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Small Business Ideas to Help You During Economic Downturn



Are you looking for ideas that will help your business sail through some really difficult economic times? Or are you looking for ideas for businesses that will be successful, despite the financial slump you see all around? Either way, the answer lies within you. The creative ideas have to come from within you. If you feel that things are going too slow, do not be dejected. Because if you lose heart, then recovering your confidence will be difficult. With your true confidence you can come through all tough spots and be a winner.

The first thing to do would be to forget that you are in a bad economy. You have to have a winning attitude. If you believe things will improve, they will. So the first thing is to keep yourself feeling positive. This is just a phase, a stage of your life and like all other stages, this too shall pass. You just have to keep your focus on your goal and be mentally prepared to face anything.

Next, call a meeting of your staff. Ask them to contribute to their thoughts and ideas. Listen to them and take notes. Try to chart out a list of problems you are facing and are likely to face. Then work out how you will cope up with each problem. Let every member contribute. Brainstorm on every aspect of the business from all angles possible. Do not reject any of the small business ideas the others come up with without giving it a thorough thought. Weigh the options well. Look into the pros and cons of every suggestion. If the idea is not of merit now but can be used in future, make a note of it.

Even before you start asking others for small business ideas, there is something that has to be done. You have to build a feeling of team spirit. Make every member associated with your organization feel special. Every one of them is going to contribute to the success of the business and they all have to feel needed. Prepare a motivational speech. Speak from your heart. Strike a positive note that all can identify with and then get down to the task of getting everyone involved in creative ways to develop more sales and improve business.

Have a dialog with your vendors and pick their brains for creative ideas and thoughts. Find out what others in your industry are doing. Look for the positive and not the negative.

Always remember that others have been successful during tough times too. There are many great visionaries who had to face challenges before the world accepted their genius. So when you want small business ideas or are sailing rough seas, say to yourself that if they could do it, you can too.

7 Ways to Define Your Small Business’s Brand



Defining your small business’s brand enables you to present the most important facts about your business in a compelling story that will help you connect with your target customers.

That’s certainly easier said than done, though – defining a business’s brand can be tough. Entrepreneurs often have a hard time creating a brand definition for their businesses. This can be because they are so because they’re so intimately involved with the business – they work in it day in and day out, and lose track of the bigger picture. Others are so passionate and involved in their mission, that they forget to explain the business to others, assuming that everyone will “get” it intuitively. Whatever the reason, this difficulty can lead to a business that doesn’t communicate clearly, that confuses customers or that just isn’t compelling.

When the going gets tough, the tough get a process

In order create a brand definition that tells your business’s story, you need to define 4 things: who you are (the personality and motivation for your business), what you do, what makes you different from your competition, and your target audience, or the people to whom you’re telling that story.

How do you do that? Here are 7 ways to come up with an interesting, engaging and compelling brand story for your small business – and it won’t be too tough.

1. Capture your thoughts about your business – in writing. If you were writing a novel, it would be important to start with an outline instead of trying to write the narrative straight from your imagination. The same is true for your business. Taking the thoughts and ideas that you have about your business and recording them can help you take the first step towards being both organized and thorough when creating your brand definition. If writing isn’t your thing, try talking about your business into a voice recorder, and then having the recording transcribed; speaking about your business may be more natural than staring down a blank page.

2. Start with the easiest section. Is there one portion of your brand definition that seems easier to articulate than the others? Beginning with something easy and quick can give you the momentum to move through the rest of the process. For example, if you’re really clear on what you do, it can help to get that down first and then to move forward from there.

3. Scrutinize your marketing materials. Read your own website, blog, and marketing materials with a curious and critical eye. What do you say in them that really reflects your thoughts on your business? And, what parts of your marketing materials appeal to your audience? Look to your materials to see what’s working and what you should continue to use. Remove yourself from them as much as possible so that you don’t overlook any subtle messages. And be sure to consider the things that you’ve said a thousand times before – those bits can be the most genuine. Go back over your past marketing materials as well – you can get a lot of valuable information out of your own history.

4. Review others’ thoughts about your business. Go through your customer testimonials, emails, conversation or past feedback, review those to get gems of insight. What do people continually say about you? What comes to you as second-nature, yet still gains you compliments? How do others introduce or refer you? Listen to people who are talking about you – and see if what they’re saying rings true. If you don’t have testimonials yet, this might be a good time to go out and ask for some – they can help you in both your branding and marketing efforts.

5. Sift through questions you’ve received. Customer questions can be a gold mine filled with requests for the types of information that belongs in your brand definition. You’re not looking so much for questions about the logistics of what you do – your delivery, process, contracts, or policies (though bits of these could contribute to your brand definition). More often, you’ll be looking for questions about your beliefs, background and motivation, the answers to which could as a backbone to your story. Questions have the added benefit of coming from your target audience – so you already know what they want to know.

6. Compare yourself to the competition. Read your competitors’ websites, blogs, newsletters, and any other marketing materials you can get your eyeballs on. Seeing what they’re up to, what they talk about and what’s important to them can help you to identify your brand – especially how you’re different from them. Look for their brand stories, and use them as a template – fill your unique information into their overall format. Consider doing some hands-on research as well – purchasing their products or services so that you can experience them (if that’s practical).

7. Ponder where you want your business to go. Your brand definition should be about both what you currently do and what you wish your business will become. You won’t want to create a brand story that you’ll then have to change in a years’ time – or even within a couple of years. Think about the direction you’d like your business to take in the future. If you can’t predict the future, then changing the story won’t be the end of the world – but there’s no harm in trying to create something that will last.