TheEDGE Of SUCCESS 9 Building Blocks to Double yOUR sales! By clate Mask <nFUSIonsoFt
Table of contents Introduction page 3 hapter 1: The building blocks page 11 Chapter 2: The Secret to Small Business Success page 14 Chapter 3: Supercharge Your Website page 17 Chapter 4: Fill the Funnel page 22 Chapter 5: Convert Your Funnel page 26 Chapter 6: Win Lifelong Customers page 31 Chapter 7: Flip Your Funnel page 35 Chapter 8: Sell Stuff Online page 39 Chapter 9: Collect the Cash page 43 Chapter 10: Grow Through Partners page 47 Chapter 11: Measure and Tweak page 51 Conclusion: Time to get started ng Blocks To Double @
Table of Contents Introduction page 3 Chapter 1: The Building Blocks page 11 Chapter 2: The “Secret” to Small Business Success page 14 Chapter 3: Supercharge Your Website page 17 Chapter 4: Fill the Funnel page 22 Chapter 5: Convert Your Funnel page 26 Chapter 6: Win Lifelong Customers page 31 Chapter 7: Flip Your Funnel page 35 Chapter 8: Sell Stuff Online page 39 Chapter 9: Collect the Cash page 43 Chapter 10: Grow Through Partners page 47 Chapter 11: Measure and Tweak page 51 Conclusion: Time to Get Started page 56 Building Blocks To Double Your Sales
3. THE EDGE OF SUCCESS-9 Building Blocks to Double Your Sales Introduction Sitting on the Edge of Success Let me ask you something. Do you ever feel as if you are sitting on the edge of greatness? As if there is something holding you back from being the phenomenal business owner you are capable of being? You read all the books about owning and operating a company. You listen to all the sto- ries about small businesses becoming big businesses. You might know people who are living the life you set out to live yourself, but you just can't quite get there. You feel as if your business is just waiting to explode. If only you could do something to make that leap from being the over- whelmed business owner to the unbelievably successful entrepreneur. Well, this book will provide you with the knowledge you need to reach new heights. This book is for those small business owners that have been work ing to grow their companies and feel as if they are sitting on the edge of success. This book is going to give you the strategies you need to double your sales. But, these strategies have not come easily. The success secrets I'm going to share with you have been the result of years of struggle uTBd⊙ABHI I Have Pain! "The Infusionsoft Story One day, my custom software company(eNovasys at the time)received an interesting phone call. It was Friday afternoon and my partners and i were anticipating our weekend break. Wed ordered pizza, and it had just arrived when the phone rang. Well, the last thing we wanted to do was talk to anyone. Nevertheless, I decided to pick up the phone No sooner had i rattled off my greeting, than the man on the other end shouted, Ihave PAIN! an you help me? Then he paused Well, my mind was reeling with concerns. Was this a prank Did this guy even know what number he had dialed? What was I supposed to do about someone's pain? Shouldn't he call a doctor? Eventually, (after a 90-minute conversation) I got to the root of this mans problem. What this man, Reed Hoisington, wanted was a software program that would more effectively manage his c 2008 Infusionsoft
© 2008 Infusionsoft 3 • THE EDGE OF SUCCESS- 9 Building Blocks to Double Your Sales Introduction Sitting on the Edge of Success Let me ask you something. Do you ever feel as if you are sitting on the edge of greatness? As if there is something holding you back from being the phenomenal business owner you are capable of being? You read all the books about owning and operating a company. You listen to all the stories about small businesses becoming big businesses. You might know people who are living the life you set out to live yourself, but you just can’t quite get there. You feel as if your business is just waiting to explode. If only you could do something to make that leap from being the overwhelmed business owner to the unbelievably successful entrepreneur. Well, this book will provide you with the knowledge you need to reach new heights. This book is for those small business owners that have been working to grow their companies and feel as if they are sitting on the edge of success. This book is going to give you the strategies you need to double your sales. But, these strategies have not come easily. The success secrets I’m going to share with you have been the result of years of struggle. “I Have Pain!” The Infusionsoft Story One day, my custom software company (eNovasys at the time) received an interesting phone call. It was Friday afternoon and my partners and I were anticipating our weekend break. We’d ordered pizza, and it had just arrived when the phone rang. Well, the last thing we wanted to do was talk to anyone. Nevertheless, I decided to pick up the phone. No sooner had I rattled off my greeting, than the man on the other end shouted, “I have PAIN! Can you help me?” Then he paused. Well, my mind was reeling with concerns. Was this a prank? Did this guy even know what number he had dialed? What was I supposed to do about someone’s pain? Shouldn’t he call a doctor? Eventually, (after a 90-minute conversation) I got to the root of this man’s problem. What this man, Reed Hoisington, wanted was a software program that would more effectively manage his I Have Pain!
