Lead Generation for Service Based Business Owners

As a small to medium sized business owner in the service industry, generating leads is one of the most important aspects of growing your business. But with so many different marketing strategies and tactics out there, it can be overwhelming to know where to start. That’s why we’ve put together this guide to help you generate leads today using tactics that are working in 2023.

 

            1. Use Social Media to Your Advantage

Social media is one of the most powerful tools for generating leads today. With billions of active users across multiple platforms, it’s an excellent way to reach new audiences and connect with potential customers.

 

  • The first step is to identify which platforms your target audience is most active on. For example, if you’re targeting younger consumers, platforms like Instagram and TikTok may be the most effective. If you’re targeting professionals, LinkedIn may be a better choice.
  • Once you’ve identified your target platforms, start creating content that resonates with your audience. This could include educational blog posts, informative videos, or engaging social media posts that showcase your services.  Make sure to include calls-to-action (CTAs) in your content that encourage people to learn more about your business or schedule a consultation.
  • Focus on getting engagement on your social media posts. Use your content as a targeted topic conversation starter to attract your ideal clients to want to share a comment.

For example, as a business growth coach my target market are established business owners, Founders, CEO’s Presidents of service based businesses typically generating $300K/year to $30 Million a year in sales revenue. My clients are mostly using LinkedIn, so that’s where I focus my lead generation.

 

 

Here is an example of one of my LinkedIn posts:

 

 

 

 

Once they like your post and/or share a comment your future posts will now get throttled out to their LinkedIn feed, so every time you post again on LinkedIn you get to stay top of mind to your growing network of LinkedIn connections.

 

BONUS TIP: You want to respond to the people who took the time to share a comment AND if they are your target market or a potential referral partner I would also send everyone who commented on your post a request to connect on LinkedIn, so that you grow your 1st degree connection network.

 

 

            2. Create Valuable Content

 

Creating valuable content is an effective way to generate leads. Content marketing is all about creating and sharing content that is relevant and valuable to your target audience. Here are some tips to help you get started with content marketing:

 

  • Identify your target audience: To create content that resonates with your audience, you need to know who they are. Identify your target audience and create content that addresses their pain points, challenges, and interests.
  • Use a variety of formats: Content can take many forms, including blog posts, videos, infographics, and social media posts. Use a variety of formats to keep your content fresh and engaging.
  • Optimize your content for search engines: Make sure your content is optimized for search engines by using relevant keywords, meta tags, and descriptions. This will help your content rank higher in search engine results pages, making it more visible to potential leads.

Today, when it comes to lead generation – quality content is the new currency to attracting your ideal target market. In my experience working with SMB Owners however, I find most entrepreneurs get stuck on content ideas, or they don’t feel like they’re a good writer, or simply they don’t have the bandwidth to turn their knowledge and expertise into content.

 

If that’s you, the easiest solution could be to outsource your content creation, so you don’t need to add that project on your plate. Because this was a common barrier that held back many of my business coaching clients from executing their marketing, we started offering a la cart done-FOR-you marketing services.

 

RENT OUR MARKETING TEAM. Read more here:  

 

https://www.paramountbusinesscoach.com/membership/rent-our-marketing-team/

 

            3. Use Email Marketing

Email marketing is a tried and tested way to generate leads. It is a cost-effective way to reach a large audience and can be personalized to target specific segments of your audience. Here are some tips to help you get started with email marketing:

 

  • Build your email list: The first step in email marketing is to build your email list. You can do this by offering a lead magnet such as a free e-book or webinar in exchange for an email address.
  • Personalize your emails: Personalized emails have a higher open rate and click-through rate than generic emails. Use segmentation to send targeted emails to specific segments of your email list.
  • Provide value: Make sure your emails provide value to your subscribers. This can include exclusive content, promotional offers, or helpful tips.
 

            4. Attend Networking Events

Networking events are a great way to meet potential leads in person. Whether it’s a trade show, conference, or industry event, attending networking events can help you generate leads and build relationships. Here are some tips to help you get the most out of networking events:

 

  • Be prepared: Before attending a networking event, research the attendees and prepare your elevator pitch. This will help you make a good impression and start conversations with potential leads.
  • Collect contact information: Make sure you collect contact information from the people you meet. This can include business cards or email addresses.
  • Follow up: After the event, follow up with the people you met. This can include sending a personalized email or connecting on LinkedIn.

RELATED ARTICLE: Top 3 Business Networking Mistakes. Read here:

https://www.paramountbusinesscoach.com/blog/top-3-business-networking-mistakes/ 

 

 

 

             5. Leverage the Power of Video

Video is quickly becoming the most popular type of content online, and for good reason. It’s highly engaging and can be used to showcase your services in a way that’s more compelling than text or images alone.

 

  • Start by creating videos that highlight your services or demonstrate how they work. For example, if you’re a massage therapist, you could create a video that shows the benefits of different types of massages or techniques you use.
  • Once you’ve created your videos, share them on your website, social media channels, and YouTube.
  • You can also use paid advertising on platforms like YouTube to reach a wider audience.

Here’s an example of one of my videos I published on YouTube. I simply invited 3 other SMB Owners to have a discussion where we share how we each sold our businesses to help other business owners who are thinking of selling their businesses.

 

 

Once I published it on YouTube, I also published it on our blog and on LinkedIn.

 

     

 

           6. Invest in Search Engine Optimization (SEO)

 

Search engine optimization (SEO) is the process of optimizing your website to rank higher in search engine results pages (SERPs). This is important because the higher you rank, the more visible your business will be to potential customers.

 

  • Start by identifying the keywords and phrases that people are using to search for services like yours.
  • Then, optimize your website’s content and structure to include these keywords in strategic places, such as the page title, headings, and meta descriptions.
  • You can also improve your website’s SEO by building backlinks from other reputable websites. This could include guest posting on other blogs, creating shareable infographics, or getting listed on local business directories.

WATCH MY FREE 23 MINUTE TRAINING ON SEO / DIGITAL MARKETING 101 

 

 

Here:https://www.paramountbusinesscoach.com/marketing-mini-class-grow/

 

 

       7. Offer Free Resources or Consultations

 

One of the most effective ways to generate leads today is by offering free resources or consultations. This could include a free cheat sheet, a free consultation, or a free trial of your services.

 

By offering something of value for free, you can attract potential customers who are interested in your services but may not be ready to make a purchase yet. This also gives you the opportunity to showcase your expertise and build trust with your audience.

 

Make sure to include clear CTAs in your free resources that encourage people to take the next step, whether that’s scheduling a consultation or signing up for your newsletter.

 


For example, I offer 3 different free downloads on my website

 

 

 

 

You can see each of the opt in pages here:

 

 

HOW TO START A BUSINESS ~ FREE CHECKLIST

MARKETING CHECKLIST FOR SERVICE BASED BUSINESS OWNERS

HIRING CHECKLIST FOR SMALL BUSINESS EMPLOYERS

 

         8. Deliver Webinars to Generate Leads

 

Webinars are a powerful tool for generating leads and building brand awareness. A webinar is essentially an online seminar that can be presented in real-time or pre-recorded and streamed later. They are an effective way to educate prospects, establish authority, and convert leads into customers.

 

Here are some of the benefits of doing a webinar to generate leads:

  • Cost-effective: Compared to traditional marketing methods, webinars are a cost-effective way to generate leads. They require minimal resources and can be conducted with just a few tools, such as a webcam, microphone, and internet connection.
  • Increased engagement: Webinars allow you to interact with your audience in real-time, creating a more engaging experience. You can use polls, Q&A sessions, and live chat to keep your audience engaged and increase their participation.
  • Demonstrates expertise: Hosting a webinar allows you to showcase your knowledge and expertise in your field. By providing valuable information to your audience, you can establish yourself as an authority in your industry, which can help to build trust and credibility.
  • Builds relationships: Webinars provide an opportunity to build relationships with your audience by providing a platform for two-way communication. This can lead to increased loyalty and repeat business.

Getting started with a webinar is relatively easy. Here are the steps to follow:

 

  • Choose a topic: The first step is to choose a topic that is relevant to your audience and aligns with your business goals. The topic should be focused and specific enough to attract the right audience.
  • Set a date and time: Once you have chosen your topic, set a date and time that works for your target audience. Consider time zones, work schedules, and other factors that may impact attendance.
  • Create the content: Develop a presentation that is informative, engaging, and visually appealing. Use slides, images, and videos to make your presentation more interesting.
  • Promote your webinar: Use social media, email marketing, and other channels to promote your webinar and build buzz. Encourage people to register in advance to ensure maximum attendance.
  • Host the webinar: On the day of the webinar, make sure you have all the necessary equipment and technology to deliver a seamless presentation. Engage with your audience, answer their questions, and provide valuable information.

Webinars are an effective way to generate leads and build relationships with your audience. By following these simple steps, you can get started with your own webinar and start reaping the benefits.

 

 

Here is an example of one of my webinars on

HOW TO GENERATE MORE LEADS FOR YOUR BUSINESS 

 

When you go to this webinar registration page you can see exactly what attendees can expect to learn:

  https://www.paramountbusinesscoach.com/How-to-Get-More-Leads-for-Your-Business-in-2023/ 

 

 

 

 

 

       9. Pre-Qualify Your Lead Generation

 

Pre-qualifying leads is an essential part of any successful sales strategy. Pre-qualification is the process of identifying and evaluating potential customers before initiating the sales process.

 

This allows you and/or your sales teams to prioritize leads based on their likelihood to convert, thus saving time, resources, and effort. Here are some reasons why pre-qualifying your leads is important:

  • Saves time and resources: Pre-qualifying leads helps to prioritize the most promising prospects and reduces the time spent on unqualified leads. This allows sales teams to focus on high-value prospects and allocate their resources more effectively.
  • Improves conversion rates: By pre-qualifying leads, sales teams can identify prospects who are more likely to convert into customers. This allows them to tailor their approach and messaging to the specific needs and interests of each prospect, improving the chances of closing the deal.
  • Reduces customer acquisition costs: Pre-qualifying leads can help to reduce customer acquisition costs by focusing efforts on the most promising prospects. This can help to improve the return on investment for marketing and sales activities.
  • Enhances customer experience: By pre-qualifying leads, sales teams can better understand their needs, pain points, and goals. This allows them to tailor their approach and provide a more personalized customer experience, which can lead to higher customer satisfaction and loyalty.

There are several ways to pre-qualify leads, including:

 

  • Lead scoring: This is a method of assigning a numerical value to each lead based on their characteristics and behavior. Leads are scored based on factors such as demographics, industry, budget, engagement level, and readiness to buy.
  • Qualifying questions: These are questions designed to gather information about a lead’s needs, challenges, and budget. The answers to these questions can help to determine whether a lead is a good fit for your product or service.
  • Sales development representatives (SDRs): SDRs are responsible for qualifying leads and setting appointments for sales teams. They can use a combination of lead scoring, qualifying questions, and research to pre-qualify leads and identify high-value prospects.

Pre-qualifying leads is an important step in any successful sales strategy. By identifying and evaluating potential customers before initiating the sales process, sales teams can prioritize their efforts, improve conversion rates, reduce costs, and enhance the customer experience.

Here is an example of how I pre-qualify my leads:

 

Business owners who are interested to learn more about working with me ~ whether they’re

  • looking for a business coach,
  • a peer Mastermind Group or whether they’re looking to
  • outsource their marketing …

the calendar booking page I send them to is here:

https://www.paramountbusinesscoach.com/coaching/coaching-call-sign-up/ 

You’ll see before they can book a time slot, I tell them ahead of time, some basic pre-qualification filters:

 

 

 

 

Generating leads is a crucial part of any successful marketing and sales strategy. To summarize in this article we covered nine ways to generate leads:

 

           1. Social media marketing

           2. Content marketing

           3. Email marketing

           4. Attending networking events

           5. Leveraging the power of video

           6. SEO

           7. Offer FREE resources (aka ‘lead magnets’)

           8. Deliver webinars

           9. Pre-qualify your leads.

 

Generating leads requires a combination of tactics that can be tailored to your business goals and target audience. By leveraging a mix of content marketing, email marketing, social media marketing, paid advertising, referral marketing, events, webinars, SEO, and lead magnets, you can attract potential customers, build relationships, and move them closer to a sale.

