Saving Small Businesses One Store Front at a Time
February 14th, 2010When it comes to Main Street, finding a strip mall without two or three “For Rent” signs along it, is a rare occasion lately. Sure, the sour economy has taken its toll on everyone from the local mom and pop shop to the Fortune 500s. We know that unregulated big business brought down Wall Street. But what broke the backbone of the US small business market? Why are small businesses everywhere continuing to fail?
I started to think about this after passing my town’s local pizza joint that recently became one of the many, “here today gone tomorrows” of our time. Nonni’s had just revamped itself in hopes of generating more business – new flat screen TVs, a decorative paint job that put you right in the middle of southern Italy while indulging in your pie, and some fancy new furniture. Unfortunately, the owner invested too much of his time and money in the wrong place.
Unless your over the age of 65 or just plain behind, you don’t use paper publications like the Yellow Pages to find what your looking for today. Instead, we Google, Yahoo and Bing. We use search engines that give us exactly what we are looking for (and more) in just seconds. The problem, for many small businesses lining the sidewalks of Main Street, is that their products and services are not being captured by these search engines. It’s surprising to see how businesses, from general stores to hair salons, don’t have websites (their most important store front and tool for moving up on the search engine ranks).
I understand they are called “small businesses” for a reason. Localized, smaller centers of commerce and capitalism – plain and simple. But today, thanks to technology and globalization, there’s really no such thing as being localized, especially if you want people to know you exist. Bottom line, the small businesses who have remained too small (i.e., no websites or other forms of online advertising) well their time to get up to speed with the rest of the world has come. Whether your a one man accounting firm or a 30 person nail salon – you need to advertise your services on the web. The old pen and paper way of managing and publicizing your trade is out.
Let’s revisit poor Nonni’s to try and zone in on how this establishment could have potentially survived the technology tsunami and the recession.
1. If Nonni’s would have invested the $1,000 to $2,000 that originally went to flat screen TVs on a new website, they would have been able to establish a web presence, making it easier for customers to search for their services, order online and look up the shop’s phone number, address, menu, etc.
2. Having a website Nonni’s could have also hired or performed SEO on their website to help increase traffic to their site and essentially generate more business.
3. After getting more business/ revenue from their website, Nonni’s then could have gauged whether or not to invest in TVs and a new paint job based on whether their clients were coming in for pizza or ordering out.
4. After expanding and hiring a larger staff to deal with increased business, Nonni’s could have had a CRM or Customer Relationship Management designed to help more efficiently run their business. CRM systems could be used to keep better track of inventory, staffing and employment needs like hours and payroll, as well as manage a client and customer list of emails and other contact info to email blast their customers about promotions, new events at the store, etc.
Lesson of the day: small businesses need to focus on their digital store front in order to keep their actual store front up and running in today’s day, age and economic times.
