Showing posts with label entrepreneur. Show all posts
Showing posts with label entrepreneur. Show all posts

Friday, September 10, 2010

The Last Lecture: Achieving Your Childhood Dream

vancouver office space Reach for the stars 150x150 The Last Lecture: Achieving Your Childhood Dream

There are so many people I admire but if you ask me to list the top 10 people  I admire, I would have to name Randy Pausch as one of them. A young college professor who chronicled his battle with cancel and delivered the kind of lecture that not only make you stop to pay attention but also touch your heart and soul. It is the kind of lecture that makes you ask yourself, if I knew I was going to die and had a chance to sum up every thing that is important to me, what would I say? It’s not a sad lecture; in fact, it is uplifting as it makes you want to think about your dreams and achieving it.

How does it apply to entrepreneurs? We are often so scared to make decisions or take opportunities that is presented to us, fear rules over us. There are also some of us who are in jobs we don’t like, doing work that we know we were not meant to be doing…. but too scared to step away from the familiar habits that we have been in for so long to follow our passion and dream.

“It is not the things we do in life that we regret on our death bed. It is the things we do not. Find your passion and follow it” – Randy Pausch

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http://soc.li/OVv93ni

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Coworking: Rethink Office Space

vancouver office space bg 300x187 Coworking: Rethink Office Space
The coworking movement is one that has every one rethink how they work. With technology giving us the ability to work wherever and whenever we want to, it then creates a unique situation where we crave for colleagues and social interactions after being cooped up for a long period of time.

“As working from home becomes more and more common for creative professionals – be they freelancers or otherwise – the need for social interaction in the workplace has become increasingly more apparent. While home offices allow the flexibility to do what you want, when you want, it is important to question how our environment affects both state of mind and productivity.”

“By bringing like-minded folks from diverse professions together into one place, you create a very powerful contingent of brain power.”

Read more about: New Workspace

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Dealing with a challenging day in a musical way


vancouver office space 0904wealth jayz main 300x154 Dealing with a challenging day in a musical way

After a long rough day, especially a day where it all feels all overwhelming.  I turn up “Dirt off your shoulder” by Jay-Z real loud!  Jay-Z is an inspiration to me, he came from the ghetto to creating an empire and becoming one of the richest man in America.

I hope you will enjoy this song as much as I do!

  Jay-Z‘s most inspiring quote: “I’m not a businessman, I’m a business, man. Let me handle my business, damn!

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How we incorporated our business

Must be something in the air but at least a dozen young entrepreneurs have asked me, “How can I go about incorporating my business?”

It is a wonderful thing for the economy when someone decides to venture into the world of entrepreneurship but it can also be very overwhelming.  Sole proprietorship or corporation?  What name should I use for my business?  What logo? Should I trademark my logo?  Incorporating federally or provincially?   It all becomes very overwhelming but thankfully there are FREE resources available to help answer those questions.

When The Network Hub was conceived, my two partners and I were students, so, there was no way we could afford lawyers to take care of everything. Although, depending on your business, you should DEFINITELY be talking to a startup/business/incorporation lawyer.

Jay, John and I have had experience working together and we previously incorporated for our other company so we were familiar with the process.  To register your business name, you have the option of going in person to Small Business BC or submitting your business name online with BC Registry Services.  Now here is the odd thing, you would think submitting would be a 24/7 service – nope, not with BC Registry Online.  BC Registry Services operates from 6 am to 10 pm Monday-Saturday and from 1 pm to 10 pm on Sundays.

We opted to go in-person because we wanted to incorporate our business name. Now, when your company is incorporated, the name is checked against a list of registered corporations in BC to ensure there are no duplicates.  We wanted to consider all possibilities of our company name submission, so that it would not rejected because that means $49 gone to waste and we would have to resubmit.  With proprietorship or partnership, business names are not protected so you can have multiple companies with the same names. (Note: if you feel overwhelmed already, get yourself a good lawyer to incorporate for you)

Once we got the approval letter mailed back from the BC Registry Services, we went ahead and started the incorporating process.  You have 56 days from when your business name is approved to decide on a business structure, otherwise, you have to submit AGAIN for approval – another $49 dollars.   If you have no idea which business structure is right for you – go to Small Business BC, Google it.,or consult a lawyer.