 


QUESTION: Which of these 9 lead generation tactics are working the best for you in your business? Which of these do you need help with? Please share your comments or questions here

 

Hiring a Fractional Chief Strategy Officer in a Non-Profit Organization: What Are the Benefits?

Canada has approximately 86,000 registered non-profit organizations with different missions and programs to fulfill. To remain competitive and attract donors, volunteers, and staff members, these organizations should constantly look for new and innovative ways to push forward their mission. An experienced strategist can bring fresh perspectives to your non-profit organization to help you create revenue growth strategies, pioneer sales development and even drive digital transformation. 

Dedicating the funds necessary to hire a full-time Chief Strategy Officer (CSO) can take time, money and effort. Fortunately, leveraging a fractional CSO can be the perfect solution, offering all the benefits of hiring an expert without over-committing your resources.

Read on to discover how a fractional CSO can take your organization’s strategic initiatives and potential for impact to the next level.

What is a fractional CSO?

A fractional CSO is a flexible strategy partner who provides part-time C-suite leadership to an organization. Fractional executives can help when a company’s growth exceeds its leadership team’s capabilities.

They oversee strategic planning and management within the organization, assisting the CEO with strategy development and execution and ensuring the implementation of the strategy. The main reason why many companies prefer working with a fractional CSO is they bring the skills and perspective of an experienced c-level leader without the expense of a full-time employee.

Why do nonprofits need a fractional CSO?

Nonprofit organizations don’t need fractional CSOs just because they have limited resources. Here are some benefits that a fractional CSO can bring to an organization:

Explores better ways to approach beneficiaries

A fractional CSO can provide valuable insights on how to reach out to beneficiaries and maximize your programs’ impact. The expert can help you develop strategies tailored to each beneficiary’s needs and suggest the most effective outreach methods. In addition, they can determine the best approaches by analyzing data, researching past case studies, and using their experience and insights from similar nonprofits.

The CSO can also provide feedback on existing methods for beneficiary outreach, assess any gaps or weaknesses, and provide strategic recommendations for improvement. They can also help you explore new technologies, trends, and campaigns that can reach more people, such as digital marketing techniques.

Deals with your organization’s urgent strategic needs

A fractional CSO can provide a fresh perspective on your organization’s strategic needs and create tactical plans for addressing them. As a strategic partner, they can help your organization navigate rapid changes in the industry.

A fractional CSO will assist the executive team in assessing the organization’s current needs and resources, analyzing data sets, and leveraging industry trends. In addition, they can offer informed advice on how your organization should best approach urgent strategic needs. For instance, if you’re looking to diversify your revenue streams or approach specific markets, the fractional CSO can provide valuable insights on how to go about it.

The CSO’s expertise will help your organization focus on the big picture while considering immediate demands. In addition, they can periodically review the progress of your projects over time to ensure the timely completion of goals set by your non-profit organization.

Focuses on program planning and strategy development

With the help of a fractional CSO, your nonprofit can strategize for development and growth. They have immense knowledge of resource management, budgeting, process improvement, and team structuring. This knowledge places them in a better position to help your organization maximize its impact while managing costs.

The fractional CSO can also help you develop organizational goals, strategic plans, and performance metrics tailored to your nonprofit’s mission. For instance, the CSO can assist you in creating a comprehensive program plan that covers the necessary activities and timelines for successful execution. In addition, they will guide you on which strategies are suitable for your organization and the resources you need to implement those strategies.

Offers cost-effective strategies tailored to mission and goals

A fractional CSO can help you develop cost-effective strategies tailored to your nonprofit’s mission. They know how to allocate resources for maximum impact best and can help you create a budget that meets your organization’s goals.

The fractional CSO’s expertise also allows them to guide you on where you can cut costs while maintaining quality services. For example, they can suggest ways to reduce operational costs, such as working with vendors that offer discounted rates or leveraging the help of virtual assistants. Or, if you’re looking to outsource specific tasks, the CSO can advise on which services and contractors are most cost-effective.

3 Key Disciplines to Growing Your Business

What are you focusing on this week to grow your business?

As entrepreneurs, there is no boss telling you to show up to work and no boss to guide you on where you need to improve your game. 

As the Business Owner / Founder / President / CEO / Chief Everything Officer …

👉🏻it’s UP TO YOU to decide what strategy you will execute next to help you achieve your goals. 

👉🏻it’s UP TO YOU to be intentional about WHO you surround yourself with who can inspire you, challenge you, motivate and encourage you, and sometimes give you a swift kick in the rear. 

👉🏻 It’s ultimately UP TO YOU to be intentional about your business to growth:


In my 30 years+ of being an entrepreneur and 17 years of helping other entrepreneurs here are 3 disciplines I have found successful Business Owners have in common that you can apply to your business.

Grow your business_Better Things Come for Those Who Work for It.

 

DISCIPLINE #1: PAY ATTENTION TO YOUR DAILY/WEEKLY KPIs

If you don’t know what KPI means 🥴(that’s an indicator you’re not measuring or tracking) 

Sales is a numbers game. Whether it’s marketing your business, sales conversations, or interviewing for the right hire, you can’t give up after a few efforts didn’t work. 

Remember failure is an opportunity to try again smarter. Growth happens from

1️⃣ taking FAST action

2️⃣ assessing & getting expert feedback 

3️⃣ course correcting and 

4️⃣ measuring/tracking…. Rinse and repeat

DISCIPLINE #2: NEVER STOP TRAINING.

Athletes will practice taking 50+ shots – over and over and over again. Even if you’re a seasoned entrepreneur for 20+ years, there are always new tactics, new strategies to learn, and old tactics to continue honing.

DISCIPLINE #3: NURTURE YOUR PERSONAL GROWTH.

Your business will only be able to grow as much as you grow. How often are you taking inventory of your personal leadership strengths?

Who are your trusted advisors, coaches, and peer entrepreneurs who observe and offer you feedback, support, and CHALLENGE YOU to GROW?

Try this exercise right now …

💡 What’s the first idea that pops into your mind when you read these three questions?

💡 Share your idea in the COMMENTS below to help you make that commitment to yourself … and to your business. 

1- What is one specific action you will execute consistently in the next 30 days?


2- What is one new skill you want to learn and how to improve to help you grow your business?


3- What is one personality trait you want to become stronger at this year to make you better at your business?

 

Yoon Cannon

Secrets to Successful Marketing Strategy Execution for Small Business Owners

Small business owners often struggle to find the best marketing strategy that fits their budget. Here is a look at some of the greatest tips for getting the most bang from your marketing budgeting.

 

Whether you’re a B2B, B2C or expert firm, you’ll walk away with enough secrets to successful marketing to add new leads and find loyal customers.

How Do You Successfully Market a Small Business?

Small and medium enterprises in the United States spend marketing dollars directly based on a business owner’s decisions. Smaller businesses might find it wiser to focus on local clients first. According to Statista, companies spend around $173.3 million per year on local advertising. They split the rest between TV, radio, digital and events.

 

Successful marketing strategy execution often starts with an overarching goal. Small business owners find a top-of-mind awareness (TOMA) strategy works well to build brand awareness and develop a loyal customer base. Over time, you’ll gain referrals from your current clients.

 

What are some of the top secrets to successful marketing campaigns? Here are our top suggestions for small business owners.

1. Learn From Your Customers

Get to know your audience and what their needs are. The better you understand your buyers, the easier it will be to meet their needs. You can survey them, pay attention to buying trends and ask what you can do to improve their experience.

 

With your TOMA marketing strategy, you’ll want to take actions such as:

 

  • Call those who buy from you repeatedly and ask why they chose your brand in the first place. 
  • Inquire about how you can help them refer more friends and family. For example, can you offer any materials that would be of help? Reward them when they do refer new customers.
  • Survey your customers after a successful campaign. Find out why they chose to buy and if they have other needs. When you understand their pain points, developing the relationship you need to keep your brand at the top of their thoughts becomes much easier.

 

Pay close attention to any negative comments or complaints. How can you fix the issue for that customer and prevent it on future orders?

2. Use New Technology to Manage Clients

You don’t have to track every little detail of your clients’ needs. Instead, invest in technology that handles customer relationship management. Regular emails from you can keep you at the forefront of their thoughts.

 

  • Try to automate functions such as sending out emails when new products arrive they might be interested in.
  • Send a birthday greeting to let them know you enjoy their business.
  • Offer discounts when sales slow down to clear out old merchandise and make way for new.

 

The happier your clients are, the more you can use their reviews and testimonials in your marketing campaigns.

3. Promote Yourself

Put yourself in the shoes of the average person visiting your site for the first time. If you’re a newer business, they’ve likely not heard of you and don’t know if they should buy. However, they’ll feel more comfortable trying out your product if you stand behind your work.

 

People often have to hear of you several times before remembering the brand name and messaging. How can you promote yourself consistently and frequently for your TOMA approach?

 

  • Create a social media persona matching your brand personality.
  • Post frequently and predictably at the same time of day and on the same weekdays.
  • Enlist the help of others to get your name out there. Ask customers to share your social media posts or forward your newsletter.
  • Pay for ads to get in front of the same people repeatedly.

 

Feature glowing feedback from customers and highlight how much you believe in what you offer. Do you feel your product or service is the best in the industry? Thinking about your unique value proposition and using it in your marketing can help gain new clients’ trust.

4. Send Welcome Emails

You likely already know email marketing can be highly effective at attracting and keeping customers. However, did you know that welcome emails have a 91.43% open rate and offer an opportunity to highlight your brand personality?

 

How can you enhance your brand awareness via emails?

 

  • Stick with brand guidelines, using your logo and brand color palette for instant recognition.
  • Make calls to action (CTAs) look the same as the ones on your website so people know to look for a particular pop of color.
  • Create great subject lines that tell users exactly what they’ll get when they open the email.

 

You can also track how well an email performs by seeing how many opens you get and who clicks through to your offer.

5. Use SMS 

Short message service (SMS) is an excellent way to add personal touches to messages you send. You might use it for customer service issues and to problem solve. There are also many ways to connect with your clients through small positive messages.

 

  • Circulate an offer, discount code or just share news. 
  • Add links to orders or short surveys.
  • Send a happy thought just to let customers know you are thinking of them and care about more than just making a sale. 
  • Thank them for an order or update them on the status of one. 

 

Many businesses have found great success with this marketing strategy. 98% of people will open your message, which is why thousands have used texting to drive customer retention.

6. Set Clear Employee Expectations

As your company’s leader, you must train your employees in the customer service model you want to exude. Make sure everyone understands your expectations and their role in the buyer’s journey.

 

  • Write out what your company policies and philosophies are.
  • Encourage employees to tell others why it’s a great place to work.
  • Feature your top staff members. Put a face to the workers for better brand awareness.

 

At the same time, you don’t want to create an atmosphere where people say, “That’s not in my job description.” Set the example by jumping in and helping when someone feels overwhelmed or has a tight deadline. If your employees see you taking the lead and helping others, they’ll be more likely to embrace the same spirit with their work.

7. Watch Trends

Pay attention to what kids are into and how other businesses in your industry market to their customer bases.

 

When apps like TikTok first arrived on the scene, mainly preteens used it to repeat dances and popular songs. Today, companies worldwide use them to reach new customers via fun marketing videos. 

 

Stay on top of what your competitors are doing.

