Have you ever gone to a terrific seminar and left wondering if you could take that experience and improve on it, running your own seminar? That’s what happened to Alice Kolb and partner Barbara Quinby when they decided to join forces to host the annual Texas-style quilter’s seminar, now known as Quilting Adventures. The annual seminar started in the early 2000s when Barbara built on her experience from her business career to invite four to six national quilting teachers per week to a classy, yet casual resort to offer students a week of learning from one teacher, good food and lodging. Today the seminar receives rave reviews for its attention to detail and the enriching experiences of its participants. If you, too, think putting on a seminar can be rewarding, here are some tips from Alice’s article in the Winter issue of The Professional Quilter.

1. Analyze yourself. Critique your strengths and energy – both financially and physically – and check your enthusiasm record for a long-term project.

2. Determine your level of commitment. Do you want to own a seminar company, either by yourself or with a partner? It’s a job with responsibilities that last all year from hiring teachers to handling student queries.

3.  Put together a business plan. You need to determine how much time and money are needed to bring your seminar idea to fruition. You will need to make payments well before you ever bring in any funds and you need to be sure you can handle this financial responsibility. You also need to clearly identify the market you want to reach.

4. Research potential site locations. Do they match the style of your event? Will they meet the needs of potential students identified in the business plan? Can the faculty and students easily get to the locations?

5. Personalize your event. Consider the student you identified in your business plan and how you can make the event unique for them.

6. Consider how you will attract students. This could include advertising, personal trips to shops or shows for promotion, printed material and a website. Most important, determine how much time and money you can invest to do this.

To read the article in its entirety, you can join the International Association of Professional Quilters. This issue will be the first one that you receive as one of your member benefits.

The International Association of Professional Quilters offers resources and networking opportunities for you to create a success from your quilting business.  Learn about all the benefits of IAPQ membership and join here.

Did you spend time in the last few weeks setting goals both personally and for your business? Are you making progress on them?

Are your goals written? That’s a big key to achieving them. Written goals have the odds stacked in their favor. I think it’s because you spend time to get clear about what you want, and that lets you focus on your end result. Here are some more tips to achieving big results with your goal setting.

1. Make at least one goal a stretch goal. The definition of a stretch goal would be one that is big and possible, one might seem unattainable with your current skill set, one that will cause you to grow. What this does is challenge you to think outside the box. It also energizes and excites you as you figure out how you’ll achieve it.

2. Figure out why the goal is so important to you and what you’ll give up to make it happen. For example, if one of your goals is to increase your income by 10%, it might be important because you want to remodel your studio. If you know your why, it will help keep you stay focused on your goal. At the same time consider if you need to give up something to help in the effort. Again using the same example, maybe you need to give up that after-dinner TV show and read something that can help you build your business.

3. Chunk down each goal into tasks. Look at the date when you choose to have your goal complete and work backwards with a list of tasks. Breaking it down makes it seem less formidable and keeps you on track.

4. Take action and track it. It sounds simple, yet people don’t always take action. Chunking it down helps a lot here. I also like to use a tracking form to check off where I am on my goals. Using our example above, you could start to chart your income each week. That way you can see if you are on track, and, if not, consider what you can change to meet your goal.

5. Find an accountability partner. It helps if you have  someone on your side, cheering and prodding. I am in a mini-mastermind group with three of the women from the high-level mastermind I was in last year. We all know each others’ businesses and can offer input and a gentle push if we’re behind.

6. Reward yourself. If you are making progress on your goals, treat yourself to something. You could even decide your reward ahead of time. Back to our example, maybe you get a massage if your financial goal is on track at the end of the month.

Good luck with achieving your goals. And, feel free to share your ideas on the here.

The International Association of Professional Quilters offers resources and networking opportunities for you to create a success from your quilting business. Learn about all the benefits of IAPQ membership and join here.

The New Year is two days away. I’m excited about some of the things I have planned. I have some exciting new business programs to announce in the next few months, and I’ve started a coaching program for creative entrepreneurs.

As I look ahead, I can see that I have a lot to accomplish, and I need to stay focused to do that. A lot of you know that one of my favorite planning resources is Your Best Year Yet by Jinny Ditzler, and following her process helps me focus. See the review below.

I wanted to share five tips to keep in mind as you start 2011:

1. Set time for yourself in your calendar. The older I get, the more important I realize that this is. And, I’m sure I’m not the only one who doesn’t take enough time for her or himself. It’s important to find a little time here and there to care for ourselves. We’ll feel happier and stronger inside and this will in turn make us happier and stronger business people. For me, the best way to do this is to make an appointment for self-care in my calendar. One good reference on self-care is The Art of Extreme Self Care by Cheryl Richardson.

2. Set time in your calendar to grow your business. Many of us are solopreuneurs and tend to spend much of our time working in our business when we should be working on our business. Again, the calendar is a great tool. A quarterly business retreat is an option, so is working with a coach. I’ve set time aside to meet on the phone with a Mastermind group.

