Monday, July 30, 2012

Let's Bring Back Accountability

From customers' and suppliers' viewpoint, Company X is fast growing, exciting, and high-energy. Inside, though, it's a tornado. Fighting fires, arguing over who committed to what, why it didn't happen, and noticing things that fell through the cracks in just enough time is normal.

How can this happen when they have weekly meetings, keep track of action items, and post projects and timeline's everywhere? Easily! There is no accountability. They don't hold each other accountable for commitments. They've seen what happens when you fail, and it isn't pretty, which undermines individual commitment. Requester's frequently change their minds, reprioritize, or create new, more urgent projects without ever really closing the loop on the old ones.

The Bell Labs culture I grew up in had a strong sense of accountability. When you're working on things that literally change the world, it's easy to be committed to something bigger than yourself. The "Labs" culture meant failure was a viable option. Success was discovery and application, not climbing a corporate ladder. At BofA, the culture was the opposite. While I was privileged to have great management, the majority of BofA focused on the bottom line. Failure was not an option. When I left BofA and started consulting and working with many companies, I realized this culture was more the norm, not Bell Labs. That's why I believe culture creates (at least?) two reasons for people's struggle with accountability.

First is the fear of failure. Even before kindergarten, we're taught failure is bad. What if we can't do it or do it right or something goes wrong? So, we whittle down the scope, involve others so blame can be shared, make resource requests we know won't fly, or let our fear hold us back from really creative solutions.

Since "failure is not an option" is still the method of operation in most organizations and the odds of success are never certain, accepting accountability can be very risky. What if I can't deliver? What if the people I need to work with won't make the time or collaborate? What if factors I can't control impede or inhibit success? Will I get a poor performance appraisal? Will I lose prestige, status, or my promotion? If there is a downturn, am I going to get cut? Unfortunately, these are natural, normal responses to accountability.

Accountability means putting our word and reputation on the line. Someone is counting on us — and we should care that someone is counting on us. If failure's not an option, that can feel like too much of responsibility — or a liability — to take on.

The second problem is a lack of commitment on either or both sides. Either we don't believe the request is important enough to make us change our priorities, or we don't trust the "asker" to keep his end of the commitment. If the requester keeps changing his mind, his priorities or timelines, then it's tough to accept accountability for the outcome. Trade-offs have to be made which means sacrifice — of time, priorities, perhaps things we are passionate about. Accountability works both ways, and if one party isn't really committed, it can undermine the entire project.

Realities of 21st century business make accountability even more daunting. In the "old" days, a commitment's path to success was fairly clear, linear, defined and prescriptive: follow this framework or process, and you'll get there. Today, the path is usually messy, ambiguous, paradoxical, and maybe unknown. We may need to create our own frameworks and processes. It's a discovery, not a prescriptive process, with many ways to get where we're going, not "a" way to succeed. Success itself has changed; it used to be via a tangible output, a new product or service, a "thing" based more on what was probable than possible. Success today can be both tangible and intangible, like new learning's, viewpoints, networks, or opportunities, where we look for what is not just probable, but possible.

So, how do we help our cultures, ourselves, our people overcome the fear of failure and commit in a uncertain world? I have a few suggestions based on my experience in both accountable, and unaccountable, company cultures:

  • Communicate100. Communicate why the request is important to the organization, to both of you, and how it's fulfillment will make a difference. What may seem trivial to us may be profound to someone else. To commit, we need to believe in something bigger than just ourselves or the organization, such as the mission and purpose of the organization. That is how we start changing behavior and making new habits.

  • Make sure that you're present to support the request and remove or mitigate obstacles. Meet regularly to identify potential challenges and opportunities before they become a major problem.

  • Re-prioritize responsibilities and tasks to allow the person or team to complete the request. Don't just add on. Not everything is urgent and important. Seriously, show your commitment to the request you've made. If it's not worth re-prioritizing, then it isn't worth asking.

  • Create ways to eliminate or minimize the stigma of failure. Focus on what's been learned and how that applies, watch how you react to and treat the person, how you discuss it with others affected by the result and how you let it impact that person's future success in the organization. Even if you can't change the organization's performance management process, your own personal demeanor and handling has an enormous impact.

