Tag: Business

How Being a Good Listener Can Help Your Business

25% efficiency. While most people agree that listening is a very important skill, most don’t take the time to improve their own skill set. We might focus on the mechanics such as nodding or eye contact, but a truly good listener goes beyond that. Since the purpose of marketing and advertising is to influence peoples’ perceptions and behavior, good listening should be at the forefront of business skills to master. bwki71ap-y8-tim-gouw

Why Listening is Important

Most companies try to listen to their customers as they are invested in their customer’s satisfaction. But are they understanding their customers? Listening is more than the ability to hear what people say. It’s about being curious and contemplating someone’s desires and motivations. Empathy plays a huge role here.  In order to truly get a grasp of what your customers want, you need to able to put yourself in their shoes and be able to narrow down their incentives. Recognize that your customer has human feeling and emotions. This capability is essential for marketing professionals who want to create messages people will notice, like, care about and remember when making a purchasing decision. You can notice the ones that miss the mark. The ads feel strained or fake or the message fails to engage the audience. Don’t let an ad fail due to simple miscommunication. Listen with full attention and implement your ability to understand. Listening contributes to a personal connection between you and your customer. It also creates openness. If you are focused on listening to your customer instead of speaking as much as you can, there will be room for new ideas and brainstorming. Their authentic brand or ideas will be able to shine through. So what is your next step? Here is a list of 10 Tips for Being a Better Listener by Gianfanga Marketing Strategy that we found particularly helpful, and hopefully you will too: 1. Take the time. Marketing is a fast-paced business and there’s huge pressure to create campaigns and strategies quickly. But if you really want to succeed, you need to build in the time and budget up front to gather input from the client, customer, and prospect 2. Listen to the right people. Talk with the people you’re actually targeting with marketing – customers and prospects – not just your marketing colleagues or people like you. 3. Learn the lingo. If you want prospects to relate to your marketing messages, you need to know the terms and phrases they use when talking about their needs and your product. 4. Delve deeper. Go beyond the obvious questions (“Are you satisfied with our product or service?”) to more probing queries that help you understand the motivations that drive behavior. Make questions open-ended so people can use their own words. 5. Feel the emotion. How do people feel about your company and themselves when they use the products or services you provide? Do they feel confident, happy, pretty, smart, safe? Listen for the emotions underlying the purchasing decision. 6. Listen with your eyes and ears. People reveal a great deal with their body language when they talk. They lean in, make direct eye contact, and use their hands to emphasize their points. Watch carefully and notice the details; see what makes their eyes light up. 7. Don’t be judgmental. Be impartial and neutral when listening. Remove your own biases. It’s not about what you think – it’s about what they think. 8. Avoid stereotypes. Don’t assume you know what someone is thinking because they are young, old, male, female, married, single, a high school dropout, or a Ph.D. Making assumptions based on stereotypes or demographics is a common mistake. 9. Take careful notes. Relying on your memory can be dangerous, even if you’re under 30. It’s too easy to remember what you think someone said, not what they actually said. Record and transcribe the discussions. Focus groups always should be recorded for the marketing team. 10. Reflect on what you’ve heard. Think about the totality of the discussion afterward. What was the customer or prospect really telling you? What stands out most in your mind? What do they truly care about? This is what you need to know to create marketing campaigns and content that engage people on a human level.]]>

U.S. Presidents Who Started as Entrepreneurs

1. Harry Truman After serving in World War I, Turman opened a men’s clothing store with friend Eddie Johnson upon returning home to Kansas City. It is said that the saying “clothes make the man” could have been coined by Truman. The store was open from 1919 to 1922 but eventually fell victim to the post-war recession. Truman found himself just barely escaping bankruptcy, however, he managed to eventually pay off all his debts. b1e35a96-cfee-4ee4-98a3-9af69a7db5f3