3. Allow adequate time for marketing. For many, the production is the fun part and the marketing takes a back seat. I’ve had more than one person tell me that she spends two to four times as many hours marketing herself and her product as she does producing the product. Marketing is an ongoing process; you are always marketing. I love this quote from actress Carrie Fisher, “There is no point at which you can say, ‘Well, I’m successful now. I might as well take a nap.'” This keeps me focused on marketing my product.

4. Keep on top of your financials. I know, most people do not enjoy bookkeeping, and if you can hire someone to take it over, that’s great. But watch your numbers. You need to know what’s coming in and what’s going out. What is your ROI (return on investment) for your activities? Your business can’t grow if you aren’t aware of the financials. The Winter issue of The Professional Quilter will include an article on common mistakes small business owners make with their accounting. Watch for it.

5. Remember why you got into business. For many of us, it was our love of quilting or fiber arts and wanting to share our gifts with other quilters. Sure, we work hard at it, and we are rewarded. When times get tough, step back and remember what got you in the business. Maybe use some of that self-care time to make something for yourself. Another quote I like is from Thomas A. Edison. “I never did a day’s work in my life. It was all fun.”

Hope these tips get you off to a positive start. Feel free to share your ideas with others here on the blog.

The International Association of Professional Quilters offers resources and networking opportunities for you to create a success from your quilting business. Learn about all the benefits of IAPQ membership and join here.

As the year is winding down, you can still make decisions that may lower your tax bill. Here are five for you to consider with input from your accountant:

1. Review your business books. You need a clear picture of your earnings and expenses before you make any decisions. Ask your accountant or bookkeeper if you should be tracking something you aren’t.

2. Defer income. Unless you expect to make considerably more income in 2011 when our tax rates will likely be higher, you might want to defer income until after the first of the year. If this is the case, send out your invoices late this month so you won’t receive payment until January.

3. Increase your expenses. Stock up on business equipment and supplies before year end. Pay some of your bills early.

4. Contribute to your retirement plan. Review requirements for payments to your plan. If you don’t already have an individual 401(k), you may want to set up one before the end of the year.

5. Give. Charitable donations are tax deductible if you have a receipt.

These strategies apply differently to each business owner based on her particular situation. Since I’m not a financial professional, take time to discuss your strategy with your personal tax advisor.

The International Association of Professional Quilters offers resources and networking opportunities for you to create a success from your quilting business. Learn about all the benefits of IAPQ membership and join here.

With the travel I’ve had this month and that I see ahead – hello, Houston and its deadlines – I have to be quite organized to get it done. Here are some tips for accomplishing all that’s on your to-do list.

1. Start with a written plan. Clear, written goals are essential. What is the major goal and what are the sub-tasks? For example, my trip to our industry shows, Quilt Market and Quilt Festival in Houston, is a major goal. It has a number of sub-goals, including creating handouts for the two classes I will be teaching, developing a look for the booth, shipping supplies, developing an order form, etc. I have written out all the specific tasks for each sub-goal in my plan. It lets me focus easily and assures I don’t forget anything.

2. Prioritize the tasks and set deadlines. You need to determine when all the sub-tasks need to be done for the goal to be completed. In the case of Quilt Market/Festival, we know it takes place beginning Oct. 29, so I create a schedule backwards showing when my display materials and class materials need to be shipped. I also like to build in a little extra time. And, you might find out that not everything on your list will get done, so focus first on those activities that have the greatest impact on your business results.

3. Make a daily schedule. Take time either first thing in the morning or the night before to plan your day. Then take daily action toward your goals. How you work toward your goals will vary. You may like to work on one project to completion or divide your day into large blocks for different tasks. In my case, I plan to work on the handouts for my classes on one day and then ship the materials this week. That way they are done, I can check them off the list, and I won’t rush at the last minute.

4. Create and use systems if possible. I have a checklist for booth supplies for trade and retail shows. When it nears time for me to pack my supplies to ship, I get out my checklist, note any additions I may have added at the last show, and print a revised copy to use. I allow extra time in case I need to replace something on the list, e.g., masking tape or a new bulb.

5. Not everything on your list will get done. Remember the 80/20 rule. Twenty percent of your activity results in 80 percent of your results. Concentrate on work in the 80 percent; that’s where your ROI (return on investment) will be.

6. And, finally, let go of perfectionism.This is a hard one for me. One of my mentors says to work to “good enough.” It might be that you set a timer for some of the tasks and what you accomplish in that time is “good enough.”

One of my favorite resources for getting things done is Eat That Frog! by Brian Tracy. The book’s title references a quote from Mark Twain: “Eat a live frog every morning, and nothing worse will happen to you the rest of the day.”

Brian goes on to offer his own two rules about “frogs,” your most important task. “The first rule of frog eating is this: If you have to eat two frogs, eat the ugliest one first. The second rule of frog eating is this: If you have to eat a live frog at all, it doesn’t pay to sit and look at it for very long.” So when I have lots on my plate, I look for the frog and start there.

How do you handle getting everything done on your list?

The International Association of Professional Quilters offers resources and networking opportunities for you to create a success from your quilting business. Learn about all the benefits of IAPQ membership and join here.