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How to .....set goals for 2012 when you are awash with kids, holidays and family time

Julia Bickerstaff - Sunday, January 01, 2012
Wait.

Today is New Years Day and this morning while out on my early morning walk (thank you bubba!) I shamefully realised I had not really set my goals for 2012.  

My excuse, I guess, is that December was a much busier month than I expected. Lots of work, a plethora of kids concerts followed by a school term that finished way too early, a baby to look after (gosh, I had forgotten just how time consuming that is....), guests to entertain and - well a whole lot of other stuff that simply swallowed up the month.

So there I was, on my walk, feeling a bit cranky because I was embarking on a New Year much less organised than I would want to be.

And then it dawned on me:

January is very much a family month for us. The boys are on school holidays and the whole reason that I structure my work in the way that I do, is so that I can spend time with them. So I won’t be doing a lot of work; although I always do a little -  it keeps me sane!

Therefore I can relax. There is no reason for me to get worried about kicking off 1 January with my goals - as my “business year”  starts on 1 February (or 30 January to be exact).

I have another few weeks to get my planning done. And that extra time will mean I can give some quality thinking to 2012 rather than hurrying my planning to fit some arbitrary starting point.

Of course I am not alone. There are many Kitchen Table Tycoons, like myself, who have to bide their time. We just need to work to our own timetable - and wait to start our year.  

How to.....pay yourself

Julia Bickerstaff - Friday, December 09, 2011

Found this while browsing the KBB archives. How to make sure you can pay yourself.




How to.......play good guy, bad guy, when you are the ONLY guy (or girl)

Julia Bickerstaff - Wednesday, November 30, 2011
Hire an (imaginary) chairman

When you work for a  boss and have some difficult news to impart - maybe a pricing issue with a customer or a negotiation with a supplier - you can always blame the boss. But when you are the boss, well it can all be a bit tricky.

On the one hand you want to play the good guy and be the warm friendly person, but you also need to address the issue, make the difficult decisions and say the hard stuff.

How do you do both?

Hire an (imaginary) chairman.

A friend of mine does this very elegantly. In a recent pricing negotiation, she explained to her customer how she had wanted to offer them a lower price but how, when she discussed it with her chairman (the imaginary one, of course), she realised that the business could really not afford to do such a deal. She emphasised that she had been very reluctant to agree with her chairman but had eventually come to realise that he was right and that this was the best deal she could do.

The client  took it very well, saying that they completely understood the situation and thanking  her for at least considering the lower price.

My friend continues to have a very good relationship with her client and  - yeah - they also pay her a good price for her work.

Sometimes, when you are the boss of a little business, you just have to have a few tricks up your sleeve. I’m collating a few more so if you have any that you’d like to share, please do!

How to........improve your chances of reaching your 2012 goals

Julia Bickerstaff - Monday, November 28, 2011

 

The Weightwatchers way

Way back in 1961 Jean Nidetch accidentally discovered that publicly sharing goals was a very simple way to achieve them.

At the time Jean was rather overweight and had enormous trouble sticking to diets. In a moment of despair she invited a group of friends to her house and told them about her weight loss goals. It was the birth of Weightwatchers.

It turns out that it’s the goal sharing - rather than the diet sheets, special food etc etc etc - that is the single biggest factor in getting the best weight loss results.

It works for business too.

Right now is a great time to be setting goals for 2012 so try thinking of a way you can publicly share them, such as:

  • buddy up with another small biz owner and share each others goals
  • tell your friends and family
  • start a small biz group (like a weightwatchers group) to discuss and share goals
  • blog your goals
  • try a goal sharing website such as http://www.43things.com/ and www.stickk.com



How to......get your marketing off to a flying start next year

Julia Bickerstaff - Friday, November 25, 2011
Diarise it

Imagine you have a list of 88 potential customers and you want to have two face to face meetings with each of them next year. That’s a manageable 4 meetings a week for 44 weeks of the year -  and gives you a breather of a few weeks off to cover holidays and the unexpected.

Pick a day of the week for those meetings and block out that time in your diary, for the whole year, right now.

Of course the meetings will probably have to shuffle around in your diary a bit, but that doesn’t matter. Once a regular meeting is in your diary it reminds you to make it happen, becomes a comfortable habit and forces you to make time to do it.

Why a short-on-time business owner creates a better business

Julia Bickerstaff - Tuesday, November 15, 2011

I’m a huge champion of people running Lifestyle Businesses* and, as you probably know, am in the throws of creating one myself.