4. THE EDGE OF SUCCESS-9 Building Blocks to Double Your sales contacts. He was trying to follow up with his prospects and customers, but he was making a lot of mistakes. He was having a heck of a time keeping straight leads responders, and customers. He couldn't track things properly and the follow-up was hit or miss. In other words he was mismanaging his business and it was caus ing him pain The irony is, at the time of Reeds phone call, we too had pain Probably more pain than anyone in my company wants to ad mit Note: As you continue reading this book, the importance of this story will become clear. You will discover how this story taught me the one secret every small business owner must know, if they are going to achieve unbeliev- able success. But I'll address that secret later. Right now I want you to understand why this man's declaration of "i have pain! "struck such a chord with me When eNovasys first began, there were four of us(me and the three founders) working out of a small office space in the corner of a strip mall. We provided customized software to small busi- nesses. We built all sorts of custom software applications. However, like many small businesses starting out we really had no idea what we wanted to achieve. In actuality, we had no idea whether we were going to be in business from one month to the next. Still, we plugged away with a glimmer of hope that our budding company would be come successful Business ownership seemed exciting at first. We let ourselves daydream about what our compa ny could become. I was working with close friends; and besides, we weren't being tied down by corporate jobs. But then almost instantly the reality set in the amount of work required to run a small business forced all of us to reanalyze our situation. We began spending more and more time at the office, sometimes working through the night to get projects done. It didn't take long before our only option was to eat, sleep and breathe our business. But worse than the hours put in at the office was the stress and fear that appeared one day and never subsided. We were worried about our product, our clients, and whether or not we'd be paid And in the back of our minds we were questioning whether or not we could make this business work. We developed small business paranoia. We were constantly expecting something horrible to happen to us In fact, one of the founders became so agitated he lost 40 critical pounds in a matter of months. The possibility of missing an important phone call kept most of us from even eating during the day(not that we could afford to eat anyway c 2008 Infusionsoft
© 2008 Infusionsoft 4 • THE EDGE OF SUCCESS- 9 Building Blocks to Double Your Sales contacts. He was trying to follow up with his prospects and customers, but he was making a lot of mistakes. He was having a heck of a time keeping straight leads, responders, and customers. He couldn’t track things properly and the follow-up was hit or miss. In other words, he was mismanaging his business and it was causing him pain. The irony is, at the time of Reed’s phone call, we too had pain! Probably more pain than anyone in my company wants to admit. Note: As you continue reading this book, the importance of this story will become clear. You will discover how this story taught me the one secret every small business owner must know, if they are going to achieve unbelievable success. But I’ll address that secret later. Right now, I want you to understand why this man’s declaration of “I have pain!” struck such a chord with me. When eNovasys first began, there were four of us (me and the three founders) working out of a small office space in the corner of a strip mall. We provided customized software to small businesses. We built all sorts of custom software applications. However, like many small businesses starting out, we really had no idea what we wanted to achieve. In actuality, we had no idea whether we were going to be in business from one month to the next. Still, we plugged away with a glimmer of hope that our budding company would become successful. Business ownership seemed exciting at first. We let ourselves daydream about what our company could become. I was working with close friends; and besides, we weren’t being tied down by corporate jobs. But then almost instantly the reality set in. The amount of work required to run a small business forced all of us to reanalyze our situation. We began spending more and more time at the office, sometimes working through the night to get projects done. It didn’t take long before our only option was to eat, sleep, and breathe our business. But worse than the hours put in at the office was the stress and fear that appeared one day and never subsided. We were worried about our product, our clients, and whether or not we’d be paid. And in the back of our minds we were questioning whether or not we could make this business work. We developed small business paranoia. We were constantly expecting something horrible to happen to us. In fact, one of the founders became so agitated he lost 40 critical pounds in a matter of months. The possibility of missing an important phone call kept most of us from even eating during the day (not that we could afford to eat anyway)
