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Online Money-Makers

Wednesday, May 9th, 2012

These days you can fulfill all your shopping desires with the click of a mouse.
You can purchase those new shoes or the next book club read—even your groceries—online.

We love online shopping, but what does it take to run a successful e-commerce business? This month, we want to know everything from the best way to market an online business to how you connect with clients without in-person face time.

What lessons have you learned from running your e-business?
We want to hear from you!
  • With so many options for online shopping, how do you make your product or service stand out?
  • How do you market your business?
  • How do you connect with your customers?
  • Where do you go to find the best web support?
  • What type of platforms and tools do you use?

Girls CRAVE Funds

Monday, April 2nd, 2012

White it may not be everyone’s favorite subject, you cannot talk business without talking money.

We all want to make more money. Spend it, invest it, save it… whatever it is, we know we need to be managing it. This month we are going to talk about the most important things you need to know about financial planning. We will discuss how to keep your financial books in order, and how to plan for the Big R (Retirement!).  Start making smart plans for your money now.

What lessons have you learned from financing your business? We want to hear from you!

  • Have you received Venture Capital?
  • Have you received Angel Funding?
  • When should you take out a loan?
  • Do you manage your own books or outsource?
  • How have your money management systems changed as your business has grown?
  • What is the riskiest financial gamble you have taken?
  • What is your biggest regret when it comes to money? Biggest success?
  • What are your favorite financial news sources?

The Women of CRAVE Sound Off on Collaboration vs. Competion

Monday, March 26th, 2012

Every month at CRAVE we pick one juicy business topic, then dive headfirst into discussing and dissecting it from every possible angle. This month our topic has been, “Women: Collaborators or Competitors?”

Overwhelmingly, the CRAVE community has said they are all about collaboration.

We are always trying to listen to the voices of the women in our community. We thought it would be best to let you hear it from them directly. Below are answers to the question, “do you feel more collaborative or competitive amongst your fellow entreprenesses?”

***

I would like to say that I feel more collaborative, but in my industry I feel many of us are very competitive. So it makes it hard to work with other Event Planners. I hope sooner than later people realize that we can get further in our businesses if we work together more. – Erika Bostick-Maddison, owner of Event Luxe & Co., CRAVE Houston

I used to assume there would always be a uncomfortable competitiveness with women, but was surprised to find the women I’ve met at several networking events in town to be the most supportive and helpful in my business. Jen Mueller, owner of  Talk Sporty to Me, CRAVE Seattle

Definitely collaborative. Forming synergistic teams is way more fun than working alone; plus, I know for fact I’m not an expert in everything, and it’s better to let others do what they do best. It’s a win-win. -Giannina Granata Silverman, owner of Rocket Ranch Design + Advertising, CRAVE Seattle

Collaborative. Even amongst my fellow coaches, the clients that will work best with me will find me, and potential clients that I feel would be a better fit with another coach I am always happy to refer along. I don’t feel like there is any shortage of potential clients in my industry, so working together collaboratively is always more fulfilling for me. -Keri Christensen, Spire Coaching and Consulting, CRAVE Chicago

Definitely collaborative! I’m a strong believer in the benefits of relationship-building and cross-promotion. We benefit from supporting one another! -Deborah Lapkin, Double D Production, CRAVE Toronto

Neither. I am looking to this group for women who want to play a much bigger game and who take a no excuses approach to their business. So far I’m only finding it with the guys. I’m hoping to meet some great, collaborative women here. -Becca Niederkrom,  owner ComputerTutor4Seniors.com, CRAVE Dallas

Collaborative… I love fellow entrepreneurs, even if we are in the same industry. I believe that shared information can increase ones abilities 10 fold. Sherron Washington, owner P3 Solution, CRAVE DC

Why Worrying About the Competition is Keeping You Broke

Thursday, March 22nd, 2012

When it comes to business – I loathe the word competition.

In sports? Sure – competition is part of the game. By design – there is one winner and one loser (although I don’t love the word loser either). But in business – it doesn’t have to be an either-or proposition. There doesn’t have to be a winner and a loser. It can be a both-and proposition instead – one where everyone wins.  At the risk of sounding a little too kumbaya…let me explain.

