Womens Leadership

Savor DallasI moved from working in my business to working on my business!
Jim White, Founder Savor Dallas
http://www.savordallas.com
 
CoachWorks InternationalI found a community of business leaders who make being in business a lot more fun and less lonely.
Jeannine Sandstrom,
CEO CoachWorks International, Inc.
http://www.coachworks.com
 
The Sales CompanyI now have a place to be open about my business success and future challenges.
Debbie Mrazek, CEO The Sales Company
Author The Field Guide to Sales
http://www.the-sales-company.com
 

Posts Tagged ‘author’

Written by Gerry Myers, CEO and President of Advisory Link

Connecting to the female consumer is not easy, because there is no one magical way to target women. They are a diverse group, and in many ways it is harder to reach them than their male counterparts. If you have designed marketing plans designed to attract women consumers that have been unsuccessful, you need to try something new.

Women tend to be very family oriented. Programs and events that include kids or the whole family are important to them. However, because mothers are usually juggling several things at once, they have very little time for themselves. Getting away for just "me" is something all women want at one time or another, but they have to have a good reason to fit it into their busy schedules without feeling guilty.

Spend time brainstorming with some of your key customers and get some fresh new ideas that would re-energize both your employees and customers. In the meantime, here are some ideas to get you started.

Events and Giveaways With a Twist

To set yourself apart, look at what would compliment and appeal to your specific customers. For instance, if you are a fitness facility, perhaps you can have a chef demonstrate healthy, quick, but tasty dishes and provide recipes. Women always love chocolate. You could have an event that not only has decadent chocolate treats, but someone to discuss the health benefits as well.

A mall’s success depends on traffic and sales. You can create events with local pro sports team’s wives to do a fashion show in the mall court area, with outfits and accessories from various stores. They can be paid half their fee in cash and half in “mall currency”—a way to entice the celebrity models to return and shop at the mall. And, there are four seasons with different sports for a total year-round program. An added bonus is that many of the models famous husbands and children will attend the events. The crowd will love having the local sports personalities in the audience.

If your business is a home furnishings or home improvements store, perhaps giving away a shopping spree at The Container Store, a closet makeover that includes built-ins, or other organizational items would be of interest to your targeted customers. Additionally, you can have a contest or drawing for a year’s free housekeeping services.

If you are a car dealership, your twist might be to bring women into the facility for things other than automotive-related sales or educational events. While programs like a car-care clinic and classes on buying versus leasing are good, they are common and won’t differentiate you from the competition. To do that, you might consider having a local or well-know artist, author, or journalist speak on a topic of interest to women. If you are a luxury brand, you might want to do a joint event with an expensive jeweler. By partnering, you lessen your financial investment and increase your invitee list..

If you are looking for different door prizes, consider a car service that would transport the kids to baseball practices or orthodontic appointments.

Many organizations focus on women’s trips, some to beautiful spas, others to more adventurous destinations. Perhaps giving that kind of a trip away, rather than the standard couple trip, would strike an accord with some of your female customers. Pampering is always appreciated. Anything that makes her life easier or reduces stress will be appealing.

If you are spending a lot of time and dollars, make sure your event is distinctive or a signature event people will associate with you. For instance, when I was handling PR for the Town of Addison, we created its first fireworks display for Independence Day. The twist we initiated was Addison held a Fourth on the Third celebration rather than compete with well-established shows in our area. Today, 20 years later, the fireworks are still done on July 3 and have one of the largest turnouts in the country. Addison achieved its goal of bringing people to the community to have fun and spend money with its merchants.

Lastly, have fun. If you do, your employee’s and customers will have fun as well and want to be associated and do business with you.

Gerry Myers is CEO, president and co-founder of Advisory Link. Myers is also the former owner and president of the Myers Group, which she founded in 1980. For nearly 15 years, from the early nineties until 2005, the Myers Group specialized in marketing and selling more effectively to the female consumer, as well as helping corporations recruit and retain more women employees. Myers, a pioneer in the women’s market and the first author to publish a book on the subject in 1994, was instrumental in creating awareness, training programs, keynote speeches and consulting services that helped nationally and internationally companies, including many in the automotive and financial arenas. Learn more about Gerry and Advisory Link at www.advisorylink-dfw.com

Written by Gary Cokins

Is your budget obsolete in two months? The traditional corporate budget process focuses on what managers are allowed to spend to accomplish their goals and not what resources they require. Budget plans can be costly to prepare, starve departments that have valid needs, incorporate last year’s inefficiencies and fail to identify waste and respond to a business’ strategic objectives. However, companies can develop more realistic, dynamic budgets based on predictive planning. One way to do this is to use activity-based costing (ABC)—basing company plans on fluctuating needs related to demand rather than on historical data.

Here are some budgeting tips to keep in mind that incorporate ABC principles.

