2008 Archive

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Do you really need a business plan?

Written by Monikah Ogando on August 18, 2008

I’ll be the first to admit, I’ve espoused the need for having a formal business plan before. In fact, many clients have hired *ME* to create a huge 50-100 page business plan for their organizations.

However, after considering the issue I’m having second thoughts and maybe you should be too.

*  What’s the advantage of a business plan?

*  Why should you chuck your current business plan and redesign it?

*  How is your business plan damaging your brand and profits?

Come join us tomorrow (Tuesday, August 19th) at 9:30 pm ET / 6:30 pm PT as I discuss “A New Look at an Old Paradigm: Business Plans 2.0″ during my LIVE Broadcast. Remember you have to register with uStream in order to participate in the chat room and ask your business questions live. It’s also an awesome way to connect with other business owners, entrepreneurs and possible strategic alliances.

After the discussion, I’ll be updating this blog post and I’d love to hear your comments on it.

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Get the Ball Rolling FAST In Your Business

Written by Monikah Ogando on August 8, 2008

A friend of mine once called me to let me know he was starting his own business. I congratulated him and said that if he ever needed any support from me to give me a shout. I hadn’t heard from him in several weeks so I emailed him to find out how everything was going. He wrote back, “I’ve recently completed my website (of course, it’s a work in progress) and I just don’t know
where to go from here. I feel like I’m preparing to no end; but have not had one client to date. How can I really get the ball rolling? E-mail blasts, mailings, registering on the various search engines; I’m just not sure which road to take.”

I wrote back a lengthy email with plenty of ideas. In the days that followed, we talked at length about his strategy. Here are a few bullet points from that dialog:

1)  Get out there.
You really have to put yourself out there and get ‘face-time with people so they get to know, like and trust you. Building relationships is the main thing. You want people to be able to know you well enough, trust you deeply enough and think of your professionalism high enough to not only do business with you, but also refer you to their friends, colleagues and loved ones.

2)  Follow Up.

It is often said that it takes prospects an average of 7 - 9 contacts with you before you even get on their radar screen, let alone be the chosen solution for the problem they are seeking to solve. So implement a follow up system that will allow your prospects to have your contact information handy and keep on you on top of mind when they need your services and/or come across a referral.

3)  Start in your own backyard.

Did you ever read that classic book, Acres of Diamonds? The character in that book sells his field and wonders the world in search of treasures. When he returns to his town an abject failure, he finds out that his field had a diamond mine. He was sitting on a fortune all along! So with us, usually, we think we need to have a global strategy before we master a local strategy. I am a huge proponent
of thinking big, but you need to start somewhere. Make a list of everyone you know and contact them to let them know you are available and what services and products you offer. If they’re not in the market for your services, ask them for three referrals each. And repeat the process until you’ve reached your sales objective.

4) Specialize.

It’s tempting to offer a ton of services and cast as wide a net as possible. But that actually hurts your business in the long run. People who try to be everything to all people usually tend to be perceived as a novice. Or worse,  your prospects may think you are very likely to be low-balled in your prices because there’s nothing you do extraordinarily well, so you’ve become a commodity in their eyes where the only thing to separate you from the competition is how low you’re willing to go. Also, people tend to think that if you do one thing, you do it well and command the credibility and prices you deserve.

5) If you can’t beat ‘em, join ‘em.

Your competition could very well be a hidden treasure trove of client referrals. Make a list of 5-10 businesses that have a similar offer as you do, and approach them to become a referral partner. They may be overloaded with work and can give you the overflow, or perhaps they have the same offering, but for a different target market than yours. Take advantage of those subtle differences by serving each other’s customers. Both you and your competition will look like winners in your prospects’ eyes.

If you are struggling to drum up business right now, then you need to be spending 80-90% of your time marketing your business. I like to call it “rain making.” You can take very specific action to plant seeds in the beginning of your business (I go over them in detail in the Mastermind Coaching Gym). That way, when it’s time to make it rain, you’ve already done the preliminary work and just watch your work bloom.


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Deadline Extended for JumpStart Your Business in 30 Days or Less

Written by Monikah Ogando on July 30, 2008

Phew! What a relief. As some of you know, Sarah had a doctor’s appointment today at 2 pm. Turns out they’ll need to run additional tests for her. It could be a viral infection - could be mono (I had no idea kids could get mono) - could be encephalitis (need another MRI). Whatever the heck this is, it is affecting her lymphatic system and part of her brain. So we are back to the doctor Friday and then again August 4th for final tests.

