What’s your business growth opportunity for next year? Identify it. Now is the time. Q4 is upon us. Before we know it, it will be January 2025. So take the time now to really contemplate where you want to take your business next. Once you have that nailed down, you’ll have a clear place to steer yourself in Q1.

Your Growth Opportunity Is Not Swayed by Circumstances

Your business growth opportunity for next should be based on YOUR business. Not so much on outside forces happening in the world. Despite the economy. Or the uncertainty due to the election. Strong brands will survive and thrive in 2025. What makes you a strong brand?

Uncover Opportunities With Probing Questions

Ask yourself some of these questions when you review your business in Q4. These questions will help you determine your success for 2025 based on your successes in 2024.

1. Review your 2024 key clients or customers’ successes. Where have you seen the most business growth this past year?

Make a list. This will give you insight into where your business growth opportunity might be for next year. Looks for patterns and trends in your business’ success. You might just be getting started in some area of your business that will continue to pay off.

2. Is your team convicted that the brand is important?

Review your brand’s foundation. Is your brand strong? Does your leadership team articulate your brand clearly at every internal touchpoint? Your audience needs to be able to recognize you and count on you. They want to see you as the voice of authority, every time they turn to you for answers.

3. Are you communicating consistently?

Consistent communication is key to having a strong brand, and a strong presence in the marketplace. If you are not communicating clearly and consistently about your brand, you are diluting your brand and the competency of your organization.

4. Does your target care about what your brand stands for?

The stronger the emotional connection to your brand, the more likely the target will be predisposed to your organization. What were your successes with your audience this past year? Plan to do more of whatever that was.

Other questions to ask yourself about your business, looking for your business growth opportunities in 2025:

• Are you leveraging your senior team’s strengths?
• What are your strategies? Define these and then everything else should fall under that.
• What are your holes in marketing resources? What do you need help with?

Pro-Tips For Growth

Identifying your business growth opportunities is just your first step to a successful 2024. Reviewing 2024, there are areas where we see success for small to midsize businesses and nonprofits in 2025. Make sure you have this Pro-Tip list covered in Q4 this year, and follow the path to uncover your own insights and build your business in 2025. If you need help along the way, Front Porch has your back.

• Identify your growth opportunity.
• Make sure you have the team needed to realize your goals for your clients.
• Have a plan. Be focused. A marketing plan is important to maximize resources and reduce unneeded spend.
• Sharpen messaging. Review your message map. Make edits where necessary.
• Be strategic. Define strategies and then tactics that will help you accomplish the strategies.
• Remember, tactically, less is more.

In the dynamic world of business-to-business interactions, forging strong B2B partnerships is essential for long-term success and growth. These strategic alliances not only expand market reach but also foster innovation and mutual support. However, building strong B2B partnerships requires careful planning, effective communication, and a commitment to shared goals. Here are some key strategies that businesses can implement to cultivate meaningful and enduring partnerships in the B2B landscape.

Establish Clear Objectives and Alignment in B2B Partnerships

At the core of any successful partnership lies a shared understanding of objectives and alignment of goals. Before embarking on a collaboration, take the time to define what success looks like for both parties. Clarify mutual expectations, identify common challenges, and outline how each partner can contribute to achieving shared objectives. For example, a technology company seeking to enhance its cybersecurity offerings may form a strategic alliance with a cybersecurity firm to jointly develop integrated solutions that address both data analysis and security concerns.

Foster Open and Transparent Communication

Effective communication is the cornerstone of any successful relationship, and B2B partnerships are no exception. Cultivate an environment of open dialogue and transparency, where both parties feel comfortable expressing their needs, concerns, and ideas. Regular check-ins, status updates, and feedback sessions help ensure that everyone remains on the same page throughout the partnership journey. For instance, a manufacturing company building strong relationships with suppliers ensures a steady supply of raw materials or components, fostering reliability and efficiency in the production process.

