Go Niche, Go Global
On Monday night I braved the streets of Belgravia, getting increasing lost as I found (eventually!) my way to The Star Tavern for An Evening with Emma Jones. Organised by Julie Hall from Women Unlimited, the event was a chance to network with other female entrepreneurs and hear business tips from Emma, herself a serial entrepreneur, founder of Enterprise Nation and Bitsy, a small business market place, CEO of StartUp Britain, and author of many business books including ‘Spare Room Start Up’.
Emma has a refreshing take on business and start-ups which seeks to dismiss the 'high cost/high skill' myth of starting a business and I wanted to share three of her ideas on the blog today and how digital can help facilitate them.
1. Go Niche (or Micro-Niche)
In her years advising and talking to start-up businesses, according to Emma, the one common factor that made a business a success was having a clearly defined niche and sticking to it. She gave the example of NannyNumbers - a payroll service for nannies, a truly niche service. In discussions with the company, Emma told us that they were considering widening their reach to run payroll services for other professions but she cautioned against this.
With a niche (or micro-niche) business, you can get your opinion out on social media easily. You can become the go-to expert or service provider in your field. With a niche, content creation becomes easier as you have a focus for your efforts. A colleague shared an excellent video with me this week on generating 40 blog post ideas in 5 minutes - easy to do with a niche!
2. Do What You Do Best, Outsource The Rest
Emma is a fan of growing businesses, but suggested an alternative to growing them in the traditional way of hiring lots of staff and paying for office space. We all know the importance of working on your business and not just in the business, but when you are up to your eyes in admin, it's hard to find the mental space to do what you do best.
With the UK in recession, the current government talk a lot about job creation, but unfortunately the red tape and requirements for hiring staff do not make it easy for small businesses to grow. A better way to work and to build and grow a business is to create flexible work for other freelancers which still contributes to the economy without the stress for the business owner.
Emma asked that we focus on what we do best in our business and outsource the rest. From products to services, there is nothing you can't outsource these days with the web. If you sell products online, why not outsource fulfilment and shipping? Instead of struggling with your bookkeeping, outsource this to an online professional. Don't have time to blog, update your Facebook page or your website? Outsource this to my freelance Digital Assistants. Need design or writing services? Try online platforms such as Elance or PeoplePerHour. Use the power of digital to have a remote team working on distinct parts of the business rather than sitting in your office costing you money
3. Go Global Early
"Focus on niche, achieve global reach". Emma Jones
The internet has shrunk the world. We can now connect with potential customers in any country and market our products and services on a global scale.
Having a defined niche or micro-niche, can help us go global faster as we can attract our true fans from a wider pool of people. Social media, Skype and easy payment systems such as PayPal, mean that we can run a global business from our kitchen table. If we start to think about our business in global terms early on, we can create new markets and a more sustainable business in the long term.
Thanks to Emma and Julie for a wonderfully inspiring evening. If you are interested in finding out more about Women Unlimited and their Moxie Business Club, do have a look at their website today.
[image with thanks to fsse8info via CC]





