April 20, 2024

You’re the Boss Blog: Coming to Terms with Being the Boss

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An insider’s guide to small-business marketing.

Every November, as we start winding down another year and reflecting on what we accomplished, what worked, what didn’t and what we should be planning, I yearn for some time and space to really have some good, deep thought about where we are going and how to get there. I also yearn to reconnect with that girl on fire who started my ad agency 17 years ago.

I started this business with a passion for my field — but, like a few other other small-business owners I’ve met, with little knowledge of how to actually run a business. Along the way I learned some things about management and leadership, but it was the creative juice that kept me, and the agency, humming.

And yet, the skills that worked in starting the a company were not the ones I needed to sustain and build it. The more we grew, the more my role evolved into operations, and the less I was in touch with what fed my soul. Weighty human resources decisions replaced font choices and creative copy writing. I kept plugging away in a role that still feels like a shirt with too tight a collar and cuffs — a boxy yet essential operations role. It was working, the agency was growing. But I felt like I was running on fumes.

Especially during the recession, those tough H.R. decisions — including an employee termination that I really wrestled with — took my soul to the edge of self-loathing. My passion for the business was waning. More and more, it felt like a prison from which I had no exit plan. Two years ago, I decided to take a minisabbatical to try to rediscover my mojo and do some things in my personal life that I’d been putting off.

My plans for the sabbatical were both small and big. I wanted to learn how to make the world’s best enchiladas from the cooks in the tiny kitchen at Lala’s Café in Mirando City, Tex. I wanted to take a spirituality course. I wanted to drive to Aspen, Colo., to relive my post-college days of skiing without responsibility. I wanted to make cement yard art. O.K., it was my compressed version of “Eat, Pray, Love.”

Week One: I fixed things like broken screen doors and burned some water-sucking cedar at our place in the country, which is always cathartic and offers the instant gratification of seeing a pile disappear (something that never seems to happen to the piles on my desk). But on a larger level, I was totally unprepared for the loss of purpose I experienced. My identity was so tightly interwoven with being a business owner, that I went into free fall when the tethers loosened.

It was such an uncomfortable feeling. I tried to shake it off and revel in the moment. But the staff at the agency did not miss a beat without me, it seemed, and I found myself wondering, “What is my value proposition?” I found excuses to call the office, only to be met with, “Why are you calling?”

Week Two: I caught up with all of my long-put-off doctor appointments, and I met my goal of seeing all of the movies that have been nominated for Best Picture. I bought stacks of interesting books that just smirked at me, as if they knew I wasn’t going to read more than their covers.

Week Three: I pulled the trigger on a 2,000-mile, “Thelma and Louise” road trip (but nobody died) to Colorado with my friend Gigi. The key to a successful sabbatical, I learned, is not to try doing it at home. You have to get out and change the scenery, or else you will shuffle through the day wondering what is going on at work.

But nothing’s foolproof. Relaxing in the mountains, I came across a newspaper ad that was a request for proposals for advertising services for Aspen’s tourism bureau. I was on the phone to people in the office in minutes, breathless, instructing them to overnight an agency book so I could drop it by the office. Redemption! Suddenly, I was doing something that wasn’t totally self-indulgent and frivolous. As it happened, we did make the cut to the final four, and we were back a month later to present.

In Colorado, I re-learned an important lesson — sometimes the more you try to control, the less you control. There is room to be both responsible and adventurous, like when that guy passed me a rolled joint at the bar. The good girl soccer mom felt like she was back in college. The joint still sits in a box on my bathroom counter. “I can go there if I want to,” I tell myself.

I returned to work pleased with my role as captain of the agency’s ship. I also felt very fortunate that I get to choose the people with whom I spend most of my waking hours. And I gave myself permission to bring all of me to work — not just the business owner from central casting. I’ve learned that I need the daily oxygen of nonstructured times. Of course, that’s hard to do as head of a business. Creativity is great but not when you’re working in spreadsheets. I still wrestle with the push and pull of the two sides of the brain.

The recession and the endless post recession have meant that my financial management has evolved from checking the bank account balance monthly to managing cash flow weekly, delving into spreadsheets and projections with newly critical eyes. That kind of analysis is not creative, but I’ve grown to appreciate the linear, black-and-white, just-the-facts, quality of storytelling it offers. Two years later, I’m committed to seeking balance on a frequent basis and to resisting the whack-a-mole approach to management that can leave you unfocused and reactive.

But I’ve also come to terms with who I am — I am the owner.

MP Mueller is the founder of Door Number 3, a boutique advertising agency in Austin, Tex. Follow Door Number 3 on Facebook.

Article source: http://feeds.nytimes.com/click.phdo?i=7fb8e02ac203e94fdbfe7ee6012f0946

You’re the Boss: The Surprising Power of Promotional Products

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An insider’s guide to small-business marketing.

