271 - How To Crush Q4 Like A Million-Dollar Business Owner - Episode Artwork
Business

271 - How To Crush Q4 Like A Million-Dollar Business Owner

In this episode of the Become Your Own Boss Podcast, host Monica Allen shares strategies for small business owners to maximize their success in the fourth quarter. With insights drawn from her persona...

271 - How To Crush Q4 Like A Million-Dollar Business Owner
271 - How To Crush Q4 Like A Million-Dollar Business Owner
Business β€’ 0:00 / 0:00

Interactive Transcript

spk_0 You can't build a reputation on what you're going to do, Henry Ford.
spk_0 You have the power to be the boss of your own life.
spk_0 I'm your host Monica Allen. I'm a wife, mom, entrepreneur, best-selling author, lifelong learner, and your business.
spk_0 I have a love and passion for all things small business.
spk_0 Growing my own company from $700 to over seven figures annually,
spk_0 my goal is to bring you inspiration, business-focused topics and tips, encouragement, and a community
spk_0 that helps you launch, grow, and scale your business,
spk_0 whether you are a dreamer, a side hustler, or a seasoned entrepreneur.
spk_0 You are listening to the Become Your Own Boss Podcast.
spk_0 Let's start with some exciting news from Inside of Zoozus' closet.
spk_0 I recently made an offer to a new team member to join our business.
spk_0 I am so excited, but hiring is always a big step.
spk_0 It's thrilling and a little nerve-wracking because it signals growth and it signals change.
spk_0 For me, it's a reminder that we can't scale if we insist on doing everything ourselves,
spk_0 which is kind of what I've been doing for the past two or three years on the front end of our business.
spk_0 A little helping hands here and there with virtual assistance and things,
spk_0 but we really need someone there who I can train to be, I call, a mini-me.
spk_0 We need the right people to help deliver an amazing customer experience and keep our system strong.
spk_0 As a matter of fact, I actually entitled this position that I recently hired for client experience advocate.
spk_0 I wanted to do that because whoever applied for the position, any applicants,
spk_0 I wanted them to be clear on what they would be doing.
spk_0 They know they'll be working with clients.
spk_0 They know they're part of the experience and they're part of their advocate for that experience for the client.
spk_0 I really wanted that to be very clear in the title of the particular position,
spk_0 because they're going to work with clients, so they've got to enjoy people and want to connect with people
spk_0 and make sure that person has an excellent experience with our company.
spk_0 I mentioned change.
spk_0 Whenever you hire someone, of course, there's the training process and there is a change.
spk_0 There's a change in how things are handled to some degree.
spk_0 Of course, systems are key, but speaking of change, I finished my first doctoral class.
spk_0 I only have like 19 more to go.
spk_0 I'm going to move my second one.
spk_0 The second class is actually a change management class.
spk_0 I am really excited about this because I am learning something new,
spk_0 learning more around change management, change management behaviors,
spk_0 and hopefully I can share some of that with you in the future.
spk_0 I'll let you know what I learned.
spk_0 Okay, topic for today.
spk_0 Can you believe it?
spk_0 It is the fourth quarter.
spk_0 We are in the final stretch of this year, which is crazy to me.
spk_0 I feel like this year is gone by.
spk_0 They just keep getting faster and faster.
spk_0 But this is a great time for us to look back at our goals that we set back in January.
spk_0 It's a time for us to review our wins, our lessons.
spk_0 I'll say lessons instead of losses, but our lessons.
spk_0 And make sure that we're closing out this year really strong.
spk_0 And because of that, I'm asking myself three questions and I'm going to share those with you.
spk_0 So you can perhaps ask yourself those same questions and we can run this race towards the end of the year together.
spk_0 The first question is, have you hit your revenue target so far?
spk_0 I can tell you that we have not, but I'm pushing really hard to make this last three months really, really strong and hopefully surpass where we were last year.
spk_0 Second question, which marketing channels brought in the most leads?
spk_0 This is something that we've been looking at closely when it, especially when it comes to Google and Meta, we have got to figure out if they are worth their salt.
spk_0 I know we have to do it to some degree, but the amount we're spending doesn't make sense.
spk_0 And then the third question is, where do you need to lighten up or double down?
spk_0 And that one is a little tougher question for me.
spk_0 I'm trying to, I'm trying to figure that out.
spk_0 Those are three questions. We can all work on those together. We can reflect on those.
spk_0 And let's not skip it. You know, we want to make sure we are clear on where we've been and where we're going.
spk_0 And it just makes us set a smart finish line strategy.
spk_0 That's what I'll call it a smart finish line strategy.
spk_0 All right, also want to talk about since we are in this last quarter of the year, we know it is a big, big time of year, especially if you're in the retail space.
spk_0 And also depending on what services you offer.
spk_0 But let's talk about our holiday marketing game plan because we need to have a strategy.
spk_0 The holiday season is here, whether we like it or not, we have Halloween coming up.
spk_0 Then of course Thanksgiving and Christmas.
spk_0 And this is the time when customer attention is high, but competition is fierce.
spk_0 So a clear plan is key.
spk_0 And while I often try not to duplicate the same content in my newsletter,
spk_0 as the podcast, truthfully, right now is kind of a little bit of a duplicate because I talked about these things in the September newsletter.
spk_0 And I want to run over this with my podcast listeners as well.
spk_0 Not everyone who listens, subscribe to the newsletter.