I've also started to experiment with using the classic virtues to help improve accountability, but don't have enough data' to posit it as a suggestion above yet (though it can't hurt).

Accountability is important on so many levels — professionally and personally. Let's create the environment where it's easier to have it be the norm than not.


Abdi Aslani
ARA Business Solutions
President

Thursday, April 12, 2012

10 Mistakes that cost you sales Leads at Networking Events

Who else has gone to a networking event and felt like it was a complete waste of time?

You have to drive at least a half hour to the event, stay for two hours, and then drive another half hour back to the office.

And that’s when it hits you.

As your looking over the stack of business cards you’ve accumulated, you realize that you didn’t get a single lead.

Three hours is an awful long time to waste for a watered down cup of coffee and a stale bagel.

Below is a list of ten networking mistakes that CEO’s and entrepreneurs regularly make that hold them back from generating sales leads.

You Attend the Wrong Event

For Example; if you are running a marketing agency, and you attended an event hosted by the American Marketing Association on how to use social media.
Surely, you would be able to make real solid connections that would eventually turn into sales.

You couldn’t be more wrong. Probably out of 50 attendees at the event, 45 of them are marketing consultants and agencies.

As it turns out, your customers, are CEO’s of tech companies, that do not attend networking events hosted by the American Marketing Association, no matter how much a social media seminar would have benefited them.

Your customers attend events in their own industry, not yours. If you want to get sales leads at a networking event, the first step is to go where your ideal customers will be.

You don’t do Your Homework

Before you attend your next networking event, try to find out who will be attending. Most of the time, you can call or email the host of the event and they will forward you a list of the companies who will be will be in attendance.

From that list, find four or five companies who can benefit from your product or services, and do a bit of background research on them.

For instance:
  • Who are their customers?
  • Have they been in the news?
  • What do they do?
  • What makes the company special?
This will go a long way to building a lasting relationship with a prospect.

Have a Bad Elevator Pitch

Usually, the first thing that someone will ask you after they’ve read your name tag is: “What does your company do?”

This is your best chance to make a great impression, and 99% of people blow it.

They usually respond with something like: “We are an outsourced IT company”, or “We do book keeping services for small businesses.”

Instead, frame your response in a way that tells the person what they want to hear.

For instance, when a CEO of a construction company asked me what I did, I responded with:

“I run a company that works with construction companies who want to take their business to the next level, increase their revenue and reduce risk and expense.”

This response is infinitely more interesting than “I am a Business coach ” because not every CEO really wants to hire a business consultant. But every CEO wants increase revenue.

Determine what your customers want, then make that your elevator pitch.

You don’t Rehearse Your Elevator Pitch

The “content” of your elevator pitch is only half the battle. In order for it to have the maximum effect, you need to perfect the delivery.

It should sound natural and confident and not like something that you dreamed up the way over.

When it appears like you have to think about what you say, your prospect will notice. And the moment your prospect notices your uncertainty, you’ve lost the sale.

You Try to Meet Every One

You know that guy.

The one who runs from one person to the next, trying to sell his products or services to anyone who will give him the time of day.

From the second he opens his mouth, the only thing he cares about is what you can do for him. And once he realizes that he can’t make a buck off of you, he abruptly leaves the conversation.
Don’t be that guy.

If you’ve done your homework, you will know exactly who you want to spend your time with. Plant the seeds for a long relationship with those people.

You aren’t Helpful

When someone asks what you do, then give them your elevator pitch.

However, if you really want to endear yourself with someone, then talk about their business.

When you approach the prospect mention something specific about his business:

For instance: “Hey Bob, I saw that you were in the news for a new project you are working on. How is that going?”

People love to talk about themselves, so let them.

Your next question to them is going to be:

“Have you guys thought about doing (Insert an intelligent suggestion here).”

Since you’ve come to the networking event prepared, you will already have this suggestion at the ready. Being this helpful will impress the hell out of the prospect and help you close a sale.

You Ignore the Host/Event Planner

Outside of being polite, there are two reasons why you should network with the host or the event planner.
  1. You gain instant credibility when the host introduces you to another member of the group.
  2. The host is usually the person who decides who speaks at the event.
When you speak at networking events and seminars you build enormous credibility. If you speak at the event regularly, your prospects will come to you asking if they can hire you.

