Archive for the 'Top Tips' Category

Top tips - Personal productivity

This month we wanted to try something different. Our top five tips for time management and personal productivity are based on quotes from well-known characters, from Taoist thinkers to Nobel Prize winners.

These choice messages are designed to remind you of the obvious, and get you thinking about how to make more out of your working days. If you find them valuable, stick them on your wall for those moments when your productivity wanes.

“Out of clutter find simplicity” . Albert Einstein
- ORGANISE

The problem with organising is it can become nothing more than a distraction from the act of doing. Everyone has different approaches to organising themselves, and there’s no right or wrong. But whatever your approach, remember: organisation is about minimising disorder and freeing yourself from clutter. It’s about knowing what’s next and what’s important. It should make the doing easier.

“Work expands so as to fill the time available for its completion” . Cyril Northcote Parkinson
- SCHEDULE

Parkinson’s law states that if you give yourself a day to do a task, it will take a day to do - even if it might be done in half the time. It is of course not always true, but it makes a valuable point. It’s often wise to give yourself leeway in case things take longer than expected, but such flexibility can rule your productivity. Too much time can lead to distraction and procrastination. Remember: the time it should take to do something is not always the same as the time you make available to do it.

“You may delay, but time will not” . Benjamin Franklin
- START

We waste time for different reasons, but procrastination always begins in the mind. That makes it a difficult beast to beat. It happens when a task is difficult, daunting, undesirable or seemingly unachievable. The tragedy is that when something must be done, procrastination just makes things worse. The obvious solution is to just begin. But that’s easier said than done. Being conscious of when you are procrastinating at least gives you a chance to beat it. Keep an eye on yourself, and if you find yourself procrastinating, find a way to stop.

“Concentration is the secret of strength” . Ralph Waldo Emerson
- FOCUS

Sometimes we look for reasons not to focus, other times distractions smack us in the face. And there are many: email, the web, the coffee machine, early lunch, office banter. Such distractions detract from our productivity one minute at a time. As far as you can, you need to minimise them. Switch off email, or find a quiet space free from the phone or chatty colleagues. As with procrastination, it’s about making a conscious effort to maintain focus upon the task in hand.

“Action without action” / “Wei wu wei” . Terence Gray
- STOP

Sometimes, the best action is inaction. Or to be less dramatic: take a break. As the legend of Archimedes teaches us: a break can provide the rest and inspiration the mind needs to solve problems, reach those ‘eureka’ moments, or just work more productively. It’s when we are under pressure and during our busiest times that we forget the value of taking a break. If you find your productivity is waning don’t battle on: take action through a little inaction.

Top tips for surviving a downturn

Surviving a downturn requires many of the same qualities as excelling in a boom time: agility, adaptability, strength, direction, prudence, perseverance, positivity, patience; to name a few. But what practical steps can businesses take to ensure they survive and succeed during a downturn?

1. Review your business plan

Compare your business plan to your business reality. Are you on track or off course? Is your financial performance as strong as your plan says it should be? If it’s not, how might this affect your future plans and operations? To what extent could a downturn in business affect your strategic objectives, targets and financial projections? Your review may give you confidence moving forward, or else you might need to adapt your expectations for the future. Either way, reviewing your business plan puts you firmly in the picture, and thus firmly in control.

2. Budget with caution

Cutting costs may be an inevitability during hard times. But do so with care and precision. Improving financial efficiencies is one thing, cutting budgets to the detriment of business performance is quite another. Cutting costs may result from a panicked perception that your business will not survive without tightening your belt. But this may become a self-fulfilling prophecy, in that your business might decline - not because you didn’t cut costs, but because you did. Reviewing budgets is crucial - just make sure your evaluation weighs up the costs of cost cutting.

3. Sales and marketing

The temptation to cut sales and marketing spend when things get tight could be strong. The great paradox with this approach is that sales might dry up further. A tricky balance. The single most important step to take - over and above cutting spend - is ensuring that spend is achieving results. This means tightening up on performance metrics. Track activity closely and identify which sales and marketing initiatives are performing strongly. This enables you to maintain strong activities, and helps identify areas to cut costs if necessary. Research and development is also important for effectively identifying and fulfilling customer needs, which may change during downturn.