 

  • Study their social media presence. What kinds of posts do they schedule? How often do they post? Do they use paid ads?
  • Why do people know their name? Do they do a lot of radio interviews? Perhaps they sponsor local groups and have a strong presence in your community.
  • Study their name versus yours. Is their business moniker more memorable or more applicable to the industry? 

 

Take a step back and rethink your brand image. Don’t be afraid to rebrand if necessary or to tweak colors and messaging until you hit what keeps your brand at the forefront.

Why Should You Change Up Your Marketing?

Embracing new trends and paying attention to what works for the competition are the secrets to successful marketing. You may not have time to woo people one-on-one, but you can automate relationship management and invest in social media marketing.

 

If you fail to step up and try new things, you risk growing stale and your customers getting bored with your brand. You only have time and effort to spend. If something doesn’t work, replace it with a new idea.

 

If you choose to focus on a top-of-mind awareness strategy as outlined above, run everything through the filter of how it will impact brand recognition and keep your audience engaged.

 

Which one of these list items would you like to implement today to find your successful marketing strategy?

Eleanor Hecks
Eleanor Hecks is the founder and managing editor of Designerly Magazine. She’s also a web design consultant with a focus on customer experience and user interface. She lives in Philadelphia with her husband and dogs, Bear and Lucy. Connect with her about marketing, design and/or tea on LinkedIn!

Pivoting in Your Business & Winning the Battle of the Mind

~ 3 Seasoned Entrepreneurs Share Their Pivots 

Watch this video if: 

 ▶ you’re struggling through a low point in your business right now or 

 ▶ you’re trying to figure out how to pivot in your business

 ▶ you’re feeling discouraged, and overwhelmed handling all the uncertainties .. you’re not alone. 

You’re in the right place.

I got to sit down with a powerhouse group of three seasoned entrepreneurs who share candidly about what they did to pivot in their businesses. We’re going to go deep into their own battle struggling with discouragement and how they ultimately conquered their head trash.

We’re also going to get tactical with a robust discussion on actionable ideas you can take away to help you gain clarity on when, who, what, when and where you might pivot in your business. 

ROUNDTABLE DISCUSSION QUESTIONS WE DISCUSS: 

1- When did you start your first business and what did your business look like before? 

2- What happened that led to you making a pivot and what does your business look like now?

3- What was the lowest point for you in that journey and what were some of the negative thoughts and emotions you struggled with then?

4- What tactics or strategies did you try that you found was NOT helpful to you in that low season?

5- What decisions/mindset shifts/actions made the greatest impact on you to make a successful pivot in your business?

 

ENGAGE IN THE CONVERSATION WITH US!  Share your comments on any of the questions below. 

1- What is one nugget that encouraged you from this Roundtable Discussion? 

2- What question do you have about pivoting in your business?

3- What is one negative belief you struggled with or conquered?

 

⭐️ ARE YOU A BUSINESS OWNER? … INTERESTED IN JOINING A PEER ADVISORY MASTERMIND GROUP? 

⭐️Learn More Here: https://www.ParamountBusinessCoach.com/MMG

 

ABOUT OUR ENTREPRENEUR ROUNDTABLE PANELISTS:

Stanley Greene is the founder of www.PowerThinkingCorp.com  He offers global resilience training and exercises that give you the knowledge and ability to retrain your brain and increase your effectiveness. His training is based on over 30 years of scientific research. Clients include insurance giant Aflac, media powerhouse Comcast, as well as organizations in China and Japan.

Marvin Epstein is a serial entrepreneur. He is a co-founder of karmainternational.com and partner in BeverlyHillsPublishing.com A co-founder of Karma International- an exclusive private membership organization dedicated to connecting exceptional & inspirational entrepreneurs both socially & professionally. Previously he started I.A.T Capital a business that allowed him to work with fellow entrepreneurs in the areas of finance, media, hospitality, health & wellness as well as the film production company, Pure Media Studio. A Ted Talk speaker, author, and philanthropist he believes in the power of “who you are not what you do” is what makes a difference in the world. His book, Humility Branding published by Beverly Hills Publishing a firm where he is now a managing partner explains why humility is the key characteristic to inspiring greatness in leadership and experiencing happiness. His passion is to work with “character-driven entrepreneurs through the power of unconditional humility and integrity to inspire greatness and make this world a better place”.

 

Jon Keel founded of ImprovedTogether.com in 1997.  He has developed a reputation as a results oriented Business Advisor from having helped almost 1,300 businesses in 85 niches increase their revenue since 1997. Jon also co-developed the Xavier University MBA E-Business program, where he taught Online Marketing and E-Commerce for four years. Since early 2022, he has focused solely on LinkedIn, where he provides a SaaS product that increases post exposure and engagement, teaching, training, coaching and mentoring, including corporate workshops. He frequently speaks to audiences about performance-based marketing. He has written several books and numerous articles. He co-developed the first pay-per-click search engine bid management software and wrote the first book on pay-per-click search engines, “Instant Web Site Traffic.” His most recent book collaboration is “Success Secrets of Entrepreneurs, published in April, 2022.” He currently resides in Dublin, Ohio with his wife of 50 years, Colleen.

 

TRANSCRIPT OF OUR ENTREPRENEUR ROUNDTABLE DISCUSSION 
  • Please note that some words may not have been correctly spelled or transcribed correctly. Time markers listed may also be slightly inaccurate For best accuracy and learning experience please be sure to watch the video version here: https://youtu.be/liOVdJ4IpCA

 

Yoon Cannon (paramountbusinesscoach.com)

so listen, if you’re struggling through a low point in your business right now, or you’re trying to figure out how to have it in your business If you’ve ever felt discouraged, We’re sure doing that right now.

If you might be feeling overwhelmed, handling all of the uncertainties in your business. You are not alone. You are in the right place.

I am young Canon, and I’m really excited to sit down with three very impressive entrepreneurs who have fought through the same battles and they have gone through the journey of pivoting in their business.

They have experienced all of the same common negative thinking or negative emotions, and they have come on the other side, so welcome.

I’m here to talk with Stanley Marvin Epstein and John Keel, so welcome, gentlemen. Yes, absolutely so. just the audience a little bit more about each of you.

I’m just going to kind of stagger the introductions. I’d love to know. you know. I’ve got a bunch of questions they were going to be talking about.

Really, when you first started your business, What did it look like when you first started? What does it look like?

Now we’re going to talk about what happened in your business that you had to decide to make a pivot.

And what was that journey? Like? You know, What did you try That didn’t work? What did you try That ultimately did help you make that pivot and make it successfully so our audience can learn from the collective wisdom of others who we’re going to share with You know today, so I’d love to talk about that And so the first person I want to ask you know, when did you first start your business, What did it

Look like I’ll introduce is Marvin Epstein, Marvin is a serial entrepreneur of Karma International Dot Com and partner in Beverly Hills publishing Dot com.

So he is an excuse. Will Beverly or Karma International, what they do, is an exclusive private membership organization dedicated to connecting exceptional and inspirational entrepreneurs both socially and professionally, So, just to tell you a little bit about Marvin’s background, he started I, Eighty capital.

Actually, that he started eighty capital. A business allowed him to work with fellow entrepreneurs in the areas of finance, media, hospitality, health and wellness, as well as a film production company, Pure Media studio.

I think that’s really cool. I actually had a live performance production company at one time anyway. So Marvin is a Ted talk speaker, author, philanthropist.

He believes in the power of Who you are not, and what you do, who you are and not what you do.

All right. So to take it away, Marvin, talk to us about when did you start your business And what did it look like In the beginning?

 

@07:17Marvin Epstein

Well, first of all, thank you, Unan and John, it’s a pleasure to be on the panel with you. We started Carmen in two thousand and five, two thousand and six, and the focus was I was just coming out of.

I guess you would call it more traditional finance and the hedge fund world, And what I realized in that in that industry, for the most part was more about what you do.

and when I skipped over who you are, I realize there were some pitfalls in knowing some of the character of some of the individuals that I was associated and working with, And I realize because of the way I was wired, and because of what was going to make me successful, I was looking at seeing people that were

To be people, I want to get along with people. I respected people I cared about, and fortunately I met a gentleman Eric Stokes, and he is the original founder of Crime International, And when we started talking about this, it was very clear to me that his focus was more about who you are than what you do.

So it’s more about the character of the person, the reputation of the person, the soul of the person, than it is the project or the deal or the transaction.

And as all of us on camera know is, you know, we’ve all been involved in multiple deals and multiple transactions.

The majority of our success is because of the relationship that we’ve built with the people on the other side.

So the one thing that was really important to me going into the next venture was knowing that these are people I really cared about.

I respected. I wanted to be around in a relationship way and then we could talk about the business side, so we became an event based driven venue in different chapters throughout the country

And the idea was to meet socially, to gather to meet people, and get an idea of who they are.

And you know as I say, what their table matters are, To make sure there’s not a food fight when you get into a business transaction, You know very big success from the standpoint of all these entrepreneurs that are reputation based and people want to be around these people not just because of their success in business, but because of who they are.

 

@09:27Yoon Cannon (paramountbusinesscoach.com)

That message alone, Marvin is really going to help a lot of people just to have that refreshing reminder that if your business is kind of on a low point right now, a lot of people are associating that as your identity and to what you said and what your business is about.

It’s spreading that message. It’s about who you are, and that’s such a timely message for so many people right now to dig into that.

That’s your identity and not what you do and not what your business Does I love that love? Love, love that, John.

I’m curious about your business. and just to introduce John kill to everybody, he found it improved together. Dot Com in one thousand nine hundred and seven.

He has developed a reputation as a results oriented business advisor firm and he has helped over one thousand three hundred businesses in eighty five niches.

That’s tremendous. He’s helped them increase the revenue since one thousand nine hundred and seven so, he has co developed Xavier University M B A, an m, B, A business program, where he taught online marketing and E Commerce for four years, but in early two thousand and twenty two, so I love this because it’s it’s recent.

He focused soley on Linked in, so I can’t wait to hear about your pivot story. So he provides a Sas product that increases it exposure and engagement.

So he teaches, he trains coach mentors and it also includes Corporate workshops, John is a frequent speaker to audiences about performance based marketing.

He’s written several books, numerous articles. He co developed the first paper Click search engine bid management software and wrote the first book on paper click search engines, called Instant Web site Traffic, Very cool.

I’d love to learn more about that, and his recent book Elaborate collaboration is success, Secrets of entrepreneurs, published in April, Two thousand and twenty two, and John resides in Dublin, Ohio, with his wife Colleen.

fifty years. congratulations on. Wow, so many questions. congratulations on fifty years. So John, we’d love to hear. So you started a business in one thousand, nine hundred and seven, and tell us a little bit about what it looked like in the beginning.

 

@11:54Jon Keel

I mean, my third career actually went to work for Sold in one thousand, nine hundred and ninety five, basically to save my family, I had been very, very successful, so several hundred million dollars worth of equipment with my engineering background and discovered the Internet in ninety seven, thought that would be a great tool for small business, because I believe I’m passionate that small business people, small businesses are the future of the world’s economy.

I believe it’s not big business, And so I marked on a journey of twenty five years to help small businesses grow increase revenue.

had a lot of success doing that until March first of two thousand and twenty. I wonder what happened then?

Whole long story. But I work over the years because I really learned and executed marketing, online marketing, offline marketing, and several mentors told me early on, the numbers never

Entrees, many business peoples think well, it’s going to get better, and in my case, the numbers are took a nine percent drop in two thousand and twenty.

Yeah, because things just stopped and my, I knew I need something different, so that’s why expertise and that’s just taking off exploding quite frankly from ninety seven to two thousand and twenty.

 

@13:34Yoon Cannon (paramountbusinesscoach.com)

You had a thriving stellar practice business as a as a business advisor.

 

@13:39Jon Keel

Yes, that’s been.

