Watkins Appointed to IMC-USA National Committee

Andra L. Watkins CPA CMC, President of Charleston-based POSITUS Consulting LLC, has been appointed to the national ethics committee for the Institute of Management Consultants USA. She serves a two-year term with three other IMC-USA members from around the country.

In her role on the ethics committee, she helps evaluate specific charges against IMC-USA members. She also recommends ways to improve and enhance the distinction of the Certified Management Consultant designation.

The Institute of Management Consultants USA administers a unified management consulting examination to its members, part written and part oral. Fewer than 10,000 management consultants in the United States have obtained the elite Certified Management Consultant designation.

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Watkins Invited to Sit on Mayor Riley’s Small Biz Roundtable

Andra L. Watkins CPA CMC of POSITUS Consulting LLC has been invited to sit in on Mayor Joseph P. Riley, Jr.‘s Small Business Roundtable on Monday, April 25, 2011. Riley has invited 8 – 10 small business people from around the Charleston area to be a part of the discussion. Participants will offer insights on how to bolster and improve the environment for success for all small business in Charleston, South Carolina.

Positus Consulting LLC provides comprehensive management consulting solutions for small and medium sized businesses, including professional services firms, wholesalers, hospitality and tourism, and medical practices. www.positusonline.com.

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10 Ways to Restore Biz Confidence on AMEX Open Forum

POSITUS contributed to an article on AMEX Open Forum this week. Check out Andra L. Watkins CPA CMC in “10 Ways to Restore Business Confidence.” Get some tips and tricks to stop wavering and start taking those business steps again.

Enjoy!

 

 

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POSITUS Featured on American Express OPEN Forum

POSITUS’ very own Andra L. Watkins CPA CMC is featured on Thursday Bram‘s Wise Bread, part of the American Express OPEN Forum. Thursday interviewed Andra regarding the pros and cons of spending money on additional education and business credentials in the current economy. It’s an interesting discussion with Andra and several other contributors. We hope you enjoy it.

http://www.openforum.com/idea-hub/topics/money/article/should-you-spend-money-on-education-thursday-bram

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Need Seed Money for Your Small Business? Go Social.

Your business can be a superpower. Call POSITUS!

While looking for some lending alternatives for a start-up client recently, we stumbled across an innovative new web siteMicroventures.com marries social media with the concept of searching for funding, opening up the possibilities to a world of investors willing to help small businesses get off their feet and grow.

On the investing side, the site allows people who have money to invest to sign up. They specify the types of companies they’re willing to consider and the amounts they’re putting on the table. Microventures creates a profile for them that then matches them to opportunities that fit their desired parameters.

For the small business owner, Microventures requires an application submittal with a $100 fee. The application is pretty simple, with a committee evaluating the application for its merit of a second phase review.

If the initial application is approved, Microventures will request a fee of $250 and some additional information: a business plan; financial ratios; financial projections; use of funds analysis; amounts currently invested by owners; pending or current litigation; and a few more details. (HINT: POSITUS is seasoned at working with small business owners to build rock-solid information for consideration by such groups.)

If a small business is approved for listing, there are some additional considerations. First, they must agree to an equity-interest for the investor(s), something that may give many small business owners some heartburn. Small businesses are also charged a fee of 10% of the amount requested if the transaction completes successfully, meaning that all the needed funds are procured through investors on the site.

In a tough lending environment, Microventures.com may be an ideal place for entrepreneurs to go to find the capital they need to establish their businesses and grow them successfully. If you check it out or pursue this concept, please touch base with us and let us know about your experience.

One last statement: Microventures.com did not pay us anything for this article, give us any free seed money, or otherwise be nice to us in any way for promoting them here.

Posted in business, business advisory services, minority owned business, small business growth, small business strategy | Tagged , , , , , , , | 5 Comments

GOOD PRESS MEANS NOTHING WITH BAD DETAILS

I admit it. I have something of a shoe fetish. While perusing my NY Times Magazine last weekend, I squealed when I saw the perfect pair of new shoes. They were jelly bubble booties manufactured by a Brazilian company I’d never heard of called Melissa Shoes. The blurb listed a web site link, and it showed a fetching photo of the shoes that convinced me that I “needed” them enough to go look them up.So, I followed the link listed in the piece…..and got nothing. The link was bad. Undeterred, I Googled several different search terms and finally came upon Melissa’s site. For more than fifteen minutes, I looked at every page on the site, seeking the bubble jelly booties. (I said I have a shoe fetish.) They were nowhere to be found. Disappointed, I gave up.

How many businesses make the same mistakes? Marketers are good salespeople, and they convince business owners every day that more marketing will mean increased revenue. Sadly, many of them don’t pay attention to operational details, like when a new shoe season will be ready and available for market or whether the business owner is on top of her web site updating so that she will benefit from a coup like a mention in the NY Times.

Marketing expenditures for anything – social media promotion; press releases; advertising online or in print – is like flushing dollar bills down the toilet one at a time without the proper operational backbone behind it. Anyone who tells you otherwise in an attempt to make money by selling you marketing services is handing you snake oil.

Here are some things that Melissa could have done to capitalize on her company’s mention in the NY Times – before the public relations firm got her here.

Checked delivery deadlines for the jelly bubble shoes. If the cute booties truly were not yet available, she could coordinate a more advantageous release date with her PR firm so that shoppers will be converted to buyers when they follow the provided link.

Made sure she will have enough shoes to meet anticipated demand. Again, if the shoes won’t be available, or if she doesn’t have them on her site because they are sold out, she could most likely coordinate another alternative with her PR firm for promotion, or make an additional rush order in anticipation of demand.

Included the correct web domain. Maybe her PR firm blundered this one in the submission, or maybe she moved or changed her domain prior to release of the article. Either of these snafus could’ve been rectified with some communication between client, PR firm and news outlet.

Created a platform for ease of ordering. How ordering platforms work is normally an operational issue, with the marketers worrying about whether or not they look pretty. This is one of my most consistent complaints with web sites – the order platforms are too clunky, include too many steps, don’t seem secure, or are impossible to find. The coolest web site in the world is useless to me if I can’t figure out who to have the company relieve me of my money.

Evaluated whether or not this sort of publicity would be good for the company. Many times, national or international publicity can backfire on a small company. In the case of service industries, it gives the appearance of being expensive or out of the league of many possible clients. For small product based businesses, they may simply not have the workforce, capacity or funding to pounce on the promotion, causing a brief boost in awareness with no real economic benefit. Oh, they’re working harder to try to move some product, but nothing ever really happens.

Be smart with your marketing dollars by making sure your business is ready operationally for the sales increases a successful marketing campaign will contribute. Again, any marketer who tries to convince you to market your business without considering the operational baseline is just after your money.

from NY Times Magazine

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POSITUS Featured as Guest Blogger

We’re featured as a guest blogger on Strategic Marketing and Public Relations’ blog this week. Our article, “If You Want to Grow Your Business, Ask the Right Questions,” gives some great tips about how to get the best answers to those nagging questions about your business, helping you know where to go, what to do, and what to avoid to make your business explode with growth.

Check out our post on Cheryl’s blog by clicking here.

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