  • Don’t limit yourself to the current situation defined by predetermined spending limits. Begin the budget equation with the outcomes you expect—profit, for example—measured against customer and management demands that vary in mix and volume over time. Don’t let your budget stay frozen; revisit it as needed in response to marketplace conditions.
  • Budget management and cost management are not synonymous, so don’t confuse them. Formulate budget strategies according to two questions: What should we be doing, and how should we do it?
  • Then inject costs into the equation. Using activity-based-cost estimating helps you relate what-if scenarios over time to the overall impact of expenses on the organization. For example, are you going to open a new warehouse? To estimate the level of spending required in the future, you should match future capacity (what’s currently available vs. what’s required) with estimated needs (forecasted customer demand).
  • Activity-based-cost management is not a replacement for general ledger accounting. But if your general ledger software does not convert spending into useful managerial information, use an ABC model—based on resources, work activities, process costs and final cost objects—to reflect market, product, service-line, channel and customer-oriented decisions.
  • No one knows in advance how simple or complex a company’s first ABC model needs to be. Many make the mistake with their initial ABC system of plugging in too many details before learning how to apply the data or what the accuracy requirements are. Instead, improve the usefulness of the results by understanding that such predictive planning depends on constructing a cost-assignment network that traces how outcomes—such as products or orders—consume resource expenses with a cause-and-effect relationship.
  • Organizations always want to understand where they make and lose money. To get a better picture of this, design budgets that do not inhibit managers’ flexibility to meet objectives. Develop plans that are feasible, determine what specific resources are needed to execute them, then compare the plans’ projected results with current performance to manage profit margins.
  • Successfully implementing ABC depends to a large degree on managing organizational behavior. Avoid resistance from employees and managers that can jeopardize the acceptance of the new methodology or technology by following these rules:
  • Use a rapid prototyping pilot program to quickly implement a summarized ABC model. Don’t necessarily start with your most technologically sophisticated employees; this will stigmatize the project by making it look like it’s for tech gurus only.
  • Get the support of an executive sponsor and find a champion to create interest in ownership of the information and its uses.
  • Make sure there are end-users who really need the data—design the system with the ends in mind.
  • Don’t be afraid to combine art, craft and science in constructing your ABC model. One that is successfully prototyped can quickly be redone with more detail and accuracy so users readily begin to see how the ABC data relate to the problems they are trying to solve. ABC models can provide valuable insights within weeks that aren’t visible from traditional data

Gary Cokins is the author of Activity-Based Cost Management—An Executive’s Guide

I won’t pretend to know more about FaceBook.com than I do, but I will share with you that I am in awe of what Mark has done with it. In just two weeks, he has added a bunch of wonderful “friends” such as Sir Richard Branson (yes, that one), John Assaraf, Mark Victor Hanson, Jim Cramer (star of Mad Money), and Pat O’Bryan (author of Your Portable Empire).

At first, he would walk into my office and announce, “I have five more new friends.” And then, “So and so just accepted me as a friend.” Then he said, “There’s a limit of 5,000 friends so Mark Cuban is letting people know how he’s going to decide who those 5,000 will be.” But what got my attention was when he walked in and said, “Sir Richard Branson just accepted me as a friend.” That’s when I finally said, “How do you do all of this?”

Part of the power of FaceBook.com is a plug-in called More Friends. The plug-in is available right on the site. You just load it and all of a sudden you get suggestions of friends that are friends of your current friends you might want to invite to join your FaceBook. It’s like an accelerated ripple effect.

Try it out and see what you think!

Why do I love to share freebies with you? I don’t know, I just really get a big kick out of it. I hope you enjoy them too! Just remember, I won’t pass along anything I don’t think is a great value and opportunity – there’s plenty of ‘free’ stuff out there; the trick is finding something free and valuable!

If you’ve been thinking of writing a book or anything remotely resembling a book, this is something you will definitely want to check out! Our book, and the books of many of our clients, have been greatly helped by Gail Richards and Jan King’s assistance. If a book is in your future, you will want to know these publishing gurus!

Gail Richards, a creative whiz and veteran in all things publishing and the founder of Authorsmart.com, and Jan King, former publisher, author of numerous business books and founder of eWomenPublishing, invite you to participate in their 11-Week course FREE just because you are in our inner circle!

For more information go here, and click here to register. Use Discount Code FREEFUEL.

Why do I love to share freebies with you? I don’t know, I just really get a big kick out of it. I hope you enjoy them too! Just remember, I won’t pass along anything I don’t think is a great value and opportunity – there’s plenty of ‘free’ stuff out there; the trick is finding something free and valuable!

If you’ve been thinking of writing a book or anything remotely resembling a book, this is something you will definitely want to check out! Our book, and the books of many of our clients, have been greatly helped by Gail Richards and Jan King’s assistance. If a book is in your future, you will want to know these publishing gurus!

Gail Richards, a creative whiz and veteran in all things publishing and the founder of Authorsmart.com, and Jan King, former publisher, author of numerous business books and founder of eWomenPublishing, invite you to participate in their 11-Week course FREE just because you are in our inner circle!

For more information go here, and click here to register. Use Discount Code FREEFUEL.