Page 127 – BenchmarkONE

Advice for Beating the Summer Slowdown

Summertime, and the livin’ is easy… So goes the old song from “Ragtime” and it’s true if you’re on vacation down on the beach, spending the evening grilling, or playing mini-golf with your kids. However, the lyrics aren’t so true when you’re a small business owner and business slows down and even screeches to a grinding halt in the summer.

What can you do to ensure that your business survives each summer?

Dial (and Email) for Dollars

As a small business owner, you know that you and your sales team need to talk to your contacts, be it through emails or on the phone — or, more commonly, both. Robert Rains, Co-Founder and Chief Engineer of Wicked Easy I.T. uses the winter and spring to make those contacts to generate summer business. “I step up my sales activities to acquire more clients before the ‘summer vacation slowdown’,” says Rains. “I also offer discounts on project work during July and August.”

Who should you reach out to with your emails and calls? First, do not just start by buying a list and cold calling people. Just don’t. By doing that, you’re going to aggravate people and they’ll take their business elsewhere. That’s not what you want. 

Instead, use marketing automation to identify the leads who have already made contact with you and have visited your website.  For example, send a promo email to warm leads who have recently downloaded a resource from your website.  And start a call campaign to hot prospects who have visited key product pages on your website and have a higher propensity to buy.

You can also look for potential customers in your customer relationship management (CRM) system who are part of your lead nurturing efforts.  Incorporate a summer promo email into your nurture campaign as the 7th or 8th touch in the campaign, as it typically takes about 7 to 8 touches for someone to take action and make a purchase.

Staying in touch with your warm leads will help keep your business top of mind – and sales coming in the door.

Let the Past Repeat Itself

Now that you’re dialing, smiling, and emailing those warm leads in your database, it’s time to dig into your CRM for more prospects. Look back at past customers and and see who has used your services/purchased your products in the summer months of the past years. Segment those specific customers into an email list and have your marketing team create copy for an email campaign that will first remind them of your expertise and then showcase your products and services with a summer promotional price. 

Next, you can look for cross-sell and upsell opportunities.  Create a nurturing campaign for past customers that highlights compatible products and services they might be interested in.  You’ve worked hard to win those past customers, so increase customer lifetime value and squeeze more ROI from your marketing efforts with those repeat sales.

 

Plant Lead Gen Seeds for Future Harvest

How do you get those potential customers into your CRM to become part of your summertime lead nurturing efforts? It’s all about the lead generation. You should continually be invested in creating thought leadership to establish yourself and your business in the field; being an exhibitor at industry events; and developing social media posts that link to a landing page with a form to collect contact information, which can even be just an email address. 

When generating leads for your business, remember that the focus shouldn’t be on you and your business, but on your target audience and their obstacles.  All of this work leads to generating new leads for your company that you can then nurture.

Make Me a Match…

In order to keep your company going and bring new business in, you need to constantly meet new people. One of the best ways to do this is through local networking events, especially ones that are business-to-business focused. Not sure where to start? Check out Meetup’s B2B Networking listings and find one that’s local to you. These events are a fantastic way to talk up your business; find people who may be looking for a business just like yours or know someone who is and will serve as a business matchmaker for you; and to also get acquainted with other small business owners.

Joining a local B2B networking group can also be quite fruitful for small business owners, as group members prefer to recommend/refer the businesses of other group members to their family and friends to keep the group thriving. Some groups even offer a member the ability to take up 10 minutes of a weekly hour-long meeting to talk up their products or services in a promotional presentation to the other members to further the recommendations.

By following these tips, you’ll be living the “easy” life come summer and beyond.

More Than Just a Pretty Face: How to Build a Website for Conversion

Imagine that you are unhappy with the way your small business’ website looks. You also don’t like how it’s performing as a sales generator. You think if you just get a pretty looking website with the latest design bells and whistles, not only will visitors love it, they will buy more of your stuff.

So you hire a talented designer. You pay a small fortune and get a beautiful website redesign – complete with a trendy background video on the home page. Exciting, right?

But soon, disappointment sets in. Even though you’ve focused on SEO and drive traffic to your site, no one is joining your email list. No one is contacting you to find out more about your business and the work you do.

In other words, your website is not converting.

So what is website conversion? In the digital marketing world, conversion, or Conversion Rate Optimization (CRO) is the art and science of persuading website visitors to take the next step you want them to take – this could be anything from subscribing to an email list, to requesting a one-on-one consultation, to purchasing a product or service. The whole point of having a website is to drive sales, and optimizing for conversions is a must.

