Archive | July, 2009

How to Attract Clients as a Speaker

From time to time as SmallBizLady, I conduct interviews with experts that could benefit my audience. This is excerpts from my #smallbizchat interview on Twitter with professional speaker Marquesa Pettway @speakertalk. Marquesa speaks in approximately 10 cities or states per month elevating and transforming audiences. Marquesa is a leader in Toastmasters, Iota Phi Lambda, and the National Speaker Association which gives her opportunities to help other speakers.  If you are interested in building a career as a professional speaking her coaching website is www.NationalCenterSpeakerTraining.com.  She also hosts a popular radio show http://www.blogtalkradio.com/speakertalk.  I even worked with Marquesa years ago when I first started speaking professionally.  She is an excellent resource.

SmallBizLady:  Why is public speaking a great way to attract clients?

Marquesa Pettway: Public speaking allows you to reach a lot of potential clients at one time and build instant rapport.

SmallBizLady:  What are the key attributes for being a successful speaker?

Marquesa Pettway: Understanding storytelling, if you can learn to be persuasive and be authentic, the audience will love you

SmallBizLady: What is the speaker platform?

Marquesa Pettway: The speaker platform is any opportunity you have to speak publicly about your expertise.  If you have a speaking platform you are adding professional speaking to your business model. You are marketing yourself as a paid speaker.

SmallBizLady:  Do I need to have a specific expertise to be successful speaker?

Marquesa Pettway: It’s important to be perceived as an n expert for the topic you choose to speak on, people buy from experts. Know everything you can about your expertise.

SmallBizLady:  If speaking terrifies me, what should I do?

Marquesa Pettway: practice, practice, practice, start with toastmasters for support

SmallBizLadyIs it important to practice before attempting to do a presentation?

Marquesa Pettway: Absolutely you need to practice.  Speaking is a real skill.  You need to practice speaking in clear thoughts that people can grasp.  Toastmasters is a great resource and doing free speeches is another good way to practice.

SmallBizLady:  How often should I speak and should I charge?

Marquesa Pettway: Speak as often as you like, the more you speak, the better you become, the more you can charge.

SmallBizLady: What if I’m not getting paid, is it worth it?

Marquesa Pettway: Yes, you can get paid in other ways, quality recordings that can be used as demos, introductions to decision makers, back of the room sales, consulting and coaching opportunities, etc.

SmallBizLady:  Is it ok to sell products or services from the platform? If so, how?

Marquesa Pettway: Yes, keep it short and make your sales pitch very simple, but remember you must deliver tons of value for free and do not oversell, it will turn the audience off.  Make an irresistible offer that is only good for that presentation; sense of urgency and make it easy for audience participants to sign up.

SmallBizLady:  Are there any systems I need to set up for success as a speaker?

Marquesa Pettway: Yes, a one page sign up form.  A one page form for evaluation and referrals in one. Offer a prize to get the email address of all audience participants. Have help and keep it moving.

SmallBizLady: What are the basic marketing materials I need to get speaking engagements?

Marquesa Pettway: To book speaking engagements you need to prepare a speaker one sheet, your signature speaking topics, a basic website, and have a positive attitude. Use this link as a guide http://TwitPWR.com/mN4/

SmallBizLady:  How do I prepare for questions that my audience may throw at me?

Marquesa Pettway: Anticipate the questions in advance by preparing at least 10 questions.

SmallBizLady: How do I follow up once I speak?

Marquesa Pettway: Contact people from the evaluation/referral forms

If you found this interview helpful, join me on Wednesdays 8-9pm ET for @SmallBizChat on Twitter.  For more tips on starting or growing your small business subscribe to Melinda Emerson’s blog at http://www.succeedasyourownboss.com

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25 Small Business Experts to Follow on Twitter

Social media is a powerful tool for would-be and existing small business owners. I have used Twitter often to reach out to people that I would never be able to reach otherwise. Now I am sharing my top list of professionals on Twitter, who I believe have real value, and are generous with their expertise.

If you’re serious about starting your own business, you’ll need first-hand advice from successful entrepreneurs.  Twitter is a great resource for making contact and learning critical business information, from small business experts, branding professionals and finance experts, so check out our list of 25 small business experts you should follow and learn from on Twitter.

1.      @smallbiztrends: Anita Campbell is one of the top smallbiz experts as CEO of a Smallbiztrends.com an online community with business blog posts, marketing news, and industry trends.

2. @kgreenstreet Karyn Greenstreet is a business coach and mastermind group expert.

3.      @mashable: Pete Cashmore is the CEO at Mashable who frequently tweets really useful articles about business tools and technology.

4.      @zimblermiller is a social media strategist and branding coach.

5.      @chrisbrogan: teaches people how to use social media to grow  your small business.

6. @richelleshaw: small business expert for women

7. @sidehustlecoach: Lawrence McClutchen help you transition from moonlighting to fulltime entrepreneur

8. @Typeamom: is a great social media strategist, momblogger and expert work at home mom.

9. @Merylkevans: is known as the content maven and professional blogger since 2000.

10.  @copyblogger: Brian Clark is writer turned professional blogger.  He’s great on having freelance success.

11.  @cathywebsavvyPR: She’s a pro at social media strategy, web marketing, PR and more.

12.  @FranchiseKing: Joel Libava is a marketing and business consultant.

13.  @smallbiztweets: Alex Bellinger’s small business podcast is full of information for entrepreneurs.

14.  @dmscott: David Meerman Scott has written ground breaking books including The New Rules of Marketing & PR and World Wide Rave.

15.  @problogger: Darren Rowse teaches how to use Twitter and blogging to grow your business

16.  @deniseoberry: Denise O’Berry of justforsmallbusiness.com is author of cash flow management

17.  @getresults John Reddish is the succession planner, he helps you plan what comes next.

18.  @DIYMarketers: Learn Do It Yourself marketing tips from Ivana Taylor.

19. @taigoodwin The career makeover coach help you develop your entrepreneurial mindset as you transition for worker to business owner.

20.  @startupprincess: Kelly King Anderson helps women entrepreneurs grow their businesses.

21.  @shelisrael: Shel Israel has written books like Twitterville: How Businesses Can Survive in the New Global Neighborhoods.

22.  @StefanW: Great links to articles about starting a business, managing your money, using budget-friendly marketing techniques, etc.

