Mind boggling! The entire business landscape is going through a metamorphous of sorts…nothing is business as usual anymore! Really, nothing is!

I see business sector after sector old standby models falling apart everywhere. New approaches are being developed; existing business systems are being redefined and challenged while others are completely collapsing.

It’s as though someone took a giant stick and hit the business piñata and bam!!! We have an explosion of winners, losers, new kids on the block staking claim, giants falling, bewildered and confused executives and shareholders, fraud, fear, excitement, status quo and just as Elvis Presley said “A Whole Lotta Shaking Going On!”

The way I see it is we are in the midst of what I call ‘The Great Business Digital Divide.’ On one side of this gap we have two groups; the various companies, businesses, entrepreneurs, etc. who are not even aware of what is going on and/or they don’t realize we are in a brand new business era that looks and feels nothing like the past 100 years or so. Then there is those who know and sense things have changed but have no clue as to what they should be doing, what kind of people they need on their team and were to go to get the help they may need to successfully go through this transition.

On the other side of this gap are two more groups as well. One of these are those who have understood they needed to make some radical changes in the way they run their business because it is certain what they have relied on for years is no longer working. They have begun to institute some things that to an untrained eye give them the appearance they are plugged in and are 21st century business mavericks. Very much what Seth Godin described in his book Meatball Sundae.

The second group is those who have not only embraced the digital business revolution going on but they have had a hand in its birth and development. I’m not talking about techies here. I am referring to digital savvy, fresh thinking creative’s who have been on this journey for quite sometime…some longer than others. These are the ones who understand things like mission statements and status quo are DEAD and for those who hang on to this mentality, they are most likely on their last leg. This goes for the giants in business to the local auto repair shop. This is the group who are excelling and getting positioned for market share that will move them into dominance in their niche.

So what’s a business to do if they are not in the latter group?

I for one believe their doing should only happen after they have done the work of defining their unique and tactical strategy. Let me make myself perfectly clear here, this is not a one time activity I’m talking about, no; it must be an ongoing part of your marketing and business development!

One of the most frustrating things I see going on with many I come across in business today is they are in such a hurry to get out there they don’t invest the time, effort and money to develop killer strategy to ensure their success. The truth is, without well defined strategies in today’s new marketplace you are either going to fall into the category of a ‘me-too’er, a ‘clueless’ or a ‘that’s how it’s always been done in this business’ type. All of which will not cut it anymore.

Why? Mainly because the consumer is in charge not you…and today’s world is driven by technology. These have never really been factors of consideration most existing business models were designed around. Add to that, there is such competitor saturation in the marketplace many businesses are finding it very hard to stand out and get attention.

Clearly…if you want to be successful in this new marketplace one essential asset you must posses is you highly value and prioritize strategic thinking and planning when it comes to your business.

The dictionary defines strat⋅e⋅gy  as;
a plan, method, or series of maneuvers or stratagems for obtaining a specific goal or result: a strategy for getting ahead in the world.

Creating your strategy involves creative thinking, LOTS of research and feedback, planning, execution, experience, etc. to name a few. Marketing research is one of the fastest growing sectors in business today. Recently Inside Research recognized comScore as a leading market research industry publication and as the fastest-growing major global market research firm over the past five years. Why is that? Because understanding your target market and planning your strategic approach of action are more valuable and important than ever! Business is changing and evolving very, very fast and you do not have the luxury to lean on much trial and error or not being in the know. Knowledge is a key factor in creating strategy but so is creativity.

Maybe now is a good time to take a fresh look at who you have on your team? Any creative’s around? Any strategic thinking detailed people in your corner? Are you plugged in to research and feedback for your target market?

The New Business Era Currency…Got Strategy? If you don’t, I suggest you get busy to find those who can help you get it!

He indicated a busy businessman would pay $20 month to have their Facebook, Twitter, Plaxo or Bebo account updated, messages replied and so on and this would be way cheaper than hiring a new employee in-house or contracting independent U.S workers.