 

Don’t Prioritize Pretty

It’s easy to get caught up in how your website looks as compared to how it performs. But your site doesn’t have to look pretty to get you the conversion results you want and need. It can be plain, homely, and downright ugly, and still be a sales-generating machine.

Your website’s job is not to look pretty. Your website’s job is to help you sell more of whatever it is you sell.

Now, of course you don’t want an ugly website. Just know that it takes more than a pretty website to convert site traffic into sales for your business.

So what are the elements of a high-converting site? Design and copywriting.

Even though your site doesn’t have to be beautiful to convert, design does matter. Your high-converting site will typically have a design scheme that is simple, clean and logically laid out. It will respond gracefully to different devices – from the flat screen monitor down to the smart phone.

Clean design is augmented by engaging, persuasive copy.

Legendary copywriters use the concept of the “slippery slope” in their writing (more on this in a moment). In other words, from the start of their written message, there is an easy, smooth progression until the point of conversion.

Likewise, there should be a “flow” to your design that aids in the conversion process. And, your design will deliver the first impression of your business. It’s the first thing visitors notice, even before your copy. It can either make visitors want to stay, or it can drive them away. If it’s complicated and confusing, you can bet it will cost you conversions.

 

Website Conversion Pitfalls to Avoid

There are a few cardinal sins of website design you’ll want to avoid.  For instance, use images that are relevant to your message and product – but avoid generic stock photos. Use real pictures of real people and real pictures of your product, if possible. Humans are visual. We are drawn to pictures, especially pictures of other people. At the same time, we can tell at a glance if your images are authentic or not, and will quickly bounce from a website full of stock photos.

Another pitfall of an under-performing website is a lack of directional and call-to-action cues. These are design elements, either blatant or subtle, that persuade readers to notice what you want them to notice and take the next step in your sales process. For example, a highly visible red arrow that points directly to your call-to-action button. Or for a more subtle variation, a picture of a person looking in the direction of the call-to-action button.

Finally, websites that only appeal to visitors who are ready to buy right now are missing out on a huge opportunity for conversion. According to Kissmetrics, 96% of people who visit your website are not ready to make a purchase.  That’s why call-to-actions that address the top of the sales funnel – an email signup or resource download, for example – are an integral part of a conversion-friendly design. The right online marketing and sales software can help you capture top-of-funnel leads who reach your website, and then nurture them until the convert into paying customers.

 

Are Words “Just Words”?

“The difference between the almost right word & the right word…it’s the difference between the lightning bug and the lightning” Mark Twain

Yes, design matters in conversion. But your words matter just as much. The right words can draw readers to you like moths to a flame. The wrong words can turn them off and drive them away. To convert well, your site needs not just words, but solid copywriting.

Copywriting is selling in print. It’s a specialized skill that bears little resemblance to the papers you wrote in high school English. It’s a valuable skill you can learn. Or if you prefer, you can hire a professional copywriter. Either way, copywriting is critical to a high-converting website.

Even if you hire a professional, it’s good to know copywriting basics:

Good copywriting bears little resemblance to formal, academic English. It has a “conversational” quality to it. Imagine having a conversation face-to-face, an informal talk with the goal of selling a product or persuading the other person to take a specific action. Good copywriting has this conversational quality.

It also isn’t directed at a large audience, but to an “audience of one”. You want the reader to get the feeling you are speaking to him only.

It’s natural to try to persuade and impress potential customers by talking yourself, your business and your products. Don’t do this. Focus your message on your reader. You want to “talk” to the reader about his or her wants and needs. You want to write in vivid, emotional detail about a problem the reader is facing and offer hope that you can solve it.

And good, persuasive copywriting that converts is simple. Short sentences, short paragraphs and a basic vocabulary are the norm. When it comes to copywriting that sells, your high school English teacher would not approve. So be it. You’re not trying to get an A on a paper, you are trying to win new customers.

Here’s another tip to help make your copy more effective, especially when it’s long form. Use what legendary marketing consultant Bill Glazer calls the dual readership path. Use plenty of white space. Have a compelling headline. Have sub-headlines. When appropriate, without overdoing it, use italics and bold text to drive a point home.

In essence, the dual readership path enables you to deliver the bulk of your message to “skimmers”, those readers who may be interested in your product, but aren’t interested in reading a lot of copy.

But whether they read all of your message or only skim through it, you want to produce the “slippery slope” effect I mentioned earlier. From your compelling, eye-catching headline down to your powerful call to action, make the experience of reading your copy an interesting, enjoyable, almost effortless experience.

 

Test. Measure. Repeat.

When you are working hard to build your online marketing machine, it’s easy to get antsy. You want results now. But please be patient, especially as you optimize for conversion. Rome wasn’t built in a day, as the old saying goes. And your high-converting website won’t be either. You’re in this game for the long haul.

