Monday, October 26, 2009

Sent A Hand Written Letter Recently?

When is the last time you sat down, got out a pen and wrote someone a letter?

Not an email or a text or going online for a computer generated postcard. No, no. I'm talking about a real-life handwritten letter. Been a while, huh?

Well, you're not alone. Hardly anyone sends handwritten letters anymore, and that's a shame.

A few years ago after sending countless emails and voice mails (no response) I finally sat down and wrote a handwritten letter to a prospect. Nothing elaborate, just some thoughts on a piece of paper. I got the appointment and the business.

No one...Let me say this again...No one...sends handwritten letters anymore. Do you want to get noticed? Do you want to make a point? Do you want to show you cared to take time?

Send a letter.

Email used to be great. Now, I get email from everyone (employees, colleagues, vendors, son's teacher, son's coaches, etc.) . I fly through them as quickly as possible.

Not a letter. I don't get any (I can't remember the last one I got). I'll stop and take a look at a letter.

Warren Buffet once said about investing: "When people panic, that's when you should remain calm. When people are calm, you should panic."

The same holds true with communication. When no one is sending letters, it's time to get the pen out and be heard.

--Ron Ameln, SBM

Sunday, October 25, 2009

Does FaceBook Actually Help Your Business?

Ok, I joined Facebook last week. I now have 131 friends that I can share my family pictures with, and more importantly, share the important facets of my "I'm sitting on a airplane going to Cincinnati," or "I'm freezing at my son's soccer game," etc.

So far, I've caught up with some college friends, a few former high school teammates, some clients and prospects, a high school girlfriend and I now know when everyone leaves town for vacation or gets the flu.

The problem is that I found out most of these things at the office.....when I should have been actually working to make a profit for my business.

As any business owner will attest, employee focus is one of the most difficult challenges in helping employees become successful. Social networking (even though I use and love) is yet another distraction for many workers.

I'm now on Facebook, LinkedIn and Twitter, all great tools, but here is the question: When are these tools helping me serve my customers and pay the company bills (the real reason we all work) and when are they sapping my productivity?

It's a tough question and a question all business owners will soon need to answer. Some businesses are banning Facebook from their company computers. Others are waiting to see how these tools flesh themselves out in future. I'm not sure there is a right or wrong answer, we're all trying to learn and adapt to these social networking sites.

Now, since many have handheld, Blackberry-type devices, even if you ban Facebook from your company computers, employees are still within reach.

Could there be a day when cell phones and Blackberry devices are also banned from the office? It is happening in colleges.

When deciding to allow employees access, I think it comes down to the question I posed earlier: Does the employee's participation during business hours help your company reach its goals? Don't know the answer? You'd better start thinking about it because businesses of all sizes will soon have a big decision to make.

--Ron Ameln, SBM

St. Louis' Slow Economic Recovery And Small Business

Dave Nicklaus from the Post-Dispatch had an interesting article today (10-25) about the area's history of slow economic recoveries. The expert he interviewed for the story, Jack Strauss of Saint Louis University, believes the St. Louis economy is so sluggish during recoveries because of its dearth of small, fast-growing businesses. This seems to make sense. After all, it's small business that usually creates the new jobs and pulls communities out of economic rough patches.
It's no secret that studies have shown St. Louis has a low rate of business startups and lacks an entrepreneurial culture.
It's too late to turn around for this economic downturn, but there are some things the region can do before the next downturn. Here's three things we can do today:
1. Get Our Leaders Onboard. It starts at the top. Stop with the condescending talk about how important small companies are and start putting your money where your mouth is. This goes for RCGA (quit spending money to lure businesses from other regions) and use it to help our own homegrown firms prosper. There are many successful small firms that can become future Fortune 1,000 firms, but only with support. This goes for civic progress, state and local politicians and communities as well. Do our leaders realize that 95% of area companies have less than 20 employees?
2. Change The Mindset of Area Lenders. There are MANY area lenders that won't even talk to an entrepreneur unless his business has $5 million in revenue. Interesting...didn't Build-A-Bear, Enterprise, World Wide Technology, Pangea Group, Scottrade, etc., all start out with much less in revenues? I'm not asking to take risky loans, I'm saying maybe you should think outside the box when it comes to funding area companies. Maybe more programs like the St. Louis Business Development Fund (pooling many lenders together to lesson the risks) would help. Listen...if we as a region don't nurture some of these smaller firms, where will the bank's find these $5 million companies to lend to 5 years from now? Oh, right, we'll have RCGA steal one from Cleveland!
3. Change The Mindset In St. Louis. This is a tough task for a town that wants to know where everyone went to high school. I know this used to be a corporate town and people here just flat out don't like to take risks. Well, that's part of the problem. This is a risk-reward society. The ones that take the most risk get the greatest rewards. We've got to start embracing new ideas and take a chance every now and then. In some towns, an entrepreneur who failed at a business is seen as experienced. In St. Louis, that entrepreneur is seen as "no good," "washed up," a "failure." If we're going to encourage more entrepreneurship in the region, that mindset has got to change.
--Ron Ameln, SBM