Posts Tagged 'what mom entrepreneurs need'

Effective Mompreneurs Have Effective Business Plans (and you can, too)

One of the simplest and most effective things I’ve done for my business is to finally sit down and write a business plan. I avoided doing this for three years. I had all sorts of reasons why I didn’t think it was necessary, and I had even more ideas about how hard it would be to do. Silly me.

I can’t wait to interview Melodie Lane, National Marketing Manager from the “One Page Business Plan” Company for my next teleseminar in the WoMEN: What Mom Entrepreneurs Need teleseminar series. This will be the third installment in the WoMEN series, and it will take place next Tuesday, April 28th, at Noon ET on my BlogTalkRadio show.

I had the good fortune of meeting Melodie on twitter (no surprise there!). Here’s a little background on her so you will know where she’s coming from and a picture of her with her four fabulous boys:

melodie-lane

Three and a half years ago, Melodie was launching her last business as an independent project manager and attended a local workshop on how to write a “One Page Business Plan.” There she met Jim Horan, founder and CEO of the “One Page Business Plan.” Jim became her first client and dear friend. Today, Melodie is an integral part of the company as the National Marketing Manager. She loves doing this job within the sisterhood of moms and enjoys the opportunities the company provides her to do what she is passionate about-helping people turn their ideas into thriving businesses. She has also built two successful businesses from the ground up and considers herself an entrepreneur at heart. Melodie is a busy, single mom living in Pleasant Hill, CA with her four boys.

The “One Page Business Plan” Company is an international consulting firm with over 450 consultants. They specialize in helping business owners “re-think” their businesses and then help them construct extraordinarily clear and concise strategic business plans-on a single page. The original “One Page Business Plan” book has been an Amazon.com best seller for over 11 years. Their next book, due out this summer, is the “One Page Business Plan for Women in Business.”

You won’t want to miss this information-packed hour in which Lara asks Melodie to give us the scoop on why working moms need a business plan, how to create one that reflects your definition of success, and understanding how an effective business plan equals results.
Having my WAHMs create business plans for themselves is a foundational step in my coaching practice. The One Page Business Plan is the template I have all my clients use because it is simple and effective. Learn why this isn’t just something “the big companies” should care about, and why not having one could be the very thing standing between you and the success you deserve.
The schedule for the WoMEN: What Mom Entrepreneurs Need teleseminar series continues every second and fourth Tuesday of each month at Noon ET. Visit www.whatmomentrepreneursneed.com for more information and to sign up for freebies that my speakers are sharing with our listeners!
Do you have a business plan? If not, what keeps you from creating one? If you do, what finally made you realize it was time to have one? I’d love to read your responses below.

Wondering if your biz idea will sell?

If you are an entrepreneur, you’ve had the experience of being struck with a “bright idea” that you’re certain will make you money. Hopefully, lots of money.

mom-biz-coach-pile-o-money

Many of the mom entrepreneurs I work with have incredibly creative minds and come up with new ideas for their businesses all the time. That’s part of what makes being an entrepreneur so much fun. After all, it’s not often when you’re working for someone else that your ideas are valued as much as you’d like them to be. When you work for yourself, you have the opportunity to turn your great ideas into actual products and services you can sell.

But how do you know if your idea will make you money? Or to put it another way, what if nobody else thinks your idea is so great? How much time, money, and energy can you afford to put into a business or a new product or service that doesn’t sell?

Well, I’ll be honest with you. I don’t have a crystal ball and am not able to tell my coaching clients how to predict what the market will like or not like. I wish I could. But there are some easy, cheap (or free) steps you can take to be sure that you create a business, product or service the market will buy.

One of the first steps is to be clear on what your niche is and knowing what your niche market needs. If you just create a business idea and hope that someone buys it, you’re probably wasting your time and money. And these are two things mom entrepreneurs don’t have a lot of.

Secondly, it helps to utilize some of the free/cheap web tools that are out there to actually do a bit of market research before you spend money bringing your idea to reality. This research will save you time, energy, money and stress, so it is definitely worth doing beforehand!

I’ll be talking more about this in my upcoming teleseminar on Tuesday, March 24th at Noon. I’ve invited internet marketing guru Steve Weber (of www.weberinternetmarketing.com) to be my guest expert and to answer all of your questions about starting a business or creating a new product or service that will make you lots of money.

You can register for the teleseminar “Is Your Idea Viable?” by clicking here. The $19 fee will certainly pay for itself when you learn some of the marketing research techniques Steve and I use to be sure our own ideas will sell.

Steve and I will be taking questions from participants on the call (or via the webcast) and would love to help you with yours. When you register, you’ll get immediate access to the teleseminar information (including bridgeline and webcast access).

“Is Your Idea Viable?” is the first teleseminar in the WoMEN: What Mom Entrepreneurs Need teleseminar series I’m offering to mom entrepreneurs who want some short cuts and support in making their business incredibly successful this year. Visit my website to learn more about the series and see who’s up next on the agenda! The series debuts March 24 and continues every two weeks through December.

Are you toying around with a bright idea that you’d like to make a reality? What tools/strategies/methods do you use to test the market before you launch? Leave a comment below and share your questions or best practices.

I’m not a quiet person

shhhh-mom-biz-coach
I’m not a quiet person. So when I get quiet, it usually means there’s something going on. Well, I’m excited to say that there is a lot going on right now, and I’ve been quiet (or out of communication) lately because of it. It’s good to finally share some of what I’ve been up to with you again.
 
The start of every new year brings me renewed energy and a strong focus. Last month I created my Business Plan for 2009, and almost as soon as I wrote down my goals, I took off and got into action to start making them happen. Seeing my goals on paper just sets me on fire and off I go! That’s not to say that I do all this planning and accountability on my own–I can’t say enough about how important my Coach has been for keeping me focused and on track.
 
I am creating a lot of new offerings for mom entrepreneurs that I can’t wait to share with you. One of the biggies is a new teleseminar series that will give mom entrepreneurs all the advice, tools, resources, mentoring and coaching they need to love their life and business! The other is the formation of Biz/Life Coaching Groups that allow working moms the chance to learn from and share with a community of their peers. It’s a great way to take the edge off the loneliness of being an entrepreneur and to get the support and accountability of other women who really get you and may have already “been there, done that.”
 
I’ll share more here when I have some of the details finalized. If you just can’t wait to hear more about them, you can email me right now.

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