When my grandparents moved into a retirement center, I helped with the garage sale. My cousin Claire and I were joking about how best to display the odds and ends from their 60 years together when I stumbled upon a gift from the gods of high kitsch. It was a letter opener, but this was not your typical letter opener.

In the clear acrylic handle floated a mini uterus with two pills strategically placed where ovaries normally reside, alongside the drug’s name, Hormonin. This promotional product was a gift from a drug company representative to my granddad, a doctor in Laredo, Tex. I tried to imagine how this token must have been received by the taciturn Dr. Puig. “Thanks Hal, I’ll put this next to my collection of kidney stones.” Or, “Do you have that on a T-shirt in an extra large?” Highly doubtful. He probably focused on its utility and kept it right there on his desktop. Which is probably what the drug company’s marketing department was counting on.

Promotional products are, some say, the oldest form of advertising. American businesses spend $20 billion a year giving away stuff with logos, according to Jerry McLaughlin, president of Branders, one of the largest sellers of promotional products online. Which is pretty good evidence that it works. Mr. McLaughlin credits the effectiveness of promotional products to centuries old cultural norms around the rule of reciprocity. “If you give something, the recipient is honor bound to give something back,” he said. “In every language and culture, research has found there are really pejorative words for people who get and don’t give back. We humans are hard wired to respond if we get something.”

Are we really that easy? When you get that survey in the mail with a crisp dollar bill attached, do you fill the survey out or pocket the money and relegate the envelope’s contents to the circular file? I visited with Dr. Robert Cialdini, professor emeritus of psychology and marketing at Arizona State University. Dr. Cialdini, who has written a book on the topic, “Influence: The Psychology of Persuasion,” became interested in studying the rule of reciprocity out of self-defense. “All my life I’ve been a sucker,” he said.

Dr. Cialdini observed Hare Krishna Society members in airports, watching them foist paper flowers upon travelers. As soon as travelers accepted the flowers, they became more likely to reach into their pocketbooks and reciprocate with a donation. Sociologists and anthropologists have found, he said, that there is not a single society in the world that doesn’t train its people from childhood to this rule. “Marketers take advantage of this all the time,” he said. “Tupperware parties — one of the things that happen very early on — they play games so every one at the party wins a prize from the Tupperware representative. And they feel very obligated to give something back in return.”

A well-known veterans’ nonprofit group, the Disabled American Veterans, is a case in point. When the group sends a mailing for contributions, Dr. Cialdini said, it gets an 18-percent response rate. When the same letter is sent with personalized address labels, which cost about eight cents, the response rate goes up to 35 percent. “For the cost of the address labels they get almost a doubling of return,” he said. “It’s very powerful rule and very small things can trigger it.”

How do companies find the right promotional item? Here are four suggestions:

• Give items that members of your target audience will use in the environment where they make decisions about using your product or service. If you go after executives in corporations, give them something they will use in their offices, around their desktop so your company can be top of mind when they make decisions. Golf-related items are exceptions because lots of business happens on the golf course.

• Have it underscore your marketing message and differentiate your company. Mr. McLaughlin recounts a computer software client who makes antivirus software. The client put its logo on boxes of condoms and sent them to information technology types with the message, “Protect yourself, protect your computers.” Results? “Most I.T. people are male,” said Mr. McLaughlin, “and don’t really have girlfriends so that’s particularly titillating. They believe they got pretty good results.” A bit edgy for most companies, but you get the idea.

•Personalize them. While we are fond of our company logos, customers really like to use items that have their names on them. “People like seeing their own name above all else, said Mike Linderman, president of Express Pens, and former chairman of the Promotional Products Association International. His company makes pens in small quantities that can be imprinted with both your company’s logo and your client’s name.

• Skip the logoed water bottles and other items that will be quickly used and tossed. Make your promotional products investment something that will have a shelf life.

Some of the most popular promotional items these days are thumb drives, aluminum sports bottles, reusable grocery bags, and anything green or American made. But will this stuff really replace the calendars with alluring young women? “I don’t know who the folks were who figured out that men would look at pretty girls and if you put your tools, software or cars next to it, they will look at it. I don’t think that trend is going away,” Mr. McLaughin said.

Did receiving the uterus-enhanced letter opener prompt my granddad to write more Hormonin scripts for menopausal patients? Can’t say, but this promotional product made it 40 years without seeing a trash bin. And it’s now in a prominent place on my desk, right next to a Charlie the Tuna desk lamp.

MP Mueller is the founder of Door Number 3, a boutique advertising agency in Austin, Tex. Follow Door Number 3 on Facebook.

Article source: http://feeds.nytimes.com/click.phdo?i=0fc1ca5a0fee2156ec63d06d9896836d