spk_0 If you don't subscribe, though, go over and get it again. I try not to duplicate the content, but this will be similar.
spk_0 And this is where I want to focus when it comes to our marketing strategy.
spk_0 One is direct mail pieces.
spk_0 I know this is kind of an old fashioned way to market, but it still works.
spk_0 A beautifully designed postcard or holiday catalog can stand out in a very crowded digital world.
spk_0 That's one thing.
spk_0 Number two, a gift guide and or a lookbook.
spk_0 Whether it's printed or digital, curated gift ideas, help customers imagine the perfect present and reduce decision fatigue.
spk_0 If you're an entrepreneur, you know about decision fatigue because as a business owner, you have to make a lot of decisions.
spk_0 If you can reduce that for your customer, they will love you.
spk_0 So help them help you.
spk_0 Hope you help them.
spk_0 Number four, social media countdown campaigns.
spk_0 Think a 12 days of gifting series or behind the scenes holiday prep, which can create urgency and a connection with your customers.
spk_0 And we do this every year. We do the 12 days of Christmas for stuff for Greeks and we give gift ideas for our customers over the 12 days.
spk_0 I think we started maybe December 1st and then we run it for 12 days.
spk_0 You can also post really cool gift giving ideas on your social media pages.
spk_0 And then number five, early bird specials.
spk_0 If you can reward customers who order early, maybe with free shipping or bonus gift, this will help smooth out your production schedule.
spk_0 In our business, the closer you get to Christmas, the more expensive things get to have produced because they still have to be customized.
spk_0 They still have to be touched. They still have to be created.
spk_0 It gets more expensive, the closer you get to Christmas, the earlier you ordered the better.
spk_0 Number six, community events and pop-ups.
spk_0 You can partner with local businesses for small holiday markets or in store events to drive foot traffic.
spk_0 Now, I have a friend who has a business. He's actually my B and I group and he sells these candied apples.
spk_0 And he's out at fairs and festivals all the time. October is a huge month for him.
spk_0 You got to think about it with all the different things that are happening in October around apple picking and riding on hay rides and all of these types of things.
spk_0 It's great for his business.
spk_0 And number seven, VIP or loyalty perks.
spk_0 This is like exclusive previews or limited edition items for your best customers.
spk_0 Those who have been with you for a while, take two or three and really sit down and think about what it is you want to do in your business.
spk_0 The key is to make it easy for people to buy and to stay top of mind with consistent messaging.
spk_0 And if you can reduce the hassle map, reduce decision fatigue, all those things your customers will appreciate it.
spk_0 So here's my challenge to you. Before this week is over, I say that the podcast post on Friday.
spk_0 So the beginning of next week, block out of time to review your Q3 numbers.
spk_0 You do need to know where you were and of course where you want to be.
spk_0 And sketch out at least one holiday promotion.
spk_0 You don't want to wait until November.
spk_0 If you've done it already, you are ahead of the game and that is amazing.
spk_0 But if you haven't done it yet, do it this month.
spk_0 And you don't want to be in a reaction state.
spk_0 So don't wait until November.
spk_0 Because then you'll be reaching, preaching instead of leading.
spk_0 And you want to lead, you want to lead the charge.
spk_0 One of my favorite words is intentionality or intention.
spk_0 And growth isn't accidental, it's intentional.
spk_0 And one of the things that Ethan and I often talk about is what you focus on expands.
spk_0 So if you're looking at your numbers, if you are focusing on your marketing and looking at what those promotions are, you want to put out there, those things will expand.
spk_0 Because you're setting an intention around those.
spk_0 Whether you're hiring, planning or launching a new campaign, every move you make now sets the tone for next year.
spk_0 We're already talking about 2026.
spk_0 But before we get there, let's finish this quarter.
spk_0 Strong, with focus and with energy.
spk_0 Thanks for joining me today. I'm grateful for you.
spk_0 Remember to go out and subscribe, rate and review the podcast.
spk_0 It really does help the podcast grow if you take a moment to rate it.
spk_0 I look at podcasts like Mel Robbins podcast and I think, wow, she has so many ratings and reviews.
spk_0 And so if each of you who listen, because it's actually a good number of people, just took a moment to go and rate and review the podcast, write a quick little review, that would be amazing.
spk_0 If you don't mind, please take a moment to do that.
spk_0 Also, just a reminder around a couple of things that the podcast has going on.
spk_0 One is the Kickstart Your Business Program.
spk_0 You can see the show notes for that.
spk_0 But if you know someone who's in a place that wants to start a business and they're a little bit confused, they don't know where to start or they are trying to figure it out, the Kickstart Your Business Program has 11 modules that walk you through from start to launch.
spk_0 So share that with them. It's $97.00. Link is in the show notes.
spk_0 Literally, I put all of the things that I wish I would have known when I started my business into the Kickstart Your Business Program.
spk_0 And then lastly, if you're not already subscribed to the Level Up Living newsletter, go over to my website, monicaealon.com, click the Bright Purple button and get signed up there.
spk_0 I think if you're on mobile, it's actually a blue button.
spk_0 But either way, you'll see at Level Up Living newsletter, you can subscribe there and that way it'll be delivered to your inbox each and every month.
spk_0 And that's it for me today. I appreciate you. Thank you for listening. And remember, now is the time.
spk_0 Now is the time to level up, leave a legacy and become your own boss.