It’s my favourite season
again. I mean, how can you not love spring? Unless, of course,
summer is your favourite season. I’ll let that one go! Although
I’m learning (’learning’ being the operative word here) to
accept things for what they are - to live in the moment - it’s
nice that there are certain things I find intrinsically
uplifting. The arrival of spring is one of those things. It’s
better than nice when feeling good about something is easy.
Back Stage Pass
In the interest of making things easy for yourself, have you
read our new email newsletter, SIGNED UP? If you’re not on our
list of subscribers it’s time to do so. That’s easy, too. Just
go to signequip.com or corbingraphics.com, and click on the sign
up button at the top of the right-hand info bar. Really, you do
want to do this. It’s been said, “With membership comes
privileges.” As a recipient of SIGNED UP you’ll receive special
bonus offers you won’t get otherwise. So, the next time you’re
online, it’ll only take you a minute to sign up for SIGNED UP.
Don’t worry, you won’t get a sudden slam of unwanted email from
us. We don’t like that, either. We promise to keep it to once -
occasionally, maybe twice a month.
Sign Show Express
Moving right along.... If you have read the April edition of
SIGNED UP, you’ll have noticed the emphasis on attending
industry trade shows. Blair, George, and Diane have recently
returned from the ISA Sign Expo in Orlando. The importance of
deciding to attend was magnified once we stepped inside the
doors. We had no doubt it was an absolute necessity to
participate. Things are changing so quickly these days; the sign
industry is no exception. How can you expect to keep up with the
trends if you haven’t a clue what they are? Possibly there are
other ways, but here’s the deal - manufacturers and other
innovators tend to keep things under wraps until they officially
unveil them at a major trade show. Those that attend these shows
are first in line to get on board.
Always, being first with a popular trend is the most lucrative.
If you can be first to capture a market you will not only
realize a sudden influx of cash flow, you’ll also harness new
clients. You’ll build your client base - your list - and there’s
incredible value and power in that. (Something else you can read
and learn about in SIGNED UP.)
High Wire
You don’t consider trade shows to be important to the sustenance
of your business? Your clients are happy with the way you do
things now? Okay. What does your financial statement look like?
Take a close look at the profit column. Is there room for
improvement? Does your balance sheet tell you the profit column
is superceded by the loss column? All the more reason to step
outside your box, and check out the industry. If your expenses
aren’t generating larger figures on the opposite side of the
balance sheet, then either you’re spending money on the wrong
stuff - or you’re not spending it on the right stuff. As a
concept, it’s pretty simple. What to do about it?
Let’s address the, “My Clients Are Happy With the Way I’m Doing
Things Now - They’re Not Asking for Anything New” argument. Once
again, refer to your balance sheet. Are you completely happy,
too, or do you dream frequently of bigger profits? For every
happy client you already have, there are dozens more out there
looking for something new in signage. How would you like to have
these people on your list?
Green Light
Remember, the money is in your list. Will the list cost you
money? Absolutely. Another thing to remember is business is an
investment. That means you will have to invest both time and
money. Learning how to do it wisely, without wasting either
commodity is the key. Learning to leverage both time and money
is crucial. If you thought going into business for yourself was
a no-brainer, if you thought you were taking the easy way out -
WRONG!
Don’t misunderstand, I’m not insinuating having your own
business is the wrong move. On the contrary, I believe it’s what
everyone should do. If you wish to have abundance in your
finances, whether or not you work for someone else at your ‘day
job’, it’s ultimately necessary at some level to go into
business for yourself - in other words, to be an investor. So,
if you wish your business to be lucrative, you must recognize it
as an investment, not just a job. And to that end, you must be
willing to work hard, and to learn. Take responsibility to
educate yourself. Learning does not stop just because you decide
to be your own boss. Conversely, in order to achieve excellence,
it’s when it must begin. The great thing is you get to decide
how you want to do it. After all, you are the boss.
Red Light
This brings me to the book recommendation: “Stop Working: Here’s
How You Can!” by Derek Foster. This is another of Blair’s picks
- tells you what’s on his mind! Just as long as he finds someone
to pick up his slack, I’m all for it. Something tells me it will
be a tall order, though. Well, we’ll see. I’ve been advising him
for a long time to cut back on his work load, and focus on what
he does best for the business. There’s no doubt he’s the glue,
and it would be great all around if he had more energy to simply
be - well - gooey! (It’s clear I’m not ready to quit my day
job!!)
Even if you enjoy what you’re doing, and aren’t ready to stop
just yet, it’s valuable to learn how to properly apply the
brakes. There’s freedom in working only when you want. Learning
how to own a business without actually ‘working’ in it appeals
to me. Then, when the time is right, selling it to the right
buyer for the right price is something to which every business
‘investor’ can aspire.
Fulcrum
How can we help your business investment grow? Starting right
now, you can leverage our experience and service to your
advantage. Give us a call. Drop in. We can’t wait to give you a
hand.