Blog

How to Conduct a S.W.O.T. Analysis

If you’ve never heard of a S.W.O.T. Analysis, then you probably need one. This is a crucial piece to strategic planning and setting business goals and objective.

No matter what industry you work in, a S.W.O.T. Analysis can help you determine your business goals, objectives, and strategic plan. 

What exactly is a S.W.O.T. Analysis?

S.W.O.T. stands for Strengths, Weaknesses, Opportunities, and Threats. If you’re unable to hire a third party company to conduct this analysis for you, here are some basic tips to do this on your own.

Strengths.
Take a look at your analytics and sales and identify the top 3-5 things your business is doing very well. These are your strengths. Many people, including myself, have a hard time talking about the things we’re doing well. But the numbers don’t lie! Do a deep dive into your stats and celebrate your wins.

Weaknesses.
Here’s the part we’re all good at! Identifying what is not going so well. Take the stats you’ve gathered about your strengths, and look at where there is a need for improvement. You also want to understand the why. Is there a reason you’re performing low in one area of business, but higher in others? Are there numbers behind the failures that can help you turn them into wins?

Opportunities.
This is my favorite part of a S.W.O.T. Analysis. Here is where you can take those strengths and weaknesses, and create a strategic plan to turn them into new opportunities for your business. Look at the silver lining.

For example: If you know your social media stats are performing well, but your website traffic is low, you can find ways to direct traffic from social media to your website by adding your website link at the end of every post, or adding more website content that will make people want to visit.

Threats.
Here is where you have to keep it real with yourself. Even more real than when you had to determine your weaknesses. Threats are more than competitors, these are also areas where you can even be a threat to your own business. How are you hindering yourself? Are you afraid to invest in your business? Are you too scared to take advantage of new opportunities? Threats are worse than weaknesses. A weakness can be improved, a threat could potentially end your business.

We only have 4 more months to close out 2018. As you move through the remainder of the year, I challenge you to perform a S.W.O.T. Analysis and prepare your business for 2019. If you need help with this, please do not hesitate to contact me

#BlkWomeninBiz: Rae The Realtor

Rae The REALTOR is originally from the city of Chicago. She moved to Las Vegas, NV with a specific goal in mind; to be the real estate queen. She has many years of experience in commercial property management, and a love for people. All of this helped influence her to become a full-time REALTOR.

Real estate is not an easy job and make certainly not for the faint of heart. Especially in a major city like Las Vegas! Despite the odds, Rae is determined to find solutions for her clients. She understands that this the largest financial decision that most people ever make. She does her best make that process as smooth as possible.

In her free time she enjoys spending time with family & friends and volunteers with an outreach committee setting time aside to give back to the community. Her ultimate goal is to increase home ownership, which is why is why she has home buyer seminars once every 2 months, to introduce FREE down payment grants. I loves the city of Las Vegas because it is growing and there is still an advantage to own real estate. Interest rates are still at an all time low, and even though prices are on a rise affordable housing still exists.

Looking to own a own in Las Vegas? You know who to call! Follow Rae on social media and connect with her today.

rae.seelasvegasproperties.com

facebook.com/raetherealtorlv

Instagram.com/raetherealtorlv

Rae, thank you for joining our tribe of #BlkWomeninBiz!

How to Create Your IGTV Channel

Long form video has hit Instagram! Become an early adopter and create your IGTV today. Not sure how? Follow my step by step guide below.

If you haven’t heard, long form video has come to Instagram! Why? Well, any person truly invested in digital marketing & SEO could tell you that Google and Facebook have been in competition for YEARS! Facebook wants to be a search engine, Google wants to have a social network. It’s a never ending war, but, those of us who rely on both of these platforms will continue to benefit from all their new innovations.

What is IGTV?

IGTV, or Instagram TV, is just like a having a YouTube channel attached to your Instagram page. You can upload longer videos than the typcial 60 seconds Instagram allows for on a normal post.

Why should I make an IGTV channel?

For starters, I have no doubt in my mind that this will blow up. There are already celebrities like Will Smith taking advantage of IGTV and we know how much he loves YouTube (YT is owned by Google, Instagram is owned by Facebook – see why this is a never ending war?).

In addition, this gives you even more opportunity to bring your followers quality content and to increase engagement.

How do I create my channel?

It’s actually VERY simple!

Step 1. Open your Instagram app and click the orange-ish icon in the top right corner, next to the DM button. When you get there, you’ll see a screen like the one below displaying videos from people you follow.