23.  @lenawest: Social media maven and successful entrepreneur

24.  @absolutelytrue: This entrepreneurial mom shares tips for web design, content development, and more.

25. @TPEntrepreneur Mike Michalowicz, “Mr. TPE” gives great advice for first time entrepreneurs.

If this list has helped you, please Tweet it and help spread the word on what I am all about at www.succeedasyourownboss.com

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Podcasting for Your Small Business

From time to time as SmallBizLady, I conduct interviews with small business experts that could benefit my audience. This is excerpts from my #smallbizchat interview on Twitter with @podcaststeve.

Steven L. Lubetkin, operates Professional Podcasts LLC, an award-winning producer of radio, TV and other multimedia content distributed over the Internet as podcasts. Steve is a Senior Fellow of the Society for New Communications Research, a global think tank for advanced study of new communications tools, technologies and emerging modes of communication, and their effect on traditional media, professional communications, business, culture and society.  He contributes to AllVoices.com and NowPublic.com.

Steve published an article on podcasting in Bank Marketing Magazine. The download is available at http://www.lubetkin.net/docs/ABABankMktg-Podcasting.pdf

Smallbizlady: What is a podcast?

Steve Lubetkin:  A podcast is just an audio file distributed via the internet. People can download to mp3 players or onto a CD and play in car, while working out etc.

Smallbizlady: Why should small businesses do podcasts?

Steve Lubetkin: No one under 35 reads newspapers or looks at ads. You need to be high up in Google search. Podcasts help a lot!

Smallbizlady:  Is it expensive to produce podcasts?

Steve Lubetkin: No. You can do it yourself, although it should sound professional. All you need digital audio recorder and a computer. There’s good free software to edit.

Smallbizlady: What recording devices do you suggest?

Steve Lubetkin:  Check out BSWAudio www.bswusa.com for recorders. Olympus makes several under $150

Smallbizlady: What free software programs should you use to create and edit podcasts?

Steve Lubetkin: A good free recording/editing software is Audicity.  It is available for Mac and PC. Garageband is another MAC option. If you do not have a recording device, use can Skype to record an interview over the free internet phone service using the software Pamela (a free software program) on your computer.

Smallbizlady: Shouldn’t it sound like I’m not a professional?

Steve Lubetkin: Absolutely NOT! See top 100 podcasts in iTunes. They are mostly professionally produced. People prefer good quality pods. Don’t scrimp.

Smallbizlady: What should podcast include?

Steve Lubetkin: Don’t do a commercial. Be real, talk about your expertise in interview format, try not lecture! Small businesses should use to show they are experts and have solutions for clients. Anything you could hear on radio or see on TV you can do in a podcast. It’s your own radio or TV station. Be creative!

Smallbizlady: What are good resources for learning how to produce podcasts?

Steve Lubetkin: Tod Maffin’s book, http://todmaffin.com/book; NPR book Sound Reporting, http://bit.ly/9lFlW – as for free resources, try About.com has podcasting pages, Blubrry.com & libsyn.com have how-to features.

Smallbizlady: Can you list some free sources where I can host my podcast?

Steve Lubetkin: I suggest libsyn.com, podbean.com, blubrry.com they are all good podcast hosting platforms with RSS and other cool tools.

Smallbizlady: What about the fee-based podcasting services?

Steve Lubetkin: Powweb or Globat are low cost options and they work well with WordPress.

Smallbizlady: How does Google find my podcast?

Steve Lubetkin: RSS feed is important, consider feedburner.google.com. Learn about text metatags, embed in podcast mp3 files.  Metatags are text fields you fill out using your recording program or a tag editor program. artist, title, genre, keywords, etc.

Smallbizlady: How do I get my podcasts listed on iTunes?

Steve Lubetkin: An iTunes supported RSS Feed will automatically be generated for you by your hosting service such as Podbean. You need to Set iTunes options. Podbean provides an easy-to-use iTunes setting preview page. You can easily change all iTunes related options in this single page by clicking on ‘Settings’ in the main menu, then selecting ‘iTunes/Advanced.’ Once you set these options up, they submit your podcast to iTunes and it shows up in the store.  For additional info on iTunes check out podcast specs at http://is.gd/1Fonk

Smallbizlady: Shouldn’t it sound like I’m not a professional?

Steve Lubetkin: Absolutely NOT! See top 100 podcasts in iTunes. They are mostly professionally produced. People prefer good quality pods. Don’t scrimp.

For more tips on starting or growing your small business subscribe to Melinda Emerson’s blog at http://www.succeedasyourownboss.com

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Niche to Get Rich

From time to time as SmallBizLady, I conduct interviews with small business experts that could benefit my audience. This is excerpts from my #smallbizchat interview on Twitter with  Isabella Murphy @nichelady.  She’s a Product Creation Specialist, Niche Marketer – CEO of Staying Paid.com – making payday come everyday through strategy, not chance!  She is a professional writer, and blogs for pleasure and profit. The Nichelady is generally known on the Internet for such concepts as “staying paid around the clock” and “leverage.”  She can be reached at nichelady@gmail.com

SmallBizLady: What is @smallbizchat?

Isabella Murphy: The perfect way to approach a niche audience – get connected & stay connected, share real-time experiences

SmallBizLady: Thank you Isa, I appreciate that you think so highly of what we try to do on #smallbizchat.

SmallBizLady: Lets get started. What is a niche?

Isabella Murphy: A niche is small enough to both highlight & appreciate your focus on them, but large enough to create products & services 4

SmallBizLady: What are the benefits of niche marketing?

Isabella Murphy: The benefits of niche marketing – lower advertising costs compared to “untargeted” ad campaigns (read: anyone who does X) Another benefit is ease of entry – smaller group, easier to leverage passion & systematic product/content creation for sales.

SmallBizLady: What is a niche mentality?

Isabella Murphy: A niche mentality is when a small business owner knows up front that they want to be a specialist in their industry focusing on a specific audience of customers.

SmallBizLady: What is the difference between a fad and a niche?

Isabella Murphy: Seasonal niches or fads are fine as a business model if you go into it fully understanding that it’s a fad which represents a short term revenue opportunity.  It’s not a long-term business strategy – Good for leading in with limited time offers. Fads fade giving rise to other, related products to sell. Niches are strategic marketing positions in tan industry. You want a very specific customer.