Prioritize Mutual Benefit and Value Creation for B2B Partnerships

Successful B2B partnerships are ones where both parties derive tangible value from the collaboration. Focus on identifying areas of mutual benefit and value creation, where each partner can leverage their strengths to achieve shared goals. Whether it’s access to new markets, innovative technologies, or complementary expertise, seek opportunities to create win-win scenarios that drive mutual growth and success. For example, a software company may partner with a network of resellers to distribute its products to different geographic regions or industries, expanding its market reach while providing the resellers with a lucrative revenue stream.

Invest in Relationship-Building and Trust

Building strong partnerships takes time and effort, and investing in relationship-building is essential for long-term success. Take the time to get to know your partner’s business, culture, and values, and foster personal connections with key stakeholders. Building trust is paramount, so be reliable, transparent, and honest in your interactions. Demonstrate a commitment to the partnership by following through on promises, addressing concerns promptly, and actively seeking ways to add value to your partner’s business. For instance, marketing and co-marketing partnerships allow businesses to collaborate on initiatives that amplify both parties’ reach and visibility, such as co-creating content or launching co-branded campaigns.

Embrace Collaboration and Adaptability in Your B2B Partnerships

Flexibility and adaptability are essential qualities for successful B2B partnerships. Embrace a spirit of collaboration and be open to exploring new ideas, strategies, and opportunities together. Remain agile in responding to changing market dynamics, evolving customer needs, and emerging industry trends. By fostering a culture of innovation and continuous improvement, you position your partnership for long-term relevance and resilience in the face of uncertainty. For example, companies often form partnerships to enhance their product offerings or expand into new markets, leveraging each other’s expertise to develop innovative solutions that address evolving customer demands.

Leverage Expertise Through Strategic Partnerships

Leveraging expertise through strategic partnerships can provide B2B companies with specialized skills and knowledge to enhance their offerings and market presence. Collaborating with a marketing firm, for example, can offer significant benefits for businesses looking to elevate their brand visibility, generate leads, and drive revenue growth. A B2B partnership with a marketing firm can provide access to a range of marketing services, including strategic planning, digital marketing, content creation, and campaign management. By tapping into the expertise of marketing professionals, B2B companies can develop tailored marketing strategies and tactics that resonate with their target audience and align with their business objectives.

For instance, a professional services company seeking to expand its market reach may partner with a marketing firm specializing in B2B lead generation and digital marketing. Through this partnership, the services company gains access to a team of marketing experts who can develop targeted campaigns, optimize online presence including SEO, and leverage data analytics to identify and nurture leads effectively. By outsourcing marketing efforts to a trusted partner, the services company can focus on core business operations while benefiting from the marketing firm’s industry knowledge, resources, and experience.

Cultivating Strong B2B Partnerships is a Win-Win

In the interconnected world of B2B commerce, building strong B2B partnerships is not just advantageous — it’s imperative for sustainable growth and competitiveness. By following these strategies and incorporating examples of specific partnership types, including collaborations with marketing firms, businesses can cultivate meaningful and enduring partnerships that drive mutual success. As you navigate the intricacies of B2B relationships, remember that the strength of your partnerships lies in your ability to collaborate, communicate, and innovate together.

Networking is perhaps an undervalued, but critically important aspect of marketing. In the world of marketing, staying ahead of trends, understanding emerging technologies, and leveraging innovative strategies are immensely important. However, amidst the whirlwind of digital campaigns, content creation, and market analysis, one fundamental aspect remains critically vital: networking. This week, as some of our team is attending the Marketing 2.0 Conference, let’s delve into the significance of networking within our industry, particularly through conferences and conventions. 

Networking is a Gateway to Opportunities 

Networking serves as a gateway to a multitude of opportunities; including partnerships, client leads, mentorship, and the exchange of ideas. More often than not, who you know can be as important as what you know. Creating meaningful connections can catapult your career and business to new heights. 

The Value of Face-to-Face Interactions 

While social media and digital platforms offer convenient ways to connect, they cannot always replicate the value of face-to-face interactions. Conferences and conventions provide a unique environment for marketers to engage in real-time conversations, offering a depth of communication that virtual encounters cannot match. The exchange of ideas, the use of body language and the immediate feedback of in-person discussions enrich the networking experience and can foster stronger, more meaningful connections. 

