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eScoop -Issue 4 - Fall 2016

Sharing stories of expertise from OSBN® members.

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<strong>Fall</strong> <strong>2016</strong> <strong>Issue</strong> 4<br />

eSCOOP<br />

5 Reasons Why Small Business Owners Need<br />

To Join A Small Business Community<br />

by Grace Nasralla, OSBN<br />

1. Build A Network of<br />

Connections<br />

Small businesses cannot survive on<br />

their own. In every business most<br />

sales is done through word of mouth<br />

or referrals from people that have<br />

established trust in the business or<br />

the owner of the business. Building<br />

a network of connections results in<br />

getting leads that may turn into<br />

customers or that may send<br />

customers to a business.<br />

2. Learn Best Practices<br />

Business community websites are<br />

filled with information that is of<br />

importance to the small business -<br />

from how to start a business to the<br />

latest trends in business. Business<br />

communities are a great resource to<br />

gain knowledge about how to’s and<br />

where to’s for growing a business.<br />

Whether it be through forums or<br />

group discussions or just postings<br />

on a profile timeline, there is always<br />

something to learn and gain<br />

knowledge from.<br />

3. Stay Motivated<br />

Being a part of a small business<br />

community will definitely help<br />

motivate a business owner.<br />

Entrepreneurs tend to lack<br />

motivation at times as they are<br />

responsible for doing all business<br />

tasks.<br />

At times they may get overwhelmed<br />

with tasks and lose motivation while<br />

at other times, they may feel they<br />

have run out of ideas and lose<br />

motivation to continue.<br />

A good way to stay motivated is to<br />

find a professional business<br />

community and stay active there.<br />

Stay connected with business<br />

owners on the network, attend<br />

community networking events, stay<br />

visible by placing ads or taking up<br />

speaking engagements during<br />

events, and always offer to help.<br />

That will not only keep a business<br />

owner motivated, but it will also<br />

increase business visibility within<br />

the community.<br />

4. Generate Leads<br />

Business leads come from knowing<br />

people. Meeting people requires a<br />

community. Look for business<br />

communities that have a virtual<br />

platform and that also run events.<br />

That way one will get to meet<br />

people and then stay connected<br />

over the internet to send leads and<br />

referrals.<br />

One thing business owners have to<br />

remember: in a community one has<br />

to give in order to take. Give leads<br />

and others will send you leads, give<br />

referrals to other business members<br />

and others will send you referrals.<br />

In this <strong>Issue</strong>:<br />

Grace Nasralla<br />

Founder, OSBN®<br />

www.osbn.ca<br />

5 Reasons to Join a Small<br />

Business Community<br />

Christine Boyle<br />

www.FusionEnterprises.ca<br />

Discovering the “Buy”<br />

Button – Neuromarketing:<br />

The Cutting Sales Edge<br />

Daryl Landeau<br />

OSBN® Advisory Board<br />

Member<br />

www.common-ground.ca<br />

Getting the Most Out of an<br />

Advisory Board<br />

Teresa (Terri) Slack<br />

OSBN® Advisory Board<br />

Member<br />

www.financly.ca<br />

How Understanding<br />

Personalities ….<br />

Susan Kirschling<br />

www.susankirschling.com<br />

Belief


5. Enjoy Benefits<br />

Business community websites usually<br />

offer benefits to their members.<br />

Benefits may vary from free services<br />

to discounts and offers, access to<br />

business resources and more. Make<br />

use of these benefits! Many<br />

businesses register at business<br />

community websites and forget about<br />

their account. It’s good practice to visit<br />

business community websites often to<br />

explore new benefits added to<br />

members.<br />

Reptilian <br />

Brain<br />

Limbic <br />

System <br />

(Mammal <br />

Brain)<br />

Three <br />

Layers in <br />

the Brain<br />

Neocortex <br />

(Neo-­‐‐<br />

Mammal <br />

Brain)<br />

The Reptilian Brain is the instinctive brain. It’s very basic and governs<br />

information like heartbeat, digestion and other body maintenance items, as well as<br />

survival. It also collects data, facts, and memory and processes this data, meaning<br />

there are not many interpretive, cognitive or emotional aspects working. This<br />

primitive part of the brain is prone to make snap, short-term decisions. You don’t<br />

want your prospects making purchase decisions with this information only. During<br />

her webinar in June 2015 on “Sell and Market Better with Neuroscience”, Christine<br />