SmallBizLady: How should a business owner find their niche?

Isabella Murphy: Take a realistic inventory of what you like to do what your friends/assoc/family are passionate about and/or annoyed about.  You find your niche often by seeing what people are either stark raving mad about or passionate about. I do a lot of trend watching.  I’m on trendwatching.com’s list. I also read the newsstand headlines & newspapers

SmallBizLady: How do you make sure your niche is viable?

Isabella Murphy: You need to be careful, with too specific a niche you run out of room to grow, with too broad of a “niche” and you don’t have enough time to really penetrate the market before you run out of financial resources.

SmallBizLady: What are the downsides of having too specific a niche?

Isabella Murphy: Not enough profitability – forced to leave the niche due to lack of sales – customers may only see you as a provider of that particular niche solution and may reject your attempts to eventually expand.

SmallBizLady:  Give 3 tips for evaluating a niche?

Isabella Murphy: 1) Can you spot their three biggest problems? 2) Can you solve their problems profitably? 3) Can you generate a specific customer profile

SmallBizLady: How important is it to niche as an online business?

Isabella Murphy: Very important! Ease of entry and lower resources make niche marketing one of the most level playing fields around, especially online.

If you enjoyed this Q&A interview, follow @smallbizchat on Twitter and please join us on each Wednesday for #SmallBizChat 8-9pm ET.

For more tips on starting or growing your small business subscribe to Melinda Emerson’s blog at http://www.succeedasyourownboss.com

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How to Participate in #Smallbizchat

What is #SmallBizChat? It is a weekly interactive talk show on Twitter for small business owners. It takes place every Wednesday from 8-9 pm eastern time. Participants and guests type answers to questions from the host, using the social media site Twitter. The focus of #SmallBizChat is to help business owners succeed as their own boss as they start and grow their small businesses.

For info on the upcoming Week’s chat and a link to the current Tweetgrid (see below for explanation), follow @SmallBizChat on Twitter.

Getting Started on Twitter

First, you need a Twitter account.  For details on Getting started on Twitter click this link http://succeedasyourownboss.com/06/2009/getting-started-on-twitter/

It’s a good idea to follow our Twitter account @SmallBizChat. Each week, we post a series of tweets about our guest and the topic for the week.

Terms you need know before we get started

  • Hashtag- The # symbol in front of any word creates a hashtag.   #SmallBizChat is a hashtag. Hashtags are used on Twitter to track information on a specific topic. Click it, and it will take you to the most recent conversation on that topic. In Twitter, you can put a #hashtag in the search box, and see what folks are saying about that tag at that moment too.
  • Tweetchat- is a Twitter talk show, using text messages on Twitter to interact with a weekly guest on a specific topic – using a #hashtag to help my people follow the same conversation.
  • Tweetgrid.com -a third party website tweetgrid.com which allows you to participate in a live tweetchat using three columns
  • Tweetchat.com- a third party website tweetchat.com which allows you to participate in a live tweetchat using one column

There are many options to participate in our live chat:

Using Tweetgrid for our Chat:

On Wednesdays, we put out a custom link to Tweetgrid.com making the chat easier to follow. Consider following our Twitter account @SmallBizChat for details on upcoming chats and links to each week’s TweetGrid.

By using the link, This mode automatically puts the #SmallBizChat hashtag on each tweet sent out in the chat. It allows other participants in the chat to see your comment as well.

Click this link for example of tweetgrid http://is.gd/1yu6j the far right column is where you can see anyone’s comments in the chat.  The center column shows this week’s guest and the host comments. You can use the far column for you own twitter account just put @ your twitter name and hit search.

You’ll notice above you username is a #hashtag box, which should say #SmallBizChat – if it doesn’t, please add it there, so that it adds that tag to each tweet you send.

In the center at the top of the page, you will see a box labeled Tweet, and below it one that says user:    and pass:      Fill out the lower two boxes with your username (without the @ symbol) and password. Putting your password into any program can be a risk, but this program has a good reputation.

To reply to a tweet, hover over it, and hit the left-facing blue arrow, type your information and then hit reply. To RT or retweet something, also hover over the tweet and click the right-facing blue arrow. Tweetgrid will RT something even if it is too long, but if you want to add anything to the comment, you may need to edit the tweet for space.

Things may move pretty fast, so to control the flow of tweets, hit the stop so that you can scroll down, just remember to hit the search to rejoin the active chat.  If you forget you’ll wonder why you are not seeing any new tweets.

Near the end of the chat: In the last five minutes of the chat, the host sends out a tweet allowing people to introduce them selves, or to give a 140 character commercial, so be ready to plug your business.

The host also tweets out info on next week’s guest and topic.

After the chat: Follow the people who you found interesting, continue the conversation if warranted.

Follow @SmallBizChat. Our Virtual Assistant @YourJobMyOffice creates a transcript each week, which is usually sent out via @SmallBizChat later that evening, and the next day.

Just a Note about Chats and Twitter Troubles: Sometime Twitter’s search function is running slow, either due to the volume of people using the service, or maintenance issues. Sometimes it can take a full minute or two for a tweet you sent to show, if this is the case, we persevere. If the slowdown is long, we may try switching to a different service, such as savorchat.com or we may cancel or postpone the chat. If this is the case, be sure to watch the tweets of our host @SmallBizLady, co-host @CathyWebSavvyPR, @SmallBizChat and our virtual assistant @YourJobMyOffice for tips on what we are doing.

For more information about various chats on twitter, and how people use them, check out these links:

http://www.twitip.com/tweeting-with-your-twitter-community-how-to-participate-in-a-twitter-chat/

http://www.meryl.net/2009/05/06/list-of-twitter-chats/

http://www.meryl.net/2009/05/05/how-to-join-twitter-chats/

Info on hashtags and how they work: hashtag info/explanation" href="http://twitter.pbworks.com/Hashtags" target="_blank">http://twitter.pbworks.com/Hashtags

Look up a #hastag to find info on “what the hashtag:” hashtag " href="http://wthashtag.com/Main_Page" target="_blank">http://wthashtag.com/Main_Page

We hope this explainer page will help you join #smallbizchat each Wednesday on Twitter.  Our goal is to help you succeed as your own boss as you start and grow your small business.

Good Luck!