A question I am often asked is “Is it possible to run a profitable business when you are constrained by the number of hours you can spend on it?”

You bet it is.

The human brain is a funny old thing and often behaves in unexpected ways. One of the surprises is that it often works better if it is constrained in some way.

Here’s why:

Every day the brain is subject to a cacophony of activity and if it didn't chose to ignore most of it we'd go bonkers. The brain works so hard ignoring stuff that all the other work it does has to be performed with mega efficiency. As a result, when the brain is asked to think about how to solve a problem it doesn’t bother digging too deep for a clever solution, rather it just grabs the closest answer.

But when you put an obstacle in the way of the brain so that it can't grab the nearest information it steps up a gear, and magic happens.

First of all the brain sorts through it’s impressive store of information and then it plays with it, matching seemingly unrelated bits of information in various permutations and combinations until, amazingly, a clever solution appears.

So how does this relate to running a business against the clock?

Well because you have set the clock as an obstacle, your brain can’t default to solving your business problems using the most obvious resource, time. Instead it has to dig deeper and that’s where it gets clever and imaginative.

Classic entrepreneurs, on the other hand, who think nothing of spending 100 hours a week on their business don’t get to activate that aspect of their brain in the same way. Their brains see a problem and immediately want to solve it by throwing hours at it.

So your business will be more creative, imaginative and innovative because you restrict the number of hours you work, not despite it.



*A Lifestyle Business is one that’s designed to complement the owners life, and often that means it’s run on less hours than most entrepreneurial businesses.

Often Lifestyle Businesses are run by Mums, but not exclusively. A dear friend, for example, runs a Lifestyle Business which allows her to spend 4 months a year trekking in Nepal.

One a day

Julia Bickerstaff - Wednesday, November 09, 2011
I’ve been amassing, for about 3 years, a cupboard of ‘ebay’ stuff. It’s full of purchasing mistakes (rather a lot I’m ashamed to admit), unwanted gifts (yep, no excuse, it sounds ungrateful) and clothes the children have outgrown.

We moved house recently and I lovingly packed the whole cupboard up in a box -neatly labelled ‘ebay’ - and carefuly unpacked it into a new cupboard in the new house.

And there it was destined to stay.Because despite my grand plans, I had never actually sold a single item on ebay.

It’s not because I didn’t know how to sell stuff and it’s not because I was hopeless at selling, it’s simply that I never quite got round to it.......because it seemed like such a huge job.

Truly, I had the Everest of unwanted items.

The thought of photographing, writing the details and then mailing all that stuff made me feel ill. So it stayed in the cupboard, and I just felt guilty whenever I went near it.

Then a month or so ago my husband, rather alarmingly, discovered both the cupboard and all my purchasing mistakes. I had two options: divorce or sell the damn stuff.

I chose the latter.

I didn’t sell it all at once, mind, that would be too awful. I decided to do one piece a day, every day, until the job was done.

Today I went to my cupboard to do my daily piece and, joy of joys, it was half empty!

In less than a month my cupboard has gone from looking like a prop on Hoarders to feeling pretty much like the rest of our cupboards (we’re a busy family of 6 , we don’t do perfect).

And here’s the learning - ‘one thing a day’ works.

I have a friend who hates making sales calls (although honestly she is so very good at them that I can’t think why). She started doing the ‘one a day’ in October 2010 and last week she told me that she has doubled her income this year. Go girl!

Another small business I know does the same with debtors - they call one a day; and guess what, they now have cash in the bank.

So here’s my tip: If you have a job that you don’t like, and is repetitive don’t put it off until you can find the time to do it all at once. Decide to do it ‘one a day’. Try it for a month. See what happens.

Blog on your business, not just in it!

Julia Bickerstaff - Friday, October 28, 2011

You’ve most probably heard the expression “work on your business not in it”, but in case you are not familiar, it’s about you - the owner - spending time running and growing your business rather than, say, working the till.

This tip is a little angle on working on your business, but instead of working on your business it's about blogging on your business.

The idea is that you blog about the ideas, initiatives, questions, successes and failures of the business itself. So if you run a flower shop you may have a blog about, say, seasonal flowers on your business website but another blog (written somewhere else, to avoid confusion- such as on blogger or your personal website ) where you write about, say, how you are evaluating premises for the next flower shop site.

