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	<title> &#187; Articles</title>
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		<title>Branding</title>
		<link>http://www.fatoomsh.com/articles/branding/</link>
		<comments>http://www.fatoomsh.com/articles/branding/#comments</comments>
		<pubDate>Sun, 13 Jun 2010 01:40:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Brand Management]]></category>
		<category><![CDATA[Branding]]></category>

		<guid isPermaLink="false">http://www.fatoomsh.com/?p=50</guid>
		<description><![CDATA[In the beginning God created the heaven and the earth – and the first Brand -“The Forbidden Fruit”. But this brand was so strong everyone was intrigued, motivated, aware and accessible – a marketer’s dream. So much so that 50% of the world’s population ignored the health warning and tried it!
Branding is the single most [...]]]></description>
			<content:encoded><![CDATA[<p>In the beginning God created the heaven and the earth – and the first Brand -“The Forbidden Fruit”. But this brand was so strong everyone was intrigued, motivated, aware and accessible – a marketer’s dream. So much so that 50% of the world’s population ignored the health warning and tried it!</p>
<p>Branding is the single most important element to business. The back office, the sales people, the stationery, the whole box and dice revolve around the Brand. It is what people see, what they hear and what they repeat.</p>
<p>When businesses are sold the Brand value is represented as the share price or buyout price. Many businesses do not understand that it is the Brand that will determine whether the owners retire to Noosa on the beach or a caravan park in a regional town.</p>
<p>It is also that same purchase price that can afford you a trip away each year or that prevents you from affording a private hospital when you have a trip at home.</p>
<p>Your brand is impacted by many things:</p>
<ul>
<li>Service – turnaround times, sticking to commitments, knowledgeable etc</li>
<li>Your people – how good they are, the clothes they wear, the language they use</li>
<li>Your promotions – quality vs tacky, appropriate vs just plain costly</li>
<li>Your price – are you value, quality, prestige or junk</li>
<li>Your product – is it as promised, do I get my monies worth, do I get value?</li>
<li>Your budget (spend a lot and even poor Brands can survive)</li>
</ul>
<p>Brand is about the 1st, 5th and 6th sale: The 1st sale gets them in, and if you make it to the 5th and 6th sale, you have a loyal customer. If your plan is to maximise revenue whilst in the business, and maximise the purchase price when you want out of the business, then Brand is the only thing that will do it.</p>
<p>As your PE teacher said &#8211; “Image is everything.”</p>
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		<title>IP &#8211; The Building Blocks of Competitive Advantage</title>
		<link>http://www.fatoomsh.com/articles/ip-the-building-blocks-of-competitive-advantage/</link>
		<comments>http://www.fatoomsh.com/articles/ip-the-building-blocks-of-competitive-advantage/#comments</comments>
		<pubDate>Fri, 11 Jun 2010 23:36:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Branding]]></category>
		<category><![CDATA[Competitive Advantage]]></category>
		<category><![CDATA[Intellectual Property]]></category>
		<category><![CDATA[IP]]></category>

		<guid isPermaLink="false">http://www.fatoomsh.com/?p=48</guid>
		<description><![CDATA[Most people and businesses see the brand via its physical or visual manifestation (VM) as in name, logo and tag line. The power of the brand is more than the VM just as the role of IP is more than just trademarks and patents.