 

@13:41Yoon Cannon (paramountbusinesscoach.com)

That’s what your business looked like before.

 

@13:43Jon Keel

That’s what would like before.

 

@13:45Yoon Cannon (paramountbusinesscoach.com)

Ok, then moving to hearing family story, Stanley Green is the founder of Power Thinking Corp Com. He offers global resistance training, Excuse me, resilience training and

Exercises, I give you the knowledge and ability to retrain your brain, which is a great fit for today’s topic.

So his training is based on over thirty years of scientific research. Clients include insurance giant athletic media powerhouse Comcast, and organizations throughout China and Japan as well.

This is what you teach is what. this is. The business you always started. family, You know, Tell us a little bit about that, you know when you started it and what it looked like.

 

@14:33Stan Greene

Well doing what I’m doing. Thank you very much. really proud to be here such good company. so really appreciate this opportunity.

Yes, the company started our thinking started in two thousand and eleven, but it’s really the culmination of all the things that have happened in my lifetime

You know as a young young child and you know every mother go through, you know, separation at bad, leaving and bouncing back that she had to do personally, you know, financially, you know playing in sports and actually you know failing when I used to watch basketball basketball games for class in eighth grade, and and one day they were short handed and they put me in the game.

They said, Come on and I told him I couldn’t play. not a play in anyway, and I just failed miserably And that drove me to bounce back and learn the game And I became our city player to University of Pennsylvania, for N B, a whole, fame coach Chuck Daily, and then moving on in business, you know, taking on under forming organizations, focusing on the people and their mindset, you know, trying to

You know, working to turn them around as we did that we made them more optimistic and made them more solutions, focused more collaborative results.

You know, just went through the root, going through other business adversities, Where after our cable company was working in Telecom cable vice President rising, but in two thousand, John remembers.

We had the dot Com bubble. I took over. an Internet company was burning three million dollars of cash a month, And you know the thought was you know more money would be, you know, coming in because it’s a dot com and then all of a sudden the dot com, you know, the as Marvin would know, the venture capitalist.

Whoa, wait a minute. this isn’t going to work. you know, Just say you’re a dot com and get tens of millions of dollars and that was all over.

and here I am with a company. I raised eleven million in three weeks And we had to figure out a way with one hundred seventeen employees there to get through, and I had to lay off those hundred seventeen pivot.

Find a different model and we position for broadband, but from company to company. Since that it turf, which was building turf fields, and then we hit in two thousand and eight, you know would do big recession.

You know, what I learned was that it didn’t matter what school you attended. You know family background was, You know how, if you inherited tons of money, what really matters is whether you have what it takes to bounce back from setbacks.

Because the one thing we all have in common and I found this to my travel to China, Tokyo to teach.

this is that it all had crushing adversity. The question is how fast can we doubt that Most of us bounce that, but can we bounce back faster?

And so when I came across this company called Reflective Learning at the intellectual property rights material that came out of Pennsylvania Positive Psychology Center, I thought, Oh, my goodness, teaching this stuff that I pretty much experienced my entire life, and ultimately I was able to buy the company.

We had to pivot, you know, because the model that they have was working, and that led to what we do today with power thinking you know, Helping people to you know, tap into the power that we all have to bounce back from life’s adversity.

 

@18:42Yoon Cannon (paramountbusinesscoach.com)

I love that, and boy, do people need that now more than ever, Stanley, as you’ve seen. So that what was the most recent pit that you made in your business business?

was it the start of your business, or have you the most

 

@19:00Stan Greene

Recent pivot was at the start we acquired a company that built you know, twenty six hour online courses. Great courses, great content taught by the professors and researchers that did all of the work around this one course for teens, one for adults.

So I thought Ok, Well, they just did a poor job marketing. That’s why they failed. They were trying to market this to companies for their employees.

A company. wouldn’t you want more resilient people? Because if they’re more resilient, your results are going to be. Just didn’t work best years.

you know, they said Ok, You know what? It’s been too long. We put too much money into it. We’re done.

Route. I came and bought the budget, but I made a mistake. just the same thing. Ok. Well, you know, I’m a better sales person, so I think I get this done and it just didn’t work.

And so it was only about five years ago that I realized that I needed to pivot Actually, you know, Vice President of Comcast their Comcast University Learning center, After Hear me present and so forth and taking you online course, he said, Wait, stand.

You can do this yourself. You need to scrap that course and that was very tough. I know that a lot of money was dumped into it.

It’s a great course that people just didn’t get through it some reason, And that’s when I had to make the pivot and find a different way, and ultimately what it led to, where these weekly calls where I can present material consistently and over three month period or so, people would actually, you know, have to shift their brains.

It would retrain their brains, so they would recognize when they’re falling into thinking traps when they beating themselves up too much with a blaming others too much, or the mind reading.

It was just amazing how effective this is

 

@21:01Yoon Cannon (paramountbusinesscoach.com)

Wow, so your pivot was you realize that the delivery mechanism was to build the business around courses. and of course we hear that all the time, especially in the last five years how you need to, you know, you need to create a course based business, passive income, right and you just found it wasn’t really being effective.

So now you’re doing weekly calls and if you pivot anywhere else, as far as the delivery, are they still getting a course?

 

@21:34Stan Greene

Are they getting anything out of a course where my membership? So we buy people to the calls at no calls, and if they what you know, additional benefits access to all the recorded calls and videos that we share.

two hour course that I actually put together. So of course, here is what we want to clarify.

 

@21:58Yoon Cannon (paramountbusinesscoach.com)

They pay nine dollars Ninety five cents, my low, like ninety five isn’t one thousand dollars.

 

@22:07Stan Greene

you know, Try to make it affordable for everyone.

 

@22:11Yoon Cannon (paramountbusinesscoach.com)

Just that’s enough.

 

@22:14Stan Greene

It’s nothing. So you know what we, what we, what we do is we recognize it, courses. we could do courses and do well.

I mean, that’s not the issue. My goal is to help people to transform. Yes, so I just want to make money selling courses.

I can do that, but the people ultimately wouldn’t get the benefit. This is not about knowledge, this is about getting people to change, challenge their beliefs, being able to recognize deep rigidly So that’s a process transformation process that big instructor led on a weekly basis, keeping short only thirty minutes, as has been very effective, so I wanted to just make money so

Courses all day long, but I know that people would change because they take the course and they go. Ok.

I do everything. there is no doubt, So it’s drove out. Drive on the highway. Somebody cut some of it.

Get angry and you know, put up the bigger. so I know that we have accomplished, but with what we do, people have changed.

They produce the negative emotion bounced back, Pastor, Have tremendous testimonials, So you’re making that pivot family?

 

@23:29Yoon Cannon (paramountbusinesscoach.com)

Did that just come from yourself? Was that an idea that you just had one day, or did you go through a process that helped you identify?

That’s the pivot I’m going to make.

 

@23:42Stan Greene

I wasn’t smart enough to work. I couldn’t figure it out myself. Just stumbled into it. I was doing a pilot for Affleck.

I actually joined Affleck five years ago. All the things that I’ve joined them as a commission only sales person.

I never Done that in my life. I’ve led sales teams created, sales teams could always say Ok how you doing?

but you know what your pipeline look like, but never did it myself and I did it in part because I wanted to understand what they go through and see if there was an application.

We found that there was an application for what I do, because I thought there’s a mental battle that you have to win every day as an entrepreneur as a commission sales person Because you’re faced with rejection.

You talk about bouncing back after every phone call. You have to bounce back and keep pushing. And we piloted the program in central Pennsylvania.

Now it’s available after the new associates, available to new associates of A. And so we tried. This pilot was doing a lot of face to face.

I was going out with people and help, and actually, it was one of the regional regional sales coordinator that suggested that

 

@25:10Yoon Cannon (paramountbusinesscoach.com)

I love that, so I think that what I’m hearing from your story that our audience could consider taking away would be to really pay attention to ideas and suggestions that other people have, and those other people might be in the form of a.

maybe I have to go out and get a gig somewhere else as a side hustle. or you know, pick up a commission only situation.

Or maybe that suggestion is coming from a friend, a colleague. But what you did is you really paid attention to his suggestion, and you ran with it and you weren’t afraid.

you were coachable Right And that’s what I’m taking away from from your story that our audience can think about.

Well, I don’t even know how to make a pivot. I don’t even know what I would change. So John, talk to us about your process.

How did you come up with the idea Idea, all right. Well, clearly we’ve been hit. The pandemic. Has has really hit a lot of businesses.

How did you come up the idea where to pivot in your business in a conversation?

 

@26:14Jon Keel

And thanks so much for that stand. There’s a part of the last thirty five years of my career has been being involved with people that are much smarter than I am.

I’m not the smartest guy in the room I just hang out with and that’s instrumental. through association mastermind groups, coaching mentoring.

I paid for coaches for thirty five years because I can’t do it on my own. Not smart enough. but when I saw what was happening, I mean things basically shut down.

It was a real mental thing I had to overcome because I’ve been very successful over twenty five years in helping businesses increase revenue.

I know the online world and the things I’ve been doing for twenty five years just Working anymore again, the numbers don’t lie, and a conversation with a friend of mine in early March, he reminded me, I’ve been talking to him for two years about linked in as a great business to business tool.

And what I didn’t know back then, what I know now is that ninety nine percent of Lincoln’s eight hundred fifty million users use it ineffectively.

This is per link in me, and that’s interesting, and they asked me a couple questions and we ascertained very quickly that I wasn’t using it.

effectively introduced to some people who had developed a software that dramatically increases linked in post exposure engagement. I’m old enough again.

They call me the old dog with new tricks. I’ve been around a long time, and I heard it all.

I don’t believe things Necessarily, so I started using. I started trying all of a sudden. I saw it was like I had died, and with the results I was getting, I kept trying.

Kept using the same results. So I just scheduled zoom call with the owner of the business and said You know, you know, we don’t know each other.

This is a great tool. I love to take this because I have a great network here in the States, and he said, Well, I’m going to expand through white label partners.

People who have access to the software not got my four, and by the way, I was one of them and you know we didn’t know each other, and I said Well, that’s great for them.

But what about me and he said, Well, I’ve checked you out. You have an excellent reputation. Long time in the marketplace.

Would you like to be number five, but I’m not stupid, and I said When we get started, so I

Sas product under the Big umbrella group Improve results, improve together two businesses in August, and it just began to take off and again, because people don’t in this particular mechanism of linked in the platform of Link, and people don’t use effectively, Most people are very very frustrated.

so I added to that then, not only having the access to the software as a Sas product, but teaching, so I do a monthly free three one hour sessions, teaching all things like them.

Because linked in is changing so dramatically fast. They do a good job of incorporating changes. They do a very poor job.

I believe telling anybody about them. I happen to be listened, Guys, who knows what’s going on, I listen to them and I use what I

Information I get from them, study a little bit share with my network and again, I’m not that. I’m not that smart.

Like sense.

 

@30:13Yoon Cannon (paramountbusinesscoach.com)

I listen very well. I love that and there’s a lot of people who went through that same exact journey as you that that I speak to right, and they’ve been doing very well, had a successful two thousand, five hundred and thirty plus year career as an entrepreneur, And then suddenly you know the nature of the business that they were, and they’ve been hit hard.

So what I’m hearing from you, John is is you didn’t Just you went further than thinking about. All right, How can I find?

Where can I find the people who are looking for the services I’ve always sold. but you went out and thought about.

Well, there’s already products out there that are selling And how can I white label that? And it’s still in the wheel house of the brand that you have built all these years.

You’re still helping people grow their business. You’re still. Yeah, you’re still in the marketing game, but you really thought about and were open.

  1. What are some other products that I can white label Just similar to sand, story of selling another product, Affleck, and quite frank, Because my dad told me early on, it’s hard to steer a parked car if all you ever knew was.

