10.09.2014 Views

Successful Startup 101, Volume 1 Issue 7

In this month’s issue: 12 Tips For Achieving Massive Success In Your Life & Business, by Tyler Basu Pros and Cons of Joining a Business Accelerator Program, by Jerry Jao You Can’t Do It All, So Expand Your Leadership Circle – by Peter Economy Does Education Trump Experience When Starting a Business? – By Rieva Lesonsky Lessons for Entrepreneurs From A Navy Seal, by Martin Zwilling The Threat from Within: When Mobile Imperils Your Business Security – by Philip Whitchelo Building A Startup Empire, by Kriti Vichare 7 Sure-Fire Success Principles, by Daniel C. Steenerson 5 Free Online Tools Too Valuable to Ignore that Will Help You Grow Your Business, by Didi Zheleva Fear – The Entrepreneur’s New Fuel, by Tabitha Jean Naylor Even Small Businesses Can Have Remote Employees, by Richard Weinberger, PhD, CPA Who Advises the Entrepreneur? -by Kerrie MacPherson What Small Business Owners Should Know About Brain Health, by Andrew Greissman Special Spotlight Feature: Success in Sales and Marketing The Secret to Winning the Content Creation War, by Jeff Bullas An FBI Agent Reveals 5 Steps To Gaining Anyone’s Trust, by Shane Parrish Lead Generation: Website Best Practices, by Andy Crestodina Putting Customers at the Center of Your Business Model, by Nichole Kelly Manage Your Marketing: Remember You’re in Sales – by Margie Clayman Dear Brands, This is the End of Our Friendship. Sincerely, Your Customer – by Vincent Teo How Do You Have an Effective Social Media Presence and Not Get Sued? – by Mark Schaefer

In this month’s issue:
12 Tips For Achieving Massive Success In Your Life & Business, by Tyler Basu
Pros and Cons of Joining a Business Accelerator Program, by Jerry Jao
You Can’t Do It All, So Expand Your Leadership Circle – by Peter Economy
Does Education Trump Experience When Starting a Business? – By Rieva Lesonsky
Lessons for Entrepreneurs From A Navy Seal, by Martin Zwilling
The Threat from Within: When Mobile Imperils Your Business Security – by Philip Whitchelo
Building A Startup Empire, by Kriti Vichare
7 Sure-Fire Success Principles, by Daniel C. Steenerson
5 Free Online Tools Too Valuable to Ignore that Will Help You Grow Your Business, by Didi Zheleva
Fear – The Entrepreneur’s New Fuel, by Tabitha Jean Naylor
Even Small Businesses Can Have Remote Employees, by Richard Weinberger, PhD, CPA
Who Advises the Entrepreneur? -by Kerrie MacPherson
What Small Business Owners Should Know About Brain Health, by Andrew Greissman

Special Spotlight Feature: Success in Sales and Marketing

The Secret to Winning the Content Creation War, by Jeff Bullas
An FBI Agent Reveals 5 Steps To Gaining Anyone’s Trust, by Shane Parrish
Lead Generation: Website Best Practices, by Andy Crestodina
Putting Customers at the Center of Your Business Model, by Nichole Kelly
Manage Your Marketing: Remember You’re in Sales – by Margie Clayman
Dear Brands, This is the End of Our Friendship. Sincerely, Your Customer – by Vincent Teo
How Do You Have an Effective Social Media Presence and Not Get Sued? – by Mark Schaefer

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12 Tips For Achieving Massive Success<br />

In Your Life & Business -by Tyler Basu<br />

Pros and Cons of Joining a Business<br />

Accelerator Program -by Jerry Jao<br />

You Can’t Do It All, So Expand Your Leadership<br />

Circle -by Peter Economy<br />

Does Education Trump Experience When<br />

Starting a Business? -By Rieva Lesonsky<br />

Lessons for Entrepreneurs From A Navy<br />

Seal -by Martin Zwilling<br />

The Threat from Within- When mobile imperils<br />

Your Business Security -by Philip Whitchelo<br />

Building a <strong>Startup</strong> Empire -by Kriti Vichare<br />

The Secret to Winning the Content Creation<br />

War -by Jeff Bullas<br />

An FBI Agent Reveals 5 Steps To Gaining<br />

Anyone’s Trust -by Shane Parrish<br />

Lead Generation: Website Best Practices<br />

-by Andy Crestodina


Putting Customers at the Center of Your<br />

Business Model -by Nichole Kelly<br />

Manage Your Marketing: Remember You’re<br />

in Sales -by Margie Clayman<br />

Dear Brands, This Is The End of Our Friendship.<br />

Sincerely, Your Customer -by Vincent Teo<br />

How Do You Have an Effective Social Media<br />

Presence and Not Get Sued? -by Mark Schaefer<br />

7 Sure-Fire Success Principles<br />

-by Daniel C. Steenerson<br />

5 Free Online Tools Too Valuable to Ignore That<br />

Will Help You Growyour Business -by Didi Zheleva<br />

Fear - The enTrepreneur’s new Fuel<br />

-by Tabitha Jean Naylor<br />

Even Small Businesses Can Have Remote<br />

Employees -by Richard Weinberger, PhD, CPA<br />

Who Advises the Entrepreneur?<br />

-by Kerrie MacPherson<br />

What Small Business Owners Should Know<br />

About Brain Health -by Andrew Greissman


Organize Expenses<br />

with Ease<br />

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expense import


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12 Tips For Achieving Massive<br />

Success In Your Life &<br />

Business<br />

By Tyler Basu<br />

One of the greatest drives of all human beings is the drive to succeed – the drive to improve, to make<br />

progress. It is by making progress that we feel a sense accomplishment. After all, if we’re not getting<br />

ahead, we’re actually falling behind, and nobody likes to feel left behind. But what if you could get<br />

ahead faster? What if you could achieve all that you want and more? What if you could achieve massive<br />

success, and do it in a short period of time?<br />

Well the good news is that it can be done,<br />

and many people have done it before. There<br />

are numerous examples of individuals who<br />

have completely transformed their lives, their<br />

relationships, their health, their businesses, and<br />

their income in surprisingly short periods of time.<br />

If you want the same to happen for you, here are<br />

12 tips to help you achieve MASSIVE SUCCESS in<br />

your life and business:<br />

1<br />

Believe that it’s possible for YOU<br />

The first step towards achieving massive success<br />

is to believe that it’s possible for YOU. It’s easy to<br />

believe that achieving massive results in a short<br />

period of time is possible for others, because<br />

you can simply look at real life examples for the<br />

evidence you need to support that belief. But to<br />

believe that it’s possible for you before you’ve<br />

created the results to prove it can be a challenge.<br />

The average person believes something only


2<br />

3<br />

4<br />

when they see it. But the person who succeeds<br />

must believe in something before they see it.<br />

Your belief in yourself must come first, and it is<br />

precisely that belief that will fuel your motivation<br />

to take action.<br />

Act like the person you want to<br />

become<br />

The person that you are today is precisely the<br />

person that has created the results you are<br />

currently experiencing. Achieving new, massive<br />

results will require a personal transformation. You<br />

must begin to transform yourself into the person<br />

you want to become. You must be willing to give<br />

up the person that you are for the person that<br />

you can be. Start by visualizing how that person<br />

talks, what skills they have, what their habits are,<br />

how they handle setbacks, etc. Then start acting<br />

like that person. If you continuously act like the<br />

person you want to be, soon enough you will<br />

become them.<br />

Put your stake in the ground<br />

Putting you stake in the ground means deciding<br />

precisely what you want to achieve, how you’re<br />

going to do, and sticking to that. Don’t jump from<br />

one industry to another, or from one opportunity<br />

to another. Claim your territory – stand firmly,<br />

stand proudly. Choose one course and stay on that<br />

course until successful. Say no to all the things<br />

that take you away or distract you from your<br />

chosen course of action.<br />

Vocalize your vision<br />

Many people believe that you can “speak things into<br />

existence”. What this means is that what you put<br />

out into the world you attract back to you. Vocalizing<br />

your goals is therefore one of the most effective<br />

ways to achieve them. When you vocalize your goals,<br />

you attract people and resources that can help you<br />

with their accomplishment. A public declaration<br />

of your intentions is so much more powerful than<br />

a private commitment. When you make your<br />

intentions public, it helps to hold you accountable<br />

out of fear of not wanting others to see you fail.<br />

5<br />

6<br />

7<br />

8<br />

Refuse to tolerate negativity<br />

One of the greatest killers of success is the pull of<br />

negative people who try to hold you back from<br />

getting ahead. Whether they are your colleagues,<br />

friends, business partners, or even family<br />

members, you must severely limit the amount<br />

of time you spend with people who are negative<br />

and whose attitudes do not support your success.<br />

You must also refuse to tolerate any negativity<br />

from yourself. Monitor your thoughts and your<br />

attitudes, and when you catch yourself thinking<br />

or reacting negatively, stop yourself and re-frame<br />

your perception immediately. Refuse to tolerate<br />

complaining, blaming, and criticizing in both your<br />

personal and professional life.<br />

Have a “No Plan B” mentality<br />

Will Smith, a highly successful actor/entertainer,<br />

once said that “there is no need to have a plan<br />

B, because it distracts from plan A”. In order to<br />

achieve massive success, you must think and<br />

act as if failure is not an option. If failure is an<br />

option, or if you do have a “back up plan”, then<br />

you are more likely to give up when things get too<br />

tough. But when you have no other choice except<br />

to succeed, you force yourself to keep going<br />

even when its extremely uncomfortable. When<br />

a person’s back is against the wall, they can do<br />

amazing things.<br />

Expect turbulence before take off<br />

If you’ve ever been on a plane, you know that<br />

the take off is often more uncomfortable than<br />

the flight. The same is true of any new endeavor.<br />

When you first begin taking new actions to<br />

achieve a new goal, it is often uncomfortable<br />

in the beginning. Expecting things to be easy or<br />

comfortable right away is a recipe for failure.<br />

Embrace the discomfort of new experiences and<br />

of acquiring new skills and habits. Expect a few<br />

setbacks before take off.<br />

Go full throttle<br />

To achieve massive success, you must take massive<br />

action. A little action here and there won’t cut


9<br />

10<br />

it. In order for a plane to take off it must go full<br />

throttle. If it doesn’t go full throttle it will never<br />

lift off the ground. The same is true in life and<br />

in business. In order to “get off the ground” you<br />

must go full throttle in the beginning. Going full<br />

throttle creates momentum. You can’t afford to<br />

ease off the gas until after that momentum is<br />

created, not before.<br />

Use the language of success<br />

To become a success you must think and talk<br />

like a success. You can easily tell the difference<br />

between someone who consistently succeeds<br />

and someone who consistently fails by the<br />

language they use. The successful person says<br />

“I’m committed” while the unsuccessful person<br />

says “I’m going to give it a try and see what<br />

happens”. The successful person says “I’m going<br />

to make this better” while the unsuccessful<br />

person says “I really hope things get better”. The<br />

successful person says “I’ll figure it out” while<br />

the unsuccessful person says “I wish I knew<br />

how”. You must speak the language of success<br />

before you can expect to become one.<br />

Focus on getting better every day<br />

Another major key to achieving massive success<br />

is to focus on getting just a little better every<br />

single day. Consistent minor improvements over<br />

a long period of time have a major compounding<br />

effect. If you improve by just 1% every single day<br />

for an entire year, by the end of the year you<br />

will have improved by 3,778%. Each day, strive<br />

to become just a little bit better than you were<br />

yesterday. This simple habit will have a profound<br />

impact on your results in the long run.<br />

11<br />

12<br />

Don’t take advice from people who<br />

aren’t getting the results you want<br />

A crucial principle for achieving massive to<br />

success is to reject the advice of anyone<br />

who is not achieving the results you want.<br />

Common sense tells us that we cannot learn<br />

to do something from someone who has never<br />

done it. Make sure you get your advice from<br />

the right people, and never take advice from<br />

someone who is more messed up than you are. If<br />

your goal is to lose 10 pounds, find someone<br />

who has lost at least 10 pounds and ask them<br />

how they did. If your goal is to make $1,000,000<br />

this year, find someone who has made<br />

$1,000,000 and learn from them.<br />

Accept no excuses<br />

The final tip for achieving massive success in your<br />

life and business is to accept no excuses. Average<br />

people have a habit of letting just about any<br />

excuse stop them from achieving their goals. You<br />

can have excuses or you can have results, but<br />

you can’t have both. <strong>Successful</strong> people know<br />

that it only takes one good reason to motivate<br />

you to achieve what you want to achieve. It only<br />

takes one good reason to overcome a thousand<br />

excuses.<br />

About the Author<br />

Tyler Basu is an avid blogger, marketer, and online<br />

entrepreneur. As the Founder of http://www.<br />

chattingwithchampions.com and host of the Chatting<br />

With Champions podcast, he is committed to helping<br />

others achieve success in life and business. He is also<br />

the author of several books available on Amazon.