Websites are fluid, they aren’t set in stone.  So A/B test constantly. Even the most minute details – fonts, colors, etc. And you definitely want to test bigger things like headline copy and image captions.

When it comes to website conversion, focus on what will help you make sales, not on what’s going to look pretty.

8 Ways Small Business Owners Can Manage Stress

As a small business owner, you know all too well about stress. There’s the stress of paying the bills; the stress of finding new customers; the stress of retaining your current customers; the stress of finding, hiring and firing employees; the stress of keeping on top of the day-to-day management of your business… And yes, the list could go on and on. But that’s not what we’re focusing on here.

Instead, this article is about how to manage and ease all of that stress. Read on for eight ways you may not have considered.

 

1: Exercise

 

reduce stress - exercise

 

Okay, so this one’s a no brainer, and I know you’re sitting there reading this thinking “Where am I going to find the time for that?”. If it’s important to you, you’ll find the time and make the time to work out. Consider it officially important. Exercise in any format (spin class; boxing; running; walking; or whatever works for you) helps to heighten your level of endorphins, which are those hormones that give you a “feel good” sensation, and serves to alleviate stress. Pencil in some exercise into your calendar. It will help.

 

2: Meditate

 

reduce stress - meditate

 

Thinking a hundred or a thousand thoughts a second – like most small business owners do – can take it’s toll on your ability to think clearly. Quiet down your mind by spending time quietly focusing on your breath or a chant of some kind. If you need an introduction to meditation, Headspace is perfect. You can learn online for just 10 minutes a day through your laptop or through an app, and you can’t beat Andy’s soothing British accent. You’ll learn plenty of ways to begin meditation and those teachings will also help you in stressful moments to breathe and just focus on your breath instead of what’s stressing you out. Plus, how many times have you not been able to fall asleep thanks to a racing mind? Meditating before going to bed helps you calm your mind and will hopefully help you fall asleep faster.

 

3: Strike a Yoga Pose

 

reduce stress - yoga

 

This is basically a combination of the first two. You’re working your body while also working to quiet your mind. And you’ll quickly learn to focus just on the positions in yoga, as otherwise you could easily lose your balance. Yoga is all about being in the moment while stretching and relaxing your body, serving to counteract that stress.

 

4: Get a Massage

 

reduce stress - massage

 

It sounds like an indulgence, but a massage is worth it to relieve stress. One note: If you’re new to massage, don’t jump into a level 3 or 4 therapeutic massage, which is when the massage therapist digs deep into your muscle tissue. You might wind up with a different form of stress from the “ouch” of worked out muscles instead of the “could almost fall asleep” relaxation from a soothing massage.

 

5: Reconnect and Laugh with Friends

 

reduce stress - laugh

 

You know that best friend from college you’ve been meaning to catch up with over dinner? Call them and make a plan to do just that. You’ll be able to revisit old memories and laugh about them (snort laughs are VERY good for the soul and to relieve stress) while also creating new fun memories.

 

6: Garden

 

reduce stress - garden

 

Digging your hands into the dirt, planting, weeding, harvesting — are all excellent ways to quiet the mind. You’re focusing on simple, methodical tasks, stretching your body and giving your mind a chance to roam. Plus, returning to nature in any form (be it a walk in the woods, sitting by a lake, or gardening) helps to soothe the soul.

 

7: Delegate

 

micro management

 

You are only human and you can’t (and shouldn’t) do everything in your company. That’s why you’ve hired employees and that’s why you should also farm out tasks to those employees. Focus on what you do the best and delegate the rest to the smart people that you hired.

 

8: Talk it Out

 

reducs stress - talk
If your stress is really getting to you, talk to a therapist. It’s okay to do so. Really. Therapists are trained to help you talk through your stressors and work with you to figure out the best way for you to deal with them.

20 Inspirational Business Quotes to Hang On Your Mirror

No matter your location or job across the world, chances are you look in a mirror every day. Many of us start each morning by taking at least a quick peek in the mirror when brushing our teeth, getting ready or washing our face before bed. Because of this, mirrors have notoriously been a popular place for individuals to post positive messages of encouragement and affirmation. Spouses often leave personal Post-It notes of love or Honey-Do lists to their partners, and personal trainers will often tell their clients to post a photo of themselves on their mirror to envision their weight loss goal.