Sounds reasonable right? Well I guess it is if you want a surefire way to go out of business quickly in this new day and age. Look…haven’t we had enough experience with what a bad idea this greed driven approach is yet?

The notion you can use ‘canned’ conversations, get rich quick schemes, famous quotes, and other non relevant chatter to build real relationships with customers in the ‘socialsphere’ is just plain gimmick and lazy approach thinking to try and capture consumers. People are way too smart for this!

Today’s consumer not only can read right through this type of hype and pitch…they will absolutely loathe you for it.

Am I saying having a 3^rd party service your social media marketing is a bad thing? Absolutely not! In fact, it can be a brilliant action on your part and certainly position your business probably faster and more effectively than you can on your own.

What I am saying here is don’t think you can be lazy or half stepping this stuff.  The work necessary to provide targeted and relevant content that is sincere and meaningful on behalf of your business rather than a bunch of noise, will and should rest on your shoulders. That means you have to be willing as well as sincerely committed to doing the work it takes to successfully engage with your customers and potential clients in the online social scene. It should be placed as a priority right up there with the other things you are doing to grow your business.

In my experience working with clients it saddens me to see many are not willing nor do they see the importance of truly committing to adding Social Marketing into their everyday marketing mix and strategies. And don’t think that I’m finding this with just small business. The folks over at Social Times posted an article on this very thing… 50% of Companies Entering Social Media Have Plan. Their take on a couple of recent reports on this topic revealed even large corporations are not investing their time, money and efforts to create meaningful strategies and plans in order to ensure their company is emotionally connecting with their target markets. Many think you can rest on your brand, just ‘show up’ or put on a charade to appear you are in the trenches with 21st century marketing and they are in with the customer.

Not true! Today’s new business era will no longer support or tolerate status quo mindsets and approaches. Just like having an offline relationship takes lots of personal investment, so it is with online. No free rides for marketers. No free rides for business. People do not care about your brand like you think they do. This is the age of the great awaking for anyone in business. Integrity, intent, motives and transparency are the tell-tell signs of what a business really wants from and with a customer.

What about you? Does your business have a plan, well defined strategies for incorporating Social Media into your marketing and business processes? If not, would you if you knew how to get started? Let me hear from you what you feel you need in order to transport your business into the 21^st century way of doing business.

Oh, also bookmark Jay’s website while your at it. He has a great forward thinking mind!

Also, while you are at it…check out the Facebook Era website where Clara Shih has wrote a new book explaining the psychological shift going on in minds and hearts of consumers!

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Every type of online advertising scored better with consumers in 2010 than a year ago.

Consumers say articles that include brand information are the type of online advertising they’re most likely to read and act upon, compared to banner ads, pop-up ads, email offers or sponsored links.

Article-based advertising was preferred by 53% of respondents who said they are “very likely” or “somewhat likely” to read and act upon the material.

Coveted demographic groups are even more likely to express a preference for articles. According to the survey, 66% of people between the ages of 25 and 34, and 60% of those making at least $75,000 per year, say they are “very likely” or “somewhat likely” to read and act upon article-based advertising. Pop-up ads were least likely to be read or acted upon.

In the national study of 1,053 adults conducted in March 2010, survey respondents rated their likelihood to read and act upon five types of online advertising: banner ads, pop-up ads, e-mail offers, articles that include brand information, and sponsored search engine links. Respondents said they were “very likely” or “somewhat likely” to read and respond to:

Articles that include brand information: 53% compared to 51% in 2009.
Email offers: 51% compared to 47% in 2009.
Sponsored search engine links: 40% compared to last year’s 39%.
Banner ads: 28% compared to 25% in 2009.
Pop-up ads: 19% compared to 13% in 2009.

Now you tell me how anyone in business who is fairly intelligent can ignore this or not see the significance of what is going on here? Honestly, it does not take a PhD to see this in not just a trend! No this is the END of business as usual forever. This is a new age, a new business era, and huge shift in our culture.

This is so significant that anyone in business whether it be the local cleaners to the hair stylist…would be foolish not to embrace what is going on and partner up with professionals who can help them bring their business practices into the 21^st century way of doing business.