4. Relationships matter

Renew your focus on relationships with customers, employees and suppliers. Loyalty initiatives could help retain key customers; or more generally - take time to understand what issues and challenges customers face during downturn, and be flexible in adjusting to their needs. Employees may also be affected by downturn, so engaging effective and open lines of communication is crucial. If tough times are ahead, employees will be more understanding of change if they are well-informed (as opposed to being kept in the dark). Motivating staff through training or development initiatives (for an example, see ‘innovate and motivate’ below) could also give employees a sense that they are contributing to the fate of your business. Finally, a focus on maintaining strong relationships with suppliers could, for example, help you to negotiate better credit terms should you need to.

5. Innovate and motivate

A recent global survey - based on interviews with 765 business leaders - placed employees as the number one source of innovative ideas (not surprising when you think about it). This offers two opportunities: innovate, and motivate your employees while you’re at it. And remember, innovation doesn’t necessarily mean conjuring up grand inventions or ground-breaking technologies - it could simply mean tackling the small things, such as doing more with less, or finding new ways to satisfy customers. A focus on small, incremental improvements to business performance could make all the difference and give you a competitive edge. It could also engage your employees by empowering them to contribute to your business’s survival and success.

6. Keep both eyes on the ball

Pre-empting problems in advance of their arrival is vital to planning effective solutions. For example, banks are not particularly interested in lending money when things go bad, so spotting financial issues before they arise means you can present lenders with a well-reasoned action plan to get you back to full strength. Identifying sales dips or staffing issues as early as possible also means you can stay one step ahead, avoiding potentially nasty surprises. Open lines of communication with key staff, alongside regular performance and financial monitoring are therefore top priorities. Avoid paranoia, but also avoid burying your head in the sand.

7. Don’t panic

The media spotlight invariably turns onto tales of woe. In light of such negativity, business owners may feel as though their fate is already sealed. Talk of recession is definitely premature; recent figures predict nothing more than a slowdown in growth. There is, then, no reason to panic. It may be wise to prepare for the worst, but there is no good reason not to strive for the best. A positive, realistic and constructive frame of mind is the best way forward. The dictionary defines panic as ‘often causing wildly unthinking behaviour’. Avoid it at all costs.

8. Be agile

Many of the tips discussed in this article demand a single common quality: the need to be agile and adaptable in the face of change. This demands an early awareness of change, a rapid acceptance of it (as opposed to resisting it), and a flexible, motivated workforce capable of responding to change positively. Find out more about business agility in June’s business i.

business i welcomes your views. Comment on this article and share your thoughts with our readers… What is your top tip for surviving a business downturn?

Top ten tips for successful copywriting

Good copywriting grabs attention, gives clarity to your message, and gets you business.

1. Think, then write

Clear thinking is the key to clear writing. Think what you want to say, then write it as simply as possible. Writing, editing and proofing are distractions that muddle your thoughts. Neglect these tasks for a minute and concentrate on what you want to say. Then, simply, say it.

2. Define your key messages

There are two categories of copy: your key messages, and everything else. Everything else is important, but defining key messages first ensures they don’t get forgotten, diluted or buried. Write them down and underline them. Order them by importance. Choose the ones you want to talk about first and last. Do this and you have defined a solid structure to build on.

3. The importance of style

You know what you want to say. How you say it could determine who reads it, engages with it or responds to it. Writing style is a subtle reflection of your own style - as a person, business or brand. How formal do you wish to be? Or put another way: how informal d’ya wanna be? Should you be a spokesman, friend, superior or an equal? Your use of language establishes perceptions - positive or negative - so be conscious of your style and control it. Remember: your company may already have a style guide to adhere to which ensures consistency and clarity of communications. If not (and you have a lot of people writing copy), perhaps it should.

4. Know your readers’ needs

Getting inside the head - and heart - of your audience helps you strike the right chord. People have practical needs (to be healthy) and emotional needs (to look great on the beach). Effectively selling a low-fat cereal might require you to satisfy both needs; the very reason why TV ads often show beautiful people enjoying beautifully healthy lifestyles. There is a saying: “people buy on emotion and justify with logic”, and it illustrates the point that, very often, emotional needs are more influential than practical ones. Even though the practical ones are still important.

5. Let benefits lead

A one per cent fat content is a feature of low-fat cereal. The benefit being that you’ll be healthier and slimmer than if you carry on eating those fry-ups (better still, you’ll look fantastic on the beach!). Features are important, but benefits tend to put features into context for the reader, making their value easier to see.