5.THE EDGE OF SUCCESS-9 Building Blocks to Double Your Sales Life had suddenly taken on a whole new meaning. I was propelled into the age-old" fight for survival. My friends kept asking me where"the old Clate"had gone. I rarely saw my family, and even when I was around, Infusionsoft (we had to change the name because people were calling us nOvices) was on my mind I had less patience and little devotion to the things that meant so much to me before. My mind was busy, my stress levels were increasing, and I completely forgot what it meant to live"my life progressed and we hired several employees to help us manage the wany Despite the raging personal battles, and almost miraculously, our compa But as we expanded rather than finding more time, additional business and helpful solutions, we found ourselves wrapped up in more problems ey. The two founders and I invested our personal savings into building and growing our com. 3 For one thing, in order to keep the company growing, we needed more money. A lot more m pany. Multiple mortgages were taken out on homes. We leveraged whatever financial outlets we had, yet we slipped further and further into personal debt. Still it wasn't enough. We were con- tinually panicked about being able to pay the bills On a couple of occasions, I had to approach our employees and explain we couldnt make pay roll. To their credit, they stuck it out and worked hard to help us get through the tough times And of course, the founders and i often went months without seeing any money But even as we tried to budget and gave up our own income, the money would run out, and the creditors would come calling I felt particular embarrassment one night when my son asked, "Dad, why are you so mad? Because a freakin creditor called me on a Sunday !"I snapped at him The next question was, "What did he want? He wanted to know why i hadn't paid my bills. Well Dad, did you tell him it's because you havent made enough sales? How often had I said that? And how could l explain to my eight-year-old son the depth of the financial situation we were in what lessons was l teaching him? And how could i bear to watch him go without. because I wasn't succeeding? I wasnt the only one depending on the next sale. As one of Infusionsoft's founders sat in the hospital with his wife and brand new child, he was on the phone closing a deal when his irri tated wife berated him he looked down at his brand new baby and said You want to be able to afford the hospital bills, right? c 2008 Infusionsoft
© 2008 Infusionsoft 5 • THE EDGE OF SUCCESS- 9 Building Blocks to Double Your Sales Life had suddenly taken on a whole new meaning. I was propelled into the age-old “fight for survival.” My friends kept asking me where “the old Clate” had gone. I rarely saw my family, and even when I was around, Infusionsoft (we had to change the name because people were calling us eNovices) was on my mind. I had less patience and little devotion to the things that meant so much to me before. My mind was busy, my stress levels were increasing, and I completely forgot what it meant to “live” my life. Despite the raging personal battles, and almost miraculously, our company progressed and we hired several employees to help us manage the work. But as we expanded, rather than finding more time, additional business, and helpful solutions, we found ourselves wrapped up in more problems! For one thing, in order to keep the company growing, we needed more money. A lot more money. The two founders and I invested our personal savings into building and growing our company. Multiple mortgages were taken out on homes. We leveraged whatever financial outlets we had, yet we slipped further and further into personal debt. Still it wasn’t enough. We were continually panicked about being able to pay the bills. On a couple of occasions, I had to approach our employees and explain we couldn’t make payroll. To their credit, they stuck it out and worked hard to help us get through the tough times. And of course, the founders and I often went months without seeing any money. But even as we tried to budget and gave up our own income, the money would run out, and the creditors would come calling. I felt particular embarrassment one night when my son asked, “Dad, why are you so mad?” “Because a freakin’ creditor called me on a Sunday!” I snapped at him. The next question was, “What did he want?” “He wanted to know why I hadn’t paid my bills.” “Well Dad, did you tell him it’s because you haven’t made enough sales?” How often had I said that? And how could I explain to my eight-year-old son the depth of the financial situation we were in? What lessons was I teaching him? And how could I bear to watch him go without…because I wasn’t succeeding? I wasn’t the only one depending on the next sale. As one of Infusionsoft’s founders sat in the hospital with his wife and brand new child, he was on the phone closing a deal. When his irritated wife berated him, he looked down at his brand new baby and said, “You want to be able to afford the hospital bills, right?