 

@31:37Jon Keel

think about it correct, mid course, correct.

 

@31:44Yoon Cannon (paramountbusinesscoach.com)

as you move forward, Yes, agreed a lot. I also speak to a lot of people who are kind of clued right.

I’m I’m sort of this personality trait of analysis, paralysis. You can get caught up in it. You want to have that perfect

Strategic plan, Before you actually decide to go full throttle, and to what you said, you just gave it a try.

You were open to it and here you are now doing very well with the pivot that you made and you’re still able to serve people who want more in addition to the linked in program that you have, Marvin.

I’m curious now to hear your pivot story. Tell us a little bit more about again. the specific, the most recent pivot that you made.

And and how did you come up with that? What did you do it? You know on your own, or did you have a process that helps you come up with the idea of your most recent pivot?

 

@32:44Marvin Epstein

Oh thank you, and first of all, one of the things that I really appreciate of all panelists is the one thing that I think your audience needs to understand is we’ve used the word listen in every one of our responses to the things that

You’re asking, and being a good listener is one of the key ingredients. I have an expression. The best teacher is an unconditional student, And I can tell by hearing Stanley’s expression and hearing John’s expression.

I mean, it has nothing to do with age has nothing to do with socio economics has nothing to do with demographics.

I want everyone that’s watching this to know that there’s no better or worse in anything that we’re describing and all the walks of life that we’ve all come from different and similar.

We just became good listeners and better understood what people were saying, So I think you know what message and by the way, John, I’m going to champion your cause because I love what you’re doing with Linked in because I think linked in has got millions of sheep and very few shepherds, and how they did that to get everybody to talk themselves into, I think is a story in itself, but

I love what he’s done to actually capture that and say, Look, I’m going to. I’m going to help you.

You’re using it, but now it’s going to be about value and what stand is taking as athletic career And knowing, I mean, Chuck Daly’s an icon in sports, but an icon is a brilliant individual and we all looked at something and said, If we listen, somebody will share this with us and we’re the same thing as when somebody wants to share something.

The most important thing that we can do is listen and when I made, I guess you could say the latest pivot.

It started after my Ted talk and when I partnered with a fellow Karma member who had a publishing company, Andre Albright, and she was a publisher of my book, and when we saw what was going on with, we didn’t know how long anything was going to last where we weren’t going to be in person.

she already had a business that was remote and her team was all over the world, so she’d been doing this for years

And I looked at this as well. You know. it’s a short term thing. we’re going to get over this quickly.

You know, how could this last more than a year or whatever? And the answer that she was telling me is it doesn’t matter how long it lasts.

If you have something that doesn’t affect it and it’s successful, then you’re going to be successful. Anyway. She’s been doing this a lot longer than the pandemic started, so it already perfected the concept of having this remote team, and she already understood the publishing industry very very well.

In fact, she’s publishing her twenty seventh book this year, so she’s definitely like polished as a publisher, a marketer brand expert and promotion, Npr.

It’s all internal, but what I looked at is because I was obviously one of the proof of concepts to go through this process when when I saw what was happening is the first thing I said is you know, I need to do a

Assessment of what I really want to do and who I am and how I want the universe to know me, because if I’m going to do anything to get out from whatever the hole is, However, the whole deep deep wide, whatever, I need to be able to tell somebody who I am and I need to be able to have a brand that’s wrapped around that.

So you know, as we joke about the elevator pitch in the small building is, I want to be able to tell somebody who I am and how I’m valuable, and let them come back to me.

Have the expression It’s not who you know and what you know. it’s what other people think you know. So if other people and I think Dan is a perfect example, because it sounds like in some of his transitions where it was more about what other people felt he knew, And then he championed that cause, and that’s little bit of a shortcut for your audience is every one of us has skill sets, And if

We look at everything we have and basically hit the delete button with everything we don’t have, because there’s always going to be something we don’t have that somebody else has, So we’re never a hundred percent, But we are valuable and we are of value and that self assessment that reaching out to people that you care about that you trust that you respect that you want to be closer to, and then find out what it is they’re looking for, And it’s not a matter of having to train by reading a manual.

It’s more by being value to them and them coming back to you and saying, if you’re this interested in what I’m doing, then I want to invest the time to make sure you can be one of my advocates.

You can be one of my champions, And that’s how the relationship with Andre and I built is, I said, Look, we’re not doing events right now and things like that.

How can I help grow your business, And the comeback was is Well, you know I’m looking for media, more media relationships, looking for more marketing partnerships and sponsorship.

I’m looking to elevate the brand. If you have ways to do that. Let’s talk about it. So she gave me a roadmap because I opened the door to say, How can I be of value?

And I think John and Stan and you and you and I have had this conversation. The first thing is if you’re of service, then people will find a value.

If you’re if you’re of self promotion, then it’s just not as valuable. We’ll just say it that way so to be a good listener, to do a self assessment, and then to reach out to the people that you care about and respect, you’re gonna get tremendous tremendous value.

And I think everybody on this panel has created such an amazing network more, because we’ve all given value to someone and somebody else has real

 

@39:02Yoon Cannon (paramountbusinesscoach.com)

I love that. So what I’m hearing from your story you shared, shared a lot of a lot of stuff right right in that segment.

But one thing is you are open to what does that look like for you to help that person. First you started, you know, wanting to show up wanting to help that person that you’re speaking with instead of I’m here to try to sell you the surfaces, the preconceived services that I already have, and instead of doing it that way, you just showed up with a heart to help and you, you didn’t limit with answering.

Ok. Well, I can help you through x y Z services we already offer, and to me it sounds like you did really the same thing as John, with white labeling, but in Andre’s case, she didn’t use the word white labeling

She used the word partners and what that looked like for her, so it’s very. It’s got some similarities, you know, but I love that.

So just in pivot in exploring people who are trying to explore. where can you make a pivot in your business to get you back on track.

And it’s being open to hearing what other are saying. It’s also showing up with a heart to help. Not being married to that type of help must look like the services you sell being open to what those multiple revenue streams could look like.

And really that ultimately it starts with the heart to help. I love that and to what you shared earlier to Marvin, You mentioned about your Ted talk night.

I watched your Ted talk. I loved it, love, love, love that, your talk about humility and what Use this as a segue to our next question because you know it is our perspective on interpretating the challenges that we’re in situation that you might be in.

So if you’re going through a tough time your business. I think sometimes God just uses hard times to bring us some more humility to your message.

So if you’ve had decades of crazy success, it’s got to easy to get puffed up and sort of stink of pride, and nobody’s attracted to that, you know, And so hey, perhaps I really do believe God can use our mess to end up being our message, and your message with your humility.

Ted talk was wonderful. so if all else, if that’s the only thing our struggles are crafting in us or cultivating in us, is just kind of making us into more humble

People with a heart, and not to forget that we’re here to help. We’re here to serve. And I loved your tip about doing an assessment.

Just going, doing a deep dive in who you are. What drives you? You know what really matters what kind of impact you want to make for people, and starting there to decide and discover where you could pivot next in your business, But the reason why?

Ok. so go back to Milly, You go back here to talk. I want to have each of you go back to really, where you had the darkest thoughts.

you know. As far as the head trash, the doubt, the second guessing overwhelmed discourse. I don’t know if you ever struggled with discouragement at any point in your entrepreneurial journey.

So Dan, I know you teach this, but I’m curious. take us back You yourself struggle with those negative thoughts and emotions and just tell us how you felt back then and how did you?

How did you? What were the first steps that helped you get out of that and training? training your brain?

 

@43:23Stan Greene

Well, you know, there’s been a number of occasions where you know. Unfortunately in society certainly praise success. and those who are quote unquote successful.

And what we don’t realize is that those same folks that we are praising have gone through tough times as well.

Somehow we have to figure out how to change that, I think, with the you know more, talk about mental well being and mental health

I think that’s starting to happen and people realize people out there who are have had challenges from time to time who are having challenges as we speak, and going through those dark times.

And so we used to frown upon that. Oh, you know, I feel bad for you, you know, I want to be successful.

So for me I, it was. I took over a company I was planning, but I wanted to get back into more entrepreneurial environments at work like cable.

And so I actually left Bell Atlantic. At that time, it was never rising, but I left them to be the president of a music video channel that competed against M.

  1. V, called The Box, and they actually back in the mid nineties or so They had almost like music videos on demand.

It was like a video Jukebox. Regional name was Video Jukebox and they had been struggling. They were losing markets because the types of videos they were playing back in the nineties.

It was the gangster Rapid, but you know those young people loved it and they could order those videos of the phone or Nine hundred Number Question was up in arms, and they pressured cable systems to get rid of the channel, And they did in New York, which major market D, C, and the company was in it.

In a tailspin. I made a pitch, the board that I come in and save that company and the company which was then the largest cable operator, called T.

  1. I. that was going to buy them and did the due diligence and backed off. I said I can get suitors back to the table in six months, And so I came in, and in that six month period did

What most folks thought was impossible, string of things, the strategy that we put in place to differentiate it. And but the problem was when I came in as the president of Box Usa person, that kind of screwed up the company board was what, for whatever reason felt that you know, we keep him as a C.

  1. O, and I still had to report to the. I. arrange for the meeting with a large company to come back to the table.

We had a big presentation. After my six months or so, they agreed to take another look at the company and then I was out.

They were dealing with the c e O at secret meetings with them, and you know, announced a merger thirty days after that meeting, and in a few months later before my stock options were to be best, it terminated my contract at our board meeting.

I’m on a phone Phone board meeting and a contract was terminated. I was absolutely devastated. My wife said it was that she said she thought I was depressed and I’d never heard that word before and I thought me depressed.

She said You’re depressed, And you know it was tough because I would talk about it all the time and I apologize, folks.

I thought this stuff was behind me, but you asked me. You know. the consolation was, I came into another company channel in Philadelphia that was bought by Comcast and you know I got a million dollars out of that, So it was you know about Backus, but still to this day you know, stock options by the way three years later was worth.

That was a tough. one was a tough.

 

@47:59Yoon Cannon (paramountbusinesscoach.com)

so when you were At that time, what was the inner dialogue going on in your head that was feeding how you felt well?

 

@48:07Stan Greene

The first of all the emotion you know, and I always talk about these negative emotions. Anger. there’s guilt, there’s embarrassment, sadness and anxiety.

The big one for me was anger and anger. Is it really believe that someone did something you know by a late.

You’re right. And so you know, I had to you know. Mitigate that feeling. you know. That was there for you know, a couple of years, and I had to, in order to to really take on this new challenge which was starting a news channel.

You know, I had to you know, figure out a way to let it go, let go that anger

 

@49:00Yoon Cannon (paramountbusinesscoach.com)

Great stuff, and I’m sure a lot of people who are struggling with that similar anger might not even realize they’re struggling with anger.

What’s deep downside? So it’s just been very helpful for you to articulate that, John. I’m curious for you. take us back to a low point.

What was what was a negative thought that kept hounding you In a low point? You’ve had that you did you believed?

 

@49:33Jon Keel

Back then I went through a metamorphosis in my life, a transformation of my life thirty years ago when my marriage was in poor shape.

When I have been married fifty years, and for me it was all faith based. If it weren’t for that, I don’t know what I hope, the local

That process was, you know, the head trash, all that all that stuff. the way I used to talk to myself, verbal, My wife would leave the room.

she said, you wouldn’t talk to your worst enemy. You talk yourself and I have found many people don’t realize.

Think about it when you speak bad stuff. The first person to hear it is you, because your ears are the nearest to your mouth and the mind does not know the difference between a truth and a lie.

so when I speak lies things that aren’t true, that just gets fed right into writing just over and over and over again.

But as we’re going back now about three years ago, I’ve gone through a lot of that already in terms of the way I speak myself and I didn’t have any negative feelings about that.

