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A Little Thought Experiment That Might Change Your Business

June 1, 2015 Alyson Thomas
© 2015 Alyson Thomas

© 2015 Alyson Thomas

When you have an established creative small-business, it is easy to get swept up in the day-to-day tasks, urgent orders, and seemingly never-ending avalanche of to-do lists. While obviously all this needs to get done for your business to continue running, it is equally important to step back periodically and examine the bigger picture of your self-employed life.

One of those bigger picture questions came to me recently while reading Chip and Dan Heath’s fantastic book Decisive. The book systematically destroys the common cognitive biases we all face when trying to make decisions, but also provides enlightening theory on decision-making, and actionable advice on how to make better decisions in your own life. It’s a great read for anyone, but is especially pertinent to the small-business owner, who is faced with countless decisions every day that they alone are tasked with making.

Image © 2015 Justin Gammon

Image © 2015 Justin Gammon

One of the four “villains” of decision-making discussed in the book is Narrow Framing, i.e limiting the options we consider when making a decision. Humans have a tendency to narrowly define our choices when making a decision, so much so that most of our decisions in life are posed as merely a “should I do x, or not do x?” question.

The authors encourage us to break out of this narrow decision framing to come up with better solutions. One of the techniques they suggest is called the “Vanishing Options Test.” When struggling with a decision, pretend there is a genie who, instead of granting you 3 wishes, takes AWAY 3 options from you. As the authors paraphrased it:

“You cannot choose any of the current options you are considering. What else could you do?”

 

This simple technique forces you to come up with creative solutions that would have never occurred to you, had your first instinct choices been available to you. “Until we are forced to dig up a new option, we’re likely to stay fixated on the ones we already have… Removing options can ...do people a favor, because it makes them notice that they’re stuck on one small patch of a wide landscape.”

Reading through this section of Decisive, I was immediately struck with an idea for another thought experiment:

 

What would you do if everything in your business was destroyed?

 

Think about it. All of your inventory is lost. Your website crashes and is unrecoverable. You lose all your marketing, branding, and art files. No more business cards, line sheets, or show booth set-ups.

Would you rebuild your business the same way? Would you simply recreate your same products you lost? Would you make your website look the same? Would you even name your business the same?

When I’ve posed this question to fellow business-owners, almost all of them answer that they would change some parts of their business. Some would have different product. Others would change their branding. Some would throw it all out and begin in a totally different direction. The obvious follow-up question to someone who would change when forced to is …

“Well, what’s stopping you from changing now?”

 

We all are guilty of letting inertia and busyness make the decisions for us, but it doesn’t have to be that way. If there is something you would do differently if your business imploded and you were forced to start over from scratch, chance are you can make that change now, without the whole disaster scenario.

We get up in our heads about what we can and can’t do in our businesses. Tell ourselves that our customers won’t like this new line of products, or that it doesn’t fit into our current branding. But the truth is, you own your business, and you are your own boss. You can make whatever decisions you want. Sometimes all it takes is a little thought experiment in order to give ourselves permission to make our business what we want them to truly be.

 

In It's Business Time Tags decisions, thought experiment, small business, business, fear in business
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Creative Business-y Websites, Workshops and Webinars - Getting Clarity for Your Business

November 10, 2014 Samantha Barsky
Creative_Business_League.jpg

Here is a roundup of some of the websites, webinars, blogs, and workshops that the members of the Creative Business League recommend:

Tradeshow Bootcamp

Launched in the spring of 2011 by Katie Hunt of Kelp Designs, Tradeshow Bootcamp offers webinar and in-person workshops to help small businesses prepare for the wholesale market and large scale tradeshows. We cover everything from booth logistics, product development, creating sales tools such as catalogs, order forms and line sheets, working with sales reps, feedback from retailers and the media as well as general business courses throughout the year.

Get Media Happy

Created by Andreea Ayers of Launch Grow Joy. As a member, you’ll gain DIRECT access to media opportunities from some of the most influential magazines, editors and bloggers out there. The result? You’ll not only save heaps of time, build your email list and grow your social media following, but gain the kind of credibility that’ll set you apart as a market leader.

Practical Pinning

Practical Pinning is a four week, online course that will help you master Pinterest once and for all. Brought to you by online business owners, Dannielle Cresp and Megan Auman have seen the power of Pinterest first hand. In the last year, we’ve managed to grow our Pinterest audiences by a combined 52,000 followers! And we’ve harnessed those followers to drive traffic back to our respective websites, increase mailing list subscribers, and drive sales.

Creative Live

Free, online, live workshops that empower you to unleash your potential by bringing the world’s greatest experts directly to you, live. Featuring workshops in photography, video, design, business, audio, music, and software training, Creative Live unlocks previously closed doors by making dynamic education accessible to everyone. Don't worry, if you can't tune in for the whole live workshop, you can download it to watch anytime for a reasonable fee.

