{"id":12589,"date":"2014-01-03T13:56:12","date_gmt":"2014-01-03T21:56:12","guid":{"rendered":"http:\/\/rosalindgardner.com\/blog\/?p=12589"},"modified":"2015-07-22T16:49:59","modified_gmt":"2015-07-22T23:49:59","slug":"jumping-off-the-virtual-cliff-big-ideas-for-solo-business-owners","status":"publish","type":"post","link":"https:\/\/rosalindgardner.com\/blog\/jumping-off-the-virtual-cliff-big-ideas-for-solo-business-owners\/","title":{"rendered":"Jumping off the Virtual Cliff: Big Ideas for Solo Business Owners"},"content":{"rendered":"

\"think-bigger\"Entrepreneurship is all about leap of faith. Every small business owner does it. The dirty secret is that these leaps of faith are not one-time occurrences. Small business owners have to do it again, and again.<\/p>\n

While serial entrepreneurs almost ways jump into the new almost as if it\u00e2\u20ac\u2122s as easy as it is to breathe, many other business owners have to grapple with the new, surmount new challenges everyday, run their business, embrace new ways to market products\/services, and more.<\/p>\n

Yet, doing all of that is \u00e2\u20ac\u0153mediocre\u00e2\u20ac\u009d for entrepreneurs. Assuming you want more out of your entrepreneurial efforts, there\u00e2\u20ac\u2122s so much more to do.<\/p>\n

Here are some big ideas for your small business:<\/p>\n

The \u00e2\u20ac\u0153Small\u00e2\u20ac\u009d is in the Mindset<\/b><\/p>\n

There\u00e2\u20ac\u2122s fun in being small. You can be agile, quick, and highly receptive to change. You could make decisions in a second. Most people mistake \u00e2\u20ac\u0153small\u00e2\u20ac\u009d to being \u00e2\u20ac\u0153no good.\u00e2\u20ac\u009d Small is certainly beautiful. However, no one ever said that you don\u00e2\u20ac\u2122t have to leverage to be small. You could be a tiny one-person operation and still have as much leverage as you like. The \u00e2\u20ac\u0153small\u00e2\u20ac\u009d and \u00e2\u20ac\u0153big\u00e2\u20ac\u009d is in the mindset<\/a>, and that has nothing to do with profitability.<\/p>\n

Find ways to leverage your business using people or technology or both. For instance, hire help to manage and organize your operations. Have ambitious sales people connect with partner channels to drive up your sales. Hire help for any aspect of business that you are not good at where you\u00e2\u20ac\u2122d inadvertently spent tons of time, such as accounting, legalese, shipping and logistics.<\/p>\n

Scale. Grow. Orchestrate.<\/b><\/p>\n

Whatever you do, grow organically. Make it all a part of your business plan from the start. Create your business plan outline<\/a> in such a way that it accommodates for growth and accounts for cash flow. Your business plan shouldn\u00e2\u20ac\u2122t be a professional piece of writing only to be forgotten. Much like musicians use their music notes, you have to use your plans and blueprints to orchestrate the growth of your business.<\/p>\n

You aren\u00e2\u20ac\u2122t in a race, you are in business. Take your time to grow and scale. Do it with your money and not from external funding.<\/p>\n

Go Ecommerce<\/b><\/p>\n

\u00e2\u20ac\u0153<\/i><\/b>Oh, we do have a website for our business\u00e2\u20ac\u00a6\u00e2\u20ac\u009d<\/i><\/p>\n

\u00e2\u20ac\u0153Our website looks awesome! Plus, we are on Facebook, FourSquare, and Twitter.\u00e2\u20ac\u009d<\/i><\/p>\n

Good start there, but that isn\u00e2\u20ac\u2122t enough.<\/p>\n

No matter which business you are in, it\u00e2\u20ac\u2122s time for to go ecommerce. It\u00e2\u20ac\u2122s a 300+ billion dollar opportunity in the U.S alone. Add the world\u00e2\u20ac\u2122s markets to this number and you\u00e2\u20ac\u2122d only wince at the size and opportunity.<\/p>\n