Trust<br />

Pros and Cons of Joining a<br />

Business Accelerator Program<br />

By Jerry Jao<br />

Joining a business accelerator program isn’t the<br />

right choice for every entrepreneur, and it doesn’t<br />

guarantee success. For a selected few, however, it<br />

provides a much-needed jumpstart towards a more<br />

promising future. My third company, Retention<br />

Science, is a graduate of MuckerLab, a mentorshipfocused<br />

accelerator based in Santa Monica,<br />

California. Here are my thoughts on the pros and<br />

cons of accelerator programs.<br />

Pros<br />

1. Curriculum and Clear Structure
<br />

Business accelerator programs typically consist of three<br />

to six months of crash courses, speaker series, and<br />

professional workshops designed to help you learn a<br />

lot in a very short period of time. Certain accelerators<br />

conclude their programs with a Demo Day, where<br />

entrepreneurs publicly debut their products to a group<br />

of peers, tech reporters, and investors. By establishing<br />

a clear schedule of classes and milestones, the program<br />

helps entrepreneurs stay focused and reinforces the<br />

need to be agile and move fast.<br />

2. Marketing and PR
<br />

You can count on your accelerator to be one of<br />

your biggest advocates to the outside world. The<br />

accelerator helps develop your marketing strategy<br />

and identify the right positioning for your products.<br />

And, when it is time, it helps you identify the proper<br />

outlets to publicly launch your company. If you’re<br />

part of a well-respected accelerator, chances are tech<br />

reporters, potential customers, and even investors<br />

will be more interested in your company news. This<br />

is why the reputation of your accelerator matters.<br />

3. Funding
<br />

Accelerators typically provide $20,000-$50,000<br />

in startup capital to each company. Different


accelerators have differing policies and funds. While<br />

funding is important, I’ve heard many entrepreneurs<br />

share this repeatedly: do not choose one accelerator<br />

over the other because it offers you $35,000 versus<br />

$25,000. Your decision should be solely based on<br />

the quality of the partners, network of mentors, and<br />

curriculum – in the grand scheme of things, a few<br />

thousand dollars will not save your company, but<br />

knowing the right contacts will.<br />

4. The Perks: Discounts, Freebies, Social Events
<br />

Each accelerator offers different perks, but examples<br />

may include free legal advice, financial planning<br />

support, access to design agencies, discounted package<br />

for web servers, social events, and many more.<br />

cons<br />

1. Company Equity
<br />

On average, accelerators require between 5–10%<br />

of company equity in exchange for all of their great<br />

benefits. This is a lot of company equity – do your<br />

research so you know for a fact that you will gain a lot<br />

of value by joining the accelerator.<br />

On a side note, I’ve heard of unique cases where<br />

accelerators take less equity than normal. For<br />

example, if a company is already far along in<br />

development (i.e., significant number of customers or<br />

users), certain accelerators might negotiate with you.<br />

It’s worth a shot.<br />

2. Unsuitable Network for Your Business
<br />

Not all accelerators are created equal. Some might<br />

not have the right network to add value to your<br />

business. For example, an accelerator may have<br />

considerable experience in building e-commerce<br />

businesses, but know little about scaling mobile apps.<br />

Quality accelerators should not offer you a spot if<br />

they know they cannot make a meaningful impact on<br />

growing your business. But, don’t just count on them<br />

to make the call. Do your research.<br />

3. Less Support Once You Graduate
<br />

While accelerators are great for launching your<br />

company, you shouldn’t expect the same level of<br />

support after you graduate from the program. It’s<br />

imperative to maximize all of the resources during<br />

the official program, because once you’re no longer<br />

working out of the shared office space, fewer<br />

opportunities will exist.<br />

4. Commitment & Risks
<br />

Joining an accelerator is a serious commitment,<br />

and it does not guarantee success. For some<br />

entrepreneurs, it sometimes means leaving family<br />

behind for a couple of months, relocating to a<br />

different city, or taking out more loans to support<br />

themselves. While the goal is to accelerate your<br />

company growth, there are still many companies<br />

that drop out of the program or fail to complete<br />

building a product that meets market demand.<br />

Keep in mind that accelerators can help you a great<br />

deal, but they do not mitigate your risks of failing.<br />

The right business accelerator program can open many<br />

doors for you, but as I was once told, we still have to<br />

“walk into those doors.” Whether or not you decide to<br />

join an accelerator, keep in mind that, at the end of the<br />

day, it’s still up to you to develop your idea, prioritize<br />

your long list of must-dos, and execute.<br />

About the Author<br />

Jerry is the co-founder and CEO of Retention Science,<br />

a leader and innovator in retention marketing.<br />

Previously, Jerry was an analyst with Morgan Stanley, an<br />

engagement manager with BearingPoint Management<br />

Consulting (KPMG Advisory) and, most recently, an<br />

advisor to the CFO of Clear Channel, working on digital<br />

initiatives such as iHeartRadio. Jerry is a graduate of<br />

UC Berkeley, where he earned a bachelor’s degree in<br />

business administration and a full-tuition scholarship<br />

as an Alumni Scholar; he also attended Yale School of


You Can’t Do It All,<br />

So Expand Your<br />

Leadership Circle<br />

By Peter Economy


know that you support them. Give your people<br />

the freedom to take chances and experiment<br />

with new ideas, and to make decisions within<br />

their areas of responsibility. Shine a spotlight<br />

on your employees by letting them take the<br />

credit for their own successes. Be sure that<br />

all managers understand the importance of<br />

sharing leadership--and reward those who<br />

delegate well.<br />

It’s far too easy to let your organization get stuck<br />

in the leader/follower rut, where you end up<br />

doing all the leading, and everyone else just<br />

follows along. Remember these five words: You<br />

can’t do it all.<br />

You hired great employees for a reason, so put all<br />

their skills to work by enlarging your leadership<br />

circle. When you encourage your employees to<br />

expand their roles in your company, you give each<br />

one of them a chance to show their creativity<br />

in different ways. The result? Better ideas and a<br />

happier, more engaged workforce.<br />

Here are some tried-and-true ways to expand<br />

your leadership circle and get the best from your<br />

people every day:<br />

Create a Supportive Environment<br />

1<br />

If you want your employees to take initiative<br />

at work (and believe me, you do), they have to<br />

2<br />

Provide All Your Employees With<br />

Leadership Training<br />

Most organizations only offer leadership training<br />

to supervisors and managers, but in order for<br />

all employees to successfully take on leadership<br />

roles, they must first be properly trained. Since<br />

not all hires have experience in leadership, it’s<br />

important to offer training to all employees.<br />

Pair experienced leaders with followers and<br />

encourage them to learn from each other and to<br />

switch roles when appropriate.<br />

3<br />

Encourage Employees to Act<br />

Every employee has the ability to make a<br />

positive impact on your organization and<br />

on your customers and clients. Show your<br />

employees that you value them and their<br />

contributions while actively encouraging<br />

them to take initiative to act and to try


new approaches to old problems. The most<br />

successful companies have figured out the<br />

importance of making their employees feel<br />

important--and they actively take steps to do it.<br />

4<br />

Throw Out the Org Chart<br />

Okay, while you might not be ready to toss your<br />

organization chart into the trash, why not stick<br />

it in a drawer and forget about it for a while?<br />

Instead of deciding who the leaders in your<br />

organization are or who they should be, let them<br />

emerge on their own. Leaders tend to lead, and<br />

you will soon know who wants to step up. You’ll<br />

also soon know which employees would prefer<br />

to let others lead. That’s okay--every organization<br />

needs leaders and followers.<br />

5<br />

Reward Leadership Behavior<br />

Taking on a leadership role can be very<br />

intimidating for many employees--especially<br />

those who have never been in a formal<br />

position of leadership before. Encourage your<br />

employees to lead by rewarding and reinforcing<br />

leadership behavior. Give raises or promotions<br />

when your people are willing to take on<br />

higher-level roles and responsibilities--or to<br />

set the bar even higher--and you will find more<br />

employees from all levels of your organization<br />

who are willing to lead.<br />

By expanding your leadership circle, you will<br />

tap into the full potential of your people and<br />

your organization. With the economy still on the<br />

mend, you need your employees’ contributions<br />

now more than ever.<br />

Like this post? If so, sign up here and<br />

always stay up to date with Peter’s latest<br />

thoughts and goings-on.<br />

About the Author<br />

While Peter Economy has spent the better part of two decades of his life slugging it<br />

out mano a mano in the management trenches, he is also the best-selling author of<br />

Managing for Dummies, The Management Bible, Leading Through Uncertainty, and<br />

more than 65 other books, with total sales in excess of two million copies. He has<br />

also served as associate editor for Leader to Leader for more than 10 years, where<br />

he has worked on projects with the likes of Jim Collins, Frances Hesselbein, Marshall<br />

Goldsmith, and many other top management and leadership thinkers. Visit him at<br />

petereconomy.com and follow him on Twitter: @bizzwriter.


Does Education Trump Experience<br />

When Starting a Business?<br />

By Rieva Lesonsky<br />

When you’re starting a business, does education<br />

or experience matter more? That’s a<br />

question that’s been debated, well, as long as I can<br />

remember—and it seems even the business owners<br />

themselves can’t agree on an answer.<br />

Does education matter more than experience when<br />

hiring employees for your small business? Apparently<br />

not. In a Manta survey earlier this year that polled<br />

nearly 1,000 small business owners, half say they hire<br />

staff who don’t have a college degree. What’s more,<br />

more than 60 percent say they see no difference<br />

in performance among employees with varying<br />

education levels. Desire, drive and the willingness to<br />

work hard matter more to the business owners in the<br />

study when it comes to choosing who to hire.<br />

But it seems small business owners don’t<br />

extend themselves the same leeway. Most<br />

entrepreneurs in the study (more than 60<br />

percent) predominantly credit their education<br />

as an important factor to their own successes<br />

as small business owners. Almost 70 percent of<br />

those polled have at least a bachelor’s degree.


It’ obvious a degree is valuable (even essential) in some fields, such as consulting<br />

or professional services. But if you want to start your own restaurant, open an<br />

auto repair shop or start a hair salon, is a college degree more crucial than<br />

real-world experience in your chosen field? Perhaps in some industries, street<br />

smarts and hands-on learning outweigh anything that can be learned in a college<br />

classroom setting.<br />

Maybe when small business owners tout the value of education, what they really<br />

mean is the ability to think things through and plan a path to growth. Entrepreneurs<br />

in the Manta study cited a strong business plan as vital to getting their businesses<br />

off to a good start. Over one-third say a business plan is the most important startup<br />

success factor—more important than capital, networking or mentorship.<br />

The role of business plans has changed in recent years. With our economy changing<br />

rapidly and disruptive businesses sprouting up, many feel the traditional business plan<br />

that looks out five or 10 years into the future is outdated. But while your business<br />

plan may not be as “etched in stone” as it used to be, I agree with the entrepreneurs<br />

Manta polled that it’s of great value.<br />

About the Author<br />

Rieva Lesonsky is CEO of GrowBiz Media, a media and custom content<br />

company focusing on small business and entrepreneurship. Email Rieva at<br />

rieva@smallbizdaily.com, follow her on Google+ and Twitter @Rieva, and<br />

visit her website SmallBizDaily.com to get the scoop on business trends<br />

and sign up for Rieva’s free TrendCast reports.


Lessons for Entrepreneurs<br />

From A Navy Seal<br />

By Martin Zwilling<br />

You have to be extra tough mentally to be an entrepreneur.<br />

While thinking about it, I realized that it’s really not that<br />

different from the toughness required and trained into<br />

America’s elite military force of Navy SEALs, who are known<br />

to be cool under fire, able to sense danger before it’s too<br />

late, and never give up on achieving their objective.<br />

I just finished a new book “The Way of the SEAL,” coauthored<br />

by Mark Divine, who spent many years with the<br />

SEALs, and has since started and built six multimilliondollar<br />

business ventures. He now teaches the key<br />

principles to business leaders through his Unbeatable<br />

Mind Academy, focusing on the following lessons and<br />

strategies, which I recommend for every entrepreneur:<br />

1. Lead from the front, so that others will want<br />

to work for you. To be an entrepreneur or a<br />

Navy SEAL, you must first have vision, focus,<br />

and the courage to step up to lead. That<br />

means visibly walking the talk and willing<br />

to clear a path for others. People want to<br />

follow leaders they can learn from, who<br />

demonstrate excellence and commitment in<br />

all they do.<br />

2. Focus on one thing until victory is achieved.<br />

SEALs call this front-sight focus, or the ability<br />

to envision your goal to the point that you<br />

see it, believe it, and make it happen. Every<br />

entrepreneur needs this kind of focus to<br />

build a minimum viable product, target the<br />

right customer segment, differentiate from<br />

competitors, and drive business growth.<br />

3. Think offense, all the time, to eradicate fear<br />

and indecisiveness. Indecision leads to doubt,<br />

then the two blend and become fear, which<br />

signals defense, resulting in being overrun<br />

in the business world, as well as the military<br />

world. Offense, for entrepreneurs, means


leading with a new business model, new<br />

marketing, and new technology.<br />

4. Never be thrown off-guard by chaotic<br />

conditions. Smash the box and think<br />

outside the box. In the world of the<br />

entrepreneur and the SEAL, chaos is<br />

the norm, not the exception. Plan for it<br />

mentally and physically, and you will see<br />

opportunities rather than problems in the<br />

chaos. Winning is finding opportunities,<br />

rather than fighting problems.<br />

5. Access your intuition so you can make<br />

“hard right” decisions. Your intuition is really<br />

your knowledge and awareness of your<br />

business environment, which must be honed<br />

with practice and focus. This knowledge<br />

is required for you to turn quickly or pivot<br />

based on new input from the market,<br />

without loss of competitive position.<br />

6. Achieve twenty times more than you<br />

think you can. Set your targets high.<br />

Nobody knows what they are truly capable<br />

of, with the right discipline, drive, and<br />

determination (three Ds). SEALs challenge<br />

themselves to find their 20x factor, and<br />

entrepreneurs should accept no less of<br />

a challenge. Leverage the resources of<br />

mentors, investors, and peers.<br />

By teaching and practicing the principles<br />

behind these six lessons, Mark Divine was<br />

able to improve the pass rate of Navy SEAL<br />

candidates from less than 30% to over 80%.<br />

I see the same potential for improving the<br />

success rate of new entrepreneurs from the<br />

current 10-year survival rate below 30%, to a<br />

new high target of 80% in this new era.<br />

Expanding...<br />

He suggests that you start with a self-assessment<br />

against the “five mountains” to be climbed on the<br />

path to self-mastery and success, with my adaptation<br />

for entrepreneurs:<br />

• Physical: business as well as technical skills<br />

required for the domain you want to<br />

enter.<br />

• Mental: ability to persevere, make<br />

decisions, focus, and visualize success.<br />

• Emotional: resilience, open to relationships,<br />

keep negative emotions under control.<br />

• Intuitional: level of awareness, listen more<br />

than speak, strong self-esteem, insightful.<br />

• Spiritual: strong values, at peace, willing to<br />

make sacrifices, see the big picture.<br />

I agree with Divine that if you desire serious change<br />

in your life, you can’t get there by focusing on what<br />

you don’t want. Becoming an entrepreneur is a great<br />

lifestyle, but it is a serious change from other career<br />

alternatives. If you decide to be an entrepreneur<br />

because you don’t want a boss, on don’t like regular<br />

business hours, you may be setting yourself up for<br />

failure.<br />

Apply the lessons from the Navy SEALs and you too<br />

can be an elite warrior who leads and succeeds in<br />

the new global business paradigm. Are you up to the<br />

challenge?<br />

About the Author<br />

I am the Founder and CEO of <strong>Startup</strong> Professionals, a company that provides services to startup<br />

founders around the world. My background includes a 30-year track record as an executive in<br />

general management, computer software development, product management, and marketing. I’m<br />

now in “give-back mode” as a mentor to startup founders, and an Angel investor. My experience<br />

with investors includes roles on the selection committee of two local Angel groups, and working<br />

from the other side of the table with several VCs in Silicon Valley. In addition to blogging, I recently<br />

released my first book titled “Do You Have What It Takes To Be An Entrepreneur?” You can contact<br />

me directly at marty@startupprofessionals.com. Feel free to Circle me on Google+.