After coaching hundreds of women in business, one common barrier to success reigns supreme. And it keeps them stuck, fearful and miles away from doing the amazing work they are meant to be doing. It’s the comparison trap. With detailed access to our competitors is just a mouse click away – it’s a slippery slope between keeping an eye on the competition to sliding into a holy hell of compare-and-despair thinking.

It’s natural to want to keep an eye on the competition, but more often than not, it can quickly descend into full blown obsession. You’re checking out their websites daily; you’re watching their every move on social media; you abandon your great ideas in lieu of theirs; and you spend more time worrying about what they are doing than you do focusing on growing your own business. It’s such a trap. And it’ll keep you broke, unhappy and playing small.

If you find yourself stuck in comparison thinking, here’s what you need to remember: There’s more than enough business to go around. In a world with billions of people – surely there’s enough work for you, your competitor and for their competitor. Can you possibly serve everyone in your market? Could they?

If you’re caught up in compare-and-despair thinking, here are five tips to get you back on track:

1. Turn down the volume: Consider taking a digital sabbatical. Turn off social media, unsubscribe from their lists, STOP visiting their websites. The less you see, the less you’ll be triggered.

2. Reach out: If there’s a competitor you’re particularly affected by, consider reaching out and building a relationship with them (instead of stalking them behind the comfort of your laptop). You might find a terrific opportunity to partner together on an upcoming initiative.

3. Do your work: The most potent antidote is to simply take action. Do YOUR work. As you create, innovate and ship more stuff – the fears and anxiety will dissipate.

4. Build your brand: Focus on building a powerful, compelling and interesting brand. Hone in on what makes you unique – your winning difference. Because the one thing your competition does not have – is you.

5. Celebrate your success: It can be easy to overlook your own progress when your sights are set on someone else’s. Celebrate your wins. Re-read your testimonials. Measure your success. Remind yourself daily about how far you’ve come.

Have you ever fallen into the comparison trap? How did you get yourself out? I’d love to hear your thoughts in the comments.

***
Business activator + leadership coach Stephanie Pollock wants you to give your business the respect + commitment it deserves, claim your greatness — and GO PRO.

Sign up to receive a richly inspiring free 10-part exploration of GOING PRO: A Manifesto —
with business planning tools, branding twists + audio treats to help you claim your greatness — faster at http://www.stephaniepollock.com/manifesto.

March Theme: Competition vs. Collaboration

Wednesday, March 7th, 2012

We have found that more and more women are becoming entrepreneurs in this economy, and they are finding ways to persevere. This month, we want our community to weigh in on whether or not competition versus collaboration in the work force. As women, are we fighting each other to get to the top, or boosting each other up? It turns out that a  “recent survey reveals competition is the biggest concern of small business owners.”

Think about how some of the questions below apply to different work-place scenarios you have encountered.

  • Do you more often feel competitive or collaborative amongst your fellow female entrepreneurs?
  • How about within your industry?
  • Do you feel a difference in competition vs. collaboration between men and women?
  • Do you feel a glass ceiling exists for women within your industry?
  • Tell us about a time you collaborated with someone who traditionally fits into your competition.
  • Tell us about a time you competed your way to the top.

View our events calendar and attend a CRAVE Chat near you on this topic!

2nd Annual Give2Girls Campaign with Jolkona

Monday, March 5th, 2012

Announcing the Give2girls Campaign: help women and girls around the world

As female business owners, we are fierce and we are powerful. We believe in spreading this empowerment to women and girls around the world. Once again, CRAVE is teaming up with the micro-giving non profit Jolkona for the month of March to celebrate Women’s History Month and International Women’s Day, and we want you to be a part of it too.  Last year, together we raised over $10,000 for women and girls around the world in just a few days and made a huge impact.

This year Jolkona has raised an even bigger matching fund for the campaign so EVERY donation to women and girls projects featured on Jolkona.org/give2girls will be matched, dollar for dollar up to $6,050.

HOW CAN YOU HELP? Invest in the women of tomorrow by giving to girls today.  Projects start at just $10.
Be a part of the movement and a part of the solution. This is your opportunity to be a part of something big. Help us celebrate Women’s History Month and International Women’s Day with a bang!

Why support the Give2Girls Campaign?
Experts now agree that helping to empower and educate women is an effective strategy to help fight poverty around the world. Investing in an educated, healthy, skilled, and empowered girl today means she will have the tools to reinvest back into her family, her community, and our world.  So what are you waiting for?

click here to make a contribution

And don’t forget to spread the word on twitter using hashtag #Give2Girls!