That just bought you 5 more days to get the JumpStart System. Trust me, if you’ve been waiting this long to catapult your business the right way, this is your chance to get off your tush about it! I will be taking you step by step to everything you need to do to make sure your business is on the right track, from incorporation, to marketing, setting up your operations and sales, to getting your presence felt on the web.

Don’t end up hating yourself for not acting now. In today’s economic climate, the future of your livelihood should be in YOUR hands, not anyone else’s. So make sure you JumpStart Your Business TODAY!

Love and Success,

Monikah

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The Power of Social Media Networking

Written by Monikah Ogando on July 29, 2008

Thank you to everyone who has emailed, called, twittered, blogged, facebooked, myspaced, and everything else you’ve done to connect with me about the health of my daughter, Sarah. I am very moved and touched that people all over the globe, most of whom have never met me personally, would take time out of their life to reach out to another human being. I think it speaks to not only how bright you shine, but also the goodness and connectedness of the human spirit.

As an update: Sarah is taking well to the antibiotics. She can hold down food now and is sleeping through the night. We have some more tests to take as the days wear on, but I have faith that she is going to come out of this even more of a resilient, strong, happy little girl than she is already.

Now…

To those of you who have already purchased The JumpStart Your Business in 30 Days or Less Program, congratulations!!! You are IN for a treat. Please do not feel overwhelmed by all the material you are getting. I promise I have dissected it and broken it down into sizeable, manageable pieces so that you can really take advantage of it to grow your business.

Also remember that we will soon be scheduling a Q & A call with me so you can get coaching on putting the system together specifically for your business and lifestyle. So stay tuned for that announcement.

Oh, and I have 8 more unadvertised bonuses coming your way. Surprise! :)

Many have wanted to contribute in some way to “Team Sarah” (thanks Michael Ballard of Resiliency for Life for the team name!), even though you may not be in a position right now to purchase JumpStart. Thanks to our friend, Reggie Baker of In This Together (what a name, huh!) now you can do that. Scroll down to the bottom of the JumpStart page and you will see a donation button there.

I want to publicly thank my friends Jim Turner, Ron Hudson, Alejandro Reyes, Deontee Gordon, and Dr. Ray Blanchard. Literally within a few hours of having shared with them what is going on with my family, they jumped at the chance to make a difference, to talk to their people, offer bonuses, announce the fire sale to their networks and checking in with me just to see how Sarah is doing. It is very easy to hide behind anonymity online, but these folks are living proof of the power of social media. You guys are amazing professionals and incredible human beings. Thank you for the difference you’ve made in my life.

Stay tuned for the victory lap! :)

Love and success,

Monikah

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Your Business Wins and Sarah Wins

Written by Monikah Ogando on July 27, 2008

What would you do if your only child had a serious illness and your health insurance did not cover her medical expenses (a common but unspoken problem in the entrepreneurial world)? What would you do if in order for the doctor to continue to treat your child, you had to bring him a check to pay down the medical bills you’ve already incurred?

I’m going to be completely transparent and vulnerable to share with you: That’s what is happening to my 11 year old daughter, Sarah, who recently came down with a severe lymphatic infection that is causing her spleen to enlarge. She’s running a high fever, has swollen tonsils and is overall very tired and miserable.

Sarah’s has a series of diagnostic tests coming up, and in order to be able to walk in there with the money she needs, I am having a HUGE sale. I have collected over $1,800 of not only MY best work but also POWERFUL bonuses from key experts. And I am giving it to you for less than $100. I’m not kidding. Go here now now for the full story about Sarah and what I’m up to:

www.jumpstartyourbizin30.com

And for the first 25 of you who get the Jump Start Program, I’ll make sure to send you some very cool unadvertised bonuses to help your business as well (as if you weren’t getting enough tools to grow your business!).

But you’ve gotta hurry! Sarah’s next doctor’s appointment is 3:30 pm August 4th. I figure the doctor can’t cash the check until at least the next day, so I’m taking this sale down at 3pm EST on Tuesday, August 5th to get this amazing program.

Go here before you forget:
www.jumpstartyourbizin30.com

Thank you for being part of my life. Here’s to us! And Sarah…
Monikah