You Don’t Have an Information Packed Handout

If you’ve been speaking to the right person, been as helpful as possible, and nailed your elevator pitch, then there is a good chance that you have just acquired a highly qualified sales lead.

You won’t have the time to go over the specifics of your products and services.


For instance, your handout might be a folder that contains:
  • Case studies
  • A complete list of products or services
  • A pamphlet that helps them achieve their goals. We had a pamphlet called: “10 Items that Your Website Must Contain in order to Maximize Conversions”
  • Business card
This is an inexpensive way to make the prospect remember you.

Show up inconsistently

In order to maximize your ability to network, you have to show up to the event consistently and not just when you need to drum up business.

Many of the relationships and deals that you covet are going to take time to come to fruition. Just remember to be patient, be helpful, and occasionally remind the prospect how your business can help them.

You Dress Inappropriately

Most events are business casual, but for some reason, there is always a person who wears a three piece suit, and another person who wears shorts and sandals.

If you aren’t 100% sure what the dress code is, make sure you ask the host or the event planner what the dress code is.

The Bottom Line

If networking were easy, then everyone would be walk out of every seminar and event they attend with more sales leads than they know what to do with.

But you and I both know that’s not the case.

Becoming a great networker is like everything else. You have to work at it.

If you willing to do that, then you will have a steady stream of clients and customers beating down your door to do business with you.

To get started on the right track, I want you to do four things for me right now:
  1. Find at least one event this month where your ideal customers will be.
  2. Email the host and ask if he will send over a list of the companies who will be in attendance.
  3. Create a compelling elevator pitch.
  4. Build an information packed handout that you can leave with your ideal prospect.
That’s it. Four simple tasks that should take you about an hour to complete, but will have a tremendous impact on your business.

So, what are you waiting for?

There is a sea of customers waiting to network with you.

Abdi Aslani
ARA Business Solutions Inc
President

Wednesday, March 28, 2012

Your Business Can Be More Than Just a Job



Did you fantasize about the lifestyle you would have as an
entrepreneur? Surprised it hasn't turned out that way? It's not too late to turn things around.














Did you start your own business to have the freedom of being your own boss? Maybe you wanted to provide jobs for others. Did you fantasize about the lifestyle you would have as an entrepreneur?

And what has happened since? Maybe you provide a good living for yourself and your employees, but you work harder and longer than in any job you’ve ever had. Perhaps you feel trapped under the weight of being a “business owner.”

You don’t have to feel that way. You can provide money for yourself, jobs for others, and still have the freedom you hoped for. You just need to know how.

How do you turn your small business into more than just a job?

First, go to work on your business rather than in it.

Think of your business as something apart from yourself, as a world of its own, as a product of your efforts, as a machine designed to fulfill a very specific need, as a mechanism for giving you more life, as a system of interconnecting parts, as something created to satisfy your consumers’ needs, as a solution to somebody else’s problem.

Then ask yourself the following questions:
  1. How can I get my business to work, but without me?
  2. How can I get my people to work, but without my constant interference?
  3. How can I systematize my business in such a way that it could be replicated 5,000 times, so the 5,000th unit would run as smoothly as the first?
  4. How can I own my business, and still be free of it?
  5. How can I spend my time doing the work I love to do rather than the work I have to do?
If you ask yourself these questions, you’ll eventually come face-to-face with the real problem: that you don’t know the answers!

Until you change your perspective about what a business is and how one works, you will never have the answers. The most successful small businesses are built on a repeatable system that others can easily follow. A turn-key system.

The best way to systematize your business is to first do each job yourself. Find the best or preferred way to do each task, and create a system for doing it that way that is easy to follow. Repeat this process for every function of your business until every part is systematized.

Then create a succinct operations manual that is detailed and easy to understand. The goal is that any new person can step into your company, and be up-to-speed very quickly after reading this operations manual.

Once you have your business systematized, you should be able to step back and let your company function the way it is supposed to. Your job, as the business owner, will be to watch it grow.


Abdi Aslani
ARA Business Solutions Inc
President

Monday, February 20, 2012

10 Internet Marketing Strategies to Start Today

So, you want to understand Internet Marketing or you want to improve upon your marketing right now and you have no idea of what you should be focusing on. Well, there is about thousands of other people that think the same way right now and have no idea where to begin.

