E Myth Book Review [Why Most Small Businesses Don’t Work]

The E Myth Book Review - picture of book coverHere’s the premise: most entrepreneurs work more and more as their business grows, and end up burnt out and out of love with their business. If you can relate (or want to make sure that doesn’t happen to you), this is the book for you.

The E-Myth Revisited is my favorite business book, and the one  I recommend over and over. The subtitle promises “Why Most Small Businesses Don’t Work and What to Do About It”, and the book delivers answers.

Gerber starts by recognizing the three roles every entrepreneur plays:

  1. The technician, who provides the product or service
  2. The manager, who supplies the order and systems (like scheduling and invoicing)
  3. The entrepreneur, who supplies the vision for the company

You may recognize the problem most entrepreneurs face: staying stuck in the technician role, where you end up working to burnout.

Gerber’s solution: treat your business like a franchise – even if you have no plans to eventually sell or franchise your business. What this does is force you to think about creating a ‘turn-key’ business, i.e. systemizing your business so anyone can follow your processes. That allows you to hire other people to do at least some of your work, freeing you to work in the higher level entrepreneur role your company needs.

Unlike Tim Ferriss in The 4-hour Workweek, Gerber does not give his readers an unrealistic promise that they can do this in 4 hours a week. Gerber also expects that you love what you do (or you did before you hit burnout, and you can again). Gerber does promise, if you follow his advice, that you can reduce the hours you work in your business; avoid burnout; spend less time in the technician and manager roles, and more in the Entrepreneur role. (Or, as I would put it, be the CEO, rather than the secretary, of your business.)

This book gives you a sound foundation to begin this process.

What may be the best part for a busy entrepreneur is that you can read The E-Myth Revisited in a night. Implementation will take longer, of course. If breaking down your processes to figure out what can be systemized does not come naturally to you, it does to me. If you need more help, call me to discuss how I can help support you with telephone or Skype coaching.

The 4-Hour Workweek Book Review

Book cover for The 4-Hour Workweek book reviewWho isn’t enticed with the promise of the 4-hour workweek?  The book has sold more than 1,350,000 copies worldwide [Wikipedia], and has remained on the Amazon Best Seller’s list from the year it was first published. Just for the marketing savvy of the title alone, this book deserves a read.*

And the book does have good points entrepreneurs can implement about outsourcing and automating, making it worth a read. The problem comes from Ferriss’s definition of ‘work’. It’s obvious from any article written about him that he works almost non-stop. As this The New York Times article noted,  Ferriss spends far more than 4 hours per week in blogging, speaking and self-promotion, which Ferriss describes as “evangelizing.”

‘Work’, to Ferriss, is doing something you don’t like to do, solely for the purpose of making money. While it is perfectly reasonable that you would want to minimize the time you spend on disagreeable tasks (and certainly something I train my clients to do), the entrepreneurs I work with like their business, in much the same way Ferriss must like the blogging, speaking and self-promotion he refuses to call ‘work’.

And those regular “mini retirements,” ideally a month off for every two months of work, that Ferriss touts in The 4-Hour Workweek are alluring. But evidently more of a goal than a reality; a 2013 Inc. article reports that Ferriss hadn’t had ‘a proper mini retirement in more than a year now.’ [Inc. April 2013]

What you can take away from The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich is the basic idea of creating some form of passive income to serve as a base for the things you enjoy doing in your business and life, and outsourcing the things you don’t like to do.

On a personal note: His policy on outsourcing felt a bit ‘icky’ to me. Not because there is anything wrong with outsourcing to someone in another country, but because his motivation seemed to be to take advantage of their financial insecurity and pay them a pittance. Reminded me of a WalMart mentality – and that’s not how I want to run my business.  I have outsourced work occasionally (through ODesk, now called Upwork) to other countries, but I paid what I felt was a competitive rate. The majority of my outsourced work now is to a Virtual Assistant in the United States.

Bottom line: Read The 4-Hour Workweek, use it as an inspiration for what you can outsource, and consider what you can do to create passive income as an income base.

* Ferriss used Facebook polls to test title ideas

Using Google Alerts to Make Prospects Love You

using google alerts to improve customer management; image is customer management spelled out.My MileIQ review has been by far the most popular post on my blog this month – people really want what this app promises to do. And evidently the people at MileIQ are using Google alerts, because I got a very nice email from them less than 12 hours after I posted my [unsolicited] blog review of their app. What a great way to use automation (a google alert set to your company or product name) to provide a ‘high touch’ customer experience.