6. Use headlines

Headlines grab attention and make you want more. Big, bold, underlined, colourful, distinct, quick and easy. Keep them short but meaningful. Usually a sentence or two is enough to make a point. Think need, think benefits, think key messages. Think about intriguing and teasing, but also think about informing: people look at headlines when deciding whether to read on. Remembering that is crucial, because a bad headline can stop your reader before they even start.

7. Get to the point

Every sentence counts, but the first one is crucial. Fowler’s Dictionary of Modern English Usage describes the paragraph as ‘a unit of thought’. If a paragraph is a unit of thought, the first sentence is what makes your point. Again, be conscious of benefits and needs (as discussed earlier), because the quicker you focus on them the better.

8. All else leads to action

Remember AIDA (Attention, Interest, Desire, Action): the four stage sales process. By now your writing should have taken the customer through the first three steps. You have snappy titles and engaging headlines; and succinct, to-the-point paragraphs that highlight benefits and connect with the reader’s emotional and practical needs. The reader is poised and ready for action. Give them an easy, appropriate way to act, and they will do so.

9. Edit

Editing should involve an appraisal of every sentence. What is the sentence trying say? Do you need to say it? Could it be put more shortly or clearly? Are paragraphs properly constructed? Are they clear ‘units of thought’? There are many more questions to ask of your copy. Think back over the previous tips, remember your objectives and the principles of good copywriting, and evaluate everything. As your writing skills begin to improve you’ll find you need to edit less. Remember: if you can, leave a day or two between writing and editing; a fresh mind helps most things.

10. Proof, proof, proof

The odd mistake is sometimes forgivable, but you should aim to make none. At best they undermine the credibility of your voice. At worst they cost you dearly (think mistakes with pricing, event dates, or contact details). Check your copy, word by word, line by line. Again and again. Ask others for help. Take a break and proof with a fresh head. Proof until you stop finding mistakes, then proof again. Everyone usually has their own method for proofing, but however boring or unnecessary you find it, you should do it.

New business worksheets

Business Link has designed a new range of practical guides and worksheets that can be used to capture your ideas, explore aspects of your business and help you think about the questions you should be asking to take your business to the next stage.

Starting your business - a plan for success

Starting a business is exciting but daunting - you need all the assistance that you can get. This worksheet highlights the key areas that you need to focus on.

Read our guide: Starting your business - a plan for success.

Running your business - a guide to being more efficient and competitive

Well structured food for thought exploring the areas you should be looking at and raising questions you should be asking to capitalise on the full potential of your business.

Read our guide: Running your business - a guide to being more efficient and competitive

Growing your business - a guide to turning ambitions into reality

Businesses cannot stand still - they must constantly find ways to move forward and grow. This worksheet has been designed to help you take your business to the next level.

Read our guide: Growing your business - a guide to turning ambitions into reality

Video interviews - see how we work with businesses

See how our service could work with your business by watching our series of short video clips: http://www.thinkbusinesslink.com/interviews/

Top 7 tips: Get new customers

1. Build a customer profile
First, write down five characteristics, which, in your mind, define your ideal customer. Second, analyse and group your existing customers, breaking them down by value. Look at customers that bring in the most cash for the least effort, or those that are the most loyal, engaging or fun to serve. Identify any common characteristics or attributes. In doing so, you have defined a profile not just for your best existing customers, but your best prospects too. Third, consider how you acquired them. Again, patterns may emerge. For example, if your most valuable customers are 30-something females that you acquired via e-marketing, you have identified both a target market and a method of reaching them. Finally, compare your analysis from steps two and three with the original ‘ideal customer’ you defined earlier. If there are differences, you may need to re-evaluate your own perceptions about who your ideal customer is.

2. Plan, define a strategy
As ever, a little planning counts for a lot. Your time and resources are limited, so you need to focus your efforts on activities that return the greatest possible results. If you have defined who you want to target, you need a strategy for the how. How exactly are you going to reach your targets? Evaluate the methods at your disposal and define an action plan. It doesn’t have to be pages long, but it should be dynamic. Don’t be afraid to change things, ditching methods that fail, and focussing extra resource on ones that succeed. Such steps may seem obvious, but businesses often fail to think strategically about customer acquisition - a failing that only serves to slow down the search for new customers.