Here is the excerpt from Small Business BC:

  1. Sole proprietorship. If you plan to operate the business on your own, either under a business name or your own name
  2. Partnership. If you plan to operate the business with one or more partners
  3. Corporation. If you plan to operate the business as a separate legal entity, separate from yourself and your personal assets
  4. Society. If you plan to operate a not-for-profit organization, in which any funds or profits will be used only for the society’s purposes
  5. Co-operative. If you plan to operate a business that is owned and democratically controlled by the people who use and benefit from your services

A major difference between a corporation and a sole proprietorship or partnership is that, in a corporation, no individual person is responsible or liable for debt (unless specifically outlined in a contract or legal document for your business). Also, if any members of your business leave or are replaced, it won’t affect the business as a whole and operations can continue, uninterrupted.

For us, we chose to incorporate because of liability protection and tax-benefits.   You have two choices when it comes to incorporating:  self-incorporation online at Corporate Online or consult a lawyer.   While we would have loved to have a lawyer to take care of this process for us, it wasn’t possible with all the expenses of starting up a business. So, we decided to register the business ourselves.

vancouver office space bc incorporation guide large 254x300 How we incorporated our business

With the help of the Incorporation Guide for British Columbia by Self-Counsel Press for $19.95 and about $350 to incorporate online, we were officially incorporated.  Check out Self-Counsel Press for other forms such as Legal Forms for Incorporated Business.


Please note:  This is NOT legal advice. If you require advice, please consult a lawyer!!

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Wednesday, June 23, 2010

What I would say if I met my 17 yrs old entrepreneur-self

The journey of being an entrepreneur has been a learning journey but also a challenging journey.  It is one that constantly bends my faith, tests my characters and challenges me to extend the limits of my tolerance every day.  Some days I am brought down to my knees other days I am lifted like an angel with wings.   Although I am one to believe it is better to look ahead than to look back, I believe therein lies in the past lessons that if I forget, will repeat itself until I have learn them.  As I look back and address my 17 years old self, I am also reminding my present self that with these battle scars, I know better and I will do better.   By no mean this is the complete list of all the things I would say but perhaps the ones that I would say right now if I were able to step in a time warp.

Be curious.
Curiosity allows you to absorb everything that is happening around, it create a sense of excitement that you will always experience something fresh but more importantly it will make you ask the question “Why?” and it is with that particular question you begin to find knowledge.  Keep watching Star Trek; continue to dream of travelling to a distant galaxy and embrace the unknown but investigate by asking “Why?”

Be playful.
Play doesn’t cost money, play doesn’t involve thinking because play is something you feel like you need to do and you can’t somehow justify it without giggling.  Smile often, laugh out loud and be silly.  Decorum and improprieties are for the 1800’s ladies who drink tea and wear corsets.   A wise lady named Laurel Thatcher Ulrich said, “Well-behaved women rarely make history.”

Be courageous.
Bad thing will happen to you.  That is a fact of life; you can feel weak from it but make the decision that the experience will not reduce you.  Tremble but forge ahead with courage.  Let me tell me how geeky girls are hot in the future so bear with teasing and bullying for now.   Keep standing out, shrinking down to be less a person that you are to please others is not.

Be wary of whinning.
If you don’t like something, change it.  It is within your power, you are in control of yourself and your mind.  You are not a victim of your circumstance.  Be proactive, be the change because “We become what we think about all day long” – Ralph Waldo Emerson

Believe.
Be yourself, believe in yourself and be still.  People will say you are too young, not smart enough, wrong time, wrong place, too much of a girl, too ambitious, too emotional – too much of everything wrong and too little of anything worthwhile.   Hush up and believe me, you can be anything you want to be.  A lawyer, a microbiologist or an entrepreneur – whatever that path is, you get to choose and you have life’s permission to change your mind. Be still and hear your own voice, believe it as it will guide you – ignore it at your own perils.