6. THE EDGE OF SUCCESS-9 Building Blocks to Double Your Sales Now don't think we didn't try to find other means of financing our endeavors. All my pride was completely dissolved as i grov eled at the feet of bankers each time we were rejected I insisted they could trust me to pay my obligation. But they all shook their heads saying theyd heard that story before. If ever a man felt completely overwhelmed and humbled, i was that man Im trying to present this informa tion as undetached and factual as "Our first offic can, but its impossible. My en- Our first office space. We worked so many tire life was wrapped up in a love/ long, odd hours that the police were alerted hate relationship with a draining, to the" suspicious" activities going on in our office space.” consuming company. I think the worst part of this struggle was seeing the frustration and fear in my wife s eyes. It was killing to me to know i could be provid- Was sy family with a much better life(if i was only willing to give up this crazy dream). Not only was the company struggling to survive, I was struggling to balance my vision with harsh reali ties. I would stare at the computer screen and try to wish away the debt, the long hours, and the stress. But somehow I pressed on. We pressed on. Of course i didn't feel like I had much choice The truth was, without the business I had no idea what I was going to de After just a few short months, we' d invested so much time, money, anoo. effort into the company that failure would have been the ultimate devasta tion. So every day we trudged through one challenge after another, spend ing long hours at projects that may or may not bring in revenue Finally, the clouds started to break, and we knew Infusionsoft was going to be around for a hile Ultimately, we formed and perfected our business plan as we went along. We took care of prob lems as they came up because we simply didnt have the time to plan for the future. So, for the first few years of our inception, Infusionsoft was hanging by a very thin thread. Fortunately we moved past the majority of our problems c 2008 Infusionsoft
© 2008 Infusionsoft 6 • THE EDGE OF SUCCESS- 9 Building Blocks to Double Your Sales Now don’t think we didn’t try to find other means of financing our endeavors. All my pride was completely dissolved as I groveled at the feet of bankers. Each time we were rejected. I insisted they could trust me to pay my obligation. But they all shook their heads saying they’d heard that story before. If ever a man felt completely overwhelmed and humbled, I was that man. I’m trying to present this information as undetached and factual as I can, but its impossible. My entire life was wrapped up in a love/ hate relationship with a draining, consuming company. I think the worst part of this struggle was seeing the frustration and fear in my wife’s eyes. It was killing to me to know I could be providing my family with a much better life (if I was only willing to give up this crazy dream). Not only was the company struggling to survive, I was struggling to balance my vision with harsh realities. I would stare at the computer screen and try to wish away the debt, the long hours, and the stress. But somehow I pressed on. We pressed on. Of course, I didn’t feel like I had much choice. The truth was, without the business I had no idea what I was going to do. After just a few short months, we’d invested so much time, money, and effort into the company that failure would have been the ultimate devastation. So every day we trudged through one challenge after another, spending long hours at projects that may or may not bring in revenue. Finally, the clouds started to break, and we knew Infusionsoft was going to be around for a while. Ultimately, we formed and perfected our business plan as we went along. We took care of problems as they came up because we simply didn’t have the time to plan for the future. So, for the first few years of our inception, Infusionsoft was hanging by a very thin thread. Fortunately we moved past the majority of our problems
7. THE EDGE OF SUCCESS-9 Building Blocks to Double Your Sales . What has it been like to be the wife of an entre- What is the price of being an Innovators spouse? By Charisse Mask ∩i preneur? I must say i definitely enjoy life now compared to what it was in the beginning My husband, Clate Mask, graduated with a law degree and Master's of Business Administration. I thought for sure that going through school was our hardest obstacle. I thought Article retrieved from for sure that my husband would be an attorney and would bizAZ (May/June 2007) be able to use his business degree to help him a little Well, i was wrong Two of my brothers had started a software company that had great poten tial It was a business that could work but it needed a lot of work. It need ed leadership, capital, and a whole lot of time. It needed Clate. When he told me he was going to work with this start-up, with no guarantee of pay I asked if he remembered that we had four children He reassured me that it would all work out. I trusted him. Somehow each time payday rolled around and there wasnt money, it got a little harder to passively wait