3. Word-of-mouth
Few other methods of promotion come close to the power of a personal recommendation from a family member, friend or colleague. In many ways word-of-mouth is an organic process; providing a quality product or service and an excellent customer experience will invariably get people talking and lead new customers to your door. But you can actively pursue word-of-mouth. For example, you could collect testimonials from satisfied customers and publish them on your website, or get people talking through email or flyer campaigns that provide an incentive for spreading the word. The Internet is making it easier than ever for satisfied customers to share their experiences, increasing your scope for capitalising on word-of-mouth and viral marketing approaches. The challenge is to figure out clever ways to get people talking about you - online or off. Foster strong relationships with customers as much as possible, because close customers are customers that care about your success. If they get the chance to promote your business on your behalf, they will.

4. On and off
More and more, businesses are adopting online methods of finding customers, whether this be through their website, online advertising, email or new media communications. This is all very well, but don’t forget the value of offline channels too, such as the direct mail letter, flyers, brochure packs, poster campaigns, or even marketing messages on the side of a bus or a cup of coffee. If anything, the more firms fight to gain exposure online, the more the offline world becomes a clearer playing field. Both online and offline methods of finding customers have their unique value, and are complimentary to each other. Think about how you can capitalise on both worlds side-by-side.

5. Something for nothing
Whether you sell products or services (at high or low value per unit) there may be scope for offering a little something to potential customers for free. This may serve as the taster reluctant consumers need to engage with your brand. But be careful, giving away too much is an obvious drain on your time and resources, so plan such promotions carefully. And ‘freebies’ are not always appropriate, so think about whether the approach suits your brand. But remember, there are many ways to offer something for nothing. Introductory discounts, special offers such as voucher coupons, recommendation schemes, buy one get one free, samplers, competitions or prize draws. If you are 100% confident in your product or service, you could also offer a money back guarantee for the first sale.

6. Keep your eye on new technologies
The internet wasn’t the first new technology that allowed businesses to reach out to new customers in new ways, and it certainly won’t be the last. The next big thing, so they say, is mobile and pervasive (location-based) computing. Mobile devices that are aware of user location and capable of communicating with their surroundings may one day promote your business and its products or services. Plug that potential into the existing online world, and you have a next generation platform to talk to potential new customers. Ok, it may be unrealistic to think that you can become a pioneer in cutting-edge technologies. But at the very least, having an awareness of such trends could mean that you can capitalise on them before the competition, winning new customers in the process.

7. Monitor success
As you acquire new customers it’s important to monitor your success. If you are not doing so well it may be time to change your direction. If you are succeeding, identify which approaches are working and pump more resource into your winning formula. Either way, monitoring your success at acquiring new customers gives you the intelligence you need to move forward effectively.

Top Tips for a better business plan

1. Do a lot or do a little
Sometimes writing a business plan is a task confined to the bottom of an in-tray or dismissed entirely as an arduous chore. But remember - a business plan can be as long and detailed or as short and snappy as you like. And because your business plan should ideally be a dynamic, working document, you can add to it as you go. Those that appreciate the virtues of writing a business plan may argue that the more you put in the more you get out. But crucially, it’s important to realise that at the very least, a little planning is better than no planning at all.

2. Write for your audience
If you are preparing a business plan to attract interest from potential stakeholders,  such as investors, banks or partners, looking at things from your audience’s perspective helps you decide what pertinent information to include. Investors will expect to see detailed financial forecasts and growth plans illustrating your suitability for investment. If your audience is yourself, in that you are preparing a business plan for your own day-to-day use, you might choose to focus more closely on other areas such as detailed operational or strategic plans.

3. The art of the start
If your business plan fails to interest and engage from the outset your audience are likely to switch off. The ‘executive summary’ is positioned at the start of a business plan, acting as a synopsis of key messages. It should inspire readers to read on, or alternatively - if your business plan is for internal use - it could serve as a handy reference point or motivational pick-you-up on a bad day.

4. Focus on opportunities and strengths
Your business plan is your message to potential stakeholders - and yourself - that your business has potential. An emphasis on identified opportunities and strengths helps reinforce your business’s key success factors. But be realistic. If you make financial forecasts based on outlandish evaluations of your potential, you might run into problems later on.

5. Think strategically
Objectives are best pursued with sound strategies. Your business plan is an opportunity to flesh out strategies capable of delivering your aims. Thinking strategically makes your business plan more than just the necessary paperwork to raise finance or attract investors. As a working document, your business plan can be a truly functional resource to steer your business in the right direction.