Jolkona is a start-up non-profit organization that allows people to choose how they impact the world through small donations (starting at just $5!), and unlike other micro-giving websites, they provide a tangible proof of impact for every donation received.

facebook.com/Jolkona
@Jolkona

Is Your Marketing Missing Purpose?

Friday, February 24th, 2012

What do you stand for in your business?

Tough question or easy to answer?

When you are clear about the purpose of your business, marketing is so much easier and can actually be exciting.

In Roy Spence’s new book “It’s Not What You Sell, It’s What You Stand For” he defines purpose this way, “Purpose is a definitive statement about the difference you are trying to make in the world.”

So why is purpose so important to your business?  He offers many reasons and the one I want to focus on here is the impact it can have on your marketing.

“Purpose injects your brand with a healthy dose of reality.  It is not something you can fake.  It’s genuine.  It’s real.  And it’s something that your customers honestly appreciate about you.”

More on this later.

First, let’s take a look at some examples of purpose from Roy’s clients and my business purpose:

BMW – To enable people to experience the joy of driving.

HALLMARK – To inspire meaningful connections, which enhance relationships and enrich lives.

NORWEGIAN CRUISE LINES – Defying cruise convention to deliver a liberating experience for all.

FIREFLY COACHING – To support entrepreneurs in creating a thriving business they love.

And while many of Roy’s clients are large companies, purpose is just as essential and relevant for small business owners and solopreneurs as it is for the big corporations. What’s more, it’s much easier to integrate in smaller organizations.  Fewer people to involve.

So if you already know the purpose of your business, make sure it’s essence is expressed throughout your marketing.  If you’re not sure about your business purpose, now is the perfect time to unearth it.

One of the ways Roy recommends to discover the purpose of your business is to ask these questions: “Why do you do what you do?  Why is that important to the people you serve?  Why does the existence of your organization matter?”

He points out that your purpose is not a tagline and that it is not about the ‘how’ of doing what your business does.

Once you’ve determined your business purpose you can let it guide you in every aspect of your business.

So what does your business purpose have to do with marketing? Think about it, if you are crystal clear about your purpose and it comes from your heart then implementing your marketing will feel authentic and exciting instead of pushy and painful.

Imagine how you would feel if you were deeply connected to the purpose of your business as you implemented your marketing.  If you’re like me, it feels empowering and inspiring.

Are you beginning to see how this will shift the way you approach marketing? You could actually enjoy it.  Even better, this shift can have a positive impact on the effectiveness of your marketing.

Simply stated, knowing the purpose of your business will support you in attracting more clients and growing your business.

© Stephanie Ward

http://www.fireflycoaching.com/

facebook.com/fireflycoaching

@FireflyCoaching

Articulating a Mission and Vision That Matters

Monday, February 20th, 2012

Maria Ross is chief brand strategist and creator of Red Slice, a digital elixir of stories and strategies to boost your business, your brand and your brain. She advises start-ups, solopreneurs and small to midsize growth companies on how to craft brands that engage, inform and delight customers. Maria is also a speaker, author and actress. The following is an excerpt from her book, Branding Basics for Small Business.

It’s funny how entrepreneurs and employees alike get caught up in the tactical details of their business on a daily basis, but when faced with the ultimate question – why do you do what you do – they seem to freeze up. My theory is that a lot of the meaning behind the company mission is so “feelings-based” that we often find it hard to articulate it in the right words.

I help clients with the mission and vision statements only after we think though the Brand Strategy. Why? The mission and vision become much more clear at you move through the branding process. As you think about your company’s reason for being, your goals, the image you want to project, and the people you serve, you begin expanding your definition of what you want your company to be. I find just talking to a business owner and asking, “Why did you start this business?” can yield the seeds of a mission or vision statement. They use certain words or phrases over and over again. As you think through the Brand Strategy, certain themes that consistently emerge will be strong clues to your mission and vision.

The mission and vision not only help you keep the end in mind at all times, they will also inspire your customers –and your employees. Yes, we know your primary goal is to make money, but customers and employees want to connect with your business on a deeper level. They want to know their buying choices and work efforts are relevant to a higher goal. This motivates people and helps them form loyal connections.

