Gift biz unwrapped episode 178 today we are going to talk
about how you can discover the two why's behind your business.
Yes, there are two why's and when you've identified your wise,
the purpose behind all your effort becomes so much clearer and
consequently the actions that you take for your business are right
in line with your why's.
We're going to go through all of that today.
It probably doesn't make complete sense to you now,
but stay tuned.
It will.
When we're done with this podcast,
you're going to have direction on and possibly already have identified,
know and understand the two why's behind your business Attention gifters,
bakers, crafters,
and makers pursuing your dream can be fun.
Whether you have an established business or looking to start one
now you are in the right place.
This is gift to biz unwrapped,
helping you turn your skill into a flourishing business.
Join us for an episode packed full of invaluable guidance,
resources, and the support you need to grow your gift biz.
Here is your host gift biz gal,
Sue moon Heights.
Hi there.
It's Sue And welcome to the gift biz unwrapped podcast.
I'm solo behind the mic today to talk to you about
these two very important why's for your business.
I was recently at a convention and one of my favorite
things that we do there is something called speed coaching.
Six of us who are on faculty set appointments with people
and for 15 minutes we did some mini coaching sessions and
what I really love about these is we get straight to
the point,
the people who have signed up really think through what they
want to talk about because they only get 15 minutes,
right? We dive right in and it's so interesting how in
such a concise amount of time we really get to some
true breakthroughs and aha moments.
This time around,
I really identified something that's been bothering me for a while
and I decided that it's a reason why I want to
approach this here with you and talk about it.
The event that I was at was the national gift basket
convention and when I first sit down with my speed coaching
clients, I want to know about their business.
I want to see how they're presenting their business.
To me,
typical of most of us as we're starting out until we've
discovered our wise,
I was hearing the same thing from every single person and
what they really thought was something special,
unique to them were words that were being repeated by every
single person who came in front of me.
So it really unfortunately wasn't that special at all in terms
of the way they were describing their business.
But truth be told,
each and every company and business owner had something that was
really unique and special about their business.
Stick with me here because even though we're talking about gift
basket businesses,
this can apply to any business out there within the gift
basket in industry,
especially the smaller single business owners who run smaller businesses,
you know,
with employees,
not just necessarily themselves.
The big thing within the gift basket industry is customization because
you can pick out specific products,
you can design a basket with different containers.
Boxes are really popular these days.
You can put different ingredients in the baskets or boxes that
can be customized to a recipient.
Additionally, there can be custom messages,
custom ribbon,
all of that.
So that's what people were telling me about their business and
why they were unique because they were able to do that
when in reality,
the hundred and 60 so people who were at this conference
could all do the same thing again,
there really wasn't a unique different to the businesses as they
were being presented.
So I want you to think for yourself with your business,
how are you presenting yourself to the world and are you
really diving in and explaining what is so special about your
business? This is the base behind the two whys and if
you're not sure if you're saying,
Sue still,
I have no idea what you're talking about.
We're going to dive into that right now.
If you haven't identified your wise,
most likely you're not communicating in a powerful or memorable way
about your business.
You see,
it's up to us to excite people about learning more and
wanting to work with us.
There are two why's that we're going to analyze here.
The first one is why you are in business from a
personal perspective.
And the second is what your business does.
That's a value to your potential customer.
In other words,
why your product is useful,
why people should buy from you.
Just going to break these down individually and let's get started
with the first one.
Why are you in business to discover this?
You have to be brutally honest with yourself.
Think back to how you started.
Did you have a vision?
Did someone else suggest to you that you should start your
own company?
Did it come from a place deep within that was just
a passion and you wanted to do more and more of
it and you figure if I can monetize this,
then this is what I can do all the hours of
my working day.
Or were you looking for freedom from your nine to five?
You just weren't happy with the career or the job that
you have.
So you want to break free from that cubicle jail if
you will.
Or perhaps you want to work while you're at home with
the children.
You want to be bringing in and contributing money to the
family income,
but you also want to stay home with your children.
Perhaps you're at a point where you are ready to retire
from a career that you've had for years,
if not decades,
but you're not ready to stop working yet.
So this in terms of your new business or the business
that you're currently in is a second career.
These are all things to really just make sure that you
understand that this was the start of why you're in business
today or why you're thinking of starting a business.
The second thing I want you to think about with this
personal, why is feelings,
so you might have your logical reason about why you wanted
to start your business,
which is what we just covered,
but what is the end result?
What is the feeling and the value that having a business
gives to you?
It could be just flat out pride.
Maybe you want to prove to somebody in your family that
you could do it because you've always wanted their respect.