Networking Means Learning from the Best 

Attending conferences and conventions exposes you to impressive leaders and innovators in the marketing world. Keynote speeches, classes, and panel discussions provide exceptional insights and knowledge, highlighting cutting-edge trends that have yet to become mainstream. These learning opportunities not only inspire but also equip you with fresh ideas and approaches that can be applied to your own business. 

A Platform for Visibility 

Participating in these events offers an invaluable platform to raise your personal or brand’s visibility within the industry. Presenting a paper, leading a workshop, or simply engaging in discussions can position you as a thought leader. In turn this can open doors to media coverage, speaking opportunities, and collaborations. The exposure gained can significantly enhance your reputation and credibility among peers and potential clients. 

The Ripple Effect of Sharing 

One of the most underrated aspects of networking at conferences is the ripple effect it creates. Sharing your own experiences, challenges, and success stories not only contributes to the collective knowledge but also helps in creating meaningful connections. This mutual exchange fosters a sense of community and support within the industry. 

Looking Ahead 

As our team prepares to immerse ourselves in the upcoming Marketing 2.0 Conference, the focus extends beyond just attending. It’s about actively participating, engaging with new faces, and absorbing every bit of knowledge and insight available. The importance of networking in marketing cannot be overstated, and conferences and conventions represent a place for nurturing connections that could shape the future of your business. 

This is anniversary number 13 and it is sweet and humbling. And I am forever grateful for our team, clients and advocates.

13 is a lucky number.

It represents fearlessness. And, although at times fearlessness is hard amidst all that is going on with our business, clients, family, and in the world, for our business and me it is a guidepost.

Today I’m sharing 13 branding and marketing truths that still ring true, to celebrate our 13^th year of doing what we love.

1. Branding – Start-ups and small to midsize businesses who have defined and live their brand architecture achieve their business goals.
2. Conviction – Successful businesses and business leaders articulate their brand. They know it stands for a specific and meaningful promise. These business leaders champion it internally as well.
3. Consistency – Our clients deliver on their brand at every point of contact, internally and externally. They understand if they don’t it will dilute the competency of the organization.
4. Connection – The relevancy and persuasiveness of a brand must be realized by the business’ target. Emotional connections make target audiences more predisposed to your company and its products or services.
5. Knowing you are not your customer.
6. Yet, knowing who your key client or customer targets are key.
7. Defining and monitoring the competitive landscape.
8. Creating and integrating key messages into all communications.
9. Being grateful for your relationships. Give back to those who support you. Encouraging them and providing help to them professionally or their businesses along the way.
10. Networking – This doesn’t have to be large groups, weekly or monthly meetings. But those help. Always be open to meeting new people and trying to help or connect with them.
11. Email marketing is the bomb. Don’t underestimate its power.
12. Having and trusting strong account managers, creative directors and content specialists. They make magic happen.
13. Work with people who you love, for those you love, creating and executing work you love, whilst taking care of your loves.

In the competitive landscape of B2B industries, the ability to effectively showcase your B2B business can make all the difference in attracting potential clients. Thus the way you present your products and services reflects your brand’s identity and influences decision-makers. Showcasing is one of the tools you might consider including in your marketing strategy for 2024. You want to help your small business stand out? Find ways to showcase your B2B products and services. And leave a lasting impression on your target audience.

Elevating Your B2B Showcase Game

When it comes to B2B success, it’s not just about having excellent products or services; it’s also about how you present them. The ability to showcase your B2B business effectively can be a game-changer. Ultimately, you can influence purchasing decisions. You can set yourself apart from the competition. So here are five innovative strategies that can help you elevate your showcase game and leave a lasting impact on potential clients.

Immersive Virtual Product Demos: Step into the Future

With the rise of virtual technology, immersive virtual product demonstrations are a cutting-edge way to showcase your B2B products. In fact, utilizing virtual reality (VR) or augmented reality (AR) provides potential clients with a hands-on experience. Further, it allows them to interact with your offerings in a simulated environment. This not only adds a wow factor but also enhances understanding, making it a memorable experience for your audience.