Fa’toomsh look at the IP and Brand issues slightly differently – yes [...]]]></description>
			<content:encoded><![CDATA[<p><em><strong>Most people and businesses see the brand via its physical or visual manifestation (VM) as in name, logo and tag line. The power of the brand is more than the VM just as the role of IP is more than just trademarks and patents.</strong></em></p>
<p>Fa’toomsh look at the IP and Brand issues slightly differently – yes it is governance, yes it is part of risk management, yes it is design, but in Marketing terms it has to be more.</p>
<p>We work with start up and existing companies – new businesses who have great ideas and need a way to create a going concern and older businesses that have concerns about the way they are going. With 8/10 companies failing within the first two years and the private sector, especially small business, being the cornerstone of employment, growth and innovation in the economy then surely the application of IP and Brand has to be seen more broadly than just from a due diligence and artistic perspective.</p>
<p>In Marketing, the fundamental question of “what business are you in?” has to be asked and answered correctly in order for a business to survive. As businesses strive for the break in the market, that little point of difference, they design and create unique offerings, ways of working, delivery methods, products, processes, language and culture that give them an edge. This drive for “uniqueness” and its subsequent application into the business and the marketplace provide revenue opportunities that otherwise would not exist. In Marketing that “uniqueness” forms the basis of the USP’s and Competitive Advantages of the business.</p>
<p>It is the “uniqueness”, or IP, that we try to patent/trademark. Logically the sole reason we do that is to “control” that uniqueness – because control gives you the power of options. And, because we strive for as much “control” and as many “options” as possible in business, we bring processes and disciplines to bear on IP such as due diligence, governance and risk management to ensure that it is a management and business priority.</p>
<p>The role of Fa’toomsh is to:</p>
<ul>
<li>Find or build uniqueness/IP &#8211; i.e. marketing edge</li>
<li>Build and encourage the use of processes – i.e. governance edge</li>
<li>Implement strategies to increase business success – i.e. marketing and governance</li>
</ul>
<p>Unfortunately for Marketing, the Boardroom table has traditionally been a matter for the accountants and lawyers; as a result we mostly see IP, and now Brand, from their perspective fields. The real value of IP is from a Marketing perspective i.e. the drive for uniqueness and the processes that get you there. This is what creates the business’ revenue that accountants count, and the lawyers are paid with.</p>
<p>Brand is the summation of a business &#8211; the people, processes, product, USP’s and Competitive Advantages, market drivers etc. In its physical form, seen as a name, logo and tag line, – we demand it to be as “unique” as possible in order to give us another, or sometimes sadly the only, USP and/or Competitive Advantage we have over our rivals. Hence why graphics and IP are all a legitimate and fundamental part of the Marketing process.</p>
<p>Customers buy a product/service because it will satisfy a need. IP is a Marketing issue because it is about the control, valuation, development and protection of the “uniqueness” that is part of every customer offering.</p>
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		<title>Advertising &#8211; Enhancing Your Marketing Campaign</title>
		<link>http://www.fatoomsh.com/articles/advertising-enhancing-your-marketing-campaign/</link>
		<comments>http://www.fatoomsh.com/articles/advertising-enhancing-your-marketing-campaign/#comments</comments>
		<pubDate>Fri, 04 Jun 2010 01:24:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Brand Awareness]]></category>
		<category><![CDATA[Branding]]></category>
		<category><![CDATA[Marketing Communication]]></category>

		<guid isPermaLink="false">http://www.fatoomsh.com/?p=44</guid>
		<description><![CDATA[Advertising forms an integral part of the communication process. The strongest campaigns are made up of a series of integrated themes and messages, developed with a strategic direction in mind. As well as and in alignment with marketing, public relations and various other communication techniques used to create awareness for brands and services, advertising can [...]]]></description>
			<content:encoded><![CDATA[<p>Advertising forms an integral part of the communication process. The strongest campaigns are made up of a series of integrated themes and messages, developed with a strategic direction in mind. As well as and in alignment with marketing, public relations and various other communication techniques used to create awareness for brands and services, advertising can be used as an extremely effective communication medium.</p>
<p>For a business that has something to sell or deliver, advertising performs many functions and the effects on a business from this can be considerable. Some of the advantages of advertising include:</p>
<p><strong>Creation of brand awareness</strong> &#8211; People who have seen advertising for a certain product or service are more likely to remember this when they come to make a purchasing decision.</p>
<p><strong>Boosting sales &#8211; </strong>Ads run in the right publications and areas increase awareness and will lead to increased sales.</p>