‘High touch’ because the email I received was obviously personalized. It didn’t just use my name, it also referenced my blog, the review I had written, and even included a link to a help article on a problem I had mentioned. Here’s the email:

Hi Maura,

Thank you very much for writing a review of MileIQ. Your blog seems like it would have a perfect audience for our service.
We noticed that you might have had some trouble with a few of your drives and wanted to share this support article with you that will ensure all your drive data is captured.
If you’re not getting drives…
http://support.mileiq.com/knowledgebase/articles/288109-if-you-re-not-getting-drives
The answer to your question about turning Wifi on is yes, it helps a lot. iOS relies on this to provide significantly better location information for the iPhone. This method is also much less battery intensive than asking the phone to use the GPS chip.
Of course if this doesn’t resolve the issue we’d be happy to help you troubleshoot further.
Regards,
Nat Robinson | MileIQ
Are you using Google alerts in your business? Please share what you are doing with Google alerts in the comment section, so we can all benefit from sharing best practices (or learning what did not work out so well). And, if you have yet to start using Google alerts, click the link in the first paragraph to learn how easy it is to set one up.

Oscar Selfie – How Ellen DeGeneres May Have Helped Your Biz

In case you didn’t watch the Academy Awards Sunday, here’s the photo that ‘broke’ Twitter. DeGeneres’ tweet  knocked Twitter offline for a bit, racking up more than 700,000 retweets and nearly 200,000 favorites in just 30 minutes. Here’s why you should care, 2 useful resources, and 2 precautions you should take now to protect your business.

Ellen DeGeneres, Bradley Cooper, Jennifer Lawrence: Oscar selfie that 'broke' Twitter

It was not Ellen DeGeneres’ intent to shut down Twitter, but it’s a perfect example of how a DDoS attack works.

For those unfamiliar with the term, a DDoS attack is when an attacker floods a site, with no prior warning, with so much malicious traffic that it is unable to respond to legitimate traffic.

Why You Should Care Reason #1: A DDoS attack on one of your vendors may prevent you from conducting business

Did you notice that some of your favorite web apps were down last week? I certainly did, since one of the sites that was down was AWeber, which I use to manage my list, send out my ezine, and collect new subscribers using forms on my website. Meetup.com was also down, as were several other web apps –  I’ve included a screenshot of what I saw when I tried to use the Meetup site. [tip: Meetup is a good resource to find networking events].

This outage may have cost me business – anyone who tried to sign-up for my ezine or one of the complimentary downloads I offer on my website would have been unable to do so when AWeber was down.  It would have looked like a broken link. And the likelihood of that person thinking “Hmm, it might be a DDoS attack on AWeber causing this, so I’ll try again later” is pretty slim. Screenshot indicating Meetup.com was down because of DDos attack.

The Meetup DDoS attack is fascinating for causing so much mayhem for what was evidently just a lark; the hackers who brought down the site for several days were demanding just $300 to stop. It would not pay, Meetup CEO Scott Heiferman told Reuters.

Why You Should Care Reason #2: A DDoS Attack on your website will be expensive

Don’t scoff –  the Meetup hackers I mentioned in the last paragraph seemed to conduct their DDoS attack just for the heck of it, and DDoS attacks are increasing – DDoS attacks are now responsible for 18 percent of outages at U.S.-based data centers, up  from just 2 percent in 2010, and the average cost of a single outage was $630,000, according to the cyber-security-focused Ponemon Institute. Sure, you’re probably not going to spend $630,000, but how much would it cost you — and is it money you can afford?

Precautions You Can Take

  • Talk to your web host (or delegate your webmaster to do this) and find out what precautions they have in place to fend off a DDoS attack. Do they have recommendations of added protections you could implement? At a bare minimum, make sure you are current with updates on your site – these often include security plugs.
  • Consider the web apps you use that are critical to your business. Do you have a backup plan in case those apps are down for an extended period of time? Do you know who to call for assistance? For instance, if Gmail is down, I can use the webmail feature of my domain to send and receive email – do you know how to do that? Do you need to set up a Gmail account to use in case your webmail is down? Do you have a copy of your website, stored somewhere other than on your web host? These are the types of things that need to be documented so not just you, but any employee or independent contractor can quickly check to implement your backup plan. [tip: you can delegate the research to another member of your team – but don’t forget to review and okay the backup plans they create – part of your job as CEO is to make sure your team has not missed something in the ‘bigger picture’ of how your business runs.]
  • Is It Down Right Now is a resource I use to quickly check when I am unsure if it’s me or a larger problem. It monitors the status of your favorite web sites and checks whether they are down or not.
  • Many companies will use Twitter to post updates when there is a problem, so check there. You can also use the search feature in Twitter to see if others are reporting a problem.