There are times you might get caught up in the flashy squeeze pages that promise you over – night traffic or instant cash for your business. Where in reality you never got any traffic and now you have spent more money on non- profitable products that just sit on your desktop screen staring at you.

But, there is always hope to enhance and build a solid strategy for your marketing online.

You will always hear some expert that states that they have the secret to success but they sometimes just have a product that makes no sense and you won’t understand. What I have collected is a series of tasks and strategies that you should just understand follow through each day to have success with your Internet Marketing.

1. Review Sales Copy

Please look over the different ads and email templates that you put together. Just having a basic three layout design for your ad copy can make you the money that you want.

2. Outsource Day to Day Tasks

If you are working a 9-5 or you just don’t want to do tasks outsource them. Either use Odesk.com or Elance.com Also, I have hired on college students in there last year as well to offer them a job. They work for a less price and you can get more work done.

3. Running multiple Facebook Ads

To get the responsive traffic you would like do not just run one ad run multiple ads (3 to 4) to see which ones work compared to ones that don’t. Just running one won’t give you the ability to test them properly.

4. Build Incoming Back links Not External

To get organic traffic you want to build more internal links than external. You want to have sites linking to you more than you are linking to others.

5. Build A Responsive Email List

Always test your list to make sure that people are opening and clicking on your links. If they are not send out an email and if they don’t respond clean them out.

6. Understand Your Niche

If you are new to a new niche or want to become a master within your niche then study other successful sites. Take one hour a day to learn something new and write about it.

7. Analyze Competition

Go to alexa.com and look at your competitions traffic and ranking. Understand what is making them grow along with what is making them fail and capitalize on it.

8. Good Tracking System

Track your social media success. Use Hootsuite Pro to track your clicks per tweet, likes via your fanpage as well. When you understand where your traffic is coming from you can increase your marketing efforts and grow faster.

9. Understand Operations

You are going to want to know how much it is going to cost you to be an affiliate of a product. So, set aside a budget each month for Ads, SEO, search engine marketing, and outsourcing.

10. Understand Your Time

Build a schedule for yourself that you follow each day so that you are not at the computer just being busy and not productive. Start at working 2 hours per day of productivity and track your results then enhance your time every other week.

Understanding how to make a set strategy for Internet Marketing is one of the most crucial methods for being successful online. Becoming successful online is not hard you just have to be consistent and set yourself up with a set schedule each day on focusing on Internet Marketing. Test every thing that you are doing and track your results along the way to make it easier on yourself.

Abdi Aslani
ARA Business Solutions Inc
President

Monday, February 13, 2012

What’s In A Business Name? 20 Considerations For Getting It Right

So, you’ve taken the plunge and decided to go into business? You’ve got great ideas, started to put the plans together and possibly even spotted a premises you’d like to trade from. But have you thought about the business name, really thought about it?

Registering your business, be it as a sole trader, partnership or limited company is a standard process once you’ve chosen the right name but often people don’t give sufficient thought to what they’re going to trade as. Even if your intention is to operate only as local business, if you pay due consideration to the many factors that can impact on a business name at this stage, you are leaving yourself available to opportunities at a later date.

Here’s a guide to 20 factors you should take into account when choosing your business name;