<p><strong>Speeding up the buying cycle &#8211; </strong>People are more likely to be receptive to advertised products and services increasing the probability that they will take notice of other information from that company.</p>
<p><strong>Enhances prestige &#8211; </strong>Businesses that advertise are more likely to be seen as credible.</p>
<p>When done badly however, advertising can create confusion and even hostile feelings towards brands and services. The following are some advertising don’ts to look out for.</p>
<p><strong>Making the branding and product shot too small &#8211; </strong>This will create confusion about what the product/ service is and who the company providing it is. The aim of advertising is to make this information easily available and clear to those viewing the ad.</p>
<p><strong>Including too much information &#8211; </strong>Too much information will cause people to dismiss the ad. Often there is limited time to get the advertising message across; therefore this message needs to be succinct and straightforward.</p>
<p><strong>Being too clever &#8211; </strong>Being too clever in advertising may also cause the ad to be dismissed by the audience. People tend to not spend too long on something they can’t understand. Remember to keep the message clear.</p>
<p><strong>Weak imagery and boring creative &#8211; </strong>We have all heard about cut through. As there are so many adverts around everybody every day, your advertising message needs to break through the clutter. To do this you will need effective imagery, catchy, easy to remember messages and interesting creative.</p>
<p><strong>Bad Placement &#8211; </strong>If your advertisement is not in the correct place to reach your target market, it is not going to have any impact. This also applies to the ad’s timing and the length of time it is available for the target market – if it is lost in the clutter it will not be effective.</p>
<p>Advertising is an extremely effective communication medium, although when executed badly it can form negative results in the minds of consumers. When advertising has been developed with strategic direction in mind and is used in line with other communication processes, the benefits on businesses and brands can be far reaching.</p>
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		<title>Marketing IP &#8211; A Closer Look</title>
		<link>http://www.fatoomsh.com/articles/marketing-ip-a-closer-look/</link>
		<comments>http://www.fatoomsh.com/articles/marketing-ip-a-closer-look/#comments</comments>
		<pubDate>Sat, 29 May 2010 01:15:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Brand]]></category>
		<category><![CDATA[Business Success]]></category>
		<category><![CDATA[Competitive Advantage]]></category>
		<category><![CDATA[Intellectual Property]]></category>
		<category><![CDATA[IP]]></category>
		<category><![CDATA[Risk Management]]></category>

		<guid isPermaLink="false">http://www.fatoomsh.com/?p=39</guid>
		<description><![CDATA[Marketing IP is the first building block of Competitive Advantage and Business Success.
Most of us in business see the brand only via its physical or visual manifestation (VM) as in name, logo and tag line.
However the power of the brand is more than the VM, just as the role of Intellectual Property (IP) is more [...]]]></description>
			<content:encoded><![CDATA[<p><em><strong>Marketing IP is the first building block of Competitive Advantage and Business Success.</strong></em></p>
<p>Most of us in business see the brand only via its physical or visual manifestation (VM) as in name, logo and tag line.</p>
<p>However the power of the brand is more than the VM, just as the role of Intellectual Property (IP) is more than just trademarks and patents.</p>
<p>Although IP and Brand issues are usually thought of as completely different– we should think of them as similar. Both are often design or graphic related, both have significant existing and emerging governance<br />
issues, they are both part of risk management, but the problem lies in the Marketing function not contributing to a company’s strategic risk assessment and governance program.</p>
<p>In Marketing terms IP is much more than just graphics, and business success is only achieved through successful marketing (the full 4 P’s) – yet as a discipline, Marketing is often discounted in its importance or needs when compared to legals and finance i.e. when it comes to the “serious” management disciplines and governance.</p>
<p>We have all heard of the premise in business &#8211; that 8/10 companies fail within the first two years. We are also consistently reminded that it is the private sector, especially small business, that is the cornerstone of employment, growth and innovation in the economy. Surely then, any element that is crucial to this economic success has to be given more than a cursory glance.</p>
<p>Each business must strive for a break or position in the market that will deliver them revenue and profit. Aiming for that little point of difference, each will endeavour to design and create unique offerings, ways of working, delivery methods, better or new products, streamline processes, look to technology, geography, distribution, language and culture – anything that can provide an edge.</p>
<p>This drive for any “uniqueness”, and its subsequent application by the company into the marketplace provides revenue opportunities that otherwise would not exist. In Marketing, it is the two (2) elements of: 1. The actual process of finding and developing “uniqueness”, combined with 2. The resulting unique elements themselves, which form the basis of potentially all the USP’s and Competitive Advantages (CA) of the business.</p>