Interactive Webinars: Engage and Educate

Hosting interactive webinars is a dynamic way to showcase your B2B products or services. Create engaging presentations that allow participants to ask questions, provide real-time feedback, and see your offerings in action. First, use this platform to highlight key features. Next, share success stories, and address pain points your target audience may be facing. Overall, webinars not only showcase your expertise but also build a personal connection with potential clients. We work with Integrated Advisors Network who hosts webinars on topics relevant and helpful for their B2B clients.

3D Product Animations: Transform the Viewing Experience

Incorporate 3D product animations into your showcase strategy to provide a visually stunning and detailed view of your B2B products. These animations can be embedded on your website, shared on social media, or included in presentations. This approach allows potential clients to explore every angle and functionality of your offerings. This helps foster a deeper understanding and appreciation for your products or services.

Collaborative Online Workshops: Hands-On Learning

Offering collaborative online workshops is an excellent way to showcase your B2B products — while providing valuable insights to your audience. Further, these workshops can include interactive sessions. Here, clients can test your products in a controlled environment, ask questions, and receive immediate feedback. So this hands-on approach not only showcases your offerings but also positions your business as a knowledgeable and supportive partner.

Personalized Product Showcases: Tailor-Made Experiences

Lastly, consider creating personalized product showcases tailored to the specific needs and preferences of your clients. Use data and insights to curate a showcase that highlights the features relevant to each potential client. This personalized touch demonstrates a commitment to understanding your client’s business and provides a bespoke experience that resonates with decision-makers.

Unleash the Power of Innovatively Showcasing Your B2B Business

Overall, finding innovative ways to showcase your B2B products is essential for staying ahead. Whether you opt for one of these ideas, or other innovative marketing methods, the key is to create memorable experiences. The goal? Resonate with your target audience. Embrace a showcasing strategy, and elevate your B2B brand. Leave a lasting impact and setting the stage for long-term success.

On the Porch, we are honored to market brands at different stages, from marketing plan to exit plan. We partner with businesses in start-up, growth, established and exit stages. Our team recently celebrated a business owner whose brand we evolved. This business owner sold the business to a larger company. When this happens, we take great pride in the role we had on the journey. We tangibly helped that owner and business reach their end game.

So how does marketing change at the different stages of a business? Just like a person growing from a baby to an adult, your business has different needs at every age to thrive.

Start-up Stage Marketing

Branding is paramount in this phase. Brand architecture and identity development are critical out of the gate. Once that is complete, the rest flows from there. The foundational collateral, like business cards, letterhead, and the like are developed. After that, website development and digital strategy follow.

Growth Stage Marketing

Businesses in the growth stage come to us as they are looking to target a new demographic or geography. They may expand their product or service offerings. Or the business owner wants to grow existing business. Typically, a new marketing strategy and execution are developed. This involves increasing existing marketing spend. Sometimes, rebranding is needed.

Established Stage Marketing

Your brand is established. But growth is still a desired outcome. How can you market differently at this stage to stay relevant? Updated market research and consistent data analysis are critical. Now may be the time to take risks. What haven’t you done? How can you push the envelope on creative or campaigns? Are your current marketing initiatives consistent? Do you need a brand audit?

Exit Stage Marketing

Ready to position your brand for living on its own, without you at the helm? Although it may seem counterintuitive, now is the time to invest in your brand. First, revamp your marketing strategy. Next, follow industry best practices. It is critical to be the brand authority. Then, increase brand awareness, all the while increase sales. Finally, audit marketing content. How is your website UX/UI? Do you have technical gaps? Make sure sales and marketing are aligned.

What stage is your business in?

Don’t know which one of the different stages your business is in? Let us help. However, if you do know, we can also be your branding and marketing partner. We take pride in our relationships with brands. And we are honored to work with smart, innovative business owners and leaders. So let us help you reach your end game however you define it.

Establish the 2024 Marketing Plan for Your Business

The fourth quarter is 2024 marketing plan time. And there is still time to accomplish this important business exercise to cultivate growth in your business. Are you ready for 2024? On the Porch, marketing plan meetings are set with clients through early December to get ‘er done. It keeps the business and team focused. Save valuable resources — time and money — by creating yours now. Holler if Front Porch Marketing can help!