The Threat from Within -When Mobile<br />

Imperils Your<br />

Business Security<br />

By Philip Whitchelo<br />

In today’s business world, data security is as important<br />

to small startups as it is to enormous multinationals. In<br />

the highly digitized 21s t century, a single digital<br />

document, which in reality is made up of no more than<br />

intangible zeros and ones, could represent millions of<br />

dollars worth of company assets. Unlike traditional<br />

assets, this digital data is infinitely reproducible, and at a<br />

time when more business is being conducted on mobile<br />

devices than ever before, infinitely portable.<br />

The benefits of online technologies and big data are vast<br />

and varied, and it’s nearly impossible to grasp the full<br />

extent of the online threats we’re exposed to on a daily<br />

basis. According to Fortinet in a security survey, the<br />

levels of ignorance of complex hazards is dangerously<br />

high.<br />

Whether caused by inadequate safety measures or<br />

human error, the high number of leaks and security<br />

breaches reported in the news can make us wonder just<br />

how vulnerable our data really is. The evolution of cloud<br />

computing and the boom in tablet and smart phone<br />

sales leaves little room for doubt: the remote access<br />

phenomenon is moving ahead full steam.<br />

The access of data<br />

anywhere from any<br />

device or platform<br />

poses a very challenging<br />

security environment for<br />

organizations,” says Bala<br />

Venkat, chief marketing<br />

officer at Cenzik, a security<br />

solutions provider.<br />

“The access of data anywhere from any device or<br />

platform poses a very challenging security environment<br />

for organizations,” says Bala Venkat, chief marketing<br />

officer at Cenzik, a security solutions provider. “BYOD<br />

[Bring Your Own Device] further complicates the matter<br />

[by] driving companies to develop air tight security<br />

policies. Mobile security has thus become an urgent<br />

mandate on every company’s technology roadmap.”<br />

This now poses the question: What should businesses<br />

take into account? Here are data security concerns to<br />

consider as businesses shift away from in-house office<br />

computing to “business on the go.”


1<br />

Mobile Device Loss<br />

One of the biggest concerns for businesses is data stored on devices<br />

that could potentially get lost or stolen. Fingerprint scanners,<br />

passwords, and swipe patterns may keep small time burglars away, but<br />

more experienced hackers can bypass these measures.<br />

Doug Herman, managing director of the eDiscovery and Digital<br />

Forensics Practice of UHY Advisors FLVS Inc., acknowledges that<br />

“settings certainly make a difference in how easy it is for a person<br />

with malicious intent to access data. Enabling the requirement for a<br />

password or fingerprint scan to access the phone goes a long way;<br />

however, for someone that really, really wants access to the phone,<br />

virtually no ‘set’ of settings will help.”<br />

According to Herman, some companies have implemented measures<br />

for that exact situation. He says, “An organization may require that a<br />

management application be installed on the phone, which forces the<br />

use of a strong password to access data. They may reserve the right to<br />

remotely ‘wipe’ the phone of all data (company and personal), should it<br />

be reported as lost or stolen”


Applications and Cloud Accounts<br />

With dozens of applications with access to information, both personal and work<br />

related, gathered on your mobile device, users quickly lose sight of how much<br />

data is actually exposed.<br />

“Storing unencrypted sensitive data on mobile devices is a significant cause for<br />

concern, but the often unsecured Web services commonly associated with mobile<br />

applications can pose an even bigger risk,” says Venkat.<br />

2<br />

A recently published survey on Web application security by Vanderbilt University<br />

suggests that 49 percent of applications online are unsafe. As a backup<br />

precaution, most remote device users automatically sync files to private cloud<br />

accounts like Dropbox or Google Drive. And according to Fortinet, 70 percent of<br />

employees worldwide use their personal cloud account for work purposes.<br />

Peter Martini, cofounder and COO of network security solutions provider iboss<br />

Network Security, explains that issues with private cloud service accounts can<br />

easily arise through lack of sufficient knowledge. “A rising threat to businesses<br />

is the ‘shadow IT,’” he says. “This is an industry term for when users use an<br />

unapproved SaaS account to share files with customers. The employee does so<br />

without malice and unintentionally violates company policy. The company data is<br />

now stored in this rouge SaaS account, which can lead to a compliance violation<br />

or potential data loss.”<br />

It is called the public cloud for a reason. When storing files online, users believe<br />

access to be restricted, which is not necessarily the case. If you want to share<br />

confidential information you need to make sure to encrypt your data, which isn’t a<br />

feature open services usually provide.


Network/Connectivity<br />

When on business trips, free WiFi might seem like the perfect cost-saving<br />

alternative to paying scandalous roaming fees. It does, however, pose a<br />

threat.<br />

3<br />

“Public WiFi hotspots at places like coffee shops and airports are<br />

notoriously dangerous for mobile users,” says Sunday Yokubaitis,<br />

president of Golden Frog, an online services provider. “Any business that<br />

has employees who work remotely at these types of locations should<br />

install a personal VPN service on their employees’ mobile devices. A<br />

VPN will encrypt the Internet connection so business tasks like email<br />

communication, data transfers, and web browsing are kept private and<br />

secure.”<br />

Peter Martini shares Yokubaitis’ concerns. “If accessing data remotely,<br />

businesses should ensure that employees are doing so through an<br />

encrypted VPN or through a company portal that is secured through SSL<br />

requiring a login where employees can access files,” he says. “Another<br />

alternative is utilizing SaaS services where companies can upload<br />

documents. This approach requires almost no investment into the business<br />

nfrastructure.”


Data Management<br />

According to a recent survey by security technology solutions provider<br />

Lookout, 90 percent of businesses allow employees to bring their own<br />

devices to work (BYOD), “yet only half of these companies require<br />

employees to enroll in a security program as a prerequisite for BYOD<br />

use,” reveals consumer safety advocate Jenny Roy.<br />

4<br />

Unless employees rigorously ensure that personal and businesses<br />

devices are kept separate, personal and business information will<br />

eventually blend. Doug Herman points out that on mobile devices,<br />

managing data works differently than on computers. “The functionality<br />

doesn’t exist to segment information as easily,” he says. “Take text<br />

messaging as an example – the mobile device likely only has one<br />

application that allows for the send/receipt of texts. If you’re texting<br />

both friends/family as well as coworkers, those messages will be<br />

commingled together.”<br />

For Peter Martini, the most effective way to separate company from<br />

personal data is to use a Mobile Device Management (MDM) or<br />

Mobile Application Management solution. “These technologies allow<br />

businesses to create a ‘lock box’ app where employees can access<br />

business documents on a device. Essentially, it presents itself as an APP<br />

on the device and, when accessed, company documents are available.<br />

The same features are available for company email. The data is actually<br />

stored in the cloud and not on the device,” he explains.<br />

Sunday Yokubaitis suggests, “Use different applications for work and<br />

personal stuff. For example, Dropbox might be just fine for storing<br />

personal photos, but you might want to choose a completely different<br />

and more secure service for storing work-related files.”


All facts considered, industry experts advise businesses to extend security measures beyond their<br />

own database and in-house network and consider the hazards posed by mobile devices. It is also<br />

important that businesses invest in training staff. A small investment in time and resources will<br />

help safeguard against potential data leaks and crises. Safe browsing and data handling is a skill<br />

that can be learned, and it will become increasingly vital that your employees have a hold on<br />

these skills.<br />

About the Author<br />

Philip Whitchelo is vice president of strategy at Intralinks, dealing in areas such as product development<br />

and business planning across Europe, the Middle East, and Pacific Asia. Connect with me on<br />

Facebook, Twitter and LinkedIn.


Building a <strong>Startup</strong><br />

Empire<br />

By Kriti Vichare


“Rome wasn’t built in a day<br />

either...”<br />

I first saw this unapologetic declaration<br />

on a billboard sign on a highway that is<br />

perennially under construction. And it always<br />

reminds me that startups have to be treated<br />

the same way.<br />

Entrepreneurs and wantrepreneurs approach<br />

creating a startup empire differently. Firstly,<br />

what’s a wantrepreneur? They are the eager<br />

beavers who may look, act, and seem like<br />

entrepreneurs - but all without owning an<br />

actual business!<br />

Let’s examine the wantrepreneur scenario<br />

when building a startup empire:<br />

1. This is the one…the idea of the<br />

century!” Wantrepreneurs rarely focus<br />

on the problem to solve.<br />

2. “Oooooh features! I love features!”<br />

Wantrepreneurs don’t create a<br />

foundation and work incrementally,<br />

but instead fast forward and jump in<br />

the deep end before learning to swim.<br />

3. “I’ll just whip together the business<br />

in no time!” Wantrepreneurs always<br />

underestimate the time it takes to<br />

grow a business.<br />

4. “If you build it they will come.”<br />

Wantrepreneurs believe the only thing<br />

stopping them from customers, is the<br />

lack of product.<br />

5. “Money… I’ll figure it out later.”<br />

Wantrepreneurs severely minimize the<br />

needed funding for their projects.<br />

To build an empire you need a foundation,<br />

vision, support, and patience. Serial<br />

entrepreneurs know this; it is second nature<br />

to them. As they move with tremendous<br />

speed, they know they have to learn to<br />

walk before they run. A scalable, repeatable<br />

business model is necessary before<br />

expanding too big or out of reach.<br />

About the Creator<br />

This comic was created by Kriti Vichare and Shivraj Vichare. It was<br />

inspired by the ironies they have seen and have experienced in their small<br />

business ventures. You can find their comics on www.entrepreneurfail.<br />

com. They are the creators of the book Cheating on your Corporate Job: A<br />

Comic Look at the <strong>Startup</strong> Dream.


Special Spotlight Feature:<br />

Success in Sales and Marketing


The Secret to Winning the Content<br />

Creation War<br />

By Jeff Bullas<br />

We are in a content creation arms race.<br />

Brands have realised that creating content is now your best weapon of choice to<br />

rank high in Google, engage with your customers and be a thought leader in your<br />

industry. So writers are the new digital age hired guns and given instructions to<br />

crank it out. Blog posts are published, ebooks are written and whitepapers are<br />

whipped together.<br />

The problem is that we end up with written drivel that is so bland that I want to to<br />

throw up! It has no character, is written for key search engine phrases that dominate<br />

the headline and the text. We see posts with no personality or humanity.<br />

Just algorithmic awfulness.


Has Google created a<br />

monster?<br />

This content creation strategy threatens to turn<br />

our minds to mush, our thoughts to self harm<br />

and make us fall asleep at the screen. Part of the<br />

reason this is happening is that Google has rolled<br />

out changes to its algorithm. It is rewarding<br />

unique content above keyword stuffed SEO laden<br />

text articles on corporate websites and blogs.<br />

This is driving corporate marketing tactics that are<br />

about SEO and not about contagious writing. SEO<br />

should be in the mix but it should not dominate.<br />

Will we end up with<br />

articles written by robots?<br />

Is this the future?<br />

In a recent article on Wired they reported a<br />

news story written by “Narrative Science”. This<br />

isn’t a person but a computer that writes news<br />

stories. Here is the piece.<br />

“Friona fell 10-8 to Boys Ranch in five innings on<br />

Monday at Friona despite racking up seven hits<br />

and eight runs. Friona was led by a flawless day at<br />

the dish by Hunter Sundre, who went 2-2 against<br />

Boys Ranch pitching. Sundre singled in the third<br />

inning and tripled in the fourth inning … Friona<br />

piled up the steals, swiping eight bags in all … ”<br />

It doesn’t read like a computer wrote it. Kristian<br />

Hammond the co-founder of Narrative science<br />

is predicting that within 15 years that more than<br />

90% of news could be written by a robot!<br />

Now the technology behind narrative is cool<br />

but it isn’t the future for bloggers and content<br />

marketers. The future is the art of creating<br />

content that is memorable, creative and<br />

contagious…Oh yes, begs to be shared!<br />

How do you do that?<br />

Tips for winning at content creation<br />

Despite that glimpse into what is happening now and what could happen in 15 years, here are some tips<br />

to make your articles zing and zang.<br />

1. Create an opening line that pops<br />

This is easy to say but sometimes hard to do. But have a go. You are not going to do this every<br />

time but think hard about that opening line.<br />

2. Use facts that surprise<br />

I remember stumbling upon the fact that Snapchat was offered $3 billion in cash by Facebook.<br />

Then and there I decided it had to be woven into a blog post.<br />

Sometimes they even get corralled out of the post and tweeted!!