So what is a Mission statement?

Your mission statement is a precise definition of what your organization does on a daily basis and what you want to accomplish. It should describe the business you’re in and provide a definition of why the organization exists. Try and keep this to one or two sentences in length. Some example mission statements:

“Make flying good again” (Virgin America)

“Our mission: to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.” (Starbucks)

“To provide effective means for the prevention of cruelty to animals throughout the United States” (ASPCA)

Women for Women International provides women survivors of war, civil strife and other conflicts with the tools and resources to move from crisis and poverty to stability and self-sufficiency, thereby promoting viable civil societies. We’re changing the world one woman at a time” (Women for Women International)

As a personal bias, I think mission statements like, “To provide the best customer service and product quality” are too generic. Try and put your mission statement in the context of what you do, while still leaving room to expand your offerings. The mission at Red Slice, my firm, is “To engage, inform, and delight your target audience.” This has to do with providing marketing and branding strategies that get attention (engage), letting audiences know a bit more about the company and why they’re different (inform), and providing a connection (delight.) Incidentally, this is my personal mission in all my writing and workshop pursuits as well, so it applies broadly to other services the business offers and leaves room for growth.

Small businesses can create a mission statement so inspiring they may not require a vision statement. But if you have a loftier goal in mind for the future of your company, then a vision statement is a great way to frame that.

Articulating the Vision

Rebecca Rodskog of Rodskog Change Consulting helps businesses and individuals get from Point A to Point B. As an experienced change management consultant and personal development professional, Rebecca is often tasked with crafting vision and mission statements for complex projects, so companies don’t lose sight of the end goal. She also creates mission and vision statements for individuals. Rebecca advises clients who are creating a vision statement to ask themselves: “What is your ideal preferred future?” and be sure to:

  • Draw on the beliefs, mission, and environment of the organization.
  • Describe what you want to see in the future.
  • Be positive and inspiring.
  • Don’t assume the system will have the same framework as it does today.
  • Be open to dramatic modifications to current organization, methodology, teaching techniques, facilities, etc.

Ask yourself:

  • Where will my company be in the long term? Will it be the premier provider of a particular product or service? Will it be in the top ten international players in a particular market?
  • What is the ultimate “to-be” state for my company?

You may not require an actual vision “statement”, as long as you can paint a clear, compelling picture that drives the business forward. These could be ideals or lofty goals that rally the internal troops and help customers connect with you. Below you’ll find sample vision statements from several companies.  You’ll note these contain ambitious visions that go beyond day-to-day operations and the specific market spaces in which these organizations play today. They paint a picture of an ideal future if the business does well:

Women for Women International envisions a world where no one is abused, poor, illiterate, or marginalized; where members of communities have full and equal participation in the processes that ensure their health, well-being and economic independence; and where everyone has the freedom to define the scope of their life, their future, and strive to achieve their full potential. (Women for Women International)

I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning him safely to the Earth. (President John F. Kennedy, 1961)

Coca Cola’s vision statement is actually a multi-part credo:

People: Be a great place to work where people are inspired to be the best they can be.

Portfolio: Bring to the world a portfolio of quality beverage brands that anticipate and satisfy people’s desires and needs.

Partners: Nurture a winning network of customers and suppliers, together we create mutual, enduring value.

Planet: Be a responsible citizen that makes a difference by helping build and support sustainable communities.

Profit: Maximize long-term return to shareowners while being mindful of our overall responsibilities.

Productivity: Be a highly effective, lean and fast-moving organization.

In summary, your mission is what drives you on a day-to-day basis.  It’s the reason your product or service is in existence, and it defines the “why” behind the thing you’re creating.

Your vision is the end state: what you ultimately want your company to become and the impact you want to have on your customers and the world. Your mission and vision create the framework and inspiration your organization and its employees need to be successful. An old Japanese proverb eloquently states the important symbiotic relationship between vision and action: Vision without action is a daydream. Action without vision is a nightmare.

© Copyright 2010, Red Slice LLC.  All other companies or works cited remain the copyright of their respective owners.

What’s Your Mission?

Friday, February 17th, 2012

A Mission Statement is: Truth. Purpose. Originality.