Marketing Plans 101

So, where to start? We would be happy to help, of course. But, if you want to tackle it on your own, let us help entertain you.

1. Start by asking yourself the question “What are your 2024 business goals?” Marketing plans should align with what your business is trying to achieve.
2. Then, based on projected 2024 revenue, budget a percentage of that revenue for marketing to meet growth targets. Research shows that on average companies are budgeting 9–10% for this purpose, for the second year in a row, for a variety of marketing activities. Protip: companies trying to gain market share are allocating more even in these uncertain times.
3. Once the marketing budget has been inked, set your marketing goals. Goals should always be measurable and be able to be tracked on a monthly or quarterly basis. Measuring your progress is important! Define how success will be measured.
4. Next, analyze your company’s situation and create or update the SWOT analysis. And then, analyze where competitors sit within the space. Then, define or redefine the target clients or customers.

Bring Your Marketing Plan to Life

Now that you have the start of a marketing plan written, think about how you will fulfill it. Set your marketing strategies. Strategies are long-term and create the pathway through to the business’s mission. They drive all of the marketing activities.

Next, define your marketing tactics. Will you be using advertising? Social media? Media relations? How will you execute against your strategy? Tactics are more detailed and have a shorter time frame. And tactics are action oriented. Think of tactics as the answer to how strategies will come to life. Are there tools in place for reporting on your company’s tactical success? Who is responsible for reporting and measurement? Set your structure in place for next year.

Finally, create a marketing timeline for all these activities. What needs to be completed and when? Make notes on who is responsible for tactical execution and when.

Review What Worked and What Didn’t in 2023 to Make 2024 Better

Make sure to revisit the marketing plan from time to time. Audit last year’s efforts, and this year’s efforts to gain insight on what to do better next year. Some folks do it quarterly, some more frequently. And cheers to your business success through strategic, thoughtful branding, marketing, advertising and marketing communication in 2024!

Looking For More Than a Beach Read? Try One of These Marketing Books.

Building a StoryBrand: Clarify Your Messages So Customers Will Listen

Written by Donald Miller, this book is the perfect guide to strengthen your relationships and loyalty to your consumers. This book draws on the seven universal powers of storytelling. It teaches you how to craft a brand story to gain a competitive advantage in a crowded marketplace.

Building a StoryBrand is the marketing book that will transfigure the way you sell your brand. And the value it brings. It is for leaders who are wondering how to create a clear and consistent brand message. This book is the perfect read for helping you reach your audiences.

Contagious, Why Things Catch On

This book written by Jonah Berger explains the science behind how word-of-mouth and social transmission work. Berger reveals six principles of how ideas and products catch on, appealing to business leaders, politicians, health officials, and anyone trying to sell an idea or product. The book was a New York Times bestseller. It was also awarded the best marketing book in 2014 by the American Marketing Association.

For scientific and analytical thinkers, this is the best marketing book to help you understand the science behind the human brain and natural human tendencies when marketing your brand.

Hacking Growth: How Today’s Fastest-Growing Companies Drive Breakout Success

Looking to rapidly grow your brand? Hacking Growth by Sean Ellis and Morgan Brown is perfect for you. This read touches on the marketing strategy called Growth Hacking. It originated in Silicon Valley and refers to the rapid growth of a company. This book provides you with all the necessities and tools. Your teams can use it to maximize growth, customer base, and market share in a reasoned and deliberate way.

Positioning: The Battle For Your Mind

Are you overwhelming your customers with information? Are they skeptical of the over-consumption of media? Then this marketing book written by Al Ries and Jack Trout is perfect for you. The goal of this book is to keep your brand’s strengths and weaknesses in mind, and use this information to strategically position your company in the customer’s minds.

Whether you are new to the market or seasoned, this book provides you with the information to put yourself in your customer’s shoes. Make an educated approach to align your brand with your customer’s needs.

Permission Marketing: Turning Strangers Into Friends and Friends Into Customers

Seth Godin reveals his alternative marketing strategy of advertising goods and services only after getting advance consent. People do not respond positively when their lives are “interrupted” by unwanted advertisements.

This book shows brands how to effectively use permission marketing and the wide success it has had on various companies. If you are looking for a way to passively market your brand in a manner that consumers will find subtle and professional, this is the perfect book to read.