If you need referrals to fine folks who do this contact me. I will be glad to refer you.

Facebook Company Timeline

2010

• February

Facebook reaches over 400 million active users

2009

• December

Facebook reaches over 350 million active users

• September

Facebook reaches over 300 million active users

• August

Facebook acquires FriendFeed

• July

Facebook reaches over 250 million active users

• June

Facebook launches Facebook Usernames

• May

Digital Sky Technologies makes a $200 million investment for preferred stock at a $10 billion valuation

• April

Facebook reaches over 200 million active users

• February

Facebook reaches over 175 million active users
Facebook joins OpenID board
“Like” feature added

• January

Facebook reaches over 150 million active users
CNN Live/Facebook integration

2008

• December

Facebook Connect becomes generally available

• August

Facebook reaches over 100 million active users

• April

Facebook launches Facebook Chat
Facebook releases Translation application to 21 additional languages

• March

Facebook updates privacy controls to include Friend List privacy
Facebook launches in German

• February

Facebook launches in Spanish and French

• January

Facebook co-sponsors Presidential Debates with ABC News

2007

• November

Facebook launches Facebook Ads

• October

Facebook reaches over 50 million active users
Facebook launches Facebook Platform for Mobile
Facebook and Microsoft expand advertising deal to cover international markets; Microsoft takes a $240 million equity stake in Facebook

• July

Facebook acquires startup Parakey

• May

Facebook launches Marketplace application for classified listings
Facebook hosts F8 event to launch Facebook Platform
Facebook Platform launches with 65 developer partners and over 85 applications

• April

Facebook reaches 20 million active users
Facebook updates site design and adds network portals

• March

Facebook reaches over 2 million active Canadian users and 1 million active UK users

• February

Virtual gift shop launches as a feature

2006

• December

Facebook reaches more than 12 million active users

• November

Share feature added on Facebook, simultaneously launched on over 20 partner sites

• September

News Feed and Mini-Feed are introduced with additional privacy controls
Facebook expands registration so anyone can join

• August

Facebook development platform launches
Notes application is introduced
Facebook and Microsoft form strategic relationship for banner ad syndication

• May

Facebook expands to add work networks

• April

Facebook raises $27.5 million from Greylock Partners, Meritech Capital Partners and others
Facebook Mobile feature launches

2005

• December

Facebook reaches more than 5.5 million active users

• October

Photos is added as an application
Facebook begins to add international school networks

• September

Facebook expands to add high school networks

• August

The company officially changes its name to Facebook from thefacebook.com

• May

Facebook raises $12.7 million in venture capital from Accel Partners;
Facebook grows to support more than 800 college networks

2004

• December

Facebook reaches nearly 1 million active users

• September

Groups application is added; the Wall is added as a Profile feature

• June

Facebook moves its base of operations to Palo Alto, Calif.

• March

Facebook expands from Harvard to Stanford, Columbia and Yale

• February

Mark Zuckerberg and co-founders Dustin Moskovitz, Chris Hughes and Eduardo Saverin launch Facebook from their Harvard dorm room

Source http://www.facebook.com/press/info.php?timeline

For many of us it conjures up memories and emotions of wholesomeness, family, fall colors, great food and of course, being thankful to God for all of the blessings we have.

Despite the fact Thanksgiving is just about being swept off the map and overshadowed as a major holiday these days…it will always be a significant holiday I will respect and honor in my lifetime.

I believe Thanksgiving 2009 offers up a special opportunity to those of us in business. No doubt it’s been a tough year for many of us here in the U.S. despite what the news says. I was just reading in my local paper that most folks say (that’s you and I not the talking heads) that the economy hasn’t hit bottom yet.  In fact, many were saying things like things like …

Don’t buy the bull! Anybody who thinks things are turning around is living in a dream world.

Worst yet to come. Hold on to your wallets folks. It’s only starting.

Something is very wrong in America. Have you ever known a federal government to do anything efficiently?