I enjoyed the Oscars Sunday night – and thank Ellen DeGeneres for her unintentional reminder to have a backup plan in your biz.

If you found some value in this article, it would mean a ton to me for you to share this with your LinkedIn  and/or Facebook contacts. Comments are also appreciated!

Sequential Autoresponders: The Easy Way to Follow-Up With Prospects

Email Marketing is one of the best ways to stay in front of your prospects and clients – exactlyAutoPilot Your Income Word Cloud like I’m doing in a series of emails I created for the Women’s Economic Ventures (WEV) classes I speak to. But it’s important to find ways to put a system like this on auto-pilot, and today I’m going to share 3 tips you can use to do just that.

  1. Use a sequential autoresponder. I’m not writing a new email every day; that’s part of what is on auto-pilot. I created a unique sign-up form for the WEV class, and once you complete that form, one message in this email series is automatically sent to you daily. If you’ve ever set a vacation message in your email program [something like ‘I’m out of the office until —‘], you’ve used an autoresponder. An autoresponder automatically generates a set response to all messages sent to a particular e-mail address. A sequential autoresponder allows you to send a series of messages at intervals you control.
  2. Use material you have already created. There is no shame in re-using good content. Remember – it’s new to your prospect. In my case, I looked for blog posts I had already written, as well as checklists I use with my clients; I even pulled content from a program generally only available to my paid subscribers.  The question I asked was simply “Would this info be useful to a WEV student?”
  3. Create multiple sequential autoresponders to deliver different types of information. Here’s where using sequential autoresponders can really amp up your marketing and keep your prospects engaged. If you ran an exercise studio, for instance, you might create three separate educational sequential autoresponders for back exercises, pregnancy exercises, and strength training. Each of these topics would appeal to a different type of prospect, giving you a much better chance that you will collect more email addresses than if you created one sequential autoresponder on a more general topic. Or you could set up one series of emails to educate new clients, and another series of emails to promote a new product. 

Not all email service providers [ESPs] offer sequential autoresponders. My favorite (& the one I use) is AWeber *, which provides robust sequential autoresponder (AR) features at an economical price, and excellent (real person) telephone and email support. It also allows you to automatically pull your blog posts into your newsletter – no cutting and pasting!  [I discuss automating your newsletters here.] Additional features also make it a great choice if you want to make money directly from email marketing. 30 day trial (with no restrictions) for $1.

Constant Contact * is another popular ESP. It used to limit you to only one active autoresponder, but that has recently changed. For an additional price, you can add ‘Event Spot’, which will allow you to create an event and register attendees/collect payments for your events. No ability to automatically have your blog posts become part of your newsletter, which is a huge drawback, in my opinion. Constant Contact offers a free trial, but you can only test it with 10 email addresses, which is not very useful. Many businesses who start here grow out of it fairly quickly, and then have to spend time & energy moving to a new ESP.

Constant Contact is, however, very easy to use, and may be a good choice if your email marketing needs are unlikely to change for several years, and you only plan on sending out newsletters and/or registering people for events.  This is an area where I can help you cut through hours of indecision and understand which ESP (of the many out there) would be your best choice – and help you brainstorm concrete ideas on how email marketing can make you money.

Call me at 805-616-2466 if you’d like to schedule a phone consultation to determine which ESP would help best grow your business.

*Disclosure: I earn an affiliate commission when you purchase through my links. Your cost is not affected. I appreciate you using them, but if you prefer not to, just use your search engine. I have used these products, and recommend them because I think they are excellent products. 

How to Finally Go Big In Your Biz in 2014 – FREE Telesummit

How many times have you said to yourself “THIS is the year my business will finally take off”?

But time flies, and life gets in the way. Unproductive days can turn into weeks and months of a business that flounders or flatlines.

But THIS YEAR WILL BE DIFFERENT FOR YOU AND YOUR BIZ when you start it off right–by listening to 21 experts share their very best secrets to building a profitable business without sacrificing your sanity and your personal life.

No travel required. Listen and learn from wherever you are by phone or computer.

You are invited to the event of the new year…

“THIS IS THE YEAR!” BUSINESS SUCCESS TELESUMMIT

When: Friday, Saturday, Sunday, January 10-12, 2014

Who you’ll hear: the smartest experts, authors, coaches, and strategists—all handpicked for their expertise in areas like social media, mindset, networking, and sales.

What you’ll get: practical takeaways, real strategies, step-by-step guides…plus gifts and bonuses galore.

