What Really Happens in a Mastermind Group Meeting? Come, Peek Inside One

Posted by on Nov 10 2016

Are you curious about what happens inside a real mastermind group meeting? It’s not a secret anymore! Come, peek inside one…

Join me for a Taste of a Mastermind Group – Arena Style.

In this one-hour mastermind group session, three people are on the “Hot Seat,” bringing their challenges, questions and idea needs to the group.

And you’ll be able to sit in the arena and watch the mastermind group meeting in action through your web browser. Watch the meeting via video conference on your computer, laptop, tablet or smart phone. (If you won’t be near your computer, you can dial-in on your phone to listen.)

This particular mastermind group session is about running and growing a business, so it is extra helpful to those of you who are self-employed small business owners. (Personal and professional development mastermind groups are run the same way, so this is a great chance to peek inside a group meeting and see the inner workings.)

This will be an All-Content-No-Selling video conference.

If you’re sick to death of “free events” which masquerade as a sales pitch, you’ve come to the right place! You can be assured that our focus will be solely on the Hot Seats and watching a mastermind group in action.

Join me on Tuesday, December 6 at 3:00 p.m. eastern/12:00 p.m. pacific

Come and see behind-the-curtain into a real mastermind group meeting! Experience the power of mastermind groups for yourself by attending this free mastermind group session.

Yes, the meeting will be recorded.

If you can’t attend live, register anyway, and I’ll send you a link to the recording of the meeting.

Click here to sign up

You’re going to love it!

   

2 comments for now

Category: Business Strategy & Planning, Passion For Business News, Running a Strong & Efficient Business, Start and Run a Mastermind Group

“Ground Truth” and the Importance of Market Research

Posted by on Nov 01 2016

I know.

I know you’re excited about your new business ideas.

I know you have a great idea and when you tell others about it, they think you have a great idea, too. A great idea is the birth of a new small business.

But as a self-employed small business owner, you can’t afford to take chances on ideas without getting more information about what your entire market audience wants and what they’re willing to pay for it. Talking to 10 or 20 other people isn’t enough. You’ve got to talk to hundreds.

In the military and in NASA, they use a term called “ground truth.” While they can observe things via satellite and other distant monitoring devices, nothing beats getting down on the ground and seeing what’s really happening in real life. Here’s NASA’s explanation of how they use Ground Truth when it comes to their space programs.

So, how can you get ground truth about the viability of your business idea? The answer is market research. Market research is a study of your consumer’s preferences and your competition. Sometimes you’ll hear it called a “feasibility study.”

Through in-person interviews and online surveys, literature research, internet research, and other information gathering techniques, you can learn the trends in your industry, as well as individual preferences of your potential customers. If you’re in a well-defined industry, like toy manufacturing or massage therapy, you might find that your national professional organization has already conducted research studies on behalf of the members of the organization.

Why is market research necessary?

Because we all have different tastes, different ideas about what’s important in our lives, and different ability (or willingness) to pay a particular price for what we want. Often the small business owner thinks they have a great idea for a new product or service, only to discover that people either don’t want that service or product, or they’re not willing to pay the price that the small business needs to set in order to be profitable.

Sometimes they discover, joyfully, that not only do people want this new product or service, but that these same people can suggest other new products and services that would work well with the new idea, allowing the small business owner to see future growth into new areas. Or maybe they discover through their market research that if they made a small change in their product or service, for instance, making a product with a red cover instead of a blue one, that people would buy it more often.

Another purpose of market research is to discover what your competition is doing. Say that you want to create a new type of office product and you think your idea is unique. Take a look at what’s on offer at the Staples, OfficeMax and Office Depot websites, and you might discover that your competitors have already created a product to solve the same problem as your product solves. Does that mean you should then give up the idea entirely? No, not necessarily. What it means is that you now have some ground truth about what you’re up against if you want to go head-to-head with these competitors.

You need to know the ground truth about your ideas before you spend countless hours and money taking a new product or service to market.

I know that it feels like it’s putting a damper on new business idea creation, but in fact, it’s just the opposite: I’m encouraging you to find out what your customers want, and what they will pay for it, so that you can ensure future success.

   

4 comments for now

Category: Marketing

Is Election Stress Affecting Your Business?

Posted by on Oct 24 2016

Whether it’s the USA election or Brexit, September 11 or Hurricane Katrina, the uncertainty that surrounds world events brings up anxiety in people and changes their behavior, which in turn affects your marketing and sales.