<p>This new “advantage” or CA is what delivers each company more money, or at the very least allows them to stay in business. It is also this same revenue generating “uniqueness or CA”, which by its very nature is a company’s IP, the same IP that we patent or trademark in order to protect and control its use (or non use).</p>
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		<title>Start-Up Businesses &#8211; The Importance of Customer Loyalty: Part 2</title>
		<link>http://www.fatoomsh.com/articles/start-up-businesses-the-importance-of-customer-loyalty-part-2/</link>
		<comments>http://www.fatoomsh.com/articles/start-up-businesses-the-importance-of-customer-loyalty-part-2/#comments</comments>
		<pubDate>Sat, 15 May 2010 02:10:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Business Start Ups]]></category>
		<category><![CDATA[Business Success]]></category>
		<category><![CDATA[Customer Loyalty]]></category>

		<guid isPermaLink="false">http://www.fatoomsh.com/?p=70</guid>
		<description><![CDATA[So you want to reward your existing customers, but how do you go about it?
You could go for the obvious one and give discounts on future purchases – but loyalty is very rarely just about money. People who shop for the cheapest price are not loyal to you – they are loyal to the cheapest [...]]]></description>
			<content:encoded><![CDATA[<p>So you want to reward your existing customers, but how do you go about it?</p>
<p>You could go for the obvious one and give discounts on future purchases – but loyalty is very rarely just about money. People who shop for the cheapest price are not loyal to you – they are loyal to the cheapest deal and will move from supplier to supplier to get it. Before you jump in to a loyalty program – make sure you consider all the factors.</p>
<p>Customer loyalty is very subjective. To have a good loyalty system you need a variety of strategies that will suit different types of customers – depending on what their current and potential value is to you, referral value and their motivators.</p>
<p><strong>1. Information is king &#8211; </strong>Haven’t you found a time when you keep going back to the same supplier because they know your history – and going to someone new would involve the hassle of filling them in and providing them with all your documentation all over again?</p>
<p>Knowing your customer can be one of the best loyalty programs you will ever invest in.</p>
<p>But once you get to a certain number of customers, it is easy to forget what they spoke to you about last, or what their partners’ name was. The key is for you to be able to show the customers that you know them better than the competition and that you will deliver better service. This perception can easily be destroyed if you can’t recall details about your past relationship / conversations.</p>
<p>But we aren’t super heroes – we can only remember so much, so keeping up to date and accurate records of conversations, interests, partner names, services/products used in the past and ones they have expressed an interest in for the future.</p>
<p>Depending on the size of your business, this can be done with a spreadsheet, small database or a Customer Relationship Management (CRM) system.</p>
<p><strong>2. Have loyalty programs that address your customer’s motivators &#8211; </strong>For example – if your customer is only interested in money, the loyalty program will need to be dollar related. If your customer is interested in feeling valued, your loyalty program should be able to meet that need.</p>
<p><strong>3. Make sure your loyalty programs are not defeating the purpose &#8211; </strong>Having loyalty programs is great – but at the end of the day, loyalty programs are about profitability – so ensure your loyalty programs aren’t costing you more than you are making by keeping that customer. You may need some loyalty strategies that are low cost, and some that are a higher cost for more profitable customer segments.</p>
<p><strong>4. Value your service &#8211; </strong>Finally – remember that you are offering a valuable product / service. You don’t need to “bribe” your customers to talk to you or to use your services again. That kind of relationship only ever ends up one way – the customer will go with whoever is offering the “biggest incentive”.</p>
<p>Loyalty programs target genuine customers with the aim of showing your appreciation of their continued support and to reinforce the fact that they are a valued and important part of your business.</p>
<p>Rewarding customers will secure you repeat business and ensure they feel they are getting a return for their continued support.</p>
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		<title>Start-Up Businesses &#8211; The Importance of Customer Loyalty: Part 1</title>
		<link>http://www.fatoomsh.com/articles/start-up-businesses-the-importance-of-customer-loyalty-part-1/</link>
		<comments>http://www.fatoomsh.com/articles/start-up-businesses-the-importance-of-customer-loyalty-part-1/#comments</comments>
		<pubDate>Fri, 14 May 2010 02:05:45 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Business Start Ups]]></category>
		<category><![CDATA[Business Success]]></category>
		<category><![CDATA[Customer Loyalty]]></category>

		<guid isPermaLink="false">http://www.fatoomsh.com/?p=67</guid>
		<description><![CDATA[It happens to everyone. Once you have a customer, your attention shifts to how you are going to get more of them.