3. Insert insights that are not obvious<br />

Have you ever read an article and everything seem regurgitated. You thought “nothing new here“..<br />

moving on. Insights within and industry or niche come from persistent reading and the blood<br />

sweat and tears of creation and expression.<br />

One that dawned upon my consciousness, was that your owned online properties should be<br />

treated as assets. Just like a car or a bricks and mortar building.<br />

Here is another one.<br />

4. Make up a creative subtitle<br />

We often play safe so that often means boring. Make your sub-titles interesting. Put on your<br />

inspiration pants.<br />

If it gets tweeted you know you might be on to something!<br />

5. Use rhythm in your writing<br />

Write long sentences and short. Writing has rhythm and it adds to the interest. Sentences can be<br />

two words.<br />

Try it.<br />

6. Break the rules<br />

Your writing teacher may have told you to get to the point. One of my favourite magazine writers<br />

is Top Gear’s Jeremy Clarkson. He breaks this rule in almost every article. I counted the words in<br />

his intro before he got to the point. 1,000 words….but it works.<br />

They also may have told you other rules that are often constraining. Formal and proper is what<br />

the English teacher taught you. Now people expect a more casual style of writing.<br />

Writing how you speak or “conversational writing” is needed on a social web.


8. Develop a voice that is original<br />

Finding your writing voice is a journey. At first you will copy, then curate and finally you will create<br />

and weave your own unique voice. Push your boundaries.<br />

9. Include visuals in your articles<br />

The age of text, text and more text is over. We live on a visual web that demands multi-media and<br />

images.<br />

10. Use statistics that are mind blowing<br />

Whenever you come across some statistics that grab your attention, think how you could use that<br />

in blog posts or articles. If it grabs your attention then it will most likely have a similar impact on<br />

your readers.<br />

Put it in the opening paragraph.<br />

11. Write a title that is not ordinary<br />

I remember driving along one day and had an inane idea about a blog post topic. It was “10<br />

Reasons Why Ducks Just Don’t Get Social Media”. I stopped the car and wrote it down with a few<br />

relevant points. It took me a few weeks to be brave enough to publish.<br />

Guess what? It worked.<br />

Don’t be afraid to push your comfort zone.<br />

12. Ask an unlikely question<br />

Pose a question that is unexpected. Here is one that resonated for me ”Are brands out publishing<br />

traditional media companies?”<br />

If the title gets repurposed you know you hit a home run.


13. Use stories<br />

Don’t forget to include stories. That is what makes us human. Robot writers struggle with that.<br />

14. Practice, practice, practice<br />

Creating memorable, insightful and contagious content comes from the mundane. The art and<br />

graft of just sitting down to do the work. So practice and practice some more.<br />

The inspiration will show up!<br />

So what is the secret?<br />

Be human. We are innately creative. Humanity mixed with technology equals magic!<br />

What other tips can you add to winning in the content creation arms race? Look forward to your<br />

insights and stories in the comments below.<br />

Listen to this post as a Podcast<br />

Want to learn how to make<br />

your blog and content a<br />

success with social media<br />

marketing?<br />

My book – “Blogging the Smart Way – How<br />

to Create and Market a Killer Blog with Social<br />

Media” – will show you how.<br />

It is now available to download. I show you how to<br />

create and build a blog that rocks and grow tribes,<br />

fans and followers on social networks such as<br />

Twitter and Facebook. It also includes dozens of tips<br />

to create contagious content that begs to be shared<br />

and tempts people to link to your website and blog.<br />

I also reveal the tactics I used to grow my Twitter<br />

followers to over 185,000.<br />

Download and read it now.<br />

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Trust<br />

An FBI Agent Reveals 5 Steps<br />

To Gaining Anyone’s Trust<br />

By Shane Parrish<br />

I had an opportunity to ask Robin Dreeke a few<br />

questions. Robin is in charge of the Federal<br />

Bureau of Investigation’s elite Counterintelligence<br />

Behavioral Analysis Program and the author of It’s<br />

Not All About Me.<br />

Robin combines science and years of work in the<br />

field to offer practical tips to build rapport and<br />

establish trust. In this brief interview he discusses<br />

building relationships, how to approach someone<br />

you don’t know and ask for a favor, and the keys to<br />

establishing trust.<br />

A lot of people are interested in<br />

strengthening and furthering<br />

relationships. How can people do this?<br />

This is the most important aspect of<br />

everything we do in life. I’m going to give<br />

some light science behind each of my<br />

answers but to me it just explains the<br />

subjective simple explanations behind<br />

naturally great trusting relationships.<br />

Both anecdotal (evidence) as well<br />

as science supports the fact that the


trust. For me and what I teach I start with<br />

what I said in question one. Trust first<br />

starts with a relationship where the other<br />

person’s brain is rewarding them for the<br />

engagement with you by doing what I<br />

outlined above.<br />

greatest happiness is found in positive<br />

social interactions and relationships.<br />

The simplest answer to this is to “make<br />

it all about them.” Our brain rewards us<br />

chemically when we are able to talk and<br />

share our own views, priorities, and goals<br />

with others… long term, short term, etc.<br />

Our brain also rewards us when we are<br />

unconditionally accepted for who we are<br />

as a human being without judgement.<br />

Both of these concepts are genetically<br />

coded in each of us (to varying degrees)<br />

because of our ancient survival instincts<br />

(ego-centrism) as well as our need to<br />

belong to groups or a tribe (tribal mentality<br />

for survival and resources). When you put<br />

these simple concepts together the answer<br />

is simple to understand, but oftentimes<br />

difficult to execute…. Speak in terms of the<br />

other person’s interests and priorities and<br />

then validate them, their choices, and who<br />

they are non-judgmentally. Some people<br />

do this naturally, for the rest of us you can<br />

build this skill and it eventually becomes<br />

second nature.<br />

Trust is a foundation to most situations<br />

in life. How can we develop trust? What<br />

are the keys?<br />

I can only answer from my own<br />

background and experience because trust<br />

is a very difficult thing to measure and<br />

define and each individual’s definition can<br />

vary and our brain takes in much more<br />

than verbal information when determining<br />

Part two of my trust process is to<br />

understand the other person’s goals and<br />

keeping their goals and priorities on the<br />

top of my list of goals and priorities. By<br />

making the other person’s goals and<br />

priorities yours, trust will develop. Over<br />

time (some people faster than others)<br />

a need to reciprocate the kindness and<br />

relationship will build. In other words, trust<br />

is built faster and stronger when there is<br />

no personal agenda.<br />

What’s the best way to approach<br />

someone you don’t know and ask them<br />

for a favor?<br />

Using sympathy and seeking help is always<br />

the best. If you can wrap the help / favor<br />

you are looking for around a priority and<br />

interest of the individual you are engaging,<br />

the odds of success increase. Add social<br />

proof (i.e., others around you helping<br />

already or signed a petition etc.) and you<br />

increase it even more. Again, focus on<br />

how you can ask a favor while getting their<br />

brain to reward them for doing so.<br />

What are some strategies to<br />

build rapport while giving a talk,<br />

presentation, or interview?<br />

Ego Suspension / self-deprecating humor…<br />

Make it all about them! How is the<br />

information you are chatting about going<br />

to benefit them? Talk about the great<br />

strengths and skills they each have already<br />

and that all you hope to do is to have them<br />

understand their strengths even better and<br />

be able to pass them on to others more<br />

effectively if they want to. Validate every<br />

question and opinion non-judgmentally.<br />

If you don’t happen to agree, simply ask<br />

“that’s a fascinating / insightful/ thoughtful


opinion… would you mind helping me<br />

understand how you came up with it?”<br />

Again, their brain will reward them on<br />

multiple levels for this.<br />

I suspect you spend a lot of time trying<br />

to figure out if people are manipulating<br />

you or the situation? Can you talk about<br />

this? How can you tell when people are<br />

attempting to manipulate you?<br />

I’ll start by saying I don’t like the word<br />

manipulate. The word tends to objectify<br />

people and removes the human being<br />

from the equation. When people feel they<br />

are objects, trust will not be built. I tend to<br />

not think of anyone trying to manipulate<br />

me but at times a very self-serving<br />

agenda becomes evident. This is what<br />

manipulation generally is…. a self-serving<br />

agenda where the other person feels<br />

used with no reciprocity. When I notice<br />

that there may be an overabundance<br />

of a self-serving agenda (manipulation)<br />

I don’t judge the person negatively.<br />

I try to explore two areas in order to<br />

understand them better. (go back to my<br />

first answers here… this process begins<br />

to build a relationship and trust :)) I try<br />

to understand what their objective is and<br />

why that is their objective. What are they<br />

trying to achieve, etc. I will also attempt to<br />

understand why they felt a certain way of<br />

communicating with me would be effective<br />

for them in the situation. I tend to ask<br />

questions to help them think about how<br />

they might be more successful in their<br />

objectives using other methods… such<br />

as I outlined above. In other words, help<br />

them achieve whatever objective with<br />

me they had…. because wasn’t that their<br />

goal after all? :) See… keep it always<br />

coming back to them.<br />

If you had to give a crash course in<br />

building a relationship with someone,<br />

what are the top 5 things people need to<br />

do? What carries the bulk of the freight<br />

so-to-speak?<br />

1) Learn… about their priorities, goals,<br />

and objectives.
<br />

2) Place… theirs ahead of yours
<br />

3) Allow them to talk…. suspend your<br />

own need to talk.
<br />

4) Seek their thoughts and opinions.
<br />

5) Ego suspension!!! Validate them<br />

unconditionally and non-judgmentally<br />

for who they are as a human being.<br />

If you haven’t already, check out Robin’s<br />

Ten Techniques for Building Quick Rapport With<br />

Anyone.<br />

About the Author<br />

Farnam Street is written by Shane Parrish. You can find me on twitter and linkedin.<br />

I don’t really have an editorial style but content tends to focus on the causes of human misjudgement, culture,<br />

philosophy, and various other subjects to feed a curious mind.<br />

When I’m not reading, I help organizations innovate and make better decisions. I can’t work with everyone, but<br />

I’m always looking for clients with difficult problems. If that’s you, we should talk.


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Lead Generation:<br />

Website Best<br />

Practices<br />

Andy Crestodina<br />

It happens every day. It’s common, but it’s not simple. There are dozens of little factors<br />

involved in lead generation. Some do it well, but most don’t. The difference is in the site.<br />

A lead generation website has a specific set of pages, each with specific elements.


A visitor takes action, a contact form is submitted, a lead is born!<br />

It happens every day. It’s common, but it’s not simple. There are dozens of little factors involved<br />

in lead generation. Some do it well, but most don’t. The difference is in the site. A lead generation<br />

website has a specific set of pages, each with specific elements.<br />

Let’s break it down.<br />

The typical flow looks something like this.<br />

The website is gently leading the person through<br />

a series of steps: awareness, interest, trust, then<br />

action. That’s a classic “conversion funnel.” Notice<br />

how the pages align with steps in the funnel:<br />

A. Blog Post: attracts visitors with useful information<br />

(awareness)<br />

B. Web Page: explains what you do (interest)<br />

D. Contact Page: simple way to get in touch (action)<br />

E. Thank You Page: they’ve completed the funnel and<br />

are now a lead (conversion)<br />

This only works if each page in the process is built for<br />

the purpose. Each page needs a set of elements that<br />

keeps the process moving. Here is a breakdown of<br />

the pages on lead generation websites.<br />

C. About Page: explains why you do what you do (trust)


A. Blog Post: How Can I Help You?<br />

It all starts before the visitor arrives at the website. They may come from email marketing or social media,<br />

but often, it starts with a search.<br />

Your audience is constantly looking for information relevant to your field, so the key is to write many helpful<br />

blog posts and align the articles with keyphrases. The articles should be so useful that the readers will be glad<br />

to have found you.<br />

While they’re there, they will find easy ways to get more of your helpful advice through email marketing (a<br />

prominent sign-up form), social media (icons let them follow you), or more content (internal links to related<br />

content).<br />

A great blog post is the first step in the lead generation process. It should include all of the following elements.


Don’t send people to a dead network. You don’t really<br />

want people to leave your site, but if they do, send<br />

them to go to a network where you are truly engaged<br />

with your audience.<br />

1. Keyword-focused header<br />

Use the target keyphrase once in the header.<br />

Along with the , this is one of the most<br />

important places to use the phrase.<br />

2. Prominent email signup box with descriptive<br />

call to action<br />

A great email sign-up form tells people what<br />

they’re going to get and gives some evidence that<br />

it’s good.<br />

3. Social media networks, but only those where<br />

you are truly active<br />

Don’t send people to a dead network. You don’t<br />

really want people to leave your site, but if they<br />

do, send them to go to a network where you are<br />

truly engaged with your audience.<br />

4. Compelling image or chart<br />

Every great post has a great image. This makes<br />

the post more attractive, both on your site and<br />

in the social streams when it gets shared. This<br />

is your chance to explain concepts visually with<br />

informative charts or diagrams. It’s also your<br />

chance to use cat pictures.<br />

5. Helpful, detailed article<br />

It’s the deep, how-to content that positions you<br />

as the expert. These posts are also more likely to<br />

rank in search engines and get shared by readers.<br />

So go big. The more useful, the better.<br />

Tip: Don’t limit yourself to a certain length.<br />

Use as many words as necessary to share the<br />

advice and no more.<br />

6. Links to services pages and your about page<br />

It’s nice of you to give away your best advice, but<br />

it’s hard work, and it doesn’t necessarily generate<br />

leads. The pathway from posts to pages should be<br />

clear in the navigation.<br />

7. Internal links to other blog posts and service<br />

pages<br />

Beyond the navigation, use internal links within<br />

your posts to guide visitors deeper into the site,<br />

both to other blog posts and to service pages.<br />

8. Call-to-action for comments, more<br />

information<br />

Many visitors may get what they wanted from your<br />

super friendly post and then leave. To improve the<br />

chances that they’ll stick around, end each post with<br />

an invitation to get in touch for more information (link<br />

to your contact form) or with a question that invites a<br />

comment (see example below!).<br />

What’s not here: Clutter.<br />

Don’t show links to old archives, big buttons<br />

for various downloads, or special offers. Don’t<br />

put banner ads for your own business on your<br />

website. They’re ugly and distracting.