It was disappointment When I wasn’t doing what I knew it was capable of doing or seeing the results I knew was capable of doing, and just I guess again, it was the faith that just kind of kept me going Because I do a thing every morning.

I call it my John time. I spend an hour. I go analog before I go digital like that, and a lot of that is getting my head straight for the day for me.

Once I get on line, it’s over the day’s over in terms of accomplishing things, so I kind of set myself up every day for success, if you will, being able to come through the disappointments that will occur during the day, I can’t remember Margaret, whether it was you or Stan who said Crap’s going to happen.

It’s called life. Deal with it. You have to learn to deal with it, and a lot of that is emotional intelligence

Which I’ve studied a lot on the last twenty years, and I just don’t let crap get me down. And that just didn’t come over night.

I had to work through that over several years, really reading and studying and continuing to speak the right words to myself both verbally and emotionally internally.

 

@52:28Yoon Cannon (paramountbusinesscoach.com)

I love that. So you go analogue before you go digital, and in that process that your morning routine you’re spending that time just being aware of what are the thoughts that you’re allowing to come into your mind, and what are the positive thoughts that you are choosing to engage in, And the other thing I do to show, I keep a journal and I don’t have all the answers Most days, I don’t know all the answers and I write the questions down, and so I have found that

 

@53:00Jon Keel

Maybe not right away, a week later or two later, subconscious myself, conscious will, which were the subconscious working, and so the subconscious process can come back and I’ll get answers and they just come to me.

 

@53:22Yoon Cannon (paramountbusinesscoach.com)

I love that when you’re sitting still being mindful and self aware, you have those those better thoughts, those more positive, empowered thoughts that come to you, so I’d love to share or love to have Marvin share next, but before you share it just made me think John, of my own example.

I had struggled starting my coaching business because I started it, Didn’t realize at the time I was starting it in the recession of two thousand, seven thousand and eight.

I had sold my last Businesses, I sold all of them in two thousand and six, and at that point you know I’ve had four businesses under my belt and thirty to eighty people on my payroll.

So I thought how hard could it be to start a coaching business and I started the recession. I’m telling you, It was out of all the businesses.

This, it was the hardest one I started, and it put me in a lot of head trash. One of the things that I realized later that I was, I didn’t realize in the moment that I was saying to myself, Is I started thinking, Gosh, I should be further along.

I’m more advanced than this, and I would say things to myself like I lost my. You know, Why isn’t nothing working for me or something to those effects right?

And and it wasn’t until after actually I hired a coach. I hired a life coach And she was she’s She was wonderful, being able to just let me talk and articulate giving me some feedback.

And one thing she pointed out, I didn’t realize at the time that I was doing, she said, Well, you are choosing to believe that the thoughts that you have, You’re saying you lost your minus touch.

You’re believing that and when you believe that, that’s when you suffer and it, and it continues to propagate more.

and it just clicked. You know. So the thing that was helpful for me was, It took me a long time to be self aware of what are the destructive thoughts that keep playing in my mind?

And it took somebody else to what I had to do was because I didn’t get to that awareness quick enough by myself.

I had to go seek help, and for that person to actually give me the feedback. Wow, you really beat yourself

Up, really, I do. I didn’t realize I did that, and for her to feed back the kind of inner dialogue that I was obviously having of myself, And so that really, it just felt like it freed me to to then just say, Oh, Now I can move forward and say you know what, I’m not going to choose to believe that I’m going to believe this instead and writing down.

much like yourself, John, Just journaling and writing down. What are the? What are the? What are the truths I’m going to choose to believe, And what are the reoccurring lies that I seem to be susceptible to keep listening to That I have to actually write down and say I do not believe this.

This is a lie. So that exercise was definitely helpful for me, Marvin. How about yourself? Do you have a like, a specific inner dialogue that you know

Just would send you season of discouragement, And what was that? Perhaps maybe our listeners have that dialogue going on right now.

 

@57:14Marvin Epstein

Well, I think to keep it brief for you, I think in my early s, I was sold on the excitement and the enthusiasm and the opportunity to be a part of something that I was excited about and didn’t do a whole lot of research on the person, and unfortunately it ended up costing me and a couple of family members a lot of money and a lot of heartache.

and I was so embarrassed that I didn’t want to tell my family what happened that I literally just said to myself.

Now it comes down to like this is truth time. This is how. how well can you defend yourself and what are the tools you have

So I literally just started looking anywhere that I could to find a position that would get me to pay rent for the next month, and I didn’t really care what it was, because I’m going to make myself qualified by what they need.

I’m not. I know. I’m not going to need to be a lawyer or a doctor in thirty days, so I’m not worried that I have to go and go to a training.

but whatever training is, I’m just going to tell them exactly what I need from them and they’re going to tell me how I get to do this, so I’m going to be solution oriented, and the one thing that I’ve come to realize is I have an expression.

The universe does not reward strangers, So if you connect with someone and they feel like you’re going to be of value to them, they will do more for you than somebody.

Would That just looks at your resume. So I literally went in and I took several interviews, and every one of them I told the same thing

Said, My goal is based on what I read you’re offering. I need to make this much money in thirty days.

If you promise me to do this, I will do everything I need to do to make sure I’m your next champion and testimonial.

And so I ended up doing direct sales. I wore a chef’s outfit. I went door to door and sold restaurant subscriptions, And what I did is, I took my marketing hat and I took my survival hat and said, if I go door to door one at a time, I can sell one at a time.

But if I go, the health clubs and the insurance companies, thank you, Stanley Affleck, and other companies that have you know, brokerage houses and real estate mortgage brokers that have all these people in one office.

And then what I want to do is I want to get my foot in the door to be able to present it to the person that’s in charge.

Instead of buying one, they’ll buy several. and instead of using the word buying, I’m gonna say this is the value that I

I want to provide you, tell me how this becomes of value, because everything in my mindset was when I go home tonight.

I need to know that I was productive and I was successful and I was rewarded, and every day I put a tally sheet to say I know what I need to get to dollar figure to be able to pay this rent, And it wasn’t so much a financial.

It was financially motivated, but it was motivated because I felt like this was a test. I didn’t look at this as a self pity conversation.

Because that was the case. I would have told my parents what happened. I looked at it like this is my test.

This is my journey and now it’s my turn to perform. And how can I do this? How do I prove it to myself?

And I think what John and Stan, and you, and all the things that we’re telling the audience is all these things are internal.

If you. If you mentally prepare yourself first to say, what is it Can do what is it that I can provide value for, And how badly do I need it?

That’s how we find a way to succeed. And in my story and everybody’s story that I’ve heard, it’s always been those moments that have said internally, I know I can do this, so first we have to prepare ourselves mentally to say I’m ready to go to battle, whatever the battle is, and I just need to know what I need to do is the end goal, and however I get there, I want to be able to keep offering value for somebody to want to take a chance on me.

and the end result of this business, I ended up becoming their regional sales manager.

 

@01:01:41Yoon Cannon (paramountbusinesscoach.com)

I love that. I love that, and one of the things you shared really resonated with me, Marvin when you said this is a test, because those couple of words forward, as has often been when I’ve had rough patches throughout my career.

Those four words Often, just me right back out just to remind myself and I would just put on posted stickers.

I was meant to get in a bracelet. I didn’t ever get that far. but just key words like this is a test would snap me out of it and say this is a test.

Ok. stop that. stop that, think and think it kind of stuff. So I love, love, love that. So as we wrap up, this has been such a refreshing conversation because it’s you’ve all been so authentic, transparent, sharing from your low points, your high points, your low points, and it’s a journey.

and just like life, there’s ups and downs and I just I’m so grateful for your candid honesty and the real tips that you’ve shared others can take away from.

so in closing, I just want to ask you to be share one piece of advice, because my firm belief is encouragement is oxygen to the soul, and my heart is that this converse

Would be a huge encouragement for other entrepreneurs out there If you just had one short message to to share To wrap things up to encourage our listeners.

what would that be? John? Can you? can you share something to encourage our listeners?

 

@01:03:16Jon Keel

In Churchill’s words, In this graduation speech at Eton, I believe it was he said. Never never quit. That was it.

 

@01:03:26Yoon Cannon (paramountbusinesscoach.com)

love it. Get that on a bracelet, Dan. You have you have something short as a as to wrap up our words of encouragement.

 

@01:03:35Stan Greene

Sure, reaching out for help is a strip and not a weakness.

 

@01:03:42Yoon Cannon (paramountbusinesscoach.com)

Absolutely a strip. You do not need to know everything, Marvin, I would say.

 

@01:03:51Marvin Epstein

Simply, we all have a value and there’s always one person that can benefit from our value

 

@01:04:01Yoon Cannon (paramountbusinesscoach.com)

I love it you are valued. Yes, everybody does have their own superpowers To share My message would be to say that you know for those listening, you’re not alone.

And so if you’re running your business alone, you gotta get with other people so you can be in business for yourself.

but please don’t be in business by yourself. So thank you for today’s episode and I’d love to hear people share your comments.

What? What were some key nuggets that you got out of today’s roundtable discussion? And what would you like to add to this conversation?

So thanks for joining in today’s discussion. We talked about pivoting your business and winning the battle of the mind, So again we have Marvin Epstein, John Keel and Stanley Green.

I’ll put their contact information in their websites where you can reach out to them to get to know them better.

 

Growing Your Agency Business

Want to scale your agency business?

Imagine how much faster you could grow if only you could have a small team of 3-10 people working for you.

But, how can you take your business from a ‘one-man-show’ to being able to afford to grow your team?

I sit down with Entrepreneur Vince Powers, who shares how he took his agency business from a one-man-show to an award-winning PR Firm. 

 

Here’s what you’ll discover:

1 – What were the key decisions and/or tactics that launched your business from zero to six figures?

2 – What were the biggest mindset shifts?

3 – What was the most expensive mistake you made in your business and how did you recover from it?

4 – What were the biggest hiring mistakes you had to learn from?

 

Vince Powers is the founder and president of Powers Brand Communications LLC, an award-winning public relations and content marketing firm based in Philadelphia. Recipient of Philadelphia Business Journal “40 Under 40” award. His clients range from emerging growth companies to nationally recognized brands in the consumer/retail, B2B space, and franchise brands working with both franchisors and franchisees. Connect with Vince at https://powersbc.com/ 

 

ENGAGE IN THE CONVERSATION WITH US!  

Share your comments on any of the questions below.

1- What is one nugget that encouraged you from this discussion?
2- What question do you have about scaling your business?
3- What tip can you add to help other entrepreneurs to hire a great team on a small business budget?

 

GROWING YOUR AGENCY ~ TRANSCRIPTION OF OUR VIDEO EPISODE

  • Please note that some words may not have been correctly spelled or transcribed correctly. Time markers listed may also be slightly inaccurate For best accuracy and learning experience please be sure to watch the video version here:  https://youtu.be/PLSdCdcf27A

 

@05:37Yoon Cannon (paramountbusinesscoach.com)

Well, hello everybody. We are back today I’m talking to Vince, and Vince is the owner of Powersbc.com, which is a PR agency.

And we’re tackling and just talking about the conversation, the challenge of growing your team when you’re trying to scale your business.

So I’m excited that Vince has been able to to the grid. To kind of open up his challenges and his personal journey.

So I’m excited to learn from your experience. So, Vince Powers, let me talk to you guys a little bit about who Vince is.

He is the founder and president of Powers Brand Communications. They are an award-winning PR agency here in the Philadelphia area.

And he’s written as a recipient of many awards including the Philadelphia Business Journal 40 under 40 awards. Now, this is clients, they range from emerging growth companies to nationally recognized brands in the consumer, retail, and BTB sectors, as well as he tackles a lot of and helps a lot of franchisees and franchises.

So if you’d like to connect with Vince, his website again is powersbc.com. But we are here today to talk about his challenges.

So anyway, welcome Vince, and thanks for joining us.