You have built a personal and strong relationship with the small number of customers that you do have partly because you have plenty of time to dedicate to them… what you are short on [...]]]></description>
			<content:encoded><![CDATA[<p>It happens to everyone. Once you have a customer, your attention shifts to how you are going to get more of them.</p>
<p>You have built a personal and strong relationship with the small number of customers that you do have partly because you have plenty of time to dedicate to them… what you are short on is more customers.</p>
<p>But more customers mean you have less time for each of them, and the important task of maintaining those relationships slowly shifts to the back seat. After all, it is a necessity to get new customers if you are going to build a sustainable business. But some people are getting it right. One particular consultant has had the same base of customers for over 15 years, and has never had to promote themselves. This scenario is not always possible in every industry, but it shows the potential for loyalty to contribute to your business.</p>
<p>When you look at it objectively – it is a pretty simple concept:</p>
<ul>
<li>New customers cost more money. First you have to find them, then you need to promote to them which can involve advertising, non-chargeable sales visits and collateral (e.g. brochures).</li>
<li>Keeping existing customers costs a lot less – mostly a bit of time (which you would have to spend on new customers anyway).</li>
</ul>
<p>So – if you spend excessive time gathering new customers at the expense of your existing client base, you could end up losing some loyal customers. You can start to see how the indirect and hidden costs start to mount up.</p>
<p>And of course getting those previous customers back is near impossible.</p>
<p>Further, if you look after your existing customers in the right way, it can also mean:</p>
<ul>
<li>Referrals – if the customer loves what you do for them, they will recommend you to their peers</li>
<li>Testimonials – many new customers will judge you by what your existing customers think of you. Testimonials are a great tool to use on collateral.</li>
<li>More work – if they like what you are doing for them, they will be more encouraged to use you for other parts of their business. Remember that as you maintain your relationship, your customer is growing, and their needs will grow and change.</li>
</ul>
<p>So when you are looking at your business processes and the amount of time dedicated to each function, make sure you take into account the importance of keeping those existing relationships.</p>
<p><a href="http://www.fatoomsh.com/articles/start-up-businesses-the-importance-of-customer-loyalty-part-2/">Click Here To Read Start-Up Businesses &#8211; The Importance of Customer Loyalty: Part 2</a></p>
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		<title>Marketing Plan</title>
		<link>http://www.fatoomsh.com/articles/marketing-plan/</link>
		<comments>http://www.fatoomsh.com/articles/marketing-plan/#comments</comments>
		<pubDate>Mon, 03 May 2010 08:50:06 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Marketing Plan]]></category>
		<category><![CDATA[Strategic Planning]]></category>

		<guid isPermaLink="false">http://www.fatoomsh.com/?p=55</guid>
		<description><![CDATA[“Making the turkeys look forward to Christmas” is the key to marketing. But to do that requires an understanding of what “turkeys” want and how to position “Christmas” as cool &#8211; or “hot” as the case may be!

