I’ve long focused on helping businesses one on one, by choice. From time to time, I’ve considered mechanisms (other than my writing) that provide help in a group setting. Ideally, this would let me help more people while not drastically increasing the time required to do so. Typically, this means holding webinars, group coaching, masterminds, ie: “one to many” events. This piece is intended to fill some of the gap between one-on-one help and one-to-many help, at least for now. For those of you who have service businesses, maybe this will help some reframing thoughts if you’re seeking insight into the same sort of move.
How we get help differs
When it comes to seeking help, business owners appear many forms. Some repeatedly seek help from people, books, and other resources. Others tend to accept help about specific topics, or when a resource is recommended to them by a trusted friend. Some read or listen to many sources of help / advice, but are pretty choosy about the things they implement. Some seek no help at all – and this group seems to be broken down into a group that knows they need the help but never take action, and another segment that simply figures it out on their own (or doesn’t).
Efficient learning varies from person to person. Some prefer reading, while others learn / retain more from audio, video, pictures and/or diagrams. Some people prefer brief information, others tend to consume “long reads” or extensive, highly detailed video. This time around, I decided to take a self-guided approach. I’d appreciate feedback on how effective the scorecard is for you – and why.
How the scorecard works
I’m calling this a scorecard, but the goal is not to arrive at a number and think “We got a 14, so we’re doing fine as is.” It’s more of a self-assessment & introspection tool. You’ll find statements about how things work in your business. You’ll agree with some. Others will have you thinking “That’s definitely not us.” If a seemingly-negative item on the list doesn’t pertain to you, cross it off. Look at the items you circled / checked as “yep, this is us” as a milestone on the way to a stronger company. S0me may need recurring attention. We’ll start with marketing.
- Our marketing is completely automated across all media, digital or otherwise.
- Our marketing is strictly digital. We don’t make sales calls, send US Mail, visit prospects, have prospects visit us, and we don’t go to trade shows.
- Our marketing is strictly organic. We don’t advertise, other than having a website.
- We test new ads against our ad that performs the best.
- We market our work consistently.
- We spent ad money effectively.
- We have data that tells us what works and what doesn’t, marketing-wise.
- Our marketing is executed based on a plan or marketing calendar.
- We collect information about people who show an interest in our products / services.
- On a regular basis, we reach out to people who have shown an interest in us. We send offers as well as useful information that will help them make a purchase decision.
- In marketing dollars, we know how much it costs to get a highly-qualified lead.
- In marketing dollars, we know our lead cost on each type of media.
- For each of the media we use for marketing (radio, tv, newspaper, direct mail, various internet options), we keep track of lead quality, lead volume, and ad investment.
- We decrease our marketing efforts / spend when the market is tight.
- We use our lead cost to drive decisions about ad purchases – including internet ad options.
- We increase our marketing efforts / spend when the market is tight.
- We don’t really advertise with any consistency. You might say it’s driven by which ad salespeople call on us.
- In our market, expertly-done marketing has ceased to become an edge. Everyone in our market is a good marketer.
- We decrease our marketing efforts / spend in good times.
- Most companies in our market are spray-and-pray marketers.
- Some companies in our market are haphazard or random marketers, but there are some that we’d consider experts. They spend ad money effectively.
- We increase our marketing efforts / spend in good times.
- We’re one of the haphazard / random marketers.
- We’re one of the more effective marketers in our market.
In the following parts of this series, we’ll use the same pattern to address operations, business model, staffing, sales, management/leadership, finance and systems.