Step 2. Next you’ll click on the settings button and you’ll get a pop up like the one below that says “Create Channel”.

Step 3. Once you select “Create Channel” you’ll see the following screens. Read through them and select “Create Channel”.

     

Step 4. Once your channel is created, you’ll see a screen like this. Go to your channel and from there you can begin uploading videos. As of now, the video cap is 15 minutes.

Keep in mind the videos have to be vertical. Similar to how an IG Live or Facebook Live video is laid out. I suggest if you have some great lives you want to savor, download them on your computer and send them to yourself to upload.

Don’t forget that titles, tags, and thumbnails matter! It may seem tedious but you want your channel to look good and feel professional.

I’m personally excited for new Instagram feature and will fully take advantage of the war going on between Google and Facebook.

If you’re already on IGTV I would love to know your thoughts on it so far! Reply to this email and let me know.

XOXO

There’s no such thing as perfect timing

The time is NOW! Why wait another day to work towards your dreams? Stop procrastinating and make it happen!

I know it’s not Tuesday but I have a thought on my mind. And yes, I know it’s 2am!

How many times have we told ourselves “I want to do ____ but the timing isn’t right” or “In ___ years I’m going to do ____!”

No, I’m not advocating that we all just jump ship and go crazy on all of the things we want to do. What I am saying is, you should not be waiting for the right time to begin preparing yourself for whatever it is that you want to do.

So how do we prepare even if we feel the timing isn’t just “right”?

1. Outline your vision.

Do you REALLY know what the vision is? I’ve had experiences where I had an idea that was one thing but after mapping it out, it became something completely different. Go old school and grab a pen and paper and think of any and every way you can turn that vision into a reality.

2. Create weekly goals.

You should be doing at least one thing per week to work towards your goal. You should also find a way to hold yourself accountable to those goals. Maybe try getting a “goal buddy” or you can try rewarding yourself when you complete your weekly tasks consecutively for a month.

3. Ask for help.

Asking for help in any capacity is something I have always struggled with. I have learned over time that the saying, “ask and you shall receive” is SO true! You never know who can help you or what resources are available to you unless you simply ASK!

4. Stop procrastinating.

The time is NOW! Why wait another day to work towards your dreams? Stop procrastinating and make it happen!

Feeling fired up yet!? Good! Now stop wasting time reading this blog and follow the above steps to crush your goals.

Need help creating a game plan? Lets work! Email info@tjecommunications or check out services and packages offered.

#BlkWomeninBiz: Tyler Townsend

Meet Tyler, a black woman in business striving to lead the way in the cannabis industry.

Tyler Townsend is a 26 years old Cincinnati Ohio native and mother of two. She is also the proud owner of Cincy Sweet Pot. Cincy Sweet Pot provides hemp and cbd infused edibles, oils, soaps and ingredients geared to improve the quality of life.

Tyler has been in the medical field as a lab technician and a phlebotomist for the past 6 years. In 2015, she realized she wanted to be her own boss, but she wanted to make sure that whatever she did, helped others.

She began reading and researching the different ways people use cannabis. When she discovered the different foods that can be made with cannabis, she felt it was perfect fit as she was already an avid cooker; so she began creating her own edibles!

One of the first steps she took to truly explore this new venture, was attending the Mortar Cincinnati Entrepreneur program in 2016. During that program she was able to make connections and learn how to start her own business. From there things seemed to take off!

After Tyler completed the program, she had all the tools and knowledge to turn her business into reality. She got her LLC, a lawyer, a vendors license and a social media page. Many people are unaware that medical Marijuana became legal in the state of Ohio in September of 2016, so at this point she was a step above the competition.

Once it was considered legal, she began traveling to California to meet entrepreneurs and business owners in the cannabis industry. She gained hands on experience and was able to create her own products.

Producing products became easy, but the negative connotation that surrounds cannabis created some hard moments. Tyler had to really educate her peers on the benefits and the components of cannabis. The more she educated others on cannabis, the more the negative connotations subsided.

One of her business goals is to be a WOSB (Women-Owned Small Business). The cannabis industry will be new to Ohio and she’s aiming to be one of the First Leading women in the Industry.

Tyler, thank you for taking the leap to become a leading woman in this new and vastly growing industry. Welcome to our tribe of #BlkWomeninBiz

Visit www.cincysweetpot.com to learn more about Tyler and her business!

What I’ve learned in 4 years as a business owner

Can you believe its been 4 years?! Here’s what I’ve learned.