The Marketing Plan is the mirror on your business. It looks at all things good and all things [...]]]></description>
			<content:encoded><![CDATA[<p>“Making the turkeys look forward to Christmas” is the key to marketing. But to do that requires an understanding of what “turkeys” want and how to position “Christmas” as cool &#8211; or “hot” as the case may be!<br />
</br><br />
The Marketing Plan is the mirror on your business. It looks at all things good and all things bad. Having “bad” things is ok, and having good things is even gooderer because you know the strengths, weaknesses and opportunities of your business.<br />
</br><br />
<strong>Your minimum Marketing Plan should cover the Fa’toomsh 10 Points of Market Reason™:</strong><br />
</br><br />
1. The things you do and sell and how much of this was sold last year? Is this good or bad?<br />
</br><br />
2. Why did point 1 happen?<br />
</br><br />
3. Competitors – What do they do, prices, Strengths, Weaknesses, Opportunities, Threats<br />
</br><br />
4. Your strengths, weaknesses, opportunities, threats<br />
</br><br />
5. Business Goals – what does the business need to achieve, where is it going, aims, benchmarks etc<br />
</br><br />
6. Critical Success Factors for achieving 5.<br />
</br><br />
7. What does this (5&amp;6) mean from a marketing stand point, what does marketing have to do to make this happen?<br />
</br><br />
8. Strategies, Tactics and Budget to achieve 5, 6 and 7<br />
</br><br />
9. Will the tactics and budgets in 8 actually meet/achieve the goals or benchmarks in 5, 6 and 7<br />
</br><br />
10. Who is going to do this work, do they have the skills, time, budget and motivation? What needs to be done internally and what can be outsourced?<br />
</br><br />
Marketing Plans should be taken seriously and are not designed to be a 3-page document. If you weighed up the revenue of your business over the next three years, you need to ask yourself “what time and money am I prepared to spend on this Marketing Plan in order to protect $X revenue”? A few moons ago I read a book on Marketing and marketing plans. The author said something like this…<br />
</br><br />
“There are two types of marketing plans –<br />
</br><br />
a) the quick and easy plan on Page 5<br />
</br><br />
b) the normal plan on Page 8.”<br />
</br><br />
When I turned to page 5 the book said, “seek a good insolvency accountant now!”</p>
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		<title>Low Cost Promotions</title>
		<link>http://www.fatoomsh.com/articles/low-cost-promotions/</link>
		<comments>http://www.fatoomsh.com/articles/low-cost-promotions/#comments</comments>
		<pubDate>Thu, 22 Apr 2010 00:12:42 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Marketing Communication]]></category>
		<category><![CDATA[Marketing Promotions]]></category>

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		<description><![CDATA[Low cost does not mean low quality and no strategy. It can in fact be the opposite – high quality, highly targeted and coming from great strategy.
