Showing posts with label 4N. Show all posts
Showing posts with label 4N. Show all posts

Friday, 20 May 2016

I‘ve got a Business Plan, have you.

Full Article: On LinkedIn

I‘ve got a Business Plan, have you?



Give yourself full marks....If it lives in a drawer somewhere, take off 10 points. Take off 20 points for every three months since you looked at it. Take off 10 points if it is less than 3 pages long. Take off 20 points if you used a “business plan template”. Take off 10 points if it is a several generation old photocopied questionnaire type template. Take away 20 points if it did not have a monthly cashflow forecast that you update. Take off 50 points if you did not see the point when you did it. To read the full LinkedIn article, click here:

Tuesday, 28 April 2015

You Have One minute!

Business breakfasts, business networking events  and similar events often invite you to stand up and have one minute to say what you do!  Where to start? Similarly a common approach when at an event to meet new people is to ask,  'What do you do?' Much the same sort of content is required then as well.
Put on the spot you might struggle. Standing up and announcing to the gathered throng how good you are does not come easily either. Even those who have done it enough times to be relaxed about can and do get it wrong.
Obviously, if you are a new business you do need to sort out just what you do and what you need to say about it. There are some tactics you might adopt to avoid drying up and wishing you were invisible.
1) Have some simple things to say about what you have to offer. (Not so much what you do, but rather the benefit of using your service or product)
2) Rehearse it to check timing and sensible content but do not over rehearse. Never read it out unless you are so nervous you really need to do so. In which case make sure you speak it and don't read it. The tone of your voice when reading will be informational, not inviting.
3) Have a summary line which is memorable. Humorous perhaps, or at least a neat summation of your key message.
4) Speak up but do not shout. You do want them to hear you right?
5) Take a breath as you stand up and sort out your chair before beginning to speak. Face your audience before speaking. If you say your name and business name do so slowly and clearly and pause to let it sink in.
6) You only have one minute. Have an intro, a middle and an end. Sit down having made a clear statement and not distracted your audience away from your message.
7) Avoid saying 'also I do... '  then 'also I do...' with a long list. It's better to keep your content to one area of business.
8) Follow a formula such as this:  You know when..What I do is.. The result is..The benefits are..  (Not necessarily those words)
One of the key things BobShepherd Associates can give is an external view. This applies to networking speeches as much as anything else. Get a view of what you are saying from another perspective. It can always be better.  As a sort of critical friend to my clients it is one of the minor but important aspects we cover together.

It's a complicated thing altogether and worthy of a lengthy book chapter, but simple in its principles. 

Tuesday, 29 May 2012

Make it Happen Monday!

4N's extra session called Make it Happen Monday is designed to make small business stop think and focus on improvement. It's a clever idea and when well organised does a lot of good. So having been to one of these workshops, you have come away with a basket of ideas to address.

Business Networking
Well Good, that is what it is for. This Monday's Cardiff MHM was an interesting case. Last time we had one in Cardiff nearly everyone stood up to say the things they were having trouble with were the money aspects of business. 
Things like Cash Flow, Pricing, bookkeeping and banks all figured strongly. The previous MHM to that had an emphasis on Marketing and Social Media. Many wanted to know more about Twitter LinkedIn and Facebook and how to use them to advantage in business.
This last MHM on Monday had an emphasis on Time Management, organising, short term business planning and general effectiveness. 
As a lecturer and practising consultant in building businesses and sorting out finance for people I would have previously stated that taking small business as a whole you could reckon on 40% having issues with money, 30% having Marketing issues and another 30% having admin and time worries. 
It could be that all businesses have all of these worries in some measure and when one or two express them out loud the rest find their focus swings towards that. It could be that for some reasons of networking cohesion, like minded businesses have gathered together with their friends to come along to MHM. 
It could also be that the seasons change and there is some sort of annual cycle going on that leans towards certain problems at certain times of the year. 
It could also be that I specialise too much in this stuff and I should get out more. Safe to say most businesses have their issues. The sooner you can address them by improving, outsourcing or concentrating on getting the mix right the better will your business be.