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Business Bytes
Change the world but have a plan first PDF Print E-mail

BB_globe_puzzleEntrepreneurship isn't about making money it’s about changing the world was the title of this post about Matt Mullenweg in the Sprouter Weekly blog. My response? Crap.

Twenty something entrepreneur Matt Mullenweg has a net worth of 40 million dollars. Unrealistic statements like this are usually made by the rich (think Oprah) or as a sweeping generality to describe someone who no longer has to make mortgage payments.  

Is it important that we love what we do? Do we want to make a difference? Of course. It only takes one thank you card from a grateful client to make my day but what that same client pays me for my services also bought groceries and covers the power bill.  

We have to take entrepreneurship out of the realm of ‘just follow your passion’ and put it into the reality of long hours, hard work and that uneven path to a decent income. We are misleading future entrepreneurs into believing that all it takes is an altruistic seed and a successful business is born.          

I have worked with more than one client who entered into business solely based on a passion or a good idea but time found them ill prepared for what comes next. I encourage potential entrepreneurs to dream, research and plan; just don’t quit your day job to change the world there is a lot of ground work to cover before you can do that.

 
written by PDF Print E-mail

jan_bb_read_researchWhether we want to or not it is expected entrepreneurs have writing on their to-do list, either online or in print from 140 characters to full length articles. We  make time on our schedule, chose a topic, type away and fact-check at the end but when it comes to being knowledgeable about the correct format and flow of what we write, this is an area of our business which often receives little to no research.

While I have no wish to cover the 10 steps to a good article I do have suggestions on how to improve your written product. 

1) Expand your reading repertoire 

- Experienced news reporters know how crucial the first and last paragraph are so study their techniques in national newspapers and Time Magazine, also pay attention to how the topic unfolds.

- Trendy magazines like Vogue and Vanity Fair pay high-profile professional writers to write for them. Examine how they use words, punctuate and manage the flow of the article. It requires skill and experience to keep the readers interest and attention.

- Zero in on the experts in your particular field, chances are you are all covering roughly the same topics so see how they develop and handle them not just in articles but in blog and social media posts.

2) You should have access to at least one of these print media reference books 

The Chicago Manuel of Style is available in print or online. As the oldest and more comprehensive style guide of the two; it often takes longer to find what you are looking for. This is an ideal guide for authors, editors and publishers of books, periodicals and journals. 

The Associated Press Stylebook is shorter and clearer. Providing a quick reference for those in the news and public relations fields which also makes it the more efficient for business writers.

When it comes to marketing yourself through writing it is not just about the content as providing your customers and clients with well written tips, updates and information.

 

 
Can The Bay Reinvent Itself? PDF Print E-mail

clothes_rack_thebayI have to admit that if you mention The Bay I think of old fashioned jersey knit suits, rows of identical clothes and in general a visually uninspiring store. Apparently the new president Bonnie Brooks is working to change that by embracing both the store's iconic history and the tastes of Canada's more sophisticated consumers. According to the article History Inspired Ms. Brooks has 'shed 800 lacklustre brands and added 250 new ones'.

I take exception to the article's statement "...... in order to make The Bay which lost relevance catering to middle-aged and older consumers in the 1990s, matter to a new audience of younger, hipper consumers." The forty something women that I know stopped shopping at The Bay during the '90's. The fact that The Bay purchased for a long outdated concept of the midlife woman is on their head; because baby boomer women were not coming though the doors other than to buy some perfume or check out the make-up.

If the store appearance and brand selection do improve and I can mix and match quality pieces to maintain my individual style I'll be glad to check it out and hopefully walk out of there with more than a HBC blanket. 

 
Daniel Pink and I Agree PDF Print E-mail

passion_bbIn a recent newsletter The Heart of An Entrepreneur I looked at whether 'finding your passion' realistically translated into the making of an entrepreneur. It garnered quite a bit of feedback; hitting an exposed nerve with some readers, others experienced a minor aha moment and a few disagreed.

A few days later Daniel Pink came out with his Sunday Telegraph column on The case against passion. He presented a point of view against "endless self-examination and the search for some inscrutable holy emotional grail .........." and ended the article with "I can testify to the power of de-emphasizing passion and re-emphasizing doing."

Newsletter, post or tweet when you are writing under your business banner the words aren't intended to bathe the reader in the warm and fuzzys but to get them thinking, motivated and stimulated. Peter Shankman is another speaker, writer, entrepreneur ......... whose writing style takes no prisoners. I follow the work of business people like him and Pink because they make me stretch myself and examine things in a different way.

As a business writer you should make your reader look deeper into their decisions and actions; as the reader it isn't about liking or even agreeing with what is written just make sure that it shakes your worldview a little bit.

 
one plus one PDF Print E-mail

calculator_plussignFor every business there is one other company you are compatible with. If you have the farsightedness to connect with at least one of them you can split advertising costs, cross promote and freshen the way current customers perceive you. One of the biggest benefits is of course the opportunity to tap into each others customer base and reach a broader market. For the best results this partnership should be done for a specific period of time. 

So stretch your imagination, think about the lifestyle of your customers and the time of year  

Holiday Season: People are looking for gift and entertaining ideas 

Coffeehouse + Boutique liquor store that sells liqueur & brandy  

Bakery + Specialty Tea Shop

Spa + Bookstore

Craft Store + Home Decor Shop

New Year: Clients want to set new goals in motion 

Life Coach + Professional Organizer

Gym + Dietitian

Health Food Store + Alternative Health Practitioner

The equations are limitless; providing an opportunity to test the waters for different demographics and ad mediums. Do your research though and make sure the company has a compatible level of customer satisfaction and their business ethics match your own.