I didn’t even realize it had been 4 years until LinkedIn reminded me! Now we’re at 4 years and 1 month and in the last few years my life has significantly changed. I graduated college, purchased my first home, become a mother, bought my first car, and not to mention the physical, mental, and emotionally toll that those things bring.

I have had some really low, lows. I’ve also had some successes. Most importantly, I’ve gained wisdom. Here’s a few things you should keep in mind as you grow your business while not losing yourself in the process.

Support is not a given.

You want to know something? Let’s keep it real. Your friends and family don’t believe in you….yet. In my first year or so I had people “support” – share a post here, a RT there. But majority were still skeptical of what I was trying to do. Some still are. Save yourself the disappointment by understanding that support is not a given. Just because you’re besties or related, doesn’t mean you automatically get the support. It’s a hard pill to swallow but you have to respect it. Focus on building and giving people a reason to follow suite.

Stop giving away your shit for free.

Seriously. I’ve had soooooooo (I really want to put a billion o’s but I don’t have enough time for that) many people take advantage of me because I started off giving them free stuff. I thought of it as a way to “build my portfolio” and “gain some experience.” When in reality, people would take advantage of the free and when it was time to pay up, they “no longer needed” my services. Even IF you’re doing free work, you damn sure better be getting something in return.

Routines are mad important. 

I have a fairly strict daily routine for myself that keeps me on track! If I shy away from the routine even just a little bit, I have to accept the fact that I’ll be lacking in other areas. Trust me, I am FAR from perfect. And, no, I do not always hit my daily or even weekly goals. However, at least having them set gives me a general idea of what I should be doing for my business everyday.

Get you a hobby, or two.

I cut cable because I realized I was wasting so much time ready to hit the bed at 8PM so I could lay up and watch every reality television drama you can think of. I mean all of it. Sure these shows are still great in my mind, I had to shift my focus and truly get a hobby.

When I decided to stop working out to lose weight, and start working out to feel great, fitness quickly became a hobby. I compete with my own best results, and I find new ways to challenge myself and test my limits.

Working out truly allows me to clear my mind and relieve stress. If you want to keep a level head in your business, I suggest if you don’t have a hobby (like me until recently) you should do some soul searching to find out what makes you happy – other than your work.

Keep it cute.

People are going to try you, and that’s perfectly fine. Once you decided to become a business owner, you began representing something bigger than you. For me, I hope to build my businesses and hand them down to my daughter one day. That is why it is important to behave professionally at all times. As much as my want to “pop off”, it’s important to keep it cute. You never know who is watching you!

Make your seat unique. 

It’s 2018. More than likely there’s somebody doing what you’re doing. Your job is not to focus on how you can be like them, you need to focus on how you can stand out while staying true to your brand. Once you create a niche for yourself, you’ll be able to be more strategic and you will be much happier!

Disconnect.

Lastly, I’ve learned that at least a few times a week I need to shut it down. No phone, no email, no laptop, nothing. I enjoy taking a step back and just being present. All of the “noise” will still be there when you plug back in.

Thank you to everyone who has been along for the ride! I look forward to seeing where we are at 5 years.

#BlkWomeninBiz: Sharima “Rima” Diaz

Reigning from St. Croix US Virgin Islands, Sharima “Rima” Diaz is a Certified Life Coach, wife, and mother. She is the Visionary behind She is Destined, offering Women’s Empowerment Networking and Consulting organization whose purpose is to Educate, Empower, and Enlighten Women Entrepreneurs and Women in Business.

Throughout this journey, it has been crucial for Rima to stay grounded in God. She heard a lot of “no’s” which initially discouraged her. She realized overtime that the no’s were just God’s way of telling her she was seeking guidance from the wrong person. She knew she needed to completely trust Him and seek His guidance only. The no’s quickly became “YES.” And although she may still receive a “no” every now and then, she knows it’s God ways of telling her, “not right now.”

Black Women in Business - Sharima Diaz

“Being a minority female business owner helps me to understand that within every struggle comes success. Not everyone will be there to assist us but the legacy that we are striving to leave behind is worth every struggle we endure.”

With a growing marketing of business coaches, Rima knows that her authenticity, transparency, and foundation in God ensures she will continue to reach great heights in her career. She has had many amazing accomplishments in her business, including her Chic Print selling out all 100 copies within two weeks of its soft launch – TWICE!

Rima’s advice for a woman wanting to pursue a similar career: just do it! She encourages us all to take the risk and never give up. “Use the fear as your fuel.”

Let’s completely welcome Rima into our tribe of #BlkWomeninBiz by visiting her website and following her on social media!