 

@06:56Vince

Thanks for having me, I appreciate it.

 

@06:57Yoon Cannon (paramountbusinesscoach.com)

Yes. So Vince, it’s. Series really allows us to just talk about what are the lowest low points in your journey.

As an entrepreneur and in growing your business, would you say would you consider your business a family run business?

 

@07:15Vince

No, I started it. Okay.

 

@07:20Yoon Cannon (paramountbusinesscoach.com)

I thought for some reason you were working with your wife or what not skip that part. But anyway, so talk to me about what was one of the lowest points in your journey and talk to me about what you did to overcome that.

 

@07:40Vince

So thank you very much for this opportunity. I would say instead of one of the lowest points, maybe one of the hardest points.

When I started this firm ten years ago, and previously, I had worked for large firms. I’d worked for a large international firm based out of Washington, DC.

We had several offices, several hundreds fee. I work for a larger firm up here in the Philadelphia region, again, between both the public relations advertising north of 100 people.

When I started this firm ten years ago, it was all of a sudden it was me. So, you know, I was was trying to figure out, how do I build my business, when do I hire, and who do I hire?

And I was trying to do everything kind of myself in the beginning. So one of the things that I learned early on was contractors are not a bad thing.

When I started to have a certain level of work coming in, I reached out to some people that I knew who didn’t necessarily want full time work for whatever reason.

They just wanted 1015 hours a month, maybe 20 hours a month. And they had certain areas of expertise that I did not like copywriting or design or research.

And it took me about the first 18 to 24 months. To really feel comfortable to bring on contractors. And you get to a point where they feel like employees.

And the great thing about contractors, quite honestly, is you can test drive each other. They can work with you, you can work with them if it’s not the right fit.

No harm, no foul. I just don’t give them any more business. I’ve had a couple of contractors who have become employees.

They’ve started as contractor, went to part time employee and then full time employee. So that was terrific because it kind of gave me an opportunity to see what their strengths were, how they fit in with my organization, my culture, and then for them as well as my firm, fit in with their lifestyle, their work life balance.

So I think that was one of the hardest things, was really kind of going from large to just one person and trying to figure out how to do it all.

And I pivoted towards the contractor model. Now, obviously, I have full time employees as well as part time, and still.

 

@10:00Yoon Cannon (paramountbusinesscoach.com)

Contractors. So that’s how you built when you first started your agency? From zero to six figures is gathering a team of contractors?

 

@10:12Vince

Yeah, pretty much. Great. Great.

 

@10:17Yoon Cannon (paramountbusinesscoach.com)

So then you did that. Was there a mindset shift? That had to happen? Where was your strongest?

 

@10:27Vince

Almost, I guess, difficult mindset shift in that journey. Yeah, again, great question. So, again, when I started, I didn’t want to turn away any business, so we would service clients across a variety of industries.

The only industry, really, we didn’t touch was pharma and life sciences, because that’s such a niche. We were doing everything from consumer marketing to professional services and B to b to nonprofit to higher education to manufacture ring.

Sort of all across the board and that was great. And the great thing about agencies is you can work on a variety of clients.

One of the shifts I had to make was to shed some of those clients and some of those sectors that really wasn’t our sweet spot, and to focus on an area that I felt had a great opportunity for growth and we had pretty good success.

And that’s when we kind of launched our franchise practice. We’d kind of done some things in the franchise space.

We’d worked with one or two franchise brands. I had kind of looked around and started talking to a number of franchise brands and felt like there was really a good need for a strong public relations firm both at the franchise or in franchisee level.

So that was kind of scary because we shed a lot of our clients and industries and said we’re going to really focus on our franchise practice and then also kind of our retail and consumer practice.

So now we have two primary practice groups. What tends to happen, what tends to surface is other organizations will come to us with project work, which is great.

We can handle that, whether it’s in higher ed or manufacturing. But as far as a business development and how we’re going to grow to where we want to be, we really focus on those two practice groups.

So when you said a minute ago that you shed some of your other industries, does that mean you fired your clients or you let them know you’re not going to be able to work with them anymore?

Well, we didn’t fire them per se, but we didn’t actively try to pursue growing in that space. And the majority of those were project based to begin with.

So when the project ended, it was just sort of a natural segue. And if they came back to me, then I would say, you know what?

We’re probably not the right fit for this next project, but let me give you somebody who would be a good fit for you.

And I did that with a few of the clients to say, here’s, They’ll be a good fit for you.

It all ended on very good note. Nice. Okay. Got you. And then you really just focused on the three different niches you’re holding it on now.

Nice.

 

@13:14Yoon Cannon (paramountbusinesscoach.com)

That was a big mindset shift, and I think a lot of business owners definitely struggle with the same thing, especially in the earlier or at least if they’re trying to ramp up or revamp for some people who have really been hit hard since the pandemic and just trying to take any kind of work.

So in the midst, I know you shared, and I just want to kind of drill down a little bit more into the details to kind of monitor yourself or how did you push yourself to resist on taking clients that just didn’t fit the niche that you’re focused on?

 

@13:58Vince

What was it that helped you say no? Yeah. I mean, it’s not easy because, again, you don’t want to turn away business.

But in the same regard, if I didn’t feel like we were the right firm for a client that was coming to us, I would be honest and say that I wasn’t trying to pretend we were something that we weren’t or try to do something that really maybe we were not the best fit.

I would always try to point them in the right direction, say, hey, I know this firm over here would be a good fit, or this contractor over here would be a good fit and be able to handle you.

It’s difficult, but I think that I knew in the big picture, in the long run, if we focused on our primary practice groups, we would be more effective and we would grow the way I wanted to grow in the long run.

 

@14:54Yoon Cannon (paramountbusinesscoach.com)

So what would you say to somebody who is in a similar situation? But what’s happening for them is they want a niche.

They don’t have enough clients in that niche, and then they’re attracting clients they don’t want from them an area in industry they don’t really want to get a lot work from.

 

@15:16Vince

And yet money is screaming. It seems like it’s money talking, as in, hey, if I say no to this project, we’re not going to have any cash flow coming in the door.

And yet they’re not the right type of work that we want to do. What would you say to the person who’s struggling in that cycle?

Yeah, again, great question. Obviously, the first goal of any business is to stay afloat, is to stay cash flow positive.

So you have to get to a point where you’re comfortable enough to be able to say, you’re probably not the right fit for us.

If they’re early stage and they’re. Trying to get to a cash flow positive position, then, yeah, they probably want to work on some of that.

The other thing is if they don’t necessarily know what that niche might be again, we did a lot of sectors early on.

Kind of gave us an opportunity to see where our strengths would lie and what we would have most interest in and where we would be the best fit for clients.

So it’s a tough decision. It’s a tough call to make. At a certain point, it probably took us three or four years to get to that, to where we said, you know what, this is really what we’re going to focus on.

Didn’t happen in the first 90 days to six months.

 

@16:42Yoon Cannon (paramountbusinesscoach.com)

I’m glad you shared that, that it took you three to four years. If you had to look back and if there were anything there were any strategies that you can think of, if you had to redo it, would there be anything that would have helped you shortcut that ring?

 

@17:00Vince

That down? Well, I think business development is always going to be on the minds of a small business owner because our job is not only business development and to manage the clients and my employees, and it’s hard to kind of do all of that.

And I experimented with a couple of things. At one point, I totally outsourced our business development, and I basically hired an individual who served as our director of business development.

And it was about a six month process and it was a good learning exercise. One of the things was he was able to generate leads, but they weren’t really the right leads.

They weren’t the best fit for us. There’s a certain size of client brand that. We tend to tend to work best with.

And he was able to make some introductions and get some meetings, but they weren’t the right ones. So, you know, I’ve gone back and forth with how to best handle business development.

At the end of the day, a lot of it still falls on me and my senior team. For us, we know our firm better than anybody, so that if we are talking to somebody or meeting somebody at a conference or at a networking event, that’s still going to be our best way to generate leads because still about networking and relationships and kind of getting out there and, you know, it was about a six to nine month process.

It’s something I still I’m still trying to learn from other entrepreneurs. How do you do business depth? I ask people that all the time when I sit down with them.

How do you do your best development? And there’s lots of different ways and you just sort of see what works and see what sticks and see what doesn’t.

 

@18:59Yoon Cannon (paramountbusinesscoach.com)

So. So if our viewers can learn from some of those mistakes or even just not necessarily mistakes, but just what didn’t work.

 

@19:10Vince

Right. So you had a business development person that you hired, and then was that person contractor or an employee?

Contractor. Contractor. So were they dedicated to business development to you full time, or was that a part time gig for them?

No, I think this individual worked for a company that did that, and specifically within the marketing, advertising, and PR industry.

Okay. But I think each person probably has two or three agencies that are working for and they weren’t based in the Philadelphia region.

They were based in the Midwest, because we work a lot of national brands. So it wasn’t like they were trying to get meetings just here in the Philadelphia market.

But no, I mean, they were 15, 20 hours a month or so, probably dedicated to the business. And are you still working with that contractor?

I’m not. So if you were to learn from what didn’t work, when you said they didn’t bring you the right lead, what do you think was their approach?

Were processed. What didn’t work about the end result was that they didn’t bring you the right lead. Can you share a little bit more about that?

Yeah. So I’ll just give you an example. In the franchise category, there are a lot of emerging brands. An emerging franchise brand may have one or two or three locations.

And a brand that’s further along in its life cycle will have 50, 75, 100 plus franchisees or locations. We typically work with brands that are franchise brands that have 50 plus.

Some of our clients have over 150 franchise. Or territories or locations if it’s a retail brand, you know, he was making more traction introductions with brands at the emerging that had one, two, three, or four.

And again, there’s nothing wrong with those, but they weren’t really the best fit for us. I’m sure there are firms or maybe contractors that would do a great job with an emerging brand, but that’s a harder brand for us with our team to service.

Right. Got you. We told them that in the beginning. We said, this is our criteria, our specs that we’re looking for.

But it was probably easier for him to get the meetings with the emerging brands, so that’s kind of where he gravitated.

Got you. Okay. So definitely did work for what you were looking for as far as they were too small.

And you did give them the criteria. They just didn’t follow through because yeah.

 

@22:00Yoon Cannon (paramountbusinesscoach.com)

Okay, so if you give us one or two of the tactics of what’s really working the best I know we’re going to a little rabbit hole, because our topic is really about challenging the challenges of hiring.

But just out of curiosity, can you give our viewers a little bit more on what has been working better for business?

 

@22:22Vince

Yeah, I mean, if you do good work, people tell their colleagues, they tell other people they work with. So, again, in the franchise category, I’ll just give you that as an example.

Again, if we’re working with a franchisee that might own eight or ten locations of a particular franchise brand and we do a good job, they sent an email to ten of their colleagues, and all of a sudden, we’re doing work for 40 or 50 locations around the country.

So it’s easy for me to say we’re a strong firm, and we’ve gotten break. Capabilities, and we would do a good job for you.

But it is so much stronger when somebody does that on our behalf and they do it without us even knowing it, quite honestly.

They’ll reach out to their colleagues and then they’ll circle back and say, hey, Vince, or Karen, who runs my franchise practice, FYI, sent this email out.

You might be getting some of my colleagues reaching out to you. So again, if we just focus on doing a really good job, and then obviously we try to stay visible on social media.

We’ve got some junior staff, and they’re always posting, because that’s important. Just to have a presence, people need to know what you’re up to.

And then every now and then there are certain awards that come up that, if it makes sense, we’ll apply for.

Those things. Just sort of go towards the credibility factor of an agency. When some clients are looking at agencies, yes, absolutely.

You’re right. If they’re looking at a PR agency. Actually want to see what’s the PR that the PR agency has for themselves.

To what you said, surprisingly, I think that is a foundational principle that a lot of people can easily forget.

