Saturday, July 25, 2009

Catching "The Wave" Was Bound to Happen


When one sows into building businesses long enough, I guess, this will, if you are very fortunate, happen.
Your business is SO dog gone relevant, that it catches on like wildfire and you find yourself (after a load of trial and error) on the cusp of a wave.
Entrepreneur Chick says when this happens:
Enjoy it!
You earned it.
My grandmother used to say, "I'm just going to keep on, keepin' on!"
Apparently, this philosophy is a quite powerful in business too.
I am currently on a wave. Booo yah!

Friday, July 24, 2009

Building a System is How I Roll!

Yesterday, at a networking meeting- (I do not go to networking meetings unless they are Chamber of Commerce related, I went because one of my staff members invited me; and he's done SO much for my company, of course, I want to do something for him, in that he needed to invite seven people in order to qualify). I was struck by how awfully hard everyone was trying. Trying to get business. Trying to get business that they themselves, would have to execute in order to make a cash flow return.

I do not start or build a business that utilizes myself, me personally, my own personal time, to run. I build a system in which I plug people into. It's the system that works- not me. (Although I have to work initially, to build the system.)

What most (not all) of the people I hang around with do not understand is: I make money when I'm not working. They only make money if they work. There is a big difference.

Here is what I am NOT saying. "I am, therefore, better than they are." (As a person.) What I am saying; my business model, therefore, is better.

I can chose to work or not to work.

Last year, which was our best and most profitable year, I only actually worked in my business three times. That was roughly 12 hours of personal work. I worked a total of 12 hours out of 365 days, and made more than I ever have.

If you are an entrepreneur, and if you'd like more freedom- build a system that is leveragable, not a personality, which is not.

Wednesday, July 22, 2009

Could Your Staff Be Ruining Your Business?


"Hire tough so you can manage easy", is the thought that repeats itself through most business books, essentially. We, who are business owners, can all give mental assent to that ideology, but essentially, are we putting into practise what we truly believe? When the rubber hits the road, what's really going on?
The first point of contact many businesses have with their clients, believe it or not, is still the lowly phone.
If that person who is "the gatekeeper" has little to no social and phone skills, the business owner can expect their sales and their reputation as a company to plummet. Maybe you have the best product or service out there. Maybe no one can do it better than you- but yet, if you've mistakenly placed Mrs. Whiggins in charge of compelling that consumer to fork over hard earned, cold hard cash, in this economy, you are going to be in a world of hurt as a company.
For example, let me give you two exact businesses with two completely different out comes.
As you know, Eliot (my Yorkie) was not well yesterday. I first picked up the phone to give the business to a vet who is in the Chamber of Commerce with me. His name is John. John owns his clinic and his receptionist answered the phone using the following:
"Hello. This is Blah Blah Animal Clinic. This is Diane. How may I help you?"
When I, with fear and trepidation, explained to Diane what was going on, she thoroughly listened to me, asked questions, and gave me the information I needed, pronto. She further instructed me not to hesitate to call back if I needed anything or had any further questions.
The only reason I did not book with John was because he was out of the office as it was late in the afternoon, nearly the close of the business day, and he was on call. I felt bad to have him be called back to the office- so I called my first vet who I had established before John joined the Chamber. Wisely, John has Ms. Dreamboat answering his phones. She made me feel valued, and isn't that what we all want?
Calling vet #1 was an entirely different scenario. This receptionist could barely muster up enough vigor to say, "Hello"! And you could tell even that much was putting her out! Part of me wanted to say, "Never freakin' MIND." But Eliot was really ill and I needed him seen right away.
The vet I finally got into see (even at yet another hospital because that vet #1 was also gone for the day) was absolutely wonderful, kind, reassuring, gracious and honest. Plus he spoke with the most darling British accent. I have to say though, his receptionist was only a tad better than the one who was a real stinker-oo, and if I was not in a pinch, I would not have booked!
Don Preston is a first class business guru. One day we were talking and he was saying, "The Mission Statement of the business has to be so clearly and thoroughly articulated to the staff, that even without you being there, they make decisions in keeping with the integrity of that mission statement. Everyone has to know the intrinsic value of the business and what it stands for and how to carry that out day to day."
I own a business who's tag line (as it is a business to business enterprise) states;
"Our REAL business is getting people to YOUR business!"
I have to say- this one particular client of ours has everything going for it. Fabulous location. Fabulous atmosphere. Fabulous product. What they don't have, tragically, is a staff that has a sense of urgency regarding customer's needs. We have seen people walk out the door upset; and you know they are not coming back! Plus, have you heard that when people encounter bad service, they go and tell TEN of their friends? "Yeah, you know that place? Yeah, don't go there."
So as fast as we get new people over there, their inept staff is losing them!
I'm reading the book anew- "When You Say 'Yes' but Mean 'No'- How Silencing Conflict Wrecks Relationships and Companies...and What You Can Do About It." Leslie A Perlow- Harvard Business School
That title is loaded with wisdom. There is a way, however, to be diplomatic and sensitive in dealing with problems. Because, if you are in business, you are going to have problems; solving problems is what you're paid to do. Certainly I am not going to go to my clients and accuse unmercifully, "Are you guys absolutely clueless!? Don't you see what's happening?! Are you going to let these goobers sabotage your company and then you can't pay back your SBA loan and wreck your retirement and your entire future? Do you want to live in the projects? Be on welfare? Oh my God!" (Well, I articulated that so easily, I hope I don't burst out and blab that to them.)
Entrepreneur Chick believes that these two things are non-negotiable.
(1) Hire people with integrity, a good set of social skills, and a good work ethic. Hire tough.
(2) Teach those people what you expect, with clear and easy to understand protocol~ which exemplifies who you are as a company and which sets you apart from your competitors. Give them superior training.
Anything less than this mindset is as precarious as Lindsey Lohan's sobriety on New Years Eve.