B. Service Page: Simply What You Do<br />

Here’s where you begin selling. Like the blog post, information here is helpful, but now it describes how you do the work<br />

for the prospect. The goal is to state the value you provide in simple terms, and provide evidence that you are legitimate.<br />

These pages must build confidence by giving proof. That may be through examples and data. Testimonials are an<br />

excellent way to provide social proof by using the voice of current customers. Service pages need this kind of evidence.<br />

9. Contact link or phone number<br />

The top right corner is the standard place for contact<br />

information. Visitors will look for it here. Use either a<br />

button to your contact page, your phone number, or both.<br />

10. Clear, simple description of services<br />

It’s best to call your services what your visitors would<br />

call them. Keep the language simple in your headers<br />

and in the body. Make sure to answer the questions<br />

that potential customers commonly ask. If you don’t,<br />

they may look for answers on other websites.<br />

11. Evidence, examples, data and social proof<br />

Anyone can claim to do something, but not everyone<br />

can prove it. Add evidence of the benefits and return on<br />

investment for your services. This may include examples,<br />

statistics and research. Better yet, add social proof in the form<br />

of testimonials, using the voice of your happy customers.<br />

12. Videos, demos and diagrams<br />

If you offer a service that requires a high-degree of trust,<br />

videos are an excellent way to improve lead generation.<br />

They let the visitor see your face and hear your voice.<br />

If you offer a service that is difficult to explain, use<br />

diagrams and demos to explain those complex ideas.<br />

13. Internal links to related services and case<br />

studies<br />

As with blog posts, add links within the body to other<br />

services or case studies. Unless you have an extremely<br />

relevant blog post, you probably shouldn’t send them<br />

back into the blog.<br />

14. Calls-to-action<br />

Services pages can either be a dead end, or they can<br />

have a quick, friendly call to action, such as “Contact us<br />

for more information about (service).”<br />

What’s not here: Secondary conversions<br />

Email signup and social media networks have been<br />

removed, or at least they aren’t as prominent, since<br />

you don’t want these actions to compete with the<br />

more valuable call to action.


C. About Page: Building Trust<br />

Visitors want to know who they might be working with. That’s why the “About” page is one of the most popular<br />

pages on every lead generation website. Here is where you put a face to the name, tell your story, and explain<br />

your mission. In the words of Teddy Roosevelt,<br />

“Nobody cares how much you know, until they know how much you care.”<br />

Connecting the service to the people is critical, even if the organization is large and only the executives are listed<br />

here. Visitors who are interested in the service are always interested in the service provider.<br />

15. Personality, values and your story<br />

Here you’ll answer the big questions: why are you in<br />

this business? How long have you been doing this.<br />

What motivates your team? Why does this service<br />

matter?<br />

You are the only one with your story, so make this a<br />

page that sets you apart. You are the only company<br />

with your people, so feature them prominently.<br />

16. Testimonials, quotes and awards<br />

Just like the service pages, this is a good place to<br />

add evidence of legitimacy. Anything that applies<br />

to the entire business and not just one service will<br />

work. That includes awards, certifications, ratings,<br />

and association memberships, as well as quotes from<br />

customers.<br />

17. Social media networks or email signup form<br />

This page builds trust, so it’s also a good place to<br />

let people act. Give them a chance to follow and<br />

subscribe.<br />

18. Pictures of key team members with links to<br />

detailed profile pages<br />

Don’t be a faceless corporation. Be a person. Show<br />

the faces of your entire team if you’re small and your<br />

key leadership if you’re big.<br />

What’s not here: Everyone’s full profile<br />

Link to a separate page for each team member.<br />

These pages will show more personality. They may<br />

also rank for each person’s name.


D. Contact Page: Where the Magic Happens<br />

The trick here is to get out of the way. It should be as effortless as possible with no distraction. Just a simple<br />

form. The idea is to start a conversation, not interrogate your visitors.<br />

19. Simple contact form<br />

This is one of the best tips for optimizing a website to<br />

convert visitors into leads: use a contact form with the<br />

minimum number of fields. Of course, you’ll need a lot<br />

of information to qualify them, but get it during the<br />

sales process. Don’t use a greedy form.<br />

20. Phone number, address, and directions<br />

Not all visitors want to become a web lead. Some<br />

want to call. Great. Put all of your contact information<br />

on this page, including a link to a map with directions.<br />

And If you have an attractive location, show a photo of<br />

it here. It helps build legitimacy.<br />

What’s not here: Content, navigation, distractions<br />

They’re close to the goal, so to keep them moving,<br />

remove everything but the form. This page doesn’t<br />

need any more content! Even the navigation should<br />

be kept to a minimum.


E. Thank You Page: Mission Accomplished<br />

On many lead gen sites, this page is nothing more than two tiny words. That’s a missed opportunity. The thank<br />

you page is your first interaction with your new lead. Make it a good one by setting expectations. You’ve also<br />

got an opportunity here to create an even stronger connection.<br />

21. A genuine thank you<br />

Be sincere and use a personal tone. You should also<br />

explain what happens next. How soon will you be in<br />

touch? Who will make contact?<br />

22. Email sign-up box<br />

If they were ready to reach out, they may already really like<br />

you and your brand. Give them the option to subscribe for<br />

more of the content that impressed them the first time.<br />

23. Social media networks<br />

Even if they don’t follow you, there’s still a chance to show<br />

them your latest thinking, to show them a bit of your<br />

personality. Just make sure they’ll find helpful, relevant<br />

posts and positive interactions in your social streams.<br />

24. Links to recommended articles and additional<br />

content<br />

If you don’t offer other options on this page, you<br />

might as well tell people to leave the site. Why not<br />

invite them back into your site for a bit more helpful<br />

advice?<br />

What’s not here: Two lonely little words –<br />

thank you.<br />

It’s the little things…<br />

Yes, lead generation is a bit more complicated than this. Visitors don’t necessarily follow that flow. It may take many<br />

visits and pageviews over a long timeframe.<br />

Leads happen. But put these tips in place on your site, and you may feel the difference. Get your website to do this<br />

well, and the leads will flow in.<br />

How’s your website? Are you using all 24 best practices? Did we miss anything? We’d be grateful for any feedback or comments!<br />

About the Author<br />

Andy Crestodina is the Strategic Director of Orbit Media. He’s also the author of Content Chemistry: An Illustrated Guide to Content<br />

Marketing. You can find Andy on Google+ and Twitter.


Putting Customers at the Center<br />

of Your Business Model<br />

By Nichole Kelly<br />

Companies are starting to recognize that customer<br />

experience is an important element for having<br />

a differentiated brand. Social media has forced<br />

companies to take customer experience seriously as<br />

customers have taken to their social networks to tell<br />

their negative stories with passion and a virality that<br />

has been unmatched in other channels. However, the<br />

reality is that there is a lot of lip service about putting<br />

the customer at the center and making customer<br />

service improvements. At the end of the day, this<br />

transformation requires a change in culture, which<br />

leaves companies dealing with massive amounts of<br />

politics and inherent human capital challenges.<br />

This post was inspired by a truly incredible<br />

experience I recently had at Royal Taj, an amazing<br />

Indian restaurant in Columbia, Maryland. I went to<br />

Royal Taj the week they opened when there were<br />

few patrons and I’ve watched the restaurant grow<br />

over the last few years. I’ve been so impressed to<br />

watch it turn into a hot spot with lines out the door<br />

during peak restaurant times. My recent experience<br />

made me stop and question the differences between<br />

my experience there and my experiences at other<br />

restaurants, and honestly with other businesses. Here<br />

are the key ingredients I believe led to their success.<br />

Each of these ingredients are relevant to every<br />

business that wants to drive their companies’ success<br />

with a customer-centric approach.<br />

THEY PROVIDE AN EXCEPTIONAL<br />

PRODUCT<br />

The best customer experience won’t matter if the<br />

product isn’t good. Royal Taj, by far, has the best Indian


food in the area. The best way to describe their food<br />

is that well…it’s perfect. The flavors are bold and you<br />

can get your food spicy or mild to ensure it meets your<br />

palettes desires. As a connoisseur of ethnic cuisine,<br />

one of the best tests is whether or not they can attract<br />

patrons from the culture. On numerous occasions,<br />

I’ve watched as their Indian patrons talk about how<br />

amazing and authentic their food is. I’ve watched as<br />

friends recommend Royal Taj to other friends telling<br />

them they have to go because it is the absolute best<br />

Indian food.<br />

The first step for companies to begin putting<br />

their customers at the center of their business<br />

model is to ensure their product is top notch. Your<br />

products need to speak for themselves and leave an<br />

impression that people want to share with friends.<br />

THEY KNOW THEIR CUSTOMERS<br />

BY NAME<br />

Royal Raj is owned and managed by Bindha, Soni<br />

and Jasvinder Singh. Every time I’ve been to Royal<br />

Taj, I’m greeted by Bindha with a big hug welcoming<br />

us back. I’ve watched Bindha work the room and he<br />

has an innate ability to make every customer feel like<br />

they are the most important customer in the room.<br />

He asks questions about your family, who you are,<br />

what you do and then he remembers it the next time<br />

you come. As a person who is awful with names, I’m<br />

amazed that he can keep all the customer’s personal<br />

stories straight. Bindha goes above and beyond<br />

at every turn. When I was there last weekend, it<br />

was raining. I watched Bindha walking customers<br />

to their cars with an oversized umbrella to make<br />

sure they didn’t get wet. As I watched Bindha with<br />

his customers, it’s clear he truly cares about their<br />

experience and their lives. He makes you feel like<br />

you have a close friend at Royal Taj, so why would<br />

you choose anywhere else to enjoy an evening out?<br />

Frankly, you wouldn’t. You want to go back to say<br />

hello to Bindha.<br />

This can be a challenge for large companies with<br />

thousands or millions of customers, but it’s not<br />

impossible. It just requires really good record<br />

keeping inside the CRM. Every customer service or<br />

sales representative has the ability to take notes<br />

on more than just the issue the customer is trying<br />

to solve. They can take notes on the conversation<br />

and take the time to get to know more about the<br />

customer.<br />

This will require that your company doesn’t measure<br />

your front line employees on how quickly they can<br />

get a customer off the phone. Instead, we should be<br />

measuring how much intelligence they can gather<br />

about the customer in the short-time they have with<br />

them. True customer intelligence goes beyond their<br />

experience with your product experience. It should<br />

also include who they are buying the product for<br />

and what they can learn about their preferences and<br />

their lives in the process.<br />

The more we know about our customers, the better<br />

we can be at predicting their needs and building<br />

relationships. When at all possible, customers should<br />

be able to talk to the same person they have formed<br />

a relationship with for continuity in their experience.<br />

Customer service and sales representatives should<br />

have enough information to be able to ask, “How<br />

did (your child’s name) enjoy the (product) you<br />

purchased from us last time?”