What you WON’T get: sales pitches. This is pure training…and tons of it!

Cost: $0.00

Click here to RSVP now

The THIS IS THE YEAR Biz Success Telesummit is for you, if you are…

  • Keeping busy all the time but not generating the income you want.

  • Networking like crazy but not sure how to convert relationships to revenue.

  • Spending lots of money on marketing without knowing which tactics are actually bringing in new clients.

  • Feeling overwhelmed, stressed, and stuck.

  • Toying with the idea of giving up and getting the dreaded J.O.B.

  • Sacrificing your relationships and your health for your business and wondering if it will ever be worth it.

Let the experts help!

Click here to RSVP

We know you’re eager for all this knowledge—you started your business so you could serve people, make money, and be in charge of your own life. But the reality of being an entrepreneur often means not enough clients, not enough money, not enough freedom…UNLESS you’re getting trained and mentored by those who have been where you are and know how to bust through and GO BIG—not in 10 years, but THIS YEAR.

Our 21 experts are bringing out all their best stuff for this telesummit and being super generous with their time and knowledge.

Listen in during this info-packed 3-day event on January 10, 11, and 12.  RSVP now to the FREE _THIS IS THE YEAR!_ BUSINESS SUCCESS TELESUMMIT

It’s fun, easy to sign up for, super convenient, and FREE… Listen by phone or computer, wherever in the world you happen to be.

Click here to RSVP

Consider the This Is The Year Biz Success Telesummit to be your front row pass to the information, tips, and secrets of 21 entrepreneurial experts giving you secrets and strategies for going BIG with

  • using social media

  • generating sales

  • networking

  • earning passive income

  • speaking

  • branding

  • fighting overwhelm

  • and so much more!

These professionals in their fields have all graciously offered to donate their time and expertise to help you on the path to your ultimate wellness and self-esteem. Each fun, lively interview is a full hour of valuable information and will be available for listening until the end of the day of its presentation.

Click here to join in

P.S. What do you have to lose? Just frustration, overwhelm, and worry. Learn from 21 experts FOR FREE, get tons of gifts, and make THIS YEAR the year you GO BIG…without losing your sanity!  Click here to reserve your spot and receive your bonus gift as soon as you register. Then, make sure to pass this information on to anyone you think would like to attend, too.

P.P.S. This call series costs exactly $0.00 and there is no obligation to buy anything ever, but if you ever do, know that I’m an affiliate of this event–which means I believe in the value of what we’re creating together–and I may receive a commission from any sales generated.

The Complete Beginner’s Guide to CRM

????????????????????????????????Let’s start with the question ‘What is CRM and do I need it?’ Why you might need it is covered in this question that arrived in my inbox this week:

I was wondering if you had any idea what kind of programs are out there that track appointments, client info and purchase history.  I work for a salon part-time and they use www.booker.com which does MOST of that but  my business is not spa related. I’d love to have something that sets up appointments, allows me to track what we talked about and then track what they bought and what they are interested in for future. Is this a program or is this just good note taking in my contacts?

And here is my answer:

What you are describing is Customer Relationship Manager (CRM) software. You may need to integrate it with Quickbooks for total purchase info, but you can certainly track purchases in the CRM software. Act and Salesforce are the two most popular CRM programs. ZOHO also provides a CRM you might want to check out.

Let me give you a quick example of how a CRM program differs from Outlook, for example. In Outlook, you would schedule an appointment and manually add your contact’s name to the calendar. If you wanted to see information on that contact, it is stored in a different part of the program (your contacts), and you would need to go search in your contacts for that information.

In a CRM program, you could schedule an appointment directly from the contact, and if you were in the calendar, clicking on the contact name would instantly open that contact information, including any notes you had made, and past history (any event or phone call scheduled in the past would show up in the contact history).

There are many other features of CRM programs, but it is the integration of all client data that make these powerful programs, especially for salespeople, or business owners who contact many current and prospective customers.

Some questions to ask yourself include:

  • How much does it cost? Many CRM programs are cloud based only (Salesforce) and have a monthly charge (which you may pay annually). Act still has a program you install on your computer, which may cost less if you don’t upgrade frequently.
  • Are the benefits worth the cost (i.e. will I get a good ROI on the time-savings and/or productivity gains)?
  • How easy is it to use? Is there a long learning curve?
  • Do I need to share this database with an assistant or VA? Does the software allow this? Is there an additional charge if more than one person is a user? Does my assistant know how to use/what training will they need?
  • Is there a free demo? In most cases, the data entered into a CRM demo can be downloaded before your trial ends, so you will not lose data you entered into the program. The exception is any notes you added to the CRM – those don’t export. Most programs will also easily import and/or sync with your current contact info.