  1. List your choice of names and possible alternatives – talk to family/friends/associates and ask for feedback.
  2. Does the business name describe what you do or is there room for ambiguity?
  3. If you wanted to expand at a later date, does the name lend itself to this?
  4. Is it snappy or memorable – short is best, but if you really need a long business name ensure it’s one that your potential customers can’t easily forget.
  5. If your choice is for a personal name research thoroughly – unusual names can cause confusion whereas popular names can be overused so you may find yourself competing for visibility even amongst businesses who are not in the same industry. The exception to using personal names is where you’ve developed a reputation in your field – if you’ve already begun the process of developing your brand, work with it.
  6. Be wary of double consonants or double vowels, particularly when one word ends with the same letter as the next commences – people regularly miss one of these letters when online.
  7. Be wary of geography – including your region in the business name will be restrictive and can create difficulties when growing your business. This would particularly apply if you opt for a town or region within a country as you are potentially excluding anybody outside of your immediate catchment area by name alone.
  8. Translate the business name into any languages that are likely to apply in regions you will be trading in – many international brands have been caught out when the name either cannot be pronounced, or worse has a meaning in another tongue that is totally different or even offensive!
  9. Check if the business name is available – also check similar names and alternate spellings of any of the words used.
  10. Take advice on intellectual property – finding a readily available name that sounds similar to a major brand might well seem clever but could cost you dearly if there’s a copyright or trademark you hadn’t considered. And it’s your responsibility to check!
  11. Google it – even if the name is available locally in your region, it may be used in your area by a company trading from overseas so you’ll be fighting for visibility from the start.
  12. Use the google keyword tool to see what people are actually looking at in your niche – this may also pinpoint any weaknesses in your choice of name such as common spelling errors.
  13. Is the domain available – check further that the local options, especially if your business lends itself to expansion into overseas markets and consider purchasing them even if they don’t feature in the initial plans.
  14. As you’re securing the domain, consider the likely social media platforms you may use – is your name available there? If it is, secure those names also.
  15. If you can include a popular keyword in the business name and domain, this will impact positively on your visibility in search engines.
  16. If your choice of name includes a word such as “and”, opt for the word as opposed to the “&” symbol when purchasing a domain.
  17. Count the characters – Google Adwords permits 25 characters so a business name longer than this means having to abbreviate the name if you advertise there. Even if you don’t plan to advertise here initially, allow for it as it tends to be one of the most cost effective ways of advertising.
  18. Start looking at logos – avail of the many free software options on the web and see how your business name and logo might look in both a horizontal and square setting as many online platforms accept only a square version of a business logo. Your logo should be unique so imitating an established brands logo should be avoided at all costs. Remember, you don’t have to opt for a symbol either, monograms are very popular and look good too.
  19. Practice saying the name out loud and on the phone – you’re going to use this name a lot, ensure it’s not long-winded and that you don’t start to abbreviate it from the get-go.
  20. Consider your personal brand – you will be the face of the brand, particularly at the start-up stage so it must fit whether you’ve opted for a quirky, creative or professional business name.
Once you’re trading your business will evolve and areas such as your branding will evolve over time, but updating a logo is a lot less tricky than updating a name so regardless of your industry and whether you’re trading offline, online or in multiple markets, if you take the time to come up with the right business name to start with you’ll reap the dividends over the years.

Abdi Aslani
President
ARA Business Solutions Inc

Thursday, January 26, 2012

The 6 Biggest Reasons Businesses Fail!!

Can you set out to fail? Yes, in fact, you can . Learning how to overcome obstacles and setbacks is incredibly important. At the same time, outright failure can also be incredibly painful, both financially and emotionally. Failure is awful.

That's why no one sets out to fail… unless, that is, they do one or more of the following:

1. Assume that simply because it’s yours your business will be different. There's probably a building in your town that has been the home of three or four different restaurants in the just past few years. Entrepreneur after entrepreneur dives in—and fails. Each assumes somehow his restaurant will be different while ignoring fundamental issues like location, parking,traffic, and market demographics.

Assuming your venture will be different just because it's yours is a recipe for disaster. If others have failed, understand why they failed and then determine the steps you can take to make sure you succeed.

Most businesses follow a typical path, so under similar conditions your results will not be significantly different unless you are willing to do things differently than the typical entrepreneur.

2. Confuse advice with wisdom. Say you have an idea and you ask a friend for what he thinks. His immediate response is, "No way. I wouldn't do that,” and you immediately get discouraged.

Don't be discouraged, because you haven't learned anything yet. (Except maybe you need a more tactful friend.)

Instead, keep asking questions. If you want to open a restaurant and your friend says your capital estimates are too high, ask why. Ask how he arrived at his estimate. Dig into the detail. Keep asking follow-up questions.

Eventually you’ll learn one of two things: Your friend doesn't have a clue about the restaurant business and you can ignore his advice, or you should use his insight into start-up costs and financing requirements to help refine your business plan.

Never ask for advice unless you're willing to ask plenty of questions to uncover the reasoning—and the value of the reasoning—behind that advice.