I’ve spoken with several colleagues who are having a difficult time filling autumn classes or getting clients to commit to a contract, where they never had a problem before. These are high-skilled people with long-term reputations for excellent sales and marketing skills.

So I started asking around to see how widespread it is: Are you seeing anything different in your business these past few months?

I’m hearing a chilling response from my colleagues, clients and members: Yes, things appear different over the past few months, with their own businesses and in discussions they’re having with their own colleagues.

One possible explanation is that Americans are feeling extremely anxious about the elections and people in Europe are feeling anxious about Brexit.

Anxiety makes people hesitate before making a big commitment. They second-guess themselves. Many people take a wait-and-see approach when anxiety is high.

What You Can Do

Talk with your customers. While the political events may be important, and so is the rest of their personal and professional life. Reach out to customers and remind them that their dreams and goals will not go away, and instead of freezing in place, they should consider where they can empower themselves to take action. What is one next step they can take that will propel them forward?

For your own business situation, know that these anxieties come and go, and you don’t always have control over them. You can plan for these swings by keeping your finger on the pulse of how your customers are feeling, whether you sell to the general public, or to other businesses. Pay attention to these trends so that you can get ahead of the curve with strategic planning and nimble marketing. (And pay attention to your own reaction to world events – are you freezing in place, too?)

Pay attention to world events through the lens of “How will this make my customers feel and react, and how long will this event affect them?” You don’t want to make pivotal and long-lasting changes in your business and marketing model if your customers will only be affected by an event for a short time.

Where to Keep Your Finger on the Pulse

There are several places you can pay attention to what’s happening with your customers’ feelings and actions.

  • You can find a monthly consumer confidence index here. Simply scroll down to the Countries menu and select one or more countries to compare their confidence numbers.
  • Here’s a list of business confidence for many different nations as well.
  • Here’s the most recent Stress in America results from the professional association for psychologists, the American Psychological Association. It talks about how adults are feeling about the stress related to the election (in a non-partisan way):
  • The Marketplace and Edison Research Economic Anxiety Index is here.
  • Several major publications regularly interview business leaders about their outlook for their business/industry, and your local Chamber of Commerce may do so as well. Just Google “business leader outlook” to find relevant survey results. (Note: because Google will show you a series of results, even historic ones, you might want to put the current year in your search terms so that you get current results.)

What Do You Think?

What’s happening in your business? Is it steady or have you seen changes? Share your thoughts on my blog.

   

2 comments for now

Category: Business Strategy & Planning, Marketing

Weather Emergency? Tips on Running Your Business Offline

Posted by on Oct 04 2016

I wrote this blog post four years ago when Hurricane Sandy was upon us. Now we have a new one coming our way: Matthew. So I figured this was the perfect time to re-post this!

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Our offices are right in the cross-hairs of Hurricane Sandy. Here are some tips for running your office “offline” in case you lose electric or access to the internet, from all my wonderful Facebook Friends!

 

Karyn Greenstreet First tip would be: Contact clients and students to tell them the office might be closed.

 

Suzanne Hiscock This is a preventative tip:  Don’t skimp on webhosting/servers if you have an online business.

 

Shannon Cherry Power up everything you can before hand. If you have my-fi, know how to use it. Power up meaning- fully charge!

 

Maureen Flatley Back up batteries, camp stove for coffee, battery operated lanterns, drinking water, lots of simple snacks…….this is our approach.

 

Suzanne Hiscock Another prepare ahead tip:  get a hand-crank phone charger.

 

Christine Clifton be aware of what you access ‘in the cloud’ and take steps to backup files/data on your hard drive/a toast drive – so you can work ‘offline’

 

Suzanne Hiscock Oh, and make backups of your entire site if your website is hosted in the storm’s path.

 

Karyn Greenstreet Print out important files, so you can work offline even if your computer isn’t available. Include all important email addresses and phone numbers.

 

Maureen Flatley Internet based email has been a godsend too.  We live on the water, north of Boston and have a lot of flooding and power outages.  You can’t plan for everything but there are some basics.  When we have lost power for more than 24 hours and couldn’t access our technology it reminded us that you can’t completely eschew paper records and that we lived for years w/ out email or texting.

 

Christine Clifton set an out of office message on your cell/email, letting people know what’s going on and you may be offline.

 

Maureen Flatley I put all of my important documents into email so I can access them from anywhere for any reason.  So if I’m in midstream w/ something – which I am today – I can get to it if I decamp to another location.

 

Karyn Greenstreet That reminds me, Maureen…I use Evernote for the same purpose. I have Evernote on everthing so that no matter where I am, and what machine I’m using, I have everything at my fingertips.

