Small Business Tuesday Tidbits: the September Series


Some days, posting what I think is hard but I know it is important. Three Lessons today to read:

Time, Lists and Numbers

Time waits for no man/woman. That sure is the statement of the century. I have been at Calabar imports for 10-1/2 years, December will make it 11, and one thing I have observed is that time flies fast, so I have been working with speed to do all the things that I have on my list – yes, that master list. I keep one. This year, the list included adding more locations – the result is 2 more. I keep that list around so I can see what I plan – and the list is a 6 year plan not a 5 year one, as it is in-tuned with my rhythm and life. 2018 is the next big shift but 2016 – as it will be 12 years at Calabar Imports. I take note that the number 6 is key to my life – my birthday is on the 6th, my home number has a 6, I watch it as a sign to note. ‪#‎powerfulstuff‬

Stop Talking, Plan and take Action

I am a talker so when I tell anyone to stop talking – folks look back at me. But, when it comes to business, I stop talking and listen, then, I plan and take action. In order to stop talking, you have to have a Sustainable PLAN. Most people tell me that they have a plan but most plans I hear about are not innovative or realistic. The typical ones I hear are repeating the same actions – for example – selling at events as a vendor – nothing wrong with that option but after a year – what’s next? Why do I say that? It’s a maximum income of $25,000 a year – or at best $30,000. That’s a part-time job and not all that work it takes to vend. So I ask, what’s your next plan. When I suggest selling wholesale or doing a store, most vendors look at me like I am crazy, which makes me wonder – I am just suggesting options to grow your business. What it actually reveals to me is something most people do not realize – they have no plan beyond the vending process. It’s a choice to stay with the familiar and not take risk. So if there is no plan, there is no action.

Patience, Perseverance and Strategy

I am not a patient person, but running a business teaches you patience. So many folks around me are in a rush to make lots of money and be famous, I am the opposite – I take the slow road of consistency, grit and hard work. Some say it builds character but it really builds a strong foundation. I know this road well – in 2006 when the economy began to shift, I took note and shifted things – so I survived 2008. Then, a fire in 2011 not 2012 reinforced opportunity to grow and expand and I took the growth road. So 2015 will end with 2016 plans intact – a goal to increase the business by 2 times our size, fine tune it and increase revenue in particular areas and dominate in others. It take Perseverance to do this but not without a clear strategy. While others focused on the spotlight, I take the background and steer my business along – it is the way of the risk taker – and my strategies are not to do the expected – but to do what I know best – build a solid business. So many when I started our no longer here even with all the press and the bright lights. I learnt that lesson when I was at Parsons – the C students ran the companies while the A students worked for the companies. The C Strategy was to have fun, party and network. The A student followed the rules. Risk and Strategy beats the rules sometimes.

Each week on my facebook page, I post these tidbits. Join me there.

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