Me and my friends at Templeton High School

Me and my friends at Templeton High School

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Wednesday, May 12, 2010

Dao Tea: “Farm-to-table” Tea Movement

Last month, Pedro Villalon came by The Network Hub for a tea session. He brought along a whole set of teas and tools to inform us about all the different aspects of tea – sustainability, health benefits, preservation of leaves, properly brewing it to bring out the most flavour.


From the couple of hours he was here, you could instantly tell that he was passionate and dedicated to tea which is exactly what lead him to form Dao Tea.

Pedro started learning about tea in small shops across Guangzhou, where he lived for two years and invested much of his time learning about tea. “I travelled across the province of Zhenjiang (Hangzhou, Anji, Changxing, Qian Dao Hu) to learn about green and flower teas; Fujian (Anxi) and Northern Guangdong (Phoenix Mountain) to learn about oolongs; Yunnan (Yiwu, Menghai and Xishuangbanna) to learn about Pu Ers and to the village of Hwagae in South Korea to learn about Korean green, herbal and balhyo teas.”

His reason to focus on tea came naturally after his travels; “I love Asia, its culture and its people. I’ve always wanted to be a farmer; working with farmers is close to that. I learned to love tea. It’s an art, it’s good for health, and it’s good for Earth (low impact agriculture).”

With Dao Tea, the concept is simple: “from farmer to table.” This is what makes Dao Tea so special – there are no additives in the tea. Pure tea leaves from farms on the mountains of Asia are put straight into the eco-friendly package.

In the end, the tea is good for you and the earth. “The package is eco-friendly while preserving tea in optimum condition. The recyclable aluminum foil bag keeps the leaves fresh and protects them from light; the recycled cardboard keeps the leaves from breaking,” Pedro explains, “my friends at Webb Scarlett deVlam (recently re-named Webb deVlam) in London designed both the identity and package. They graciously supported my new upstart company.”

Dao Tea has been in business for a few months now and Pedro described the process as fun, challenging and something completely new. “The great news is that a large community in Vancouver celebrates life and great food.”

He plans to make Dao Tea the choice for foodies in BC and reach out to yoga communities. “I’m working to create distribution in gourmet food shops like Capers and Meinhardt, fine restaurants (Nu, C) and boutique hotels. And Pedro has a concept in mind for 2011: to open Vancouver’s first farm-to-table tea shop where all food and beverage ingredients can be traced to the famers who produced them.”I believe that it’s critical to maintain a close relationship with the farmers and artisans who are the heart of the company.”

In a longer term, he sees business opportunities related to sustainable energy in Canada, Asia and Latin America. For aspiring entrepreneurs, Pedro leaves a piece of advice: “Drink a lot of tea.”

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Tuesday, May 11, 2010

Coworking – It’s about the people

This blog post originally appeared in techvibes.com as part of a series about Coworking around North America.

This is the second part of our series on the growing Coworking movement and some of the spaces that have embraced the philosophy, both locally and abroad. The aim of the movement is to create a community of cafe-like collaboration spaces for developers, writers and independents.

In 2008, Patrick Tanguay and Daniel Mireault noticed the lack of spaces that catered to its independent workers, freelancers and entrepreneurs. “We first started toying with the idea as we were both freelancing and were either working from home, at our clients’ or in cafes. We wanted our own place – a professional yet cozy place where we could work and be surrounded by like-minded individuals without feeling guilty of sipping our latte for 3 hours just to be able to use the local cafe’s WIFI network.” So, just as the Coworking movement was emerging, they introduced Montreal to its first coworking facility and named it Station C.

Station C is situated in an area known for arts, an indie music scene and rich cultural heritage, giving their space a cool, relaxed vibe and to pull in a mixture of entrepreneurs.

