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04 - The Business Plan Writing & Using a Business Plan

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Old 08-12-2008, 06:43 AM
lesleymattos lesleymattos is offline
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Default Business Success Tips from Woman Entrepreneur Who Makes $1M Selling Photo Guest Books

Why would a woman making a six-figure salary in Silicon Valley choose to leave her high profile position with Cisco to create a product that used no 21st Century technology?

Because almost thirty years of working with Silicon Valley's top technology companies can take a toll on a gal's ability to stop and see, much less smell the roses! During a trip to Italy, far away from friends and family and immersed in a culture that lives in the moment, I realized what I'd lost sight of.

And that's where the idea for Adesso Albums was born. Six years later, Adesso Albums is an international company with more than a million dollars in annual revenue.

So how did I do it?

10 tips for Success in Business – Based on My Personal Experience:

1. Embrace change. It's an inevitable part of running a business. Rather than fighting it, wasting valuable time and eventually losing, you're better off anticipating, planning for, and embracing change. As a small business owner you should be nimble and react quickly in a variety of ways. If you look at change as an opportunity to grow, you will!

2. Use technology. Do more with less by automating routine processes with web-based applications. These applications increase productivity and free you, your staff and your resources to focus on more important tasks. And, these applications can be accessed from anywhere

3. Keep your eye on the ball. It's easy to get caught up in the day-to-day minutia of running a business. Constantly ask yourself if your daily activities get you closer to your overall goals for the company. It will keep you on track and stop you from spending time on the wrong things.

4. Know your differentiators. Compare your products and services to the real, as well as the perceived competition. A competing concept can be even more threatening than an actual product. Unless you have thought about what differentiates your product or service from everything that's out there, your marketing efforts will fall short.

5. Lead by example. Peers and subordinates alike will learn from your example. They “listen” with their eyes more than with their ears. Your actions mean more than what you say to them. Make sure your processes and actions both inside and outside the office are things you want emulated.

6. Give the illusion of participation. Everyone likes to feel like they are part of the decision process, so let them! Then do what you think you ought to do anyway. It's not necessary, and often actually a hindrance in a small business environment to employ the decision by a committee process.

7. Control timing. We often miss opportunities because we think we have to respond immediately to stimuli such as phone calls or emails. Just because the phone is ringing or an email comes in, it doesn't mean you have to react. Your day shouldn't be a series of interruptions. The more you control your distractions, the more effective you'll be.

8. Know what you don't know. It's inconceivable that you could have an in depth knowledge of every aspect of your business. Acknowledge your weak areas and surround yourself with competent resources and trusted partners and learn from them.

9. Stay organized. It is critical to update, edit, add and delete from your list of to-do's on a daily basis. Nothing feels better than crossing things off. And, with a well-maintained list for you and your team, everyone will stay on track and your chances for success are enhanced.

10. Plan for success. Formalize your processes as you go. Plan for and build infrastructure ahead of your growth. So when your growth spurt comes, you're ready for it. And don't forget to celebrate your successes along the way. Stop and pat yourself and your team on the back as milestones are achieved.

Following these ten tips not only helped me grow Adesso Albums to over a million dollars in annual revenue last year, it also helped me reach tens of thousands of people and help them live in the moment. Everyday we get cards, letters, emails, pictures and even videos from our customers telling us how Adesso Albums have touched their lives – and in so many ways – both personally and from a business perspective.

From the couple who just got married and looked at their original instant photo guest book every day of their honeymoon to the military family who used an album to chronicle what happened while the dad was on tour for a year, to our international distributors who each used the albums at their weddings and have since quit their day jobs to sell Adesso Albums in their part of the world – its' all very humbling.
With a good idea, a little luck and my ten tips, you are well on your way to success too!

Lesley Mattos is Owner of Adesso Albums, Inc. and creator of the original instant photo guest book that combines retro, funky and fun Polaroid instant photos with hand written sentiments from guests. Now you can create an instant memento that is presented to honorees at events such as weddings, birthdays, anniversary or retirement parties as they are leaving! Visit adessoalbums.com

Last edited by lesleymattos : 08-12-2008 at 06:46 AM.
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Old 08-24-2008, 05:51 AM
BusinessQuestions BusinessQuestions is offline
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Default Ms. Mattos your words inspire

Okay, will you be my business mentor? Serious question btw!

I plan to start a web based business in the next month or two. I appreciate your points here and you have helped at least one person with it. Me! I realize I didn't stumble on this for nothing. First night here for me.

I can see you have not only a creative background (like your product) but you are also in tune with your own reality for progressing your business. One that I think I can adopt. Yes, who would think a product could be "recreated" and appreciated by so many. But you did a nice job. 58 reads on this post and noone has chimed in on this great advise? What's going on people?

I don't care if you sold fake cotton candy. I'd like to hear from you again.

Thanks again,

John
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Old 08-26-2008, 06:14 PM
mimiparis12 mimiparis12 is offline
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Smile Great Advice

I would like to thank you for the vital information you posted. I am a new boutique owner and, the 3 months I have been in business have been very hard but, I would not change it for the world. I lost my business partner 2 days's prior to my grand opening, my finances are limited, I have no business credit or personal credit, I am need of inventory and other things to make my business a success. I do have determination, a dream and also the drive to over come these obstacles and I will. your advice was muched needed and I hope you continue to bless us with more of your knowledge in building a successfull business.
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Old 09-09-2008, 11:50 AM
superb8effect superb8effect is offline
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Default

Some short tips for Ordinary Women to build Extraordinary Success here:

http://kutenk2000.blogspot.com/2008/...ary-women.html
http://kutenk2000.freehostia.com/BSuccess.html
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