Best explained by examples and two of my favourites are:

22 Michaels (the ‘blog on your business’ for Shoes of Prey and Sneaking Duck)

Luk by Cindy Luken (the ‘blog on your business’ for Cindy’s start up Luk Beautifood. Cindy, by the way, was the founder of super delicious and equally successful Luken and May biscuits which she sold a few years ago)

Here’s why, when you blog on your business, it’s good for business:

  • Writing forces you to articulate your thoughts clearly, which in turn makes your thoughts better (scientifically proven - funny thing the brain)
  • The blog gives you a platform to ask for suggestions and feedback on your business ideas - It’s the many-heads-are-better-than-one philosophy but without any obligation to take the advice, perfect.
  • Your followers will become your raving fans. It’s almost impossible not to. I’ve tried!* It’s because, I think, your reader gets absorbed in the story of the hero (you), starting out as the underdog (small business) taking on the giants (risk, customers, suppliers etc) and.....well after living through all that they just damn well want you to succeed.


Do you blog on your business? Are you going to blog on your business?

*For the avoidance of doubt and to maintain my friendships, I’ve not at all tried to avoid being fans of 22 Michaels and Cindy - both businesses are awesome

Getting financial paperwork organised, groan

Julia Bickerstaff - Thursday, October 27, 2011
In my early twenties I lived with my super organised sister. I was studying at the time and my files and notes were spread around the house in nothing short of chaos (actually my Dad, an RAF pilot, referred to my mess as the aftermath of an aircraft accident). Sarah ‘advised’ me to get organised. I ignored her for the better part of two years until I was coming up to my final accountancy exams and, desperate to improve my grades, I was happy to try anything. So I got organised and hey how (blow trumpet here) topped my class. Getting organised works.

Being organised still doesn’t come naturally to me so I’m always on the look out for tools to help me. To that end I’ve been experimenting for a couple of months with something to help me keep my financial paperwork in order: Bookzkeeper.

Bookzkeeper is pitched as ‘The accounting survival kit for small business’. Now there’s lots of stuff that makes grandiose claims like this so, to be honest, I started out a little sceptical. But I needn’t have been - it’s a great product. It’s easy to use, assumes you know next to nothing about accounting and complements MYOB and Quickboks (which isn’t me, I’m a SAASU girl, but that didn’t seem to matter).

Now of course I am a qualified accountant (Chartered, if you will, both in England and Australia) but I don’t practice as an accountant, and in terms of organising stuff, well I need as much help as the next guy (or should that be chick?) So hats off to Alycia Edgar - the brains behind Boozkeeper - for a great product.

Getting your stuff on TV isn't always good for business - lesson from my hairdresser

Julia Bickerstaff - Wednesday, October 26, 2011
If you’ve heard me keynote at a seminar you will probably remember me talking about my hairdresser, George Giavis. He runs a super-small business (The Blonde Room) and has designed his business in a cleverly profitable way.

Yesterday, while I was under the tin foil (yes, the blonde is no longer completely natural) he lamented about a recent marketing initiative for his hair accessories which had gone a bit pear shaped.

Here’s the story.

Someone from Channel 10s The Circle called George up and asked him if he would send over forty of his hair accessories which they would then feature and giveaway on their show. The Circle were doing a piece on Melbourne Cup - hats and fascinators - and it seemed like a good fit.

George thought forty hair accessories was a bit over the top so he sent twenty and excitedly watched the show as it aired on Monday.

His excitement quickly turned to horror. Watch the the clip (he video is quite long so just start at 3min 30.) and you will see why.


George considers his hair accessories (and brand) high end but the Circle popped his headpiece on some guy’s head, had a giggle and then did the giveaway of his 20 fascinators in the blink of an eye. The whole segment was flippant and cheap.

Understandably George was worried that the show had damaged his brand.

I don’t think so because it’s unlikely that ‘George’ type customers watch the show. And even if they did, I couldn’t remember the name of any of the brands mentioned once the segment was over (if you watched it, did you?) so there won’t be any lasting damage.

Except to George’s wallet.

I have no idea (and no inside info on) what the 20 headpieces that George gave away cost him but I doubt he had change out of $1,000. Ouch.

Being approached to showcase your wares on TV sounds great. But really.....is it right for you? As an absolute minimum, before you get carried away, ask yourself:

  • Will they show my stuff in the right way?
  • Will people remember it?
  • Will it cost me more than I will get back in return?