As an entrepreneur, it is easy to feel discouraged or burned out and your mirror is a great place to post a quote that can make you feel ready to tackle the day or any tough situation. Here are some of our favorite inspirational business quotes to hang on your mirror:

“You can’t connect the dots looking forward you can only connect them looking backward. So you have to trust that the dots will somehow connect in your future. You have to trust in something: your gut, destiny, life, karma, whatever. Because believing that the dots will connect down the road will give you the confidence to follow your heart, even when it leads you off the well-worn path.” — Steve Jobs, Co-founder & former CEO of Apple


“Every risk is worth taking as long as it’s for a good cause and contributes to a good life.” — Sir Richard Branson, Founder of Virgin Group


“First they ignore you, then they laugh at you, then they fight you, then you win.” — Mahatma Gandhi, former global peace leader  


“We need to accept that we won’t always make the right decisions, that we’ll screw up royally sometimes.” — Arianna Huffington, Co-founder and Editor-in-Chief of Huffington Post


“The biggest risk is not taking any risk… in a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” — Mark Zuckerberg, Co-founder & CEO of Facebook


“Courage is the main quality of leadership, in my opinion, no matter where it is exercised. Usually it implies some risk — especially in new undertakings.” — Walt Disney, Founder of The Walt Disney Company


“It’s not how much money we make that ultimately makes us happy between 9 to 5. It’s whether our work fulfills us.” — Malcolm Gladwell, author of The Tipping Point


“Fortune does favor the bold, and you’ll never know what you’re capable of if you don’t try.” — Sheryl Sandberg, Facebook COO & author of Lean In


“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” — Colin Powell, 65th U.S. Secretary of State


“There’s an entrepreneur right now, scared to death, making excuses, saying, ‘It’s not the right time just yet.’ There’s no such thing as a good time. Get out of your garage and go take a chance, and start your business.” —  Kevin Plank, CEO of Under Armour


“It’s fine to celebrate success but it is more important to heed the lessons of failure.” — Bill Gates, Microsoft Founder


“Go build it. If you really believe in something, you should just build it. If you love it, it won’t feel like work.” —  Kevin Rose, Co-Founder of Revision3, Digg, Pownce, and Milk


“Never say never because limits, like fears, are often just illusions.” — Michael Jordan, former NBA star athlete


“The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it. We apply these skills in business, yet when it comes to ourselves, we rarely apply them.” — Denise Morrison, Campbell Soup Company CEO


“Someone is sitting in the shade today because someone planted a tree a long time ago.” — Warren Buffett, Chairman & CEO of Berkshire Hathaway


“You are not here to do what has already been done. Don’t worry about rejection!” — Jack Dorsey, Co-founder of Twitter & Square


“The universe doesn’t allow perfection.” — Stephen Hawking, Theoretical Physicist, Scientist and Author


“You are imperfect, you are wired for struggle, but you are worthy of love and belonging.” — Brené Brown, American scholar, author and public speaker


“If you don’t stand for something you will fall for anything.” — Malcolm X, human rights activist


“You have to be willing to be misunderstood if you’re going to innovate.” — Jeff Bezos, Amazon.com founder

We hope there’s at least one inspirational business quote in there that resonates with you and is worthy of reading in the morning before you start your day or as you wind down at night. Want to make your own image with the picture of the leader who said your favorite quote? AZQuotes.com has an online tool to make a cool visual quote to hang on your mirror.

How a Systems Thinking Approach Can Improve the Customer Experience

When you think about your business, do you think about it in terms of separate, discrete elements? While this is a traditional way of thinking about your business, compartmentalizing systems and processes can result in siloed operations and lack of communication – impairing your ability to create an awesome customer experience and delight the socks off of your customers.

“Systems thinking” is an approach that looks at people, processes, and technology can work together for successful outcomes – primarily a better experience for your customers. It’s a way of envisioning your business not as a collection of independent processes, but as a holistic system of interdependent processes that affect not only each other, but the system as a whole.

For instance, Apple took a systems thinking approach when it integrated iPod features into the iPhone – and we all know how incredibly successful it made their business.

How Systems Thinking Benefits Small Businesses

So, you’re not Apple…how can systems thinking benefit you?

Systems thinking can actually give you a better handle on your business as a whole, so you can anticipate how changes will impact the customer experience.

For example, say you’re considering investing in a CRM for your sales team (and if you aren’t familiar with CRM, more in this later in the post).  The traditional, siloed way of thinking would consider only the impact a CRM would make for the sales branch of your business: Joe needs a better way to track his sales pipeline and organize his contacts, notes and follow-up tasks.

But, if you used systems thinking, you might think about the investment quite differently: How will giving Joe access to a CRM database impact the rest of the team?  Are there other workflows we can streamline or consolidate if we’re investing in a new technology? Can we leverage the CRM to track interactions with our customers as well? What about the marketing process? Can Mary, our marketing assistant, access the database as well? Should we look at a CRM that also has marketing functionality so that our customers and prospects stay in one system, rather than separate tools?