Tuesday, July 21, 2009

Business Can Wait- Eliot's Not Well


It's going to be okay. I want all of you to know that Eliot, my beloved Yorkie of twelve years (his birthday is Aug. 2nd, should you like to send a card) is sleeping contentedly in his blue stroller, as pictured. All of you have strollers for your dogs, no?
I don't know what happened. I came home from "Unity In the Communities" in which the tri-city area in which I live, comes together to support our area non-profits and also award the winner of "Non-Profit Organization of the Year", which deservedly went to CCA, or better known as Christian Community Action. A shout out to you guys! GREAT JOB. Check 'em out @ http://ccahelps.org/
We do this ritual always, when we come home. Like the Baha Men would tell you- "Who Let the Dogs Out!?", and it's a mad dash to get Emerson, our Boxer, duly pottied and Eliot, who has fumed the whole time about being locked up in the bathroom- "Emerson. Check and see what time it is now. I think Mom and Dad should be back any minute."
"I can't tell time."
"You stupid idiot. If you can't tell me what time it is, when I get out of here, I'm going to pee in your dish like I did when we first got you."
Oh, how Eliot loathed Emerson. I've never seen anything like the out and out vindictiveness with which he was treated. He'd pee, every day, in Emerson's dish. OR, his other favorite was to poop. Whichever. Just to consistently communicate his message: You-Know-I-Hate-You-Right?
One particular movie featuring Kathy Bates, had me examining more closely my own psychosis regarding Eliot. You see, I always know what Eliot is thinking and can, at any given point, articulate it to you in fluent EliotSpeak. Kathy Bates had squirrels, all these squirrels in cages, and she could do the same thing! We're not crazy, we're just "in touch". Ms. Doolittles, that's all.
Eliot's "thing" to do when Tony leaves is to hop excitedly off the couch, spin around four or five times, and bark with this extreme sense of urgency, "Get up!Get up now! Do something for me! We don't have much time! I need some cheese! Hurry! The black man might come back! Get up! Get up!" That's exactly what he says. I know these things.
Eliot didn't want to take his favorite treat in all the world, which is a slice of cheese. I knew something was wrong when he refused his cheese.
He hurt his neck somehow. Emerson might have finally have had enough and secretly pummeled him- I don't know.
He's had his shot of pain meds and the doctor sent me home with more oral meds for the following days. You can understandably see why I'm not concerned about anything more than Eliot- at the moment.
Eliot: Shhhh. Don't tell the black man.
Me: I won't. Want some cheese yet?
Eliot: No, but maybe tomorrow.
Me: Okay.
Eliot: Okay.