Indie Retail Academy

Clare Yuille, a retailer, is the founder of Indie Retail Academy and the go-to retail coach for artists and designers who want to get wholesale right first time. She helps creative people get their products onto indie retailers’ shelves in a way that’s non-icky (for them) and non-terrifying (for you.)

In It's Business Time Tags workshops, webinars, websites, business, small business, creative, Pinterest, Tradeshow Bootcamp, Katie Hunt, Andreea Ayers, Get Media Happy, PR, Launch Grow Joy, Practical Pinning, Megan Auman, Dannielle Cresp, Creative Live
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Ho, Ho, Holy Crap! - Getting Ready for the Holiday Season

October 28, 2014 Alyson Thomas

“By failing to prepare, you are preparing to fail.” ―Benjamin Franklin 

 

Pumpkin spice is everywhere. Days are getting shorter. And for the makers out there, sales are starting to ramp up. That’s right; the holiday season is upon us. For most product-based companies, the next two months are the busiest of the year. Now is great time to check in and make sure you are prepared.

Check Supply Levels

Before the holiday onslaught begins in earnest, make sure you have enough supplies to get you through the season, especially for any customized products like business cards. Take stock of your ...um, stock… to make sure you have enough for the rest of the year. Some things to look for are:

  • product packaging materials
  • shipping boxes
  • mailing labels
  • business cards or postcards
  • office supplies like tape, twine, stickers, etc.
  • booth supplies for holiday shows, like zip ties, kraft paper, binder clips, signs, etc.

Product

If this isn’t your first holiday season in business, you’ve probably been making product for the past couple of months with an eye to stocking up for the holiday season. That’s awesome. Keep going. November and December get busy with the business of selling, mailing, packaging, and shows, often leaving little time to actually make your products. Take advantage now, and get as much product made as you think you will need. Etsy recently posted a good formula for predicting your growth rate, which is an excellent way to estimate your holiday sales.

drywell_cocktail_package

This is also the time to think about making your products more giftable. Can you add a gift wrapping service? Maybe market and package several items together as a gift set? Do you have a gift certificate available in your shop? Yet again, Etsy provided a great blog post about ways to make your products more giftable for the holiday season.

 

Wholesale

If your wholesale clients are organized, you’ve probably already received emails from them asking for holiday products. Now is the time to contact your buyers, let them know if you have any new products for the holidays, and take final orders for the year. If your wholesale volume is high, and your products are time-intensive to make, be sure to set a realistic final order date and communicate this to your clients. Now is also a great time to follow up with clients who have not reordered in a while, to make sure they are set up for the holidays.

 

Show preparation

Save yourself some money and stress by making sure any items needed for holiday show booths are ordered and made now. Express fees for printing banners, signs, and business cards can add up. Make sure you know your booth arrangements and layouts now, so that when it comes time for the shows, you are prepared and ready to go be awesome.

 

Marketing

Print deadlines have long since past, but many blogs are just now taking submissions for products for gift guides. A quiet weekend now, preparing pitch emails and getting together a list of media contacts is time well spent, and time that you likely won’t have even a few weeks from now.

Your newsletter to your email list is another great marketing opportunity for the holidays, but they often take longer than expected to compose. Get ahead of the game by spending a little time now drafting a missive to your fans. With services like Mailchimp, you can even write it now and schedule posts to go out later -- perhaps for Small Business Saturday, Cyber Monday sales, or the launch of special holiday products.

And speaking of scheduled writing, if you have a blog, now is a great time to stockpile posts and schedule them to post throughout November and December, when you’ll likely be too busy to write.

 

Self-Care

This will be my fourth holiday season running Drywell Art, so I know how hectic and stressed life can get as a business owner during the winter. Planning in advance is the key to sanity in these final few months of 2014. There are frequently times when I am too busy to cook, or even leave the house for take out. Instead of relying solely on delivery, I make huge batches of food in October and early November and freeze them for easy eating later. Meal delivery services like Munchery and Sprig are a great (though slightly pricier) option as well.

drywell_ring_cocktail_crawl

Thankfully, this time of year has always been my favorite, so I power through on a stream of non-stop Christmas music and holiday cheer. Remembering to take time out from working and celebrate with your friends and family is key to surviving the season sane and intact. In order to make it work though, you must schedule in advance. For the past five years, I’ve organized a holiday cocktail crawl with a small group of pals. We get decked out and walk to all the festively decorated hotel bars in downtown San Francisco. The only way it works for me is by planning it well in advance. I have something to look forward to and it is an appointment on my calendar. (even if I only do get one night out in December). Now is the time to plan some fun activities with your pals in November and December.

If you have any other tips for holiday preparations, or ways to stay sane during this season, I’d love to hear them!

Here’s to a happy, productive, and well-prepared holiday sales season!

drywellart_cocktail

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In It's Business Time Tags holiday, sales, business advice
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