Systems thinking helps you look at problems creatively – for instance, it may be possible that the root cause of a problem in one process may actually take place in a different process. As a more concrete example, say that your monthly revenue is down.  That’s a problem, for sure.  If you’re taking a siloed-approach, you might think of it as a sales problem.  But, with a systems thinking approach, you might also consider that you have a problem retaining customers – helping you fix any leaks in the entire customer lifecycle – not just on the sales side.

Systems thinking also encourages feedback, both positive and negative, from every department, helping you catch problems early, and capitalize on success. For example, say you are a consulting firm looking for new ways to increase sales.  You go outside of the “sales silo”  and meet with an account manager who has insight into what your clients need most – a 30-minute on-demand Skype consultation. You love the idea – while sales is building lucrative relationships with new clients, you can quickly increase your customer lifetime value by upselling existing customers.

With companywide feedback, your customers get the best service and your team gets the most successful outcome.

CRM and Marketing Automation Are Natural Partners in Systems Thinking

Customer relationship management (CRM) is how your company manages interactions with prospects and customers. In many cases, the contacts in your small business CRM system come from your marketing campaigns. When you have marketing automation tools that integrate with your CRM system, prioritizing clients is easier, you’re less likely to let prospects slip through the cracks, and your customers enjoy a more consistent experience – from marketing, to sales, to customer service.

Your small business CRM system, along with marketing automation tools help you adopt a systems thinking approach to marketing and sales. Information from marketing campaigns can be automatically included in your CRM, laying a foundation for a better customer experience.

Finding a Small Business CRM with the Right Features

A small business CRM can be just as powerful as what larger enterprises use. In fact, they can be even more powerful because they are simpler to implement and easier to use. And, when you choose a CRM that includes marketing automation tools, you can take a systems thinking approach to sales and marketing, streamlining your process for capturing new leads, nurturing them with compelling content, and handing them to sales as soon as they’re ready to buy.

Your small business CRM system should also help you identify customer problems and create solutions efficiently. It should help you segment your contacts by their interests so you can develop solid buyer personas and better cater to your customers’ needs. A systems thinking approach can give customers and prospects a much more personal experience with your business, building trust and rapport, and ultimately increasing sales and revenues.

Small businesses that want to understand and make the most of their customer base often invest in CRM. The right small business CRM solution can allow you to take a systems thinking approach to attracting customers and strengthening relationships with them. The end result is better control over your business and better anticipation of problems, better way to take advantage of opportunities, and an overall solid process for delivering a consistently outstanding customer experience.

3 Lead Nurturing Fails – And How to Avoid Them

A Guest Post by Adam Root, Inbound Marketing Strategist at SevenAtoms, Inc.

You already know that lead nurturing is an indispensable tool for converting leads into sales, and for retaining existing customers. It helps to keep your brand squarely in front of prospects and top-of-mind. And, because most of the process can be automated, it allows small business owners to focus on what they do best – running their business. Unfortunately, lead nurturing is something that small businesses often struggle with. Here are three common small businesses lead nurturing fails and how you can avoid them in your email marketing efforts:

1. Spamming Leads with Promotional Offers

Email is a powerful marketing tool, but it must be handled with care. It’s too easy to fall into the trap of sending out emails that sing the virtues of your offering but that don’t provide any actual value to the recipient. Emails should help educate and inform your contacts, not hammer them with a sales pitch every couple of days.

To ensure that your email isn’t too salesy, keep your content simple, to-the-point, and helpful. Also, try to keep the design of the email straightforward, as if it was sent from a real person. Refer to your email recipient by name and use your own name as the sender, in order to build a more personal relationship with them.

You can tell if you are sending spammy emails by keeping tabs on certain metrics, such as your open and unsubscribe rates. If you are seeing a dip in your open rate and an increase in your unsubscribe rate, then your content may be too promotional or not valuable enough.

 2. Failing to Segment Leads Properly

Small businesses sometimes think that segmentation is only relevant for large organizations. They are somehow under the impression that segmenting contacts only makes sense when you have giant contact lists. However, by properly segmenting leads, small businesses can get more out of their contact lists.

The easiest way to ensure that you are crafting content that is appropriate for your audience is to create buyer personas. These provide you with a clear snapshot of your ideal customer, from their behaviors and motivations to their job industries and hobbies. Developing buyer personas ensures that your email content is more targeted, and therefore more relevant, to your audience. There are plenty of resources available that can help you identify your buyer personas, but also keep in mind that you will need to refine them over time.

