≡ Menu

Here is the last part of the Right-Brainers in Business Video Summit Q&A from the chat logs. Part 1 is here and Part 2 is here.

Q: How can you justify hiring people for things you’re not good at (e.g. accountant, etc) when you’re not really making money yet?
A: This can certainly feel like a chicken and egg situation. Here are a few ways to look at this. First, prioritize who you hire. Right out of the gate I chose to invest in an accountant because you can’t avoid taxes and I wanted to make sure they were getting done right. He also helped set up my Quickbooks. I didn’t hire a bookkeeper or virtual assistant until about three years into doing my business full-time, although, I could’ve probably invested in these services sooner. If you’re needing any legal assistance, hiring a lawyer is a good idea. I didn’t hire one until 2010, prior to that I made due with the less expensive LegalZoom.com and TMExpress.com. Also, realize that you do need to spend some money to make some money. For example, I hired Jeremie Miller to help with the webinar. It was an upfront cost, but I made that back and much more through doing the summit, and I couldn’t have done the summit without his expert involvement. So think of it as an investment if it’s toward something that can bring in a profit. If you need to hire someone but are short on funds, you can consider working with students, interns, or someone just getting started whose rates may be lower.

The next place to look is the statement about “not really making money yet.” Ask yourself what are some ways you can start bringing in money now, even if your business is brand new. If you know there’s someone you need to hire, set that amount (plus a little more) for an income goal. For example, when I knew I needed to hire a lawyer to help do some trademark work and agreements, I decided to run another e-course to help cover the costs.

Q: Do you and Kate Prentiss (your graphic designer) have a formal business agreement?
A: Yes, Kate and I create formal business agreements for our projects, typically a work for hire agreement (here’s an example of one) and a project estimate. For our first couple of projects we were a bit more casual, but now it’s helpful to be clear about expectations about deliverables, payments, ownership, etc. and to have it officially in writing. And we still make sure we keep lines of communication open if things are taking longer than anticipated.

Q: How do you balance working on your biz. with doing your own creative work? What is your daily schedule normally, Jenn? Your most creative time?
A: My business is a wonderful outlet for my creativity, so I feel like I get to express that in most of what I do. I’ve designed my work and my life to honor my creativity so I don’t necessarily feel like I have to balance between the two in that sense. For smaller, personal creative outlets, I enjoy taking pics on my iPhone, doing a doodle every know and then, and sometimes going to painting class.

In terms of my daily schedule, it actually varies day to day. You can read about my morning routine in Goddess Leonie’s How to be a Morning Goddess free Goddessfesto. During the late morning/afternoon I might coach, write, work on projects, or plan. I take breaks throughout the day. I’d say my most creative time is probably in the afternoon at about 3 or 4 and then sometimes in the very middle of the night. But then there are times I can be highly creative because I’ve just sat my butt down to do the work. And what helps with that is using the application Concentrate – it’s how I wrote my book!

Q: Do you do separate RBBP plans for different aspects of a business, like a book?
A: I have a Right-Brain Business Plan for my business and I did create separate pieces of an RBBP for my book because there were certain things like the business landscape and getting the word out that were more specific to the book. You can certainly do separate RBBPs for different aspects of your business. Instead of taking a deep dive on all of the sections, you might want to focus on the pieces of the plan that make the most sense. For example, the Business Landscape is a good exercise to do for different offerings to make sure you’re clear about what customer needs you’re meeting and how you can stand apart from your peers. You might have specific getting the word out and managing the moola goals, too.

 

Right-Brain Booster

“If I put on John Legend… then it immediately gets me in the groove.” – Pam Slim, author of Escape from Cubicle Nation

I loved this Right-Brain Booster that Pam Slim shared during her guest appearance at the Right-Brainers in Business Video Summit. She said she wrote her first book listening to John Legend’s record Evolver and she’s writing her second book to his latest Wake Up! Nothing like some good tunes to get your creativity flowing!

Here are some of my favorite songs that inspire me. And this post lists some of the groovy instrumental tunes I listened to while I wrote my book The Right-Brain Business Plan.

For Right-Brain Boosters on steroids, check out the multimedia library of interviews and discussions from the Right-Brainers in Business Video Summit.

Take one dose of Right-Brain Booster as needed to enhance your creative intuition.

Name: Andrea Stern
Company Name: Andrea Stern Designs
Website: www.embellishmentcafe.com/
Blog: http://andreasternart.blogspot.com/

Note from Jenn: Andrea participated in last month’s Right-Brainers in Business Video Summit and shared her bright and whimsical Right-Brain Business Plan on our Facebook fanpage. Here we get to a deeper look at her business, her RBBP, and her delightful  artwork. May her colorful creativity brighten up your week! (All photos courtesy of Andrea Stern.)

Business Plan Spotlight

What is your business and what makes your business unique?