This one really hit home with me…

Stimulus didn’t work. No matter the media is reporting unemployment rose to 10.2 percent in October 2009, the Bureau of Labor Statistics reported today. The economy shed 190,000 jobs in October for a total of 7.3 million jobs lost since the recession began in December 2007. That does not show any signs things are getting better. What are all those people doing to make a living now?

You can agree or disagree with these views but the point is the U.S. has had a tough year and many businesses have seriously felt the effects of those 7.3 million job losses and all the other things going on in the 2009 economy.

I point all this out to lead to what I call a “blessing in disguise for those of us in business”…and that blessing is wrapped up in this year’s Thanksgiving!

Why do I say this?

Well for starters, this holiday can be an extremely helpful milestone for us to look back over our should as to what the past 11 months held so we can learn from it. At the same it can be the pivotal point for looking forward to the new year and getting our bearings to make adjustments before the onslaught of the mad rush and stress the Christmas holidays and the New Year always bring no matter how hard we try to fight it off.

Think about it. If this is a part of your 2009 strategy, this alone could help transform your business for 2010!

But that’s not all. Thanksgiving also offers us the opportunity to reevaluate the heart of our business. What I mean is, in case you haven’t noticed, customers no longer will not accept lip service, status quo, missions statements, slick advertising or gimmicks and all that phony baloney stuff. What they want are businesses to walk their talk, demonstrate you deliver what you promise you will, be treated with respect and such. They want to be loved!

I know that may sound corny but it’s been said its one of the greatest need we humans have and we do some crazy things to try and get it. Why not sincerely give it to your customers… if it’s what they want? Thanksgiving can be the perfect time for you to fall in love with your customers again. It’s also a great time to redefine what kinds of customers you really enjoy working with too you know.

In addition, Thanksgiving is steeped in transition. Fall to winter, end to new beginning, and fast pace to slowing down. See the opportunities in transitions.

Every business that wants to succeed in the 21^st century needs to get very good at transitions. Business will never be the same as it was and as it continues to evolve and morph just like the seasons do, I believe anyone in business who does not embrace change in this new business era will likely not make it over the long haul. What transitions will you employ in your business for 2010? Keep in mind; transition without creative strategy is just busyness. Thanksgiving is a good time to seriously think about this and start planning.

Lastly, but not least…Thanksgiving 2009 holds incredible opportunity to transform your business because its very purpose is about being thankful and blessing others. Despite what has gone on with this lousy economy this year…anyone still in business, both large or small has many reasons to be thankful.

This has been one of the toughest times to be in business this country has seen in a long, long, time. Being thankful for our business, our employees (if we have them), or customers and vendors just does something magical to your outlook and purpose for being in business.

Business is people serving people. That’s why it even exists! People are at their best when they are thankful and that most certainly translates into their businesses.

Man, I love Thanksgiving and all the blessings God has bestowed upon me even though I have had one tough year in business. I also love I can have a business in the greatest country in the world, America.

Have a very ‘blessed’ Thanksgiving everyone.

Although I this one is last, it can be just as damaging for a business as the other three I have already covered.

I call this Business Suicide Mentality #4: The “I Don’t Have Too; I Don’t Want Too, I Will Not Change!” Mindset.

Yep, Change…it’s a word we all know yet often we find we are naturally opposed to the meaning of this word.  We find change is disruptive and unsettling, so we resist it.

The dictionary defines change as…

Change

to make the form, nature, content, future course, etc., of (something) different from what it is or from what it would be if left alone: to change one’s name; to change one’s opinion; to change the course of history.

to transform or convert

to transfer from one (conveyance) to another:

When it comes to business, resisting change can be a deadly mindset, especially in today’s economy! I can pinpoint some of my worst business decisions and business problems from not embracing or anticipating change in my business.

Here’s something interesting I have observed in the past few years as a digital strategy business consultant and coach. I am realizing many businesses are not really interested in understanding the great change which is occurring in the marketplace today.  Rather, they are more interested in maintaining status quo or using what I call the ‘band-aid’ approach. Read Seth Godin’s book Meatball Sundae: Is Your Marketing out of Sync?