Now that's kind of a harsh pill to swallow,
but you should be honest with yourself.
Maybe that's why you started your business.
Maybe you love the idea of owning something for yourself and
the idea of building something and making it out of nothing
really, really excites you.
Perhaps maybe the challenge of a business,
the excitement of having to confront problems and challenges and overcoming
obstacles is something that you really love.
Now. Yes,
I'm sure some of you are saying,
well, you know,
no, I'd rather have it all go smoothly all the time
and we all know that that's not the case,
but there are people who really,
really do love the challenge,
the hunt,
the pursuit of a goal.
So all of these are also things to consider when you're
thinking about and being really honest with yourself,
why you're in business.
One thing I want to point out here,
I mean obviously if you're turning or a hobby or a
craft into a business,
part of this is about bringing in income,
making money,
right? But if that's the sole purpose,
if you've decided that you are going to turn your love
for making chocolate into a business only because you want to
make money,
that thinking and that motivation won't pull you through.
When things get tough,
there has to be another underlying reason,
a goal,
something deep inside of you that helps drive you forward when
things are challenging,
not just that you're going to be making money.
Now, this personal why is not something that you broadcast all
over. It's something for you to really understand inside yourself so
that it brings purpose to when you're getting up early and
going into the office when you're struggling with trying to figure
out something techie because your website is down.
When you're faced with a difficult customer,
when the inevitable challenges come up for business,
you can go back to your why and say,
this is exactly the reason why I'm going through these challenges
and these struggles.
By having that why you're clear on your vision,
you're clear on your goal and you're clear on what it
does and how it affects your life.
That's the first why,
from a personal perspective,
why did you decide or why are you thinking about starting
a business in the first place?
Be clear.
Be honest.
You can keep your why close to your heart.
You don't have to tell anybody,
but it's going to help you and support you as you
go forward in your business.
There are days I've had them too,
when you're just like,
why did I even start this?
Maybe I should just shut it down.
Is this all even worth it?
Those are the times when you pull up this Y that
you've identified.
And remember in the very beginning,
before all these struggles came up,
the purpose and the reason and what it does for you
as a person in your heart.
And that's why you want to know your why.
It's there for you when things get tough.
And now I need to interrupt our discussion for just a
quick minute.
Why? For a word from our sponsor.
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So back to my speed coaching clients.
This isn't something that I would necessarily ask them potentially if
I was working with someone longterm,
I might just to find out the grounding of their purpose
for the business,
but now let's get into the outfacing.
Why have a business?
By that I mean,
what is the why behind the results that you offer to
your customers?
With my gift basket people,
again, remember I said that everyone was giving me the same
explanation for their business,
that they offered customization.
They could create something that was unique to a recipient,
et cetera,
et cetera.
That does sound a little bit different because it's different than
the gift baskets you'd see in the big box stores or
the gift baskets that you can buy online from.
These big companies.
They can offer very limited customization,
but it's not enough.
It's not enough for people to then be able know for
sure that they should be working with you because it's a
good fit.
And interestingly,
as I said,
when we dove down and I made them think deeper,
each and every one had something that was way more specific
about their business and unique to them and really truly separated
them from the pack.
Do you remember about a decade ago,
customer service was the big key word.
I mean everyone was talking about how proud and how strong
and how supportive their service was to their customers and they
were just words.
They didn't mean anything.
Everyone touted the fact that they had customer service when really
it was bland.
It didn't mean anything.
You can tell people anything that you want.
It's whether you actually follow through with the actions that really
makes the impact.
I heard once about this whole customer service conversation is don't
even bother telling people about superior customer service that you supposedly
have because no one's going to believe it.
It's just too bland and you can say anything.
All you can do to prove customer service is just do
it and let other customers speak to it from their experiences.
I got off on an aside there,
but I think that was important to talk about because a
lot of people will still say,
Oh, we have the best customer service in the world.
And quite honestly with the ribbon print company we do,
but I don't even say that anywhere because it's gotta be
the customers who are saying that not us.
Anyway, like I said,
I spun down a little bit of a rabbit hole there,
but I thought it was important to say,
but when we generalize our businesses,
just like that customer service example,
people are like,
okay, yeah,
so she has a jewelry business or she makes scarves and
she sells them and um,
Oh she makes beautiful wedding cakes or delicious chocolate.
But it's still just very general.
I want to share with you,
and I'm not giving names,
but they are real examples.
I want to share with you where we got to with
a couple of clients through the speed coaching so that they
really could identify the why behind their business and how they're
different. And then I'm going to share with you how you
can identify this for yourself as well.
So let's take two of these people that I'm talking about
who were custom gift basket designers certified in the industry.