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From Sidehustle to Fulltime Entrepreneur

I was recently interviewed by the Career Makover Coach, Tai Goodwin on #BlogTalkRadio. Here’s a link to the interview on repositioning from Employee to Entrepreneur – http://tobtr.com/s/567685 – below are a few takeaway tips from the interview:

  1. Save 20-40% of every paycheck to get prepared to start your businesses
  2. Kick the naysayers to the CURB!
  3. Add potential clients to your Kitchen Cabinet of Advisors
  4. Get a bookkeeper for help to set up your Quickbooks software on your computer!
  5. Get Yourself a “Personal Theme Song,” that you can play everyday to give yourself a boost as your work towards your business venture.

Now, head over to www.melindaemerson.com where you can download my free special report 44 Things to Do Before Going Into Business.

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Creating Signature Customer Service in Your Small Business

From time to time as SmallBizLady, I conduct interviews with small business experts that could benefit my audience. This is excerpts from my #smallbizchat interview on Twitter with Glory Borgeson @GloryBorgeson about creating signature customer service in your small business. GloryBorgeson is a business coach, speaker and author of the book “Catapult Your Business to New Heights.” http://tinyurl.com/m2rzho

SmallBizLady: Why is customer service such an important part of an entrepreneur’s business?

Borgeson: Customer service is your own built-in marketing machine. When you provide great service for your customers, they remember it, and you get known for it. Also, you get liked for it. People do business with people they like.

SmallBizLady: In your book, you write about “Wow!” customer service. What is that?

Borgeson: “Wow!” customer service is anything you do that makes your customers say, “Wow!” in response. (And that is a really good thing!)

SmallBizLady: What does a business get back in return when they give “Wow!” treatment to their customers?

Borgeson: When you do something for customers that makes them say, “Wow!”, you will get a loyal customer who continues to buy from you, sticks with you in tough economic times, and sends you referrals.

SmallBizLady: If a business delivers bad customer service what can happen?

Borgeson: If you only meet your customer’s expectations, there is nothing in particular that keeps them loyal to you and your business. The fact that you meet expectations and don’t tick them off is actually a good thing. But what if your competitor comes along and offers them better customer service after they buy? Since your customer isn’t loyal to you (because you’ve done nothing to gain that loyalty), he or she will probably switch to your competitor.

SmallBizLady: What is an example of what you call “Ow!” customer service?

Borgeson: I have all kinds of experiences with this personally. My previous bank made errors, charged me for their errors, made me do the work to prove it was their error, and then didn’t apologize. Can you say, “Ow!”?  I switched banks.  ”Be easy to do business with!” Don’t make your customers work so hard to do business with you.

SmallBizLady: What are some examples of “Wow!” customer service?

Borgeson: Any business whose front-line customer service people are competently trained and have authority to make things happen can provide “Wow!” service. (What? You really know what you’re talking about and you don’t have to pass my call around to various managers to fix my problem? Wow!)

Zappos is a good example of a business that provides “Wow!” customer service for their customers. Their website is easy to use. They have free shipping both ways (when shipping to the customer and when the customer sends a return). Returns are really easy – you go to your order online, click the items you’re returning, print a UPS (or USPS) shipping label; and then you drop the whole box off at a UPS store. (The hardest thing you have to do is tape the box – and that’s easy, too.)  After they receive the return (which they’re expecting), they send an e-mail confirming the amount of the credit hitting your card. Basically, Zappos has taken the pain out of shopping online or via catalog (which I don’t do often because the returns are a hassle).  Also, when you call them on the phone, you get a highly-trained employee on the phone who has the knowledge and authority to help you.

Here are a few more examples:

The dentist’s office that gives each patient a hot washcloth after treatment.

The auto mechanic’s waiting room that provides fresh coffee, TVs, computers with Internet access, and cleanliness.

The computer software company that takes my call and helps me solve a problem, without expecting me to pay them more money.

Basically, all of these examples give their customers an experience that is “above & beyond” what the customers expect – and these actions make their customers say “Wow!”  (These actions are also in contrast to what most businesses provide.)

SmallBizLady: How can a business owner begin to build customer services experiences for their customers?

Borgeson: The best way to start is with brainstorming.

  • Make a list of all kinds of businesses you do business with (as a consumer and as a business owner).
  • On one page, list all kinds of actions those businesses have taken that have made you say “Wow!” in the last 5 years.
  • On a second page, list the bad experiences you’ve had with businesses as a customer.
  • Next, list out your competitors.  List the things they do to “Wow!” their customers, and the things they do that tick off their customers.

Now, list out ideas that you can use to “Wow!” your customers. Some of these things will be planned, and others will come up for you to deal with at the spur of the moment. Some things you list will not cost you anything, some will cost a little time and a little money, others will cost more time and money.

SmallBizLady: Once I have my list of customer service ideas, how do I prioritize it?

Borgeson: For the most part, you will want to prioritize your “Wow!” list, starting with the things that are easy, quick, and inexpensive to implement, and ending the list with the things that will take more time and money to plan.  Make a plan for how you can implement quick and easy changes in the next month or two. Then go through the rest of the list and put a timeline on each item. For the actions that will cost money, research what it will cost and plug that into the list.

For more tips on starting or growing your small business subscribe to Melinda Emerson’s blog at http://www.succeedasyourownboss.com

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5 More Things You Must Never Forget in Business

This is a Part II of blog post series highlighting excerpts from my forthcoming book Be Your Own Boss! How to Quit Your Job and Start Your Own Business in 12 Months or Less!  The book will be released in February 2010 by Adams Media.

What can this book do for you?

Be Your Own Boss! is organized by month to lead you step by step through the process of how to transition from a job to small business ownership.

The book covers everything from life planning and personal finance, to marketing and business plans, to financial management, opening your business, and how to handle customer complaints. 

Be Your Own Boss! is designed to help you lay out your personal long-term goals, get clarity on your personal and business financial picture, understand your personal strengths and weaknesses, lay out timelines for your transition, focus your activities to achieve your transition, set business goals and measurement, and anticipate obstacles that you will likely come across in your business and how to manage them.  One of the best chapters in the book is 10 Things You Must Never Forget In Business.