6. Know your market
Your marketplace has the potential to influence your objectives and strategies, dilute your strengths, or impact your finances. It therefore follows that fully understanding your marketplace is vital to future planning.

7. Highlight key people
Investors often buy into people, not just businesses, so emphasising the strengths of your key personnel is important if you are looking to raise finance. If you are preparing a business plan for internal use, the act of writing down the strengths and core responsibilities of key staff could be a useful exercise, if only to confirm that your people’s skills are fully utilised.

8. Number crunch
Numbers are important because, ultimately, your business’s potential is only as strong as your financial plan. Realising your future objectives may require capital investment or adequate cash flow, and your potential profitability will be high on the list of questions from an investor’s perspective.

9. Keep structured
A sensible structure helps you compile, write and use a business plan effectively. Potential investors and stakeholders will expect to see information laid out in a logical and easily navigable way. Structuring your plan may help you write and use it too. For example, you could divvy up different sections to be managed by different people (based on their knowledge and strengths), bringing plans together bit by bit. Visit the Business Link website for links to examples of sample business plans that follow typical structures.

10. Keep it up
Plans are made for doing, so it’s important to revisit your business plan regularly, if only to make sure you are achieving what you set out to. If your plans turn out to be unrealistic, set new goals and evaluate why things didn’t go to plan. There may be reasons to explain differences between your plan and reality, such as a shift in strategic direction or a downturn in market conditions, but consciously making the comparison helps you differentiate between an intentional change and a loss of focus or direction.

More info - Prepare a business plan

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Top Tips for 2008

5 tips to help you get the most out of 2008:

1. Face your demons

Make a list of your worst nightmares. The loss of your most valuable customer(s); a competitor undercutting your prices and squeezing your margins; losing your customer data. Whatever your key issues, make 2008 the year to face up to your demons by devising action plans that aim to avoid the worst case scenarios that keep you awake at night. At first there may be more questions than answers, but facing up to such uncomfortable issues is often more healthy than burying your head in the sand. It could make 2008 your best and least stressful year yet. Or may simply ensure your business survives into 2009.

2. Develop yourself

If 2007 was all about your business, make at least a small part of 2008 about you. Consider your weaknesses and identify areas for self-development. Then explore your opportunities for training, which may include local training events, workshops and seminars, one-to-one training or coaching, bespoke training sessions or online interactive courses. Or even just a holiday and a good self help book! After all, your personal skills contribute to the overall success of your business, so it makes perfect sense to develop yourself.

3. Watch your finances

Continued fears of a credit crunch hitting the UK economy may or may not be realised, but such uncertainties serve as a useful reminder that financial stability is not a certainty. Even if you’re confident that your finances are in order, consider the unexpected - such as how a financial squeeze might affect your customers, suppliers or money lenders, and think about what this may mean to your business. Ensure the basics such as your cash flow, balance sheet and profit and loss accounts are taken care of, and review financial forecasts regularly so that potential issues can be avoided before they happen. The unexpected may not occur, but a solid grasp on your finances means that if it does you are well prepared to ride the storm.

4. Go green

In October 2007 we reviewed a NetRegs SME-nvironment survey indicating that although many businesses have the motivation to go green, a large proportion fail to understand exactly how their business impacts the environment. An estimated 48 per cent of all businesses have taken steps to minimise their environmental impact, but many businesses continue to believe that they don’t undertake any harmful activities and as a result do not implement environmentally friendly practices. It’s likely that during 2008 those NOT acting will become the minority, but many businesses will still need to implement changes if they are to turn environmental consciousness into action.

5. Do something new

The choice is yours, but here’s a few suggestions: Learn a new IT skill. Put a plant in your workspace. Attend a networking event. Make a website. Write a business plan. Delegate. Join an online business community. Reward yourself. Backup your data. Ask someone for help. Review your business performance. Reward your employees. Diversify. Take a holiday. Think of a new way of doing things.

 Download printer friendly version : Top tips for 2008

10 Top Tips for Managing a Better Website

Research suggests that 7 out of 10 UK businesses have an online presence. That adds up to a lot of websites, and even more people behind the scenes making them happen.

This month’s tips recognise that those involved in creating and managing websites may come from very different professional backgrounds - from managerial or marketing experts to IT or technical gurus. With this in mind, each tip is designed to offer useful and relevant guidance on a range of subjects from web accessibility and copywriting for the web, to areas such as online promotion, web analysis and navigational design.

Download - 10 Top Tips for Managing a Better Website