Aside from the apparent practical benefits of being in a space designated for work, members of a coworking space soon discover the unexpected benefits of being part of the community.“The key contributing factor that makes coworking appealing is the people. [They] make most of what interaction and opportunities possible [because] collaboration is a big part of the coworking movement,” says Daniel. Their space has enabled freelancers and entrepreneurs to have focus, gain resources and create connections. “Some have said they work better, have better concentration, have more motivation. Some made new friends.” Besides coworking, Station C holds various events at their space such as BarCamps, meet ups and the occasional informal cocktail evenings.

The environment that Station C has created supports an open community that encourages collaboration and gives entrepreneurs opportunities and projects they wouldn’t normally have come across. There is a constant energy at the space that sparks creativity among the designers and web developers. Getting a number of smart, passionate, like-minded individuals in the space creates a buzz around the office as they bounce ideas off one another. “Having access to a bunch of talented and smart individuals on a daily basis is also a bonus when you’re looking to fix a bug in your script or trying to figure out which page layout is more intuitive,” says Daniel.
“Where we differ from most coworking space though is the amount of effort and money we put in selecting and designing the space.” Being designers themselves, Patrick and Daniel had custom tables made for their space and furnished it to their standards. “Pat and I wanted to make sure people feel comfortable and enjoy their work environment enough to want to stay for several hours a day,” explains Daniel.

Patrick Tanguay and Daniel Mireault have successfully put Station C on the coworking map by creating a space where individuals can connect and build a community of support.

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Camaraderie in Coworking

This blog post originally appeared in techvibes.com as part of a series about Coworking around North America.

The future of work is evolving. The recent economic downturn has encouraged the growth of independent knowledge workers and entrepreneurs willing to strike it out on their own. This group of workers, armed with their laptops, smart phones, and web apps, can work from their homes or coffee shops. However, an alternative option has been gaining popularity amongst this group over the past few years. Referred to as ‘Coworking’, it’s a movement to create a community of cafe-like collaboration spaces for developers, writers and independents. Pioneered in San Francisco by the Hat Factory and Citizen Space, these places provide a space for web workers, consultants, freelancers and entrepreneurs to work independently, together. In the coming weeks, we will be highlighting a few spaces that have embraced this philosophy and its new breed of workers.

coworking4406638346 9fb48d2ab1 Camaraderie in Coworking
A perfect example would be Rachel Young and Wayne Lee. Seven years ago they were freelancing out of cafes with friends and local writers for, what they called, ‘creative’ sessions hoping to get out of the isolation and rid the distractions of working from home. Realizing that they were building the same foundations for a business, they recently launched Camaraderie, a coworking facility located in Toronto.

“Wayne knew firsthand the value of co-working, so we decided to open a space we could both work from and open it up to the community,” Rachel says, “because cafes have their own set of issues. “There’s the expectation to purchase something every hour so it’s not considered loitering, the noise of the coffee grinder whirling mixed in with the music in the background, and to face the dilemma of what to do with your laptop when nature calls.” And when you’re working from home, “sometimes the video games call too strongly or the bed is too comfortable, says Wayne, “regardless, isolation is still an issue any freelancer has to deal with. While it can be great to focus, we are still human and still need some sort of social interaction to maintain balance.”

Based on years of facing these challenges, the two made sure their space provided a perfect harmony of seclusion to find focus and communication for networking. At coworking spaces, you can expect to meet a diverse community of outgoing entrepreneurs and freelancers with many opportunities to participate in open source projects. “It’s a productive work environment where one could hold client meetings, leave their laptop when they run out for lunch, and drink unlimited coffee or tea. Most things that an entrepreneur or freelancer would need is already here, plus more. All they need to do is walk in with their work implements, take a seat, and get going.”

Camaraderie’s large workspace includes two meeting rooms and a communal kitchen surrounded by white walls and dark floors. Adding to that, tenants are welcomed to a stunning view of a beautiful park right by the building. Transportation is also made easy as the nearest subway station is in walking distance. Rachel and Wayne plan to get a transit pass discount program for their tenants and even want to work on healthcare coverage for their full time members!