Mind you.
So very well versed,
very established,
very grounded in their businesses.
When we really started diving down and I started asking them,
well, who are your customers?
What are your products?
Some interesting things revealed themselves.
One woman creates special programs that are driven into industry specific
needs. So for example,
she focuses on industries such as Realty assisted living,
facilities, fund raising events.
Okay, so very specific.
And she's created unique programs including timing,
product, different types of needs that a gift basket could serve
that are different than for each of these different industry types.
So her point of differentiation,
what makes her business unique is not that she just does
custom gift baskets,
but she's created industry specific programs that help a client walk
through all the nuances of doing business gifting that are specific
to their industry.
She has made herself knowledgeable either through past experience or learning
over time to be able to create unique programs that address
the needs of individual industries.
So that's what she can talk about when she is at
a networking meeting and she gets up to do her introduction
message. She can say that she is a gift basket designer
who specializes in industry specific programs to address the unique needs,
timeframes and results that specific industries are looking for.
Some of the industries that she specializes in,
our assisted living facilities,
realtors and fundraising events.
How much different is that than getting up and saying that
you can customize baskets to meet the recipient's needs?
Now, someone who has listened to what she said through that
introduction message.
By the way,
those of you who have not been following me for a
while, I totally renamed that elevator speech to an introduction message.
So that's what I'm referencing when I'm talking here.
Someone who's in the room who's listening to that may not
be part of any of these three industries,
but they might have friends who are realtors.
They might have someone in the school system who's putting on
a fundraising event and could really use the expertise of somebody
who has a specialized program.
Do you see the difference here?
Let me share with you another woman.
What she enjoys doing with her business is creating smaller,
less expensive gifts that also include a very unique message,
a very creative message that applies to certain events so her
smaller gifts can be used for leave behinds.
Thank you.
Use referral reminders,
employee recognition,
et cetera.
The value of what she offers is that somebody who's using
her services,
again, that's still under the gift basket umbrella,
but they might be wanting to out to hundreds of people.
Maybe it's people who have purchased a house from them in
the past.
Maybe it's a company who wants to do employee appreciation for
birthdays, recognizing specific departments with a job well done or recognizing
time with a company one year,
five year,
10 year anniversaries.
It's also a great option for people who want to stay
top of mind so that they can get referrals in the
future. Multiple gifts,
lower cost.
Are you seeing here within a similar business how each company
can claim a personality of its own.
This can be based on past experience that you've had.
Maybe you're starting a business but you used to be in
the medical field so you know a lot about how hospitals
or doctor's offices work.
Perhaps that could apply to something that you're doing in your
business today and even if you still have a full time
job and you're looking at starting a business on the side,
what types of things are you learning?
Are you exposed to right now in the job that you
currently have that you can take and then apply to a
business that makes you unique?
You know,
I get,
and I'm definitely not an advocate,
you know,
some people say,
Oh, you're going to start a business.
Just quit your full time job and just go all in.
I'm not so sure that that's a wise approach and I
really don't recommend that to anybody.
I recommend starting slow testing your product,
making sure that you can make money at it,
and then if it makes sense for you to substitute your
full time job with your new business,
that's awesome.
But meanwhile you should like what you're doing during the day
if you can and if you're in a position that you
really, really are trying to get away from but you need
it for insurance,
for income,
et cetera,
look to that position and that business and see what types
of things while you're still contributing and doing everything you need
to do for the money that you're being paid.
But what types of things can you be learning there that
you could then take to your own business?
Perhaps there is an event that's coming up and you can
volunteer for being on a committee because you know being on
that committee is going to give you contacts or new skills
or new experience that you'll be able to use later.
Things like this,
either that you can get into now or that you've already
done. So kind of thing back in your history and your
experience to date are clues of how you can enhance and
separate what you do and what your industry is and how
you can make yourself unique from anybody else.
And as you're thinking about this,
I want you to think about it over and above the
features of your product.
So you might make extra large cupcakes or you might make
jewelry that contains handmade beads,
for example.
What is the benefit to the customer and the value of
these things that are features of your product.
So for an extra big cupcake,
they're good enough to share with a friend,
giving you an excuse to spend more time together and share
and create memories with each other.
So she's not just making extra large cupcakes,
she's giving a reason and an opportunity to be with your
friends and take your friendship to another level,
or just provide another really valuable experience around friendship.
So sharing these extra large cupcakes equals the importance and the
value of a friendship product,
emotional result.
Get it other ways to create emotional results.
If you have incorporated within your jewelry line materials for sensitive
skin. Now people who have never been able to wear earrings
or necklaces because they're irritating,
can now glam themselves up and feel beautiful wearing jewelry once
again, or perhaps if you're a Baker.