My business is creating small works of art for the home and on the go.  My business models are Alabama Chanin, who employs local seamstresses to create detailed high-end clothing, and the textile designer Vera, whose goal was to make fine art affordable for everyone.  Ultimately I would like to increase employment in my region by providing good-paying jobs for local people, enabling those who need to stay home to care for children or ill or elderly relatives to be able to provide for their families.  For now, I am the only seamstress on the payroll, but I plan to grow the business to include these people.  What makes my business unique is my mission statement that “Fun is an attitude, not an age.”  My whimsical works can be enjoyed by people of all ages and in all walks of life.

How has the Right-Brain Business Plan™ helped you? What is different for you and your business after approaching planning in a creative, visual way?

The difference is between night and day.  I had to write a business plan several years ago in order to qualify for a grant for equipment for my business.  It was *so* hard.  I was caught up in the details and had a very difficult time seeing the big picture.  Between working with the book and participating in the online video summit, I was able to sit down and actually hone in on what I would like my business to be.  Hearing about how others made the process playful enabled me to lighten up and see what came out.  I was not so wrapped up in having to be perfect, and knew that things can be tweaked as the business grows.  The most important part is taking that first step.  This was a huge leap for me.  Also, having such a pretty visual to work with inspires me to work on the plan and the business.  It has helped with my belief in the possibilities.

What goals (big or small) on your business plan have you already accomplished or have made progress on?

I have been taking detailed notes on construction techniques as I work on my purses, in order to have a good training manual for my home workers. Following the recommendation in the book about researching your ideal customer, I looked at demographic information for the publications I believe my ideal customer would read.  I also have requested catalogs from companies which sell similar home decor items.  This enables me to see what already is on the market, what the price point for such goods are, and how to differentiate my work.  I also have made lists of equipment and software that would help make the business run more smoothly, and listed what sort of contracts I will need to hire an attorney for.

How do you use your creative intuition in your work?

I use what Martha Beck calls the “shackles on/shackles off” test when choosing what I am going to work on in any given time frame.  I have a master list of what I want to accomplish during the week, and I work on the tasks which fit the energy I am feeling at the time.  This goes against many people who advise to make a regular schedule and stick to it no matter what, but it is what works for me.  There are more than enough different tasks to be done, that I can make progress as long as I check in and see which task is the most “shackles off” at the time.

What’s your vision for your business?

I had an answer in the mind map phase, which included how I want the business to have a blog and how I want to feature the individual seamstresses and other artisans who help in the creation of the work on it.  I also wrote about how part of my plan is to have a large annual picnic or other celebration for everyone connected with the business, and how I also can see licensing the designs to other companies to reach even more customers.  Then my husband pointed out that in accounting, the vision is the overall raison d’etre of the business, while what I was mind mapping was the strategies of how to get there.  I am not sure which is the “right” answer for this, but my overall vision for this business is for it to be fun for everyone involved in the process, from the designers to the makers to the end users.  “Fun is an attitude, not an age.”

What advice do you have for other creative entrepreneurs?

What you love is where the juice is.  Every successful piece of artwork that I have ever put out into the world has been the one where I followed my heart instead of what  I “should” make.  As an example, I spent years trying to create a “Quilt National quilt”, and years receiving rejection notices.  The year I made what I truly loved, and wasn’t attached to it being a “Quilt National quilt” was the year that I finally received that acceptance letter.  If you’re going to spend the time creating something, whether it is a piece of artwork, a novel, or a business, you may as well create what you love.

Is there anything you’d like to share about your Right-Brain Business Plan in terms of what it’s made out of or how you made it?

I really wanted my initial plan to be something that was bright, colorful, and most importantly, portable.  Like so many of us, I have other daily responsibilities which can take precedent over a business which is still in its infancy.  I keep an art journal, and make many, many lists in it, and try to capture as many ideas as I can, but, as the saying goes, “out of sight, out of mind.”  I wanted to keep the momentum going from the process of doing the exercises in the book and creating the plan.

I used Arches cold press watercolor paper for the base, and decorated both sides with acrylics paint before embellishing with stamps and a silkscreen which I had made.  It was important to me to use as many of my own images as possible on this plan, so I also used color copies of my past artworks which captured that whimsical, fun feeling I want this business to have.  Mary Engelbreit is another of my role models, and I was happy to find an image of her to include on the plan.  I included images representing my creative team who will help me to create the actual works, an image of a woman who is happy to be shipping her work into the world, and images of the people I imagine will enjoy having my work in their lives.  I smile every time I look at the plan, and I believe that I can make my dream happen.

Is there anything else you’d like to share?

Read a broad selection of materials.  You never know where you will pick up a helpful tidbit or get an idea for something to help you in your work.  There is a wonderful book called “The Medici Effect” which talks about how having a wide range of knowledge can help you make intuitive leaps in your work, and I find that to be true for me.  It helps my brain make connections that it might not have made if I had read only business books or art publications.

Know when it’s time to stop reading and take action.  I still struggle with this one, but I am getting better at being more discerning about when my reading/internet surfing, etc is actually helping my creative process and when I am just using it to avoid doing what I need to do.  Mindfulness practice has helped me a lot with the discernment process.

