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A Supersized Outlook in a Shrinking Economy

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Being a small business owner can be a dream come true or your worst nightmare. Following your passion carries rich rewards as you realize that your service or product meets the need of a sector in society. Along with this measure of fulfillment, there are specific challenges that you encounter given your company size and finite resources. What follows are some “TAPP Tips” to help you navigate through the maze of small business ownership. First, let’s examine how to get moving in a more effective way.
 
Take the A Train
Attitude is everything for the entrepreneur. We do not have the luxury of team building activities to increase morale. We are the team and if we need a boost, it will have to come from us! Therefore, it is critical that we put the best “face” on every situation we encounter. If we walk away from the challenges of being a business owner with a sour disposition and mindset, ultimately our creativity will be compromised and productivity declines. How is it possible to remain upbeat when it appears that we have been “beat up?” Consider the following:
Sometimes You Win, Sometimes You Learn
I am convinced that the failures we experience are dress rehearsals for success! Nuggets of wisdom are often wrapped in a mishap or poor decision. For example, a little more than a year ago I agreed to make handmade invitations for a client. The time it took to place bows, fold cards, and print text for almost 100 units was a gargantuan task. I, however, completed the job in record time and was certain that the client would be more than pleased. After forwarding an e-mail to announce that the job had been completed, I received no response. Months later, the wonderful invitations became an eyesore as I realized that all of my work had been done in vain. I didn’t feel like a winner in the end, but I did learn something. Think about this:

Show Me The Money
After this experience I learned to never begin work on a project without a retainer and contract in place. In the days of yore, when a handshake was analogous to a legal document, contracts were not always needed. Today’s climate, however, dictates that intentions must be followed by tangible evidence – namely, a contract that is complete with a retainer clause and/or “kill fee.” While you may feel awkward about asking your would-be client for an upfront percentage of the total job cost, you will feel more awkward if you have to eat the entire cost of the job.
 
Closing Thoughts
Everyone is not meant to be an entrepreneur, but everyone is destined for success. Achievement for the Fortune 500s of the world will look very different than success for a start-up with limited human capital, dwindling funds, and production challenges. Learn to be positive, proactive, and protected. Success is just a day away – and tomorrow could be yours!
 
 
 
For more information on Communication on Tapp, visit www.communicationontapp.com or call 202-674-4394.
   Michele Tapp Roseman, principal of Communication On Tapp, is an award-winning journalist and media specialist with more than 20 years of industry experience. A sought-after subject matter expert in media relations and editorial strategies, she has garnered client press coverage in national and international media outlets such as : Al-Arabiya TV, Al-Jazeera TV, BBC News (British Broadcasting Corporation), CNN Spanish (CNN News) and the Washington Times.

Last modified on Wednesday, 29 July 2009 18:51

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