Here’s the link to Part I The First 5 Things You Must Never Forget in Business http://succeedasyourownboss.com/07/2009/first-5-things-you-must-never-forget-in-business/

 Now here’s Part II: 5 More Things You Must Never Forget in Business

 6. Time – Your most valuable resource

As an entrepreneur, your time is the most valuable thing that you can give anyone, so treat it as such. Qualify prospective clients before you agree to meet with them. Have a clear timeline that you clarify up front with goals and objectives for the meeting. If the client does not have a budget that may suggest that they are not really ready to buy. Conduct as much pre-work over the phone as possible, and develop a check list of things you need from the client prior to developing a quote or attending a meeting. If you can, make the meeting in your office, so that you do not lose opportunity time if they do not show up.

 Here are some general hints to manage your time more effectively. 

  • Be early for appointments 
  • Plan each day – make a “to do” and a “call list” list with priorities
  • Never say “yes” when you need to say “no”
  • Be strategic about what fundraisers and social events you attend

 7. Get it in writing

Confirming the deal – My brother is an attorney and he has a saying, “a conversation never happened until you get it in writing.”  There will be times in your business when you deal with clients who promise you things or tell you it’s a deal and then things fall apart.  Do yourself a favor, never start any work or ship any product until you get a signed contract or purchase order.  

8. Use reference letters as a report card

Ask for a reference letter.  There are several reasons to do this:

Helps to build your business – if a client won’t give a letter, you need to know why.  To date, I have always been given a letter, but that is a good door to open to make sure you are doing an excellent job.

Provides constructive feedback – No business is perfect, especially when you are just starting out.  The letter will help you understand what you could have done better. 

Creates a “positive buzz” - Asking for a letter is particularly important when you are first getting started.  People need to see a good track record because they don’t want to risk dealing with a bad vendor. 

9. Manage your client’s first impression

There is nothing worse than calling a place of business and having someone unprofessional or rude answer the phone.  Think about how you get treated when you call a phone or cable company?  They don’t seem to care very much about you.   Well, that should not be the case in your business.  The person answering the phone is your brand and the first line of offense when closing a new client.  Your receptionist is the first person that really indicates the culture of your business and you must make sure this person is polite, friendly, and helpful.

Here are some hints to make that telephone call as impressive as a face-to-face meeting:

  • Invest in a decent phone management system
  • Answer promptly
  • Identify the company, then yourself
  • Use theMay I put you on holdPolicy

 For home-based businesses, here’s a word of advice for you.  Get separate phone and fax lines for your business and use voicemail.        

10. Always fill the pipeline

No matter what else is going on, always need to know where your next bit of business is going to come from.  In the fourth quarter, I’m already working on contracts for the first quarter of the next calendar year.  

Here are some strategies you might find useful:

  •  Get information on your client’s budget cycle
  • Nurture your relationships
  • Prospect everywhere and all the time

 This blog post is just a sample of information in my book, Be Your Own Boss! How to Quit Your Job and Start Your Own Business in 12 Months or Less!  Look for more inside tips and giveaways as we get closer to the release of the book. 

If this series of blog posts were helpful, I want to know about it.  Please leave a comment below.

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How to Be a Guest on #SmallBizChat

smallbizchat_logo_webThank you for your interest in being a guest on #SmallBizChat! In preparation for the TwitterChat, here is what you should know in order to ensure a great chat experience.

#SmallBizChat is a weekly interactive talk show on Twitter for small business owners. It takes place every Wednesday from 8-9 pm eastern time.  Participants and guests type answers to questions from the host, using the social media site Twitter.

The focus of #SmallBizChat is to help small business owners succeed as their own boss by reducing the learning curve as their small businesses start and grow.

The target market for #SmallBizChat is emerging entrepreneurs 25-54, who have been in business less than five years.  We try to balance topics on the chat between challenges for start-ups and issues faced by a business with 20 or fewer employees.

To be considered as a guest on #SmallBizChat we require that you submt:

  • a specific topic (The more specific the topic the better)
  • a link to a blog post, article or book about the topic
  • a one page bio  
  • an electronic media kit (if you have one or are an author)
  •  your twitter name
  •  your complete contact information  

Please send all information to smallbizlady at gmail dot com  Once the above info has been reviewed, a phone interview will be scheduled.

If you are confirmed as a guest, we need a twitter bio and 10-12 questions and answers that you can answer during the live TweetChat.  They must be emailed to smallbizlady at gmail dot com at least 5 days before your appearance date.  

The host, Melinda Emerson may use your Q&A as a blog post at www.succeedasyourownboss.com so be sure to answer in complete sentences.

If you have a free giveaway, resource guide or blog post about the topic, feel free to use it as a link in your answers. Or we can always give it away at the end of the chat. It’s not required, but it’s good to have to grow your followers.

#SmallBizChat is hosted by @smallbizlady Melinda Emerson, a veteran enterpreneur and smallbiz coach based in Philadelphia and is co-hosted by @cathywebsavvypr, a public relations and social media strategist.  For more information, log on to 800080;">www.melindaemerson.com, www.succeedasyourownboss.com or www.websavvypr.com

Thank you again for your interest in #SmallBizChat!  We look forward to tweeting with you. 

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How to Get a Bank Loan

Although credit is tight right now for small business owners, business loans are still available. Banks, CDFI’s and alternative lenders will do business with you if you have the price of admission:

1) Good credit 700 or higher FICO score

2) Collateral to guarantee the loan

3) A Solid Business Model

4) A Plan to Repay the Money

Borrowing loan money from a bank is not a quick or easy process. Following these tips will increase your success with securing a bank loan.

Make Sure You Are Using The Right Bank

It is best to borrow money when you do not need it. If you are currently doing business with a large commercial bank your success with getting a loan or much ongoing support once you get that loan is limited. Identify a local community bank in your area and open an account with them. Spend time building a banking relationship with the business banking specialist and the manager of the branch at least six months before you are ready to apply for a loan. You can get the money you’re looking if you have the right relationships.  In community banks lending decisions are made locally. It all comes down to who the bank managers know and trust.

Study Your Industry Trends

You must have a strong business model, and be able to quote your industry trends in a way that convinces your banker that your business will be a success. You must convince them to take a chance on you. You need to connect with your banker on an emotional level to make them become invested in your success. At the end of the day, you are selling yourself as much as you are selling your business. Showing your enthusiasm and determination are also key elements to making a great impression about your business

The Ask Letter

This 1-page cover letter details your loan request, your ability to repay and your unique selling position, what I like to call your secret sauce. This is your first opportunity to make an impression, so be confident but be careful not to oversell your business.  Make sure your sales projections are reasonable and conservative.  Hype masters scare bankers.   The number #1 goal of this cover letter is to explain why your loan should be considered.

