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Del Chatterson. Margot E. Uson. Stev e Kraml. Michael Hiles & Associates Inc. Michael Hiles. Chris Murray. Vince Santaguida. Gillian Leithman. Morrie Weinberg & Associates Inc. Robin Whitrod , CA. Morrie Weinberg. Marco Della Rocca. Learn more about our members at: www. psnetwork.ca.
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Del Chatterson Margot E. Uson Steve Kraml Michael Hiles& Associates Inc. Michael Hiles Chris Murray Vince Santaguida Gillian Leithman Morrie Weinberg & Associates Inc. Robin Whitrod, CA Morrie Weinberg Marco Della Rocca Learn more about our members at: www.psnetwork.ca
Strategies for Meeting Entrepreneurial Challenges By Chris Murray Margot Uson Del Chatterson
Success Strategies for Internet Marketing Chris MurrayProfessional Internet Marketing Consultant
Presentation Points • Trends • Methods • Research • Metrics
Methods • Search Engine Optimization • Paid Search Marketing • Social Media Marketing • Email Marketing
Do Your Research Keywords What are prospects looking for? - Review data for search volumesand opportunities Competitors What are they doing online? - SEO, PPC Keywords, Ads?
Conversion Architecture • Before marketing make sure your Website is working? • What are you trying to do (goals) • Design, the layout, your message all impact conversions
Set and Review Benchmarks • Traditional client acquisition cost vs online acquisition costs • Lifetime value of client vs online cost of acquisition
Strategies for Success Understand youropportunities Do your market research Measure, Review, Adjust
Chris Murray THANK YOU. Questions?
Human Resources Consultants specializing in: • People and Performance solutions • Strategies to Attract, Retain, Manage & Motivate • Services for a wide range of small and medium size businesses
Winning The War for Talent Managing Three Generations in the Work Place
Ideas for Managing Generations Three predominant generations in today’s workplace: Baby Boomers, born between 1946 and 1964 Generation X, born between 1965 and 1979 Generation Y (Millennials or Echo Boomers) born between 1980 and present Understanding differences leads to a more MOTIVATED and FOCUSED workforce.
Baby Boomers • Predominant value is Work • Need a reason to LEAVE an employer • Enjoy associations, conventions, working with peers • Long term compensation is important • Value loyalty, commitment and dedication Motivation: Position, power and prestige
Generation X • Need feedback, communication, teamwork • Need to know company goals and direction • Need a reason to STAY with an employer • Grew up independent - latch-key kids • Need Work-Life balance to raise a family Motivation: Family-friendly environment, flexibility, recognition
Generation Y • The "plugged in" generation because of familiarity with computers and the Internet. • New to business, need to get quick results • Require the most feedback of any of the previous generations, often rebellious, outspoken Motivation:Constant feedback, rapid progression, tools for the job
CARE Concept COMMUNICATION ADVANCEMENT CARE ENVIRONMENT RECOGNITION
Communication • Over – communicate! • Communication develops trust • Company goals and progress updates • Opinion Surveys, Focus groups, Feedback • Clear business & personal objectives • Communicate company policies
Advancement • Performance Management – processes • Competency-based promotions • Competitive Salaries – surveys, equity • Succession & Career Planning • Development – Focus on Core Talent
Recognition • Celebrate work-related and individual successes • Say ‘Thank-you’ • Compensate strategically • Differentiate recognition • Pay-for-performance improves retention by 27% (Watson Wyatt) • Acknowledge and encourage leadership
Environment • Have clear employee policies & a flexible work environment • Work group outings and events • Provide teamwork opportunities • Increase trust – High trust outperforms low trust by 168% (Watson Wyatt) • Offer appropriate benefits
Old Model New Model Focus Recruit Train Supervise Retain Motivate Manage Relationships Evolve • Relationship Oriented • Two-way efforts required • Employer managed
Implementing CARE Understand Company Demographics Understand Generational Differences Adapt Business Processes Continuously Develop Employees
THANK YOU. Questions?
Del Chatterson Creative, Practical Business Solutions. Delivered.
The Seven Biggest Mistakes that Entrepreneurs Make Which ones are you making? How can you avoid them?
Survey Says : • … “Cash flow” … ‘‘Marketing” • … “Not strategic” … “Not delegating” … “Not focused” …. • Small, frequent, early mistakes are OK. • But BIG MISTAKES can kill your business.
#1 Too Entrepreneurial • Too Opportunistic • Too Optimistic, Impatient • Over confident, “my way is OK” • Ignoring feedback and the facts • Relying on personality, not performance
#2 Lack of Strategic Direction • Lost in the Daily Details • Too much “DIY”, not delegating • Neglecting long-term strategic issues • No documented, shared Business Plan
#3 “That was Easy, Let’s Do It Again!” • Making money doesn’t make you smart • What mistakes or risks were avoided? • Good time to start something new? • Is your success really transferable?
#4 Focused on Profit • Monitoring Sales, Margin & Expense • But ignoring asset management • Especially cash flow, inventory and receivables • Most Undervalued Asset: Human Resources
#5 Neglecting Key Relationships • Key Managers and Staff • Biggest customer not the “squeakiest” • Over-dependence on #1 client or supplier • Is your bank a welcome and willing partner?
#6 Poor Marketing & Sales • “Product sells itself” • “Price is all that matters” • “Sales reps should do a better job” • Lack of market knowledge • Poor marketing communications • Ineffective sales tools
#7 Distracted by Personal Issues • Neglected until they become a problem • Behaving like a rock star • Family and favouritism in the business • Personal issues affecting business performance
Summary: Seven Biggest Mistakes • Too Entrepreneurial • Lack of Strategic Direction • “Let’s do it again!” • Focus on Profit • Neglecting Key Relationships • Poor Marketing and Sales • Personal Distractions Usually # 1
How to Avoid Them? Balance! • Strategic Direction with Operational Detail • Entrepreneurial Approach with Analytical Input • Long-term Value and Short-term Profit • Personal Priorities in your Plan; Out of your Business