Xtraordinary Women Magazine July 2015 | Page 52

#W ORD U P O N E NTREPRENEURS & M ARKETING Word on the Street, Cape Town www.wordonthestreetmedia.co.za; [email protected]; 072 450 27 98 The Marketing Mistakes Entrepreneurs Make By Robyn Lambrick After years of working in the Marketing and Advertising industry I opened my own community advertising agency with a dream to make a difference in my clients and their customer’s lives. Step up #WordOntheStreetMedia – community marketing, advertising and PR agency – in service to #Entrepreneurs #SME’s and #PersonalBrands Word on the Street Media is an extension of the work I did in corporate – with two major exceptions: 1. My clients are SME’s, Entrepreneurs and Personal Brands – not a massive Corporate Group of Companies; and – 2. I am now ‘the boss’ and I am an Entrepreneur as well. Word on the Street is nearly in its third year of operation and whilst we’re not quite earning the big bucks - we’re definitively paying the bills and then some. It didn’t start out that way though… the first year or two was touch and go! In the beginning we made some radical mistakes as we struggled to get to grips with the ‘entrepreneurial world’. Whilst we grappled with our target audience and the type of client’s we took on we joined a business network – Xtraordinary Women Business Network Platform. As it turned out this was ultimately one of our best business decisions because we were able to meet likeminded Entrepreneurs who were also on a journey into Entrepreneurville. That was literally in 2012 and 3 years down the track we have learnt some hard lessons, both personally and from studying entrepreneurs we associate with. 5 Marketing Mistakes Entrepreneurs make that could be avoided! ` Entrepreneurs don’t plan It’s not really the sexy stuff – or so some might think – but when you’re an entrepreneur with a vision – your eye is firmly on the end result, not how you’ll get there! So the detail of a Business Plan and a Marketing Plan just doesn’t enter into the fray! It really should be one of the first action points the intrepid Entrepreneur takes in their business journey. A business and marketing plan need not a long protracted document full of ‘blah blah’ – it can be a one pager with the road map, the mile stones and the reason for the journey. But the Entrepreneur needs direction and a map of how to get there. These two documents will give all your suppliers, associates and staff members a clear understanding of your vision and mission for your business – thus resulting in supportive buy in.