Wednesday, May 19, 2010

The Importance of being Market Savvy with Megan Walker

Today I was lucky enough to attend a Business Luncheon held by the Wynnum and Districts Chamber of Commerce. It was during this luncheon that I listened to Megan Walker, from Market Savvy, wrap up in just 30 minutes, the ten very important steps one must consider when starting a new business.



Now, call me biased, but Megan was very quick to point out the importance of consulting qualified accountants during the Business Planning phase (step 1)(thanks for the plug Megan!). She expressed how crucial it is for a new business to get the right professional help about various aspects of finance, and to have it all set up correctly right from the START.



Now this wasn't the only thing I picked up from Megans speech. Megan ran through nine other steps, viz;


  1. Business Planning (mentioned above)
  2. Research - is your product desired by a market?
  3. Goals - who is your target market...not everyone, we are not MacDonalds!
  4. Strategies - how do we attract our market
  5. Skills - do we have the skills to get the market? If not, get them (eg outsource).
  6. Branding - what you want to be known for
  7. Key Messages - words of value for your customers (not what you think is valuable)
  8. Marketing Materials - what type? what is relevant to your business?
  9. Promotional Activities
  10. Sales - this is last!!

She also said to "Resinate" (the desire for your product), "Differentiate" (what's unique about your product/service, what makes it the best), and "Substantiate" (generate a trust in your product).

I found today's luncheon particularly worthwhile, and with the tools Megan provided us with today, I am sure we can all become more "Market Savvy!".

Thanks Megan!


~Me (Samantha Monahan) pictured with Megan Walker from Market Savvy~

Are you sabotaging yourself?

This was the question raised to the group last week at The Kitchen Table Network by Mark Edmonstone, former professional Rugby League Player, and motivational business speaker from Edmonstone Dynamics.


Mark's Mantra "Feel the fear, but do it anyway" is what made him a both a highly successful rugby league player (he represented Britan), and businessman, and it lead into him discussing with the group "Real Fear vs Imaginary Fear".


Real fear being something that you know could actually happen (he used his example of the very real possibility of being seriously hurt while playing rugby); and we have two basic choices when it comes to Real Fear: Fight or Flight. That is, either prepare yourself; become stronger, fitter, or smarter and fight; or high-tail it out of there!


On other hand, Imaginary Fear are those fears we "think could happen", often due to past experience. It is not a real fear...it is something that might happen...a classic example is a fear of rejection (in business or in personal relationships). It is these fears that will, it we let them, lead us to "sabotaging ourselves". A classic example is ones fear of providing a quote to a potential client; "what if they think it's too high?".


So how do these fears even evolve? Mark suggests that it is a learned behaviour which stems from the Schooling system and the home (yes, us parents might just be teaching our children to "fear the imaginary"). So he is determined to help us "unlearn the biological behavior".


Mark urged us to challenge these "imaginary fears"...."feel the fear and do it anyway".

Mark Edmonstone is living proof that by facing our fears, both real and imaginary, we can be successful in both life and business; because after a while these fears fade away. This is not to say we will never be fearful again....fears are a natural part of life! But rather than sabotaging ourselves in the first instance, how about we challenge them, or even better, turn them around and make them work for us!


~Mark Edomonstone pictured with Jackie Price and Kerry Stewart-Haynes from the Kitchen Table Network~

Tuesday, March 30, 2010

Tuesdayitis...Easter Breakfast....

As I usually do every second Tuesday, this morning I attended the Tuesdayitis Breakfast Group, which is run by the Wynnum and Districts Chamber of Commerce. I've always found this group very supportive, and often informative...and sometimes, a whole lot of fun!


So this morning, in keeping with the Easter theme one of our members, Annie Thompson, from Employment Services Queensland, brought along her Easter Basket, filled with Easter goodies, as well as some Easter Head Dresses for us all to wear! Thankfully I was one of the first there so I got pick of the ears!


It was a lovley morning, especially with the added Easter Treats provided by Les and Heather from Michele's Patisserie....mmmm gotta love those Easter Biscuits!


Below are some pic's taken with my phone from this morning's meeting (please excuse the poor picture quality...but you'll get the idea).



~Johnathan from Wynnum Plaza~

~Paul from Top Show Music~

~Tuesdayitis Group with our "ears" on~

~Darren from Refund Home Loans and Annie Thompson from ESQ~

~Lorraine & Dennis from Ink Jet & Laser, and Paul from Top Show Music~


~Lorriane & Dennis~



Samantha

Thursday, March 25, 2010

We're Live!!


Leesa and I have the most exciting news...

We are proud to announce that the official Advanced Bookkeeping & Consulting Website has been launched today! Hooray!

It would not have been able to happen without the wonderful help from Karen Collins from Focussed Online (stunning web designer who creates simply stunning websites), and Wes Swindle from Lithium Solutions (webhosting and domain name expert!). So a really big Thank You to you both!

I would also like to add that I am writing this blog post on my brand new Lenovo laptop - curteousy of Alex & Nick from 9Spheres Technologies. A really big thank you to you both as well (especially considering how long it took to get it up and ready...bloody Norton 360!).
So be our guest (please) and take a look at our Website!

http://www.samsabc.com.au/

(Please note; The Client Login area is a special place just for our clients where they can access various checklists, training material and other helpful bits and peices).

Talk to you soon,
Samantha & Leesa

Wednesday, March 24, 2010

Official Member...