Q&A from a small business owner

Small businesses are the heart of America, but what would it look like to start a small business in the post-pandemic world of today? Life in corporate America has changed drastically since the start COVID-19 pandemic. Turnover rates have skyrocketed and a growing sense of burnout has people looking for flexible, fulfilling enterprises. So, when the 9-5 isn’t cutting it anymore, why not become your own boss?

Turn a passion into a money making machine that pays the bills and gets you out of the office. My personal friend, MJ, did just that. She created Ambrosia and Honey, an online art shop specializing in fantasy novel merchandise. I got the inside scoop on how MJ turned her drawings into a successful, growing company, as well as the hardships and victories she encountered along the way. 

1. What made you want to start your small business?

I started to read again after graduating college. I loved reading as a kid but school took up too much of my time and that passion got put on the back burner. A few months after graduation I got a job as a concept artist and was living with my parents. I had tons of free time after work and was burning through several books every week.

After 6 months working I realized that I really don’t like working for a company. No matter how cool the assignment was, I found that I could never bring as much passion to my job as I did to my personal work. I got into a bit of a bad place where I wasn’t sure what I truly wanted anymore. My goal was always to become a concept artist so why wasn’t I happy?

That was when I discovered the bookish community on TikTok and Instagram. I found so many other people that loved to read as much as I did, as well as other artists who created amazing bookish shops. I thought to myself “well I could do that.” And so I did!

2. How have your priorities changed from when you first started?

I don’t think my priorities have changed as much as my goals have. Originally I started the shop with the goal to share my art and maybe make a few extra bucks on the side to pay for gas, seeing as I drove 45 minutes to and from work every day. I was already creating fanart for myself, I figured other people might like to see it too.

Well as it turns out a lot of people like to see it and the shop is now my full time job! My current goals are more in the realm of expanding the company so I can keep up with the demand and creating even better products. My small business priority has always been quality over quantity. 

3. Knowing what you know now, is there anything you would have done differently when you were first starting out in your small business?

I would have done preorders from the start. I didn’t realize that social media engagement didn’t equal actual sales so I ordered way more product than I actually needed.

4. What has been the hardest thing about starting your own business? 

The hardest thing has probably been the accounting and business side of things. The art comes easy but the legal things you have to take care of are incredibly frustrating and time-consuming.

5. What is unique about your small business?

I think the fact I make art based on books is pretty unique. Most fan artists make work based on tv shows, films, or anime but the bookish community is relatively niche. My work itself is another thing that separates me from other bookish shops. The majority sell apparel, candles, or jewelry while I sell decor.

I combine digital painting with 3D elements to create something that’s never been done before. Of course this isn’t to say those shops are bad — on the contrary! My fellow bookish shop owners have become some of my dearest friends. I just mean to say mine is slightly different from the rest.

6. What do you look into when making a new product for your business? 

I have an entire notebook full of ideas I can’t wait to show everyone! Often times they come to me while I’m driving or when I’m about to fall asleep. That’s the easy part; scheduling is the main problem.

Due to how time-consuming each launch is, I’m only able to do one every few months so I have to be very strategic when they’re placed throughout the year. Seasons, holidays, book release dates, etc. all play in to what I choose to design and when. I definitely get inspired by my fellow bookish shops but my work is different enough from them that I generally just to my own thing.

7. How do you market your business? What is the most useful/successful?

Social media is essential to my small business! I personally use both TikTok and Instagram. Understanding how the algorithm works is the best skill you can learn in terms of marketing. Good lighting, engaging captions, and posting at the right times will take you far. If you don’t know where to start, look at other accounts to get inspiration. 

8. Any advice to someone starting a small business?

My biggest piece of advice is to be approachable! Let your followers get to know you and create a community. Post relatable content with insights into your personal life. Pull back the curtain and show what’s behind the scenes. People want to follow people, not brands.

Are you ready to start your own small business?

Starting a small business is no easy task, but it might be just what you need if you’re feeling bogged down by the corporate machine. They say if you’re good at something you should never do it for free, and if you’ve got passion and determination it can take you where you need to go. We’ve even got more tips for marketing your small business to help you get started.