THEY SURPRISE AND DELIGHT<br />

Another thing I noticed about Bindha is that he<br />

always surprises and delights his customers. When<br />

he is about to leave a table he offers a free round of<br />

wine, a free dessert or something else he thinks you<br />

will enjoy. He knows I love Chateau St. Michelle’s<br />

Reisling and he makes sure we get a glass on him<br />

every time. He’s given us free dessert and free Naan.<br />

We never expect to get anything free and we are<br />

more than willing to pay for what we consume, but<br />

he always surprises us with something meaningful<br />

that we remember. This is one of the reasons you<br />

feel like Bindha is a friend who treats you like a<br />

special customer. When I started watching, I noticed<br />

that Bindha does this with every table; it’s a secret<br />

sauce he uses to make sure you remember your<br />

experience. And I think it’s brilliant!<br />

How can your company surprise and delight<br />

customers? It could be something simple like a handwritten<br />

thank you note, free shipping, free rush<br />

delivery, or a special gift they weren’t expecting.<br />

The key with surprise and delight is that is must be a<br />

surprise. Customers can’t start to expect it; they need<br />

to feel like it was something special just for them.<br />

We need to figure out how to surprise and delight<br />

customers EVERY time. This requires companies to<br />

allow their front-line staff to have the power to decide<br />

what the right surprise and delight gift is for each<br />

customer. And it’s even better if they can personalize<br />

a note with the gift so the customer knows the person<br />

they dealt with was the reason they got the gift and<br />

that they were thinking of them when they included it.<br />

THEY ARE ALWAYS READY TO<br />

SERVE<br />

The great experience at Royal Taj, doesn’t start and<br />

end with Bindha. It’s clear customer experience is<br />

something they engrain in their employees. When<br />

you dine at Royal Taj you will see the entire staff<br />

standing in a line right in the dining room waiting for<br />

an opportunity to serve. They scan the dining room<br />

constantly and all you have to do is look at them<br />

and they rush to your table to serve you. We’ve all<br />

been at restaurants where the staff casually stands<br />

chatting each other up, getting distracted and even<br />

doing unprofessional things. As a customer you feel<br />

like your needs are less important because they<br />

don’t convey an interest in being ready to serve you.<br />

How can your company always be at the ready looking<br />

for an opportunity to serve? Are you monitoring social<br />

channels for mentions of your company? Do you have<br />

live chat on your website? If so, do you proactively<br />

reach out to website visitors and let them know you<br />

are there to help? How are you making it ridiculously<br />

easy for customers to get your attention?<br />

The challenges with putting customer experience<br />

at the core of your business comes in a variety of<br />

shapes and sizes. But seriously, it comes down to<br />

one thing; how committed are you to ensuring<br />

customers have a great experience? If you are<br />

truly committed then you won’t let any obstacle<br />

get in your way. You will find creative solutions to<br />

challenges instead of using them as excuses for<br />

under-serving your customers. Isn’t it time for every<br />

company to put their customers at the center of<br />

their business model?<br />

How important is customer experience in your<br />

company? Are you making great strides or<br />

using a lot of lip service? What are your biggest<br />

frustrations that company’s need to address?<br />

Leave a comment and join the discussion for<br />

helping company’s put customer experience at<br />

the core of their business model.<br />

About the Author<br />

Nichole Kelly is the CEO of Social Media Explorer|SME Digital. She is also the author of How to Measure Social Media.<br />

Her team helps companies figure out where social media fits and then helps execute the recommended strategy<br />

across the “right” mix of social media channels. Do you want to rock the awesome with your digital marketing<br />

strategy? Contact Nichole


Manage Your Marketing: Remember<br />

You’re in Sales<br />

By Margie Clayman<br />

A few weeks ago I was in Barnes & Noble and I<br />

happened to glance at the business best sellers shelf<br />

(as I am wont to do). A book sitting there caught<br />

my eye. It was Daniel Pink’s To Sell is Human. The<br />

title got my attention for a couple of reasons. First,<br />

as we have discussed many times, there are silos<br />

between marketing and sales departments in most<br />

companies. The title made me wonder if Pink would<br />

offer an argument that would help to destroy that<br />

(needless) division between sales and marketing. The<br />

title also got my attention because as a marketer,<br />

I have always known in my gut that I also need to<br />

understand what’s happening in sales. As Pink notes<br />

at the start of his book, very few people like to think<br />

of themselves as sales people. Why is that?<br />

Pink suggests that most people equate “sales” to<br />

being shady, like the old stereotypes of the used car<br />

salesman. In fact, in a questionnaire that Pink cites<br />

in the book, many people, when asked, answered<br />

that sales made them think of primarily negative<br />

personality traits. However, Pink argues that “sales”<br />

is more than just trying to sell a product. “Sales”<br />

can mean trying to get a person to buy into your<br />

ideas or, as he says, “moving people.” If this is not<br />

marketing, what is?<br />

But I must reiterate – being in sales<br />

is gross!<br />

I think a lot of people have this gut reaction to the<br />

idea that they are in sales, especially people who<br />

are using social media as part of their marketing<br />

campaigns. The emphasis in the online world has long<br />

rested on relationships versus “selly” engagement.<br />

There is a sentiment that if you try to “sell” online<br />

it will be a real turn-off. For marketers, this creates<br />

a conundrum and this conundrum lies behind the<br />

entire controversy regarding whether it is possible<br />

to calculate social media ROI. If you are hesitant to<br />

sell anything online, it will of course, be extremely<br />

difficult to realize any return on your investment.<br />

Beyond the online world, it is also important to<br />

visualize your marketing content as if it is an army<br />

of non-human sales representatives for your<br />

company. Instead of knocking on doors, your ads<br />

appear before eyes of potential customers. Instead<br />

of traveling city-to-city, your email marketing calls<br />

for attention in someone’s inbox. Your content<br />

is intended to help increase sales. It may not be<br />

a direct line like it would be for door-to-door<br />

salespeople, but the intent is the same. You are<br />

striving to convince someone to buy your company’s<br />

product or service. If you are using social media<br />

marketing, you are like the old-fashioned store<br />

owner who knows everyone’s name, who cares, but<br />

who also is still trying to sell something. One does<br />

not need to be a snake oil salesman to be in sales.<br />

There’s no reason for silos<br />

Marketing and Sales departments are often pitted<br />

against each other in companies. When things go<br />

wrong these departments point the fingers at each<br />

other. “Sales are down because the marketing is<br />

bad.” “Sales are down because the sales team isn’t<br />

converting leads into sales.” When things go well,<br />

the departments compete for credit. The faulty<br />

logic is that sales and marketing are diametrically<br />

opposed. This is simply not the case. If you are truly<br />

enmeshed in marketing for your company, you are<br />

in sales. If you are trying to promote ideas that will<br />

help your company grow, you are in sales. Indeed, in<br />

an ideal situation, marketing will work with the sales<br />

team to make sure all messaging emanating from<br />

the company is consistent and effective.<br />

The next time someone says that marketers don’t<br />

really understand the world of sales, or the next<br />

time you hear a marketer talking disparagingly<br />

about the sales process, remember that marketers<br />

are also in sales. Marketers are humans. And, if you<br />

agree with Daniel Pink, to sell is human.<br />

Do you agree?<br />

About the Author<br />

Margie Clayman is the Director of Marketing, B2B Services at Clayman and Associates, a full service marketing<br />

firm headquartered in Marietta, Ohio. You can follow the agency at www.facebook.com/claymanandassociates<br />

In addition to blogging for her agency, Margie Blogs for Razoo Giving.


DEAR BRANdS, THIS IS tHE ENd OF OUR FRIENdSHIP.<br />

SINCERELY, YOUR CUStOMER<br />

By Vincent Teo<br />

Social technology is heralding a new wave of consumerism and this has<br />

startling implication to brands. Your consumer is not just ditching you,<br />

they’re becoming your competitors.<br />

There’s been a slow shift in the balance of power<br />

that has been happening for a long time.<br />

Once upon a time, brands held all the power in<br />

their relationship with consumers. They withheld<br />

information and could afford to charge higher prices,<br />

additional fees or get away with bad service because<br />

there was a lack of transparency and connection<br />

between consumers. Customers put up with it<br />

because they didn’t know any better or thought<br />

this was the norm. And even if they minded, they<br />

had little choice but to comply because there were<br />

simply no viable alternatives.<br />

Things started to change with Web 1.0 - where<br />

the Internet gave consumer the transparency of<br />

information online, which disrupted closed group<br />

industries (travel, insurance, cars, and electronics


We’re now<br />

living in the<br />

age of Web 3.0,<br />

where social<br />

technology<br />

is heralding a<br />

new wave of<br />

consumerism;<br />

one that allows<br />

consumers to<br />

share resources<br />

that puts them<br />

into a position<br />

where they<br />

can directly<br />

compete with<br />

entrenched<br />

brands and<br />

provide the<br />

same services.<br />

etc) and made prices and<br />

standards more open. This gave<br />

consumers the information they<br />

needed to compare between<br />

brands, take options, and make<br />

informed choices. It also gave<br />

rise to direct purchases with<br />

e-commerce, cutting out the need<br />

for unnecessary intermediaries<br />

(e.g. booking a holiday).<br />

Then came along Web 2.0 - this<br />

was about the openness of sharing<br />

information amongst consumers,<br />

i.e. social media. Where people<br />

could share content and their<br />

experiences with brands (both<br />

good and bad) to a larger group<br />

of people, forming communities<br />

that were passionately for or<br />

against brands. We all remember<br />

this moment, herald as the great<br />

equalizer where brands now<br />

had to respond to criticism and<br />

complains from consumers or<br />

risk the quick outrage of an angry<br />

online mob that can quickly grow<br />

as information spreads virally<br />

through social sharing platforms like<br />

Facebook, Twitter, and YouTube.<br />

We’re now living in the age of<br />

Web 3.0, where social technology<br />

is heralding a new wave of<br />

consumerism; one that allows<br />

consumers to share resources that<br />

puts them into a position where<br />

they can directly compete with<br />

entrenched brands and provide<br />

the same services.<br />

This has startling implication to<br />

brands – your consumer is not just<br />

ditching you, they are becoming<br />

your competitors.<br />

The rise of sharing economy has<br />

been widely covered. Technology<br />

is one of the key facilitators but<br />

credit goes to the multitude of tech<br />

startups that recognize the gaping<br />

hole and opportunities left by<br />

slow moving, entrenched brands,<br />

creating digital marketplaces that<br />

connect consumers with excess<br />

resources and those with a demand<br />

for it together in a mutually<br />

beneficial way.<br />

Think about it. Airbnb fills more<br />

rooms than all of the Hilton<br />

branded hotels in the world and<br />

they don’t own a single bed.<br />

It’s simply a marketplace that<br />

connects resources to those who<br />

need it bypassing the traditional<br />

hotel business that has been<br />

around for decades.<br />

There are many such examples all<br />

born from opportunistic startups<br />

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and entrepreneurs who themselves were probably<br />

disillusioned with what was provided by brands and<br />

thought “what if there was a better way”. Things<br />

that were once the expected norm are now a thing<br />

of the past.<br />

Want to avoid paying expensive charges when you<br />

park your car at the airport for a short trip? Flight<br />

Car lets you rent your vehicle out to other travelers<br />

coming in (and avoid expensive rentals from the likes<br />

of Hertz and Avis). Parkers save and make money<br />

while renters get a cheaper price.<br />

of post paid data plans. Now, with the already ¼<br />

reduced data in your monthly service bundled,<br />

you’re expected to pay double the cost of what it<br />

was when you exceeded usage.<br />

If Singtel is going to make me pay a penalty for going<br />

past my data bundle, why aren’t they paying me if I<br />

have excess unused data at the end of each month?<br />

This is a simple idea: Instead of paying SingTel’s<br />

outrageous costs, I should just be able to use<br />

another mobile subscriber’s excess data from their<br />

bundles.<br />

Turns out, this already exist in the form of Air Mobs –<br />

An app that allows you to sell wireless bandwidth to<br />

a stranger near you, in exchange for credits allowing<br />

you to buy bandwidth from another stranger in the<br />

future.<br />

Taking this one level up, instead of paying<br />

expensive roaming charges for using data abroad,<br />

CrowdRoaming allows you to share your excess local<br />

mobile data with travelers. In return, when you<br />

travel abroad, you can also tap on the mobile data<br />

from locals at your destination.<br />

Want to avoid expensive public cloud computing<br />

costs? Gridmarkets allows companies to sell their<br />

excess CPU capacity to others that need large<br />

amounts of computational power.<br />

Want to avoid expensive office rentals?<br />

DesksNearMe allows anyone who needs a flexible<br />

workspace to book from others that have desks and<br />

office space that’s not being used.<br />

My favorite example is one that’s close to my heart.<br />

Recently, my mobile provider SingTel announced to<br />

much of my dismay and further disdain that they<br />

were going to double the price of excess mobile data.<br />

To provide some context: Singtel has recently cut<br />

down its data plans from 12GB to 2, 3, and 4GB<br />

plans – essentially already increasing the price<br />

Now is the time that brands need to learn to play<br />

nice, be transparent, and act in the interest of its<br />

customers and not itself or its shareholders.<br />

T-mobile in the U.K. is a great example of behaving<br />

consumer first. It disrupted the entire telco industry<br />

by dropping the mandatory 2 year mobile phone<br />

contract. In addition, it will now eliminate all the<br />

ridiculous sky high international roaming charges<br />

that consumers have accepted as norm and an<br />

acceptable cost for traveling.<br />

Mike Sievert, T-Mobile’s chief marketing officer<br />

articulated this form of behavior nicely when he<br />

said “Other telcos sit around trying to figure out<br />

what customer charges they can get away with. We<br />

sit around and think what can we get away with not<br />

charging the customer.”<br />

About the Author<br />

Vincent is a partner at Cllique (www.cllique.com), a innovation design studio that helps brands evolve in an<br />

ever changing world through design thinking, marketing strategy and agile innovation, He also co-founded<br />

Lensy (www.lensy.com), a community marketplace that connects everyday photographers with brands<br />

and businesses. Vincent has over 12 years experience both on the client and agency side, most recently as<br />

digital planning director at BBDO/Proximity and lead digital strategist at Publicis. Prior to that, he startedup<br />

and managed a boutique digital agency in Hong Kong and built the online business at Citibank at HSBC.<br />

Connect with him on Twitter @intersphere


How Do You Have an Effective Social Media<br />

Presence and Not Get Sued?<br />

By Mark Schaefer<br />

If you can’t see the video, click here to see my interview with Anne McGraw of Nissan-North America.<br />

I recently had the chance to catch up with<br />

Anne McGraw, senior manager – customer<br />

experience for Nissan North America and discuss<br />

some very relevant and timely marketing issues.<br />

Anne works in an extremely high-pressure<br />

environment where any social media response<br />

could potentially result in a lawsuit or a spot on the<br />

national news. Yet, she has been able to navigate<br />

this internal and external minefield to create a stateof-the-art<br />

social media presence for her company.<br />

Today you get to see an interview with Anne<br />

where she shares how she developed her<br />

strategy in this difficult environment as well as:<br />

• The event that led to Nissan’s “ah-ha”<br />

moment — when her management team<br />

finally “got it”<br />

• Her approach to getting the legal team<br />

onboard.<br />

• How she is using social data as a leading<br />

indicator to discover customer issues 4-6<br />

weeks faster than normal.<br />

I think you’ll enjoy this interview and you<br />

can connect with Anne on LinkedIn and<br />

on Twitter.<br />

About the Author<br />

I’m Mark Schaefer. If you want to learn about my awards, books, degrees, patents, professional<br />

accomplishments and all that LinkedIn stuff, you can click here: Professional Credentials. There is also a<br />

good bio here if you’re looking for the short story!