After you have created your buyer persona, further segment your lead nurturing campaigns by factoring in the buyer’s journey. This will allow you to craft content based on where a lead is in the marketing funnel. For example, you can provide top-of-the-funnel leads with informative content about the topic they have shown interest in. Also, you can provide bottom-of-the-funnel leads with case studies about your product or service.

Remember that the more information you flesh out about your audience, the better you’ll be able to appropriately tailor your content.

3. Sending Out Emails Too Frequently

One of the most common mistakes small businesses make is sending too many emails in a short time period. Take into account the other email campaigns you already have running, as well as the additional email volume you will be adding, and ask yourself: “Will it overwhelm the prospective customer?” In other words, if a contact already receives two to three emails per week from your business and then receives an additional two emails a week after downloading an asset from your site, they may quickly become tired of your brand.

Instead, plan out how many emails you want a prospect to receive every week and every month to help guide them down your marketing funnel. Your content should remain focused and on-point to ensure that you always have something fresh to offer readers.

Don’t be afraid of lead nurturing fails. Focus on coming from a place of informed understanding of your customers, and they’ll feel like you’re speaking directly to them – earning you their business.


About the Author

Adam Root is the inbound marketing strategist at SevenAtoms Inc. When he isn’t busy writing blogs, developing eBooks, or managing inbound campaigns, he can usually be found drinking unhealthy amounts of coffee and discussing the latest episode of Game of Thrones. Reach out to him on Twitter

How to Find a CoFounder that Will Unlock New Opportunities for Your Business

Building a business is hard no matter what, but it’s often tougher on your own. Russell Siegelman, a former Microsoft executive, and now an investor and a professor at Stanford Business School, wrote recently that he advises entrepreneurs to seriously consider having a cofounder. “In my experience,” he wrote, “entrepreneurial teams are stronger than single founders. I know some successful single founders, so it can be done, but I think the odds of success are much higher if you have a cofounder.”

Cofounders provide inspiration, emotional support, complementary skills and accountability to one another. You may have a brilliant idea but may not have the level of technical skills and expertise to build the product you envision. Or conversely, you might have deep technical or scientific expertise but your business acumen may not be as strong as it should be. That’s why a cofounder can be so powerful.

alex blumberg - matt leiber

From Lone Podcaster to Innovative Media Company: The Cofounder Impact

When NPR veteran Alex Blumberg started his podcasting company (now known as Gimlet Media) two years ago, he wasn’t having much success with investors. Although he knew how to tell a story, write, edit and make a great podcast, he hadn’t figured out how to make money and scale a business like that. Blumberg eventually chose to team up with Matt Lieber, his cofounder and president of the company, who not only had a background in public radio, but an MBA and a job as a consultant at the Boston Consulting Group.  That was exactly what Blumberg needed. Plus, the two guys really liked each other. Two years later Gimlet has six podcast shows, 50 employees and was named one of ten most innovative media companies in the world last year by Fast Company.

So, yes, cofounders are a good thing. But to find a cofounder that is the right fit for you and your business can take a bit of work.

When is the Right Time to Bring a Cofounder into the Fold?

A cofounder can be brought into a company before or after it launches, which means whether you’ve got a startup or a small business it’s never too late to build a great founding team. More important than timing is understanding what skills and skillsets are most needed for your business to be successful. Look at your own skills—what do you bring to the table? And what’s missing from that table? The skills that are outside of your own expertise and experience should be what a cofounder brings to the mix. Ideally, that person can fill any gaps on your management team. For example, you may be an engineer and have a great CFO, but really need someone who has experience leading operations. When you think about your ideal cofounder, all of those considerations should factor in.

Taking Culture into Consideration

It’s tempting to look at potential cofounders that are a lot like you, believing you’ll get along better and be in agreement more often, but that’s not necessarily better for your business. A good management team is well-rounded, and that means it encompasses a wide range of skills, perspectives and personality types. Your cofounder doesn’t need to be just like you, but he or she does need to complement your personality and your vision for your company’s culture, as well as your skills.  Nearly a quarter of startups fail because they have the wrong team, according to a post-mortem survey of more than 100 startups last year by CB Insights.

reasons-cofounders-fail

Know Who You’re Looking For? Here’s How to Find Them.

Once you define the profile of the ideal cofounder, you have to find him or her (and be realistic about your ideal….). You could start attending startup and small business networking events and meetups, which is the first thing most business owners think of when trying to locate potential cofounders. That’s important, but it can’t be your only strategy, because a good deal of those attending these kinds of events are also looking for cofounders and strategic partners.