Have an Up-to-Date Business Plan

A 10-25 page business plan is plenty. Key components should include a concise executive summary, strong marketing plan and conservative financial projections that include historical financial trends. Be sure to include your industry background, your competition, your competitive advantage, and an existing client list is also great to show how well your business is doing to date. Testimonial letters from happy customers is always great to validate your business.

Submit Financial Documents

You should be in business at least two years before applying for a business loan. You will be required to submit the past two years’ tax returns for your business and yourself personally. Your spouse will also need to provide personal financial records if he/she is a co-owner in the business or a co-owner to any of the assets that will be collateralizing the loan, such as your personal home. Two years worth of business financial statements are also required including a balance sheet and income statement. Depending on your type of collateral; you may also need to provide a list of your accounts receivables and recent appraisals on your real estate and business equipment.

Have a Plan to Repay the Loan

Make sure that your financial projections include regular repayments of the business loan. Also make a Plan B to explain how the loan will be repaid if the business fails. Have your lawyer review your loan agreement, and make sure to read the fine print. It is critical to understand the lender requirements and how your collateral could be liquidated if the business fails. As much as possible, try use your business assets as collateral and not your home.

WANT TO USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE? You may, as long as you include this complete blurb with it:

Melinda Emerson is a Veteran Entrepreneur, Small Business Expert and Social Media Coach who hosts #smallbizchat on Twitter.  #Smallbizchat is the trusted Twitter resource to discuss everything entrepreneurs need to know about launching and running a profitable small business.  Melinda’s first book, Be Your Own Boss! How to Quit Your Job and Start Your Own Business 12 Months or Less! is scheduled to be released by Adams Media in early 2010.

If you’re ready to start or grow your small business subscribe to Melinda Emerson’s blog. www.succeedasyourownboss.com

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Blogging for Business

From time to time as Smallbizlady, I conduct interviews with small business experts that could benefit my audience.  This is excepts from my #smallbizchat interview with Meryl K. Evans @merylkevans about Blogging for Business.

Blogging is old news by today’s standards as Twitter, Facebook and LinkedIn dominate the social networking scene. But blogging continues to pick up speed especially as it matures with many businesses adopting them as part of their marketing and customer service strategy. The questions here quickly cover the basics of blogging with Content Maven and longtime blogger Meryl K. Evans.

Smallbizlady: Why should a business have a blog?

Evans: Businesses often need to work harder to earn trust and credibility before they make the sale. A web site with company information only tells part of the story. A blog helps close the gap because it’s real, updated and gives the company a voice. That voice gives prospects a chance to see if they like the company’s style and way of thinking.

Blogging isn’t for every business. The point is to be aware of them because they might be talking about your business.  So think in terms of tracking, monitoring and replying.

Smallbizlady: How do you decide if your business should have a blog?

Evans: You won’t have a black or white answer (of course). Rather, ask questions such as: Can you update regularly? Do you have something to say? Do you read others? Can you provide info of value? This two part article explores whether your business should have a blog and how to participate. Maybe the best answer is to participate rather than have your own.

At least, have a good web site with clear information about what your company does and what customers can get from you. When you leave comments or post tweets, you can link back to your web site.

Smallbizlady:  What about other social media tools?

Evans: Companies indeed need to look beyond blogging. They need to track and participate in conversations that mention the company, its industry, its product or service and its competitors. Conversations go far outside blogs to microblogs like Twitter and social networks like Facebook and LinkedIn. Many industries have their own specialty social networks, so don’t limit your research with the three big ones. Remember MySpace was bigger and then Facebook took over. Next month, it could be another site.

The least you can do is have a company profile or employees have a profile on the various sites, but pick a couple to participate in on a regular basis while tracking for name mentions everywhere. You might look into Ning, which lets you create your own social network.

Smallbizlady: What is the best blog site / applications to use?

Evans: It depends on your needs. But for beginners who don’t have tech help in setting up a site, using a developer-hosted solution is the easiest thing. This means the service hosts your blog already has the software installed, so you don’t have to mess with it except add your content. Blogger, WordPress.com and Typepad are the more common ones used for business blogging. The other developer-hosted solutions tend to lean heavily toward personal blogging.

You can pay a monthly fee to host your web site on a server. In this case, you might choose to install the blog on the server rather than depend on a hosted solution. If this sounds overwhelming, the developer-hosted solution might work better unless you have web developers who can help. For more on this, read the Easy and Hard Way to Start a Blog.

Smallbizlady: How often should one blog?

Evans: You’ll hear arguments from all sides. No one has won the argument. It depends on your needs and your target audience. But it helps to update the blog at least once a week. Wait too long and people will think your blog is dead, so they’ll unsubscribe to it. I’ve blogged four or five times to week, but currently blog about twice a week.

Participating in the blogosphere takes more than just blogging on your site. You need to visit others and leave comments. If another blog inspires a long comment, consider turning that into a blog entry. Trackback, a feature that connects a blog entry with another person’s blog entry, will connect the two together. Most blog apps have this feature built-in.

Smallbizlady: How long should entries be? Some are 750 words or more, others only 150. Is there an ideal length?

Evans: Like the “how often” question, this depends largely on your audience. Several bloggers always post over 1000 words, and their audience loves it. A good rule of thumb is 400 to 800 words. Of course, you’ll go under sometimes and over sometimes. No harm done. Format your content for easier scanning with short paragraphs, bulleted lists and bold headers. Many publications ask their writers to shoot for at least 400 words at a minimum for better search engine results.

Smallbizlady: Should there be links in every blog entry?

Evans: Linking keywords to your own content helps from a search engine perspective. Linking to others helps you build relationships as other bloggers love it when others link to them. It’s possible to overdo the linking. General rule is no more than one link for every 100 words.

Some people find it frustrating when there are so many links because they find they’re going all over the place trying to piece together the story and get all the details. Put the link on meaningful words not “Click here.” That’s old thinking. Also, selecting the right words to link gives people an idea of what they will see if they click on the link.

Smallbizlady: Does a well done blog replace a web site or add value?

