Small Company Marketing Consultants – Why You Need One And How To Select One

Having spent many years working with small and midsized B2B and B2C organizations on their marketing and marketing communications strategies and plans, I believe I’ve got a good sense of the issues facing them. Generally, at the top of the list, is the lack of a real marketing plan. How is it possible that something so basic is missing? My conclusion is that, despite possessing the skill sets that drive their organization’s success, founders and/or management simply do not have:

Time to think about marketing at all, because there is always something “more important or urgent” that needs their attention;

A real understanding of the power of marketing and how it can significantly improve profits and return on investment (ROI);

The resources, budgets and people available – marketing and marketing communications is “unfamiliar and scary”, and there are always other areas that need support first;

The knowledge of how to seek out and evaluate professional marketing help.
These are concerns regardless of the type of organization – start up, early stage or established companies, and even nonprofits for that matter. And, without real planning upfront, many brands are operating with a “Ready, Fire, Aim” reaction to the marketplace.What Will Hiring A Marketing Or Marketing Communications Professional Do For You?In order to accomplish short and long-term objectives you need to develop a meaningful marketing strategy and an integrated marketing communications plan and tactics. At its core, having a professional marketing program will improve a brand’s profitability and ROI. This task is often outsourced, frequently with a part-time Chief Marketing Officer.The process starts with the outside consultant learning about the brand – its strengths and weaknesses, competition, distribution, business plan objectives, existing communication materials, employee involvement. During this learning period, the consultant also avails himself of any pertinent primary or secondary research. Most important, this period is also the time for establishing trust between the organization and the consultant.While some tasks may be completed directly during this learning period, an outside professional would use this knowledge to prepare:1. A marketing and marketing communications strategy, along with a positioning statement. The positioning statement is a succinct description of the core target audience to whom the brand is directed, and a compelling picture of how the marketer wants the audience to view the brand.Sound simple? Take a minute and answer these four questions about your brand:

The target audience, in very specific detail?

The category in which the brand competes, and its relevance to customers?

The brand’s benefit and point of difference?

A reason for the customer to believe – the most compelling proof?
The positioning statement is the credo for the brand to live by. All marketing and marketing communications should flow from this positioning and be understood by all employees, agents, partners and management.2. An integrated and holistic plan with tactical expressions – media programs; creative executions, including new and/or traditional advertising; public relations; content marketing (social media, articles, blogs, white papers, video); packaging; point of purchase; employee engagement; and, events.The use of internal or external staff to create the above will be directed and evaluated by the consultant or, if necessary, specialists may be recommended.3. Recommendations for primary or secondary research when clear cut answers don’t exist on specific subjects. Marketing depends on a complete understanding of the customers’ “wants and needs” as well as how they relate to your brand and competition. Not just what your staff thinks; rather, information. Facts beat opinion every time.4. A procedure of measurement and evaluation of the objectives of the agreed upon plan, as well as the established objectives to be accomplished with each target audience and marketing communication task. Benchmarking and on-going analysis is key to successful marketing programs, allowing for change or refinement as you proceed.5. A format for informing and discussing the reasoning behind the marketing planning, so that everyone in the organization understands why the specific strategies, plans and tactics were developed and implemented. The consultant becomes a “teacher” and the entire organization becomes brand advocates.Marketing consultants have increasingly become members of the C-Suite because of today’s turbulent and rapidly changing environment.What Talents Should A Marketing Consultant Have?Look for a consultant, full or part-time, who is:1. Willing to learn your business from the ground up and doesn’t have a “one size fits all” mentality;2. An established professional, with extensive experience across industries and brands in B2B, B2C and nonprofit organizations, large and small. Expand your horizons and don’t settle for experience in only your niche or industry;3. Media neutral and willing to embrace analytics to develop a variety of programs as well as to measure them. In today’s complicated marketplace, a consultant must understand new and traditional media, the difference between efficiency and effectiveness, “likes” vs. “sales”, the dangers of digital ad fraud, etc., etc.;4. Apolitical and willing to tell it like it is, so candor will flourish in your relationship. Having your consultant free to demonstrate the discipline of marketing and marketing communications will build trust and a meaningful partnership;5. Has an established network of marketing communications specialists who can be called in to provide solutions when necessary.The marketing and marketing communications strategic and tactical challenges of today are growing exponentially. But, as with our uncertain economic and political environment, putting your head in the sand isn’t a viable response. As Will Rogers said, “Even if you’re on the right track, you’ll get run over if you just sit there.”

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Home Based Business Tax Benefits: The Top 5