In addition to attending networking events, use your own network to find potential cofounders. Start putting feelers out in the world by talking about your cofounder search with friends, family, colleagues—anyone who might know someone that would be a good fit. Sift through your connections on LinkedIn for people who would be good candidates, or who may know someone who could be a good candidate.  Attend local entrepreneurship events at universities, coworking spaces, coffee shops and hit up your own college alumni or business school network for referrals.

Once you’ve found someone or several people that might fit the bill, narrow down the options by looking for those with a vision for the company that matches your own, with a personality that you can work well with.

Perhaps most importantly, trust yourself. Intuition can be a powerful screening tool—if someone looks great on paper but there’s something about them you don’t trust or that just doesn’t sit well with you, don’t enter into a long-term business partnership with them. You and your cofounder are—hopefully—going to be working together for the long term so if something feels off, something probably is off. But if it feels right, chances are you’ve found your cofounder.

9.5 Gifts to Avoid (at all costs) This Father’s Day

Millions of dads everywhere will be celebrating their special day Sunday, chillin, barbequing, and opening their gifts. Father’s Day is a time to let the dad in your life know just how much he means to you.

But – one of the toughest parts of Dad’s day is figuring out exactly what to get him.

So if you love your dad and want to stay in his good graces, you may want to avoid the urge to buy these 9.5 well-intentioned, yet still awful, Father’s Day gifts:

1: DIY Coupons – Redeemable Anytime

Giving the gift of time…generous, no? Unfortunately, giving dad handwritten offers to mow his lawn or to take him to lunch comes off as a last-minute gift idea.  Might as well just give him an “I-O-U.”
dad coupon

Like most dads who love their kids, I appreciate the talented artwork and the fact that every dad should be rockin the Abe Lincoln Hat, but shouldn’t kids give their father’s hugs anyway?  Instead of a coupon book that never gets redeemed, spend quality time with your dad on Father’s Day doing something together that you have in common. Take him to his favorite lunch spot or go to a baseball game together. Just stay away from the fridge art and coupon books.

2: Anti-Fart Underwear

I am not sure why, but we all tend to get our dads gifts that we think solve a problem in their lives. Like nose trimmers, the always helpful tie-rack, or even the latest gadget, like the Fitbit. So if your dad is a little gassy from time to time, you may be inclined to give him a pair of anti-flatulence underwear. If you have watched the show Shark Tank then you know they really do exist.

But, before you spring for a few pairs, ask yourself what’s better: A Farting Dad or knowing that he is sporting underwear with a charcoal insert:
anti-fart underwear

 

3: Things that Say He’s One in a Million (but really mean that he’s one of a million)

 

There is always a desire to get dad a gift that tells him he is the greatest. But actually getting him a mug or shirt that millions of other dads are wearing kind of loses its luster.

 

worlds greatest dad

 

Don’t agree? Then be sure to ask for “The World’s Greatest Kid” mug or shirt for your birthday this year.

4: Hair Visor

Why not get the “World’s Greatest Dad” a thoughtful gift that reminds him that he is bald and looks like someone glued a patch of shag carpet on top of a visor?  I know what you are thinking: The hair visor is a nifty way to block out the sun and look stylish at the same time. Don’t do it.

dad hair visor

 

5: Gag Gifts

Who doesn’t just love a fun novelty gift? Dads that’s who. That means stay away from temporarily humorous – yet useless – gag gifts, like the potty putter:

dad potty putter

Or the runny nose bathroom dispenser:
dad snot sopa

If you want to buy a gag gift save it for your next bachelor party. Try to restrain yourself on Father’s Day (unless you look forward to disposing of said gag-gift in 20 years when your parents decide to downsize from their family home to a condo in Florida).

6: Privacy Hoodie

Every dad loves and needs some alone time. But it’s going a little too far when you get him a human sock for his computer:

 

dad - privacy sweater

 

So if you are determined to get this must-have gift, at least buy this one, it comes in a hoodie version:
dad privacy hoodie

7: Man Purse, a.k.a Murse

Jerry Seinfeld tried to make the man purse in vogue, and Zach Galifianakis attempted to bring them mainstream in “The Hangover,” but for good reasons it never caught on. Even though your dad may have a lot to carry around with him,remember you are buying a gift for your father – not Indiana Jones.

 

Man Purse gif

 

8: Lawn Tools

Forget about the wheelbarrows and the weedwacker. If your dad loves the outdoors, don’t give him a gift that makes him work. Give him one that creates a memory such as an interactive experience like extreme sandbox:
dad extreme sandbox

Extreme Sandbox is Tonka Toys for Big boys. They let customers play on construction equipment including bulldozers and 26-ton excavators. So instead of digging a hole with a Home Depot shovel, both you and Dad can jump into some really cool machinery and dig some holes or even crush a few cars. Now that’s a memorable gift.