So many people now have dietary issues,
right? Whether it's gluten or nuts or all different types of
things. If your cookies serve these dietary restraints,
then once again,
participants at a party don't feel like they can't participate in
the full celebration of the event that includes the cake or
the cookies or whatever desserts are offered as part of the
celebration. Another way to add an emotional layer to your business
is through causes,
so it could be that because of your backstory,
the reason why you've gotten into the business in the first
place, maybe a portion of your profit goes to a certain
cause or perhaps you've started a business because you had an
experience that you want to move forward.
As an illustration of that,
I'd like to share with you my friend Stacy Horowitz,
who has a business called shopping for a change.
And her business formed out of going to Peru and seeing
the beautiful products that the Peruvian women created,
but at the same end scene,
they're harsh living conditions and the poverty that that they're experiencing.
And she came back and she felt that she wanted to
empower women,
not just in Peru,
but all over the world.
These artisans who have such a great craft,
we can help empower them as women to be able to
make their lives better.
So this is a story behind her business that can add
an emotional layer on the other thing that's about her business.
I had to be totally promoting Stacy or anything,
but a portion of the proceeds of her products then go
to a project that she has identified every year to help
a community in some third world country,
but also a percentage goes to a charity or a nonprofit
of your choice.
So people can feel really good about buying products from her.
And also it's a great story to move forward.
Cupcakes, presenting the idea of spending time with friends,
jewelry, allowing somebody who wasn't able to wear necklaces,
earrings once again,
accessorize themselves and feel beautiful or purchasing a product that allows
you to pay it forward and contribute to an important cause.
Like how I told the story to you here,
when someone is referencing a business that has some type of
a feeling behind it,
right? Like all the feelings that I just described,
these are all stories that are over and above the product
you create,
which allows people to talk more about you.
It's not just that Stacey has jewelry and purses and scarves
that are beautiful and for sale.
It's the additional story of what it does,
the higher level meaning behind the business.
So I go back to you think about this.
What is the other layer on top of the product that
you have that you could be talking about?
You probably have it,
you're just not identifying it for the value and the importance
that it has to your business.
Once you know this why and are very clear on this
why. Then you start speaking about it,
telling people about it,
incorporating it into your brand speak because remember you have to
tell people they aren't naturally going to come to this by
themselves. This is the second why behind your business.
It's really hard,
if not impossible for somebody who doesn't know you or your
company to understand what it is that makes you different and
why they should absolutely be coming to you versus anybody else.
This is the value and the importance of the why behind
your business.
I bet you never thought about a three letter word being
so important.
This whole concept of why it was brought to light in
a really significant way through Simon Sinek,
someone who I admire tremendously and follow it started with a
YouTube video he did called how great leaders inspire action and
that led to a book called start with why.
If you've never read that book,
I highly suggest that you do.
Simon works with leaders of big corporations to make sure that
everyone's marching in the same direction,
inspiring people for production and obviously results building teams and having
a common message for a larger business.
I've taken his training to heart and I now apply it
to smaller businesses,
businesses like ours and to our specific industries for gifters,
bakers, crafters and makers.
So there you have it.
Discovering the two why's behind your business,
the one why that's very personal,
why you started the business,
what will help you want to have identified it to motivate
you and drive you forward when things get challenging.
And the second why the outfacing,
why, what is the reason why a customer would want to
buy your product from you specifically?
What is it that they receive in return both by way
of the tangibleness of your product and the emotion and the
feeling behind what your product delivers.
Once you've defined these for yourself,
you've added a level of strength to your business that quite
honestly not many businesses get to.
And then you relay it out to the world so other
people understand and recognize your business for all its greatness.
To dare I say you will be unstoppable.
As I close out this episode,
I am so excited.
The timing was such that I have a special announcement for
you. I have just finished updating and rebranding my membership program,
which is called maker's MBA.
This has been one of my passions.
You know when you talk about your wise,
this has culminated into the why of why I do the
podcast, why I serve gifters,
bakers, crafters and makers,
so I'm thrilled to present it to you for the first
time right here and I would be honored if you checked
it out.
Let's roll the outro.
This episode is all wrapped up,
but your gift biz journey continues.
It's your time to experience the pride and satisfaction of turning
your passion into a profitable business.
Join the makers MBA program and access training modules,
downloadable worksheets,
and weekly live and recorded Q and a sessions addressing your
specific challenges.
You also have the opportunity to connect with a community of
creators. Just like you.
Head over to gift biz,
unwrapped.com/ maker's MBA to join today and until next time,
happy business crafting.