The band-aid approach boils down to businesses taking a “patch-it-up” approach rather than a ‘reinvent it’ approach to their business operations. This process usually involves incorporating a few things which make them appear they are with it, or they are cutting edge (whatever that means) such as a website, some new customer service technology, a Facebook presence, etc. but in reality, they are still the same old company using the same old model, same old mindsets, and same old same old…just still the same.

I find this happening among entrepreneurs and with large businesses as well. Anyone locked into the old way of doing things, the old way of looking at things, and resisting the change necessary to be relevant to today’s market…will find using a band-aid approaches will not work for very long and often will backfire.

Here’s my observation and strong belief on what’s going on with the marketplace. The world has changed. I mean it just up and changed…fast! Therefore business has changed, marketing has changed, the customer has changed so it makes sense…your business has to change if you want to be profitable and stay the course. Yet, in all my years in working with businesses of all sizes have I seen such a resistance to change and yes, even a fear to embrace this changing economy we are experiencing every day.

As I have said before, 21^st century businesses are going to be those who are of a different cut, a different DNA. It does not matter what kind of business you have, from the local cleaners to a top line retailer, you are being forced to change in many ways you have not had to deal with in the past.

Some will have to create and redefine new business models for themselves. Some will have to hire completely outside of their industries and set aside their old hiring model standards (like requiring degrees) to get the kind of talent that can help transform their business. Some will have to invest in professionals and experts that can help them get re-educated and reposition their businesses. Some will have to invest in research and statistics to re-chart their course. Some will have to seek out strategic alliances in marketing, services, events, etc. to add value for their customers. All will have to fall in love with their customers, vendors, suppliers, etc. again. Sadly, some will have to just close the doors.

Change.

It is happening, and has happened already!

We can’t control it or stop it. The best we can do is to embrace it. Even better though, is to anticipate it.  To not give this serious thought and consideration is sealing your doom as a business. You simply will not be around if you don’t understand what is really going on in the marketplace today and embrace it and in some cases radically change to transform yourself into a New Era business.

As a business coach and consultant whose specialty is in digital marketing strategy and positioning, I believe many businesses can get a jump start on coming up to speed on all this by connecting and securing the services of the right professionals who offer services to help guide you and coach you.

A word of caution on this though, everybody says they are a social media or internet marketing expert these days. I saw this happen in the web development industry. We have had a web development company for 13 years now and have accumulated lots of experience and skills sets under our belt to in fact claim we are experts in this field. But more and more we begin to see everyone and his High School son was a web designer and this industry became saturated. Of course, most businesses don’t really know how to select a web development professional that will really give them an online business solution. So they look at price and the ‘shiny’ stuff to make that determination in most cases when in fact there is so much more that is vital to web success that most designers or developers don’t know how to deliver like…the marketing strategy defined and built-in to the website, marketing metrics to determine if what you are doing is working, a clear understanding on how to emotionally connect with the user so they will take desired actions, and on and on. Don’t get me started:)

My point is, no…not everyone who says they are a marketer, coach, consultant, guru, etc. are. If you want to really excel in making changes to reposition your business and are looking for outside help (which you should) I suggest you focus on three key areas for assistance. The first is strategy, the second is emotion, and lastly is creativity. These three elements are in my opinion the driving forces of business transformation. They are the jump off points to rethink your business and determine your new roadmap for change.

P.S. The most fearful and resistant business types I have come across regarding the drastic changes occurring in this crazy, evolving, marketplace are small business owners. Especially the baby boomer crowd (OUCH). It’s true though. And sadly, they are the major holders of small business ownership in the U.S. I’m not trying to make this a generational thing as I (and I say this with pride) am a baby boomer as well. But I fear this group has the most at stake here but offers the most resistance. I’m sure I will get some comments on this and I really welcome them!

So far I have covered two of the four mindsets I believe are deadly in today’s new marketplace.

The first was the Status Quo Mindset and the second was the Arrogance Mentality Mindset.

Today I will cover the third mindset I find very noted for the season we are currently in.