The best marketing is that you do brilliant work and you don’t let up on these little sloppy kind of negative experiences.

 

@24:28Yoon Cannon (paramountbusinesscoach.com)

And I know just as an example, somebody was trying to solicit me, and I wasn’t going to accept the phone call invitation, but because they offered, oh, by the way, just for booking this coffee together or whatever, virtual coffee, we’re going to send you a DoorDash lunch on us.

And I just thought that was clever. And I thought, oh, all right, you know what? That was such a great idea.

I’m just going to give you the meeting because it’s.

 

@25:00Vince

That was really clever. Yeah.

 

@25:02Yoon Cannon (paramountbusinesscoach.com)

They never follow through, you know, and it’s not like I care about a ten dollar door dash lunch, but it sticks with you.

Well, my first experience, you said this and follow through.

 

@25:16Vince

It turns out there was two other things that they said they would do and they didn’t do. So it was just even little things like, oh, I’m going to set up a meeting with you.

And then they swapped and I had a meeting with one of their colleagues, a junior associate, and I thought, no, I took the meeting because it was you, not because it was a junior associate.

Yeah, but that’s just giving some specifics to really the same thing about paying attention to your work.

 

@25:50Yoon Cannon (paramountbusinesscoach.com)

And I even sent them a little email to say, hey, by the way, I thought it was really clever, that DoorDash idea, and I thought maybe it would spark.

So. Hello.

 

@26:02Vince

But that awareness of quality. Are you doing what you say? Do you deliver on what you say? And then the over deliver, of course, is what we all hope we can do.

So that’s very powerful shared marketing, doing great work.

 

@26:20Yoon Cannon (paramountbusinesscoach.com)

So going back to you’re growing your agency, you started out years ago, you started out with contractors, and you folded in some employees.

What in your journey of hiring your team, both employees and contractors, what do you think as you look back with some bigger hiring mistakes that other people can now learn from?

 

@26:48Vince

Yeah, good question. So I think one of the things is be careful of references. You meet a candidate, and most of the candidates who come to me,

Me, quite honestly, are within my network or my broader network, people refer them to me. Hey, Vince, my cousin is in the public relations field and moving from Philadelphia to Philadelphia from Washington.

Could you meet with them? Great. Perfect. Sort of that warm introduction. I love those kinds of introductions, but obviously sometimes we have to just post because we’re looking to hire and we just get resumes in, and we always say, could you share with us two or three references?

The references are always going to be glowing or why would they not give them as a reference? And I’ve just been pretty surprised.

Sometimes the person sharing the reference talks about this individual, and then you get them in and you think, that’s not quite right.

So just be careful of references. Understand that people who are giving them realize that they’re it’s. Trying to build up the candidates, whether it was a professor at a university or if they had an internship somewhere or something like that.

Obviously they want to build up that individual, but you kind of have to take it with a grain and salt, I think, sometimes.

Yeah, that’s important.

 

@28:20Yoon Cannon (paramountbusinesscoach.com)

And you actually checked on the references? I work with a lot of entrepreneurs who I later find out they never even call the references because you’re in such a hurry to hire and you want to get that position filled because you’re overwhelmed and you’ve got way too much on your plate.

 

@28:37Vince

So that’s great that you even called the references, but to what you said yes, to be careful and mindful that they may not always match up.

Do you do any hiring assessments when you’re hiring, just to kind of see what their personalities are? I’m curious what your experience with assessments have been.

Give me an example. What do you mean by assessment? Like a disc? I’ll. Personality assessment. There’s the Colby test.

Just curious if you ever tried. No. I mean, it was harder during the pandemic when you could only meet them via Zoom.

I made a couple of hires to run the pandemic again. I have a much better feel when I can sit down with somebody in person and see how they just talk and answer questions.

You get a pretty good feel for how will they be in sort of day to day as a colleague in front of clients, working with my other employees, my other staff, I think you can get a pretty good feel for that.

Yeah, I can relate to that goal face to face. That makes a big difference.

 

@29:50Yoon Cannon (paramountbusinesscoach.com)

So we’re talking about some hiring mistakes. If you had to think of just overall, just any kind of what he’s saying?

Was a decision that you made in the past that turned out to be an expensive mistake.

 

@30:08Vince

And how did you recover from it? Is there anything, any other mistake? Address and talk about how you recovered from a hiring standpoint, from any business standpoint, any other one of the things we always talk about is it’s always better to learn from the mistakes of others.

And this is our opportunity to share with our audience how they can avoid some costly mistakes. Yeah, I think, again, just the lesson of trying not to be everything to everybody.

Again, in my world, in the agency world, there are PR firms, there are ad agencies, there are digital firms, there are social media firms, there are the full service.

Agencies that are trying to do everything to everybody. And I always felt like if you could stay in your lane with your primary area of expertise, you would be able to do that really well, as opposed to an agency that does that says they do everything, but they do everything kind of average or kind of mediocre.

And it’s a hard thing to do because, again, when you’re starting out, you don’t want to turn away business, you don’t want to turn away revenue, you don’t want to turn away clients.

But I think you need to be true to yourself and say, well, this is really what I’m really good at, or this is what’s really going to differentiate me from my competitors.

So I’m going to stick to this and again, to what we talked about earlier. It’s a fine line. You need to sort of get the business up and going, and then maybe you can figure out from there what’s the best path forward.

And it’s been. Process. There’s no formula that someone says, on day one, I’m going to do this for two years, and then from years two to five, I’m going to do this, and then five to ten, you have an idea, but you really need to be openminded and just sort of flexible and look for opportunities as you’re growing again.

Our whole franchise practice started because one of our clients came to us about four years ago and said, we’re going to franchise.

Can you help us announce it? And we said, sure, we help them announce it. They went on and sold 30 franchisees in the next 24 months.

We started doing work in each of those 30 markets, and then that’s when I start to research and get more educated about the franchise world.

And that’s kind of launched our practice, but it was never on a business plan. I never had written down launch franchise practice.

It just kind of evolved. Involved. I kept my eyes and ears open, started talking to some of the people who were smart in that space, attended some conferences so I could learn more about the industry, talk to franchise.

Franchisees. Tried to figure out what the RF opportunity was, and then that’s kind of when we went off and launched it.

 

@33:20Yoon Cannon (paramountbusinesscoach.com)

I love that. And then you shared earlier about being a specialist and staying in your lane and that some other agencies that are offering kind of an all in one messaging.

Can you give our viewers example, a few examples on especially for people who aren’t as familiar with the whole scope of PR?

 

@33:42Vince

Maybe they’re thinking, oh, it’s a new PR. It’s a news release. So talk to us a little bit about where you really shine and maybe some differentiation as far as what if some of your clients shared with you, maybe if they’ve used an all in one agency and what we’ve he’s.

What’s the difference in a PR from a previous all in one agency versus the PR that you do? Yeah, I think what it comes down to is that my team members are experts in what they do.

So my copywriters are fulltime copywriters. They’re not doing 10, 12, 14 different things. It might be as simple as writing a press release, but it has to be a really good, persuasive, interesting newsworthy press release.

And you need somebody who is a copywriter who knows how to do that. We’re writing remarks and speed beaches for CEOs of companies.

So you have to really have somebody who again, that’s their area of expertise. My media relations team, the team they’re the ones who are talking to reporters.

And editors and producers and bookers. That’s their expertise. That’s their world. That’s what they like to do, and that’s primarily what they do.

My team is involved more with our social social media influencers, bloggers, content. Again, that’s their world. So I think, again, what happens is, in a lot of agencies, they have people who are doing a lot of different things, but they’re not really experts at any one thing.

And when I started this firm, I said, we’re going to stay in our lane with PR and content. And content.

Content is all about storytelling. Every brand has a story. Is it interesting? Maybe not. But part of our job is to figure out how to make it interesting, how to make it resonate, how to make it relevant to ultimately who you’re trying to sell to.

And that’s not an easy thing today. Too. So again. When I started with the contractors. It was a good model because I was starting with copywriters or a designer or a media relations person.

A light went off and I thought it’s a good model because I’m getting clients who are saying to me what I really like about you guys is that your event team that does event planning and management.

They’re senior people who’ve done it. They’re not learning on the job. You’re a copywriter who’s writing this speech for our CEO loved it.

CEO loved it. So again, it all goes back to if you do quality work, your clients will to be happy and then they’ll refer because they talk to other colleagues all the time.

 

@36:53Yoon Cannon (paramountbusinesscoach.com)

Yeah. So what I’m hearing then is from that, especially on our topic.

 

@37:00Vince

Of the challenge of hiring and growing your team. What I’m hearing is that you have made a concerted commitment to higher talent and that does make a huge difference.

Whereas I have have seen it happen in many different agencies where they’re trying to focus on profit margins and hiring the cheapest labor possible.

And you can see it, you can see the quality of the work where copywriting isn’t actually as easy as it might seem.

You read a piece, it just reads like me. Sometimes I read pieces, it sounds like a bot wrote it.

 

@37:43Yoon Cannon (paramountbusinesscoach.com)

It doesn’t quite have any substance. It just says a lot of verbiage but didn’t really say anything insightful. So that’s what I’m hearing is that you have committed to hiring higher level talent and that has really helped you.

Get those unsolicited word of mouth referrals and landing even more franchise clients just from doing great work.

 

@38:10Vince

So, yeah, I love that you weren’t afraid to do that, because I just so from my view, I do see it happening a lot in businesses who are trying to just have a fatter cash flow.

Right? Yeah. So it’s easy to kind of cut corners and skip on putting a junior person or just somebody who’s maybe not even that advanced in the craft.

So somebody can say that they’re a full time copywriter or a full time this or that, but then when you look at their work, they just aren’t that strong skill set.

Right. Yeah. That was very valuable. Good.

 

@38:55Yoon Cannon (paramountbusinesscoach.com)

Well, if you have any other words of advice to our audience, Agency owners or business owners who are maybe at that.

I’ve got three employees or five employees, and they’re trying to scale their company to the next level in hiring their dream team.

 

@39:15Vince

If you have any final words of advice, what would that be? Yeah. And again, this kind of goes into what you do with your firm, individuals who are sort of in your space, in your categories to understand.

For me, people understand agency and how agencies work and how agencies are structured, and see if you can touch base with them two, three, four times a year and just pick their brain.

There’s an individual that I work with, I don’t work with, but I reach out to them a couple of times a year.

He and I worked together in Washington, DC. For a number of years. 25 years ago. He built an agency, sold it, basically is retired, but I reach out to him a couple of times a year and just touch base.

And that kind of third party feedback is helpful because we get so busy being in the weeds, looking at the day to day, that we need that person to come in and help us take a step back and look at the big picture.

And that’s a hard thing to do because we’re always just looking at kind of day to day. Yes, absolutely.

Oftentimes your employees aren’t going to have the assertiveness to maybe cross that line and say, hey, by the way, and it’s just not their place.

Right. So no one else is holding you accountable or just giving you that observation that nobody else has really articulated.

So great.

 

@40:54Yoon Cannon (paramountbusinesscoach.com)

I love that. Love that advice. And then for people who want to learn more about your PR, he.

 

@41:00Vince

And want to connect with you to see how you can help them. What’s the best way for them to reach out to you?

Sure. Well, the website is powers. ECB like boy C like Cat. And that stands for Powers Brand Communications .com. So Powersbc.com.

And then my email is Vpowers. Vpowers@powersbc.com. That would be the easiest way to get in touch with me, and I promise I’ll get back as quickly as I can.

 

@41:30Yoon Cannon (paramountbusinesscoach.com)

Awesome. Well, I appreciate you being candid and sharing about your personal journey and growing your agency, and I’m excited to see more franchise or being helped by your PR agencies.

 

@41:44Vince

Well, great. I appreciate the opportunity. I hope this was helpful and beneficial to some of the entrepreneurs out there.