The South American economy is growing and the interest and demand in social media and mobile marketing is growing with it. Here are a few thought from my trip to Lima this week
Does Your Story Include the Life of You Really Want?
Last week I mentioned that I was reading the book “Trance of Scarcity” and I was sharing my thoughts on Marketing Beyond the Trance of Scarcity. This week our guest blogger, success expert, coach, author and speaker Lynden Kidd will be sharing with us her view on the chapter in “Trance of Scarcity” about ‘stories’ and how they impact our ability to create the results we deserve in life.
We all have a story about ourselves. It usually starts mundanely with; ‘I was born on (fill in the blank date) in (fill in the blank location).’ We also love to tell stories about everything around us. Additionally, we learn powerfully from them too. So, then it seems logical that we’d be empowered by our stories; that they would be informative, uplifting and renewing and that we would tell good ones, rich, juicy benevolent ones about ourselves and each other. NOT. Have you seen the headlines? Have you heard about the US economy;
about the European one? What about your own story? There isn’t much of a silver lining in anything in the headlines and many of us have chosen really awful personal stories.
With bad news all around us; how do we avoid the instinct to simply hunker down and to wait out this economic winter hoping that spring will arrive before we perish or run out of cash, investments and patience? Answer: we live intentionally.
Each of us is in control of how we respond to the events that happen in our lives, and we craft what happens to us from adolescence through all of our adult years.
Living a life on purpose or a life of intention is very different than trying to get our personal and professional circumstances to behave. Intentional living means living out loud and in a way that aligns us with what really works – being confident, being resilient and exultingly achieving success in our lives and our work.
So, how do we do this you might ask? The most successful among us examine our stories and lives for “limiting” beliefs. We intentionally reviewing what is serving us and what isn’t any more. We focus on the stories and beliefs that serve us and discard all others.
The objective is to transform into a version of yourself that has a story that is worth telling.
Bottom line, intentionality means consciously choosing to write and live a better story. instead of just bumping along like a leaf in a stream. Here’s to great stories!
You can begin your journey for intentional living by attending Lynden’s day long Success by Design workshop on October 8th. Visit http://lyndenkidd.eventbright.com to register.
Use the Coupon code “NETWORK“ to receive $50 off the retail ticket price
How to Successfully Launch Your First Business
A friend of mine recently graduated college and landed a great job in the IT industry only to discover that her passion was baking. She sent me an email requesting my advice. I ended up writing a pretty lengthy response that I believe is filled with information any new entrepreneur can use… so I decide to share it with you; my favorite reader! I apologize in advance for any spelling errors. I like for my my emails to have character.
So…you want to be an entrepreneur? This is a big decision. I’m glad you have job now to support you while you build this dream. Since you want to become a baker lets hop right in to it.
Start Small and fill a Niche
I would start by baking cakes at home and selling them to friends and family while you save money and prepare for your bakery. You may even want to get access to a commercial kitchen at a church if things really get rocking. Most churches have underutilized kitchens and would be happy for an extra $100-200 a month. I recommend choosing a niche (wedding cakes, cup cakes, etc) and getting really good at it You can make a pretty good living off of wedding cakes.
Build a business Plan – Most people say start here. However, if you’re a procrastination you will never get started. My advice is to simply get started and but build your plan before taking on too many customer.
Next, you will need to build a business plan with a good financial forecast. This means you will need to start pricing everything you need as if you were going to open the bakery tomorrow. (Location, oven, city inspection and tax fees, baking ingredients, credit card machine, etc). It wouldn’t be a bad idea to work part-time with a local baker and watch how the run their business.
There are many FREE biz plan templates online http://bplan.com/ is one.
Get Support – Business is a team sport. Lone Rangers are punished harshly
Review your plan with several people who have been successful in business (The keyword is “successful”) and who you trust will give you honest feedback and won’t be a dream stealer. Look around your city for an SBA approved Small Business Development Center or other Free or low cost start-up support centers like SCORE.
I would also become a regular at chamber of commerce, non-profits, and other business/social related meetings. Make friends and lots of them and keep up with them on Facebook and with Christmas cards, etc. They will eventually become your customers. It’s not a bad idea to find out what the top charities are in your city and start volunteering when you can. This will get you noticed by the big players in your city.
Confidence is King – If you don’t have it now read motivational books take seminars and execute on your plan like crazy to build it.
When people ask what you do tell them by you own a cake decorating company and you specialize in_________cakes. Even if you’re baking them in your apartment.
Part of becoming a business leader means acting like one until you believe you really become one. Hence, the phrase from the movie “Boiler Room” Act as If. Customers absolutely love confidence and will pay a premium for it!
Save Your Dough – Most business owners fail because they go broke before they learn how to make money. Don’t be this guy. Additionally, I would caution against taking out large loans on your first enterprise. There is nothing wrong with growing your business with the earnings from your success. Business loans are still loans and have to be repaid (Unless you’re like Trump and you go bankrupt every year).
While you’re doing all of these things keep your expenses way low and start saving like a maniac 25-35% of your pay. You will need at least 6-12 months to live on plus whatever your business plan dictates you will need monthly to run your business until it becomes profitable. Starting home-based bakery can help with this transition.
Be willing to Fail – Because chances are you will
Most businesses fail in the first year. Don’t be afraid of this. Business is 90% mental. If you do the things in this email you will increase your odds by 1000%. Nearly every Millionaire has failed their way to success. In fact, most millionaires fail on average 16 times. Since this is your first business you should be prepared to take at least 15 more shots.
If you don’t want to become a millionaire thats ok but the same rules apply. However, you should plan to make a lot of money at what you do otherwise it’s not worth the risk, worry and sleepless nights.
Oh…and you must learn to Sell, Sell, Sell yourself. If you’re uncomfortable asking for money get over quick there are several seminars and training programs to help you with this.
Finally make sure you read the book “The E-myth Revisited”….this book is critical reading for all entrepreneurs according to nearly every business consultant in America and its core example is built around a bakery concept.
What would you have included in this email to my friend?