Monday, July 20, 2009

Branding is Almost Everything

The deal is that I'm not supposed to be working on Sundays. I'm not supposed to be even thinking about work or talking about work, on Sundays. (Because of the mental break and because it's our agreement.) However, I was innocently just sneaking off to the computer to check my Twitter account, when, before I knew it, one thing lead to another and I began reading one of my favorite Dallas Morning News columnists, Cheryl Hall. (Who, ooopsie, writes about business. M'bad.)http://www.dallasnews.com/sharedcontent/dws/bus/columnists/chall/vitindex.html

I was all caught up in this completely compelling story about branding and this completely compelling guy who's company specializes in just that. Branding.

Personally, I adore branding. I get such a rush from the creation of a "look" for my companies. I love the whole thing. The layout, the logo, the website, the business cards, the letterhead, the envelopes, the t-shirts etc.

This whole creative process could be one of the reasons why, and I confess, I am such a serial entrepreneur- and unrepentant at that. Luvs it!

Ben Jenkins is an interesting person. He went to college on a baseball scholarship, yet also majored in art. He said his two polarized group of friends from high school (as you know how everything is diametrically opposed to everything else in high school) did not speak to one another.

Rather than choosing between the two seemingly opposing camps, he blended them both, and it looks as though that inevitably served him well, especially professionally. Ben was not an "either or" or One-Trick-Pony sort of man.

What I like best about this guy Ben is: he GETS IT.

Even the name of his company- One Fast Buffalo- makes you want to know more about them. One Fast Buffalo; ha. Very clever. I've spent a lot of time in Oklahoma and I can tell you for certain, buffalo are anything but speed demons. Their whole purpose for existence is to leisurely meander their day away going from one patch of grass to the next.

(Oh, give me a home where the Buffalo roam
Where the Deer and the Antelope play;
Where seldom is heard a discouraging word,
And the sky is not cloudy all day. I digress.)

Back to Ben. He says,

"Authenticity is huge. It's the only thing that truly differentiates you."

To which I respond with everything in me- hel-freakin' lo! You said it. Hallelujah and pass the plate.

I can tell you exactly why Entrepreneur Chick has enjoyed the success we have had as a company. (Companies.) Because we are exponentially better than our competitors. We deliver more. We are out there more creatively solving our clients problems and we are sincere about our desire to do this. I completely get Ben's assertion.

Furthermore, he had a keen take on this point that has bugged me for several months now, even over a year, which is:

"The point of branding is to create a little mystery."

In a business meeting last year with one of my informal Board of Directors, I was pressed to give my business the "correct" name.
Steve asked pointedly, "Okay, but after the name "Blah, Blah" what does the company do? What would you put there? How would you describe it?"

Nothing wrong in what Steve was asking me- but the thing was, as I stated in a later email to him- "Why should I put all the eggs in the mix? Let them figure it out." But Steve wasn't feeling this at all.

Had that meeting occurred with Ben, I think he would have understood me better.

Yesterday, I was so impressed with Ben Jenkins and his company, I just had to Tweet about it.

Amy (VoteforMike) called so excited. "Guess what? You know Ben Jenkins who you tweeted about? Guess what? I know him! I went to high school with him! Talk about your degrees of separation, huh?"