It is the Business Suicide Mentality #3: The “Hunker Down” Mindset.

The reference to hunker down means two things: One is preparation for some type of pressure you’re anticipating. The other relates to hiding.

With the jobless rates soaring, consumer spending way down and the incredible shifts occurring in new millennium business across the board today, it’s no wonder hunkering down would be a serious consideration for you if you are in business. The worst thing a business can do during this time is to hunker down and hide.

Hunkering down is not the same as being prudent or making more calculated decisions. There is nothing wrong in tightening the belt and paying close attention to your overhead and operating expenses. This should be a normal part of your everyday business processes.

The problem with hunkering down is it is mostly an action driven by fear rather than confidence. When you are making decisions based on fear for your business, you are positioning yourself to be moved into a negative mindset that fosters protection instead of retooling or repositioning. It dampens creativity and change and without these in today’s marketplace you are pretty much just going through the motions until there are no more motions left to go through!

In my line of business (digital marketing consulting and digital media development) we have seen a huge slow down of business as well in this tough economy. We have seen both large and small projects scheduled for production being postponed or pulled altogether. The story in each of these cases is just about the same. “We have to trim our spending, jobs are getting cut, or we don’t think we have the budget for this right now”.

Here is the sad truth about those kinds of decisions though. First, when you are faced with tough times no doubt you need to make some changes. But…don’t operate with a status quo mindset and purposefully resist change because of fear and because you are out of your comfort zone!

Rather, understand this is a remarkable time for you to redesign, retool, reposition, rethink your business. After all, we are in a new business age. If you are not aware of this then I would have to say you have some serious catching up to do. But for those who are aware of this but not sure what to do about it…I would like to offer some suggestions you may want to consider.

First, come to grips with we are in The Change Era. The world has changed. Business has changed. Marketing has changed. Your Client has changed.

Probably the biggest change any of us will see in our lifetimes is the amazing magnitude of change on modern society the Internet (and the World Wide Web in particular) has delivered. As it continues to morph and expand and reinvent itself something more deep-seated is going on as a result. A movement of sorts is being termed as the rise of the “New” customer as technology empowers consumers like never before.

Understand this is not merely a shift in new forms of technology use but it’s a shift in doing business in accepting the mindset of partnering and engaging with your customer on their terms…not yours. That’s a huge shift for many of us in business today!

Second, we are never going to see ‘business as usual’ again. This is not a temporary departure from business as usual…it’s a structural transformation, a lasting change.

• The old business models used for the past 60 years or so are going to be replaced with new ways of doing business that look nothing like we have seen so far because this no ordinary shift. It is a once-in-a-lifetime shift challenging the very foundations of the all economic order.

• 20th century business practices will not work for 21st century economics. Yesterday’s businesses were built for a world of over consumption, artificially cheap production, mass sales. Industrial-era dinosaurs are going to bite the dust hard if they don’t redefine and transform. This is true for both small and large business.  (Read the amazing Umair Haque)

Thirdly, strategy and creativity rules! They matter more now than maybe ever before in today’s marketplace.

I remember my days in corporate America and if you were strategic and creative, that was almost a liability for you if you wanted to be taken serious and be moved up in a company. But today, you need these working for you in just about everything you do in your business. From your marketing positioning to your niche, to your employees, etc., even right down to your logo!

Not just any old strategy and creative approach will work either. That is what is a bit tricky here. It must be totally in the know of this new business era we are in. It must understand the new consumer; it must embrace the digital world and know how to emotionally connect with your specific target markets.

There’s not a shortage of business to be had in this tough economy… there’s a shortage of knowing the rules have changed in business and marketing and what it is you going to do about it. Now is the time to reconsider how you are responding to a living, breathing, evolving and changed marketplace.

As I have said, fear has gripped many people in business today and to make matters worse, the course of action most are taking to deal with a soft marketplace is to ride it out by hunkering down and pulling back!  Believe me…being paralyzed by fear and hunkering down is NOT the answer.

What are you doing to position your businesses the rest of 2009?