Tuesday, December 22, 2009

It's Not an Overnight Thang

We are creatures of immediacy. Our world today has been intricately developed to cater to our incessant desires of “NOW MATTERS”! The less time we spend somewhere and the quicker we can receive the service or product, the more satisfied we become. UPS and FedEx can deliver a package practically to any point in the world overnight. We can purchase almost anything we want without ever taking a step outside of our home; scratch that, you can purchase anything you want in the world, anywhere you are in the world, as long as you have an internet connection or a smart-phone. When using your credit card, you no longer have to sign for some purchases. The fact is, we are evolving with an infrastructure that serves and conditions our expectation of instantaneous return. While this is rewarding as consumers, this concept and expectation becomes problematic for business owners.

For business owners or entrepreneurs this concept of immediacy is in direct conflict with the reality of growing and nurturing a model that realizes return over a period of time, which may not be aligned with our conditioned expectations. This is problematic within a majority of circumstances in the business world, and we have to ensure that our strategic plan does not integrate objectives and goals that are unrealistic in relation to the timeline.

At the highest level, your planning should consist of short and long-term objectives and goals. This categorization should provide a means in simplifying your expectations for your tactical initiatives. Furthermore, it provides you the ruler to measure your progress and helps to calibrate your expectations and minimize the tendency to react to situations which were previously perceived as a threat.

Within each short and long-term objective, ensure that each is practical and achievable. With marketing activities, it is essential for a small-business to consider budget and resources. A simple evaluation of activities in regards to impact and ease-of-implementation is beneficial, as it provides a process to prioritize your marketing. Practical and achievable, this will set the tone of your expectations.

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