Camaraderie truly presents a great relaxed, organized, idea-driven, resource-sharing workspace by integrating the basics of a cafe in a functional environment so lonesome entrepreneurs and freelancers are able to mix and share ideas to progress and gain… camaraderie.

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Living Luxuriously with Lexie Lamour

Too often, we get caught up doing everything we need to do in life and not much that we want to do. With hectic schedules, meeting demands, and putting in hours and hours of hard work, stress just seems to come oh so easily. Sometimes we need to stop, relax and indulge a little… or a lot. Consider the Kitty Card. It started out as a concept from a women’s social group (Glam City Girls) and is now emerging into a full-fledged exclusive deals card that is being accepted at some of the hottest spots around town. 

Lexie Lamour, president of the Kitty Card, launched it late last year after moving to the city from South Beach with one mission in mind: “To give all women in Vancouver access to that ‘celebrity treatment’ [so they can] feel indulgent, empowered and like a queen.” To do that, “[I] partner with Vancouver’s finest retailers, salons and hospitality businesses. Each of our partnering businesses know to go the extra mile while treating Kitties.” 

Although the benefits from the card may be blissful, establishing it during one of the most difficult years wasn’t. “It’s tough to get credit in this economy, especially when you’re self employed. The hardest and most important part is to get people to believe in your vision. I had a few people tell me to come back in two years and then they’ll talk to me,” Lexie admits, “You have to put in extra work to start but it’s well worth it when it starts to take shape.” From all this she has learned to “be realistic with goals, have focus [but] be flexible and last but not least, take time off.” 

So when she’s not working, the fashion and beauty enthusiast is exploring new shops, beauty products and cool spaces just like your go-to girlfriend. 

Not only does she scope out the most luxurious spots around town, she plans exclusive events for kitties. Some of her past events include a Sex and the City style cocktail party for the launch of the card and Kitty Holiday Soiree Christmas party in Yaletown that included makeovers, and mini-manicures. A regular event to anticipate is her Country Club brunch that is located at a different location every month, so members can experience a whole new vibe. 

Her events have garnered so much attention that cities like Toronto have been asking for their own card. And they may be in luck because she plans on spreading the discounts to major Canadian and US cities in the next few years. She also aims to partner with a swanky restaurant like Earls and is already in talks with a few make-up stores! 

Along with that, be on the lookout for boutiques and lifestyle businesses such as hotels and even limo services. Who wouldn’t want to travel in style? Let’s face it, we all need a good dose of the Kitty life once in a while because like Lexie says “work will be there in the morning and you can’t work well if you’re not well. So grab your Kitty Card and live a little!”

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Monday, December 7, 2009

Should you have set business hours

When you run a brick and mortar business like a coffee shop or a grocery store, it goes without saying that you likely have set business hours. These hours are typically posted on the door and customers know exactly when they can expect you to be available.

What happens, then, if your business is primarily online or you operate on a “by appointment only” basis? The assumption that many people seem to have about freelancers and other similar professionals is that they are always “on the clock” and, as such, they are always available to be contacted by current and prospective clients.

There are certainly both advantages and disadvantages to setting standard business hours for situations like this. By having set business hours, it is much easier to achieve a healthy life-work balance, because it is much easier to leave work at work and home at home. This balance can be further enhanced by renting office space outside the home, rather than working out of a spare bedroom. To some, set business hours can also help to legitimize your company.

On the flip side, doing away with conventional business hours can also have its perks. One of the more popular reasons why some people choose entrepreneurship in the first place is the ability to have a more flexible work schedule. Set business hours can feel restrictive by comparison.

Having a more open schedule may mean that you may have greater opportunities to capture a potential sale, both at 3am and 3pm. On the other hand, clients may expect near-instant email responses at any hour of the day and they may even call you during what you consider personal time. The lines blur considerably.

In the end, it is largely a personal decision whether or not you should have set business hours. The best way to find out would be to give both configurations a try, seeing which you favor more.