It\u00e2\u20ac\u2122s easy to setup ecommerce stores today thanks to technology and the low-barriers to entry. Given that you are already in business (whether you sell products or services), it\u00e2\u20ac\u2122s only a matter of adding the internet and the mobile as much-needed channels for your business growth. The decision to go digital to sell doesn\u00e2\u20ac\u2122t even have to be strategic for you to let it marinate in your head or discuss with partners (if any).<\/p>\n

It\u00e2\u20ac\u2122s a \u00e2\u20ac\u0153Do it now or good luck Chuck\u00e2\u20ac\u009d situation.<\/p>\n

Why are You Local while Global Awaits?<\/b><\/p>\n

\u00e2\u20ac\u0153So, we are a local business operating in downtown Manhattan. We are this, and we are that.\u00e2\u20ac\u009d<\/i><\/p>\n

\u00e2\u20ac\u0153We are a fish tackle business operating to serve this beautiful, small, and enthusiastic community of fishing enthusiasts!\u00e2\u20ac\u009d<\/i><\/p>\n

\u00e2\u20ac\u0153We sell trinkets, widgets, and a host of other stuff locally\u00e2\u20ac\u00a6\u00e2\u20ac\u009d<\/i><\/p>\n

Unless you are an entrepreneur who is extremely happy with a local business and has no intentions of growing the businesses larger than it is, every other business owner gets into the: will grow, profit more, and create more wealth category.<\/p>\n

If so, why stay local?<\/p>\n

There\u00e2\u20ac\u2122s only so much market opportunity as long as you stay local. You\u00e2\u20ac\u2122d also have stiff local competition that eats into the already diminutive size of the market available to you. Kunal Sarda, co-founder and COO of VerbalizeIt, wrote on Forbes.com<\/a> that 96% of the world\u00e2\u20ac\u2122s consumers live outside the U.S. Go multi-lingual, multi-national, and deal with multiple currencies. The rules are changing. Your country isn\u00e2\u20ac\u2122t the only country in the world where people need your products and services.<\/p>\n

Instead, you could reach to nearby cities or spread your wings to the whole country. If you could work a way to stretch beyond borders and go global, your market size grows that much bigger. Taking the ecommerce route is an obvious first choice but imagine the size of the target market you\u00e2\u20ac\u2122d have if you plan to go global!<\/p>\n

Grow Your Marketing Up<\/b><\/p>\n

Small businesses think small with most aspects of their business. It\u00e2\u20ac\u2122s no wonder that E-myth Revisited<\/i> by Michael E. Gerber was such a popular book. Since marketing fuels capitalism and helps you grow your business, you need to grow up in thought, form, and function when it comes to marketing.<\/p>\n

It\u00e2\u20ac\u2122s time to walk the rope and feel the flinch<\/a>, as Julien Smith writes about in his book The Flinch<\/i>.<\/p>\n

If you never advertised online through Google AdWords, do it now. Increase your exposure with social media ads or sponsored updates. Did you ever try hiring global talent for creative or marketing services? Try outsourcing.<\/p>\n

Experiment with landing pages, native advertising, media buying, leveraging ad networks, and retargeting. Kristy L. Campbell, director of marketing and Communications at Manta, also has a few tips to mobilize your marketing<\/a>: dare to go back to traditional media, make sure you stay on the grid, create mobile opt-in programs, and tap into social media.<\/p>\n

Stay small but think big. Growing into the \u00e2\u20ac\u0153big\u00e2\u20ac\u009d happens not by chance but by thought, execution, and commitment. Mistakes are a part of the package. Assuming you want success and growth, thinking is your ticket to the destination you have in your mind.<\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneurship is all about leap of faith. Every small business owner does it. The dirty secret is that these leaps of faith are not one-time occurrences. Small business owners have to do it again, and again. While serial entrepreneurs almost ways jump into the new almost as if it\u00e2\u20ac\u2122s as easy as it is to […]<\/p>\n","protected":false},"author":580,"featured_media":12592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[28],"tags":[1149],"yoast_head":"\nJumping off the Virtual Cliff: Big Ideas for Solo Business Owners - RosalindGardner.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rosalindgardner.com\/blog\/jumping-off-the-virtual-cliff-big-ideas-for-solo-business-owners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jumping off the Virtual Cliff: Big Ideas for Solo Business Owners - RosalindGardner.com\" \/>\n<meta property=\"og:description\" content=\"Entrepreneurship is all about leap of faith. 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