Is Your Brand Failing?

Just because you built a brand doesn’t mean you can sustain a brand. Going into the weekend, you want to ask yourself if you have any of these three signs related to danger. If so, your brand is failing and you need to regroup.

Sign number one: The phone isn’t ringing. If your business used to have tons of phone calls, inquiries, and flat out business and now the phone isn’t ringing- your brand is in trouble.

Sign number two: You are inconsistent. What do I mean by this? Well, either you are spread too thin to focus on your brand or your trying to accomplish too many things at once.

Sign number three: Your social media accounts don’t reflect your company’s message. Yes, I mean your personal accounts. If you own a company understand people will look YOU up and not just your company. Don’t have a professional website and then photos of you in the club on your Facebook page. It scares investors and possible customers.

Until tomorrow,

Twyla N. Garrett

Worst Actions to Take During a Crisis

What's the worst thing you can do during a crisis? I was recently asked this by a follower on Twitter. Well, I think the answer is subjective depending on the crisis. However, if we are talking in general terms, then I have to say that waiting to see what happens and not taking action takes the cake.

We are all built with the flight or fight mechanisms. This said, some people remain stuck or unwilling to accept what is going on and they don't follow the directions of first responders or the emergency plans. This is when people get into trouble. You have to realize during a crisis that you are in a crisis. Even if you take flight, you're taking some action. Staying in a burning building because the fire fighters will show up soon isn't the best idea. But some people do this and don't come out the other side alive or as their normal selves.

I'm addressing this question because I think it is important. Not having enough water, having too much water- these types of scenarios- well, they are all trivial. Yes, water will eventually show up via the government. Too much water, that's not a problem. Not doing anything- like seeking out water when you don't have it- that is what gets people into trouble.

So, remember - every emergency is different. Handling things calmly and with some type of action plan is the best thing you can do for yourself.

Until tomorrow,

Twyla N. Garrett

Legal Business Myths Exposed!

Many business owners have preconceived ideas about what the law can and can't do for them. And, most of these ideas are wrong. i'm going to write a bit on the top three legal myths that many business owners actually believe. If you have a question about a legal issue, ask an attorney or send in the topic. I would be happy to provide you with a generic answer and you can take that information further with a legal review of your specific circumstances.

#1. An LLC will always protect your assets. Forming a corporation or an LLC does provide some protection, but it’s far more limited than you realize. In most cases, if someone really wants to go after your personal assets, not only can they pierce your business entity, they will.

#2. You’re liable for damages due to injuries on your property. This couldn't be further from the truth! You’re not responsible for the negligence, clumsiness, stupidity, or criminal acts of others- period! I don't care if this happens on your property, you're not responsible for it.

#3. A contract has to be complicated. A great contract is to simply communicate the terms and intent the parties agree to. That’s what minimizes disputes and litigation after the fact. You don’t even need an attorney to negotiate and draft a legal agreement. If you note all the facts, costs and a cancellation policy- you should be good. When contracts build in loopholes, you should be concerned.

Business is complex enough. Knowing what is a myth and what is fact will help you navigate your way to success!

Twyla