Evans: Many people have nothing but a blog as their web site. To make it work from a business standpoint, however, you need to at least have an About page with your bio and contact information. Can people quickly figure out what you do? Do you provide enough information to help them determine if you’re qualified and credible?

Business web site blogs offer fresh content to make search engines happy, show how your business thinks and interacts, connect with customers and prospects, build relationships that lead to earning trust and gaining credibility.

Smallbizlady: Should the language be in first person?

Evans: Business blogs do better when they’re in first person. It’s an opportunity to put a human touch on what could be a cold and lifeless company web site. That’s why it’s important to have bios, photos and contact information of those who contribute to the blog.

Blog readers are a smart lot. They can tell when a marketing person is doing the blogging for the company rather than the company’s executives or managers. It’s better to be honest and authentic when writing in the blog. This doesn’t mean a marketer can’t blog, but the marketer will need to put away everything they know about marketing when blogging. It takes little effort to make a blog sound like a sales or marketing platform for the company.

Smallbizlady: How do we convince old school entrepreneurs that blogging is good for business?

Evans: Many employees in businesses of all sizes struggle to get buy-in to blogging and social media tools because of the difficulty in providing ROI data. Perhaps, the executives will listen to GM’s Bob Lutz, an executive blogger in GM FastLane Blog, wrote an article on the topic for Information Week. In encouraging executives to blog, he says, “No better opportunity exists to engage in an open dialogue and exchange of ideas with customers and potential customers.”

This is more important for small businesses because they work to build relationships with their clients and prospects. That can help the business stand out.

The connection between blogging and business may not clearly show up in return on investment data, but it certainly affects a small business’ ROI, return on influence. Rather than connecting blogging with transactions, look at it from a perspective in building relationships and credibility. It’s hard to measure increased customer service, increased brand awareness, increased loyalty, increased credibility and so on. But all of this happens when a small business’ employees get involved with blogging and social media.

Bonus Free report: “How to Start a Business Blog and Build Traffic” when you subscribe to meryl’s blog by email: http://feedburner.google.com/fb/a/mailverify?uri=Meryl&loc=en_US

For more tips on starting or growing your small business subscribe to Melinda Emerson’s blog at http://www.succeedasyourownboss.com

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6 Things Michael Jackson Taught Us About Business

mj-images-danerous-tour1

1) You must be excellent

Michael Jackson was nothing if not a perfectionist.  He was the greatest entertainer of all time, because he had his hands in everything.  It wasn’t just about the music; he designed the lighting, the choreography, the video montages, and his wardrobe.

When you first start a business you do 10-12 jobs. As the business grows and you delegate tasks you still need you know all the positions in your company.  Are you paying attention to every detail in your customer’s experience? Effective follow-up after the sale is a great way to do this. You want your clients to say you were the best small business vendor they ever worked with.

mj-moonwalk

2) You must have a signature move

We all know that the first time Michael Jackson did the moonwalk, and that    became the move people always wanted to see. What is your secret sauce or custom process in your business? Does your business have a signature that your customers are aware of?

Signature service could be the way you say thank you, or the uniforms the employees wear, or it could be a seamless process that takes a burden off your customer. A close family friend died last year, and the funeral home took a photo and had a faux oil painting done in four business days and presented it to the family as a gift at the end of the service. They do that for all their funeral services. Take some time to think about your signature move.

3) You must be strategic about branding

From the very beginning he wanted to be legendary. He was just 21 when he made Off the Wall. But by the time he made the Thriller album, he understood branding as well as any Madison Avenue ad agency. The infamous sequin glove he wore when he did moonwalk, to the red leather zipper jacket from Beat It video, and his dance moves were all part of his brand. Every time Michael Jackson released an album he reinvented his look. His versatility was his brand. He managed to be original and timeless at the same time; children who never saw him perform live know the words to his songs. Is it time for you to reinvent your business?

mj-thriller

4) You must be an innovator

Michael Jackson was self-taught in music and dance.  But he studied Fred Astaire, Charlie Chaplin and Frank Sinatra.  Every time he did something first, he did it      best.  Thriller was the great selling album of all time at 100 million copies, and in     the video for Thriller the song had the world on the edge of our seats waiting for the world premiere.  Is there an innovation in your business that could have the world on the edge of our seats waiting for it?

5)      You must give more than you get

Michael Jackson made the Genesis Book of World Records for most charities ever supported by a pop star. While he lived, he gave more than $500 million dollars to charity, and in death he left 20% of his estate to charity. What have you given to your favorite charity? Do you just give money or do you give your time?

6) Who is the business owner in the mirror?

“Man in the Mirror,” was one of Michael Jackson’s most famous songs. In it he talked about changing the man in the mirror. What do you need to change about the business owner in the mirror? Does your family know what kind of day you had based on how you treat them? Are you a family first entrepreneur or a work first entrepreneur? Lets all work to keep our family and friends as our #1 customer.

WANT TO USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE?  You may, as long as you include this complete blurb with it:

Melinda Emerson is a Veteran Entrepreneur, Small Business Expert and Social Media Coach who hosts #smallbizchat on Twitter.  #Smallbizchat is the trusted Twitter resource to discuss everything entrepreneurs need to know about launching and running a profitable small business.  Melinda’s first book, Be Your Own Boss! How to Quit Your Job and Start Your Own Business 12 Months or Less! is scheduled to be released by Adams Media in early 2010.

If you’re ready to start or grow your small business subscribe to Melinda Emerson’s blog. www.succeedasyourownboss.com

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First 5 Things You Must Never Forget in Business

This blog post is an excerpt from my forthcoming book  Be Your Own Boss! How to Quit Your Job and Start Your Own Business in 12 Months or Less!  The book is scheduled to be released in February 2010 by Adams Media.

What can this book do for you?

Be Your Own Boss! is organized by month to lead you step by step through the process of how to transition from a job to small business ownership.

The book covers everything from life planning and personal finance, to marketing and business planning, to financial management, opening your business, and how to handle customer complaints. 

Be Your Own Boss! is designed to help you lay out your personal long-term goals, get clarity on your personal and business financial picture, understand your personal strengths and weaknesses, lay out timelines for your transition, focus your activities to achieve your transition, set business goals and measurement, and anticipate obstacles that you will likely come across in your business and how to manage them.  One of my favorite chapters in the book is 10 Things You Must Never Forget In Business.

