Practical, judicious and well-dressed, Scarlett O’Hara embodies more than just the charm of a Southern belle.  Her character gives us plenty of business-savvy lessons to work with– applicable to any time period, and regardless of proximity to the Mason-Dixon Line.

Here are four lessons to be learned from Scarlett:

1. Be resilient. Scarlett did not have an easy go of it after the Civil War.  She was forced to work the fields and manage the house after the death of her mother and the onset insanity of her father.  Furthermore, she had not a penny to her name and was deeply indebted to the tax collectors.  However, she pushed through.  We’ve all lived through the last 2 years of a terrible economic storm.  Even without poor market conditions, businesses will go through very tough times.  Resiliency, and will power, can often be the only thing to push us through the difficulty when it seems like everything is going to mud.  Sometimes it is about putting one foot in front of the other when things are really dismal.
2. Dress the part. When Scarlett goes to Atlanta to visit Rhett Butler in jail and ask for money to pay the taxes on Tara, she dresses the part despite being destitute (and wears the velvet drapes that Mammy fashioned into a gown).  As Thomas Fuller said “Good clothes open all doors.”  When you want something from someone—a sale, an investment, etc.—you need to look and act like you will survive without it.  Dress the part, inside and out.
3. Think about it tomorrow. Some days are overwhelming.  If you think about eating the whole elephant in one sitting, you will be sick thinking about the enormity of your task.  Not everything has to be done today.  Don’t bury your head in the sand but give yourself a break and realize that you are one person with the same 24 hours that everyone else has.  As Scarlett says, “I’ll think about it tomorrow.”  Some days you should do just that.
4. Don’t be foolish chasing after something that is not meant to be. Occasionally, we all really believe that a certain product or service is what is going to be our savior for our company.  We continue investing money and time, putting other lucrative services and products on the back burner.  Be honest with yourself about what areas of your business are really producing revenue.  Focus a majority of your efforts there.  Don’t spend your business life chasing after Ashley when Rhett is really the best fit.

If you aren’t able to travel this summer, the French Martini might be a winning substitute for any foreign culture cravings (or, at least it will satisfy your taste buds).  This particular recipe was served as a part of last week’s Denver May Market at the Grange Showroom where Alexandra spoke about the importance of company blogs while the audience enjoyed delicious French fare and martinis. Wish you had been there? Luckily, you can create your own French martini and enjoy it wherever you might be on the globe.

Ingredients:

• 2 oz Vodka
• ½ oz Chambord
• 2 ½ oz Pineapple Juice

Preparation:

1. Back a shaker full of ice and add all ingredients
2. Shake or stir (Note: the pineapple juice makes the drink cloudy anyway, so the shaking gives a nice light texture because of pineapple juice’s tendency to froth!)
3. Strain into a martini glass.
4. Garnish with a lemon twist.
5. Enjoy!

If you haven’t already signed up for our monthly newsletter, The Gibson, add yourself to the list and a new martini recipe will be yours every month.

A guest blog post by Gail Doby, ASID, Design Success University

I’ve been an interior designer for over 20 years, so I’ve had plenty of time to make these mistakes.  Here’s a startling statistic (and I’ll bet it is higher during this recession) – 62.8% of all new businesses fail within 6 years according to the U.S. Census Bureau, and 96% fail within 10 years.  That means you’re lucky to be one of 4 out of 100 to make it past 10 years…or is it luck?

What if you could avoid the mistakes that these business owners made?

I’d like to see you avoid them, and if you’ve already done a few of them, now you can learn what not to do so you don’t waste your valuable time and money:

1. Not having a written “ideal client” profile – If you don’t know who your ideal client is, how can you tell other people who they can refer to you?  If you’ve ever had the client from &%$&, (or more than once) the key is to know what you don’t want in a client as much as what you do want.
2. Not knowing the lifetime value of your client – If you’ve been in the business even a few years, you can add up your billings and divide by the number of clients to get your current lifetime value.  You should also look at how long they stay as a client.  These two metrics are critical in your business planning and if you have this data as part of your Business Dashboard, it will help you grow your business. (more…)

The to-do list can be a daunting document.  For every one item you check off, you probably add two.  For many of us, it is far longer than the number of hours that we each have in our days.  The question then is: “how can we set up a strategy to prioritize the to-do list so that you are best utilizing your time”?  Think about ROI (return on investment) as your ROT (return on time).

Too Familiar?

Here is a new system that we created within our company.  I suggest that everyone have the same 3 categories across the team, but that the prioritization is role-specific.

Determine your 3 categories that all of your actions fall under (or should fall under).  In our company, I determined the following as our 3 categories:

1. Revenue producing:  an item on the to-do list that will bring money into the company
2. Service-related:  an item on the to-do list that will make our members or clients lives and businesses better
3. Brand awareness and networking: actions that will help build our brand throughout the industry and beyond

Based on your list, prioritize your categories.  My particular role in our company is bringing in new business and also long-term strategy.  If my role was to service our clients and members more directly, I would prioritize the categories differently.  Therefore, my category prioritization is as follows:

1. Revenue production
2. Brand awareness, strategy, and networking
3. Service

Determine some examples of what each category would entail.  For example, I would use the following examples for our company:

1. Revenue production: sales calls, creating letters of agreement, invoicing, etc.  For your firm, this might also be billable hours or creating proposals.
2. Brand awareness, strategy, and networking:  arranging presentations at design centers, writing blog posts, staying connected with my professional network, etc.
3. Service:  adding functionality to the website that would improve the client experience, monthly member calls, etc.

A few more ideas:

• Establish a “D” category.  There will naturally be things that fall into the “Other” category.  We call those category “D” items.  These will still need to get done but in the prioritization exercise, they will be the items that are least important to your business.
• Every time you add something to your to-do list, make sure that you put a letter next to it or color code it.  This will show you where you need to be prioritizing and what items can be downgraded.