About the author: http://michaelkwan.com" target="_blank">Michael Kwan is a professional freelance writer based out of Vancouver, Canada. He can be found blogging at http://btr.michaelkwan.com" target="_blank">Beyond the Rhetoric.

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Tuesday, December 1, 2009

But will it make money


I was watching an episode of Dragons’ Den on CBC the other day when one of the venture capitalists brought up a seemingly obvious point that is oftentimes overlooked by entrepreneurs.

For those of you who are not as familiar with the show, Dragons’ Den allows entrepreneurs and small business owners to pitch their ideas to a number of investors. The hope is that the venture capitalists will be willing to invest in their companies for a percentage share of the company’s ownership. We see everything from iPod sleeves to barbecue sauces on this show.

In the episode that I saw, one of the entrepreneurs presented her idea for a dog fancier’s trade show and carnival. She said that she had already successfully hosted a number of these shows and that she was ready to take it to the next level. As it stood, the show had free admission, was small scale, and under-charged the advertising vendors like Purina and Iams.

The budding entrepreneur said that the next step would include larger indoor venues, charged admission rates, and an expansion of the concept with merchandise sales, among other ideas. The venture capitalists questioned the profitability of such a show, saying that while it may be popular with free admission, it is unproven as a money-making business.

It’s easy for entrepreneurs to lose sight of the end goal. They can get caught up in the enthusiasm of the idea without paying enough attention to whether or not the business can make money. Nowhere is this more prevalent than with web-based businesses. Twitter and Facebook are hugely popular, for example, but they’re far from being immensely profitable.

For your business to succeed, it needs more than just popularity; it needs to be economically sound and it needs to financially viable.

About the author: http://michaelkwan.com" target="_blank">Michael Kwan is a professional freelance writer based out of Vancouver, Canada. He can be found blogging at http://btr.michaelkwan.com" target="_blank">Beyond the Rhetoric.

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Sunday, October 25, 2009

Before you launch; things to consider before opening a business

For years I’ve worked with entrepreneurs as they go from bright idea to start-up business. Some people agonize over whether or not to launch. Others become reluctant entrepreneurs by inheriting a business or due to the sudden need for additional income. The decision to open a business can be complex both personally and professionally and for this reason the pre-start-up issues occupy a great deal of time in my introductory workshops. Start by asking yourself some questions. First, why are you starting this business? Is this an outgrowth of another career, do you have the “better mouse trap” the world is waiting for, or are you seeking a new stream of income?

Before opening a business there’s a lot of homework to be done. You need to thoroughly research your industry and your competition. After you launch is the wrong time to find out you don’t know who your target market is. Whether or not you plan to seek outside funding, your financial house should be in order as well. Your business plan should include a realistic view of projected cash flow and you need a good understanding of the responsible use of credit.

Do a personal assessment of your skills and talents. How are you going to fill in the gaps in your skill set? Most successful entrepreneurs have team around them to provide the specialized knowledge and abilities outside their core business talent. You will have to budget for and pay for some of these experts to do things like set-up your books or file your taxes. What’s your business model? Some businesses require you maintain an office, while others can be operated totally online. Are you looking at renting a storefront or will virtual office space be smarter? Location and communication methods are dependent upon knowing your market and how and where they shop.

The self-employed are some of the happiest people around. But like any major life decision you need to think carefully before taking the path of entrepreneurship. Consider how running a business will fit into your life and how you will pay bills during the start-up phase.

About the author: “Karen Southall Watts 

has been training and coaching entrepreneurs for over a decade. She teaches business courses for Bellingham Technical College.”

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The magic of word-of-mouth marketing

People are funny. No matter how smart or logical we consider ourselves we still prefer to buy products and services from those we feel we know and trust. This is true even if we “know” them by association only. This desire to do business with people we feel a connection to is the foundation of word-of-mouth marketing. A referral or recommendation is a powerful thing. When someone recommends a business to us we assume they have already vetted the business and it passed the test.