for things to be OK. It was rough-really, really rough. We couldnt pay all the bills. I remember asking why we had gone to school for this. I remember feeling like i couldn't wait any longer to get paid. It was very draining. I like stability and i was not experiencing any On top of not getting paid regularly-and sometimes not at all-it seemed as if Clate spent hours on his laptop doing even more work. Even at family functions, he and my brothers would sit around and talk about new logos, problems with the software, the direction of the company who they wanted to hire, prospective clients, new office space, and how to make payroll. The list could go on and on I also knew that Clate was stressed out. He was constantly worried about so many different thing Once we were able to breathe or do something that resembled breath- ing) I tried to take my family on a vacation Unfortunately, the damage of small business ownership had taken its toll. Determined not to work while on vacation, I felt like a walking zombie and returned home almost anxious to get back to my familiar work routine. But I realized at that moment that I couldn't ever let this happen again. To me or to anyone else that I could spare. As I recount this story I can smile at the crazy situations we made it through. I can share mem- ories with the loyal employees that stuck with it, and we can laugh together. However, although we are no longer crammed into a tiny little office space, it doesn't mean weve lost touch with where we came from. Rather, we resolved to ease the pains of small business owners in what ever way we could. And this is where the purpose of this book begins c 2008 Infusionsoft
© 2008 Infusionsoft 7 • THE EDGE OF SUCCESS- 9 Building Blocks to Double Your Sales Once we were able to breathe (or do something that resembled breathing) I tried to take my family on a vacation. Unfortunately, the damage of small business ownership had taken its toll. Determined not to work while on vacation, I felt like a walking zombie and returned home almost anxious to get back to my familiar work routine. But I realized at that moment that I couldn’t ever let this happen again. To me or to anyone else that I could spare. As I recount this story, I can smile at the crazy situations we made it through. I can share memories with the loyal employees that stuck with it, and we can laugh together. However, although we are no longer crammed into a tiny, little office space, it doesn’t mean we’ve lost touch with where we came from. Rather, we resolved to ease the pains of small business owners in whatever way we could. And this is where the purpose of this book begins. What is the price of being an Innovator’s spouse? By Charisse Mask Article retrieved from bizAZ (May/June 2007) “What has it been like to be the wife of an entrepreneur? I must say I definitely enjoy life now compared to what it was in the beginning. My husband, Clate Mask, graduated with a law degree and Master’s of Business Administration…I thought for sure that going through school was our hardest obstacle. I thought for sure that my husband would be an attorney and would be able to use his business degree to help him a little. Well, I was wrong… Two of my brothers had started a software company that had great potential. It was a business that could work, but it needed a lot of work. It needed leadership, capital, and a whole lot of time. It needed Clate. When he told me he was going to work with this start-up, with no guarantee of pay, I asked if he remembered that we had four children. He reassured me that it would all work out. I trusted him. Somehow, each time payday rolled around and there wasn’t money, it got a little harder to passively wait for things to be OK. It was rough – really, really rough. We couldn’t pay all the bills. I remember asking why we had gone to school for this. I remember feeling like I couldn’t wait any longer to get paid. It was very draining. I like stability and I was not experiencing any. On top of not getting paid regularly—and sometimes not at all—it seemed as if Clate spent hours on his laptop doing even more work. Even at family functions, he and my brothers would sit around and talk about new logos, problems with the software, the direction of the company, who they wanted to hire, prospective clients, new office space, and how to make payroll. The list could go on and on. I also knew that Clate was stressed out. He was constantly worried about so many different things
