| Azriela Jaffe is the founder of "Anchored
Dreams" and author of "Honey, I Want to Start my Own Business,
A
Planning Guide for Couples" ( Harper Business 1996), and "Let's
Go Into Business Together, Eight Secrets for Successful Business Partnering"
(Avon
Books 1998) and "Starting from No, Ten Strategies to Overcome Your Fear
of Rejection and Succeed in Business" ( Dearborn April 1999).
I specialize in writing business books on topics that
haven't been written before - in my estimation, filling an unmet need in
the business book market. I won't write a book if it's been done
many times by other professionals. Because of my expertise, I've
been asked by a few publishers to write a book on "balancing work and family."
Check the bookstores lately? The shelves are filled with titles that fall
in this category. No thanks. All of my books are unique, and
hopefully, needed in
the marketplace.
I vividly remember the first time a literary agent busted
my naive bubble. I was excitedly explaining to her that I had uncovered
a topic area never written about before, a goldmine for me to pursue for
my next book. She responded: "Can you dig up at least
one or two bestsellers that are close to this idea?" I replied with glee,
"NO! No one has ever written about this before, I'd be all by myself.
We'd have the market cornered." She did not return my enthusiasm.
She said instead: "I'll have trouble convincing publishers that there is
a real need for this book if no one has ever done it before. Maybe
no one has ever published it because there really isn't a viable market
for it." Take out balloon, pop one hole, boy was I deflated.
Ultimately, I learned a very important lesson from her.
Just because I was convinced that a book should be written, and that I
was the lady to write it, it didn't mean that a publisher would automatically
feel the same way. I had to do my homework, understanding the
market I was serving, and showing evidence of why more people than my mother,
husband, best friends, and fans would read this book. I needed to
do demonstrate that the lack of a book up until now was an enormous oversight
by hundreds of publishers in America, as opposed to strong evidence that
such a book was of little use to most people.
Why do I share this story? Read on, from a column
reader:
"I live in a small city in northeast Louisiana.
In trying to determine my niche, I have discovered that our town lacks
a professional party planner, in everything from weddings, to garden parties
to corporate events.
"I would like to start a business of planning these
events from "A to Z" as you call it. I would like to be full service
in designing personalized invitations, to writing thank you notes, to purchasing
corporate gifts, to being a wedding coordinator. As a former buyer
for Dillards fine gifts, china, silver and bridal I know that I posses
the knowledge, along with great communication and organizational skills
to be a success. I am the mother of 4 small children and feel this
could be something I could do out of my home.
"My problem? How do I get started? I really
need some good advice on what
avenues to pursue."
I don't mean to bust your bubble, the way my agent busted
mine - or maybe I do. You don't need me to give you a big rah rah
talk about how" you can do this if you just set your mind to it, so go
for it. Buy the equipment, design your brochure and business cards,
set up your website, and hang up the old shingle." You need me to
talk straight to you.
Perhaps your town doesn't have such a service because
it's not needed or wanted. Or, maybe, it might support a specialized
service in serving the corporate market with purchasing corporate gifts,
but combining corporate gifts and wedding coordination into one business
won't fly. This has nothing to do with your knowledge and skills
and whether you'd be able to do the business. It's about figuring
out what your community needs and wants. Don't fall into this common
trap: designing a business that suits your needs to be home with your children,
and allows you to use the skills you developed at your former job, without
testing whether or not there is a demand for your product.
How do you do this? Start asking people. Don't
just ask people who love you and will tell you what you want to hear.
Put together a written survey, or create focus groups, or network at community
groups like the chamber of commerce, and start asking around for what people
need that is missing in your community. Ask other professionals who
serve the same market you are targeting. Would they refer to you?
Have they been asked by their clients to provide this service?
Second, I'd be wary of trying to develop a business that
offers services from "A-Z." Focusing on a niche is usually more effective,
until you've developed a solid reputation. Who do you want to serve?
If it's the corporate market, they probably won't hire you if they imagine
that you specialize in weddings. Vice versa, few women will retain
your services to coordinate their wedding, if they believe that you specialize
in corporate gifts. Don't try to be all things to all people in the
beginning. Start small and build from there.
Lastly, I hope that you have some childcare arranged for
those four children of yours while you are working this business.
Sure, you can write thank-you notes while watching the kids on the playground.
But marketing, meeting with clients, focused work - when and how will you
do that? You aren't going to be able to coordinate a wedding with
four children in tow. Most work at-home parents still arrange some
kind of child care to allow them to operate professionally.
You are headed in the right direction. Choosing
a business that appeals to you, is something you are good at, and appears
to be needed in your geographic area. Now, refine the idea.
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