ENTREPRENEURIAL INSOMNIA

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What keeps small business

                                                                

owners awake at night?

                                                        
With appreciation for the inspiration for this post to Meredith Bell info@2020insight.net (publisher of a great free weekly self-development newsletter titled GOLDEN EGGS), based on yesterday’s conversation with Meredith about what keeps CEO’s awake at night.

 

As recently as three years ago this past May, a respectable study identified worrying about the caliber and extent of employee skills to get the jobs done that needed to be done (I’m paraphrasing here) as the number one reason that CEOs were unable to sleep at night.

But the economic impact on business was nowhere near as catastrophic at that time, and consumers were nowhere near as rambunctious.

Today’s business owners and managers are losing sleep over the inability of their business’s marketing efforts to keep up with the break-neck speed of change in the consumer marketplace (and slightly slower-to-respond industrial and professional service marketplaces). Wasn’t it just yesterday that $137 Kindle electronic readers were $400?

Without belaboring what’s prompted all the consumer scrambling for better greener quality with better warranty coverage at lower prices and faster delivery with improved customer service –because everyone is acutely aware of the maddening pace of information access and exchange– suffice it to say that marketing tools, methods, approaches, and people must rise to the occasion.

The place to start is at the point of word creation. If the words you use to market your business don’t work, nothing else can work.

If the words you’re using aren’t doing the job, it doesn’t matter how dramatic your graphic designs are, how friendly your website is, what fantastic salespeople you have, how terrific your operations are, how low your overhead is, how many awards you’ve won, or how spectacularly your products and services perform.

                                                          

It doesn’t matter.

                                                                 

What does matter are the words you use to get your prospects and customers to be aware of and buy into all of those assets of yours.

Business owners need to be evaluating their market performance daily, not quarterly or monthly, or even weekly.

In this centrifuge of market activity — unless you enjoy being thrown up against a high-speed spinning back wall, anything less than some form of daily analysis will not leave you enough time to adjust today what did or didn’t happen yesterday.

This doesn’t mean you need to get yourself caught up in some kind of delirium and start behaving like The Mad Hatter. It means you need to keep a sharper eye on the changes that are taking place, even as you read this, and be prepared to make adjustments if and when and as they become necessary . . . not a month later. 

Except for branding themes and policies, marketing words can be changed in a day! If your words are not doing what you need them to be doing this morning, change them tonight.

It’s true that one word is worth a thousand pictures. Not convinced? Consider how many images your mind can produce when you see or hear any of the following words:

  • AMERICA
  • TODDLER
  • GORGEOUS
  • STRESS
  • FREE
  • HAPPY
  • HOME
  • NOW
  • HEALTHY
  • NEW
  • LOVE
  • WATERFRONT
  • BIRTHDAY
  • PUPPY   

 www.TWWsells.com or 302.933.0116 or Hal@BusinessWorks.US  

Thanks for visiting. Go for your goals! God Bless You.
 “The price of freedom is eternal vigilance!” [Thomas Jefferson] 
Make today a GREAT day for someone!

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