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Business
Questions by you. |
Good Afternoon Johnny Nomega,
Here's my list of questions. I look forward to getting your
response.
1. At this point, I feel like I have pretty
good branding that could use some fine tuning. How do you go about
developing a consistent brand? Should the brand be based on the
owner? Should the brand be tested? Is it necessary to hire a
consultant?
Maybe, Yes and Yes. The brand should be based on the owner
if the owner is the only one supplying the service i.e. business
consultation where the owner is the only employee and will be the
only employee, so the customer needs to believe in the owner
completely, however, if the owner plans on hiring other consultants
the brand and confidence need to be on the business. Also, the brand
should be tested and a consultant can save you years and even
decades of trial and error. Let some one else's experience save you
time and money.
2. Legal issues are common in any business
entity. Where can I find affordable legal counsel? Is legal counsel
really necessary?
Yes it is necessary. Good legal council could have saved many
business owners tons of time and lots of money and affordable and
legal normally don't go together, but check out score and your local
SBA and I'm sure they'd be able to help with many of your questions
for free.
3. I'm reading this book right now called "Attracting Perfect
Customers". What are the steps to determining your perfect customer
and target audience?
Do they have money, can they afford your product, can they use
your product.
Your service or product determine your market. You wouldn't want
to try to sell donuts outside of a health spa or produce at a bakery
festival. A good marketing firm can pull the demographics in your
area and tell you where the people who would want or need your
services are.
4. I get advice often from so many entrepreneurs/business owners. A
lot of times, I push their advice to the side because they don't
line up with my goals. How do you deal with advice because everybody
normally means well.
You use what you can and toss what you don't, but you ALWAYS
listen. You don't know what you don't know and you don't know who
knows what or who knows whom.
5. Right now I am working full time at a hotel and plan to go part
time on August 23rd. How should I prepare for this transition? What
three things should I have in place when I am ready to go 100% with
my massage business? I am really struggling with this but I'm to the
point now where I need to go out on faith.
Can you afford it is the #1 and only question. Most business fail
because of lack of planning. It serves no purpose to open a business
just to have to close it 6 months later and try to find a job again.
Save enough money to where you can be out of work for 6 months to a
year and it not hurt you. I normally recommend longer
depending on a persons personal finances and if they have the
support of spouse or family.
6. I am not meeting my current sales goals of 20 massages per month.
Right now I am doing about 7 per month (which is better than last
year). What measures can I put in place to meet these goals?
Advertise!!!!Advertise!!!!Advertise!!!!Advertise!!!!
I'm sorry did i mention Advertise!!!! Tell friends, email blasts,
business cards, etc. One hundred NEW people should now about your
services every day. Meet that goal and you'll have no problem
meeting your others.
7. Can you take a look at the attached financial projects
spreadsheet and highlight some areas of concern or tweaking? (Note:
These are not actual numbers. This is the "perfect world" projection
for the business)
No worries.
8. When it comes to marketing, what is the number one rule?
Do it!
9. How long does it typically take to build up a good base of
clients? How long did it take you? What's important to remember
while you're building these relationships?
Years, years and don't stop advertising,
also back end is crucial. How you organize clients and perspective
clients. Don't under or over do it. I use my blackberry to organize
my life and it's awesome.
10. Do you have any advice on handling self employment tax? When's
the best time to pay? What's the best way to manage tax payments on
a whole?
Get an accountant or bookkeeper. Never
guess, it costs too much to guess. A good bookkeeper may only charge
a couple hundred bucks, but is a life and business saver.
11. What is it that ultimately makes people buy? Give me some
insight.
Impulse. People buy out of need, i.e. toilet paper, food, or
impulse TV, vacations. Impulse your client. Show them that your
product is going to change their life right now. Not later, but now
and tell them to get it now, not later, now!
12. I have started to develop some systems/procedures for the
business. The process is cumbersome. What's the best way to figure
if you have covered all areas with a system or procedure?
Find someone else that is in business, preferable one similar to
yours, and see what they do; people often want to give advice and
are very willing to talk about their experiences. Learn from their
headaches, so you can avoid headaches of your own.
13. The vision of my company is "To heal the entire world with
hearts and hands". What do you think of when you hear this? What
comes to mind?
Nothing. I'd change it. Your slogan should entice people to come
to you and not be a personal mantra. i.e. my mantra is "Teamwork
makes the dream work," but my slogan for my record label is "The
beginning of your future, with no end to your success." Make people
want to be around. As a massage business think of something that
when people hear they say, "many I wish I had that!"
14. My voicemail currently states: "Thank you for calling Another
Touch Massage. To schedule your next individual Stress-Buster or
your group Stress-Buster event, please leave your preferred date and
time and one of our sales professional will call you prior to the
close of business today. Also, make sure to check out our extensive
list of services at www.anothertouchmassage.com. Make it a
stress-free and relaxing day." Please provide your feedback. What
should I change? What should I keep? What would you like to hear on
a voicemail for a massage service?
Perfect! Long, but enticing.
15. How do you achieve an appropriate work/life balance? Right now,
I feel like work consumes me because there's so much to take care
of.
Pick a night, any night and every week take that night,
regardless of work and go party or to the movies or something you
love to do. Trust me, taking those few hours every week consistently
will make you feel like you're a priority again. It helps.
16. There are so many networking groups and professional
organizations. How do you decide which of them are worth your time
and investment? I understand that ROI is something to consider. I've
heard the rule of thumb is to belong to three (2-monthly networking
groups, 1-professional group). Tell me more. What's your take?
Start one. A business networking group
where all the members of your group pay $10 a month and come
together once a week to network, while getting massages. BTW, I want
10%, it was my idea.
17. In your opinion, how closely does personal development relate to
business development and growth?
Totally. If your personal life is in the
toilet your professional life want be too far behind.
18. Right now, I am looking ahead to the Christmas season. I want to
sell 20 gift certificates. This would be far more than I sold last
year. What can I do now to start working toward that goal?
Start asking people to buy them. Everyone
at your current job, random people in wal-mart. Always sell!!!
Everywhere, all the time!
19. Sometimes my mind runs a mile a minute with new business ideas,
etc. Essentially, there's some other ventures I want to start but
now isn't the right time because I need to focus on Another Touch
Massage solely. What's your advice for not being distracted by a new
entrepreneurial opportunity?
Write it down and set a date and time do it
and at that time do it. Once your mind knows that it'll get down and
when, it should stop bugging you.
20. Send your questions to editor@xandermagazine.com
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