8. THE EDGE OF SUCCESS-9 Building Blocks to Double Your Sales The Real Pain of the small Business owner Since creating Infusionsoft, we have heard thousands of painful stories from small business own- ers trying to manage and grow their companies. We hear about all the blood, sweat, and tears that do nothing more than get a company through to the next week so the exhausted business owner can do it all again. Some of the stories that have been shared with us make our rough beginning look like a walk in the park. Besides selling their products or services, managing employees, handling the overhead, and budgeting their expenses, small business owners really have little time for anything else. The sad truth is that few business owners are able to spend any time growing and expanding their business. Their attention is being constantly pulled one direction after another and by the time they have a moment to themselves, they are too drained to do anything more than run the same old gauntlet. In many cases, the struggles of small business ownership spread far beyond the walls of their company. FAMILY Think of the impact long hours at the office have on family life. the business owner works all day deals with unpleasant customers, and is constantly putting out one fire after another. By the time they go home, theyre tired, frustrated, and short on patience. I'm sure you can guess (if you don't already know)what this end-of-day exhaustion does to marriages, parenthood and other important relationships Online, i attempted to find an oogle i The sad truth exact statistic about the num- wel Results 1.10of ber of business owners that ded we stand: when: on a concept called ners divorce, what happens to,m divorce while trying to get their companies up and run ning.What I discovered was wheaton Divorce and B wines vare in tweu hexr n u pageo repre Marriage partners, who are also business much more interesting. Hun- ers in comp lexdivorce litigatio dreds of thousands of web- customer concems and business. sites offer advice on what to do when, as a small business ww anderson an litig ation involving owner, you get divorced. No Divorce Statistics Mpr. 2.Divorce.9:26am pany. They all teach would-be /-Avwsony servie entre e rm o working hours re grow agences Thiking abou a one is offering any sugges tions for how to keep a family smilarnanes-Nte ts together and still run a com- ,N时 their assets from their spouse Qu wce la -tosem mu oana anom beow Ye. oen entrepreneurs how to protect How business owners entering into divorce Jownerunless-staying proceedings are financially impacted Publication Smart Business Mi once they split. In other words, the world seems to en Business Owners Divorce have given up on the odds of re the assets of both publicly held and privately staying happily married and proceed ngs are financially paced Huolcaton: growing a company. c 2008 Infusionsoft
© 2008 Infusionsoft 8 • THE EDGE OF SUCCESS- 9 Building Blocks to Double Your Sales The Real Pain of the Small Business Owner Since creating Infusionsoft, we have heard thousands of painful stories from small business owners trying to manage and grow their companies. We hear about all the blood, sweat, and tears that do nothing more than get a company through to the next week, so the exhausted business owner can do it all again. Some of the stories that have been shared with us make our rough beginning look like a walk in the park. Besides selling their products or services, managing employees, handling the overhead, and budgeting their expenses, small business owners really have little time for anything else. The sad truth is that few business owners are able to spend any time growing and expanding their business. Their attention is being constantly pulled one direction after another, and by the time they have a moment to themselves, they are too drained to do anything more than run the same old gauntlet. In many cases, the struggles of small business ownership spread far beyond the walls of their company. FAMILY Think of the impact long hours at the office have on family life. The business owner works all day, deals with unpleasant customers, and is constantly putting out one fire after another. By the time they go home, they’re tired, frustrated, and short on patience. I’m sure you can guess (if you don’t already know) what this end-of-day exhaustion does to marriages, parenthood, and other important relationships. Online, I attempted to find an exact statistic about the number of business owners that divorce while trying to get their companies up and running. What I discovered was much more interesting. Hundreds of thousands of websites offer advice on what to do when, as a small business owner, you get divorced. No one is offering any suggestions for how to keep a family together and still run a company. They all teach would-be entrepreneurs how to protect their assets from their spouse once they split. In other words, the world seems to have given up on the odds of staying happily married and growing a company
9. THE EDGE OF SUCCESS-9 Building Blocks to Double Your Sales Even if you're able to manage both family and business responsibilities, even if you have a com- passionate spouse like mine(who worried about what to feed the kids but still encouraged my efforts), even if you don't have a family waiting at home, there are other factors to consider. FUNDING According to famed economics professor Scott A. Shane, approximately 65% of small businesses are founded on the savings and personal debts of the business owner. That is money that has come directly from the owner's pocket Money that is irreplaceable should the business have a poor month, quarter, or year. The strain of having to repay borrowed money only adds a signifi- cant amount of stress to an already taxing situation I'm sure youve heard the phrase lose the shirt off your