 

9: Goofy Ties

Most dads don’t need another tie, much less one that screams my kids think I am a dork. Dads feel the pressure to wear their gifts no matter how goofy they might be:

 

dad tie

 

So the next time you are thinking about getting dadio a Superman tie or custom tie with your name on it, think twice. If you want your dad to actually wear your gift in public, checkout places like Bomfell. Hip clothes picked out by a designer, sent right to his door:
dad clothes

Bonus: Sandal Socks

Socks in general are a lame gift. It’s worse that some dads believe that sandals and socks should be worn together. Put them together and you have, sock sandals – the ultimate gift for helping your dad tell the world I have no clue how to dress myself.  Just because you can wear something doesn’t mean you – or your dad – should.

 

dad sandle socks

Getting a great gift for Dad isn’t about gimmicks, free coupon books, or helping your dad accumulate treasures to help stock his next garage sale.  Gift-giving on Father’s Day is about truly knowing him and what he loves to do. Stay away from these 9.5 awful gifts and you’ll avoid the Father’s Day disappointment this year.

No Helpdesk? Digital Dragonfly Shares Small Business Tech Insights

francesca geensFrancesca Geens is a small business tech and productivity strategist at Digital Dragonfly, where she works with solo business owners to make sure they have the right tech, tools and systems in place to run their businesses. She recently answered a few questions about how small business owners can use technology more effectively to run their ventures. Here’s what she had to say:

Tell us about Digital Dragonfly? What inspired you to start your business?

Digital Dragonfly is a technology and productivity consultancy that I set up nearly six years ago. There are ever growing numbers of people setting up their own businesses – they work from home offices or are very mobile and though they might be independent, they need to be as professional as any bigger business. Many will have left corporate life and so were used to good tech and a helpdesk. I become their tech go-to person and will work with them to make sure they have everything in place to be productive from a tech point of view. This covers everything from the essentials like good hardware, backup, email and structures to productivity hacks and tools to make for efficient working. I love untangling and simplifying and we make sure clients are setup in the simplest and most appropriate way for them and their business.

What are the most common technological needs or headaches your clients come to you with?

A big one is email. Both inbox management but also making sure that they have a reliable setup that syncs across devices. It’s amazing how many people still struggle accessing key business data on the go – whether it’s email or calendar and contacts. This is often a big muddle with data scattered and people not trusting their systems so having to duplicate. We love tidying up email, calendar and contact data and getting it into the cloud so that clients can work seamlessly across devices.

What areas of IT do you find small business owners overlook the most?

Unfortunately, it still has to be backup. There is so much confusion around this area and misunderstandings as to what they are currently using that most people are at risk of losing important data should they have massive hardware failure or lose a device.

What do you think are the most important tech tools business owners should use?

I am a big fan of the cloud and run the whole of Digital Dragonfly in cloud-based tools. So I think all business owners should make the most of cloud services for everything from email to backup to documents and key data and workflows. Not only does this give you the ability to easily work across devices but you can also share with a team and be sure you have peace of mind that your data is backed up.

What considerations should small business owners make when shopping for IT products?

That’s a good question and very often people don’t know how to go about choosing a new tool or online service. It’s important to look at pricing and how this is tiered, how you get your data in and out (the latter is especially important with tools like CRM), what security and backup measures are in place and always, always test the support. It’s really important to know how responsive and helpful a provider will be when you have questions or something goes wrong.

What technology trends or innovations are you most excited about for how they can help small business owners?

What’s really cool is that all tech companies seem to be offering the option to integrate their tools with others. So we have an amazing opportunity to automate and move data around seamlessly. Small business owners can create powerful workflows with just a few simple clicks.

How should small business owners be approaching digital marketing today? What tools should they make sure to use?

This should be a really fun area for small business owners but I often see people really stuck when it comes to digital marketing. There are so many tools out there it can be hard to choose. I always say start simple so that you build clarity on what you really want to do and they go from there. You don’t want to commit to something big and complicated from day one. At it’s most basic you are looking at a way to track prospects, build a list and engage with your audience. So I would say most people need a newsletter list management tool from day one and a way to capture leads and feed into this.

I’m sure I’ve read many times that you can’t start building your list early enough. You also need some sort of CRM to keep a track of your pipeline and clients. Choosing a CRM can be hard so I normally suggest starting with a spreadsheet to give clarity as to exactly what is important to your business and this will make it easier to match you up with the right tools.

What advice do you find yourself repeating to clients over and over again?

Make sure you backup!


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