Once you understand how important word-of-mouth marketing can be you must beware of what I call the “angry customer rule”.  It turns out that customers who feel cheated or feel they received low quality goods or services are far more eager to talk about their experiences than satisfied customers. Call it human nature, but we just don’t seem to be able to resist sharing our bad business war stories with anyone and everyone who will listen. Getting happy customers to talk up your business is a bit more difficult, and we all know it. This is the reason a recommendation carries so much weight.  So what can you do to encourage customers to share their delight in your business?

  • Ask your customers to refer people to you—thank them EVERY time they provide you with a lead
  • Follow up on leads in a timely manner—don’t make people wait for your call for days and days
  • Be responsive to your customers’ comments and concerns—show willingness for constant improvement
  • Provide referrals to others freely—word-of-mouth marketing is based on relationships and you need to do your share

Whether you call it generating buzz or turning customers into fans, word-of-mouth marketing is an essential part of your marketing mix. Recommendations are golden. 

About the author: “Karen Southall Watts has been training and coaching entrepreneurs for over a decade. She teaches business courses for Bellingham Technical College.”

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Friday, October 16, 2009

Networking your way to success


John Donne famously said, “No man is an island”. When it comes to entrepreneurs this statement is absolutely true. Business involves exchanges of goods or services for money (or other goods and services in the case of bartering) and is based upon relationships. To do business you must connect, and the best way to connect is through networking. Just putting up a website or printing business cards is no more effective than putting a sign in the front yard. Networking puts a face on your brand. Your contacts will become your customers, clients and sources of referrals. Without them you are trying to function in isolation—making yourself a business island.

Ideally your networking will include a good mix of formal networking, informal and one-to-one networking and social networking through technology. By blending the approaches you can increase your chances of success. For example, formal networking events like the Vancouver Entrepreneur Meetup give you access to a group of professionals who arrive ready and willing to network. They are there to share and listen and are super receptive. One-on-one meetings give you the chance to get more in depth with your contacts and to really delve into how you can create win-win opportunities. When possible try to schedule at least one of these during your formal event. In other words leave the Meetup with more than a handful of cards. Finally be sure to add technology based options to your networking blend. Social media sites allow you to exchange information with and connect with people from all over the world. You can stay in touch ‘round the clock and provide up to the minute updates on your newest projects and products.

People can’t engage you for projects or buy your products if they don’t know anything about you. Networking skills are what set the successful apart from the entrepreneurs who struggle.

About the author: “Karen Southall Watts has been training and coaching entrepreneurs for over a decade. She teaches business courses for Bellingham Technical College.”

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Monday, October 12, 2009

Who’s afraid of networking?

Life is about connections. Business doesn’t happen in a vacuum; it happens between people. Networking is a key function in almost every business and career, so what keeps us from doing it? Perhaps it’s our lack of understanding of the networking process. Or maybe it’s our fears, many unfounded, about doing it just right. Here are some of the most common stumbling blocks to networking

  • It’s a waste of my time—it is hard for me to believe, but there are still some people who don’t see the value of networking. After over a decade of teaching and coaching entrepreneurs I still have to point out that personal brilliance or product novelty is simply not enough to create success.
  • I won’t have anything to say—that’s okay, because some of the best networkers are great listeners. Real connections are made through conversations and not through elevator speeches.
  • Everyone there will be trying to sell me something—how do you know that? There are lots of reasons for networking and one of the best is creating your “team”. Networking helps business owners to find that perfect accountant, real estate agent, or PR expert. Think of all the people who are shopping and not selling and you’ll feel more confident.
  • I’m too shy—you don’t have to be “the life of the party” to be a good networker. There are no rules that state you need to meet everyone in the room or be the last to leave either. That’s the great thing about networking; it’s about building relationships and not sticking to a rule book. Focus on meeting a couple of people at each event and really connecting.

 About the author: “Karen Southall Watts has been training and coaching entrepreneurs for over a decade. She teaches business courses for Bellingham Technical College.”

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