Here’s The First 5 Things You Must Never Forget in Business

 1. Make sure you know how much profit is in every deal.

The concept of knowing how much profit is in every deal is something that may seem like common sense, but it is not!! Before you send pricing to any client, it is important that you have clearly figured out what the job is worth to you. Early on in my business, I figured out some general pricing. I had a one-size-fits-all pricing in fact, and when I started analyzing my profits, I was lucky if I made 25% gross revenue on any project. Then I had to pay all overhead and taxes from that before I pocketed any money. This system got me nowhere fast.

 Your pricing should include the cost of materials, cost of labor, packaging, and a percentage of your overhead costs should be spread across every sale.

 2. Customer service is the truth, the light, and the way!!

There are times in business when you will make a mistake.  It happens to everyone; the key is how you fix it.  Go the extra yard to make your customers happy, respond quickly to their complaints, and treat them like your paycheck – because they are. Here’s some general rules about performing great customer service

  • Always know the value of a customer
  • Generate referrals and great word-of-mouth
  • Stay positive with your customers
  • Look for feedback

3. ABC- “Always Be Closing”

“Always Be Closing,” is terrible English, but it is an easy way to remember that new business can come to you at any time and just about from any place. Here are some key rules:

  • Use Religious Persistence
  • Create Targeted Marketing Materials
  • Ask for the Business

 If you use the “Always Be Closing” policy, you can always take advantage of every opportunity.

4. You are always under a microscope – Attention to Detail.

Customers are risk-aversive.  It is hard to gain a customer’s confidence as a new vendor, not because they dislike you, but they may already have a long-term relationship with a similar supplier and you are the unproven new kid on the block.  Who you are and what you do must always be clear and communicated well.  Here are some priorities for making the best impressions.

  • A product well-packaged is half sold
  • Have well-written marketing materials
  • Use effective meeting management skills
  • Respond timely to bid requests

 5. Nothing beats a professional presentation

Don’t try to bring your A game in your B suit.  How you look and how you speak sends a message to the customer.  Bad impressions are often deal breakers because they go directly to trust.  People are reluctant to spend money with vendors who don’t look right for the services or products that they are representing. Use the best when you are selling for your business.

Part II of this blog post 5 More Things You Must Never Forget in Business will be posted next week on www.succeedasyourownboss.com

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8 Ways to Attract Followers on Twitter

When it comes to Twitter, attracting “followers” are key to building your online brand.

Here’s key information to attract followers:

1)  Use usernames which match your name or business service or other social networking sites. When you sign up for your Twitter account, use your real name or the name you use on other social network sites. If this name isn’t available, try to use something that describes what you do.  Thus my name is @smallbizlady to my surprise Melinda Emerson was taken.  Using the same picture on all social media sites is helpful as well.

2)  Make sure your bio gives a good reason for people to follow you. Do not be cute or sarcastic. Bios on Twitter are short and to the point. Focus on how people can hire you.  Consider this: do people hire “divas or gurus” or “coaches and experts?”  People will make a decision about following you in an instant.  It is not like the About Me page found on your website or blog.

3)  Be part of the conversation. Answering questions and joining conversations is a great way to build relationships on Twitter.  Asking questions when you need a resource is also a great way to attract people. This may result in you learning about a great tool or website you were unaware of and you could find out you have more in common with the person who answered your question. Participating in conversations also shows you are approachable.

4)  Always look to add value. Twitter is a give to get medium.  Always look to share when you communicate on Twitter. Personal comments are fine to help people get to know you, but if you constantly make irrelevant comments, people will unfollow you or consider you a spammer. Make sure you are adding something of value when you post. Be careful about selling on Twitter prior to building a relationship. Just like people do not like sales calls on their cell phone, they don’t like it in social media either.  Try to sell in the form of a question.

5)  Follow people from within your industry niche and geographic area. One of the best things about Twitter is how easy it is to search for information. You can search for other Twitter users by city and state. You can go to search and hit “smallbiz marketing” and anyone who has tweeted those exact words recently will come up. If that’s your industry, I would follow every one of those people. By following industry folks, not only will you be able to understand what they are talking about, but you may be able to partner with them on projects or create a weekly chat about your industry. Once you start to interact with your peers, they are more likely to follow back.

6) The best way to get referrals is to give them. Word of mouth referrals goes a long way on Twitter. You can ask others to recommend your profile, but the best way to get referrals is to give them.  Recommend people you interact with each week on #FollowFriday, and be sure to explain why they are a great people to follow.  Use a call to action at the end of your blog posts to ask readers could recommend your blog or social networking profile.  Recommend people to follow @mrtweet. If you work to give support to others on Twitter, you will get support back in the form of followers and friends.

7)  Connect your blog and social networks to your Twitter profile. Add a Twitter link to each of your social media profiles (Linkedin, FaceBook, YouTube, etc.) this will make sure everyone you know is able to connect with you across your entire social media footprint.  You can also have your twitter stream or blog fed into you facebook and linkedin profiles.

8)  Purchase banner ads. You can use the website Banner Ads on popular sites in your industry to drive traffic directly to your Twitter profile. When your banner ads are clicked on, the link is automatically connected to your Twitter page. This is a very aggressive thing to do, but if you have a specific product or service such as a book to sell on a specific timeline, it could be beneficial.

It takes time to build relationships online. Be consistent. Be helpful, and you will build a quality following. It does not make sense to use one of those programs that allow you to attract 10,000 followers in 60 days. None of those people will know you and they will be far less likely to be influenced by you. Quality followers trust you, and value you as a resource.  Take the time to let people get to know you. You will be amazed how quickly you get to 2001 followers and beyond.

WANT TO USE THIS ARTICLE IN YOUR EZINE, E-NEWSLETTER OR WEB SITE?  You may, as long as you include this complete blurb with it:

Melinda Emerson is a Veteran Entrepreneur, Small Business Expert and Social Media Coach who hosts #smallbizchat on Twitter.  #Smallbizchat is the trusted Twitter resource to discuss everything entrepreneurs need to know about launching and running a profitable small business.  Melinda’s first book, Be Your Own Boss! How to Quit Your Job and Start Your Own Business 12 Months or Less! is scheduled to be released by Adams Media in early 2010.

For tips to start or grow your small business subscribe to Melinda Emerson’s blog http://www.succeedasyourownboss.com

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