Did you know owning a home based business has considerable tax benefits? The idea that only the rich have access to tax benefits is a myth!The first step is to own a home based business and run it with the intention to make a profit. The important word there is “intention”. You don’t really have to make a profit to take advantage of these benefits. Now, you can begin a home based business for little cost and can run it part-time from your home while having a full-time job.In time, and with some effort on your part, you will be able to leave your day job and work from your home full-time and take advantage of all of the benefits a home based business has. The best part is you can take advantage of the home based business tax benefits as soon as you start your new business!Owning a home based business allows you to deduct some personal expenses you wouldn’t usually be able to deduct. These things include but are not limited to: dining out, a new computer for the office, dental and medical expenses, and some vacation related expenses. The money you can deduct for operating a home based business is not insignificant and can amount to well over ten thousand dollars.Here are the top five deductible expenses for Home Based Businesses: 1. Vehicle DeductionThis IS the most complicated home based business tax benefit you get. It is also where most people get into trouble with the IRS because they didn’t correctly document their vehicle related deductions. If you are going to use vehicle deductions, I can not stress enough that you MUST document everything properly. Keeping a diary or travel log to track mileage, maintenance costs, etc. will save you time and many headaches.How does the vehicle deduction work? Basically, you determine how much of the time you use your vehicle for your home based business as a percentage. You are then permitted to take that percentage of time and apply to the cost of operating your vehicle. For instance, if you use your vehicle 60 percent of the time for your home based business, you are permitted to deduct 60 percent of the costs of operating the vehicle.2. Meals and Entertainment DeductionFirst things first, in order to take advantage of this tax benefit, you must have proper documentation. This primarily means you need to save your receipts and record who you spoke to about your home business. Normally, you will be able to deduct up to 50 percent of the cost, but make sure you check beforehand.As long as it is related to your home based business and document the costs properly, you can also deduct up to 100 percent of the expenses of entertaining people in your home. You may come to realize the tax benefits are much greater if you entertain in your home instead of taking someone to your favorite restaurant.3. Home Office DeductionThis one of the more intricate home based business tax benefits, but it has the potential to save you thousands of dollars every year you own your business.To claim the home office deduction:1. You must render significant administrative or management activities for your business out of your home. For example, you do your paperwork, make calls, do your training, and perform other business functions out of a set area in your home.
2. You have no other office where you conduct significant management or administrative activities for your business.
3. You must use a specific part of your home exclusively for business. It doesn’t need to be an entire room though. A particular section will do.
4. You must use this designated section regularly for at least 45 minutes a day, four or more days a week. The work hours must not be occasional or sudden.What can you deduct? You are permitted to deduct part of your home, utilities, and part of the interest and taxes you pay that are related to owning your home. You can also deduct office supplies like new computers, printers, phones and furniture used for your home business.4. Travel DeductionDid you know the Internal Revenue Code (Section 162) allows you to deduct “traveling expenses…while away from home in pursuit of a trade or business…”? As the owner of a home based business, you can visit family and friends all over the world and deduct some of the expenses associated with the trip. You just have to make sure at least half of the days of your trip are “business days”. Essentially, as long as you plan ahead and document properly, you can deduct a lot of the costs associated with traveling and vacationing… Every year. How is that for a home based business tax benefit?5. Medical Expenses DeductionIn order to take advantage of this home based business tax benefit and, you will need to employ your spouse and cover them with a comprehensive family medical plan. This allows you to deduct all of the costs associated with the your family’s medical expenses. But, there two important requirements in order to take advantage of this deduction.The first is you must have proof your spouse has done actual work for your home based business. The second is you must establish a legal document called a “Self Insured Medical Reimbursement Plan.” Do a search on that phrase in Google to see what that entails. It’s pretty straight forward.That’s it. Utilizing these five strategies correctly will allow you to take full advantage of your Home Based Business Tax Benefits and can save you thousands of dollars every year. The best part is they are completely legal and ethical!If you are not sure how to do anything mentioned in this article or have any other questions, please consult a tax professional. Do not assume what you are doing is correct until you speak with a tax professional.

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BBM Travel

Be by myself (BBM) travel is a style of business travel that allows an individual to be alone for a short period of time to focus on productivity, to give a certain project a or decision-making process a boost.

Many of us, in our daily lives, struggle to find the right balance. With all the distractions that normal life holds, important personal projects can easily be pushed to the side or given less attention than they need or deserve.

This is where BBM travel comes in, BBM travel allows you time to give all of your attention to your project, be it writing a book, developing a website, creating a business plan or having a strategic thinking session.

When considering BBM travel, think about what you personally need to create a perfect environment conducive to helping you to complete your project. What are the priorities for you? Consider the following:

Travel, it is recommended to travel by plane. Avoid long travels because it is a waste of time to travels for hours to get peace of mind. Two to three hours flight is more than enough. Avoid travelling by car when you have a lot of thinking to do it is a waste of powerful thinking time a very dangerous to undertake.

Accommodation is another very important aspect of the success of your BBM travel.

Things to consider in your selection of accommodation would be:
• Wifi, a FREE internet connection is crucial for the success of your BBM travel experience.
• Quiet, a comfortable and quite accommodation is ideal for your thinking session
• Inexpensive (Budget Hotels), since you don’t want to spend a lot of money just to think
• Good Friendly house keeping because will be spending a lot of time in your room and will need refreshing it at odd hours
• Room Service, you might be working during strange hours and you will need a hotel that has 24/7 room service.
• Swimming Pool and Gym because you will need the exercise and workout to makeup for the log working hours.
• Business Center a full-blown business center is required since you might need typing, transcribing or copying and binding services.
• After hours entertainment disco, nightclub or rich bar to blow your mind off after long hours of work.

In order to make your BBM trip as productive as possible, it is important to consider the perfect working situation for you. It needs to be one that allows you to fully focus and this is different for every individual. The best advice is to write a list of what this entails so you understand your needs and can plan the BBM travel trip that suits you.

With a growing number of hotels and resorts set up to cater to BBM business travel it is easier than ever to find the perfect location to suit your needs. It is only left up to you to plan your day / night working hours for a perfect result and return on your BBM travel. Here is a sample work plan for your to consider. You can add or move and delete whatever does not sit you or your plan.

• Wake up (preferably early morning)
• Exercise or Walk or do some jogging and then shower
• Have a GOOD Breakfast
• Spend time on your project
• Do not stop if things are going OK with you

If things are started to be slow or you feel you are unproductive take a break ( good time to call house keeping to clean your room)

Have a meal when you are REALLY hungry if things are going fine with you, stop for a meal only if you feel you are not being productive. A good time for a break

Come back to resume productive work till early evening

Avoid going out of the hotel and try to use hotel entertainment facilities

In the night session you can enjoy a break and sleep to wake up early or continue work to a late hour and wake up late.

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