Writing a mission statement doesn’t have to be rocket science. Writing a mission statement simply has to be able to convey truth, purpose, and originality. Most often a mission statement expresses the overall picture. The overall sentiment you would like your customer to envision as being associated with your business. To get you thinking about your own mission—be it personal or professional—we have selected a few CRAVE entreprenesses whose objectives convey their purpose boldly and effectively.

“It is our job and mission to undo preconceptions about pain and possibility. You do not have to suffer; you do not have to accept pain; you can do more. We specialize in the possibilities of the body.”
—Nancy Bogart, owner of Balanced Place, CRAVE Los Angeles

“Our mission is to empower women by building confidence and self-esteem through fashion.”
—Kathleen Kohut, owner of Kathleen’s Closet, CRAVE Toronto

“Mac ‘n Cheese Productions helps people craft a personal fulfillment tool-belt to use in designing a life satiated with Yes!”
—Saya Hillman, owner of Mac ‘n Cheese Productions, CRAVE Chicago

‎”Evolutions School of Dance aims to create an open door policy for students and parents while fostering a fun, positive and safe dance environment that provides students with the freedom to become creative and confident dancers, while maintaining their individual expression.”
—Stephanie Nichole, owner of Evolutions School of Dance, CRAVE Calgary

“Helping others achieve rockstar results with a rockstar attitude.”
—Meryl Hooker, owner of Meryl Hooker: Sales Rockstar, CRAVE DC

Please share your mission statement in the comments! Don’t own a business? We would love to hear your personal missions too!

Bring Back the Balance: Top Takeaways from our Amsterdam CRAVE Chat

Friday, February 3rd, 2012

We are all constantly seeking balance—in our daily life, work, family, and also with friends.  In January, CRAVE explored this theme with other entrepreneurs.  For many of us who attended, we concluded that “finding balance” is really an awareness in ourselves and allowing ourselves to recharge.  Some of us recharge through fitness or yoga, others watch TV or volunteer their time. Whatever you do, enjoy those moments.

Here are a few key points from our speakers.

Speakers: Athalie Stegeman (eBusinessBooster)
, Daniella Rubinovitz (Atelier Molenpad), and Kyrin Hall (Health Consultant)

Athalie Stegeman: “You having no clear proposition can be translated into many opportunities

  • As a working mother, wife and entrepreneur, it is important to keep track of your thinking patterns and how you position yourself in all your roles.
  • Be aware of your priorities and do not overload yourself.
  • Encourage a sense of who you are in all that you do and make sure that what you do coincides with your principle goals as an entrepreneur.
  • Always touch base and reconnect to re-energize: Take a day off if needed, organize that filing you have been procrastinating on and don’t forget to spoil yourself sometimes.
  • To be an entrepreneur, it is important to be innovative and think of ways to improve your reputation by outsourcing services that you have no knowledge of instead of doing it yourself. It takes time and you lose revenue in the process.
  • Trust people enough that they will do the job well for you.
  • Do not reject your interest in many things; it is always good to play around with your different passions.

Daniella Rubinovitz: “Balance is Dynamic,”Action breeds more balance,”  ”Online Media has no borders,” “I work best visually”

  • Combine creational play with rational must-do’s and keep it in the flow.
  • The shape of the infinity symbol represents the flow of balance and the dynamism. It is the combination of the left and the right brain that makes it possible to think (if you are a thinker) and to be creative (if you like to let your creative juices to flow).
  • Just play to regain your balance at times.
  • Visualize your actions.
  • Set yourself free by discovering new ways to make space for new things, e.g. Utilizing folders to categorize your priorities – From most important tasks for the week to future plans. In this way, you are able to keep track of your actions.

Kyrin Hall: “Visualize your body as a Ferrari and Food as the fuel,” “When wearing many hats, key value is good health”

  • Begin to see your body as a balance of hormones and when you feed your body certain food, it gives you the energy of the food you have eaten.
  • For some, yoga allows you to keep the flow in your body and keep your mind focused.
  • Once your mind is focused, the body follows.
  • Longevity and a balanced mind are related to eating breakfast, having 5 meals a day (each meal with 3 hour intervals), keeping away from stimulants such as coffee, cigarettes, minimizing sugar and keeping active.
  • Imbalance occurs when your actions are not in alignment with your values.

How do you handle balance?  Feel free to share your thoughts and tips.

Whatever your Balance is, make sure its true to you!