It's a small world- and I know I personally like being closer to people who seem to know what's going on.

Check out the Buffalo @ http://onefastbuffalo.com/





Saturday, July 18, 2009

Okay, That Was Weird...


Normally, I wanted to use Saturday's, besides catching up on chores around the house; as my "Quote of the Week" day. However, this was just so odd, I wanted to share it with you.
Amy, who reads me every day already knows this because we spoke on the phone earlier- (Big huge shout out to Amy for all your and Mike's and Bailey's support regarding our business, but you guys know I don't talk directly about my businesses here on Entrepreneur Chick, but thank you SO much! And Amy, I will get on those updates, promise.)
Yesterday in my post, I was discussing about how Rick, the owner of the funeral home, was explaining how they deal with a body after being deceased for several days; WHEN-
Three patrol cars, the ambulance, a firetruck and the medical examiner came to my neighborhood last night to remove my poor neighbor, who I did not know, from his home- as he had been deceased for several days.
Weird. That's just weird. Don't you think that's weird?
And since were are on the subject of weird; what in the world do you think this means, if anything?
For over six months now I'll look at the clock. 12:12, 5:55, 3:33, 11:11 or 1:11 or 10:10. ALL THE TIME- as in daily, this happens to me. When I feel compelled to check the time, more often than not, that's what time it is.
I looked it up online, because I was beginning to be frankly, freaked out.
Someone said they are your angels talking to you- okay... well my angels are telling me that it's "10:10 and 4:44..." they haven't said much otherwise.
It occurs so much I began telling Tony- "Hey, it's 12:12 again."
Do you think that's weird? I think that's just weird.
What does this have to do with business? Nuffin'.