Comaford, author of Smart Tribes, referred to this as “The Critter State” - a limited<br />

fact-based part of the brain,<br />

Discovering the<br />

“Buy” Button -<br />

Neuromarketing: The<br />

Cutting Sales Edge<br />

by Christine Boyle, Fusion Enterprises<br />

Scratching your head over why your<br />

prospect didn’t buy when you were so<br />

sure the sale was in hand? It is well<br />

known that customers decide with<br />

their emotions not their primitive factbased<br />

brain.<br />

How do you create an emotional<br />

sales process that motivates the<br />

buyer?<br />

Let’s jump into understanding Brain<br />

Basics then look at how it works and<br />

its importance in the sales process.<br />

Finding your tribe – your “peeps” – is within the Limbic System and is the<br />

emotional brain where people connect with one another, seek belongingness, look<br />

for alikeness, commonalities and mutual behaviours which in turn create trust. It is<br />

the sweet spot for building rapport, relationships and connection as it governs<br />

emotions (emotions are the predominate motivator when we make buying<br />

decisions) and perceptions and processes the data of the Reptilian Brain and<br />

Neocortex and decides how to respond to you.<br />

We evolve significantly in the Neocortex Brain. It is the advanced thinking area<br />

which involves planning, processing and interpretations like deciding if you are an<br />

enemy or friend and how to respond to you and it makes choices like fight or flight,<br />

preserve or protect and, without sufficient data about you, it defaults to negative<br />

assumptions and reactions such as a ‘no’ to the purchase.<br />

How do we incorporate Brain Basics or science into our sales process?<br />

Here is a sure-fire way to structure your sales presentation - Neuromarketing is<br />

brilliant, we actually work in reverse!<br />

Process of sales presentation:<br />

Limbic<br />

Neocortex<br />

Reptilian


The strongest appeal is to the Limbic System<br />

- Are you one of ‘me’?<br />

- Do we have similarities I align with and can belong to?<br />

- Have you built my trust and safety in my decision?<br />

- What is our emotional tie?<br />

Make emotional connections here. <br />

Feed the Neocortex Brain<br />

- Reduce anxiety and fear with information, planning and solving problems.<br />

Don’t ignore the Reptilian Brain<br />

- Include facts, stats and figures.<br />

The Reptilian Brain is the root of the decision process and now will also assess<br />

the Limbic System and Neocortex data to justify the purchase.<br />

Process of decision making<br />

Reptilian<br />

Neocortex<br />

Limbic<br />

Reptilian Brain makes the decision and assesses Neocortex and Limbic System<br />

data to justify the purchase. Give me the facts – is generally a defensive, anxious,<br />

risk-adverse and reactionary mindset.<br />

Neocortex Brain assesses friend/foe, safety/fear, is self-aware, thinks, evaluates,<br />

plans and problem solves.<br />

Limbic System is the root of emotions, connections, sameness and relationship.<br />

Discovering the “buy-button” is now easier as you appeal to the person’s<br />

three brain parts to create a powerful sales process.<br />

Perhaps you’ve been missing a component? Successful sales people no longer<br />

sell by pushing the client or by presenting two fact-based A/B options. Instead, we<br />

can leverage:<br />

- The knowledge of how people make decisions.<br />

- The science of the brain.<br />

- The complexities and emotions of the person.<br />

The human need for emotional connection, dispelling their fears and<br />

understanding why they need to make safe and sound buying decisions is<br />

key.<br />

I’d love to hear from you and welcome your stories, struggles and successes, and<br />

how you’ve added this cutting edge tool into your business.


Getting the Most out of an Advisory Board<br />

by Daryl Landeau, Common-Ground<br />

What is an advisory board?<br />

An advisory board is an informal version of a board of directors<br />

chosen by the owners.<br />

- It has no authority<br />

- It just offers assistance as requested.<br />

- It is a good interim step before a formal board, or a way for a<br />

founder to enhance accountability and experience.<br />

The Ideal<br />

The owner or leader explains the vision, values, strategic plan, and recent<br />

performance of the organization. The advisors pose questions about places<br />

where there might be a misalignment or gap or impracticality. "If your<br />

growth is X, and your resources are Y, how will you achieve your vision<br />

which is Z?" The leader poses questions to the advisors, like "What do you<br />

think should be the priority now?"<br />

The advisors don't take over decision-making, but they share opinions, or<br />

help the leader think things through. Meetings are conducted efficiently, not<br />

wandering on tangents. The advisors come from diverse experiences and<br />

are not deferential, so they don't fall into groupthink, but neither do they<br />

disrespect different opinions. Besides, not everything happens in the group<br />

meeting, sometimes individuals offer a bit of coaching or a useful<br />

connection outside of the 'board meeting.'<br />

Thus the organization benefits from better leadership. And the advisors<br />

benefit from the learning too; for some this is a stepping stone to a directorship.<br />

Making the Ideal Real<br />

In order to achieve this ideal, the owner needs to find the happy medium of<br />

openness: not arrogant, not fearful, but willing to be respectfully<br />

challenged. The advisors also must not be arrogant, and not too attached to<br />

their opinions. Better to offer ideas, or even better, pose open questions.<br />

