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Magazine Contents

Cover Story
• Setting The Stage In
A Changing Real Estate Market:

By Kamil Z. Skawinski


Contents
• A Staging Business From
A Stager's Perspective
By Kamil Z. Skawinski

• What Not to Name Your Product

By Mark C. Jacobs

• Doing The Dream

By Michelle Gamble-Risley

• Making Money in Real Estate

By Bernard Bunning

• Webscams

By Ed Lamaster

• Ask Dr. Dollar Sign

By Joe Lavin
• Product Watch 

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Doing the Dream
By: Michelle Gamble-Risley
BE Your Own Boss
As you know from my last column, I recently made the leap into starting my own company. As I went to bed the night before I started working for myself, the first thing that went through my mind was I didn't have to get up at 5:30 a.m. - something I had done for more than 20 years. I realized I am my own boss. . . Yes, I am my own boss. Oh my goodness! What did that mean? It meant applying a generous heap of self-discipline.

If you're considering starting your own business, don't go along with the mindset that it will be a protracted vacation. People who think being the boss means starting work at 11:00 a.m., lunching from 12:00 p.m. to 2:30 a.m., and ending at 4:00 p.m. won't find much success. And don't let your friends and family chime in with jealous comments about your supposed vacation either. Plenty of your working class buddies will look at you with envy and automatically assume your new workday consists of eating BBQ chips in front of the television and watching Dr. Phil or Oprah. Don't feel bad about correcting them – and you should correct them with the truth. You have self-discipline, and the attraction to sit idle in front of the television doesn't appeal to you.

So what does this really mean: Don't try and start your own business if you are, in fact, attracted to the idea of doing nothing. The truth is it's really, really easy to sit and watch Days of Our Lives. It's easy to feel tired and take a nap – especially if your bed is less than two feet away from your desk. It's easy to get up and wander around the house playing with your two-year-old and her Little People. Are you now wondering if I've done these things? No, but it would be really fun to do them.

Starting your own business means in the beginning making less money (maybe even losing money) and spending more time than ever before working at it. My husband has worked for himself for years and I can't tell you how many evenings he has rushed off to service calls or how many weekends he has spent without his family at some strange office site. While his employees go home promptly at 5:00 p.m. he often comes in around 8:00 p.m.

In the beginning, not only will you produce the product or perform the service, you will also keep the pipeline full with potential new business, maintain your own books, and do your own billing. You won't have the luxury of juniors to help you out. You will need to be organized and effective at everything you do.

SET CLEAR BOUNDARIES
First, if you have a home-based business, set clear boundaries. When you're working; you're not playing; you're not picking up dry cleaning for your spouse at Dry Cleaning Today; you're not making hair appointments at Amici's; and you're not going to the Galleria to shop. And most importantly, make sure your family understands those boundaries. If you start work at 8:00 a.m. and get off at 4:00 p.m., then that's your schedule. Tell your family that is when you're working. If your husband wants you to do his errand at Home Depot, tell him you'll do it after work. If your baby cries and demands Mommy, ask your babysitter to comfort the baby, you're working (well, I have to admit I've comforted my daughter a few times).

Make sure you tell your clients your regular work hours – because there is nothing worse than a client who calls in your off-hours, and you can't service them because you're holding the crying baby who demands her oatmeal while your client demands his article. Or my favorite… the East Coast client who calls at 6:00 a.m., and you answer the phone in a hoarse, sleepy voice, and your client feels embarrassed to wake you.

THINK BIG, THINK PROFESSIONALLY
Make sure you always look professional in everything you do. Create a first-rate marketing campaign by using professional services. I beg of you, don't try and slap together a clip-art flyer and paste it in e-mail. If you think small, you look small – and worse, unprofessional. If you write your own copy, spell check is not your savior (repeat that phrase out loud three times). Have a fresh set of eyes proofread your materials. Believe me, someone out there will notice your missing comma or the wrong use of a common word like "premier" versus "premiere" (they mean different things). Better yet, forget trying to do it yourself. Hire a professional writer or an agency. Freelance writers charge between $40 and $75 for proofing services. It might cost you a $100 or so, but it's worth it not to look bad in the eyes of your prospective clients.

HIRE A PROFESSIONAL MARKETING FIRM
If you have a larger budget, I encourage you to hire a professional marketing and public relations firm. Keeping your pipeline full will be the key to your ongoing success, and first-rate marketing materials help sell your company and services. Professional marketers understand what goes into your branding and positioning campaign. In order to establish basic materials – logos, brochures, business cards, postcards, you can expect to pay between $3,000 and $5,000 if you don't hire a big agency. Smaller marketing consultants don't have the same overhead expenses and salaries as the big agencies. When I write brochures I charge $50 and hour for 30 to 40 hours. This includes brainstorming with the client, suggestions for positioning and branding, and writing up to two drafts of the brochure.

CREATE A WEB SITE
These days Web sites play a very important role in marketing your company. Many people go to the Web to check your legitimacy and stability as well as to preview your company's services and products. Again, thinking small and looking small make you look insignificant, and that's damaging in a media where people have come to expect a pulled-together image. One advantage of creating your logo and brochure first means you can cross-pollinate your Web site for a small fee to create Web content. You can get good web design by checking other local businesses' web sites, by checking advertisements, and by asking contacts for references. Ask to see a designer's portfolio and references, and remember it's your business, not the designer's artwork that needs to be noticed!

WRITE AN INTRODUCTORY LETTER
If you have no budget at all for marketing then at least make sure you write a solid letter of introduction on quality letterhead. Once you start getting out and networking (we'll discuss networking in the next column), you should always follow up a conversation with an e-mail or standard letter. You just want to remind folks about who you are and reinforce with them the message that you are the professional who can provide them what they need. Oh yes, don't forget to include your business card in your letter!

That is all for this month (Dr. Phil starts in 15 minutes . . . where are my chips?). Stay tuned for the next column where I'll talk about getting that first client and paycheck.

Writer Information
Written by Michelle Gamble-Risley
 
 
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