3. Decide ease of entry signals great opportunity. Some businesses are easy to start. For example, anyone can build an e-commerce website and sell products that others fulfill. In its simplest form, e-commerce is really easy to do… and really hard to make money doing.

The only time a business that is easy to enter will generate a significant return is during the early stages of an emerging industry. Excess profit breeds ruinous competition, and so does easy entry.

The hard path is generally the best path if only because very few people will compete with you for space on the hard path—and when your business takes off, few competitors will be tempted to join you on that path.

4. Assume contrary is a strategy. Every trend starts with entrepreneurs who go against the grain. Dell ignored in-store retail when computer stores were sprouting like weeds. FedEx introduced speed when no one wanted speed. Auction sites like eBay decided buyers would be willing to buy items they hadn’t seen or touched.

Each went contrary. Each also had a plan.

Think you can open a successful downtown furniture store even though the struggling local economy and steadily decreasing foot traffic has put a number of retailers out of business? You can, but only if you have a solid plan.

Taking a contrarian position is a great way to seize opportunities others ignore or miss, but only when you also have a plan to make those opportunities pay off.

5. Go James Bond. Occasionally people say, "I've got a great idea. I can't tell you about it right now, but just wait. My business will be awesome."

Why the cloak and dagger secrecy? They're afraid someone will steal their idea, but ideas are a dime a dozen. Implementation is everything.

Most people keep their ideas a secret because they don't want to hear conflicting opinions. Conflicting opinions spoil the dream. If your ideas can't survive scrutiny and criticism, they aren't great ideas. Talk about your ideas as often as you can. Drive your friends crazy.

At the very least you'll get helpful input. Best case you might even find a partner.

6. Let ego be your guide. A friend of mine freely admits he wanted to open a restaurant because he loved the idea of playing the big man as he walked from table to table chatting up guests. He didn't love the idea of cooking, cleaning, or hiring and firing. Another friend opened a winery because, well, he thought owning a winery sounded pretty sweet.

Many people start businesses with their ego as the primary driver. Sitting at the bar surveying your domain or strolling the vineyard on a cool fall evening quickly becomes meaningless when you don't enjoy the fundamental tasks and responsibilities of your business.

If you really need an ego boost, don’t worry. You’ll get a huge one after your business is a success.


Abdi Aslani
President
ARA Business Solutions Inc

Tuesday, January 3, 2012

Goal Setting in the New Year for your Business.

The new year is a popular time to think up new goals to achieve in the coming year. If you can picture the Business you wan to lead, you can achieve it through realistic, measurable goals.

Set Achievable Goals
The Key attaining your dreams is simple: set S.M.A.R.T. short,mid-and long-term goals.Short-term goals are tasks that are achievable within a brief amount of time, such as the next two weeks. Often,these goals are smaller pieces of a larger mid- or long-term goals. Mid term goals are attainable within a few months, while long term goals are bigger,more challenging goals that can take time to complete. for example, if your long term goal is to open another location, a short term goal may be to into increase your monthly revenue, while your mid term goal is to grow your annual profit.

SMART GOAL SETTING:

S.   Specific & written
M.  Measurable in progress & completion
A.  Achievable Outcome
R.  Realistic in Time and Skill
T.  Time Based Achievement

Overcome Common Challenges of Goal Setting
Goal Setting can be intimidating process and there are many reasons that people avoid it. To help you achieve your aspirations, avoid these common pitfalls:

Challenge: Setting Impractical goals
Solutions: Often, people set goals that may be unrealistic to achieve right now. However, That's not to say the goal wouldn't be viable after some time and/or accountability. Break large goals into smaller, measurable short-and mid-term goals.

Challenge: Completing the Goal
Solution: Goals often get overshadowed by everyday life events, so it is important to have an accountability partner and/or Business Coach that will keep you on track and focused on goal in hand.

Challenge: Not having a Plan
Solutions: A major part of goal setting is creating a plan of action to complete the task. To improve the chances of reaching the goal, Have a plan with deadlines and stick to eat. Deadlines hold you accountable to your goal and help you track your progress.

Remember having no goals or plan, you are really planing to fail.

Abdi Aslani
President
ARA Business Solutions Inc