 

Donna Soffen take care of any (in this case) end of the month autoship changes or additions before you lose power. and contact anyone in your upline/downline that isnt in the storms potential path & ask them to help take care of any customers/new recruits that might enroll or purchase from your site that they can see from their backoffice- on your behalf.

 

Karyn Greenstreet Another tip: get a blank journal. If your power is out for 5 days (like ours was last year), there’s nothing so scrumptious as writing “by hand” again.  🙂:)

 

Kathy Milici Have plenty of chocolate on hand! 🙂:)

 

Angie Robinson Keep a list of your nearest Starbucks – coffee, outlets, and wi-fi

 

Karyn Greenstreet Good idea, Angie, and Panera Bread has wifi and outlets, too … as does our local library.

 

Marlene Hielema Pen and lined paper to write with so that if your computer runs out of battery power, you can still jot stuff down. Books to read. Deck of cards to play manual solitaire. Scrabble game.

 

Karyn Greenstreet Another tip: backup all your files, preferably to an online backup service like Mozy, Carbonite or iDrive. That way you can access everything from a new computer, if yours gets damaged in the storm.

 

Sherice Jacob Invest in a UPS in case the power goes out, you’ll have a few minutes to save everything.

 

Carole Sevilla Brown I’m with Sherice. My power back-up gives me about an hour and a half reserve power. This is a good reminder that it would be a good thing to have a few evergreen posts in reserve for times like this. And I’ve got lots of batteries for my digital voice recorder because I do a lot of “writing” that way.

 

Lisa Wood have a car charger on hand to charge your phone, plus an adapter to charge other electronics

 

C.J. Hayden Give your clients and team members a backup email to reach you in case your usual one goes down. Has happened to me more than once with natural disasters and regional power outages.

 

Terri McMahon Zwierzynski Thanks for reminding me to backup my website (every Monday!) Honestly, I’d find it hard to focus on work, with kids and dogs and the whole differentness of the situation. So I’d go with a good book, candles/lanterns, a deck of cards and a few boardgames.

 

C.J. Hayden Oh, and if your phone service is a landline, make sure you have an old-fashioned handset that requires no power to operate. You may keep phone service but lose power. Happened to us in the ’89 San Francisco quake.

 

Would YOU add anything to this list?

   

4 comments for now

Category: Running a Strong & Efficient Business

Don’t Wait to Become an Expert

Posted by on Sep 24 2016

There’s really only three ways to get known as an expert in your field: teaching, speaking, writing. Let’s do it!

Do not wait for someone’s approval or permission.

Don’t wait until you know more — there’s always an audience who knows less about a topic than you do — and there’s always opportunity for you to learn more.

Don’t wait until you lose weight, or find the perfect clothing, or get Botox. Decide once and for all that other’s judgment of your physical features is their problem, not yours.

Don’t wait until you’ve crafted the “perfect” speech or the “perfect” lesson plan. Do the best you can, and tweak after each time you speak. Speaking and teaching are living arts; you get better each time you do them.

Don’t wait until you have enough money or time to put on a huge workshop or start a big mastermind group. Instead, gather a small group of people, and start where you stand. You’ll grow your participants along the way each time you offer your class or mastermind group.

Don’t wait until you’ve written the most elegant blog post or book. If you need another pair of eyes on your writing, there are thousands of people in the world who need the same thing. Find a writing buddy and get your writing out into the world.

And finally, don’t wait until the fear goes away. It won’t go away. Instead, decide that you’ll work through the fear, you’ll be bold and brave — because it’s far worse to have regrets.

   

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Category: Business Strategy & Planning, Creating, Marketing & Teaching Classes, Marketing

Passion For Stealing

Posted by on Sep 08 2016

As many of you may remember, I had a lovely time a while ago with people stealing text from my website. Now, someone has upped the anty by stealing the layout and logo design of my website. How did I find out? A colleague noticed the similarities and let me know.

I contacted the life coach who’s logo and banner layout was extraordinarily similar to mine, and within two days, she modified her logo and banner.

In another instance, the entire text from my home page was on another coach’s website. Within three days, she had removed it and replaced it with her own text. In both these cases, they said it was their website designer who had stolen my ideas.

Can we not trust website designers? Can we not have clauses in our contracts with them, stating plainly that they are creating original websites for us and any damages for copyright infrigment will be fully upon the website designer?

And why should I have to pay an attorney to get these modifications made, or to take people to court?

 

   

6 comments for now

Category: Website Planning
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