New Year, New Rules: Make the Choice for Love

by Marita Greenidge

Last year December I made a very big decision; I resigned from the executive management team of the venture capital fund I was working with and I removed myself from the management team of a sales company I had recently started.

Why did I make these decisions?

I wanted to focus my energy on a lost dream, a dream that was slowly dying as I begun to live the dreams of others. I’ve long known I hated accounting and finance but there I was assisting with the management of a VC fund. I’ve long known I hated sales but there I was starting a sales company. In working on these two ventures I had little time left for the one thing I really loved and was most passionate about – marketing.  It was beginning to take a toll on my happiness. I returned to Barbados to start and build an amazing marketing firm but here I was doing everything but. I decided it was time to give my marketing company a fair shot.

To help you understand how much I had lost focus, my marketing company had no business plan and therefore no marketing plan. I was not actively seeking clients and even when some potential clients approached me, I turned them down because I had no time or additional resources to dedicate to their projects. I had become an oddity of sorts; a business with one major client. I was like an employee! Could I really call myself an entrepreneur when I was completely dependent on one client and in no way seeking to expand my business? Furthermore, I started my sales company to offer a centralized sales resource to this client.

Slowly I was becoming more immersed in someone else’s dream and losing my own. The truth really hit home one day when someone asked, “So how did you go about marketing your company?” I didn’t have a response because I hadn’t done anything.

I’m not fond of making New Year’s resolutions; I believe you don’t need a new year to make a big change; you just change. But I decided that 2011 was going to be a different year, it was going to be the year I focused on doing the things I was most passionate about. Since making that declaration last year, I worked on my business plan and am now actively marketing my company. I’m beginning to see the returns as well and I am a lot happier. I am also in a better position to provide a much better marketing service to the venture capital fund.

When you are not doing the things you love, it can sap a lot of your energy and slowly change your outlook on life. I hope this year you are doing work you love.

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Resolution 4: Pertinent Products

by Kristin Boyd

Business owners should always know how their customers are feeling about their products.  How satisfied are your customers with your product  portfolio?  Have you solicited feedback from your regular customers to see what they think of your products?  If not, it’s time to start getting feedback on a regular basis, so that you understand how you can add more value through the products and services that you offer. If your not sure how to start, some potential questions you can ask are here.  Keep in mind that it is usually difficult to get customers to do surveys, so you might need to offer an incentive, or asking some of the key questions as you’re working with the customer might be another way to get information.

Next, have you kept up to date on your market/industry?  If not, 2011 is the year to get up-to-date, and stay, up-to-date on your market.  You can do this easily by subscribing to an industry publication, joining and becoming active in a professional organization, and developing a network of other individuals in your same industry.  Make sure you know what direction the industry is headed, know where you’d like to fall along the development curve and be prepared to keep your business changing as the industry evolves.

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WEB@Simon in Rochester Woman Magazine!

Check out WEB@Simon in the February edition of Rochester Woman Magazine!

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Book Review: The Happiness Advantage

by Lauren Dixon

There is nothing like a good book to spark a new way of thinking or creative idea!

While there is rarely a shortage of business books reflecting trends, key learnings, and perspectives on research, I discovered a book by Shawn Achor called The Happiness Advantage, that provides powerful insight into the impact of positive psychology on driving success.

Achor believes that “happiness is the precursor to success, not merely the result,” and this certainly holds true for many in today’s competitive global workforce.  Reading this book and sharing it with my colleagues and friends reinforced something I have long believed; happiness drives success, not the other way around!

What makes one person react positively to a situation or change and another negatively in the identical set of circumstances is quite interesting.  Creating a workplace that inspires and motivates employees to embrace “the positive” and resist the temptation to react negatively is key– it is up to leadership in an organization to instill a sense of empowerment so employees can manage their behavior and impact the organization in a positive manner.

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Resolution 3: Magnificent Marketing!

by Kristin Boyd

With so many details involved in running your business, your marketing may have gone by the wayside, or may not be up to the standards that your target market expects.

First things first.  Make sure you know who your market is, what they’re interests are (this is where you need to advertise) and what your message to your market is.

Next, it’s important that your customers see your message frequently enough that it makes an impact.  Are you consistently getting out in front of customers with your advertising?  Is it effective?

If it’s not effective, or it’s not being measured, then it’s time to refresh your marketing plan. If you’re not sure how to measure your results, here are some ideas on how to get started.

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