Every promotion should have a set of objectives behind it. There are obvious low cost and high value ideas that can make you look bigger than what you are. [...]]]></description>
			<content:encoded><![CDATA[<p>Low cost does not mean low quality and no strategy. It can in fact be the opposite – high quality, highly targeted and coming from great strategy.</p>
<p>Every promotion should have a set of objectives behind it. There are obvious low cost and high value ideas that can make you look bigger than what you are. If you are a small business or start up, then “punching above your weight” has to be one of your objectives.</p>
<p>Here are some easy concepts:</p>
<ul>
<li>Business Cards – do not get them printed at the airport! It is peoples’ first and lasting impression.</li>
<li>Clothes, Uniform, Attire – look the part. “Keeping your clothes well pressed will keep you from looking hard pressed.” – Coleman Cox</li>
<li>Tag Lines – be specific, be witty, be concise, but be able to explain what you do.</li>
<li>Elevator Speech – what is your 11- second description of your business and grand plan? Get one and have everyone remember it and repeat it.</li>
<li>Phone Numbers – why do some companies make it so expensive for clients to give them money? Why not think of other solutions to just a mobile number?</li>
<li>Voicemail and Answering Services – never leave a call unanswered, use call diversion, answering services, voicemail or answering machines, but do not turn away opportunity. It is a fact – not everyone rings back!</li>
<li>Postcards – quick fun and cheap.</li>
<li>Street Posters – check out where your target markets hang out or go shopping. Is there space available for a nice poster?</li>
<li>W.O.M (Word of Mouth) – the best referral.</li>
<li>Referral – promote from within by offering rewards through that are both product related and financial.</li>
</ul>
<p>Low cost can be fun too!</p>
<ul>
<li>Kids – people (usually) love kids. Get some cool transfers and have kids walk around at a conference, exhibition or tourist area with your logo on their forehead.</li>
<li>Deliver a surprise lunch to some of your key potential clients and watch how fast that door opens!</li>
</ul>
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		<title>Business Start-Ups</title>
		<link>http://www.fatoomsh.com/articles/business-start-ups/</link>
		<comments>http://www.fatoomsh.com/articles/business-start-ups/#comments</comments>
		<pubDate>Sat, 17 Apr 2010 22:57:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Business Growth]]></category>
		<category><![CDATA[Business Start Ups]]></category>

		<guid isPermaLink="false">http://www.fatoomsh.com/?p=63</guid>
		<description><![CDATA[The phrase “start-up” should be viewed not as the beginning of the business. Businesses start in peoples’ mind sometimes years before pen goes to paper. There is always a gap before things start to happen and realistically even after you begin you could be technically in “start-up” for the fi rst three years.
To get you [...]]]></description>
			<content:encoded><![CDATA[<p>The phrase “start-up” should be viewed not as the beginning of the business. Businesses start in peoples’ mind sometimes years before pen goes to paper. There is always a gap before things start to happen and realistically even after you begin you could be technically in “start-up” for the fi rst three years.</p>
<p>To get you through the “start-up” phase quicker and into growth, revenue and sustainability takes 5 key things.<br />
</br><br />
They are the <strong>Fa’toomsh 5 for Start-Ups™</strong>.<br />
</br><br />
1) <strong>Product – </strong>A good or great product or service makes it a lot easier to get through the startup phase<br />
</br><br />
2) <strong>People – </strong>Committed, experienced, fl exible, creative and patient people will be critical in getting the business going and staying the course when things get tough<br />
</br><br />
3) <strong>Budget – </strong>There are three budgets you need to cover off: $Dollars$, Time, Resources<br />
</br><br />
4) <strong>Message – </strong>A clear and motivating message will cut through the advertising clutter and bring to your Brand a position of strength<br />
</br><br />
5) <strong>Knowledge – </strong>Effective and accurate Planning and Reporting is required at the beginning of your business and should be an ongoing priority.<br />
</br><br />
The more of the Fa’toomsh 5 for Start-Ups™ you have, the quicker the move from start up business to “good business”. All of the standard business problems and barriers can be overcome with changes to the mix above. The top 3 are game breakers – without which there is no business at all.</p>
<p>Create opportunities to seek external advice and external services that will fi ll resource and knowledge gaps but also provide an environment where you can test the robustness of your model/ concept or new business.</p>
<p>Remember, as the business grows the rate of movement away from the initial concept or dream is directly proportionate to the rate of increasing staff members and the decrease in time from founders in areas such as induction, reward and recognition, meetings with staff and internal communications.</p>
<p>Finally, as Kenny Rogers once said:<br />
</br><br />
<strong>“You’ve got to know when to hold ‘em, know when to fold ’em…”</strong></p>
<p>You have to set in place review dates and a timeframe for reaching certain benchmarks. This includes the “drop dead date” &#8211; the date when you pull the plug and walk away, head held high because you have done and tried everything, and it’s just not “right” anymore.</p>
<p>Without this date you are not acknowledging inevitability – nothing lasts forever.</p>
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