The Wynnum Chamber of Commerce had a New Member Induction function this evening, and being a new member, I was invited to attend. It was a lovely evening because not only did I receive my "official member" certificate (framed and everything!), but because I was able to mingle with more like minded, local business people.

During the evening the March Madness Week was also launched. During this week all Wynnum Business owners are encouraged to display their "Mad-Hatters Poster" advertising their "Mad-Discounts". This event is designed to encourage locals to spend locally, and was organised by Deirdre of PaperTrendz, Brett from Wynnum News & Susie Jones (really sorry Susie, I didn't catch which business you represent so please let me know!). During the March Madness week there will be buskers, street performers and music for all to enjoy!

The Wynnum & Districts Chamber of Commerce is rapidly growing in memberships, and I am proud to be a member. And any local business out there should definitely consider joining their local chamber as they provide an excellent forum for business development, as well as an excellent source of referral business.


Me pictured here with my framed "Official Member" Certificate
(thanks Annie for being the photographer!)

Until next time...take care...and don't forget to call us first if you need any help with your bookkeeping!
Samantha

Thursday, March 18, 2010

Are you talking to people in the right language?

I attended TKTN meeting this month, and enjoyed a particularly interesting keynote speaker. Her name is Colleen Walters, and she explained the importance of knowing the type of person you are talking to, and then adjusting your approach when engaging them. The technique she uses is called D.I.S.C.

Now I know what you're all thinking..."not another acronym!", or "is this anything like the colours?". I realise that there are several similar concepts out there for identifying people personality types...but this one really "spoke to me", so I thought I would share it (albeit in a summarised way).

Basically, using the D.I.S.C. system, there are four personality types; Dominance, Influence, Steadiness and Conscientiousness.

Below is a table that summarises the various motivators for each personality type.

DISC Personality Traits Table

PERSONALITY

MOTIVATIONS

RESPONDS TO

CLOTHING

CAR

ALSO TO NOTE

Dominance

· Thrive on a challenge

· Control “freaks”

· Be direct, and never repeat yourself!

· Get to the point

· Punishment: “This was not the best option, how do you think you should be punished” – give them control.

· Black, black, and more black...with a teeny bit of white.

· Square toed shoes

· Very little embellishments (like they have time for that!)

· 4WD

· BMW (staus car)

· Calculative

· Always right...unless it advantages them to be wrong of course.

· Can be “steam-rollers”

· NOT “touchy-feely” – they may take your hand off!

Influence

· Recognition

· Popularity/approval

· Social atmosphere

· Democracy

· “Pretty/shiny things”

· Punishment – take the pretty things

· Bright clothes

· Highly accessorised

· Convertible

· Life of the party

· Centre of attention

· Lack focus / easily distracted

· “Touchy-feely”

Steadiness

· Security

· Appreciation

· Assurance

· Relaxed and calm atmosphere (shy away from hostility or confrontation)

· Needs defined goals

· Will get the job done, but own pace.

· Punishment – “I’m disappointed in you”

· Soft tones that don’t stand out.

· Matching suit

· Prefers to blend in.

· Family car – Falcon, Commodore

· Less direct

· Supportive

· Talk slower

· Often speak last...but what they say is very profound

· Thinkers

· Love HUGS!!

Conscientiousness

· Quality answers based on fact

· Excellence

· Value

· Detail – oriented

· Must be right (facts)

· Succinct answers – useful data only

· Prove them wrong through fact

· Often have only a few favourites, usually a suit so as to minimise decision making

· Deciding on a car is just way too hard for these personality types!!!

· Decision making can be hard - like to have all the facts first

· Control through influence (facts)

· Often accountants or engineers

Acknowledgements: Some of this information is taken directly from the notes provided by Colleen Walters, and some is a summary of notes taken during a speech by the same person.


Of course, this is not an exact science. Personality traits are never that clearly defined, but still, you may find this table useful in various ways; whether it be when talking to a prospective client, negotiating a new contract, or even disciplining your children! (which is why I found this system so useful).

I know my personality trait...do you know yours? Your husbands? Your best friends? It's a fun and interesting exercise...give it a try and then try and put this information to use.

Until next time, thanks Colleen for such an interesting insight into me, my family, and my colleagues.

It's by for now from this "C".

Samantha

Thursday, February 11, 2010

Kitchen Table Network...

February marked the re-start of various networking groups, including one of my favourite, The Kitchen Table Network.

Advanced Bookkeeping & Consulting was represented by yours truly at both the Wynnum Chapter last week, and the Cleveland Chapter today. And I have to say, they have really kicked things off with a bang! Both sessions introduced very inspiring guest speakers.

At Wynnum Sonja Falvo dazzled the group with her presentation about the "6 Ways to Position Yourself as an Expert in Your Field". I'm telling you, the entire group was listening so intently we didn't hear the commotion of the boats in the harbour in the background! Sonja is truly a clever lady, and one of those people who have stacks of energy that seems to transcend upon you while you're listening...now if only I could find my notes from the meeting...arrrggghhh...so if there are any other TKTN ladies out there who attended...can you please lend me your notes?

Today at Cleveland Carren Smith encouraged the group to remove our "masks" and enlightened us on "The Art of Authenticity", and how to achieve real life congruency. I was honestly inspired, and got me thinking about my life experiences and how I could help others by sharing them...but that's another project for later...so stay tuned...

Thanks again Jackie and Kerry for starting my networking year off in a very worthwhile way!

Kind Regards
Samantha

Followers

Contributors