back. For many small business owners, this is quite literally the case. They've in vested every last dollar they can in the hope of creating a better life for themselves And should the company go belly up, this person isn't instantly absolved of their obligation Two of my employees were recently lamenting about their failed business ventures. The first had taken out a bank loan to finance an invention that never caught on. at the time of the conversa tion, she was still paying on her outstanding debt of $15,000. The other heard the story of the ing with his company. His debts were so great, he was too embarrassed to relate how mucs Og first and chuckled. He said, I wish that was all I had left to pay. This man had borrowed money from friends and family, lost his product due to poor storage, and never quite regained his fo money hed lost These are my employees, my friends, individuals i personally care about, and by the time I heard their stories there was nothing I could do for them. There was nothing, in fact, that anybody could do for them short of paying their financial obligations. SATISFACTION Another concern of the small business owner is the simple issue of happiness. You see, the vast majority of entrepreneurs start their own businesses to avoid working for someone else. And to find happiness doing something they love. But, although business owners may start their com panies with high hopes and ambition, inevitably the business becomes the master. and the busi ness owner, a slave to his/her own creation. The excitement and passion they once felt for their company gets buried under a mountain of invoices and paperwork. Like I said before, we hear all kinds of heart-wrenching stories when small businesses turn to Infusionsoft for help. Many small business owners are in search of that one last miracle-solution before they give up altogether. Even then they're often so overwhelmed they don't really have a desire to make their companies work. It's simply a matter of going through the motions be should have known better than to try. pating. It ' s as if they are saying to themselves, "Well, I fore accepting what theyre already antici This is where the purpose of the book comes in. You see in all the time i was worrying and struggling to get Infusionsoft off the ground i was learning The more i heard from other small business owners about what they wanted c 2008 Infusionsoft
© 2008 Infusionsoft 9 • THE EDGE OF SUCCESS- 9 Building Blocks to Double Your Sales Even if you’re able to manage both family and business responsibilities, even if you have a compassionate spouse like mine (who worried about what to feed the kids but still encouraged my efforts), even if you don’t have a family waiting at home, there are other factors to consider. FUNDING According to famed economics professor Scott A. Shane, approximately 65% of small businesses are founded on the savings and personal debts of the business owner. That is money that has come directly from the owner’s pocket. Money that is irreplaceable should the business have a poor month, quarter, or year. The strain of having to repay borrowed money only adds a significant amount of stress to an already taxing situation. I’m sure you’ve heard the phrase, “lose the shirt off your back.” For many small business owners, this is quite literally the case. They’ve invested every last dollar they can in the hope of creating a better life for themselves. And, should the company go belly up, this person isn’t instantly absolved of their obligation. Two of my employees were recently lamenting about their failed business ventures. The first had taken out a bank loan to finance an invention that never caught on. At the time of the conversation, she was still paying on her outstanding debt of $15,000. The other heard the story of the first and chuckled. He said, “I wish that was all I had left to pay.” This man had borrowed money from friends and family, lost his product due to poor storage, and never quite regained his footing with his company. His debts were so great, he was too embarrassed to relate how much money he’d lost. These are my employees, my friends, individuals I personally care about, and by the time I heard their stories there was nothing I could do for them. There was nothing, in fact, that anybody could do for them short of paying their financial obligations. SATISFACTION Another concern of the small business owner is the simple issue of happiness. You see, the vast majority of entrepreneurs start their own businesses to avoid working for someone else. And to find happiness doing something they love. But, although business owners may start their companies with high hopes and ambition, inevitably, the business becomes the master…and the business owner, a slave to his/her own creation. The excitement and passion they once felt for their company gets buried under a mountain of invoices and paperwork. Like I said before, we hear all kinds of heart-wrenching stories when small businesses turn to Infusionsoft for help. Many small business owners are in search of that one last miracle-solution before they give up altogether. Even then, they’re often so overwhelmed they don’t really have a desire to make their companies work. It’s simply a matter of going through the motions before accepting what they’re already anticipating. It’s as if they are saying to themselves, “Well, I should have known better than to try.” This is where the purpose of the book comes in. You see, in all the time I was worrying and struggling to get Infusionsoft off the ground, I was learning. The more I heard from other small business owners about what they wanted