By Vincent Teo<br />

7<br />

Sure-Fire Success<br />

Principles


Success is something everyone wants but only a few achieve.<br />

However, it doesn’t have to be that way. No matter where you<br />

are in your business – from startup to seasoned veteran – there<br />

are principles you can apply to ensure your success. Below are<br />

seven sure-fire success principles you can start using right now:<br />

1. Work with relentless urgency. Getting up<br />

and showing up are a great start but if you want success<br />

in your business – or in any part of your life – you have<br />

to be willing to work, and work hard. The Army’s slogan<br />

from the early 1980s was, “We get more done before 9<br />

a.m. than most people get done in a day.” It’s that harddriving<br />

work ethic that will set you apart from the pack<br />

and create opportunities that will open the doors to<br />

success.<br />

2. Apply a disciplined approach. Discipline<br />

is defined as a system of rules governing conduct or<br />

activity. When you wake up in the morning, do you have<br />

a systematic plan of what you are going to accomplish<br />

and how you are going to accomplish it? If not, you can’t<br />

expect to move forward in your career in any meaningful<br />

way. Begin using a disciplined approach by first setting<br />

goals and then planning activities that will achieve those<br />

goals. Finally, measure the success of your activities and<br />

then adjust your plans accordingly.<br />

3. Focus on implementation. Closely related<br />

to discipline is implementation. This is simply the<br />

principle of carrying out and accomplishing the goals<br />

and plans you created, ensuring actual fulfillment by<br />

concrete measures. You can dream and plan and set<br />

goals for yourself all day but if you do nothing tangible<br />

to see those goals through, you are simply spinning your<br />

wheels and wasting time. Implementation is the step<br />

that transitions plans into results.<br />

4. Simplify whenever possible. Why take<br />

two dozen steps to accomplish something if you can<br />

get it done just as effectively in only three or four?<br />

Simplification is a critical part of achieving maximum<br />

results with the least amount of effort. Working hard is<br />

important but using your time in the most effective way<br />

possible is even more important. Simplifying processes


whenever possible makes it much<br />

easier to accomplish more in less time.<br />

It also makes it quicker and easier to<br />

share your knowledge and bring team<br />

members up to speed when necessary.<br />

5. Embrace discomfort.<br />

Nobody likes to be uncomfortable<br />

and it’s a natural inclination to avoid<br />

discomfort. However, in order to be<br />

successful, you must be willing not<br />

only to be uncomfortable but also to<br />

embrace discomfort. This means the<br />

willingness to give something up in<br />

order to gain something, such as giving<br />

up comfort in order to gain forward<br />

momentum. This can mean working<br />

late to ensure goals are met or making<br />

lifestyle changes in order to be able<br />

to invest in a new venture. Either way,<br />

sacrificing comfort now can enable<br />

you to take the steps you need to<br />

achieve future success.<br />

6. Continually develop your<br />

skills and knowledge. This<br />

is another way in which embracing<br />

discomfort has a large payoff. Taking<br />

courses to gain certifications along<br />

with expanding your knowledge<br />

base of your industry is a fantastic<br />

way to move forward and be more<br />

successful in your career. Wake up<br />

early to study if you need to but make<br />

sure you take advantage of all the<br />

classes and instruction available to<br />

you to become an expert in your field.<br />

Another great way to increase your<br />

skills and understanding is to read –<br />

read anything you can get your hands<br />

on that can help you become more<br />

knowledgeable and effective. Fiftyeight<br />

percent of people never read<br />

non-fiction books after they graduate<br />

from high school, so simply picking<br />

up a book and reading it will help<br />

establish your expertise and set you<br />

apart from your competition.<br />

7. Develop the right<br />

relationships. It’s not only<br />

the relationships you develop with<br />

your company’s clients that are<br />

important. Developing good, healthy<br />

relationships with colleagues and<br />

employees is an important step in<br />

business success. These are the people<br />

who can influence your business’s<br />

growth – for better or worse. Ensure<br />

that influence is working in your favor<br />

by identifying ways to help employees<br />

and colleagues achieve their goals and<br />

objectives. Your assistance will help<br />

establish you as a go-to person within<br />

your industry and position you for<br />

small business success.<br />

Success might not be easy but it is<br />

achievable. There will always be setbacks but<br />

perseverance, dedication and drive eventually<br />

yield success. Follow these seven sure-fire<br />

success principles and you will find yourself<br />

enjoying the success you’ve always wanted.<br />

About the Author<br />

Daniel C. Steenerson imparts his success wisdom, principles and philosophies through his proprietary<br />

“Science of Visioneering” approach to help companies, entrepreneurs, executives and other<br />

professionals realize business greatness. He may be reached online at www.DanSteenerson.com–<br />

an online community where business owners, executives and other career achievement-minded<br />

professionals go for no-nonsense, “tell-it-like-it-is” success advice.


5 Free Online Tools Too Valuable to Ignore that<br />

Will Help You Grow Your Business<br />

By Didi Zheleva<br />

Setting up a business is a big enough investment but did you know<br />

that when it comes to managing your business and marketing it,<br />

you don’t need to spend a fortune. Here are 5 free tools that would<br />

transform your business at no cost!


1. WordPress<br />

Having an online presence for your business is increasingly important.<br />

Whether you are planning to use your website as a branding tool, to<br />

sell or to generate enquiries about your product, it is imperative that<br />

you have one.<br />

It is often misunderstood that creating a website is a complicated<br />

tasks, that you need a specialist or a graphic designer to do it, it takes<br />

a ton of time and it’s expensive. Once upon item, that was the case<br />

but not anymore. Now there is WordPress.<br />

WordPress is a free content management system. It comes with<br />

thousands of templates you can chose from and you can easily<br />

and effortlessly setup a website for your business. Simply follow<br />

the instructions and you will have a website within minutes! Try<br />

WordPress.


2. InTouch CRM<br />

Customer Relationship Management is a must for any business<br />

wishing to stay ahead in the game. The focus of each and every<br />

business is to thrive through building long-lasting relationships with<br />

customers and a well implemented CRM system will help you do<br />

exactly that. Being so popular however, CRM is quite often a luxury.<br />

With some providers charging as much as $2000 just to set up your<br />

account, InTouch comes as a breath of well-needed fresh air.<br />

InTouch gives you much functionality at a comparatively lower<br />

price than other providers and it even has a free package! Some of<br />

the features include a contact history database, email marketing,<br />

web forms, custom fields, leads and sales management and much<br />

more. InTouch truly is an integral part of the smart business person’s<br />

strategy. Try InTouch.


3. Skype<br />

Keeping in touch with people, be it customers, suppliers, investors<br />

and employees will in time prove to be rather costly.<br />

Skype allows you to stay connected, grow your business and work<br />

smarter. You will benefit from the opportunity to make conference<br />

calls and generally keeping in touch with people and clients. You can<br />

even interview people using Skype!<br />

Skype allows for instant messaging and calls on pretty much any<br />

mobile device, wherever you are. In addition, you will be able to work<br />

from anywhere, save on travel and share your screen. Try Skype.


4. HootSuite<br />

Social media is a huge part of the business marketing strategy<br />

but sometimes juggling between the different platforms could be<br />

overwhelming.<br />

To make their business and social media life a lot easier, here is<br />

HootSuite. It is a free social media management tool that allows you<br />

to manage all your social networking accounts (Facebook, Twitter and<br />

LinkedIn) at once. HootSuite helps you drive more leads, measure<br />

the impact of your campaigns and schedule messages to be post<br />

automatically. Try HootSuite.


5. DROPBOX<br />

Smart businessmen know that it’s paramount to store important files<br />

and data in different places to ensure that they’ll always have a copy, no<br />

matter what disaster they encounter. Right now, it is not enough to have<br />

files stored on your website and USB. You need other backup storage,<br />

and that is where Dropbox comes in.<br />

Dropbox offers a secure way to store your. If any other members of your<br />

team have a Dropbox account, you can actually share access to the files.<br />

With a basic Dropbox account you get up to 2GB of free cloud storage. It<br />

offers native support for Linux and Blackberry, as well as Windows, Mac<br />

OS, iOS, and Android. Try Dropbox.<br />

Whether you are just starting your business, or you would like to budget,<br />

these 5 online tools will help you stay more organized, productive and<br />

professional at no cost. So go ahead and give them a try!<br />

About the Author<br />

Didi Zheleva is a Content and Digital Marketing Executive at InTouch CRM - a web based sales and<br />

marketing software provider. She’s committed to helping small businesses grow and passionate about<br />

all things digital. Good marketing doesn’t need to be too costly or too complicated!<br />

Facebook: facebook.com/intouchcrm<br />

Twitter: twitter.com/intouchcrm<br />

LinkedIn: linkedin.com/company/intouchcrm<br />

Google+: plus.google.com/+Intouchcrmplus/posts


Fear - The Entrepreneur’s New Fuel<br />

By Tabitha Jean Naylor<br />

Fear...it’s something that young entrepreneurs<br />

hear plenty about.<br />

They tell you fear isn’t real, that it’s something<br />

that people create in their minds. That it<br />

shouldn’t effect you because you, yourself, made<br />

it up. But how often has this mindset actually<br />

helped you start a small business or jumpstart<br />

your entrepreneurship development?<br />

I’m going to take a wild guess and assume that it<br />

hasn’t. You’ve looked up and down the internet,<br />

read books, listened to speakers, heard all about<br />

other peoples’ entrepreneur success stories. The<br />

fear, however, still persists. It’s still there, slowly<br />

eating away at your morale.<br />

The bottom line is that fear is real. It’s very real.<br />

If it wasn’t, you wouldn’t feel it.<br />

Dealing with fear, realizing that it’s going to be<br />

a part of the journey, is the only way that you’re<br />

going to become a successful entrepreneur.<br />

You can scour the web and read every book<br />

imaginable on how to deal with your fears but<br />

until you realize that fear is going to be a part of<br />

the process you are going to struggle.<br />

It’s all about making a decision that your<br />

comfort zone is not a place that you want to<br />

be. Understanding that fear is going to be there<br />

every step of the way and falling in love with the<br />

feeling of your stomach tightening every time<br />

you make the decision to face those fears. That’s<br />

what is going to help you develop into the type<br />

of business entrepreneur you want to become.<br />

People that work for other people are helping<br />

THOSE people achieve THEIR dreams. Whether


they are a sales executive making six<br />

figures or working in a cubicle for 50k<br />

a year, they are spending their time<br />

helping other people achieve their<br />

dreams.<br />

There is an old quote that says that 99%<br />

of people in the world can work for a<br />

company once it’s been created, but only<br />

1% of the population can actually create<br />

those things or places that the 99% work<br />

at.<br />

Understand that you, already, are a part<br />

of that 1%. When you’ve made that<br />

decision to make the jump to starting a<br />

business, you’ve done something that<br />

only 1% of the population has the ability<br />

to do.<br />

So whatever you’re getting into right<br />

now - whether that be developing new<br />

business ideas, signing on with a new<br />

marketing partner or maybe still thinking<br />

about making the jump to opening a<br />

small business - realize that fear is going<br />

to be a part of the process.<br />

Realize that uncertainty, butterflies, and<br />

a tightened stomach are going to be<br />

with you every step of the way. But also<br />

realize that beautiful things will begin to<br />

happen when you start to accept that<br />

uncertainty and move forward anyhow.<br />

Realize that your potential lies right<br />

beyond that comfort zone.<br />

Entrepreneurship is a beautiful thing. It’s<br />

also an incredibly difficult thing. You’ve<br />

already made a decision that only 1% of<br />

the population has the ability to make.<br />

Now make the decision to put yourself at<br />

the top of that 1%.<br />

A wise person once said, ‘By leaving<br />

behind your old self & taking a leap of<br />

faith into the unknown, you find out<br />

what you are truly capable of becoming.’<br />

Face your fears, step out of that comfort<br />

zone, use that fear to fuel you and don’t<br />

ever look back again.


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Even Small Businesses Can Have<br />

Remote Employees<br />

By Richard Weinberger, PhD, CPA<br />

Key enablers for managing remote employees are:<br />

“<br />

The biggest challenge that any business faces<br />

with remote employees is accountability and<br />

commitment.<br />

“<br />

We are living in an age where state of the art technology and the Internet<br />

have made the world increasingly smaller, so it is easier and cost effective<br />

to have remote employees. With the high cost of owning or leasing “real<br />

estate” to provide employees a place to work, companies of all sizes are realizing the<br />

cost benefit of having remote employees in addition to increased productivity that<br />

results from positive employee attitudes. Employees, likewise, find numerous benefits<br />

– no commute, flexible hours, and the feeling of job independence.<br />

The biggest challenge that any business faces with remote employees<br />

is accountability and commitment. When systems and processes<br />

are in place, however, remote employees can be managed with<br />

efficiency, which produces quality results for the company and<br />

highly satisfied employees.


