A small business vision can be compared to planning a holiday! People usually decide where they want to holiday based on the offerings of the destination.
If it is a vacation just to chill out they may go to Bali. But if it's for shopping, then Dubai may be their choice. If it's to climb the Sydney Harbour Bridge then they will go to Sydney, Australia.
Holiday destinations are determined by desires, with a few restrictions like budget and time available.
The same should apply to your small business. In 5 years time what do you want your small business to look and feel like?
Do you want a large street frontage or small office at home?
Do you want to be actively involved or have a manager controlling your employees?
How many employees do you want?
Do you want a business with excellent cash flow or a business that is worth a large sum of money when sold?
Answers to these questions and much more will help to provide a clear vision of your small business in 5 years time. And often this will completely shape your growth.
The majority of small business owners start a small business based on their trade or what they know. They never usually give much thought to their small business vision.
While it's comforting running a small business using the skills you have, sometimes this can be a recipe for disaster.
Business should be kept simple and always be fun. But business owners tend to make a simple thing into a complicated thing and let others control them.
Your small business should be providing a better lifestyle for you - more money for less hours worked. But this is hardly ever the case; it's more like working 60+ hours a week for about $4 an hour.
Why is this so?
Because small business owners have never sat down and thought about their vision. They don't know where they are heading, they have nothing to aim for. They don't have a crystal clear vision so they allow day to day activities to control where they are headed.
Decisions are based on what happened that day, instead of the business vision you are working towards.
Take the time now and think of your small business vision.
What will your small business look like in 5 years?
Why should your customers remain loyal to your small business?
How will you dominate your competitors and keep them wondering what you will be doing next?
What will make your small business attractive to any buyers?
What are all the potential risks?
Think carefully about these questions and then write your vision down. This will immediately tell you, the universe and anybody else, exactly what you are creating.
It gives you a defined target to aim for and achieve.
Small Business Failure Statistics
If you have dealt with many people in the Internet marketing field, you have undoubtedly run across "The Whine". This is an attitude filled with self pity, the desire to have the rewards of Net marketing without paying the price, and often a great deal of hostility. It is an almost 100% certain path to small business failure.
If you aren't familiar with The Whine, two examples will clarify this deadly attitude that you want to avoid at all costs.
I reward those who subscribe to my auction ezine with a free ebook that I wrote. One morning when I opened my email I found two emails from new subscribers - apparently the link to my book was broken. One subscriber simply explained the situation and asked for a remedy. The other sent me the email below:
Subject line: SPAM Complaint
I WAS PROMISED "HOW TO SUCK UP CUSTOMERS FASTER THAN A VACUUM CLEANER ON STEROIDS" FOR SIGNING UP FOR 'AUCTION GOLD' BUT WAS TAKEN TO A PAGE TELLING ME THE ITEM NO LONGER EXISTS...
DON'T YOU THINK EVERYONE SHOULD NO ABOUT THIS ON DISCUSSIONS BOARDS EVERYWHERE? I DO!
My response was courteous and professional – and very firm. I explained the link problem and assured him that the book did indeed exist. I also expressed my curiosity over how this was a SPAM complaint when HE contacted us and not the other way around.
I expressed my dismay over the aggressive and hostile stance he had taken before even bothering to ask about the book. And further, I politely told him that we would not be a good match and I would make certain he would not be bothered by emails from us in the future.
In other words, I did not want him as an ezine subscriber or customer.
I received a reply from him which said he reacted that way because he had been “ripped off in the past”. Further, he “demanded” a copy of my book.
There it is ... The Whine. He's been ripped off in the past, and that's a justification for rudeness and hostility (though he could be cheated when the book was free was a mystery to me).
Have you ever been “ripped off”? If you haven't, it's because you haven't bought much of anything. I have wasted thousands of dollars on material that has gained me nothing.
But you know what? I don't regret it. It's a necessary part of the apprenticeship fee that I paid to learn the net marketing business. I still buy things often – ebooks, software, services. But I rarely buy wrongly anymore. Why? Because I've learned the business well enough to recognize value when I see it. I am so blessed to be in this exciting, wonderful Internet world. Some wasted money is a small price to pay.
As a little girl, once I got past the fairy princess and movie star stages, all I ever wanted to be was a teacher. To realize that dream cost me four years of hard work in college and many thousands of my parents' dollars.
Further, once I had a teaching position I went on to get advanced degrees. That cost me many summers, most weekends, thousands more dollars and long days of going to class after working all day. No complaints – it's just part of the price I paid to do what I wanted.
So, why do people assume that having a net business should require no sacrifice or preparation? Once I was coaching a new auction student, explaining how she could get started. I asked her if she had any questions and there was a long, long silence. Finally, in a whiny voice she replied, “That sounds like a lot of work”.
Well, guess what ... it is! And here's the analogy I used for her: If I created a $10,000/month auction business and just handed it over to her .. free gratis ... “Here, it's all yours.” - what would happen?
I can assure you that in a very short time it would all fall apart, because she didn't have the skills she needed to keep it going! It's like starting the first grade and being assigned to an algebra class. Skills build on each other and there's no way around the learning curve.
So, The Whine will kill you in this business. Don't blame others, no matter what. Take responsibility for your actions and get to work. Decide what you want, and start looking for mentors who can help you find it.
Both Ian Mcconnell & Sydney Johnston are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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