2. Franklin D. Roosevelt

Roosevelt founded the Roosevelt Warm Springs Institute for Rehabilitation in 1927. As a sufferer of polio, he raised funds to turn a spa into a for-profit healing center for victims of polio. Still operating today, the Warm Springs, the Georgia-based institute serves about 4,000 people with all types of disabilities each year. efcb06f6-7030-4c0c-8508-54136ef07325

3. Abraham Lincoln

The only U.S. president to receive a patent, Lincoln invented a device to lift riverboats over sandbars. In 1833, he opened a general store with partner William, Berry. Even though the business folded within a year and Lincoln’s possessions seized by the sheriff, Lincoln didn’t quit. He went on to own a law practice, becoming a symbol of perseverance, for his resilience even in hard times. 448339-54565471ab055c2f8323847761575551

4. Warren G. Harding

In 1884, when Harding was 19, he and several partners purchased a small, struggling newspaper in Ohio called The Marion Star. The newspaper became quite profitable, thanks to his wife Florence who helped manage the business operations of the newspaper. The newspaper eventually provided Harding with the income needed to fund his campaigns for public office. warren-g-harding-9328336-1-402

5. Herbert Hoover

Hoover launched his own mine engineering business in 1908. His company employed 175,000 workers and specialized in reorganizing failing companies, as well as sought new mining prospects and finding investors to pay for developing the best mines. 98f/14/huty/12221/04

6. Jimmy Carter

After Carter’s father died in 1953, the family farm was in danger of being lost. Carter ended up leaving the Navy that same year and returned to Plains, GA to run the peanut farm. With hard work and dedication, he eventually expanded the Golden Peanut Company by 1959, into an international business with multiple warehouses and a peanut-shelling plant. 9bef51ec-b76a-4867-8434-2b27bcad92ab

7. George Bush

In 1951,  Bush started the Bush-Overby Oil Development company with his neighbor John Overby, after graduating Yale. By 1953, Bush-Overby had merged with another independent oil company to form Zapata Petroleum, which would later make him a millionaire. By 1959, Bush moved to Houston to become the president of Zapata Offshore. 88bf0cba-57f9-48aa-85d8-07cd34eb173a  

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Q&A with MPW CEO Natalie Hale

Natalie Hale, CEO Media Partners WorldwideMedia Partners Worldwide, a women-owned business, was founded in 1997, by Natalie Hale and a small team of radio veterans working out of a garage. In honor of the 20th anniversary of Media Partners Worldwide, we asked Natalie to answer a few questions about entrepreneurship and starting a successful business on her own.  

1. What three pieces of advice would you give to those who want to become entrepreneurs?

Don’t give up on having a family or put it aside too long. You can still have children and run a company. It just takes coordination with your partner. Sacrifices will be made, but it is worth having the fulfillment of a family and having your own business. One of my biggest regrets is putting a family on hold and thinking that it was selfish or impossible to do both.  Through the years, I have met many successful female entrepreneurs that manage to do both and make it work! Don’t think that you have to have a lot of capital to get started. I started with some money in the bank, however, I really didn’t need it and was, fortunately, able to have immediate cash flow.  You just have to think smaller at first and know that if you don’t have capital you can still have your own business. Although it will grow more slowly and not have all the bells and whistles at first, you can still succeed. Get a support group to help you. Without my ex-husband who was a mentor to me in business, I would not have been brave enough to move forward.  After being in business for a few years, I got involved with some different CEO groups that helped me with different ideas and problems.  These groups were invaluable and helped me so much with all the different decisions. From employee legal decisions, motivating and keeping employees,  balancing and figuring out my profit and loss, to dealing with the everyday emotional struggles that can come up day to day,  I learned so much from my CEO groups. I recommend that all entrepreneurs try to join a good group asap. It will help you make fewer mistakes, feel more confident and grow your business quicker with this invaluable support group.