Key enablers for managing remote employees are:<br />

Roles of company and<br />

employee –<br />

Managing remote employees requires<br />

detailing what each is expected to<br />

contribute, and what the employee<br />

is expected to accomplish. Specific<br />

objectives must be clearly defined and<br />

communicated to achieve satisfaction<br />

for both parties. What will the<br />

company furnish in the way of support<br />

and equipment? What will the remote<br />

employee be expected to produce and<br />

when? Ambiguous goals result in hitor-miss<br />

performance.<br />

Tools and support –<br />

A remote employee must have the<br />

right tools (equipment) to perform<br />

Schedules – Schedules for project<br />

milestones, completions, reports, and<br />

available hours (telephone, instant<br />

messaging, or email) are required<br />

of the remote employee. Though<br />

work flexibility is an advantage for a<br />

remote employee, specific work and<br />

schedule objectives must be adhered<br />

to. Depending on the location of the<br />

employee, headquarters, and customers,<br />

a remote employee may be required to<br />

keep a non-traditional work schedule at<br />

times. Working across various time zones<br />

might be inconvenient for a remote<br />

employee but necessary to accomplish<br />

desired results.<br />

Flexibility –<br />

Offering remote employees a flexible<br />

workplace and schedule are beneficial<br />

for recruiting, employee satisfaction,<br />

and motivation. Although the concept<br />

for employees is the convenience of<br />

working from home or another remote<br />

location, results must still equal or<br />

exceed what would be expected of<br />

the same employee working from<br />

a company location. As companies<br />

understand that final results are more<br />

important than the physical presence<br />

or hourly work schedules of employees,<br />

then the option of having remote<br />

employees becomes a possibility.<br />

In a study conducted by the Society for Human<br />

Resource Management (2012 National Study of<br />

Employers) the following facts emerged:<br />

the job function and the necessary<br />

support to complete assigned<br />

projects. The right “tools” might be<br />

computers, printers, phones, Internet,<br />

technical manuals, company catalogs,<br />

office supplies, and other essentials<br />

needed to properly perform various<br />

assignments. This will also include<br />

support from the company in the way<br />

of contact personnel, IT assistance,<br />

marketing, databases, or travel<br />

arrangements, as examples.<br />

• The percentage of companies allowing<br />

(at least some) employees to work<br />

some of their regular paid hours at<br />

home on an occasional basis increased<br />

from 34 percent in 2005 to 63 percent<br />

in 2012.<br />

• For 2012, 10 percent of small<br />

organizations (50-99 employees)<br />

allowed all or most employees to work<br />

some regular paid hours at home<br />

occasionally compared to 3 percent of


large organizations (1,000 or more<br />

employees) allowing the same.<br />

Objectives and goals –<br />

One of the most important<br />

elements that must be shared<br />

with remote employees are<br />

organizational objectives and<br />

goals. Every business has different<br />

goals, visions, and missions that<br />

must be communicated to and<br />

understood by all employees<br />

regardless of location. Everyone<br />

must be “on board.” Since remote<br />

employees do not see daily<br />

reminders, the company must<br />

clearly articulate these through<br />

clear, concise, and frequent<br />

communications. Delivering<br />

results is the end product for any<br />

remote employee, but can only<br />

be accomplished with a thorough<br />

understanding of both company<br />

and personal objectives.<br />

Depending on the type of business, a small<br />

company might have remote employees<br />

performing:<br />

• Sales<br />

• Administrative functions<br />

• Payroll<br />

• Customer service<br />

• Technical assistance<br />

• IT programming<br />

• Marketing<br />

• Recruiting<br />

• Accounting<br />

• Travel arrangements<br />

Having remote employees is certainly not<br />

for every business. Nevertheless, there are<br />

many businesses that can realize substantial<br />

benefits from having some functions<br />

performed remotely either some of the time<br />

or most of the time. If a small business has<br />

never tried using remote employees for some<br />

business tasks, it can test the possibility by<br />

first determining what functions would be<br />

the easiest and least costly to implement. A<br />

review can be made of:<br />

• Each employee and majors functions<br />

performed<br />

• Additional costs required for remote<br />

equipment and communication<br />

• Any cost savings attributable to not<br />

having an employee on company<br />

location<br />

• Need for remote employee supervision<br />

• How remote employee results will be<br />

calculated<br />

• Overall benefits for the company, as<br />

well as the remote employee<br />

Once a determination is made that it<br />

is in the best interests of the company<br />

and employee, a test can be conducted<br />

for a pre-determined period. Of<br />

course, the employee must understand<br />

that the test period may or may not<br />

become permanent based on a review<br />

after the test period is completed.<br />

Considering all the different ways of<br />

effective communication today, remote<br />

employees for at least some functions<br />

are a possibility for all businesses – even<br />

small ones.<br />

About the Author<br />

Richard L. Weinberger, PhD, CPA, has over 30 years experience as a financial and management consultant for small<br />

businesses. An esteemed thought leader, speaker, and former college professor, he is the CEO of the Association of<br />

Accredited Small Business Consultants. His new book, Propel Your Small Business to Success: Accelerated Actions to<br />

Maximize Profit, (www.aampapproach.com) gives small business owners a step-by-step method for reviewing and<br />

analyzing all aspects of their company in order to ensure survival and success.


Who<br />

Advises the<br />

Entrepreneur?<br />

By Kerrie MacPherson<br />

if you’re thinking of<br />

setting up an advisory<br />

board, be very clear on<br />

what it is, and what it’s<br />

not. It’s not a formal<br />

board of directors,<br />

which has well-defined<br />

duties including a<br />

fiduciary one.<br />

If you’re leading a startup business with potential for high growth, one of the most valuable things<br />

you should do early on is to set up an advisory board. Scaling an enterprise is hard work, and you<br />

only stand to benefit from drawing on perspectives, experience, and networks that augment your<br />

own. A group of advisors committed to your success not only provides a sounding board to test and<br />

strengthen your ideas, it gives you access to important competencies and resources.<br />

But many entrepreneurs, especially those in the early stages, find the task of building an advisory<br />

board daunting. Whose strengths would complement their own and counter their weaknesses? Who<br />

might bring an insight to the table that would otherwise be missed? It can feel like an exercise in<br />

knowing what you don’t know. Moreover, most people who have not formalized such a board before<br />

haven’t given much thought to what it takes to keep one running effectively.


This is why, in the Entrepreneurial Winning Women program I oversee at EY, we make this<br />

an early part of our teaching. The program is our effort to help women entrepreneurs in<br />

particular take their small businesses to the next level. We identify promising startups and<br />

provide the women behind them with customized executive leadership training and the<br />

opportunity to join an elite network.


The advice we offer and the discussions that<br />

take place among our entrepreneurs center on<br />

five key tips:<br />

Look outside your existing<br />

network of contacts. As you sit<br />

down to think about whom to invite onto your<br />

advisory board, remember first that this should<br />

not be a group of your friends and fans. You’re<br />

looking to drive new business opportunities and<br />

new ways of thinking with diverse experience,<br />

expertise, viewpoints, and skill sets. Work to<br />

find people outside your inner circle who have<br />

built successful businesses and can pass that<br />

knowledge on to you. Think about who would<br />

be a constructively critical audience, and who<br />

can provide access to other valuable contacts,<br />

from potential customers, suppliers, and<br />

strategic partners to financiers, publicists, and<br />

other professional service vendors.<br />

commitment as reassurance the project will<br />

take off. In the same way, entrepreneurs should<br />

work first to recruit the people who will attract<br />

others, and give an advisory board strong<br />

credibility from the start.<br />

Invest the time in developing<br />

relationships with your<br />

board members. Since most are not<br />

compensated, their reward is the satisfaction<br />

of sharing their knowledge and experience<br />

and helping you succeed. So make them feel<br />

appreciated! (Meanwhile, if a prospective board<br />

member does insist on being compensated,<br />

determine how uniquely valuable he or she is.<br />

If there’s a possibility of a long-term business<br />

relationship, you might want to offer that<br />

person some kind of remuneration.)<br />

Recruit a well-known<br />

community member or industry<br />

influencer as your first board<br />

member. There is a reason that film<br />

producers begin their projects by lining up<br />

the most bankable talent they can. Their<br />

involvement helps to attract others who want<br />

to work with them, or who simply see a star’s<br />

Establish goals and expectations<br />

for the board up front, including<br />

how often it meets and where.<br />

Usually, in-person meetings once every three<br />

to six months will suffice, but you may want<br />

to reserve the right to consult with individual<br />

members on an ad hoc basis if a particular issue<br />

comes up. When the board does meet, make<br />

sure there is an agenda with specific goals. Your<br />

board members are busy professionals, so don’t<br />

waste their time. Perform a yearly assessment<br />

of how the board is working. If you can afford<br />

it, invite them to an offsite at a comfortable<br />

locale at your expense to have them discuss the<br />

board’s progress.<br />

Have a framework for<br />

transitioning out board<br />

members. As a high-growth entrepreneur,<br />

your business will evolve, and you will likely<br />

need advisors that bring different skills to the<br />

table at different phases of growth. Most will<br />

not have the time to serve on your board for<br />

more than two or three years, anyway. And


others may not be as helpful as you had hoped. So,<br />

make it clear up front that they serve as needed and<br />

spell out term limits.<br />

Finally, if you’re thinking of setting up an advisory<br />

board, be very clear on what it is, and what it’s not.<br />

It’s not a formal board of directors, which has welldefined<br />

duties including a fiduciary one. An advisory<br />

board holds no legal or financial responsibility for<br />

the decisions you make.<br />

Instead, it is a group of volunteers with knowledge<br />

and skills that you, the business owner, lack, and<br />

whose purpose is to help you make your company a<br />

success. It is there to assist you, challenge you, guide<br />

you, and open your eyes to new opportunities.<br />

For a high-growth business, it is difficult to overstate<br />

the importance of that kind of support. Advisory<br />

boards allow entrepreneurs to leverage others’<br />

specialized knowledge while honing skills and talents<br />

of their own. Reaching new markets, accessing<br />

new forms of funding, adopting new technology,<br />

and garnering information to manage risk are all<br />

necessary to scaling a sustainable entrepreneurial<br />

venture. A strong advisory board is one of the<br />

fundamental building blocks that will allow you to<br />

take your business to scale.<br />

About the Author<br />

Kerrie MacPherson is a principal at Ernst & Young LLP and executive sponsor of its Entrepreneurial<br />

Winning Women program. She has served on EY’s Gender Equity Task Force, is an active leader in<br />

its Professional Women’s Network, and is the Diversity and Inclusiveness Champion in the Financial<br />

Services Office Advisory Practice.<br />

* This article originally appeared here.


Brain exercise is more than a new age concept, there is<br />

proven science behind the idea that, just like the muscles in<br />

your body, you can train your mind to perform at a higher<br />

level by engaging in the right exercises.<br />

What Small Business Owners Should<br />

Know About Brain Health<br />

By Andrew Greissman<br />

You’ve heard the advice about how to create a viral video, and you’ve read all the tips on how to<br />

create SEO keywords, but what have you done for your brain lately? That’s right, in order to stay<br />

on top of your small business, you need to be thinking sharp and clear and the best way to make<br />

sure that all pistons are firing is to exercise your brain. Brain exercise is more than a new age<br />

concept, there is proven science behind the idea that, just like the muscles in your body, you can<br />

train your mind to perform at a higher level by engaging in the right exercises. According to the<br />

AARP brain health center, the five pillars of brain health are as follows:<br />

Physical exercise: Breaking a<br />

physical sweat, besides being good for your<br />

body at large, is also good for your brain<br />

health and can keep you thinking sharper.<br />

The reason? When you engage in physical<br />

exercise, you are strengthening the flow of<br />

blood through your body. Since the blood is<br />

the carrier of oxygen through your body, the<br />

more you get your blood flowing, the more<br />

you deliver this critical resource to the true<br />

powerhouse of your body; your brain. Alz.<br />

org, the Alzheimer’s prevention website, also cites<br />

physical activity as a way to encourage the growth of<br />

new brain cells.<br />

Mental exercise: Training your brain<br />

through exercises such as puzzles and games, reading,<br />

and even gardening, can have many long term<br />

beneficial effects. Just like any other muscle, your<br />

mind has connections that, when strengthened, allow<br />

more performance. This is particularly important for


Staying social: Having friends and engaging<br />

with others keeps your brain young as well. Social<br />

involvement challenges you to keep thinking, and<br />

interpreting the signals that others are sending you. this<br />

small business owners, as a mind functioning on a higher<br />

level means that you are more likely to stay on top of the<br />

myriad tasks during your day, from making sure orders<br />

go through, to obtaining financing for your expansion<br />

projects.<br />

Diet: Diet has been found to make a difference in the<br />

health of a person’s brain. In particular, certain foods<br />

have developed a reputation as being “brain foods”,<br />

packed with essential vitamins and compounds that<br />

enhance the creation of brain cell development and<br />

is a way to keep your brain stimulated and active without<br />

having to over think the exercise. People are naturally<br />

social; keeping this part of your life active and engaging will<br />

help you retain the highest function that you can.<br />

Stress management: Keeping a firm<br />

handle on the stress levels you are experiencing will also<br />

help protect the clarity of your thought. While it can<br />

enhance memory. Fish is a widely touted protector<br />

of mental faculties, containing Omega-3 fatty acids,<br />

while fruits and vegetables containing antioxidants are<br />

also good for preventing your cells from aging. Foods<br />

that promote heart health are, as a rule, also good for<br />

increasing oxygen flow to your brain.<br />

be difficult to avoid stress, in particular as a busy small<br />

business owner, there are things that you can do to help<br />

you manage the inevitable problems that will arise during<br />

the day to day. One of the best ways to manage your stress<br />

is to take a break from time to time. By allowing yourself<br />

even half an hour away from the chaos of your business<br />

week, you can retain a fresh perspective on all that needs to<br />

be done and keep yourself in top mental form.<br />

Running a small business is difficult to be sure. In the end, your<br />

greatest ally will always be your own brain, so treat it well. Plan<br />

your business’s growth and expansion, and remember, when it<br />

comes time to access capital, you have options.<br />

About the Author<br />

Andrew Greissman works at Horizon Business Funding, LLC, which specializes in providing a wide range of small<br />

businesses with expedited working capital solutions. Unlike banks, we are able to work with damaged credit and high<br />

risk industries, filling in the gaps in the lending market with easy to access bad credit business loan alternatives.


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