These advisors, who ought to have considerable relevant experience, need<br />

to get informed enough about the particular business and the industry to be<br />

useful. And they need to work well with the other advisors.<br />

Usually a group of 4-6 is the best size for this purpose; enough to get<br />

diverse views and meetings are easily managed. The job of Chair, though<br />

often the leader's, may be better handled by a skilled facilitator/advisor (one<br />

who may have less to contribute substantively), and thus freeing the leader<br />

to focus entirely on the substance of the discussion. The discussions are<br />

informal and do not need the procedural (Robert's) rules that govern true<br />

board meetings.<br />

Owner/Leader:<br />

Vision<br />

Values<br />

Strategic Plan<br />

Recent Performance<br />

Advisors:<br />

Share Opinions<br />

Diverse Experiences<br />

Not Deferential<br />

Discussions:<br />

Informal<br />

Open<br />

Respectful<br />

Informed<br />

If OSBN® wishes to try this approach and finds it useful, I hope member<br />

businesses will also try it, perhaps with an exchange program with other<br />

members.


How Understanding Personalities Can Create<br />

Happy Customers and Happy Team Members<br />

by Teresa Slack, Financly<br />

I have learned over my many years of customer service delivery that the more I<br />

understand my client’s personality the better the interaction goes. Whether<br />

dealing with an upset client or trying to maximize a sales interaction, the more you<br />

reflect their personality style the more successful the interaction will be.<br />

There are many different personality profiling methodologies, whether colours,<br />

shapes or words, they all do the same thing. They allow you to understand your<br />

own personality more clearly and they teach you to identify other people’s<br />

personality traits as well. My profiling method of choice is the DiSC®. System.<br />

A keen focus on understanding another person’s personality will<br />

allow you to interact in a manner that creates a successful outcome.<br />

The trick is to quickly figure out the person you are<br />

talking to and change your approach to match their style.<br />

As a manager of a sales team, I taught my team to use personality profiles to understand each other and their<br />

customers. What I found is that my team had a better understanding of each other and why certain members of our team<br />

might clash due to personality differences. This knowledge created understanding and acceptance within the team. My<br />

dominant team members understood why our conscientious teammates rubbed them the wrong way. They learned how to<br />

approach different team members in a manner that worked better and created harmony within the team.<br />

The same is true of our customer interactions. If we had a customer with a more dominate personality and a team member<br />

with a more conscientious style, the staff member quickly understood who they were working with and tried to refrain from<br />

high levels of detail that our dominate customer would be frustrated with.<br />

I highly recommend that any manager who wants their team to interact more effectively to learn these techniques to create<br />

a better working relationship. It is a must for anyone that works directly with your customers.<br />

Learn your style first then learn to identify others. It takes time and practice to get good at it. I believe it is time well<br />

spent.<br />

To learn more about the DiSC® System check out<br />

https://www.discprofile.com/what-is-disc/overview/<br />

The DiSC model provides a common language that people<br />

can use to better understand themselves and to adapt their<br />

behaviors with others.<br />

This can be within a work team,<br />

a sales relationship, a leadership position, or other relationships.<br />

Personality has power to uplift,<br />

power to depress,<br />

power to curse, and power to bless.<br />

Paul Harris<br />

Personality is the glitter that sends your little gleam<br />

across the footlights and the orchestra pit into that<br />

big black space where the audience is.<br />

Mae West


Belief<br />

by Susan Kirschling<br />

Getting out of bed on a cold dark morning is a lot easier when the<br />

day ahead is looking pretty good. Everything is going your way and<br />

you’re feeling life just keeps getting better. Sounds good right? But<br />

a little unbelievable that everyday unfolds this way.<br />

As an entrepreneur no matter how good your business strategy,<br />

your marketing plan or your sales funnel all businesses go through<br />

ebbs and flows. How well you get through this cycle depends on<br />

your reason for why you do what you do.<br />

Your “why” reminds you of your commitment to your business.<br />

Napoleon Hill named this “your burning desire”. It’s the emotional<br />

reason or leverage that gets you out of bed after only 4 hours sleep.<br />

It’s what makes you do that one more cold call. It’s what keeps you<br />

in the game. How committed to your business are you?<br />

“Commitment is doing the thing you said you would do long<br />

after the feeling you said it in has gone.”<br />

A strong “why” is the passion that fuels commitment. Some people<br />

call it vision. I call it belief.<br />

Believing in something so strongly that you’re unshakable is your<br />

“why”. Nothing stops you from fulfilling your reason and<br />

accomplishing what you set out to do.<br />

An Ontario small business<br />

network that provides business<br />

owners and service providers<br />

with marketing tools &<br />

opportunities that increase<br />

their business visibility.<br />

eSCOOP formatted by <br />

www.timeflies-adminservices.ca

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