2. What inspired you to start a new business venture? How did the idea for your business come about?

After working for CBS for almost 10 years, I was getting burnt out with the corporate stress and changes.  I decided to take a break and do my own thing temporarily, while I figured out what I wanted to do.  A client asked me to develop and place a NATIONAL radio campaign with 20k per week budget. Luckily, it successfully took off and that was the beginning of my business. I never worried about looking for a job again. I remember I agonized about the name of the company. I wanted it to sound bigger than life!

3. What sacrifices have you had to make to be a successful entrepreneur?

I sacrificed not having a child of my own for a long time.  I was terrified that if I had a baby, everything would fall apart and that I would not be able to manage my business.  It was when I was 40, that I finally accepted that with the help of my partner, I could really do both.

4. If you had the chance to start your career over again, what would you do differently?

Probably would have done more traveling when I was younger, and more networking in college. Many of my old college associates became entrepreneurs and I wish I would have kept better in touch with them, as there might have been more synergy and support to work together, Also, I do wish I would have gone to school and earned my MBA right after earning my BA. Running my company for 20 years, I feel like I have been through a rigorous MBA program now, but it would have been helpful and given me more confidence to grow the business bigger and more quickly if I had that structured information sooner.]]>

Q&A with MPW CEO Natalie Hale

Natalie Hale, CEO Media Partners WorldwideMedia Partners Worldwide, a women-owned business, was founded in 1997, by Natalie Hale and a small team of radio veterans working out of a garage. In honor of the 20th anniversary of Media Partners Worldwide, we asked Natalie to answer a few questions about entrepreneurship and starting a successful business on her own.  

1. What three pieces of advice would you give to those who want to become entrepreneurs?

Don’t give up on having a family or put it aside too long. You can still have children and run a company. It just takes coordination with your partner. Sacrifices will be made, but it is worth having the fulfillment of a family and having your own business. One of my biggest regrets is putting a family on hold and thinking that it was selfish or impossible to do both.  Through the years, I have met many successful female entrepreneurs that manage to do both and make it work! Don’t think that you have to have a lot of capital to get started. I started with some money in the bank, however, I really didn’t need it and was, fortunately, able to have immediate cash flow.  You just have to think smaller at first and know that if you don’t have capital you can still have your own business. Although it will grow more slowly and not have all the bells and whistles at first, you can still succeed. Get a support group to help you. Without my ex-husband who was a mentor to me in business, I would not have been brave enough to move forward.  After being in business for a few years, I got involved with some different CEO groups that helped me with different ideas and problems.  These groups were invaluable and helped me so much with all the different decisions. From employee legal decisions, motivating and keeping employees,  balancing and figuring out my profit and loss, to dealing with the everyday emotional struggles that can come up day to day,  I learned so much from my CEO groups. I recommend that all entrepreneurs try to join a good group asap. It will help you make fewer mistakes, feel more confident and grow your business quicker with this invaluable support group.

2. What inspired you to start a new business venture? How did the idea for your business come about?

After working for CBS for almost 10 years, I was getting burnt out with the corporate stress and changes.  I decided to take a break and do my own thing temporarily, while I figured out what I wanted to do.  A client asked me to develop and place a NATIONAL radio campaign with 20k per week budget. Luckily, it successfully took off and that was the beginning of my business. I never worried about looking for a job again. I remember I agonized about the name of the company. I wanted it to sound bigger than life!

3. What sacrifices have you had to make to be a successful entrepreneur?

I sacrificed not having a child of my own for a long time.  I was terrified that if I had a baby, everything would fall apart and that I would not be able to manage my business.  It was when I was 40, that I finally accepted that with the help of my partner, I could really do both.

4. If you had the chance to start your career over again, what would you do differently?

Probably would have done more traveling when I was younger, and more networking in college. Many of my old college associates became entrepreneurs and I wish I would have kept better in touch with them, as there might have been more synergy and support to work together, Also, I do wish I would have gone to school and earned my MBA right after earning my BA. Running my company for 20 years, I feel like I have been through a rigorous MBA program now, but it would have been helpful and given me more confidence to grow the business bigger and more quickly if I had that structured information sooner.]]>