10. THE EDGE OF SUCCESS-9 Building Blocks to Double Your Sales what they needed, and what they were suffering, the more in tune i be came. i dreamed of ways to liberate and empower small business owners and their employees so they could enjoy doing business again. I envisioned ways of helping them wow their customers, and grow their companies quickly and profit- ably. I wanted small business owners to feel the same passion and excitement for their companies they started out with, and to make the world a better place because they were able to serve not only their customers, but their families and communities as we‖l What I Learned About Managing and Growing Small Businesses Years of interacting with small business owners brought me to some simple but significant con clusions. I watched the same mistakes being made over and over again. I saw seemingly popu lar companies close their doors for the last time. And i observed other companies skyrocket for no apparent reason What I learned. is that the strategies for success were not unique to one industry, The Infusion Soft company, or business owner. Success was determined by the use of predict- Purpose able, repeatable, simple actions. But not Liberate and empower small businesses and their just any actions--the right actions. employees so they can enjoy doing business, wow their customers and better serve their families and communities The great news, and the reason I felt it necessary to complete this book is that once small business own ers learned what they could do with their companies, they began writing a completely different story for themselves. Gone was the"pain"of small business ownership and in its place was the"pleasure. No longer was it a question of"will I succeed?"but how much success will I have? I've watched desperate business owners turn back into excited entrepreneurs when they found out what their small business could easily and repeatedly accomplish Ultimately, these strategies morphed into the focal point for our company. They were the driving force, the culmination of everything I had dreamed of doing for the small business owner and their employees. For years lve developed and refined these strategies so they would provide the most and best value for the small business owner c 2008 Infusionsoft
© 2008 Infusionsoft 10 • THE EDGE OF SUCCESS- 9 Building Blocks to Double Your Sales what they needed, and what they were suffering, the more in tune I became. I dreamed of ways to liberate and empower small business owners and their employees so they could enjoy doing business again. I envisioned ways of helping them wow their customers, and grow their companies quickly and profitably. I wanted small business owners to feel the same passion and excitement for their companies they started out with, and to make the world a better place because they were able to serve not only their customers, but their families and communities as well. What I Learned About Managing and Growing Small Businesses Years of interacting with small business owners brought me to some simple but significant conclusions. I watched the same mistakes being made over and over again. I saw seemingly popular companies close their doors for the last time. And I observed other companies skyrocket for no apparent reason. What I learned…is that the strategies for success were not unique to one industry, company, or business owner. Success was determined by the use of predictable, repeatable, simple actions. But not just any actions--the right actions. The great news, and the reason I felt it necessary to complete this book is that once small business owners learned what they could do with their companies, they began writing a completely different story for themselves. Gone was the “pain” of small business ownership, and in its place was the “pleasure.” No longer was it a question of “will I succeed?” but “how much success will I have?” I’ve watched desperate business owners turn back into excited entrepreneurs when they found out what their small business could easily and repeatedly accomplish. Ultimately, these strategies morphed into the focal point for our company. They were the driving force, the culmination of everything I had dreamed of doing for the small business owner and their employees. For years I’ve developed and refined these strategies so they would provide the most and best value for the small business owner. Purpose. iberate and empower small businesses and their employees so they can enjoy doing business, wow their customers and better serve their families and communities pose. wer s urp and em P iberate mployees so they can enjoy r customers and better serve their families and ies L The InfusionSoft