Friday, July 17, 2009

3 Things Mortuary Science Can Teach Us About Business Ownership


Apparently going to the funeral home this week has made quite an impression. One of the things that struck me the most was how my happy-go-lucky, jovial and basically entertaining business associates became instantly transformed into fainthearted and serious tourists when we were actually inside the austere and unforgiving "prep" room. Eric and Michelle's, but especially Eric's countenance completely fell, and it seemed, as he stared both motionless and speechless at the simple yet efficient white sheet draped prep table for the bodies; that there was such a transformation on his face- I wouldn't even know him if I passed him on the street. I mean he shut completely down.
Business ownership is a lot like that transformation. You didn't know it was going to be this way; now you don't look so good.
As I have described, the new funeral home was more likened to a four star resort. But all of that ended toot suite when one entered the preparation room, or "prep" room. This is where the very unglamorous business of making death look as much like life as possible, begins.
Conceptually, starting and owning a business can appear, on the surface and to the novice, as the ultimate. However, as any thinking person will see; there's many different things that present themselves eventually to that well meaning owner. Here they are in short order.
(1) It Smells Bad. I know these things because of my friends who also own a funeral home. They brought me into their prep room and, because I knew them well, felt more embolden to ask indelicate questions.
"What are all those fans for?"
"Because," explained Rick matter of fact, "A dead body smells. Especially when you're working with cases where they have been dead awhile. The fans are placed at varying levels in here because smells actually have different weights. They sit or hang on the air differently. Less dense or more dense. We have the fans to help remove some of that smell, which can be overwhelming."
When we, as the viewing audience, watch an autopsy on C.S.I. and the like, what the audience does not take into account is how bad it smells. It's pretty gross.
The smell, therefore, can be surprising when one actually experiences, first hand, the prep room.
Owning a business is the same way. There's going to be a number of things you do not know about yet, which will not be so pleasantly appealing. Should you like to succeed, you will have to strive to the very best of your ability to find a workable way around these things and to place your "fans" to your best advantage.
(2) There's A Lot Of Blood. Well, there wouldn't be if they simply left the blood in the body of the deceased, but if you are to be embalmed, out it must go. We can liken this loss of blood to loss of cash flow- those unexpected items and events in which you're going to have to lay out much more cash than you ever, ever anticipated.
While working with an investor a few years ago, we presented our total start up cost for the business, meticulously itemizing everything; I'm telling you everything
painstakingly accounted for. We had page after page of these items; everything from legal costs and paper towels in the bathroom to phone systems, insurance, and web design. The works. (Okay, when I say "we" I mean, "Tony". )
Steve laughed, unimpressed and unfazed and said simply:
"Now triple that number."
Steve is a successful businessman for over 20 years. He's a national leader in his particular industry; with offices in Florida, Austin and Dallas. Because of his stellar track record, he's not someone I would question. When he tells you to triple it, you triple it.
You can have blood loss, and a lot of it. Are you ready for that? Did your plan take that into account? Can you really handle it, or do you just think you can? Once you're actually in business with your shingle on the door, we will most assuredly find out.
(3) "I Think I Am Going To Faint": Though the students in the mortuary science school rarely announce it. Ken, my friend who I have mentioned is an instructor there, told me when he was showing me their prep room, that he has learned to develop a very good eye over the years as to who's going to be "the fainter". Or, "We're going to have a fainter, catch 'em."
Ken explained, "Though some of these kids come to us from literally generations of families who have owned funeral homes, when they actually get in this room and see that blood being drained out by the embalming machine- sometimes they just can't handle it. I've had a lot of kids just drop out of the whole program altogether because they just can't get over it. They just can't cope with it."
When cash flow is tight, when customers aren't flocking, when it's not so easy- are you going to faint? Give up your resolve? I've had to chose a few times between paying my staff and paying my bills. Which do you think I chose? I paid my staff. Without my staff, where would my business be? My business is built on people. Great people. Without my people I am nothing at all!
I have become, at times, very, very frustrated but never so much as to give up the ghost and actually quit. I am unemployable. I've called my own shots for far too long. I can't imagine someone saying to me, "Be here at 9:00 a.m." That's a problem for me right there. I can't do it. So I just better suck it in and not faint.
This is an interesting story about my friends who now finally own their own funeral home.
Rick and Melanie actually met, of all places, at a funeral home. She was a licensed funeral director (who had gone through Ken's school) and Rick was a chemical salesmen; as it takes a great deal of chemicals in that business, by the way.
Over the years, Rick rose to a prominent position in his company. Six figure income, expense account, health insurance, the works. Meanwhile, Melanie discovered, much to her chagrin, that people tend to expire at the most inopportune times- birthdays, holidays, three o'clock a.m. She had had enough and opted to stay home. After all, Rick was doing well.
Before the economy tanked as bad as it has this past year, we counseled Rick and Melanie about once a month and helped them walk through the launch phase of their business. At this point in time, Rick had lost his job.
Though we, Tony and I, knew very little about the funeral business, there's static rules of business that apply to everything, irrespective of what you do.
The interesting thing about their case was, they had a very wealthy investor with gobs and gobs and money- but he just wouldn't commit. I told Rick, "Look. You have to get this guy to poop or get off the pot. If he sees you are going to carry out your plans with our without him, he'll probably get on board."
"Yeah, yeah, I know you're right. But he's just so nice to me and he takes me out to breakfast and you know, we play golf and..."
"Rick. Make him poop or move on."
"Well, I was thinking about just trying to get my old job back or just getting a job with someone else because this is getting pretty tough."
"And then what will happen if you do that? Do you not think you are going to be back in the same boat as you are now?"
I'll never forget that look on his face. Utterly startled. I didn't intend to be mean; but I had to tell him the truth.
It was only a few months later when we went to their ribbon cutting in their absolutely phenomenal state of the art facility! I was so proud of them. It gave me great, great pleasure to see their success.
Rick knew about the smell, he knew about the blood, and he knew he might faint- but he went for his dream anyway. How happy do you think he is today?
A real entrepreneur will suck it in and just do it.
So it's gross and you might get sick- you won't die.