Hopefully these tips can help you or someone you know who is looking to start their own small business! Huge thanks to my friend MJ. Remember to check out her shop Ambrosia and Honey online, and don’t forget to shop small!

Seasoned Business Leaders: You Don’t Know What You Don’t Know

As a seasoned business leader, the old adage, “You don’t know what you don’t know,” has been replaying as a reminder in my mind over and over again for the last year. Sometimes when you’ve been doing a certain thing for a long time, you might become insulated from innovation by doing things the way you first learned them. You might even forget the best practices you learned at the beginning in favor of doing what works at the moment in your business. At this point, reminders for seasoned business leaders can be helpful to continue to grow.

So this week I’m sharing here some reminders for business leaders who may need a refresher on the must-dos and must-haves when things are rockin’. And even before they’re rockin’. These apply whether you are a start-up or veteran. I was reminded this week of what I don’t know when I launched a new business of sorts, and finally brought it to life.

Seasoned Business Leader Turned Start-Up (again)

As most of those who know me know, my son is in college in Central Florida. After his freshman year and countless visits to Florida, more for my sake than his, I had an idea. Buy a place in Florida. I’m there all the time to see my son, and when I’m not there I could rent it out to others who would enjoy the beach as much as my family does.

So, I did countless hours of research. Ran numbers backwards and forwards. Consulted my business advisor. Then, did more research. Then, I contacted several owners of rental properties and local small business owners in New Smyrna Beach, Florida. Next, I refinanced the house. In addition, I had to take out another significant loan to get this idea off the ground.

As I last blogged, this is not my first rodeo. But, I am here to tell you old dogs do forget the new tricks. As a seasoned business owner, I was reminded in the course of this new project, just how much these business basics matter.

Business Leader Basics to Remember

1. Finances

Make sure you have extra in the budget for unexpected expenses during start-up. Money isn’t made in the first and sometimes second year of business. Remember that. Another thing going through my head these last few months is that real estate is a long term investment, as most businesses are. Seasoned business leaders know to endure the short term pains for the long-term gain.

2. Time

Remember that time is your inventory. Don’t go down rabbit holes. Overthinking and questioning yourself aren’t necessary. Stay focused on what matters. Make decisions and then move on. Most of all, be efficient in all you do.

3. Support Network

Partner with the experts. I don’t know construction. Or anything about the short-term rental space. Nor do know much about HOAs, (but I do now) so I found and made friends with the BEST in these categories. I am so grateful for them and their expertise. Also, my family and friends were there when I needed to vent, cry, scream or say queue #5.

4. Front Porch Marketing Team

If you have two businesses, make sure each of the business teams are in support of the other. The Front Porch team kept the Porch rockin’ while I was bobbing and weaving in and out so I could get Calming Corner (our new beach space) up and running. Seasoned business leaders build teams they can count on in crunch times.

5. Saying Uncle

Yes, you can have too much on your plate. So ask for grace. Be nice to yourself. Realize you do have physical and mental limitations.

6. Good Enough

Our first renters were to arrive at 4 p.m. on the 1^st of April. There was cleaning to be done. Some pictures were not hung, etc. But the place was beautiful. It was time to finish the cleaning and save the rest for the next time she was vacant. Good enough is sometimes perfection.

“The Calming Corner” is Up and Running

I am proud to say that as we are building this rental business, we are also supporting other local businesses. The new couch is manufactured in Florida by a Florida-based company. The patio furniture is manufactured in Volusia County and the business is owned and operated by a local husband and wife duo. And our boutique vacation rental company, Florida Vacay Rentals, is owned by a local female rock star who is also my “Florida Anchor.” And I am honored to call her my friend.

So here is my shameless plug for Calming Corner, our new Front Porch view! Please note, NEW photography coming soon, because there are all new floors, paint and furniture. And there is a fabulous remodeled master bath. Shorehom by the Sea, Unit 54, also has a new bedroom pocket door, a new pantry, a new washer dryer closet and more.

Oh, and, as of April 6, it has a brand new air-conditioner, that was not in the budget … sigh.