural communication in France, with the help of Les Dames de FER, it’s important for non-native English speakers who conduct their business globally, to not only learn the English language in order to compete in the English business market place, they also need to learn the complexities of cross cultural communications – including all the foibles of business English and diplomacy.

There are several companies that help non-native English speakers compete in the business marketplace. Executive Language Tutors is one such company. Based in London, their courses give men and women in business the confidence to perform and communicate in the professional workplace. Their courses range from elocution and accent reduction, to learn business English and cross-cultural communication.

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/