Make sure to check out online reviews, such as http://www.salonsoftwarereviews.com/spa-booker/. Simply enter ‘CRM reviews’ into your search engine of choice to find more review sites.

If you want help quickly sorting out the pros and cons for your specific situation, I can help you determine if CRM software makes sense for you in a short phone call. Call me at 805-616-2466 to set up a phone appointment.

Incredibly Easy Mind Map Software & App

I have found a new mind map software which is very easy and intuitive. If you have tried mind map software and given up because it was easier to go back to paper and pencil, you need to look at SimpleMind http://www.simplemind.eu/. Creating a mind map is a great way to organize your ideas quickly, or even describe a process as an easy-to-follow visual.
If you’re not sure what a mind map looks like, there is a picture below, as well as a short video I created to show you just how easy it is to create a mind map using SimpleMind. In the video, I create a mind map to organize my thoughts in preparation for a phone call to my Virtual Assistant.

What I love is that there is a free app for the iPhone, iPad, and android; and it is as simple as tapping the screen to create the nodes of the mind map. You don’t need to have the desktop version to use the free app, but if you do have the desktop version, you can sync from your iPhone to your desktop and visa versa. You can print your mind maps from your computer to save after you create them, in case you choose not to pay when the 30 days are up.
The desktop version costs about $35 [it’s priced at 24 Euros; I’ve converted the price to US dollars at today’s exchange rate], but they have a free 30 day trial, so check it out. There is a version for both the PC and the Mac.

What Hiking Can Teach You About Running a Successful Business

It’s a struggle for me to write a weekly blog post – which is one reason I love it when you comment, and I know something I have shared hit home for you.

For me, just getting into the habit of blog posting weekly was a big step. But, as the terrific infographic below (courtesy of DonCrowther.com)  shows, there is so much more that needs to be done.

However, it’s good to remember that a system does not need to be built all at once. It’s the same ‘one step at a time will get you to the peak (and back again)’ lesson I learned from hiking. Instead of getting overwhelmed, the key is to pick one additional thing to add. Once that is working well, I will return to the infographic and pick another area to add to my blogging process.

I’ve chosen to work first on the ‘On-Page Factors’, because I think I can create a system with my VA to make sure these items are addressed. In fact, after our monthly strategy call this week, she installed Yet Another Related Posts Plugin, which gives you a list of posts and/or pages related to the current entry, introducing the reader to other relevant content on your site. This will be a great help to include a self-referential link on each page.

What will you pick to implement first? Share your commitment in the comments (and help make my day!).

[stextbox id=”info”]If you want to learn more about how to build systems to help your business grow, register for my FREE TELECLASS  How to Work Less, Make More, & Love Your Business Again! coming up on Aug 21.[/stextbox]

Embedded from DonCrowther.com

 

 

Systems: The Glass Slipper For Your Business

Crystal slipperI love Trader Joe’s. Free samples, an interesting selection of food, reasonable prices, and they treat their employees well – what’s not to like? This is a corporation that has a definite personality, which includes a commitment to charitable giving. If you show you are asking for a non-profit, they are generous at donating a gift bag of their products. But, at least at my local store, you must ask a month in advance, something for which I was not prepared when I asked for a raffle prize for our NAWBO mixer ten days in advance of the mixer date.

If I planned mixers all the time, I would know this and would not have missed out on a great raffle item. But the experience does illustrate two important points about business focus:

  1. When you specialize in a few business areas, rather than try and do everything, you develop expertise in your field, which is what people pay for. You save them time, money, and aggravation because you have done something over and over.
  2. If you know you will have to do something again, create a checklist or timeline to make it easier the next time, i.e. create a system – or find someone else to do it, and have them make the checklist.

No one wants systems; they want what systems give them: Free time, more clients, and a healthy income.  That’s why I am offering this free tele-class again: How to Work Less, Make More, & Love Your Business Again!

If you are a small business owner, professional, or solopreneur who wants to spend more time with the people and activities you love, do right by your clients, and make more money,  join me for this tele-class, during which you will learn:

  • How to stop working 24/7, and enjoy free time again
  • The #1 reason delegation efforts fail – and how to be successful
  • How to attract more clients with consistent follow-through
  • Steps you can take NOW to let go of the tasks you hate (hint: it’s not always hiring a VA or outsourcing)

Date: Wednesday, August 21  Time:  4 pm Pacific time
Location: the comfort of your office Duration: 1 hour

Register at: http://www.yourcso.com/free-class