the radically nimble info-entrepreneur

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Our competitive landscape is changing beneath our feet. This session focuses on how new info-entrepreneurs can approach their business strategically and how long-time business owners can best adjust their strategic plan to take advantage of changes in the competitive landscape. Mary Ellen gives practical tools for making the kinds of strategic shifts that will keep you irreplaceable to your clients. This presentation was given at the annual conference of the Association of Independent Information Professionals on April 4, 2014.

TRANSCRIPT

Mary Ellen BatesBatesInfo.com

AIIP Annual ConferenceApril 4, 2014

The Radically NimbleInfo-Entrepreneur

5 Myths of Entrepreneurship

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Myth #1. I know what myclients want and

the value I provide

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Myth #1: I know my clients

Clients’ needs change

What was valuable 2 years agoisn’t now

Forget legacy clients; less corporateloyalty in 2014

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Myth #2. I can cut backon marketing now

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Myth #2: I don’t have to market

Your clients aren’t in a vacuum

You’re competing with “good enough”

Your message (and value) changes

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Myth #3. I’m a bonsai business;I don’t need to grow

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Myth #3: Bonsais don’t grow

The larger environment has changed

Even bonsais grow

Life requires growth

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Myth #4. I don’t have to stayleading-edge

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Myth #4: Forget cutting-edge

Someone else is...

Change your thinkingFrom “I’d like to, but” to “I’d like to, and”

Tutorials abound

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Myth #5. I’m just not goodat ....

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Myth #5: I’m just not good at ...

“I just haven’t learned how yet”

Always push your comfort zoneBe willing to fail

You can be scared speechless and stilltake action

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5 Questions For Entrepreneurs

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Question #1. How much has mybusiness changed in 3 years?

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Q #1: How have I changed?

Stagnation = pond scum

What more can I do now?

What can I let go of?

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Question #2. Is this moving mybusiness forward?

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Q #2: Am I moving forward?

Do I feel drawn to this?

If I keep doing this, will I achieve mygoals?

(Do I have tangible goals?)BatesInfo.com/store for eTools

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Question #3: What is keepingme from meeting my goals?

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Q #3: What’s holding me back?

Has the Imposter Syndrome struck?BatesInfo.com/imposter

How else can I look at this?

What can I change? What else?

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Question #4: How important ismy biggest client?

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Q #4: One major client?

Is any client responsible for >25% ofmy business?

One big client =

A diverse business =

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Question #5: How can I havemore fun?

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Q #5: Can I have more fun?

What could I do differently?

What has piqued my curiosity?

How can I move from “I have to” to “Ichoose to”?

You always have a choice

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5 Exercises For NimbleEntrepreneurs

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Exercise #1: Take a chance.

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Ex #1: Take a chance

S-T-R-E-T-C-H your comfort zone

Volunteer to speak, lead a group

Take on a visible responsibility

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Exercise #2: Createaccountabilities.

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Ex #2: Create accountabilities

“What gets measured improves”-Peter Drucker

Decide what success looks like for you

Create pre-commitmentsHire a coach, schedule a presentation, etc.

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Exercise #3: Say yes only whenyou mean it.

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Ex #3: Say YES and NO

Make every decision a clear yes or no

“No” is a complete sentence

“Yes” is a commitment to excel

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Exercise #4: Learn somethingnew every month.

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Ex #4: Learn something new

Collect your “I wonder if I can...?”wonderings

Pick one a month and invest 4 hoursin you

Yes, you can!32BatesInfo.com

Exercise #5: ID three new waysto attract clients.

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Ex #5: Attracting clients

Where are your clients now?

What do they tell you they need?BatesInfo.com/interview

What (more) can you give away?

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Here, it takes all therunning you can do, tokeep in the same place.

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ComingJune2014

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Contact Mary Ellen at:

+1 303 772 7095mbates@batesinfo.comTwitter: @mebs

Learn about Mary Ellen atBatesInfo.com/coaching andReluctant-entrepreneur.com

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