Finally, don’t think you have to have everything in place before you can begin.  I am still sewing my purses myself, as well as working on my fine art pieces and keeping my blog updated, etc.  It’s not ideal, but if I waited for ideal, nothing would ever get done.  While I am working on the bigger business, prototypes are for sale at my Etsy shop http://andreastern.etsy.com I am also happy to work with clients on commissions of one of a kind works.

Creative Resources

Click here for more information about Andrea Stern

Access a multimedia library of interviews and resources from the Right-Brainers in Business Video Summit and order the book The Right-Brain Business Plan: A Creative, Visual Map for Success.

My friend Melody Biringer recently published her fabulous book Craving Success. It’s bursting with wisdom from Melody’s experience running 21 different businesses. I’ve always admired Melody’s savvy and now we can get a glimpse into her entrepreneurial mind.

Aaron Ross of Pebble Storm has a fantastic free e-Book called You Can Make As Much Money As You Want, Doing What You Love. This quick read is full of great advice from a seasoned business owner plus cool, fun sketches as well. You can also access his free four-part video training series on Making Money Through Enjoyment.

Left-Brain Chill Pill

Sleep on it. You’ll have fresh insights tomorrow.

Is your head spinning with too many options and what ifs? Not sure about what to do? Don’t try to muscle your way to an answer if your mind is feeling muddled. Instead, take a break and come back to it later with a clear head.

Take one dose of Left-Brain Chill Pill as needed to quiet your judging mind.

Last month during the Right-Brainers in Business Video Summit, participants asked lots of great questions on the live chat. I posted some answers a while back and I wanted to catch up on writing a few more responses. I’ll be posting another round of Q&A from the summit next week.

Q: How do you handle, when you’ve done all the planning and pieces that you need to get your creative endeavor working and no one shows up?!

A: That can certainly be discouraging and I’ve definitely been there. One of the things that can help avoid that disappointment is to test things along the way so that you have a better sense if it will fly or not. That might mean asking some people to give feedback on a prototype of a product or test run of a service, conducting a survey with your target market, running price points by some trusted colleagues or clients. And if and when you do find yourself in that situation of no one showing up (cuz yes, it does happen!), you need to be flexible and resilient. Sure, you can give yourself a little bit of time to pout, vent, or whatever it is that you need to get the frustration out of your system. But don’t stay there long. Find a way to quickly move on. Ask yourself what did you learn from this situation? How else can you meet your perfect customers’ needs? Do you just need to tweak your approach or does it need an overhaul? Check in with your creative cohorts for some outside perspective and insights. Readjust your plan and get out there and “test” things again.

Q: How do you manage it mentally and business-wise when you pour a lot of time and energy into a dream or goal and then realize that your goal has changed mid-way through?

A: I’m kind of in the midst of this right now. I had goals about how I wanted to expand my business for the rest of the year, but I’m rethinking those right now due to some shifts in my focus and also some new potential opportunities. Well actually more like I have the same goal of how much money I want to make, however, the strategies to get there might change a bit. Mentally (and emotionally), it can feel like a roller coaster ride. Business-wise, it can be tough if you realize that one approach isn’t working for you and money isn’t flowing in. That is certainly an indicator that something needs to change. I find it super helpful to work with a coach to 1) help work through the mental/emotional swirl that can emerge during a transition like this and 2) help brainstorm and implement new approaches to reach the goal. Similar to the answer above, as an entrepreneur you do need to be flexible and resilient. Tweaking things mid-stream can actually be the best thing you can do for yourself and your business if you’re being responsive to the environment or proactive about new opportunities.

Q: Jenn, what criteria do you use to personally prioritize your goals?
A: I use sequencing as one criteria. If there are multiple products or offerings I’m wanting to implement, I ask myself what makes sense to deliver first. Do things build on each other? Will doing one first help inform the next? For example, one of the goals that’s been on my list for quite some time is launching a licensing program for The Right-Brain Business Plan and my Unfolding Your Life Vision Kit. Even though I’ve been anxious to release these, it made sense for me to focus on getting my book out first the licensing would include material from the book. That’s more of a left-brain answer. Sometimes it’s a right-brain answer of just paying attention to where my energy, passion, and interest is and to follow that flow. That approach helps me gain momentum when I’m feeling stuck or overwhelmed. It at least gets me moving and checking to-do’s off my list.


Right-Brain Booster

“Do a brain dump.” – Julie Stuart of Making Ideas Visible

Grab a big sheet of paper and some colored markers and sketch out your ideas like Right-Brainers in Business Video Summit guest speaker Julie Stuart does. It will help you make sense of your thoughts and will also serve as a visual touchstone for your ideas and goals.

For Right-Brain Boosters on steroids, check out the multimedia library of interviews and discussions from the Right-Brainers in Business Video Summit.

Take one dose of Right-Brain Booster as needed to enhance your creative intuition.

 

Related Posts Plugin for WordPress, Blogger...
Featured in:
The Right-Brain Business Plan®

The Right-Brain Business Plan®