For more great techniques to work smarter, I suggest Gina Trapani’s columns at FastCompany.com. What systems do you use to prioritize your laundry list of to-dos?

Sometimes, receiving confirmation that you’re taking the right steps for your business is all it takes to push you ahead even further.  Success is closely linked to communication, which is why it can be particularly advantageous to talk to someone, ask questions, and discuss any possible ideas you hope to incorporate into your business structure.  This is exactly where Martha Kirkpatrick, Director, Member Services comes in for our Gibson Design Management members.  Martha provides immeasurable assistance to clients through monthly “sounding board” calls, where she lends an ear and her thoughts, helping members sort through any inquiries or ideas regarding their business’ success.

This is a service offered to all members (and included in the price of monthly membership!), and one that has played a particularly important role within our clients’ businesses—allowing clients to fine-tune new ventures, determine how to effectively use their Gibson Design Management membership, and mold personalized strategies for branding, marketing, expansion and more.  Here’s what members have said about the importance of conversation and sounding board calls:

“I think of Gibson Design Management as a very capable employee that I have on call at all times. Whether it’s product sourcing, CAD drawings or advice that I need, Gibson is always there to save me!” — Marlene Oliphant, Marlene Oliphant Designs LLC

“I love working with Gibson Design Management!  Although technically a solo-entrepreneur, I have a team of knowledge, support and creativity on my side at all times.  Monthly member calls with Martha remind me that I never need to “go it alone”!” – Sarah Devaney-O’Neil, Storibook Designs, Inc.

“The monthly mentor calls with Martha Kirkpatrick have been very helpful.  Martha always immediately finds the answers to my questions and reports back to me within 24 hours, if not sooner.  I know that in Martha I have someone to go to if I ever have a question or a need and that it will be taken care of.” — Randy Trainor, C. Randolph Trainor, LLC

“For the past several months, I’ve had the opportunity to participate in monthly coaching calls with Martha Kirkpatrick.  As the owner of a small interior design firm, I have found the calls to be both productive and motivating. Martha has listened to challenges and helped brainstorm solutions for a variety of business topics. These calls have become, without a doubt, one of the greatest benefits of my membership with Gibson Design Management.” — Vicky Serany, Southern Studio Interior Design

If you are a Gibson Design Management member and have not yet taken advantage of the sounding board calls, please email Martha to schedule.  If you are not a member, and you would like to find out more about becoming a member, please email Alexandra Gibson.

After watching these two videos (which have similar content), I hope that you realize that you will quickly become a dinosaur if you are not embracing social media as a direction for your business’s marketing.

Yesterday, Scotts Miracle-Gro Company announced that it would close all Smith & Hawken stores (read more here).  The fortunate legacy that will live on are the business teachings of Paul Hawken, one of the Smith & Hawken founders.  I read his book, Growing a Business, last year; its relevance and applicability to today’s business world is astounding, despite its publication date of 1987.  Principles have not changed.

Here are some lessons from Hawken’s Growing a Business:

- “Begin at the beginning.” Drill down to what  your company does.  Think ahead but don’t skip ahead.  Lay the foundation, don’t try to put on the roof before the walls go up.  (Sorry for the excessive construction analogies).

- “A problem is an opportunity in drag.” We will always have problems in our businesses.  If we stop having problems, our businesses are no longer learning and are no longer progressing.  When a problem arises, through creativity and innovation, we are able to solve and then build even better companies.

- “We want to do business with companies that back their products and take care of the needs of their customers.” Do right by your clients and they will reward you with coming back and telling their friends.  This is simple.  Why don’t more companies do it then?

- “Don’t live up to a criterion, set it.” If you are the second, the third, or the fortieth business in your industry to do what you do, are you always chasing the competition?  If so, you will always be behind.  Forge your own way.

- “Laughter and good humor are the canaries in the mine of commerce.” If you are not having fun every day in your business, close now.  If you don’t let your customers or clients have fun with you too, they will find someone else to have fun with (and spend money with).

- “There’s no way to instill a positive customer service ethic before you embody a positive employee ethic.” Treat your people like you want them to treat your clients.

All simple right?  Let’s get to it then.

Gail Doby, Chief Vision Officer of Design Success University, and Nika Stewart, The Designers’ Success Coach, are co-hosting an exciting event that you don’t want to miss–The Interior Design Summit on October 28, 29, & 30.

Click here to learn more

This three-day event is unlike anything that has been done for the interior design industry to date. They are interviewing 11 speakers (so far) that are top-selling authors, business consultants and agents to celebrity designers, and other amazing guests that are sure to help you grow your interior design business.

What is unique about this event is that you can listen to this from the comfort of your office or home during these three days. No travel expenses, just a nominal fee for the event and you will receive recordings so you can listen again at your convenience.

Here are some of the things you will learn:

How to book yourself solid

How to market so you don’t have to “sell” to get clients

How to build amazing referral partners that send affluent clients to you

How to create your marketing plan to get a steady flow of business

How to work with the ultra-affluent clients – how to get them and how to serve them…learn what they are looking for in an interior designer

How to use newsletters to stay connected with your prospects and clients …without having to write!

How to use social networking to create an online portfolio especially if you don’t have a website

How to build your personal brand so prospects and clients immediately know who you are and what your business represents

How to build a great team and manage your staff effectively

How to streamline the parts of your business that you don’t enjoy

And much more…

Save the dates and plan to make this an event in your office by bringing in lunch and having a discussion (with yourself if you work solo, or with your staff) to create a winning plan to take your business to the next level.

Click here to learn more about the event